Market

September 3, U.S. stocks opened on a positive note as the Dow Jones gained 0.65%, the S&P 500 rose 0.44% and the Nasdaq Composite advanced 0.46%. Investors welcomed upbeat tech results and steady Treasury yields while awaiting fresh economic data later in the session.

Snowflake rocketed 24.05% after a blow-out quarter and raised outlook, MicroSectors Gold Miners 3x Leveraged ETN jumped 8.97% as gold prices firmed, Direxion Daily TSLA Bull 2X Shares leapt 7.36% alongside Tesla Motors up 3.68% on record August deliveries, Circle Internet Corp. climbed 5.37% with Bitcoin topping $45,000, Meta Platforms, Inc. added 3.28% on new AI ad tools, and Palantir Technologies Inc. rose 3.10% on a fresh Pentagon contract; on the downside, Broadcom fell 5.42% after a cautious outlook, Direxion Daily Semiconductors Bull 3x Shares slipped 4.55%, and Trip.com Group Limited lost 4.93% on softer booking trends.

Elsewhere, Credo Technology Group Holding Ltd advanced 3.44% following an analyst upgrade, GigaCloud Technology Inc gained 1.19% on expanded e-commerce ties, Rocket Lab USA, Inc. ticked up 1.19% after a successful launch, while Silicon Motion Technology edged down 1.81% and Advanced Micro Devices declined 1.48% amid a broader semiconductor retreat.

News

Snowflake lifts guidance after blowout quarter, stock jumps 24%. The data-cloud specialist beat revenue estimates and cited accelerating demand for AI-driven analytics, boosting investor confidence in enterprise software spending.

Broadcom warns of softer chip demand, shares fall 5%. Despite solid earnings, the company’s cautious outlook on networking and smartphone markets pressured semiconductor sentiment across the board.

Tesla Motors reports record August deliveries, shares rise 4%. The EV leader also received an analyst price-target boost on expectations of stronger margins from its new Model Y refresh.

Meta Platforms, Inc. unveils AI ad‐creation tools, stock gains 3%. The features promise more precise targeting and faster campaign deployment, reinforcing Meta’s push to monetize generative AI.

Apple schedules September device event, stock nudges up 0.3%. Invitations for the iPhone maker’s annual launch fueled anticipation of new premium models and potential service bundle expansions.

NVIDIA CEO cites relentless AI chip demand, shares edge up 0.2%. Jensen Huang said hyperscale orders remain “far above supply,” easing fears of a post-boom slowdown.

Micron Technology dips 1.5% on China export risk. Reports of expanded restrictions on U.S. memory components raised concerns about revenue exposure to the world’s second-largest economy.

Palantir Technologies Inc. wins $250 million Pentagon AI contract, stock up 3%. The multi-year deal will enhance battlefield data integration and solidify Palantir’s position as a key defense software provider.

SPDR Gold ETF climbs 1.9% as bullion flirts with record highs. Investors rotated into safe-haven assets on renewed expectations of a Federal Reserve rate cut later this year.

U.S. jobless claims unexpectedly fall, supporting market gains. Weekly filings declined to their lowest level since June, underscoring labor-market resilience and tempering fears of a sharp economic slowdown.