Luke Kawa7/9/25

US stocks rise, with bitcoin and Nvidia reaching new milestones

The S&P 500 rose 0.6%, the Nasdaq 100 gained 0.7%, and the Russell 2000 advanced by 1.1% on Wednesday.

Bitcoin reached a fresh record high for the first time since May, hitting a peak of 112,009.39. And Nvidia joined the $4 trillion market cap club, a league of its own.

Every S&P 500 sector ETF rose outside of consumer staples, energy, and real estate; utilities was the best-performing. AES, a power provider to hyperscalers, jumped nearly 20% after Bloomberg reported that it’s considering a sale.

Amazon’s Prime Day is looking like a huge flop, with sales reportedly down 41% in Day 1 compared to last year, but no one seems to care: the stock was up on the day and basically trading flat from where it was right before reports of weakness in the first few hours of Prime Day sales surfaced on Tuesday.

Hims & Hers rose 4.5% after announcing it will offer a generic version of Novo Nordisk’s weight-loss shot in Canada next year.

Robinhood rose 3.6% after Bank of America boosted its price target on the brokerage to $112 from $95.

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

Plug Power saw one of the biggest days for call-buying in its long and tumultuous history, propelling shares up 25% amid news that it’s buying a lot of liquid hydrogen from an unnamed partner.

Tilray shares were also a beneficiary of hot options demand, jumping 15%.

Alibaba slumped after rival JD.com announced a $1.4 billion plan to increase its footprint in the food delivery business.

Bitcoin treasury companies are not enough: GameSquare soared 40% after its board approved an ethereum treasury strategy.

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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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