Research firm CFRA initiates coverage of SpaceX (SPCX.O) with a Sell rating and $115 price target.

Guangzhou released its Commerce Development 15th Five-Year Plan (public consultation draft), targeting annual transaction volume in specialized markets to exceed 2 trillion yuan by 2030 to consolidate its role as a core platform of an international trade center. The draft aims to establish 30 public-service platforms for specialized markets by 2030 and estimates direct and indirect employment effects of about 2.2 million across trade services, innovation and entrepreneurship, cultural-tourism consumption and logistics support.

U.S. stocks closed higher on Thursday after Trump said a U.S.-Iran deal could be signed in Europe this weekend. The Dow rose 1.86%, the S&P 500 gained 1.75% and the Nasdaq Composite advanced 2.5%. Intel (INTC.O) and Super Micro (SMCI.O) jumped 9%, NVIDIA (NVDA.O) rose 2% and Tesla (TSLA.O) climbed just over 4%. The Nasdaq Golden Dragon China Index added 0.24%; Alibaba (BABA.N) and JD.com (JD.O) fell more than 1%.