S&P 500 sets record as Iran nuclear talks stall
U.S. equities reached a fresh high even as diplomacy over Iran's nuclear programme lost momentum and concerns persisted over access to the Strait of Hormuz.
Index-level moves, breadth, factor rotation and positioning in the stock market.
56 report(s) in the archive
U.S. equities reached a fresh high even as diplomacy over Iran's nuclear programme lost momentum and concerns persisted over access to the Strait of Hormuz.
Prediction market operator Kalshi will use Nasdaq's market surveillance technology, a step toward exchange-standard monitoring of its event contracts.
JPMorgan raised its year-end price target for the S&P 500 to 8,000 from 7,800, joining a broader move by strategists to mark up equity forecasts.
J.P. Morgan lifted its year-end 2026 target for the S&P 500 to 8,000, pointing to artificial intelligence investment and the strength of corporate earnings.
Medi Assist reported first-quarter revenue in line with forecasts and continued margin recovery led by growth in technology revenue, but the shares fell about 5%.
Bitcoin, ether and BNB each rose close to 3% on the week with global equities near records, while XRP fell 5% despite continued ETF inflows.
The two chipmakers are reported to be preparing a joint venture to manufacture image sensors in Japan, a deal valued at about $6.3 billion.
Sony and TSMC will jointly invest about $6.3 billion to manufacture image sensors, according to a Nikkei report, deepening a partnership between the world's largest image sensor supplier and the largest contract chipmaker.
Japanese and Korean stocks recovered while oil prices rose as traders weighed uncertainty around shipping through the Strait of Hormuz.
Asian stock markets posted modest gains while crude prices moved up amid unclear conditions in the Gulf.
Building products distributor QXO declined by over 20% during July, with the drop following the completion of a large acquisition and a rise in interest rates and oil prices.
Three consumer-facing internet and fintech names diverged sharply over the past month, with Shopify and MercadoLibre gaining and Upstart falling 23%.
Berkshire Hathaway bought $23.5 billion of equities in the latest quarter, breaking a 14-quarter stretch as a net seller. Roughly $10 billion of that went into a single company at what was described as a privately negotiated price.
Second-quarter sales growth for the S&P 500 is at its highest level in almost five years, with energy companies in the index reporting a 42.5% revenue increase, according to MarketWatch.
The share of stocks outperforming the S&P 500 has reached its highest level in four years, signaling a rotation away from a handful of megacap leaders.
Upcoming US consumer price data arrives with equity indexes at records and investors debating whether the Federal Reserve's next move is a cut, a hold, or a hike.