Nia Warfield, Luke Kawa6/26/25

US stocks rise, S&P 500 misses out on fresh records by a whisker

The S&P 500 came tantalizingly close to both an intraday and closing record but ultimately got neither, closing up 0.8%. The Nasdaq 100 gained about 1% while the Russell 2000 bounced back with a strong 1.7% advance.

Both monetary and trade policy appear to be evolving in a favorable direction for stocks: traders are pricing in over 65 basis points of easing by the Federal Reserve through year-end (versus about 50 basis points for most of the past month or so), and the White House said its July 9 deadline before reciprocal tariffs would be ramped up wasn’t really a hard deadline.

Most S&P 500 sector ETFs rose, with consumer staples and real estate the exceptions. Energy, communication services, industrials, and materials all gained 1%.

Enphase Energy led gains on the day, up nearly 13% on reports that Congress may not slash federal tax incentives for residential rooftop solar installations. Data center company Equinix was the worst performer, down about 10%. Meanwhile...

Core Scientific surged 33% in afternoon trading after The Wall Street Journal reported that CoreWeave is in talks to acquire the company.

Super Micro Computer shares rose over 5.5% on no obvious news, just another wave of bullish call option buying.

McCormick jumped more than 5% after the spice giant posted a surprise Q2 earnings beat and reaffirmed its full-year outlook.

Avis shares climbed 2% as hedge fund Pentwater Capital disclosed it had more than tripled its stake in the rental car company.

Cyngn, a tiny industrial robotics firm, surged more than 170% after highlighting its relationship with Nvidia.

Shares of autonomous vehicle company Pony.ai jumped 12% after The New York Times reported that Uber is in talks with former CEO Travis Kalanick to help fund a potential acquisition.

Kratos Defense dropped more than 2% after announcing plans to sell ~13 million new shares at $38.50 each in a stock offering worth just over $480 million.

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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

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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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