WS #7363
No genuinely new material developments detected in the last 30 minutes. The prevailing tech/AI rally narrative continues without fresh catalysts or counter-signals. No new data points on geopolitical tensions, Fed policy, or individual tickers that would alter the existing market outlook.
Key developments
- Cerebras (CBRS) surges 68% in Nasdaq debut, year's largest IPO at $67B valuation
- US clears H200 exports to China, boosting AI chip stocks
- Cisco (CSCO) surges +13.41% on strong revenue, pushing Dow to 50,000
- Supreme Court allows mifepristone access by mail/telehealth to continue
- Strait of Hormuz remains effectively closed at 10-20% of normal volume
- Gold heads for weekly drop as inflation fuels rate-hike bets
- Fed Governor Barr argues against shrinking the balance sheet (dovish)
- Ukraine strikes Black Sea oil terminals; Russia launches drone barrage