Emerging Gold Producer New Found Gold Corp. (TSX: NFGC) (NYSE American: NFGC) Gains on Commercial Production at Hammerdown Gold Mine

New Found Gold (NFGC) achieved commercial production at its Hammerdown mine, meeting throughput, recovery, and grade benchmarks. Analyst Rabi Nizami notes this as a positive milestone, anticipating future updates on the Queensway project. Shares rose over 5% to $1.73. Hammerdown produced 9,140 oz. of gold this year, with a PEA projecting 251,287 oz. over 13 years.

Coinbase (COIN), MicroStrategy (MSTR), and Robinhood (HOOD) stocks rose despite the U.S. Senate's rejection of the Clarity Act, which aimed to regulate digital assets. IBIT, a Bitcoin ETF, fell 0.2%, while SPY, an S&P 500 ETF, gained 0.35%. The regulatory focus now shifts to the SEC, CFTC, and the Fed's decision.

Novartis (NVS) shares fell 10% after its experimental drug del-desiran failed a late-stage trial. This is the company's third clinical setback in a week, erasing $29.6B in market value. Novartis reaffirmed its 5-6% annual sales growth target through 2030, but faces pressure on its pipeline and growth plans.

Micron Technology (MU) stock rose 5.5% on September 17 after Intel's CEO warned of a worsening chip shortage, boosting investor confidence in Micron's pricing power. The company, a major U.S. memory chip maker, is set to report fiscal fourth-quarter results on September 30, with revenue expected near $50 billion. Intel's comments highlight tight supply, benefiting Micron and other memory chip manufacturers.

Stocks rebounded Thursday, with the Dow, S&P 500, and Nasdaq rising 0.6%, 1.1%, and 1.7% respectively, after the Fed's rate hike. Nvidia (NVDA) gained 2.5% on AI demand, while Ciena (CIEN) rose 1.1% on strong revenue growth outlook. Generac (GNRC) surged 18.3% after a deal with Amazon (AMZN). Treasury yields and oil prices declined.

Intel (INTC) stock rose 7.6% after reports that SK Hynix is in early talks to use Intel's Ohio facilities. The discussions are exploratory, with no finalized terms. Intel's foundry business has been struggling, and a deal with SK Hynix could validate its turnaround strategy. The rally outpaced broader market gains, suggesting investor reaction to company-specific news.