Flash News

TREE NEWS reports: A US index tracking crypto and crypto-related equities closed down 8.06% at 59.99 points. Over the past 24 hours, spot bitcoin fell 2.04% to $81,658.81, turning lower after US CPI inflation data was released. Spot ether dropped 3.81% to $2,412.308.

TREE NEWS reports: FTSE China A50 index futures closed the overnight session down 0.86% at 13,397 points. The decline marks a weaker overnight print for the benchmark tracking the largest 50 A-share companies listed on the Shanghai and Shenzhen exchanges.

TREE NEWS reports: At the close of Wednesday’s session in New York, S&P 500 futures ended down 1.14%, Dow futures slipped 0.14% and Nasdaq 100 futures dropped 2.13%. Russell 2000 futures fell 1.97%, rounding out declines across all four major US equity index futures.

TREE NEWS update: Apple closed above a $5 trillion market capitalization for the first time, ending at $342.96 a share, up 0.5%, to just clear the threshold. The stock had briefly topped $5 trillion intraday in July before pulling back. Apple is the second company globally to reach the milestone, after Nvidia, with shares up more than 13% from August’s low on optimism over a new product line, including a foldable iPhone.

TREE NEWS reports: Northlight Asset Management chief investment officer Chris Zaccarelli said some of the biggest US stock market gainers, including chipmakers and AI infrastructure shares, are losing part of their upward momentum. The September US inflation reading heightened concerns that the Federal Reserve will raise interest rates further. Markets had hoped the September inflation spike would prove one-off, but the data published this morning made that scenario much less likely.

TREE NEWS reports: Information technology was the worst-performing of the S&P 500’s 11 sectors, closing down 2.62%, while telecom fell 1.73% and consumer discretionary lost 1.1%. Energy rose 0.8%, with Chevron, Exxon Mobil and Marathon Petroleum all hitting record highs, and healthcare gained 2.44%.

TREE NEWS reports: On Wednesday, October 14, most major US asset-class ETFs closed lower, led by the Barclays US Convertible Bond ETF, which fell 2.91%. The emerging markets ETF dropped 2.05%, the Nasdaq 100 ETF lost 1.97% and the Russell 2000 ETF fell 1.93%, while gold and S&P 500 ETFs declined as much as 1.49%. US investment-grade corporate bond, TIPS and 20+ year Treasury ETFs gained, and the VIX long ETF rose 3.12%.

TREE NEWS reports: Barclays said a merger between Tesla and SpaceX could be announced before December. The bank’s note points to a possible combination of the two Elon Musk-led companies within that timeframe. No further terms, structure or timing details were given.

TREE NEWS reports: US sector ETFs closed mostly lower on Wednesday, October 14, with the semiconductor ETF falling 3.98% and the global airlines ETF down 3.58%. The global tech index ETF, technology sector ETF and internet stocks ETF each dropped between 3.01% and 2.81%, while regional banks and banking ETFs lost at least 0.7%. Biotechnology rose 1.61% and healthcare gained 2.53%.

TREE NEWS reports: Dell Technologies shares fell 11% as concerns over the timing of enterprise AI adoption triggered a broad selloff in data center stocks. The drop reflects investor worry that corporate spending on AI infrastructure may be slower to materialize than expected, pressuring the sector.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index closed down 0.72% at 3,053.81 on Wednesday, October 14. The gauge had held gains from Asia-Pacific trading through the US open before extending a decline that began at 13:00 Beijing time once US markets opened.

TREE NEWS reports: CoreWeave shares closed 15% lower, marking the stock’s largest single-day decline since February 27. The AI cloud computing provider’s drop was reported without further detail on the cause. The move stands as the company’s steepest one-day selloff in roughly a month.

TREE NEWS reports: US stocks closed lower on October 15, with the Dow down 0.13%, the Nasdaq down 1.85% and the S&P 500 down 1.07%. Crypto-linked names led the decline: MARA fell 10.16%, Riot Platforms (RIOT) 10.05%, Robinhood (HOOD) 8.76%, SKHY 6.01%, Strategy (MSTR) 5.92% and AMD 5.73%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 1.3%, with data center names leading losses. VNET dropped 14.9% and GDS Holdings fell 12.4%, while Canadian Solar lost 7.9% and Kingsoft Cloud shed 6.4%. Alibaba gained 0.5% and NetEase Youdao rose 7.4%. Among ETFs, CQQQ fell 2.6% and KWEB slipped 0.9%.

TREE NEWS reports: The S&P 500 closed down 1.2% while the tech sector fell 2.6%, with telecom, consumer discretionary and industrials each losing up to 1.7% and healthcare gaining 2.4%. The Nasdaq 100 dropped 2%, led by CoreWeave down 15.2% and Nebius down 10.3%. The Philadelphia Semiconductor Index fell 4.2% and the small-cap index lost 2.1%.

TREE NEWS update: Chief executives of major aerospace companies including Boeing and GE Aerospace met with US Transportation Secretary Sean Duffy to discuss streamlining regulatory approval for new aircraft and parts. The administration wants to speed up airworthiness certification to spur innovation and compete internationally, with executives sharing which parts of the current system work and which do not. The FAA has proposed a new rule aimed at cutting approval costs and time.

TREE NEWS reports: Wall Street banks remain optimistic about investment banking activity despite rising bond yields and market volatility, pointing to a strong pipeline of pending deals and continued client engagement. JPMorgan CFO Jeremy Barnum said the market would pause to let buyers and sellers agree on valuation terms, noting a slowdown in the second half of September, but added he expects deals to be delayed rather than cancelled.

TREE NEWS reports: The Hang Seng Index main futures contract closed its night session down 1.06% at 24,074 points. The Hang Seng Tech Index main futures contract fell 1.68% to 4,104 points in the same session.

TREE NEWS reports: JPMorgan, Goldman Sachs and Morgan Stanley missed market expectations on fixed-income trading revenue, while their equities trading results were strong. Bank of America missed on both equities and fixed-income trading and booked a charge tied to anti-money-laundering and sanctions penalties. Resilient loan demand lifted traditional banking, with JPMorgan, Citi and Wells Fargo posting a fifth straight quarterly record in combined net interest income.

TREE NEWS reports: Bastion Trading, a major shareholder in SkyAI, is pressing the company over its Solana holdings after its SOL treasury shrank 70% in under a month, with 400,000 SOL unexplained. The investor said it will not tender its shares at $3 and is seeking $3.50 a share.