Eurozone Industrial Production contracts 0.1% in July

TradingKey - On September 12, Eastern Time, Anthropic CEO Dario Amodei called for controlling the rate of capability advancement in frontier AI models, intensifying market concerns over data center investment and chip demand. Nvidia (NVDA) CEO Jensen Huang subsequently publicly opposed slowing down AI development, while Broadcom (AVGO) CEO Hock Tan stated that demand for compute infrastructure from frontier model development and inference operations remains strong.

TradingKey - The Federal Reserve will announce its September rate decision at 2:00 p.m. ET on Wednesday (September 16), followed by a press conference held by Fed Chair Kevin Warsh at 2:30 p.m. The meeting will also release the latest economic projections and the interest rate dot plot.

The SK Hynix labor union has approved a new wage agreement, under which bonuses will be distributed in an equal split of cash and stock.

The procedural vote on the Clarity Act failed, sending Bitcoin below $75,000 and causing crypto stocks to plunge across the board.

The 10-year U.S. Treasury yield briefly surged to its highest level since 2007, while international crude oil prices surpassed $100, both weighing on market sentiment as U.S. equities extended their decline, though chip stocks bucked the trend to post gains. At the close, the Dow Jones Industrial Average fell 0.63% to 52,093.11; the Nasdaq Composite Index dropped 0.78% to 25,981.57; and the S&P 500 Index slipped 0.45% to 7,585.73.