US inflation, sales data cool Fed hike bets; stocks hit records
The S&P 500 and Russell 2000 set fresh highs as July CPI rose 0.1% and 3.4% annually, PPI was flat, and retail sales fell 0.6% versus a 0.1% consensus gain.
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The S&P 500 and Russell 2000 set fresh highs as July CPI rose 0.1% and 3.4% annually, PPI was flat, and retail sales fell 0.6% versus a 0.1% consensus gain.
Retail investors talked up five hot stocks during the week (Aug. 3 to Aug. 7) on X and Reddit’s r/WallStreetBets, driven by retail hype, earnings, AI infrastructure momentum, and corporate news flow. Space Exploration Technologies Corp. (NASDAQ: SPCX ), Advanced Micro Devices Inc. (NASDAQ: AMD ), Palantir Technologies
T and VZ hit new lows
SPCX reaches new lows
Despite the third consecutive session of gains by Semiconductors, Nasdaq Composite was the worst performing major index, ending the day near session lows below the 25,700 level. Losses among key software names as well as new low in SpaceX (SPCX), down another 7%, weighed on the tech-heavy index. In the benchmark S&P 50
SPCX new lows
SPCX new lows -1.7%, below deal price of $135
Signs of economic strength helped stocks bounce from session lows, with sentiment also supported by Fed Chair Kevin Warsh’s remarks that inflation risks have eased. [13:55 ET] SpaceX Showed Investors Prototype of Elon Musk’s New AI Device. Device would use a Qualcomm Snapdragon chipset - WSJ $SPCX $QCOM [QCOM Strengthe
Verizon Communications Inc (NYSE: VZ ) and AT&T Inc (NYSE: T ) shares are falling Monday. There are reports of new satellite connectivity headlines that could reshape the U.S. wireless market. Here’s what you should know. Verizon Communications shares are sliding. What’s pressuring VZ stock? Starlink Mobile Plans Press
Space stocks decline in June as SpaceX IPO steals the spotlight, with many high-flyers giving back big chunks of their 2026 gains
South Korea's ETF EWY falls 10% after a report that SK Hynix may shift DRAM capacity from high bandwidth memory used in AI data centers
Elon Musk's net worth drops by $152.3 billion to $1.1 trillion due to a decline in SpaceX stock
SPCX hits new lows
SPCX hits new lows
SPCX hits new lows