Luke Kawa7/3/25

Solid jobs report helps US stocks end week on a high note

A solid June nonfarms payrolls report, with the unemployment rate unexpectedly dipping to 4.1%, was all US stocks needed to end the holiday-shortened week on a strong note.

The S&P 500 rose 0.8% while the Nasdaq 100 and Russell 2000 gained 1%. The benchmark US stock index and tech-heavy gauge ended the week at fresh closing records.

Tech was the best-performing S&P sector ETF as the Commerce Department reversed some restrictions on semiconductor design firms from about a month ago. On that note, Cadence Design Systems and Synopsys were standout performers.

Consumer staples and materials were the only sectors to (barely) end in the red.

Datadog jumped on news it was being added to the S&P 500.

Tripadvisor rose after The Wall Street Journal reported that Starboard had built an activist position in the travel company.

Lucid gained on strong second-quarter sales.

Robinhood, meanwhile, gave back some of its recent surge amid some confusion over technical details relating to its recent token announcement.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

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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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