US Stocks Pull Back From Record Highs as Oil Prices Climb, Retail Earnings Loom
The S&P 500 slipped 0.4% and the Dow fell 284 points as oil prices rose, with major retailer earnings this week set to signal how consumers handle inflation.
The S&P 500 slipped 0.4% and the Dow fell 284 points as oil prices rose, with major retailer earnings this week set to signal how consumers handle inflation.
Wolfspeed jumped 6% and ON Semiconductor rose 3% after a Mizuho note flagged a faster NVIDIA Vera Rubin ramp anchored by xAI and Meta starting Q4 2026.
US futures point to a choppy open after Friday’s pullback, while Bloomberg reports Anthropic’s Q2 revenue jumped to $11.5 billion from $787 million a year earlier.
Sensex dropped over 300 points and Nifty slipped below 24,300 as oil prices climbed near $90 a barrel, dragging IT and PSU stocks lower amid West Asia tensions.
Treasury yields have climbed across the curve in 2026, with the 2-year up 70 basis points, as stretched equity valuations raise the odds of an earnings disappointment.
Arista Networks posts 39% net margins and zero debt while Intel burns cash on its foundry pivot. Here’s what the numbers mean for AI infrastructure investors.
Cooler CPI and PPI data pushed the S&P 500 above 7,800 for the first time, while Intel upsized its stock offering to $20 billion and Nvidia gained as Fed rate-hold odds rose to 67%.
Nvidia discloses a 122.8 million share stake in SpaceX worth $21 billion, its second-largest investment. Here’s what the filing reveals and what it means for investors.
US stocks pulled back from record highs after a surprise decline in retail sales and a jump in oil prices, even as Reddit surged 12.6% on S&P 500 inclusion news.
S&P 500 stays near record levels despite weak retail sales data. Reddit jumps 14.7% on S&P 500 inclusion news while Applied Materials falls 4% on high expectations.