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📈 TL;DR — What Moved, What Didn’t
Stocks edged higher into midweek, keeping the S&P 500 near record territory. A weak private-sector jobs read strengthened bets that the U.S. central bank will cut rates next week. Smaller companies outperformed, while megacaps were mixed. Bond yields eased, and the dollar slipped again. Gold was little changed after Tuesday’s dip. Bitcoin rebounded this week as risk appetite improved.
Big picture: markets are trading the “bad-ish” jobs news as good for rates, keeping the year-end rally alive—ahead of today’s ISM* services report and next week’s Fed policy meeting.
Quick Levels → Week-to-date change
S&P 500: 6,849.72 | ↑0.01%
Nasdaq 100: 25,606.54 | ↑0.67%
Dow: 47,882.90 | ↑0.35%
Russell 2000: 2,512.14 | ↑0.47%
Gold/oz: $4,182 | ↓0.79%
Bitcoin (BTC): $93,050 | ↑2.95%
DXY (U.S. Dollar Index): 98.87 | ↓0.61%
🚀 Top Movers This Week
Microchip Technology (MCHP) ↑18.72% — Raised sales and profit outlook; bookings and backlog improved, sparking biggest S&P 500 gain.
NXP Semiconductors (NXPI) ↑16.73% — Chip strength spilled into auto/industrial names; improving sentiment after peer guidance lifted outlooks.
ON Semiconductor (ON) ↑13.75% — Followed peers higher on AI-chip optimism and sector upgrades; traders chased laggards.
Marvell (MRVL) ↑12.08% — Earnings beat plus $3.25B Celestial AI deal, including Amazon warrant, boosted AI hopes.
Intel (INTC) ↑7.89% — Continued rally on reports Apple may use Intel’s 18A foundry for M-series; bullish options and policy tailwinds.
Symbotic (SYM) ↓12.59% — Rebounded Wednesday after sharp Goldman downgrade Tuesday; volatility persisted around secondary offering chatter.