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Miami Herald
3 days ago
- Business
- Miami Herald
Stock Market Today: Stocks open higher on big earnings, better retail sales
Stocks opened higher on Thursday as strong earnings and better economic news cheered investors. The earnings included record profits from Taiwan Semiconductor (TSM) , the key fabricator of high-end semiconductors, raised guidance from GE Aerospace (GE) and decent profits from United Airlines (UAL) after Wednesday's close and from soft-drink-and-snack giant PepsiCo (PEP) before the open. In addition, retail sales in June, at least the first whack at the data, bounced back from May's decline, and initial jobless claims fell to 221,000 from a revised 228,000 a week earlier. The bottom line is that, so far, President Trump's tariff ideas, which are not yet official, aren't deterring many consumers. Trump early today proposed a standard tariff rate of 10% to 25%. At 9:50 a.m. EDT, the Standard & Poor's 500 Index was up 16 points to 6,280. The Dow Jones Industrial Average added 137 points to 44,393, and the Nasdaq Composite Index rose 91 points to 20,822. Microsoft (MSFT) hit a new 52-week high of $509.37. Also hitting 52-week highs: Nvidia (NVDA) , Broadcom (AVGO) , and crypto giant Coinbase (COIN) . Netflix (NFLX) was due to report after the close. Gold was down slightly at $3,222 per troy ounce. Crude oil was up slightly at $65.36 per barrel. The 10-year Treasury yield slipped tro 4.44%. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
4 days ago
- Business
- Yahoo
Stock Market Today: Stocks Sag to Flat as Trump Reportedly Mulls Firing Powell, Walks Back Idea
Stock Market Today: Stocks Sag to Flat as Trump Reportedly Mulls Firing Powell, Walks Back Idea originally appeared on TheStreet. Updated 12:14 p.m. EDT Trump Mulls Firing Fed Chair Powell A dull day for stocks abruptly became a wild one on reports that President Trump planned to fire Federal Reserve Chairman Jerome Powell. The president then walked back the idea. The decision apparently came after Trump with Republican lawmakers on Tuesday. The timing is unclear. For one thing, his decision to fire would have to be for cause and almost certainly would land in the courts. 💸💰 💰💸 At a press availability, the president said he wasn't planning to fire Powell. Trump has been frustrated that the Fed hasn't cut its short-term interest rate despite the president's persistent demands. The latest gambit to remove the Fed chair is complaints about cost overruns on a new Fed building not far from the White House. Powell has said that he will finish out his term as chairman at the end of May 2026. At last check all three major indexes were little changed. The Dow Jones Industrial Average had given up a gain of 113 points; it had fallen as many as 264 points when the news broke. The 10-year Treasury yield was at 4.487%, flat on the day. Updated 11:20 a.m. ET Taking a breather Stocks were generally flat Wednesday as some of the biggest stocks took a breather from recent highs. Goldman Sachs () reported its best trading profits in its history, but the stock fell more than 4%. Big technology was showing some weakness after big gains since April. At 11:19 a.m. EDT, the Standard & Poor's 500 Index was off 11 points at 6,229. The Dow Jones Industrial Average had given up a gain of 113 points and was off 102 points to 43,922. And the Nasdaq Composite Index was down 71 points to 20,606, a day after hitting an intraday peak of 20,836.04. The Nasdaq 100 Index, dominated by big tech, was off 120 points to 22,764, thanks to weakness in () , Microsoft () , Facebook parent Meta Platforms () and even mighty Nvidia () . Apple () , Google parent Alphabet () and Tesla () were higher. Broadcom () , not typically seen as a Magnificent Seven stock, was down 0.9% to $278.58. Only four of the 11 S&P 500 sectors were higher: Health Care, Real Estate, Communications and Financials. Perhaps the market was due for a pause after the huge gains seen in the quarter. Bitcoin was up $3,337 to $119,741 after slumping basically an equal amount on Tuesday. Surprising opposition emerged to stall several crypto bills. Sarge Guilfoyle Parses the Inflation Data for Tariff Clues To kick off Stock Market Today, TheStreet offers up the analysis of Stephen "Sarge" Guilfoyle, who writes for TheStreet Pro. Subscribers to TheStreet Pro benefit from the insights of Guilfoyle and a team of veteran traders, fund managers and analysts. Investors acted a bit surprised by a slightly warm-to-the-touch June consumer price index. Was consumer-level inflation warmer than expected in June? No, it was not. Was it warmer than it was in May? Yes, it was -- at the headline level. June CPI printed at month-over-month growth of 0.3%, which was in line with the consensus view, but up from 0.1% growth in May. On a year-over-year basis, headline inflation crossed the tape at growth of 2.7%, also in line with expectations, but also up from May's 2.4% print. The major concern on Wall Street and probably on Main Street after those numbers were published by the Bureau of Labor Statistics, was whether or not this uptick, which was expected, was the result of trade tariffs. Is inflation, as predicted by many academic and private sector economists alike, feeling the impacts of the president's policy of imposing tariffs on trading partners as both a negotiatory tool and a means of providing the fiscally strapped federal government with a new stream of revenue? Honestly, from these numbers, the answer is not yet clear. While headline inflation may be up 2.7% on a year-over-year basis, it's only running at 1.8% annualized rate since January. This administration did not take their oaths of office until January. Tariffs on imports from most nations were not announced until early April and then the reciprocal part of those tariffs, above the baseline, were put on hold. So, is the worst still to come? Could be. Then again, tariffs are known as demand killers. In and of themselves, they only produce inflation if behaviors remain constant. On the other hand, if these tariffs are ultimately successful in improving the lot of the lower- and middle-class labor force in the U.S., that too would ultimately be inflationary. That does not mean that we do not want the less fortunate among us to better participate in the economy. At The Core... Core June CPI landed at month-over-month growth of 0.2%, which was actually cooler than the consensus view, which was for growth of 0.3%, but also up from 0.1% growth in May. On a year-over-year basis, June Core CPI inched up to growth of 2.9% from May's 2.8% pace, but that was less than the 3% economists had in mind. So, are tariffs to blame for this slight uptick in consumer level inflation? Not really. Prices for apparel, which is a heavily tariffed category, was up 0.4% month-over- month, but is still negative (-0.5%) on a year-over-year basis. That's outright deflation. The Durable Goods CPI, which is closely tracked and is also a heavily tariffed category, showed growth of less than 0.1% month over month and just 0.6% year over year. No impact from tariffs visible there, unless one is intentionally blind to the data for political purposes. Where the upward pressure on June consumer prices was visible was really in energy, which is non-core. On a month-over-month basis, gasoline and fuel oil prices were both up 1% or more as were prices for electricity. Whereas electricity is concerned, that's a supply and demand issue not easily solved. Big tech is notably working on creating new sources for the production of electricity outside of the public grid. Those stories are in the news every day. In fact, going through the minutiae of the data in some detail, we can see that broadly, upward pressure in June consumer pricing came from the service sector, which has absolutely nothing to do with tariffs. Core prices for services, ex-housing were up 0.4% month over month and are running at a 4.6% annualized pace. So, yes, inflation did perk up, a little, in June. Inflation brought on by the implementation of higher tariffs, while certain to damage corporate margins, has not landed on the public. Yet? That's still a tale to be told. The Current Month What's in store for July? Looking at the Cleveland Fed's inflation nowcasting model, for July headline CPI is running at growth of 0.2% month over month and growth of 2.7% year over year. That would be a deceleration from June on the monthly print and in line with June on the annual print. Cleveland also currently sees core July CPI crossing the tape at month-over-month growth of 0.2% and year-over-year growth of 3.0%. That would be in line with June on the monthly print, but an acceleration on the annual print. What does Hedgeye's model say? Well, I will not give away their data as they are running a business and I rely upon their modeling, but I will give you the gist of it all. The Hedgeye team sees year-over-year headline inflation cooling just a touch in July. But the team warns that this will be a temporary reprieve and that the trend is leaning toward acceleration over the second half of 2025. Yields & Fed Funds Futures On Tuesday, in response to the data, bond traders sold U.S. Treasury debt securities across the slope of the curve. The yields for both the Two-Year Note and Ten Year Note gave up five basis points a piece as that Ten Year paper paid 4.48% by day's end. Readers will see that the long bond now pays more than 5%. On Wednesday morning, Fed Funds Futures trading in Chicago are now pricing in a 97% (up from 93% twenty-four hours ago) probability that the Federal Open Market Committee sits on their hands on July 30. There is still a quarter-point rate cut priced in for Sept. 17, though that probability has dropped to just 52%. There is also a 61% likelihood still being priced in for a second quarter-point rate cut prior to year's end. Marketplace An odd day. Really. Equities took the CPI news harder than many realized in real time. The S&P 500 gave up 0.4% on the day, while the Nasdaq Composite gained 0.18%. That was largely due to the news that both Nvidia NVDA and Advanced Micro Devices AMD would be permitted to once again sell Biden-era compliant chips to Chinese customers. What I am not sure if I find alarming just yet, is that the equal-weight S&P 500 gave up 1.38% on the day. That's a legit beat-down. Take a look at this comparison between the S&P 500 and the equal-weight S&P 500: The two versions of the S&P 500 have largely performed in line with each other this year. That said, see that downturn at the extreme right for the red line? Yeah, that. Small to midcap stocks were pounded. The S&P 600 gave back 2.1% and is now down 4.06% year to date. The Russell 2000 surrendered 1.99% for the day and is now down 1.13% year to date. The S&P 400 (mid-caps) is still up a mere 0.14% for 2025 after being roasted for a loss of 1.8% on Tuesday. This obviously put the whammy on breadth. Oh, the KBW Banks were also slapped around (-2.42%) after the group kicked off Q2 earnings season. Ten of the 11 S&P sector SPDRs closed out the Tuesday session in the red, led lower by the Materials XLB, which were down 2.05%. All ten of those sector funds gave back at least 0.75% for the day. Only Technology XLK for obvious reasons, closed in the green as the Philadelphia Semiconductor Index tacked on 1.27%. Losers beat winners by a 4-to-1 margin at the NYSE and by a rough 5-to-2 at the Nasdaq. Advancing volume took a 47.5% share of composite Nasdaq-listed trade and just a 29% share of NYSE-listed activity. Aggregate trade increased by 8.7% on a day- over-day basis across NYSE-listings and by 4.9% across Nasdaq-listings. Volume also expanded across the membership of the S&P 500. So, a new "day one" bearish reversal of trend, Sarge? Nope. Why not, Sarge? Simple. The Nasdaq Composite (and Nasdaq 100) still managed to close in the green. Close, but no cigar. Then There Were Four Or is it three? On Tuesday evening, the U.S. reached a trade deal with Indonesia, as that nation joined the ranks of the U.K. and Vietnam (and sort of, maybe, China) in coming to an agreement on trade with the Trump administration. As part of the deal, Indonesian exports to the U.S. will be hit with a 19% tariff, down from the 32% that the president had threatened the Asian nation with, in a letter last week. U.S. goods exported to Indonesia will not be tariffed. In addition, Indonesia has agreed to purchase 50 Boeing BA 777 jets, spend at least $15 billion on U.S. energy and spend at least $4.5 billion on U.S. agriculture. The timing of these purchases was not specified. In Other News... - Pres. Trump and Sen. Dave McCormick announced $36 billion in investments for data center projects and another $56 billion for energy projects in the state of Pennsylvania. - Former interim CEO and CTO of OpenAI Mira Murati was apparently able to raise $2 billion in funding for her new AI start-up, Thinking Machines Lab. Her idea is to build "multimodal AI that works with how you naturally interact with the world" through conversation and sight and "the messy way we collaborate." Investors include Nvidia, Advanced Micro Devices, ServiceNow NOW and Cisco Systems CSCO. Economics (All Times Eastern) 07:00 - MBA 30 Year Mortgage Rate (Weekly): Last 6.77%. 07:00 - MBA Mortgage Applications (Weekly): Last 9.4% w/w. 08:30 - PPI (Jun): Expecting 0.3% m/m, Last 0.1% m/m. 08:30 - Core PPI (Jun): Expecting 0.2% m/m, Last 0.1% m/m. 08:30 - PPI (Jun): Expecting 3.2% y/y, Last 3.0% y/y. 08:30 - Core PPI (Jun): Expecting 2.8% y/y, Last 2.6% y/y. 09:15 - Industrial Production (Jun): Expecting 0.1% m/m, Last -0.2% m/m. 09:15 - Capacity Utilization (Jun): Expecting 77.4%, Last 77.4%. 10:30 - Oil Inventories (Weekly): Last +7.07M. 10:30 - Gasoline Stocks (Weekly): Last -2.658M. The Fed (All Times Eastern) 10:00 - Speaker: Reserve Board Gov. Michael Barr. 2:00 p.m. - Beige Book. 6:30 - Speaker: New York Fed Pres. John Williams. Today's Earnings Highlights (Consensus EPS Expectations) Before the Open: ASML (5.22), BAC (.86), GS (9.55), JNJ (2.68), MS (1.97), PNC (3.56), PGR (4.35) After the Close: SNV (1.26), UAL (3.81) At the time of publication, Guilfoyle was long NVDA, AMD, CSCO equity. This commentary was previously published on TheStreet Pro. To receive articles like this each day from Stephen Guilfoyle, Doug Kass, Helene Meisler and other investing pros click here to subscribe. Stock Market Today: Stocks Sag to Flat as Trump Reportedly Mulls Firing Powell, Walks Back Idea first appeared on TheStreet on Jul 16, 2025 This story was originally reported by TheStreet on Jul 16, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Stock Market Today: Dow slumps; S&P 500 and Nasdaq rally
Stock Market Today: Dow slumps; S&P 500 and Nasdaq rally originally appeared on TheStreet. It's a tale of two markets: The Dow Jones Industrial Average, weighted in favor of the highest-priced stocks, is slumping. The Standard & Poor's 500 and Nasdaq indexes, weighted in favor of market capitalizations, are higher. It's more than that. The Dow has includes six financial stocks, 20% of the total, and they're all lower today: JP Morgan Chase () , Goldman Sachs () , UnitedHealth Group () , Travelers Companies () , American Express () and Visa () . The winners so far today are techs: Nvidia () , Microsoft () , and Apple () and the top dog in consumer discretionary stocks: () . And Goldman is the priciest of the Dow stocks at $706, while Amazon, Apple and Nvidia are among the lower-priced stocks. Microsoft is the outlier of the group at $507, up nearly $4. At 12:25 ET, the Dow was down 280 points at 44,180. The Standard & Poor's 500 Index was 1 point at 6,267, and the Nasdaq Composite was up 126 points at 20,767. The Nasdaq-100 Index was up 111 points to 22,966 after hitting a new high of 23.051. In the first half-hour of trading, the major indexes were mostly higher. We say mostly because the Dow Jones Industrial Average was off 87 points, which is actually a small decline on a percentage basis. The blue-chips were at 44,373, off 0.2%. The Standard & Poor's 500 Index was up a modest eight points to 6,277, but that was after hitting a 52-week high right after the open. The Nasdaq Composite had added 112 points or 0.5% to 20,753. It also hit a 52-week high soon after the open. Not to be a party pooper, the Nasdaq-100 Index was up 130 points to 22,986 after hitting a new high of 23.051. Nvidia () , Broadcom AVGO and Coinbase () also hit new highs. Bitcoin was off $1,559 to $118,377, a day after hitting a new high of $123,166. This morning's earnings reports are all about the banks. JP Morgan Chase () , BlackRock () , Citigroup () , Wells Fargo () and Bank of New York Mellon () all reported earnings that topped expectations. As for future statements, not all was rosy, with Wells Fargo guiding lower. Citigroup is the only one trading higher, gaining as much as 3%, while Wells Fargo is down close to 4%. The Consumer Price Index is the other big news this morning. The U.S. Bureau of Labor Statistics reports that June CPI rose 0.3%, which was in line with expectations. Year over year, the CPI gained 2.7%. That's faster than May's 2.4% increase. Higher food and energy costs were behind the faster inflation, Bloomberg reported. Core CPI gained 0.2%, which was better than expected. The core figure was below forecasts for the fifth straight month, the news service reported. So, how are stocks looking this morning? Up! S&P 500 futures have been rallying since yesterday's close (black line, below) and are up 0.4%. The tech-heavy Nasdaq is even stronger, gaining 0.7% in premarket trading. The long end of the U.S. treasury curve is stronger (yields are down). Gold and crude are lower, while copper is slightly higher. Stock Market Today: Dow slumps; S&P 500 and Nasdaq rally first appeared on TheStreet on Jul 15, 2025 This story was originally reported by TheStreet on Jul 15, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
7 days ago
- Business
- Miami Herald
Earnings season begins: Pay attention to all the tariff talk
The second-quarter earnings season is upon us: six weeks to eight weeks of numbers, not to mention company officials gloating or trying to defend their results against angry investors and analysts. This earning season, like the first-quarter season, will come with a big wildcard: President Donald Trump's efforts to impose much heavier tariffs on imports to the United States. Don't miss the move: Subscribe to TheStreet's free daily newsletter The Administration announced a huge list of tariffs increases on April 2 that shocked so many from the Federal Reserve to Wall Street that the Standard & Poor's 500 Index fell more than 10% over the next two days. Related: Analyst reboots Amazon stock price target on AI growth The president has proposed 35% tariffs on Canadian goods. And a 50% tariff on Brazil, the world's largest coffee producer (among other things) unless the Brazil halts prosecution of former Brazilian president Jair Bolsonaro, charging him with organizing a conspiracy to overturn Brazil's 2022 election. Over the weekend, Trump threatened 30% tariffs on Mexico and the European Union to take effect on Aug. 1 unless they come to a new deal. Related: Wall Street giant shares bold message on S&P 500's Magnificent 7 And we'll see, starting Sunday evening when futures trading begins at 6 p.m. ET, if investors force the administration to back down again. Tariffs are a dangerous game. You hear many Wall Streeters predicting the actual tariffs come in at roughly 10%. Trump learned a small lesson in April when stocks literally started to melt down. The history of draconian tariffs is they usually cause economic mayhem. And the politicians who get them enacted or their parties lose their jobs. So, in the meantime, the earnings start to come in: 103 in the week ahead and 702 in the week following. This week's reports are heavily weighted to financial institutions and big ones, too: JPMorgan Chase (JPM) , Wells Fargo (WFC) , BlackRock (BLK) and Citigroup (C) on of America (BAC) , Morgan Stanley (MS) and Goldman Sachs (GS) on Wednesday. American Express (AXP) and Charles Schwab (SCHW) on Friday. In all, some 42 financial companies will release reports this week. JPMorgan is the largest with a market cap of $797 billion. Among financial companies, only Berkshire Hathaway (BRK.A) and (BRK.B) is bigger at just over $1 trillion in market cap. (Yes, it's true Warren Buffett's conglomerate also includes one of the biggest railroads, See's Candies and a network of truck stops, but half the business is insurance. Berkshire is expected to report results in early August.) It's not all financial companies that report this week. Others include: United Airlines (UAL) on Semiconductor (TSM) , Netflix (NFLX) and PepsiCo (PEP) on Thursday. 3M Company (MMM) and Schlumberger (SLB) on Friday. Related: Stock Market Today: 35% Tariff on Canada Spooks Investors Financial institutions are always trying to balance interest on loans and earnings on investments against costs, especially cost of funds or, in the case of insurance companies, the costs of paying claims. The base short-term rate is the Fed's federal funds rate, now 4.25% to 4.5%. The Fed has been reluctant to cut rates this year because it's been concerned with how inflationary the tariffs will prove. Bloomberg/Getty Images The 73 financial stocks in the S&P 500 financial sector in the aggregate have had a decent year. The financial sector index is up 7.9% in 2025, with 48 stocks showing positive gains for the year to date. The return ranks the financials sixth out of the 11 S&P 500 sectors. Tops are the industrial and information technology sectors, up about 14% and 9.4%, respectively. The financial sector fell nearly 16% between April 2, when President announced his tariff proposal and the bottom of 702.44 on April 7. Since the bottom, the sector has rebounded about 24% to 868.31. The results are skewed a bit by Coinbase (COIN) , which runs one of the world's largest crypto currency exchanges. It's up 56% year to date. The company reports second-quarter earnings on July 31. More Investing: Weekly Wins: 10 Rules for You to Be a WinnerAmazon tries to make AI great again (or maybe for the first time)Veteran portfolio manager raises eyebrows with latest Meta Platforms moveGoogle plans major AI shift after Meta's surprising $14 billion move The big banks have not been scofflaws. Charles Schwab is up 22.3% year-to-date, second best in the sector. Citigroup has risen 23%. JP Morgan has added 19.7%. Goldman Sachs' gain is 23%. Related: Watch out: The threats that could derail the big rally Property-and-casualty insurance companies have struggled a bit this year, especially those exposed to the Los Angeles-area wild fires earlier this year. Chubb (CB) , Allstate (ALL) and Travelers (TRV) have seen their stocks show handsome returns over the last 52 weeks. But their returns for the year-to-date are flat or modest because of the fires. A study from UCLA estimated that the Los Angeles fires caused losses of between $95 billion and $164 billion with insured losses of some $75 billion. Wall Street is betting President Trump's big tax bill will unleash all sorts of money into the financial markets. That's why the S&P 500 and Nasdaq hit new highs this past week and Nvidia saw its market cap top $4 trillion. But forgotten in that euphoria was that financials were the weakest S&P 500 sector, down 1.9%. The bill, however, is so complicated that no one is sure what's in it, much less if the provisions will do any good. The banks and other financial companies will be getting looser regulations, true. But there's risk to that: Bad or just plain stupid actors can destabilize the system. Perhaps we should agree that a few signals would help. The economy has to demonstrate there's a clear, stable path forward. The Administration has to demonstrate clarity of vision. You don't want constant disruptions from tariffs or other political machinations. If the first condition is met, inflation can ease, and interest rates can come down. As important, companies will start to feel confident enough to expand new plants and offices and hire more people. Investment flows would migrate to opportunities that offer new growth. Related: Veteran analyst drops new clue on Nvidia's next big move The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
10-07-2025
- Business
- Yahoo
Stock Market Today: Can Nvidia power stocks to a new high? WK Kellogg deal in focus
Stock Market Today: Can Nvidia power stocks to a new high? WK Kellogg deal in focus originally appeared on TheStreet. Stocks were struggling for gains on Thursday as many investors were waiting to see whether chip giant Nvidia could close the day with a market capitalization of $4 trillion. At noon ET, Nvidia was up 10 cents to $163, with a market cap of $3.97 trillion. The market indexes were mixed. The Standard & Poor's 500 Index was up 16 points to 6,279. The Nasdaq Composite was off nearly 20 points to 20,599. The venerable Dow Jones Industrial Average was up 252 points to 44,711. Among big movers were Delta Air Lines () , up 13% to $57.49 after reporting better-than-expected earnings and boosting guidance. CEO Ed Bastian said, nonetheless, that summer travel among economy travelers is lower. Other airline stocks, including UAL () , Southwest () , and Alaska Airlines () , surged on the Delta numbers. Meanwhile, WK Kellogg () shares were up 30% to $22.84 after the cereal maker agreed to sell out to Italian candy maker Ferrero Rocher for about $3 billion. U.S. headquarters would remain in Battle Creek, Mich. Shares of MP Materials () , which operates the one and only U.S. mine with rare-earth deposits, were up nearly 50% to $44.26 after announcing it has a new, very big investor: the U.S. Department of Defense. The DOD is struck a multi-billion-dollar public-private deal with the US Department of Defense to build a new magnet plant and expand rare earth capabilities. The department is investing $400 million in a preferred stock issue and will loan the company $150 million to build a new domestic magnet-manufacturing facility and expand current mining and processing facilities. It's the largest company in the S&P 500 (and the world), and it set a record yesterday and a record for being the first company to cross the $4 trillion market-cap level. I'm talking about Nvidia () , of course, and the question is: Can it help power the S&P 500 to another record high? The answer is yes. In premarket trading shares of the AI-chip giant are trading up nearly 1%. CEO Jensen Huang is off to China next week to meet with senior officials there. China is a key market for Nvidia, and this meeting will be important for both sides. Because of Nvidia's about 7% weight in the S&P 500, it holds large sway over the index. When it goes up, the S&P 500 generally follows. The second-largest company in the S&P 500 is Microsoft () . It, too, set a new high yesterday but is trading slightly lower this morning. As are shares of the next several largest stocks. Apple () , Amazon () , Alphabet () and Meta () are all lower. As a result, stock market futures are lower, albeit only marginally. The S&P 500 futures are off by 0.1%, while the tech-heavy Nasdaq futures are trading lower by 0.05%. Bonds are slightly lower (yields higher) on the heels of a respectable 10-year auction yesterday, while gold and copper rally and crude falls. Overnight trading in S&P futures saw the market fall and then rally. We're currently on another downswing. The big news on the economy this morning is the jobless claims. The U.S. Department of Labor reported that initial claims fell by 5,000 while continuing claims rose. Stock market futures initially rose on the news but quickly continued their decline. Stock Market Today: Can Nvidia power stocks to a new high? WK Kellogg deal in focus first appeared on TheStreet on Jul 10, 2025 This story was originally reported by TheStreet on Jul 10, 2025, where it first appeared. Sign in to access your portfolio
