Wall Street Sets Records as Earnings Soar and Global Trade Deals Ease Tariff Jitters

United States Markets

SGX:S27.SI:S&P 500
The S&P 500 climbed 0.40% to 6,388.64, its 14th record close of 2025 and fifth straight daily record, logging a 1.5% weekly gain.

US:QQQ:Nasdaq Composite
The Nasdaq Composite rose 0.24% to 21,108.32, marking its 15th record close this year and a 1% weekly rise.

US:DGT:Dow Jones Industrial Average
The Dow Jones Industrial Average gained 208.01 points, or 0.47%, to 44,901.92, closing the week up 1.3%.

US:GOOGL:Alphabet
Alphabet advanced 4% this week after its earnings surpassed expectations, contributing to the S&P 500 rally.

US:VZ:Verizon
Verizon surged 5% following strong quarterly results, supporting the broader market’s push to record highs.

US:META:Meta Platforms
Meta Platforms is due to report results this week, with investors focusing on AI developments and revenue projections.

US:AAPL:Apple
Apple will report earnings Thursday, as markets watch for updates on AI-driven growth expectations.

US:CHTR:Charter Communications
Charter Communications tumbled 18%, its worst trading day on record, after earnings missed forecasts and it reported losing 117,000 broadband and 80,000 video subscribers.

US:CMCSA:Comcast
Comcast fell alongside Charter as cable sector weakness spurred a broader selloff.

US:ATUS:Altice USA
Altice USA declined in tandem with Charter as subscriber losses weighed on cable stocks.

US:SATS:EchoStar
EchoStar shares dropped after Charter’s poor results triggered a sector-wide downturn.

US:HZO:MarineMax
MarineMax missed analyst forecasts, earning $0.49 per share versus $1.17 expected, as tariffs dampened consumer confidence and margins hit post-crisis lows.

US:PLTR:Palantir
Palantir gained over 2%, reaching an all-time high and overtaking the market values of Home Depot and Procter & Gamble, with Piper Sandler projecting 13% more upside.

US:HD:Home Depot
Home Depot was surpassed in market capitalization by Palantir despite steady trading.

US:PG:Procter & Gamble
Procter & Gamble also slipped behind Palantir in valuation as the software company surged.

US:COIN:Coinbase
Coinbase dropped for a fifth consecutive session, its longest losing streak since February, despite hitting a record high last week.

US:BITF:Bitmine Immersion Technologies
Bitmine Immersion Technologies gained investor interest after Ark Invest shifted $12 million from Coinbase into the Peter Thiel-backed ether treasury firm.

US:SQ:Block
Block was sold down by Ark Invest as it reallocated capital within the crypto sector.

US:HOOD:Robinhood
Robinhood was trimmed by Ark Invest alongside other crypto-linked holdings during portfolio shifts.

US:DJI:Dow Jones Futures
Dow futures rose 180 points, or 0.4%, Sunday evening after the U.S. announced a 15% tariff deal with the European Union, averting previously threatened 30% duties.

SGX:S27.SI:S&P 500 Futures
S&P 500 futures gained 0.3% after the EU trade agreement, signaling optimism for the week ahead.

US:NDX:Nasdaq 100 Futures
Nasdaq 100 futures climbed 0.4% on Sunday evening, continuing the tech-driven market momentum.

Singapore Highlights

SGX:5WJ.SI:MoneyMax Financial Services
MoneyMax surged 88% year-to-date to 62 cents, a record high since its 2013 listing, driven by gold above US$3,000 per ounce boosting loans and retail sales.

SGX:STI.SI:Straits Times Index
The STI climbed from 3,879 to 4,261 since June 23, with its RSI at 84 before easing to 81, as lagging components like OCBC, UOB, and Mapletree REITs gain traction.

SGX:Z74.SI:Singtel
Singtel’s Nxera unit will train and hire 500 workers as it builds four AI data centres, including DC Tuas, one of Asia’s largest liquid-cooled facilities by 2026.

SGX:D05.SI:DBS Group
DBS CIO Hou Wey Fook remains neutral on equities but bullish on AI, US tech, and gold, targeting US$3,765 per ounce by 4Q2025.

US:NVDA:Nvidia
Nvidia’s market cap surged to US$4.25 trillion, 37 to 38 times higher than when DBS first called it an AI leader in 2019.

SGX:C38U.SI:CapitaLand Ascendas REIT
Highlighted by Citi as a key mid-large cap play benefiting from EQDP-driven market liquidity.

SGX:BN4.SI:Keppel Corporation
Keppel is a Citi top pick amid EQDP capital inflows to industrial and property names.

SGX:5E2.SI:Seatrium
Favored by Citi for industrial sector exposure supported by liquidity momentum.

SGX:U96.SI:Sembcorp Industries
Highlighted for growth potential as EQDP boosts Singapore markets.

SGX:U14.SI:UOL Group
Preferred by Citi analysts for its property exposure amid capital-driven optimism.

SGX:C09.SI:City Developments Limited
Downgraded to “hold” by OCBC after a 40.5% rebound; expects $834.2 million from South Beach stake sale, with potential special dividend.

SGX:C31.SI:CapitaLand China Trust
Rebounded with Capitaland Commercial C-REIT listing but trades below NAV at 79 cents.

SGX:Z59.SI:iFAST Corporation
Posted a 37.9% profit jump to $22.11 million in 2QFY2025, with AUA hitting $27.2 billion and record unit trust subscriptions.

SGX:1D4.SI:Aoxin Q&M Dental Group
Assured minimal impact from CEO resignation amid whistle-blower probe, with operations managed by Bai Yi.

SGX:S08.SI:Singapore Post
Credit rating downgraded to BBB- by S&P after divesting its Australian units, leaving postal and logistics business under structural pressure.

Malaysia Roundup

KL:7022.KL:Globetronics Technology Bhd
Defended its RM45.05 million acquisition of KL:0297.KL:Mpire Global Bhd, citing strategic diversification into fleet management and logistics services.

KL:0389.KL:Ecobuilt Holdings Bhd
Won a RM34.65 million contract to construct a 25-storey serviced apartment tower in Shah Alam by May 2027.

KL:5301.KL:CTOS Digital Bhd
Reported a 17% y-o-y profit decline to RM21.16 million in 2QFY2025 due to higher costs and depreciation.

KL:8567.KL:Salcon Bhd
Deputy chairman Tan Sri Tee Tiam Lee acquired a 7.86% stake in KL:0107.KL:Eduspec Holdings Bhd via private placement.

KL:8575.KL:Sapura Energy Bhd
Secured over RM500 million in contracts for Chevron and HK:0889.HK:PTTEP in Thailand, including offshore installation and subsea services.

KL:5347.KL:Tenaga Nasional Bhd
Faced a fresh RM840.13 million tax assessment for YA 2022 and is exploring legal remedies after past tax disputes.

KL:5278.KL:Rhone Ma Holdings Bhd
Won a RM15.64 million contract to build a milk processing line for Jemaluang Dairy Valley, a JV with KL:2003.KL:Kulim Malaysia Bhd.

KL:9946.KL:Rex Industry Bhd
ETA Industries increased its stake to 55.04% after completing a takeover offer, consolidating control with CEO Lim Chin Hui.

KL:8877.KL:Ekovest Bhd
Extended deadline to Aug 29 to finalize its RM1.15 billion Credence Resources Sdn Bhd acquisition with Tan Sri Lim Kang Hoo.

KL:0271.KL:Jentayu Sustainables Bhd
Confirmed its 162MW Hulu Sungai Padas hydropower project remains on track despite Sumitomo Corp’s withdrawal and MOU termination.

Hong Kong Updates

HK:00017.HK:New World Development
AAHK is in talks with New World Development to find a new partner for the 11 Skies project, with financial terms still under negotiation.

HK:00388.HK:HKEX
HKEX will launch the Issuer Access Platform in 2026 to streamline issuer communication and modernize the market structure.

HK:09399.HK:XI2CSOPMSTR-U
Closed up 4.9% at US$2.758, topping ETF gainers for the session.

HK:07399.HK:XI2CSOPMSTR
Rallied 4.8% to HK$21.7, among the strongest ETF movers.

HK:07311.HK:XI2CSOPCOIN
Added 3.9% to close at HK$8.395 on robust crypto ETF demand.

HK:09311.HK:XI2CSOPCOIN-U
Climbed 3.1% to US$1.062, extending its weekly rally.

HK:07376.HK:FI CSOP BTC
Advanced 2.9% to HK$3.874 as cryptocurrency-linked ETFs gained traction.

HK:3115.HK:Hang Seng Index
The HSI fell 278 points (1.1%) to 25,388, with HSCEI and HSTECH also sliding despite weekly gains of 2.3% for the index.

HK:03690.HK:Meituan-W
Dropped over 3% as tech heavyweights dragged the market lower.

HK:00005.HK:HSBC Holdings
HSBC Life reported over HKD20 billion in new premiums for 1Q25, maintaining a 21.5% market share.

HK:00001.HK:CK Hutchison Holdings
Continued negotiations on a port sale with low likelihood of near-term resolution as discussions extend.

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