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US stock indices ended Monday higher amid strong gains in AI stocks. The S&P 500 ended Monday 1.5% higher. Meta’s Muse AI optimism supported AI names, while Paramount Skydance settled a lawsuit filed by 12 states related to its takeover of Warner Bros. Discovery.
Ritholtz Wealth Management CEO Josh Brown and colleague Sean Russo used their latest “The Best Stocks in the Market” column at CNBC to stake out a clear position on security software: four names earn a spot, two do not. CrowdStrike Holdings, Inc. (NASDAQ: CRWD ), Palo Alto Networks, Inc. (NASDAQ: PANW ), Fortinet, Inc.
U.S. stock futures pointed lower Monday after weekend comments from OpenAI and Anthropic executives revived concerns about the pace of AI development. Nvidia, Micron, Sandisk and Oracle were among the stocks cited as in focus.
Fundstrat’s Tom Lee told CNBC that the four-year crypto cycle ends next month. He said if the Fed holds rates at its Sep. 15 meeting alongside weaker jobs and CPI, markets could rally very strongly.
SiriusXM Holdings Inc. (NASDAQ: SIRI ) reported second-quarter results on Thursday with revenue topping Wall Street estimates, although adjusted earnings missed expectations. Following the results, the stock fell nearly 12%, reversing part of a sharp July run that had pushed the stock into overbought territory. The aud