A short week, but a big one. Markets were closed Friday for the Fourth — but Wall Street still delivered a historic run and a plot twist. Here's the recap.

It started with a bang: Monday the Dow closed above 52,000 for the first time ever (Alphabet joined the index), and Tuesday capped a blowout second quarter — the S&P up 15% and the Nasdaq up 21%

Then Wednesday brought a gut check. Red-hot chip stocks — some of which doubled investors' money this year — took a breather, partly on a report that Meta is entering the cloud business (which spooked "neocloud" rivals like CoreWeave and Nebius) but chip stocks fell mostly due to profit taking.

Micron gave back ~14% on the week. But the money rotated into banks, industrials, and consumer names — a healthy broadening, not a breakdown.

On Thursday, a weak June jobs report (+57,000, well below expectations) actually lifted the market, sending the Dow to its 20th record of the year — because soft jobs data makes it less likely the Fed raises rates.

Where the week landed: Dow 52,900.07 (week +2%) — record S&P 500 7,483.24 (week +1.8%) Nasdaq 25,832.67 (week +2.1%) Russell 2000 2,996.11 (week -0.4%)

This week: the Fed minutes (Wednesday) and a little quiet before earnings season kicks off next week. Subscribe for daily market updates!

Wall Street opened the third quarter with a pullback — but it looked more like healthy profit-taking than trouble. Here's everything from Wednesday.

The story of the day was rotation. Chip stocks like Micron and Sandisk fell ~10% — but not on bad news. After a historic run (many names up 80-100%+ in six months), investors simply booked profits. And the telling part is where that money went: into banks and telecom (Financials and Communication Services), not out of the market. Analysts call that healthy — a sign the rally is broadening, not breaking.

The day's big winner was Meta, up ~9% on a report it's building a business to sell its extra AI computing power — the same model behind Amazon's AWS and Microsoft's Azure. It finally answers how Meta earns a return on the hundreds of billions it's spending on AI. The flip side: "neocloud" rivals CoreWeave and Nebius tumbled 14-17%.

Where things closed: Dow 52,305.24 (-0.03%) S&P 500 7,483.23 (-0.22%) Nasdaq 26,040.03 (-0.66%) Russell 2000 3,012.59 (-0.39%)

A few more: Michael Burry ("The Big Short") revealed his first-ever short bet against Caterpillar (-7%), citing a 30-year-high valuation. AOL's owner, Bending Spoons, popped ~40% on its Nasdaq debut. And a soft private-payrolls report set the stage for this morning's official jobs number.

All eyes on the June jobs report (a day early, before the July 4 close). Save this for later, and subscribe for a plain-English market update every morning.

#stockmarket #investing #marketupdate #meta #bellclub

Nike just "beat" earnings expectations — but the headline number is hiding something.Here's the breakdown from yesterday's market action:Wall Street just wrapped its best quarter since 2020 — the S&P is up almost 9.5% this year, the Nasdaq nearly 13%.Nike reported EPS of 72 cents vs. the 19 cents expected. Sounds huge, right? Except more than half of that came from a one-time tariff refund. Strip it out and Nike's actual business roughly met expectations — while revenue fell 1%.Concentrix (an outsourcing/call center company) dropped 11% after warning that clients are shifting work to AI systems instead of humans — a real-time example of AI disruption showing up in a stock price.ABIVAX jumped 39% on strong drug trial data.Circle Internet Group fell 17% after news that Visa, Stripe, and 100+ firms are launching a competing stablecoin.The lesson from today: a headline earnings "beat" and a healthy business aren't always the same thing. Save this for the next time you see a company "smash estimates."Drop your questions below.

The Dow hit a record while the Nasdaq fell a fourth straight day — and the AI boom just showed up on your next laptop's price tag.

Apple and Microsoft both raised hardware prices and blamed the same thing: the AI memory crunch. The chips in your laptop are being gobbled up by AI data centers, so they're scarce and expensive — and that cost lands on you. Apple fell 6%, Microsoft 3.5%, dragging the Nasdaq down.

Meanwhile, the Fed's favorite inflation gauge ran its hottest in three years (4.1%) — more than double its 2% target. Rate cuts this year look off the table.

A couple of bright spots: BlackBerry popped 20% on a real car-software-and-cybersecurity turnaround, and Qualcomm rose on a data-center chip deal with Meta.

$AAPL $MSFT $BB $QCOM #stockmarket #investing #stocks #apple #inflation

For most of the session yesterday, stocks just drifted as Wall Street waited on Micron's earnings. The Dow eked out a gain, the S&P finished flat, and the Nasdaq slipped as chips dipped.

Crude cratered almost 5% to about $70 a barrel, its lowest in four months, as tankers flowed freely through the Strait of Hormuz again. Cheaper oil eases inflation fears, which pushed the 10-year Treasury yield down — and that's a tailwind for small caps. So the Russell 2000 rose even as megacap tech dragged.

After the bell rang, and Micron stole the show. The memory-chip maker reported revenue that nearly doubled from the prior quarter, blew past profit expectations, and — the part investors wanted most — guided next quarter to around $50 billion, far above forecasts. The stock ripped 15%+ after hours. The read-through is bigger than one company: the AI build-out is still starving for memory, and supply can't keep up.

Where things closed: Dow 51,848.90 (+0.35%) S&P 500 7,358.22 (-0.10%) Nasdaq 25,476.64 (-0.43%) Russell 2000 2,986.63 (+0.37%) WTI Oil $69.85 (-4.59%)A few more: all 32 big banks passed the Fed's stress test (a green light for dividends and buybacks), meme traders squeezed Wendy's up 26%, and Alphabet is joining the Dow.

All eyes on this morning's PCE inflation report. Save this for later, and follow for a plain-English market update every morning.

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Micron just reported an impressive earnings beat after the bell, and the stock is up over 15% in after hours trading right now. So let's talk about it!Revenue of $41.5 billion against expectations of $35 billion, EPS of $25.11 versus the $20.39 analysts were expecting, and record gross margins of 84.9%. In this video I break down what Micron does, why they're at the center of the AI trade, and what this blowout quarter means for the broader market — including the real-world cost of the memory shortage that's driving these numbers.$MU $NVDA $AAPL $MSFT#Micron #MU #earnings #AI #semiconductors #stockmarket

Cerebras revenue up 90%. OpenAI deal. Stock still down 13%. Here's why.

📈 First earnings report since their May IPO — beat expectations
🤝 $20B+ multi-year deal to supply OpenAI
📉 Gross margin guided down to 36-38% next quarter — from 47% last quarter
🆚 Nvidia's margin? Mid-70s. That's the problem.
💡 Booming sales are easy to find right now. Durable profits are the harder question.

$CBRS
#Cerebras #stockmarket #AI #Nvidia #investing

The AI trade wobbled again on Tuesday — and this time the shakes went global. Here's the full picture.

It started overnight in Asia, where a rout in memory-chip stocks sent Japan's Nikkei down 3.55%. That selling spilled into U.S. markets at the open yesterday, hammering semiconductors and dragging the tech-heavy Nasdaq down 2.21%. Even small caps slipped.

But this wasn't everyone running for the exits. The Dow, which holds few chipmakers, finished basically flat, and defensive sectors — consumer staples, healthcare, utilities — actually rose as money rotated toward safety. The technology sector, by contrast, sank 3.66%. That's a "flight to safety," not a wholesale panic.

Where things closed:

Dow 51,666.84 (-0.09%)

S&P 500 7,365.46 (-1.44%)

Nasdaq 25,587.04 (-2.21%)

Russell 2000 2,975.48 (-0.96%)

Oil fell to ~$73.

The deeper worry: big tech is pouring unprecedented sums into AI infrastructure, and investors are starting to ask when that spending pays off.

A couple of earnings stories underlined how the market trades on the future: FedEx beat but fell on soft guidance, and Carnival posted record results yet dropped on a weaker outlook. And Bank of America flipped its forecast, now expecting three rate hikes this year.

The one to watch: Micron — the memory-chip maker at the center of it all — reports tonight. Its outlook has become a referendum on whether the AI boom is still accelerating.

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