Sept 9 2025

 

Markets: Futures mostly flat (S&P, Dow, Nasdaq); IWM slightly down. 10-year Treasury yield near 5-month lows, crude oil up after OPEC’s production move.

Economic Data: NFIB Small Business Index rose to 100.8 (above expectations). Job benchmark revisions due later; could influence Fed rate cut expectations.

Events: Apple’s product event today (iPhone 17, ultra-thin “iPhone Air”).

Big Movers:

• Nebius (NBIS): +50% premarket on $17–19B AI cloud deal with Microsoft; boosts CoreWeave (+7%).

• Tesla: New “Mega Block” energy product; China registrations up 14% WoW but still down YoY.

• Novartis: Acquiring Tremeau Bio for $1.4B.

• SalePoint: Down on weak guidance despite beating Q2.

• CGNT: Beat and guided up.

• Intel: Management reshuffle, new data center chief from Arm.

• AC’s General Stores & Mission Produce: Beat earnings, modest stock reactions.

• Talen Energy: Buyback boosted to $2B through 2028.

• Dropbox: New $1.5B buyback.

• Dell: CFO stepping down after 28 years.

• Nasdaq: Investing $50M in Gemini, exploring tokenized securities.

• UnitedHealth: Strong Medicare Advantage ratings → bonus payments; insurers expected to hike premiums sharply.

• Uber Eats: Expanding to deliver Sephora beauty products.

• Teck Resources & Anglo American: Merging as “Anglo-Tech.”

• NextTracker: Buying Origami Solar for $53M.

• Korn Ferry: Beat, stock up.

• Core & Main (CNM): Weak guidance, stock down.

• News Corp: Murdoch family succession settled, some share sales.

• Unitree Robotics: Filing $7B IPO in China, robotics focus (dog & humanoid robots).

• Boeing: Upgraded to Buy on supply chain improvements.

• Nike & Lowe’s: Added to Jefferies’ franchise picks.

• Dick’s Sporting Goods: Upgraded to Buy by Citi.

Upcoming: Oracle, Synopsys, GameStop earnings after close; PPI (Wed) and CPI (Thu) key for Fed outlook.