US stocks closed higher on Thursday, led by gains in technology shares, as the Dow Jones and S&P 500 snapped a four-session losing streak. Strong earnings from Micron Technology and softer-than_bugged US inflation data helped restore investor confidence after several days of market pressure.
Micron Technology surged 10.2% after the chipmaker reported better-than-expected fiscal first-quarter revenue and profit, while issuing upbeat guidance for the current quarter. The company cited booming demand for AI-related memory products and said inventories were effectively sold out, reinforcing optimism around the AI supply chain.
Markets also reacted positively to delayed US inflation data released earlier in the day. The Bureau of Labor Statistics reported that November consumer prices rose 2.7% year-on-year, below market expectations. The data eased concerns about persistent inflation pressures and strengthened expectations that the Federal Reserve could have more room to ease policy than previously anticipated.
Additional data showed real average weekly earnings rose 0.8% year-on-year in November, with real wages increasing by $3 to $388.98. Due to the recent US government shutdown, the Labor Department confirmed it will not publish October 2025 real wage data.
US Stocks
By market capitalization, major tech stocks closed mostly higher. Nvidia gained 1.79%, Apple rose 0.13%, Microsoft climbed 1.65%, Alphabet advanced 1.93%, Amazon jumped 2.48%, Meta added 2.30%, Tesla rallied 3.45%, Broadcom rose 1.14%, Oracle gained 0.88%, while Netflix slipped 0.83%. Micron Technology stood out with a 10.21% surge.
Chinese ADRs also moved higher, with the Nasdaq Golden Dragon China Index up 0.97%. Alibaba rose 0.16%, JD.com gained 0.70%, Pinduoduo added 0.75%, NetEase advanced 1.14%, NIO climbed 1.44%, XPeng surged 2.82%, Li Auto gained 0.19%, Bilibili rose 1.77%, Baidu added 0.83%, Tencent Music gained 1.36%, and Pony.ai rose 0.64%.
Market Snapshot:
- Dow Jones +65.88 points (+0.14%) to 47,951.85
- Nasdaq +313.04 points (+1.38%) to 23,006.36
- S&P 500 +53.33 points (+0.79%) to 6,774.76
Hong Kong Stocks
Hong Kong’s major indices traded higher by midday, with most technology stocks advancing. Meituan rose over 2%, while NetEase, Baidu, and Tencent gained more than 1%. Lenovo was the notable laggard, slipping over 1%.
Biopharmaceutical stocks outperformed, led by Wuxi AppTec, which jumped more than 6%. Market sentiment improved after the revised US 2026 National Defense Authorization Act passed without naming specific companies under the updated biosecurity provisions. Analysts believe regulatory risks have eased in the near term, allowing the sector to refocus on long-term growth prospects.
Autonomous driving stocks were also active. Youjia Innovation surged over 12% after China’s Ministry of Industry and Information Technology officially announced the country’s first approvals for L3 conditional autonomous driving models. Changan Automobile and BAIC BluePark became the first automakers to receive the licenses, marking a key step toward large-scale commercial deployment.
Market Snapshot:
- Hang Seng Index +0.65% to 25,663.41
- Hang Seng Tech Index +1.14% to 5,480.00
- China Enterprises Index +0.50% to 8,885.67
China A50
Mainland China equities advanced at midday, with broad-based gains across major indices. The Shanghai Composite rose 0.59% to 3,899.31, the Shenzhen Component climbed 0.93% to 13,175.13, and the ChiNext Index added 0.99% to 3,137.73. The STAR 50 Index gained 0.69% to 1,314.99.
Total turnover across Shanghai and Shenzhen markets reached RMB 1.09 trillion, with nearly 4,700 stocks advancing.
Sector-wise, retail, dairy, and controllable nuclear fusion themes led gains, while precious metals stocks retreated after recent strength.
Market Snapshot:
- Shanghai Composite +0.59% to 3,899.31
- Shenzhen Component +0.93% to 13,175.13
- ChiNext Index +0.99% to 3,137.73
Risk Disclosure
Trading Securities, Futures, CFDs and other financial products involve high risks due to the rapid and unpredictable fluctuation in the value and prices of these underlying financial instruments. This unpredictability is due to the adverse and unpredictable market movements, geopolitical events, economic data releases, and other unforeseen circumstances. You may sustain substantial losses including losses exceeding your initial investment within a short period of time.
You are strongly advised to fully understand the nature and inherent risks of trading with the respective financial instrument before engaging in any transactions with us. When you engage in transactions with us, you acknowledge that you are aware of and accept these risks. You should conduct your own research and consult with an independent qualified financial advisor or professional before making any financial, trading or investment decisions. This blog may contain speculative statements regarding future expectations, plans, or projections based on information and assumptions currently available to D Prime. Although D Prime considers these assumptions reasonable, such statements involve risks, uncertainties, and factors beyond D Prime’s control, and actual outcomes may differ significantly.
Disclaimer
This information contained in this blog is for general informational purposes only and should not be considered as financial, investment, legal, tax or any other form of professional advice, recommendation, an offer, or an invitation to buy or sell any financial instruments. The content herein, including but not limited to data, analyses and market commentary, is presented based on internal records and/or publicly available information and may be subject to change or revision at anytime without notice and it does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance.
D Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and disclaim any and all liability for any direct, indirect, incidental, consequential, or other losses or damages arising out of or in connection with the use of or reliance on any information contained in this blog. The above information should not be used or considered as the basis for any trading decisions or as an invitation to engage in any transaction.
D Prime does not guarantee the accuracy or completeness of this report and assumes no responsibility for any losses resulting from the use of this report. Do not rely on this report to replace your independent judgment. You should conduct your own research and consult with an independent qualified financial advisor or professional before making any financial, trading or investment decisions.
