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S&P 500, Nasdaq 100 post record closing highs as nearly everything rallies

The benchmark US stock index ended up 0.9%, the Nasdaq 100 rose 0.6%, and the Russell 2000 outperformed with a 1.8% gain.

Nia Warfield, Luke Kawa

9/11/25 4:31PM

Some disappointing US economic data didn’t stop the buying on Thursday.

A jump in initial jobless claims and slightly firmer-than-expected inflation were easy hurdles for bulls, who sent the overwhelming majority of the S&P 500 upward on Thursday.

The benchmark US stock index ended up 0.9%, the Nasdaq 100 rose 0.6%, and the Russell 2000 outperformed with a 1.8% gain.

The number of advancers in the S&P 500 outnumbered decliners by 372, the most positive tilt since May 27.

Six S&P 500 sector ETFs rose more than 1%, with materials leading the way higher. Energy was the lone sector ETF in the red, and just barely at that.

Gains on the day were led by Warner Bros. Discovery, which soared almost 29% after The Wall Street Journal reported that Paramount Skydance was preparing an all-cash takeover bid for the media juggernaut. Declines were led by Oracle, which fell 6.3% — not a huge deal given the stock had a massive run on Wednesday after the cloud giant unveiled its massive multiyear sales pipeline. Elsewhere...

Opendoor Technologies spiked nearly 79% after the online real estate company announced that cofounders Keith Rabois and Eric Wu were being added to its board of directors, with Shopify COO Kaz Nejatian joining to be its new CEO.

Tempus AI rose 13.7% after the diagnostics company announced FDA clearance for a new AI-enabled tool to analyze cardiac imagery from MRIs.

Micron jumped 7.5% after Citi boosted its price target to $175 from $150.

Centene soared 9.1% after the health insurer reaffirmed its full-year earnings guidance ahead of the Deutsche Bank 2025 Healthcare Summit this week and offered positive commentary on Medicare enrollee trends.

Shares of Jeep and Dodge maker Stellantis climbed 9.5% after new CEO Antonio Filosa gave upbeat comments at a European auto conference.

Duolingo rose 8.2% after an analyst note painted a more optimistic picture of the gamified language-learning company despite a lack of fresh news.

Hims & Hers gained 8.3% after the telehealth company announced that it had expanded into testosterone treatments on Wednesday.

Delta Air Lines dipped 1.6% even after the airline boosted its third-quarter sales forecast.

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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.

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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

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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, Nasdaq 100 post record closing highs as nearly everything rallies

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SpaceX gets a wave of bullish ratings from Wall Street analysts

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