CHICAGO, IL - DECEMBER 21: Chicago Bulls mascot "Benny" dunks a ball dressed as Santa Claus during a break in a game between the Bulls and the Philadelphia 76ers at the United Center on December 21, 2010 in Chicago, Illinois

(Jonathan Daniel/Getty Images)

S&P 500 closes just shy of record as the Fed cuts interest rates

The rally was broad-based, with all sector ETFs gaining except for utilities.

12/10/25 4:02PM

All major US indexes climbed higher as the Federal Reserve lowered its policy rate by 25 basis points to a range of 3.5% to 3.75% in its final scheduled meeting of 2025. The Russell 2000 outperformed, closing at a new all-time high as small-caps especially benefit from easing. The rally was broad-based, with all sector ETFs gaining except for utilities.

While the move was nearly universally expected by both economists and prediction markets, stocks climbed higher during Fed Chair Jerome Powell’s press conference. The central bank also implied that policymakers aren’t in a hurry to cut rates going forward (emphasis added): “In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks.”

Stocks that moved higher:

Nextdoor skyrocketed after Eric Jackson, architect of the rally in Opendoor Technologies, laid out a bullish thesis for the neighborhood social media platform.
Palantir’s stock price got a boost after announcing a new deal — valued at $448 million — with the US Navy to manage its submarine maintenance and supply chain.
Micron rose higher on a price target hike from Citi as prices for its core DRAM memory products spike.
EchoStar soared after Morgan Stanley analysts upgraded the stock ahead of SpaceX’s potential IPO.
GE Vernova jumped after the maker of power generation equipment raised its multiyear earnings forecast and doubled dividends amid the AI-powered electricity boom.

Stocks that moved lower:

GameStop fell after yesterday’s earnings call, where the video game and collectibles retailer reported that its Q3 revenues dipped about 5% year on year.
Hims & Hers slipped after federal lawmakers introduced a bill that would limit its ability to sell copies of blockbuster weight-loss drugs made by Eli Lilly and Novo Nordisk.
Amazon’s announcement that it more than doubled its same-day grocery cities since August sent shares of Instacart lower.

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7/13/26

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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7/2/26

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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7/1/26

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

S&P 500 closes just shy of record as the Fed cuts interest rates

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SpaceX gets a wave of bullish ratings from Wall Street analysts

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

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