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Consumer Spending Surge Drives Retail Stocks Ahead of S&P 500
U.S. retail sales increased 0.2% in June, with core spending up 0.7%. Retail stocks outpaced the S&P 500, signaling resilient consumer demand.
Peso's 0.34% Drop Erodes Six Weeks of Carry Trade Gains
The Mexican peso fell 0.34% on Thursday, wiping out nearly six weeks of gross carry for dollar-funded trades, as the dollar strengthened on risk-off sentiment.
Microsoft Defies Nasdaq Slump as AI Strategy Shields Stock
Microsoft shares rose 1.8% on Thursday, extending gains to 4.6% over two sessions and adding $132 billion in market value, as the stock outperformed a falling Nasdaq.
Semiconductor ETF Plunges Below Key Support Despite TSMC's Record Earnings
The VanEck Semiconductor ETF fell 4.2% to $565.69, breaching key support, as a broad selloff in chip stocks outweighed Taiwan Semiconductor's record earnings.
Amazon Stock Holds Steady as AWS Leadership Transition Looms
Amazon shares traded near $256 as investors focused on the upcoming AWS leadership change and the impact of heavy AI spending on free cash flow.
SpaceX Shares Dip Below IPO Price on Lockup Release Fears
SpaceX shares dropped 1.3% below their $135 IPO price as investors brace for a lockup release that could boost the tradable float by 143%, amplifying short-squeeze risks.
Nebius Shares Tumble 12.6% as AI Strategy Shift Raises Capital Spending Concerns
Nebius shares dropped 12.6% as the company's new partner-funded AI model maintains a $20-$25 billion capex outlook, raising investor concerns about future spending.
