Luke Kawa4/15/25

US stocks slip on poor progress in trade talks with the EU

Major indexes gave up early gains after the European Union’s trade negotiator cited little progress or clarity in talks with the US. The S&P 500 finished down 0.2%, while the Nasdaq 100 eked out a 0.2% gain and the Russell 2000 ended up 0.1%.

Most S&P 500 sector ETFs finished in the red, with tech, communication services, and financials delivering the best returns on the day.

Netflix was one of the best performers in the S&P 500 after touting plans to double its revenues by 2030. Bank of America similarly had a strong session after exceeding analysts’ expectations on revenues and profits in Q1 while maintaining its full-year guidance.

Albertsons was at the bottom of the leaderboard after posting underwhelming guidance.

Boeing faced selling pressure after China ordered its airlines to stop taking deliveries of its jets.

Johnson & Johnson finished modestly lower despite reporting better-than-expected earnings and relatively rosy guidance.

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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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