Post-Bell | Nasdaq Falls 1.6%; Marvell Jumps 18%; Boeing up 4%; Nvidia, AMD Slide 3%; ASML down 6%; Micron Sinks 7%

01 Stock Market

Wall Street's three main indexes closed down ​on Friday amid a sudden setback in the U.S. labor market and a 12% spike in U.S. oil ‌prices due to the escalating conflict in the Middle East.

A disappointing payrolls report intensified worries that the U.S. economy could be cooling just as geopolitical tensions in the Middle East push energy costs sharply higher. That mix threatens to box in the Federal Reserve, complicating its path to rate cuts and reviving concerns about ​renewed inflation pressure.

Dow Jones down 0.95% at 47,501.55; S&P 500 down 1.33% at 6,740.02; NASDAQ down 1.59% at 22,387.68. A pullback in large-cap technology and semiconductors weighed on the broader market, while energy-linked proxies strengthened alongside crude. Traders digested weaker jobs data and escalating Middle East headlines, pressuring growth shares into the close.

Unusual-move stocks were led by sharp semiconductor and mega-cap swings, with select AI and commodity proxies diverging. MRVL up 18.35% at $89.57; NVDA down 3.01% at $177.82; AMD down 3.52% at $192.43; TSM down 4.23% at $338.89; TSLA down 2.17% at $396.73; AAPL down 1.09% at $257.46; MSFT down 0.42% at $408.96; AMZN down 2.62% at $213.21; META down 2.38% at $644.86; GOOG down 0.87% at $298.30; PLTR up 2.94% at $157.16. Leveraged semis diverged: SOXL down 12.61% at $47.89; SOXS up 12.67% at $45.17. Volatility jumped, with UVIX up 27.62% at $9.38. Energy and metals proxies outperformed: USO up 12.94% at $108.77; SLV up 2.25% at $75.94; AGQ up 4.54% at $152.59. Select outliers included LITE down 14.19% at $558.44.

Oil-sensitive instruments rallied as crude surged, while risk-off flows favored inverse and volatility products. Broad tech softness reflected profit-taking in AI leaders and cyclical concern from weaker labor prints. Within semiconductors, stronger AI-optics guidance buoyed select names even as foundry and memory peers retreated, highlighting bifurcation between AI beneficiaries and broader chip cyclicals.

02 Other Markets

U.S. 10-year Treasury yield fell by 0.34%, latest at 4.13%.

USD/CNH rose 0.09%, at 6.90; USD/HKD rose 0.04%, at 7.82.

U.S. Dollar Index fell 0.22%, at 98.85.

WTI crude futures rose 12.67%, at 91.27 USD/bbl; COMEX gold futures rose 2.02%, at 5,181.30 USD/oz.

03 Top News

Trump Says U.S. Defense Contractors Agree to Quadruple Production

President Trump said several of the leading U.S. defense contractors have agreed to quadruple production of "exquisite class weaponry."

"We just concluded a very good meeting with the largest U.S. Defense Manufacturing Companies where we discussed Production and Production Schedules. They have agreed to quadruple Production of the 'Exquisite Class' Weaponry in that we want to reach, as rapidly as possible, the highest levels of quantity. Expansion began three months prior to the meeting, and Plants and Production of many of these Weapons are already under way," Trump said in a long post on Truth Social.

OpenAI and Oracle Decide Not to Expand Texas Data Center Site: Report

OpenAI (OPENAI) and Oracle (ORCL) have decided not to expand their data center site in Abilene, Texas, from 1.2 GW to 2 GW, according to Bloomberg.

Instead, Meta Platforms (META) is now considering stepping in to lease the planned expansion, which is owned and being developed by Crusoe, the report said, citing people familiar with the matter. Nvidia (NVDA) also played a role in steering Meta to take advantage of the expansion.

Boeing Nears 500-Jet Order with China Ahead of Trump-Xi Summit - Bloomberg

Boeing (BA) +4.1% in Friday's trading, making it the top gainer on the Dow Jones average, following a Bloomberg report that the company is closing in on one of the largest sales in its history, ​an order for 500 737 MAX jets to be announced when ​President Trump travels to Beijing at the end of this month.

The U.S. and China also are in talks for a widebody sale that includes ​~100 787 Dreamliner and 777X jets, which likely would be announced at a later date and not part of the upcoming summit meeting, according to the report.

Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.