(Getty Images)

S&P 500 books a fresh record closing high ahead of Nvidia earnings

A milestone before the big event.

8/27/25 4:21PM

The S&P 500 finished with a record close on Wednesday, up 0.2%. The Nasdaq 100 rose 0.2% and the Russell 2000 outperformed with a 0.6% advance.

Energy was the best-performing S&P 500 sector ETF, up more than 1% while healthcare and industrials were the only (very modest) groups to finish in the red.

Gains on the day were led by Albemarle, which jumped 7.5% after Bank of America reiterated its “buy” rating on the stock and set an $84 price target. Declines were led in part by J.M. Smucker, which fell 4.3% after the pantry giant’s fiscal Q1 results undershot Wall Street expectations. Elsewhere…

MongoDB jumped 38% after the database software company posted much better-than-expected fiscal Q2 results before the bell on Wednesday.

Kohl’s shares surged 24% after the department store chain posted blowout second-quarter earnings and tightened its full-year forecast.

Canada Goose shares soared 16.1% following reports that controlling shareholder Bain Capital is exploring a sale of the luxury parka maker.

American Eagle shares rebounded, climbing 8.6% after announcing a collaboration with Kansas City Chiefs tight end Travis Kelce (aka Taylor Swift’s fiancé) through his Tru Kolors clothing brand. Meanwhile, Signet Jewelers gained 6.3%, extending Tuesday’s brief pop on the stars’ engagement news.

Cracker Barrel shares jumped 8% after the Southern-themed restaurant chain switched its logo back to the original design following a flood of backlash from fans.

Krispy Kreme shares fell 3.5% after JPMorgan downgraded its rating on the stock to “underweight” (sell) from “neutral,” citing doubts about the company’s turnaround strategy.

Abercrombie & Fitch shares dipped 1.3% after the mall retailer posted a Q2 beat and hiked its full-year forecast while warning of a bigger tariff hit.

PayPal shares fell in premarket trading but closed largely flat following reports that the fintech company faced payment disruptions in Germany.

Luke Kawa

7/13/26

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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.

Luke Kawa

7/2/26

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

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Luke Kawa

7/1/26

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

S&P 500 books a fresh record closing high ahead of Nvidia earnings

More Markets

SpaceX gets a wave of bullish ratings from Wall Street analysts

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Latest Stories