Strong and muscular bull in Spain

S&P 500 closes at record despite Nvidia’s post-earnings dip

A fresh record close for the benchmark US stock index.

8/28/25 4:40PM

The S&P 500 posted another record close, rising 0.3% on Thursday. That’s despite the biggest stock in the world, Nvidia, falling a little less than 1% after reporting solid but unspectacular Q2 results.

The Nasdaq 100 outperformed with a 0.6% advance while the Russell 2000 rose 0.2%.

Tech was the best-performing S&P sector ETF, while defensive pockets of the market like utilities, consumer staples, healthcare, and real estate all declined.

Gains on the day were led by Datadog and Fair Isaac, which rose 7% and 6.2%, respectively. Hormel Foods was at the bottom of the S&P 500’s leaderboard, sinking 13% after the company missed Q3 earnings estimates and warned that higher commodity price were weighing on profits. Elsewhere…

Pure Storage shares soared 32%, just inches from a record high, after the data storage company issued a beat-and-raise Q2 earnings report.

Build-A-Bear soared 14.7% after posting record Q2 earnings and revenue, raising its outlook as it opens more than a dozen new stores and scales back promotions.

CoreWeave climbed 6% after Nvidia’s light Q2 data center miss was chalked up to supply constraints, a positive for CoreWeave, which provides overflow GPU access.

Burlington Stores shares jumped 5.4% after the off-price retailer reported second-quarter results that beat Wall Street forecasts and raised its full-year guidance.

Victoria’s Secret shares rose as much as 9% before ending flat after the intimates retailer posted strong Q2 results and raised its full-year sales outlook. Similarly...

Dollar General rose as much as 2% before closing flat after the discount chain crushed Q2 earnings and boosted its full-year profit guidance.

Best Buy shares fell 3.7% after the electronics retailer delivered a solid Q2 as shoppers picked up more gadgets, but held its full-year guidance steady as tariffs loom.

Bath & Body Works shares fell 6.9% after the lotion and soap maker posted mixed Q2 results, with shoppers still stocking up but rising administrative and store costs eating into profits.

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 closes at record despite Nvidia’s post-earnings dip

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