Market news
Crypto, stocks, forex and macro, aggregated for traders.
S&P 500 stalls after premarket bounce, breadth remains weak
Heavy premarket selling pushed S&P 500 futures near 5,470, where buyers stepped in, but gains stalled within 30 minutes. Only the Nasdaq managed to rise, yet it failed to flip breadth or the QQQ/SPY ratio bullish.
SpaceX Shares Fall Below $135 IPO Price, Down 40% from June High
SpaceX shares dropped below their initial listing price of $135 for the first time, declining 40% from a June intraday high of $225.
Momentum Stock Volatility Hits Record 4x vs S&P 500
The 3-week volatility of momentum stocks relative to the S&P 500 has surged to a record 4.0x, more than quadrupling in recent weeks. This group, including AI-driven names like Nvidia and Palantir, has seen its index drop 24% in July, on track for the worst month since 2008.
Fahmi Quadir, Known for Wirecard Short, Charts New Career Path
Prominent short seller Fahmi Quadir, who exposed fraud at Wirecard and other companies, is moving on from activist short selling to a new chapter in her career.
Moomoo expands crypto trading to Texas and launches Direct Crypto Deposit & Withdraw
Moomoo (NASDAQ:FUTU) expanded cryptocurrency trading to Texas, offering 52 coins with $0 commission and a 0.49% fee, and launched a Direct Crypto Deposit & Withdraw feature for U.S. users.
Schwab Announces Its Summer Business Update
Charles Schwab will host its Summer Business Update via live webcast on July 21, with CEO Rick Wurster and CFO Mike Verdeschi participating.
SpaceX in Talks with Pentagon for Compute Power Deal Worth Several Billion Dollars
SpaceX is reportedly in discussions with the US Pentagon to provide compute power, with a potential agreement valued at several billion dollars, according to the Wall Street Journal.
Dow Jones Falls Nearly 300 Points on Hawkish Comments
The Dow Jones Industrial Average trades near 52,250 on Friday, dropping nearly 300 points amid hawkish commentary.
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.