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Dow's 922-Point Swing Masks Broader Market Gains Amid Inflation Relief
A 922-point tug-of-war between Goldman Sachs and IBM left the Dow nearly flat, but the S&P 500 and Nasdaq rose on cooling inflation data.
Dow barely moves as Goldman and IBM swing index by 922 points
The Dow edged up just 0.05% as a 922-point swing between Goldman Sachs and IBM masked broader market gains. Cooling inflation data lifted rate-cut expectations.
Dell Surges on IBM Data Showing Enterprise Shift to AI Infrastructure
Dell shares climbed 5.8% after IBM's preliminary results showed enterprise clients shifting budgets to AI hardware. The move adds $16.2 billion in market value.
Bitmine Soars 11.5% as Ether Rally Narrows Asset Discount
Bitmine Technologies (BMNR) surged 11.5% Tuesday as ether rallied 5.5%, reducing the gap between its market cap and crypto holdings to 15%.
AtaiBeckley Surges on FDA Psychedelic Guidance, BPL-003 Duration Advantage
AtaiBeckley (ATAI) shares surged 15.6% as FDA staffing guidance for psychedelic trials boosted BPL-003's two-hour clinic model, potentially reducing monitoring costs vs. longer treatments.
MARA Holdings Flat as AI Lease Deal Highlights Valuation Gap
MARA Holdings shares slipped 0.1% despite a bitcoin rally, as CleanSpark's $6.6 billion AI lease deal underscored the market's demand for committed cash flow from data center projects.
Illinois Lottery Sales Flat, Income Plunges 26% as Prize Costs Surge
Illinois Lottery sales dipped 0.3% in May, but operating income tumbled 26% as prize costs rose sharply, leaving a $124M June target.
Joby Aviation Stock Rebounds on Inflation Data Amid High Valuation
Joby Aviation shares rose 3.6% to $7.75 after hitting a 52-week low, boosted by cooler-than-expected CPI data. The stock still trades at over 50 times projected 2026 sales.
Lucid's $948 Million Market Cap Wipeout Nearly Erases April Capital Infusion
Lucid's stock crashed 44%, erasing $948 million in market cap—almost all of its April capital package—amid reports of a possible sale or bankruptcy.
Microsoft's $40B Capex Test: Can AI Revenue Catch Up?
Microsoft heads toward July 29 earnings with bulls eyeing a valuation discount and a potential bounce, but the key question is how quickly AI demand converts to cash flow versus heavy spending.