Stock Market Daily ·
Stocks Rebound as Oil Slide Calms Yields Ahead of Nvidia Earnings
US stocks rebounded Tuesday as falling oil prices — Brent dropped below $90 after Washington shifted from Iran strikes to sanctions — knocked the 10-year Treasury yield down to 4.658%. The S&P 500 rose 0.41% to 7,684.11 and the Nasdaq gained 0.86% to 26,202.59, while Dick's Sporting Goods plunged about 30% on weak guidance and consumer confidence slipped to 89.4. Nvidia reports earnings Wednesday, with investors focused on hyperscaler demand.
12 sources1 min read
Stocks Rebound as Falling Oil Prices Calm Bond Market The S&P 500 rose 0.41% to 7,684.11 and the Nasdaq gained 0.86% to 26,202.59, while the Dow was flat. Brent crude fell more than 3% to below $90 a barrel after the US shifted from Iran strikes to sanctions, pulling the 10-year Treasury yield down to 4.658%. 12345
Dick's Sporting Goods Plunges 30% After Earnings Miss, Weak Foot Locker Outlook The retailer missed Q2 expectations and cut its Foot Locker comparable-sales outlook, citing a 'challenging' athletic footwear and apparel market. Dick's own stores still grew comparable sales 4.9%, helped by World Cup demand. 1567
US Consumer Confidence Falls to 89.4, Missing Forecasts The Conference Board's August index came in below the 90.1 consensus, with July revised down to 90.2. Weakening labor-market perceptions and lingering price concerns could weigh on spending and influence the Fed's September rate decision. 89
Nvidia's Hyperscaler Dependence Faces Test in Wednesday Earnings Nvidia reports fiscal Q2 results Wednesday with investors focused on its reliance on Amazon, Google and Microsoft for bulk GPU purchases. The stock is down about 11% from its May peak, and JPMorgan expects another beat-and-raise. 1011
AMD and Intel Jump 3% on Upgrade and Pelosi Trade Disclosure AMD rose after Raymond James upgraded it to Strong Buy with a $641 target, while Intel gained on a disclosed Paul Pelosi trade. Nvidia and Broadcom ticked up about 1% ahead of Nvidia's earnings. 12
Stock Market Daily
Equities, earnings, and the movers — the market's day in a cited morning read.