Flash News

TREE NEWS reports: US stocks closed mixed on October 24, with the Dow Jones down 1.31%, the Nasdaq up 0.13% and the S&P 500 down 0.53%. Among notable names, SKHY rose 3.50%, while Block (XYZ) fell 3.28%, MARA dropped 3.23%, Coinbase (COIN) slipped 2.54%, SPCX gained 2.48% and Riot Platforms (RIOT) declined 2.48%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 0.8% in preliminary trading, bringing its cumulative decline for the week to about 3.9%. The index tracks U.S.-listed Chinese companies.

TREE NEWS reports: The S&P 500 fell about 0.4% for the week and closed Friday down 0.5%, while the Dow rose more than 0.4% and the Nasdaq lost 0.7% on the week. The Philadelphia Semiconductor Index dropped 3.3% and the AI Winners Index fell 3.2%, though the AI Software Pioneers Index gained 4.7%. On Friday, the Nasdaq-100 was roughly flat, with T-Mobile down 7.8% and CrowdStrike up 8.3%.

TREE NEWS update: Western Digital CFO Kris Sennesael rejected concerns that AI spending has peaked, saying data storage demand is still growing after the company’s capital expenditure plan unsettled investors. “Our customers, especially hyperscalers, have not wavered,” he said on Thursday’s earnings call, adding they are expanding capex and extending supply discussions into 2030 and 2031. Western Digital expects capex to average 4% to 6% of revenue over the next five years, with spending “moderately” higher over the next two.

TREE NEWS reports: SpaceX’s latest 10-Q filing confirms that any combination with Tesla requires approval from its “controlling shareholder,” Elon Musk. The disclosure gives Musk final say over a potential Tesla merger even as he says he is staying out of the process.

TREE NEWS reports: Stock fund speculators reduced their net short positions in S&P 500 CME contracts by 42,221 lots to 348,674 lots in the week to October 20, the CFTC said. Stock fund managers also cut their net long positions in S&P 500 CME contracts by 18,079 lots to 894,464 lots over the same week.

TREE NEWS reports: The Hang Seng Index main futures contract closed up 0.02% at 23,110 points in overnight trading. The Hang Seng Tech Index main futures contract closed flat at 3,873 points.

TREE NEWS reports: Spot ether ETFs are on track for their worst month of 2026, with $1.2 billion in outflows in October, as Bitmine Immersion Technologies also pulls back from building its ether treasury. The two sources of demand had driven much of ETH’s demand this year and are now retreating simultaneously.

TREE NEWS reports: SK Hynix has abandoned plans to list its Solidigm unit on a US exchange, LYNX Equity Strategies analyst KC Rajkumar’s team said on October 23. The decision may benefit Micron Technology and SanDisk by reducing the risk of future global NAND flash supply oversupply, the analysts said.

TREE NEWS reports: Genmab’s American depositary receipts rose 9.3% after the company reported positive Phase 3 study data. The Danish biotech’s shares climbed on the trial results, which the company said were favorable. No further details on the study or its implications were disclosed in the available material.

TREE NEWS reports: Spot Bitcoin ETFs recorded $635.6 million in net outflows on Thursday, their largest single-day outflow this month, pushing October’s cumulative flows to a net loss of about $176 million. Ethereum and Solana funds also saw redemptions the same day, extending a broader pullback across crypto exchange-traded products.

TREE NEWS reports: Italy’s bank index fell 0.4% on Friday and lost about 5.9% over the week. The Italian benchmark was down 0.10% in early trading, while Germany’s DAX 30 fell 1.02% to 25,113.54 points, down about 2% for the week. France’s index dropped 0.64% and the UK’s fell 0.63%.

TREE NEWS reports: The pan-European STOXX 600 fell 0.57% to 634.10 on Friday, bringing its weekly decline to about 1.6%. The euro-area STOXX 50 dropped 0.6% to 6,050.46, down about 2.5% for the week, while the FTSE Eurofirst 300 slipped 0.53% to 2,530.79. Luxury stocks led losses: Kering, Gucci’s parent, fell more than 16%, Salvatore Ferragamo lost 7.2% and Richemont dropped 6.3%, while L’Oréal gained 5.5%.

TREE NEWS update: Bristol Myers Squibb (BMY) disclosed that a patient died in an early-stage clinical trial of an experimental CAR-T cell therapy. The company’s shares fell 2.5% in early U.S. trading following the disclosure. No further details on the trial or the patient were provided.

TREE NEWS update: Jio Platforms’ Indian initial public offering has received more than 13.8 million subscription applications, a Reliance official said, setting an all-time record for India. The figure marks the largest number of bids ever recorded for an Indian IPO, underscoring heavy retail demand for the Reliance Industries telecom and digital unit’s listing.

TREE NEWS update: Jio Platforms’ IPO attracted more than $77 billion in bids, making it India’s most-subscribed stock offering and surpassing Reliance Power’s 2008 issue, with public subscription exceeding 22 times. Anchor investors including Abu Dhabi Investment Authority, BlackRock and Fidelity submitted $25.6 billion in bids for $854 million of reserved shares. The offering values the company at up to $108.3 billion ahead of trading next Wednesday.

TREE NEWS reports: The Nasdaq 100 rose as much as 0.5% to a fresh intraday high, with cybersecurity and semiconductor names leading. Palo Alto Networks gained 5.9%, CrowdStrike 5.3% and Datadog 4.2%, while Micron, Marvell, Baker Hughes, AMD and Cadence each added at least 2%. The Philadelphia Semiconductor Index was up 1.3%. Decliners included Moderna, down 1.1%, Autodesk 1.7%, PepsiCo 2.3%, Adobe 2.6%, Intuit 2.6%, Ross Stores 3.1%, T-Mobile 3.5% and ODFL 4%.

TREE NEWS reports: The Dow Jones Industrial Average fell more than 800 points as Middle East tensions intensified, with only Alphabet, Nvidia, Cisco and Chevron among the index’s gainers. American Express, which announced layoffs, dropped over 3.7%, while Home Depot fell 3% and Salesforce, Caterpillar, Sherwin-Williams, 3M, Nike, Merck, McDonald’s and Coca-Cola each lost more than 2%. The Philadelphia Bank Index declined 1.3%.

TREE NEWS update: China’s first batch of 18 actively managed ETFs raised more than 15 billion yuan ($2.1 billion) on their Oct. 23 debut, with three products hitting their 2 billion yuan initial caps and closing subscriptions early with proportional allotment. Brokerages and fund companies plan to buy about 2.17 billion yuan of the products themselves, including 259 million yuan subscribed by Guotai Haitong Securities on Friday.

TREE NEWS reports: Moderna shares fell as much as 10% in intraday trading, extending a two-day decline to 26%. The drop marks a sharp selloff in the vaccine maker’s stock over the two sessions. No further detail on the cause was provided in the material.