Noon Market Summary: Nasdaq Up 1.19% as Trump’s Greenland Tensions and Energy Rally Drive Gains; Gold Hits $4,852.90

The U.S. market surged at noon, with the Nasdaq Composite leading gains of 1.19% to $23,227.46, while the S&P 500 rose 1.00% and the Dow Jones climbed 0.89%. Commodities saw mixed action, with gold futures spiking 1.83% to a record $4,852.90 amid Trump’s escalating Greenland and tariff threats, while energy stocks surged over 2% on geopolitical tensions. The broader market sentiment remained bullish, driven by strong performances in energy, tech, and materials sectors.

Hot Stocks

Tech Giants:

• Intel (INTC): +10.16%
• AMD (AMD): +8.16%
• Arm Holdings (ARM): +8.47%
• Nvidia (NVDA): +2.81%
• Microsoft (MSFT): -0.66%

Energy/Chip Stocks:

• Teledyne (TDY): +8.82%
• Korea Electric Power (KEP): +8.34%
• EQT (EQT): +5.57%
• Coherent (COHR): +6.74%

Biotech/Chinese ADRs:

• Moderna (MRNA): +8.21%
• Baidu (BIDU): +7.17%
• BioNTech (BNTX): +5.63%

Momentum Movers:

• PAVmed (PAVM): +256.46%
• Global Interactive (GITS): +169.01%
• JBDI Holdings (JBDI): -13.12%

Macro & Corporate News

1. Trump’s Greenland and Tariff Threats Spur Gold Rally

President Trump’s insistence on acquiring Greenland and threats of 10%–25% tariffs on European goods sent gold futures to a record $4,852.90 (+1.83%), while the dollar weakened. The EU suspended its trade deal with the U.S. as tensions escalated, with von der Leyen warning of retaliatory measures.

2. Energy Sector Surges on Geopolitical Uncertainty

The Energy Select Sector SPDR (XLE) jumped 2.08%, with Teledyne (TDY) and Korea Electric Power (KEP) surging over 8%. Arctic cold weather also boosted natural gas prices by 20%, adding to energy demand fears.

3. Trump Proposes 10% Credit Card Rate Cap

Trump’s call for a one-year 10% credit card interest rate cap boosted bank stocks, including Citizens Financial Group (CFG: +6.10%). However, analysts doubt bipartisan support for the proposal, which mirrors a stalled 2023 bill.

4. Teledyne’s Defense Earnings Beat Fuels Industrial Optimism

Teledyne (TDY) reported a 7.3% revenue rise to $1.61B, driven by 40% growth in defense electronics. The stock’s 8.82% gain underscored investor confidence in Trump’s $1.5T 2027 military budget.

5. Crypto Markets Target All-Time Highs in 2024

Ripple CEO Brad Garlinghouse predicted crypto markets would hit record highs in 2024, citing regulatory progress and institutional interest. Galaxy Digital’s new $100M hedge fund, allocating 30% to crypto, reflects growing institutional appetite despite Bitcoin’s 7.1% weekly decline.

6. EU Prepares ‘Trade Bazooka’ for U.S. Retaliation

French President Macron urged the EU to activate its Anti-Coercion Instrument (ACI) to counter Trump’s tariffs, which could impose sanctions on U.S. entities. The ACI, designed to deter economic coercion, would take six months to implement but signals readiness for a trade war.