MarketCatalystStablecoin Development Corporation shares have surged from under $1 to above $9 in days on volume nearly 100 times normal — even as the company itself told the NYSE American there's been no new material development to explain the move.
Seagate fell as much as 11% and Western Digital 7% after Nikkei reported Toshiba plans to double its data-center HDD capacity by fiscal 2027 — raising fears that the tight supply behind both stocks' huge 2026 rallies is about to loosen.
Micron beat fiscal Q4 estimates on both lines, with EPS of $33.42 topping consensus by $1.70 and revenue up 379% year-over-year to $54.23 billion — then guided next quarter's numbers well above what Wall Street was expecting.
The S&P 500 sits near record highs while Meta and AMD (+29.1% each) do the heavy lifting — only about one in four stocks traded above their 50-day average in September, and the equal-weight ETF fell roughly 4.5% even as the headline index held firm.
August core inflation cooled to 3.01%, well below forecasts, sending stock futures higher and yields lower — a surprise strong enough to override an ADP jobs beat and an upward GDP revision, and to shift Fed odds toward holding rates steady in October.
The 30-year Treasury yield touched 5.62% intraday, its highest since 2002, before fading on a dovish signal from Fed voter John Williams — while stocks split along rate-sensitivity lines and Trump hosted tech CEOs to talk AI policy.