Brent Tops $100, Alphabet, Tesla Sink Nasdaq 100: Stock Market Today
U.S. stocks extended their slide on Thursday as Brent crude vaulted above $100 a barrel and the 10-year Treasury yield climbed to an 18-month high, while concerns over Alphabet Inc.’s (NASDAQ: GOOGL ) rising AI capital expenditures overshadowed an otherwise strong quarterly report and added to investor unease following Tesla Inc.’s (NASDAQ: TSLA ) results. President Donald Trump warned that “major military punishment will be inflicted upon Iran” if its Houthi proxies again fire on tankers, after two Saudi Arabian vessels were hit overnight. • U.S. Global Jets ETF stock is down today. What’s behind JETS decline? The escalation collided with an already jittery tape. Oil now trades higher for the fifth straight session, reaching the highest since early June. West Texas Intermediate crude jumped 6.3% to $92.27 a barrel, while Brent surged 6.7% to $100.38. The...
S. ’s (NASDAQ: TSLA ) results. President Donald Trump warned that “major military punishment will be inflicted upon Iran” if its Houthi proxies again fire on tankers, after two Saudi Arabian vessels were hit overnight. S.
Global Jets ETF stock is down today. What’s behind JETS decline? The escalation collided with an already jittery tape. Oil now trades higher for the fifth straight session, reaching the highest since early June.
38. 71%, its highest since January 2025, as surging fuel costs and a 57-year low in initial jobless claims fed expectations that the Fed will need to tighten further. Markets are now pricing a better-than-33% chance of a rate hike next week, with the odds of a September increase above 78%, up from 61% a day earlier. 88.
The Cboe Volatility Index jumped toward 20 as hedging demand picked up. 45, dragged by megacap technology. The Magnificent Seven were the epicenter of the selloff. Alphabet Inc.
6% after doubling its capital-expenditure forecast to $205 billion for this year, reigniting concerns over unsustainable AI infrastructure spending. Tesla Inc. tumbled 13% toward a one-year low after reporting lower profits despite a strong stretch for the broader EV sector. com Inc.
5%, Meta Platforms Inc. 1%, and Microsoft Corp. 5%. Gold slipped 2% to around $4,048 an ounce as a stronger dollar and rising real yields pressured the metal.
S. 2%. 9%. 9%.
9%. 1%, the latter buoyed by the oil spike. XLE has now gained nearly 13% month-to-date, the strongest of any sector. The damage was concentrated in growth.
9%. S. 6% alongside bullion. 6%.
Industrial earnings drove the day’s biggest winners. United Rentals Inc. 65 billion. 7% revenue growth and a raised outlook.
Lockheed Martin Corp. 1 billion and a lifted full-year sales forecast — a beat amplified by the geopolitical backdrop. Cleveland-Cliffs Inc. 2 billion beat estimates, adjusted EBITDA tripled to $286 million and the steelmaker guided to record second-half earnings.
Medpace Holdings Inc. 3 million and a raised full-year EPS forecast, and Thermo Fisher Scientific Inc. 6% after its own beat. On the downside, Albertsons Companies Inc.
32 and missing quarterly estimates, with management citing a “more cautious consumer” and softer grocery trends. Molina Healthcare Inc. 1% as full-year revenue guidance of roughly $42 billion landed about 5% below estimates, overshadowing a second-quarter earnings beat, amid industrywide medical-cost worries. QuantumScape Corp.
16 per share and touted an expansion into AI data centers and defense, but the shares extended a steep recent decline. American Airlines Group Inc. 2% as the oil surge hammered carriers, while capital-markets names Goldman Sachs Group Inc. (NYSE: GS ) and Robinhood Markets Inc.
(NASDAQ: HOOD ) each dropped more than 3%. Thursday’s Russell 1000 Top Gainers Name % change Cleveland-Cliffs Inc. 54% Medpace Holdings, Inc. 73% United Rentals, Inc.
39% Thursday’s Russel