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Dow Hits Record as Three Stocks Drive Nearly a Third of Rally
The Dow Jones Industrial Average hit a record high, with Caterpillar, Amgen, and Nvidia accounting for nearly a third of the two-day advance. Friday's jobs report could test the rally's breadth.
AT&T Stock Slips as SpaceX Unveils Starlink Mobile Network
AT&T shares dropped 2% as SpaceX revealed Starlink's terrestrial mobile network, raising competitive fears. Verizon and T-Mobile also declined.
Santander Hits 52-Week High as Webster Deal Clears Final Hurdle
Santander shares reached a 52-week high after the Fed approved its Webster acquisition. The deal closes Aug. 20, with focus on EPS accretion and cost savings.
AI Talent Wars Drive Meta's Stock Compensation to $7.66B, Amazon Gains from Anthropic Stake
Meta's stock compensation jumped 58% to $7.66B in Q2, while Amazon reported a $53.4B gain from its Anthropic stake, highlighting the financial impact of AI talent wars.
Dow Rises on Rate-Sensitive Gains While Market Breadth Weakens
The Dow gained 0.87% even as private payrolls missed forecasts and ISM prices jumped. Nasdaq and small caps declined, with weak breadth and healthcare outperforming tech.
EA’s $55B Buyout Closes at $210 as Bookings Miss Forecast
EA’s $55B buyout finalized at $210/share, a 24.8% premium, despite Q1 bookings falling 8.8% short of estimates. Deal closed after Tuesday's close; trading halted.
Opendoor Shares Slide 5% as Q2 Report Reveals Soaring Stock Compensation
Opendoor (OPEN) shares dropped 5.1% to $3.91 after Q2 results showed stock-based compensation of $119 million, overshadowing a 59% sequential jump in contribution profit.
Rocket Lab Stock Wavers Despite $397M Space Force Win as Neutron Test Approaches
Rocket Lab's $397M Space Force award fails to lift shares as investors focus on Neutron test timing and contract economics ahead of Q2 earnings.
Eos Energy Shares Tumble 15% on Related-Party Revenue Concentration
Eos Energy (EOSE) dropped 15% as Q2 revenue revealed 80% came from a related-party project, highlighting limited revenue diversity and execution concerns.
Apple's $500B Slide: Valuation Premium Under Scrutiny
Apple's shares slipped 0.5% to $307.80, with market value down $507B from July's peak. Q3 earnings beat on tariff refunds, but the valuation premium persists.