Daily Wrap · September 25, 2026 Friday

After Hours: one headline after another, Composite 1,108.59

Old Joe with you. The headlines came one after another today, so I'll go through the news first and the market after. Composite 1,108.59, +0.56%.

The headline everyone was passing around was "The city passes corporate and personal income-tax cuts". The Authority has passed a three-year tax cut, lowering corporate tax bills and lifting household disposable income. Consumer and internet platform names benefit most directly, while price-regulated Utilities see limited gains.

And that wasn't the only one. There was also "A key port shuts down and manufacturing deliveries across the city slip" and "Institutions across the city raise their AI computing spending plans in unison". That many stories in one day is unusual.

The name everyone was talking about was Oil Baron Energy (XONM), closing at 153.46, +10.77%. Milemark Digital (MRAX) added 10.37% too.

At the other end, Coreforge Graphics (NVHD) gave up 6.40%, the biggest drop of the day. Cavva Kitchens (CVAA) didn't fare much better, -5.41%.

Across the city, 23 names up and 14 down, on turnover of 4.84B CC.

All right, that's tonight. Get some sleep, all of you.

Index

Close: 1,108.59
Change: +0.56%
Prev close: 1,102.40
Open: 1,102.46
High: 1,110.37
Low: 1,097.36
Up / Down / Flat: 23 / 14 / 0
Turnover: 4.84B CC
Volume: 33.02M shares

Top gainers

Company	Sector	Close	Change	Turnover
XONM Oil Baron Energy	Energy	153.46	+10.77%	103.30M CC
MRAX Milemark Digital	Internet & Software	37.77	+10.37%	83.00M CC
FCOP Liberty Copper	Materials	52.47	+9.35%	121.25M CC
RGLX Regal Gold Royalties	Materials	375.08	+7.89%	47.45M CC
HIMX HimWell Health	Healthcare	57.73	+6.57%	60.61M CC

Top losers

Company	Sector	Close	Change	Turnover
NVHD Coreforge Graphics	Tech Hardware	150.18	-6.40%	417.84M CC
CVAA Cavva Kitchens	Consumer	90.56	-5.41%	29.87M CC
CELX Fahrenheit Beverages	Consumer	74.26	-5.36%	43.97M CC
EWBA Coast to Coast Bancorp	Financials	88.63	-5.23%	26.59M CC
GKOX Irisview Medical	Healthcare	151.31	-4.68%	31.60M CC

Most traded

Company	Sector	Close	Change	Turnover
MEFA Metaface	Internet & Software	514.04	+6.01%	494.39M CC
TNLA Tessera Motors	Autos & Mobility	276.31	-4.57%	490.32M CC
GUGL Goodle Networks	Internet & Software	225.31	+0.69%	461.76M CC
AMZX Amazoom	Internet & Software	339.46	+2.91%	435.14M CC
JYFT Macrohard	Internet & Software	435.36	+5.70%	430.96M CC

Sector

Sector	Listings	Average change	Most volatile
Materials	2	+8.62%	Liberty Copper +9.35%
Energy	3	+7.32%	Oil Baron Energy +10.77%
Internet & Software	10	+3.15%	Milemark Digital +10.37%
Real Estate	3	+2.12%	Grandhall Hospitality +3.11%
Utilities	2	+0.73%	NextEon Energy +1.90%
Defense & Aerospace	2	+0.71%	Nucore Technologies +0.72%
Healthcare	3	+0.06%	HimWell Health +6.57%
Financials	3	-1.25%	Coast to Coast Bancorp -5.23%
Autos & Mobility	2	-3.60%	Tessera Motors -4.57%
Consumer	4	-3.96%	Cavva Kitchens -5.41%
Tech Hardware	3	-4.45%	Coreforge Graphics -6.40%

That day's news

City-wideThe city passes corporate and personal income-tax cuts
The Authority has passed a three-year tax cut, lowering corporate tax bills and lifting household disposable income. Consumer and internet platform names benefit most directly, while price-regulated Utilities see limited gains.
City-wideA key port shuts down and manufacturing deliveries across the city slip
A fictional hub port has shut down, pushing back electronics and vehicle delivery schedules across the city and lifting spot prices for raw materials.
City-wideInstitutions across the city raise their AI computing spending plans in unison
Several fictional institutions in MockTradeCity have raised their compute investment budgets at once. Chip and data center demand expectations climb, and the power load that comes with them rises in step.
City-wideA neighboring state restricts advanced-chip exports, squeezing the city's hardware supply
Export licenses for high-end chips and manufacturing equipment have been tightened, stretching delivery times for the city's hardware makers. Expectations for local substitutes and defense procurement rise.
Internet & SoftwareSeveral Internet & Software companies see subscription renewal rates slip
A sector-wide move in Internet & Software: Some customers are trimming seats and deferring renewal decisions.
ConsumerSeveral Consumer companies slow the pace of store openings
A sector-wide move in Consumer: Site availability and rent terms slowed new store openings.
MaterialsSeveral Materials companies draw down inventory faster than expected
A sector-wide move in Materials: Downstream restocking demand accelerated shipments.
Internet & SoftwareSeveral Internet & Software companies disclose open platform operating data
A sector-wide move in Internet & Software: API calls and the developer base are holding steady.
Tech HardwareSeveral Tech Hardware companies carry channel inventory above comfortable levels
A sector-wide move in Tech Hardware: Slower end-market sell-through has pushed up channel inventory days.
HealthcareSeveral Healthcare companies hit interim targets in key validation
A sector-wide move in Healthcare: Quality, stability and efficacy metrics have all cleared preset thresholds.
Internet & SoftwareSeveral Internet & Software companies complete staged rollouts of new releases
A sector-wide move in Internet & Software: Core metrics during the staged rollout are within the watch range.
Tech HardwareSeveral Tech Hardware companies lower near-term R&D milestone expectations
A sector-wide move in Tech Hardware: A key engineering milestone is running behind its original date.
EnergySeveral Energy companies report new exploration finds
A sector-wide move in Energy: Preliminary appraisal of the new blocks is above expectations.
Tech HardwareSeveral Tech Hardware companies ramp new production lines slower than planned
A sector-wide move in Tech Hardware: Yield swings during commissioning have pushed back full-capacity output.
Internet & SoftwareSeveral Internet & Software companies publish subscription renewal figures
A sector-wide move in Internet & Software: Renewal rates and the customer mix show no notable change.
Internet & SoftwareSeveral Internet & Software companies grow cloud usage faster than expected
A sector-wide move in Internet & Software: Enterprise usage and renewal rates are improving together.
FinancialsSeveral Financials companies accelerate fee income growth
A sector-wide move in Financials: Wealth management and settlement businesses are both contributing more.
APLXPear Technologies: Supply chain and product yields ahead of plan
Pear Technologies reports on supply chain and product yields: The next-generation product has passed key stability validation. Current business focus: Designs smartphones, operating systems and wearables, and runs an app store, cloud subscriptions and a support ecosystem.
NVHDCoreforge Graphics: New architecture validation update
Coreforge Graphics reports on new architecture validation: Component lead times and inventory cover days are holding steady. Current business focus: Designs AI accelerator chips, GPUs, parallel-computing platforms and data-center interconnects.
GUGLGoodle Networks: Cloud services orders ahead of plan
Goodle Networks reports on cloud services orders: Conversion on ads and value-added services is improving together. Current business focus: Search, digital advertising, cloud, a voice assistant, video and autonomous-driving technology.
NXEENextEon Energy: Power load update
NextEon Energy reports on power load: Current tariffs remain unchanged during the review period. Current business focus: Operates regulated power networks and invests in wind, solar, storage and transmission.
GUGLGoodle Networks: Cloud services orders under short-term pressure
Goodle Networks reports on cloud services orders: Ad load density was reduced to protect the user experience. Current business focus: Search, digital advertising, cloud, a voice assistant, video and autonomous-driving technology.
BOINBroadwing Aerospace: Defense and space contracts under short-term pressure
Broadwing Aerospace reports on defense and space contracts: Reliability qualification of the replacement parts needs additional cycles. Current business focus: Commercial jets, defense aviation systems, space equipment and fleet services.
NVHDCoreforge Graphics: Data center deliveries under short-term pressure
Coreforge Graphics reports on data center deliveries: Slower end-market sell-through has pushed up channel inventory days. Current business focus: Designs AI accelerator chips, GPUs, parallel-computing platforms and data-center interconnects.