Market news
Crypto, stocks, forex and macro, aggregated for traders.
Tesla Pauses for Next Break Higher as Bulls Hold Above 436
Tesla's recovery above 436 in May signals continued bullish momentum after the decline from December highs to April 2026 lows, with bulls still active.
Netflix Slumps as Chip Selloff Persists, S&P 500 Near Record
Netflix shares fell amid a continued selloff in chip and space stocks. The S&P 500 remains just 1% below its all-time high, suggesting the risk-off move has not yet destabilized broader markets.
US Stock Markets Drop on Tech Losses
US equities fell as the tech sector suffered substantial losses, dragging Nasdaq and S&P 500 lower. Positive economic data and a decent start to earnings season failed to offset the decline.
Tech stocks slide as Google Gemini delay adds to sector jitters
Tech stocks continue to fall for a full 24 hours, with futures pointing down. The decline is driven by a South Korean holiday, US and Japanese market closures, and reports of a delay in Google's Gemini AI model.
Volvo Cars Expands Commercial Performance Program Across Europe
Volvo Cars' commercial chief announced the launch of a new commercial performance program in Germany, set to expand across key European markets, expecting a significant boost to future performance.
Volvo Cars CEO: No Further Delay to Košice Factory, Confident in Plant Utilization
Volvo Cars' CEO stated there is no expected further delay to the Košice factory in Slovakia and expressed confidence in plant utilization, adding that Ghent operations will not affect Slovakia plans.
Danske Bank Q2 Beats Estimates, Raises Net Income Guidance
Danske Bank reported Q2 earnings that beat analyst expectations on total income and net income, while raising its full-year net income guidance.
Nikkei Plunges Over 4% as Asian Stocks Follow US Tech Sell-Off
Asian stock markets fell sharply on Friday, with Japan's Nikkei index dropping over 4%, tracking a steep sell-off in US technology stocks the previous day.
Apple Elliott wave analysis sees final leg of rally before decline
An Elliott Wave analysis suggests Apple (AAPL) is in the final leg of an impulse rally from a June 2026 low, after which a corrective decline is expected.
Coca-Cola Suspends U.S. Fairlife Production After Ransomware Attack
Coca-Cola has temporarily halted production of its Fairlife brand in the U.S. following a ransomware cyberattack that compromised parts of its production systems. The company is investigating the breach while working to restore operations.
Chip Stocks Slide as Strong Earnings Fail to Calm AI Concerns
Semiconductor stocks fell despite robust earnings reports, as lingering doubts about the AI trade and a mix of smaller headwinds weighed on sentiment in thin summer trading.
Coca-Cola's Fairlife Halts US Production After Ransomware Attack
Coca-Cola's Fairlife brand temporarily suspended U.S. production following a ransomware incident that disrupted system access. The company says product quality and safety remain unaffected, and Canadian operations are not impacted.
Intuitive Surgical Q2 Revenue Beats Estimates, EPS $2.80 vs $2.50 Est.
Intuitive Surgical reported Q2 revenue of $2.892B, beating the $2.820B consensus. Adjusted EPS of $2.80 also topped the $2.50 estimate, and the company guided for FY da Vinci procedure growth of ~13.5%-15.5%.
Netflix Q2 EPS Beats, Revenue Misses, Q3 Outlook Below Estimates
Netflix reported Q2 earnings per share of $0.80, beating estimates of $0.79, but revenue of $12.56B fell short of the $12.58B consensus. Q3 guidance came in below expectations, with EPS forecast at $0.82 vs. $0.84 est. and revenue at $12.86B vs. $13.0B est.
Merck Wins FDA Approval for First Oral PCSK9 Inhibitor Lipfendra
Merck announced FDA approval of Lipfendra (enlicitide), the first once-daily oral PCSK9 inhibitor for lowering LDL cholesterol, bolstering its post-Keytruda pipeline with multi-billion-dollar sales potential.
Google Engineers Frustrated Over Slow AI Development Pace
Internal frustration is growing among Google engineers and managers over the pace of AI development, with some employees worried the company is losing its competitive edge to Anthropic and OpenAI.
AXA to Sell Entire 10% Ardian Stake; ACM and Wafra Invest
AXA will divest its 10% stake in private equity firm Ardian, with ACM increasing its ownership to 23% and Wafra investing additional capital. Ardian employees remain the largest shareholder group at about 40%, and the transaction is expected to close between late 2026 and early 2027.
Dow Jones Rises 0.3% While S&P 500, Nasdaq Decline
The Dow Jones Industrial Average gained 160 points (0.3%) on Thursday, while the S&P 500 slipped 0.2% and the Nasdaq Composite declined, highlighting a divergence among major indices.
Investors Flee Chip Rout, Seek Shelter in FTSE 100
FTSE 100 stocks with little direct AI exposure are outperforming as investors exit the chip sector, according to analyst Chris Beauchamp.
Retail Investors Cash Out Tech Profits, SanDisk Leads with $125M Sales
Retail investors sold $125 million in SanDisk stock last week, the largest single-stock sale, followed by Apple and Tesla. Total retail turnover in single stocks hit a record $370 billion.
TSMC Price Target $700 Amid Super Cycle
Analysts highlight Taiwan Semiconductor (TSM) as a key player in a grand super cycle, with a price target of $700 emphasizing its strategic importance in global technology.
Micron Stock Extends Losses, Down 15% in Two Days
Micron Technology shares fell sharply, extending a two-day decline to 15% as the memory chip selloff intensifies. The stock is now over 30% below its June 22 record high.
UnitedHealth Stock Surges Over 8% on Strong Q2 Earnings, Up 75% From March Low
UnitedHealth shares jumped more than 8% after reporting better-than-expected Q2 results. The stock is now up over 75% from its March 27 low.
Lilly to Acquire Atai Life Sciences for $2.8B Upfront Plus CVR
Eli Lilly will acquire Atai Life Sciences for $6.75 per share in cash plus up to $2.50 per share in contingent value rights, valuing the deal at $2.8 billion upfront with potential additional $1 billion. The transaction is expected to close in the third quarter, subject to regulatory approvals.