Nia Warfield, Luke Kawa6/23/25

Stocks surge, oil tumbles as traders decide worst is over after ineffectual Iranian response to US strikes

While markets were a bit jittery Sunday night following US strikes on Iran this weekend, a relatively minor response from Iran renewed risk appetite as traders saw de-escalation as the most likely path forward. The S&P 500 rose nearly 1%, while the Nasdaq 100 and Russell 2000 closed up 1.1%.

West Texas Intermediate prices tumbled 8%. Crude has now completely round-tripped and is trading below levels seen when Israel first attacked Iran.

Oil giants including Halliburton, Schlumberger, and Devon Energy were among the biggest decliners in the S&P 500 after Iran’s retaliatory strike on a US airbase in Qatar came without casualties. Investors stayed optimistic that tensions may ease soon. The bottom slot on the leaderboard, however, went to Super Micro Computer, as traders reacted negatively to a convertible debt offering.

Tesla, meanwhile, led gainers, rising 8% after the company’s long-awaited robotaxi made a successful debut in Austin.

Elsewhere…

Airlines including Delta, United, and American (with routes to Tel Aviv, Dubai, and Doha) slipped early in the session following US strikes on Iran, but ended the day in the green.

Payments provider and financial services technology company Fiserv jumped 4% after it announced it plans to launch a digital asset platform and a stablecoin by the end of the year.

Estée Lauder rose nearly 5% after Raymond James upgraded the stock, citing a supply chain pivot away from China and signs that global beauty demand may be bottoming.

Hims & Hers sank almost 35%, its biggest single-day drop ever, after pharma giant Novo Nordisk said it’s ending its short-lived partnership with the telehealth company.

CoreWeave shares sank 5% on no obvious news as the AI cloud computing company gave back some ground after last week’s 25% rally.

On the flip side, AI data center supplier Arista Networks surged more than 6% on a massively bullish tilt in options activity.

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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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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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