The Weekend Rip | |
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Stocks pushed to records as AI leadership and easing rate fears kept investors risk-on despite war and oil-supply threats. SpaceX spending, AMD’s slowdown, and unforgiving earnings reactions tested that appetite before weak jobs data revived the bad-news-is-good-news trade. The Dow cleared 54,000, but the rally ended with an uncomfortable bargain: higher stocks built on softer labor and unresolved geopolitics. | |
Let's recap and prep you for the week ahead. | |
Monday 🤖: Semiconductor leadership kept investors risk-on and pushed the Dow through 53,000 despite the Middle East conflict. Palantir and Snap rewarded that appetite after hours with accelerating growth and stronger guidance. Crude’s sharp retreat offered relief, but threats to regional oil shipments kept the geopolitical warning light on. | |
Tuesday 🚀: Stocks returned to records as hopes for a Strait of Hormuz agreement cooled Treasury yields and kept investors leaning risk-on. AI remained the favorite trade until SpaceX’s spending spree and AMD’s slowing momentum turned strong results into after-hours selloffs. The rally survived the closing bell, but the bills landed just after it. | |
Wednesday 🥇: A defensive rotation kept the Dow afloat while tech and energy absorbed the damage. SpaceX’s massive AI bill turned Nvidia into the winner and AMD into collateral, while consumer earnings rewarded companies delivering profits now. Gold surged and SanDisk fell after hours, proving investors wanted protection and perfection at the same time. | |
Thursday 🛢️: The U.S.-Iran conflict and rising crude put the session on defense, with energy holding up while risk appetite faded. Earnings exposed the market’s perfection problem as storage, advertising, beverages, and public-safety tech all fell despite pockets of strong growth. MARA’s $611.3M loss and Trade Desk’s guidance shock kept the after-hours warning light flashing. | |
Friday 🥴: Stocks climbed after a surprise decline in July payrolls lowered expectations for another Fed rate increase. AI enthusiasm, a SpaceX rebound, and an energy-drink leadership revolt gave traders plenty to chase. The celebration came with an awkward catch: Wall Street’s good news was thousands of disappearing jobs. | |
🤩 This week's Stocks Top 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 Stocktwits 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. |
