Luke Kawa1/30/25

US stocks shrug off Trump’s tariff pledge to finish higher

The S&P 500 and Nasdaq 100 rose 0.5% while the Russell 2000 gained 1.1% on Thursday.

Utilities were the best-performing S&P 500 sector ETF. Vistra, which was crushed on Monday’s DeepSeek sell-off, continued its fierce bounce back with a double-digit gain. Every sector rose, with tech and communication services lagging.

Shares of Microsoft plummeted after posting underwhelming cloud revenue growth, with the stock now significantly trailing the Nasdaq 100 since the launch of ChatGPT.

Mark Zuckerberg’s renewed commitment to an AI spending binge helped lift shares of Meta. Broadcom, a key partner for Meta in its AI build-out, soared.

IBM had its best day since the dawn of the new millennium as its AI strategy bore fruit.

Alphabet jumped as Waymo announced plans to expand its autonomous vehicles to San Diego and Las Vegas.

Despite profits tumbling, Tesla rose. JPMorgan thinks it’s absurd the stock went up today.

GM and Ford erased gains to finish lower after President Trump committed to 25% tariffs on imported goods from Canada and Mexico.

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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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