Nia Warfield6/11/25

Market rebound stalls as investors weigh trade talks and cooler inflation numbers

US stocks closed lower Wednesday, ending the S&P 500’s three-day win streak as Wall Street sifted through a number of headlines. On the trade front, US-China negotiations resulted in a preliminary agreement to revive last month’s Geneva tariff truce and ease rare-earth export limits.

Meanwhile, May inflation came in cooler than expected, with minimal impact so far from recent tariffs. The S&P 500 slipped 0.27%, the Nasdaq shed 0.50%, and the Russell 2000 dropped 0.38%.

Energy led the market for the second day, with utilities the only other sector in the green, while materials and consumer discretionary lagged. Starbucks led the day’s gains, up 4% after the coffee chain debuted new AI-powered tech and got a price target hike. American Airlines, Delta, and JetBlue were among the worst performers after the latest inflation numbers showed airfare was declining. Elsewhere...

Tesla rose as much as 2% before closing flat after CEO Elon Musk walked back his recent comments about President Trump and floated a new date for the company’s robotaxi rollout.

Dave & Buster’s climbed 17% after the adult arcade chain missed Q1 profit estimates but said traffic is starting to bounce back.

Lockheed Martin fell over 4% after reports that the Pentagon halved its order for the company’s popular F-35 fighter jets.

Victoria’s Secret fell 5% after the lingerie retailer topped Q1 revenue forecasts but lowered its full-year profit outlook, citing a $50 million tariff hit.

Snap ticked up about 1% after announcing its latest iteration of smart glasses, with new AI-powered Specs set to debut next year.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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