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Heard on the Street Recap: Peace Signs
The Wall Street Journal82d agoneutral
Heard on the Street Recap: Peace Signs

Nvidia closed 1.8% lower. The chip giant reported record sales and income that beat analyst expectations, driven by demand for data-center computing and the rise of AI agents. Nvidia’s stock is up 67% over the past 12 months, making it the largest publicly listed company in the world, with a market value of nearly $5.4 trillion.

Spaceships, Quantum Chips Woo Investors Away From Consumer Concerns
The Wall Street Journal82d agoneutral
Spaceships, Quantum Chips Woo Investors Away From Consumer Concerns

Spaceships and quantum chips are becoming the latest objects of investors’ fascination—and the latest opportunity to exist in a world away from warning signs about U.S. consumers and fickle peace talks between the U.S. and Iran. Taken together, there is a sharpening contrast in markets between the wartime inflation surge and the promise of AI, aerospace, and emerging tech—which benefited Thursday from Nvidia strong earnings, federal investment in quantum computing and SpaceX’s leap toward the biggest IPO in history. “It’s really a dichotomy when you look at the consumer,” said Ken Mahoney, chief executive of Mahoney Asset Management.

Dow Jumps 300 Points and Heads for Record
Barrons.com82d agobullish
Dow Jumps 300 Points and Heads for Record

Stocks rebounded as oil prices slid in the afternoon, a reflection of how the Middle East is dominating trader sentiment. Dow was up 299 points, or 0.6%, and on pace for its first closing high since February. Brent crude price is now down 0.5% as opposed to a gain of near 4% seen earlier in the day.

Walmart Stock on Pace for Biggest Drop Since 2023
The Wall Street Journal82d agobearish
Walmart Stock on Pace for Biggest Drop Since 2023

Walmart shares are down sharply Thursday morning after the company’s guidance for the rest of the year disappointed some investors. Shares were recently down 6.6% to $122.27, making it the worst performer in the Dow Jones Industrial Average.

Stocks, Bonds Fall as Middle East Worries Outweigh AI Enthusiasm
Barrons.com82d agobearish
Stocks, Bonds Fall as Middle East Worries Outweigh AI Enthusiasm

Stocks were down, feeling the burn from rising bond yields and oil prices as traders see a U.S.-Iran resolution slipping further away. The Dow was down 0.3%, though it closed less than half a percent point from a record level. The latest pressure comes from a Reuters report that said Iran’s Supreme Leader Mojtaba Khamenei has ordered to keep the country’s near-weapons-grade uranium in Iran, rather than send them abroad as the U.S. wants.

Why Tesla Stock Is Up After the SpaceX IPO Filing
Barrons.com82d agoneutral
Why Tesla Stock Is Up After the SpaceX IPO Filing

Tesla stock rose early Thursday after SpaceX filed its IPO registration statement, fueling speculation about a megamerger between the two companies as their ties and overlap deepen. Tesla stock was up 1.2% in premarket trading at $422.18, while and futures were down 0.3% and 0.2%, respectively. The move comes after the Wednesday evening release of SpaceX’s IPO filings.