Nia Warfield6/9/25

Stocks stay level as US-China trade talks kick off

Stocks got a small boost as US and Chinese officials met in London to continue trade talks, following temporary tariff cuts from both sides aimed at easing tensions. The S&P 500 eked out a 0.09% gain, well off of session highs, while the Nasdaq 100 added 0.17% and the Russell 2000 climbed 0.57%.

Consumer discretionary, materials, and tech were the top-performing sectors, while utilities and financials lagged. Chip stocks including On Semiconductor and AMD helped fuel the gains, as investors grow hopeful that talks will help loosen semiconductor export restrictions. Meanwhile…

Warner Bros. Discovery shares jumped as much as 10% before closing down 3% after the media giant announced plans to split into two publicly traded companies.

Apple shares ticked 1% lower after the tech giant’s highly awaited AI software and Apple Intelligence updates missed the mark at its annual Worldwide Developers Conference.

Shares of Robinhood Markets fell 2% after speculation that the brokerage platform would be added to the S&P 500 failed to pan out. (Sherwood News is an editorially independent subsidiary of Robinhood.)

Tesla, which started the day down following two analyst downgrades, managed to end the day up 4.5% after CEO Elon Musk reposted some President Trump-adjacent tweets, signaling a possible cooling to the pair’s public feud.

Shares of IonQ traded up as much as 11%, but gave back much of those gains by the close after the quantum computing company said it would acquire British startup Oxford Ionics.

Metsera jumped nearly 11% after the obesity treatment startup reported encouraging early trial results for its MET-233 drug candidate

Intuitive Surgical sank more than 5% after Deutsche Bank analysts gave stock a rare “sell” rating as competition in the robot surgery space finally starts to heats up.

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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.

Web Summit Vancouver 2026 - Day Three

markets

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.

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.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

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

markets

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.”

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