The Weekend Rip | |
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Markets were closed Monday for Memorial Day, then traders spent the shortened week chasing AI infrastructure like it owed them money. Micron, Dell, Anthropic, MongoDB, Snowflake, Marvell, Oracle, and Qualcomm kept the compute trade alive, while falling oil and ceasefire hopes helped offset messy Iran headlines and another hot inflation print. By Friday, tech was carrying the tape, energy was fading with crude, retail earnings were squeezing on low expectations, and space stocks had turned into a full proxy-trade carnival around SpaceX IPO fever, Blue Origin launch risk, and Virgin Galactic confusion. | |
Let's recap and prep you for the week ahead. | |
On Monday,the market was closed for Memorial Day. Thank you to all who gave their lives for this beautiful country. | |
Tuesday : The market started the short week higher as Micron’s trillion-dollar AI-memory rip dragged tech, semis, and small caps back into chase mode. Iran ceasefire hopes stayed messy after fresh U.S. strikes, but falling oil and easing yields gave traders room to keep pressing risk. Space proxies caught a SpaceX IPO bid, Qualcomm found a ByteDance AI chip door, and energy got clipped while the growth trade did laps. | |
Wednesday : The Dow hit a record, oil cooled, and the broader market slipped while earnings took over after the bell. AI infrastructure stayed the favored trade, with Snowflake and Marvell getting rewarded while Salesforce had to defend mature SaaS growth. Robinhood launched AI-agent trading, Digital Turbine squeezed higher, and Zscaler proved that even a beat can get buried if cash-flow guidance smells funny. | |
Thursday : The market climbed as AI earnings, drone-policy mania, and falling oil helped traders look past another hot PCE print. Anthropic’s $965B valuation, Dell’s blowout, and MongoDB’s after-hours fakeout kept the AI infrastructure chase alive. Retail earnings were not exactly beautiful, but Dollar Tree, Best Buy, and Kohl’s proved expectations were low enough to clear with a running start. | |
Friday : The market climbed as Dell’s AI server blowout gave traders one more reason to keep chasing the infrastructure trade. The rally was narrow, with tech carrying the week while energy and staples lagged as crude cooled on ceasefire hopes. Space stocks turned chaotic, with Blue Origin’s New Glenn explosion hitting the basket while Virgin Galactic squeezed on settlement news and SpaceX IPO confusion. | |
This week's StocksTop 25 showed how momentum movers fared vs. the indexes. | |
Here are the closing prices: | |
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THE BRIEF | |
Need a concise summary of what's going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data. | |
Earnings This Week | |
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Above is a quick summary. Check out the full Stocks earnings calendar for the other names reporting this week. | |
Economic Calendar | |
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In addition to the above, check out this week's complete list of economic releases. |
