Luke Kawa1/14/25

S&P 500 inches higher with earnings season about to begin

The S&P 500 gave back a solid advance early in trading but managed to return to positive territory by the close. The tech-heavy Nasdaq 100 fell 0.1%. The Russell 2000 booked a strong 1.1% gain.

Most S&P 500 sector ETFs moved higher with utilities, materials, financials, industrials, and energy all up more than 1%. Communication services and healthcare were the laggards.

All members of the Magnificent 7 declined. Meta led the way down, with the stock (as well as fellow social-media company Snap) seemingly suffering over uncertainty around last-minute attempts to keep TikTok viable in the US.

Eli Lilly was the worst-performing member of the S&P 500 after its GLP-1 sales meaningfully missed analysts’ estimates.

Shares of Robinhood Markets soared after Morgan Stanley and Bernstein recommended the shares and the trading firm reached a settlement with the SEC. (Sherwood News is an independent subsidiary of Robinhood Markets.)

Quantum-computing stocks spiked as B. Riley boosted its price targets on Rigetti Computing and D-Wave Quantum.

Meme stocks GameStop and AMC got clobbered.

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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%

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.

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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

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