Santoli's Monday market notes: Dip-buying impulse intact, meme stocks reenergized
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CNBC
15 minutes ago
- CNBC
S&P 500 futures rise after benchmark snaps losing streak, Palantir pops on earnings: Live updates
Traders work at the New York Stock Exchange on July 30, 2025. NYSE Stock futures are slightly higher on Monday night, following Wall Street's rebound, as investors followed the latest batch of corporate earnings. Dow Jones Industrial Average futures added 79 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures each also added 0.2%. In extended trading, Palantir shares jumped more than 3% as the defense technology company said revenue surpassed $1 billion for the first time. On the other hand, Hims & Hers Health fell more than 12% after second-quarter revenue missed Wall Street's expectations. Monday night's moves come after a winning day on Wall Street that allowed stocks to recover losses from the prior session. The market tanked on Friday as the latest policy rollout on tariffs and a weak jobs report left investors questioning the health of the economy. All three of the major indexes ended the week in the red. But the S&P 500 was able to jump about 1.5% on Monday, snapping a four-day losing streak. More than four out of every five members of the benchmark average advanced in the session. The technology-heavy Nasdaq Composite surged nearly 2%, while the Dow climbed about 585 points to erase its Friday loss. The small-cap focused Russell 2000 jumped more than 2%. "You have to respect the momentum that the market has had. We're still in a very powerful uptrend," said Cameron Dawson, investing chief at New Edge Wealth, on CNBC's "Closing Bell." But, "it wouldn't be surprising to see some chop as we move through August." Investors on Tuesday will watch for more earnings reports. Pfizer , Yum! Brands and Fox are among the companies reporting before the bell, followed by Snap , Advanced Micro Devices and Rivian after the close. They'll also monitor economic data on the trade deficit and purchasing due Tuesday morning. These are some of the stocks making the biggest moves after hours: Palantir — The defense technology stock advanced 4% after second-quarter earnings exceeded Wall Street's expectations. Palantir said it reported adjusted earnings of 16 cents per share on $1.00 billion in revenue, while analysts polled by LSEG anticipated 14 cents per share and $940 million, respectively. — The defense technology stock advanced 4% after second-quarter earnings exceeded Wall Street's expectations. Palantir said it reported adjusted earnings of 16 cents per share on $1.00 billion in revenue, while analysts polled by LSEG anticipated 14 cents per share and $940 million, respectively. Vertex Pharmaceuticals — The biotech stock sank 14% after second-quarter earnings topped estimates. Vertex posted adjusted earnings of $4.52 per share on revenue of $2.96 billion, while analysts surveyed by LSEG had penciled in $4.26 per share and $2.91 billion. — The biotech stock sank 14% after second-quarter earnings topped estimates. Vertex posted adjusted earnings of $4.52 per share on revenue of $2.96 billion, while analysts surveyed by LSEG had penciled in $4.26 per share and $2.91 billion. Hims & Hers Health – Shares tumbled 12% after the telehealth company issued disappointing guidance. Hims sees third-quarter adjusted earnings before interest, taxes, depreciation and amortization ranging from $60 million to $70 million, while StreetAccount consensus estimates called for $77 million. Click here for the full list. — Alex Harring Futures tied to the Dow, S&P 500 and Nasdaq 100 all added around 0.2% shortly after 6 p.m. ET. — Alex Harring
Los Angeles Times
44 minutes ago
- Los Angeles Times
Dow leaps 585 points as US stocks win back most of Friday's wipeout
NEW YORK — U.S. stocks rallied on Monday and won back most of their sharp loss from last week, when worries about how President Trump's tariffs may be punishing the economy sent a shudder through Wall Street. The Standard & Poor's 500 jumped 1.5% to follow up its worst day since May with its best since May. The Dow Jones Industrial Average climbed 585 points, or 1.3%, and the Nasdaq composite leaped 2%. Idexx Laboratories helped lead the way and soared 27.5% after the seller of veterinary instruments and other health care products reported a stronger profit for the spring than analysts expected. It also raised its forecast for profit over the full year. Tyson Foods likewise delivered a bigger-than-expected profit for the latest quarter, and the company behind the Jimmy Dean and Hillshire Farms brands rose 2.4%. They helped make up for a nearly 3% loss for Berkshire Hathaway after Warren Buffett's company reported a drop in profit for its latest quarter from a year earlier. The drop-off was due in part to the falling value of its investment in Kraft Heinz. The pressure is on U.S. companies to deliver bigger profits after their stock prices shot to record after record recently. The jump in stock prices from a low point in April raised criticism that the broad market had become too expensive. Stocks are coming off their worst week since May not so much because of that criticism but because of worries that Trump's tariffs may be hitting the U.S. economy following a longer wait than some economists had expected. Job growth slowed sharply last month, and the unemployment rate worsened to 4.2%. Trump reacted to Friday's disappointing jobs numbers by firing the person in charge of compiling them. He also continued his criticism of the Federal Reserve, which could lower interest rates in order to pump adrenaline into the economy. The Fed has instead been keeping rates steady this year, in part because lower rates can send inflation higher, and Trump's tariffs may be set to increase prices for U.S. households. Friday's stunningly weak jobs report did raise expectations on Wall Street that the Fed will cut interest rates at its next meeting in September. That caused Treasury yields to slump in the bond market, and they eased a bit more on Monday. The yield on the 10-year Treasury slipped to 4.19% from 4.23% late Friday. 'In our view, if the Fed starts to cut rates at its September meeting, we believe this would be supportive for markets,' according to David Lefkowitz, head of US equities at UBS Global Wealth Management. Such hopes, combined with profit reports from big U.S. companies that have largely come in better than expected, could help steady a U.S. stock market that may have been due for some turbulence. Before Friday, the S&P 500 had gone more than a month without a daily swing of 1%, either up or down. This upcoming week may feature fewer fireworks following last week's jobs report and profit updates from some of Wall Street's most influential companies. This week's highlights will likely include earnings reports from The Walt Disney Co., McDonald's and Caterpillar, along with updates on U.S. business activity. On Wall Street, American Eagle Outfitters jumped 23.6% after Trump weighed in on the debate surrounding the retailer's advertisements, which highlight actor Sydney Sweeney's great jeans. Some critics thought the reference to the blonde-haired and blue-eyed actor's 'great genes' may be extolling a narrow set of beauty standards. 'Go get 'em Sydney!' Trump said on his social media network. Wayfair climbed 12.7% after the retailer of furniture and home decor said accelerating growth helped it make more in profit and revenue during the spring than analysts expected. Tesla rose 2.2% after awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion. The move could remove potential worries that Musk may leave the company. CommScope soared 86.3% after reaching a deal to sell its connectivity and cable business to Amphenol for $10.5 billion in cash, while Amphenol rose 4.1%. They helped offset a 15.6% loss for On Semiconductor, which only matched analysts' expectations for profit in the latest quarter. The company, which sells to the auto and industrial industries, said it's beginning to see 'signs of stabilization' across its customers. All told, the S&P 500 rose 91.93 points to 6,329.94. The Dow Jones Industrial Average climbed 585.06 to 44,173.64, and the Nasdaq composite leaped 403.45 to 21,053.58. In stock markets abroad, indexes rose across much of Europe and Asia. South Korea's Kospi rose 0.9%, and France's CAC 40 climbed 1.1%, while Japan's Nikkei 225 was an outlier with a drop of 1.2%. Choe writes for the Associated Press.
Skift
44 minutes ago
- Skift
Wyndham Hits Significant Growth Milestone
The DJIA roared back from the declines late last week, up 585 points while the Nasdaq was up 403, the S&P 500 rose 92 points, and the 10-year treasury yield was down .02 to 4.2%. Lodging stocks were higher. BHR was the only mover of note, gaining back 5%. Guerrero, Mexico's tourist destinations registered an average hotel occupancy rate of 78.2% this Sunday, according to figures from the state Ministry of Tourism. The summer season has been one of the most active for the state, with thousands of national and international visitors who have chosen places such as Acapulco, Ixtapa-Zihuatanejo, and Taxco. In Acapulco, hotel occupancy stood at 76.5%, with the Golden Zone leading with 79.1%, followed by the Diamond Zone with 75.2% and the Traditional Zone with 70%. Other destinations also reported outstanding figures: Ixtapa-Zihuatanejo reached 85.1% occupancy, Taxco de Alarconn
