8/12/24

US stocks go nowhere as market-moving data looms

Just seven days after a panicked sell-off, US stocks had a much calmer start to the week, as investors waited for direction ahead of a series of potential market-moving events.

The S&P 500 was unchanged, the tech-heavy Nasdaq 100 was up 0.2%, and the Russell 2000 slipped 0.9%.

Investors are expecting this week to shed more light on the health of the economy, which had recently been called into question. The Consumer Price Index for July is slated for release on Wednesday, while retail sales will be announced on Thursday. Any deceleration in consumer spending could enhance fears of about softening demand and the economic outlook.

Additionally, concerns over the Middle East conflict escalated, as officials anticipated a possible Iranian attack on Israel. Geopolitical risk appeared to weigh on investor confidence, with markets giving back early gains following this news.

Major crude oil indexes also gained, with the US benchmark West Texas Intermediate rallying 3.7%, briefly topping $80 per barrel. Gold prices also increased by more than 1% on Monday, approaching all-time highs.

The S&P tech sector ETF was the best performer, up 0.8%. Aside from that, only energy and utilities finished in the green.

Shares of Trump Media & Technology Group, the company behind social media platform Truth Social, fell 5.1%. Its investors appeared to be nervous after Elon Musk said that he would interview Trump at 8 p.m. Eastern Time tonight on X, as well as seeing the former President posting for the first time on X since August, 2023.

KeyCorp was the best performing S&P 500 stock, up 9.2% on Monday. This followed the announcement that the Bank of Nova Scotia would acquire 14.9% of the U.S. regional bank, valued at $2.8 billion.

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Nia Warfield, Luke Kawa

S&P 500 goes nowhere, Nasdaq 100 hits another record, small-caps tumble

Warner Bros. Discovery led gains for the second day in a row, and only three S&P 500 sector ETFs finished in the green.

Horse Ranch In Zhangye

markets

9/12/25

Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

Oracle Wall Street Revisions

Analysts revise up anything and everything they thought about Oracle

After the company’s bombshell earnings this week, Wall Street thinks Oracle’s trajectory has changed.

Matt Phillips9/12/25

markets

9/12/25

Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks.

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

markets

9/12/25

Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’s “big, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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