Walmart’s on its longest losing streak since 2004

OK, the folks in Bentonville might be taking the “everyday low prices” thing a little too far.

Walmart gave up early gains on Monday to finish slightly negative, and in so doing extended its streak of sessions with a decline to nine.

That ties streaks from 2011 and 2014, and marks the longest such romp in the red since 2004.

That ugly run in June 2004 was driven by a cut to Walmart’s sales forecast, with peer Target following suit soon thereafter.

This time... there really hasn’t been that much company-specific news to speak of. While it’s been a long decline, it hasn’t been an especially steep drop: since June 3, shares are down 5.7%.

The stock’s off another 0.5% in early trading.

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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.

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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

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.

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