Nia Warfield6/12/25

Stocks push higher as inflation eases

Stocks continued to come back Thursday as Wall Street digested upbeat economic data and a few strong earnings results. May’s Producer Price Index rose just 0.1% for the month, softer than the 0.2% economists expected. Markets also brushed off recent unilateral tariff threats from President Trump.

The S&P 500 was up 0.38% and the tech-heavy Nasdaq 100 rose 0.24%, while the Russell 2000 sank 0.38%.

Healthcare and utilities led sector gains while communication services lagged.

Oracle topped S&P 500 performers, rising 13% after topping Q4 estimates as the company’s cloud infrastructure revenue soared. On the flip side, Boeing shares sank nearly 5% following the tragic crash of a Boeing 787 Dreamliner.

Elsewhere…

Electric vehicle makers Rivian, Lucid, and Tesla dipped after Trump signed congressional resolutions to revoke California’s ability to set its own emissions standard.

Shares of air taxi maker Joby Aviation fell 8% after Cantor Fitzgerald downgraded the stock to neutral, warning that the company has the highest cash burn rate in the sector.

GameStop shares sank 17% after the company announced yesterday after market close that it plans to raise more debt with a $1.3 billion private offering of convertible senior notes.

Mattel shares jumped as much as 2% before closing flat after the toymaker struck a deal with OpenAI to bring AI-powered toys and games to market.

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

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