Snowflake surged 16.55% on a blowout earnings beat, and Fed Governor Waller's dovish tilt sent September rate-hike odds tumbling. All three US indices closed up more than 1%. Tesla's Cybercab officially went live in Austin, but the invite-only rollout left investors wanting more. Let's dig in 👇

💬 Waller wants "one more meeting" of patience on rates — is Wall Street getting ahead of itself before tonight's jobs report?

📊 Quick Recap — What Moved & Why

🇺🇸 US — Snowflake Soars 16% as Wall Street Rallies on Waller's Dovish Turn

🔑 Key Event:$Snowflake(SNOW.US) closed +16.55% after a Q2 beat (revenue +35% YoY) and raised guidance on strong AI-tool demand. Fed Governor Waller signaled support for holding rates steady in September if August inflation keeps improving, pulling hike odds down to 52% from 63% the prior day. All three US indices closed up over 1% ($Dow Jones Industrial Average(.DJI.US)+1.18% to 53,686, $S&P 500(.SPX.US)+1.06% to 7,748, $NASDAQ Composite Index(.IXIC.US)+1.40% to 26,584).

👀 Other to Watch

• $Broadcom(AVGO.US) → -2.74% even after issuing its first-ever FY2028 AI revenue target ($230B) and revealing Anthropic will become its largest chip customer by FY2027.

@koolgal : Broadcom operates a high-margin, custom-silicon monopoly that captures revenue straight from the physical backbone of the AI buildout. This downturn is a gift for disciplined long-term investors.

• $NVIDIA(NVDA.US) → +1.80% after agreeing to buy AI platform Hugging Face for $12.93B, its largest-ever deal, expanding beyond chips into software.
• $Tesla(TSLA.US) → +5.42% as its Cybercab officially began operating in Austin, but the invite-only launch had no fleet-scale details; shares slipped after-hours as NHTSA said it's evaluating the rollout.

@Tonc : Tesla rallied while the broader hardware sector stayed weak — a real breakout to new highs would likely need both lower bond yields and a fresh wave of excitement around robotics.

• $Gopro(GPRO.US) → swung from a premarket pop to -16.56% by the close, after law firms opened investigations into whether its Starman Optical sale fairly values shareholders.
• $Hewlett Packard Enterprise(HPE.US) → +34% revenue growth beat, guidance raised, even as $Lululemon(LULU.US) fell on its first negative comp-sales quarter since the pandemic and a second straight guidance cut.
• Tonight's US non-farm payrolls (8:30pm SGT) → consensus expects about +56,000 jobs added in August.

🇸🇬 Singapore — STI Hits a Fresh 52-Week High

🔑 Key Event:$FTSE Straits Times Index(STI.SG) closed at 5,747.71 Thursday, then climbed +0.86% Friday morning to around 5,797 — its intraday high of 5,807.16 confirmed as a genuine fresh 52-week high (topping the prior peak of 5,774.21 set Aug 11).

👀 Other to Watch

• All three local banks are climbing with it, also near their own 52-week highs: $DBS(D05.SG)+0.89% to S$78.64, $OCBC Bank(O39.SG)+1.13% to S$32.28, $UOB(U11.SG)+0.77% to S$42.06.

@melph : OCBC has been a pleasant surprise in my portfolio — I'm still holding and enjoying both the capital appreciation and dividends, and haven't felt the need to chase the stock higher.

@TheInvestingIguana : The number I keep coming back to on DBS is the yield, not the multiple. Someone who bought years ago at S$30 is sitting on the same dividend at a yield closer to 10.6% — same stock, same payout, two completely different income realities depending on when you got in.

🇭🇰 HK/China — HSI Rebounds Sharply Friday Morning

🔑 Key Event:$Hang Seng Index(00HSI.HK) dipped -0.39% Thursday to 25,213, then rebounded +2.22% intraday Friday morning, led by Chinese tech and financials (Tencent, Alibaba, JD.com, HSBC all higher).

👀 Other to Watch

• $NASDAQ Golden Dragon China Index(.HXC.US) fell 0.83% Thursday as US-listed China tech names broadly softened.

🌍 Other

• 🇨🇦 Canada → PM Mark Carney confirmed retaliatory tariffs on US steel, dairy, appliances, farm equipment, pulp/paper and electronics will start Sept 8, after trade talks collapsed in late August.
• 🌍 Gold and oil → gold reportedly touched $4,548/oz intraday before steadying, while oil eased back as Middle East tensions showed signs of cooling.

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🚫 No duplicates · ⏰ Deadline: Sept 4, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏