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Michael Burry is still short, still warning of a shock on the scale of 1987, and doing so while the Dow sits near all-time highs and the VIX barely stirs. His reasoning traces back to a single, rarely seen S&P 500 signal he says has only appeared three times since 1999.
Wall Street futures pointed modestly higher pre-bell Thursday as petroleum prices eased and as trade
Wall Street closed mixed on Wednesday as investors weighed the latest inflation reading and continued to monitor corporate earnings.
Stock futures were a touch higher on Thursday as investors awaited July wholesale inflation data that will help decide what the Federal Reserve does next. Nasdaq 100 futures were rising less than 0.1%. The Bureau of Labor Statistics is set to release the producer price index for July at 8.30 a.m. Eastern time.
Kevin Warsh and a historically pricey stock market may soon be on the hot seat.
U.S. stock futures are showing modest gains heading into Thursday morning as Wall Street digests cooling inflation data against the backdrop of a prolonged geopolitical impasse in the Middle East. The Polymarket (CRYPTO: POL) crowd is leaning bullish for the...
Asian shares mostly rose in early Thursday trading, as global market optimism continued on prospects for AI stocks and the semiconductor sector. Hong Kong's Hang Seng edged up nearly 0.1% to 25,453.45, while the Shanghai Composite gained 0.4% to 3,961.82. Several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last month.
A softer inflation report that was in line with expectations helped boost stocks today, but overall, it was another fairly uneventful session after a quiet start to the week. The tech-heavy Nasdaq Composite finished up 0.5% today. Outside of the cooler inflation reading this morning, artificial intelligence stocks like Super Micro Computer and Lumentum helped drive stocks higher today, particularly in the Nasdaq, after turning in earnings performances that smashed expectations.
<body><p>STORY: U.S. stocks closed mostly higher on Wednesday, with the Dow the only outlier, ending virtually flat, the S&P 500 gaining about a quarter of a percent, and the Nasdaq adding more than half a percent.</p><p>:: CoreWeave</p><p>Upbeat quarterly results from AI-related firms continued to soothe investor fears about massive capex spending.</p><p>:: CoreWeave</p><p>Shares of CoreWeave, for instance, surged 19% after the AI cloud company lifted its annual capital spending forecast and topped second-quarter earnings estimates.</p><p>Mike Mussio is president of FBB Capital Partners.</p><p>“We continue to see some of these names that sold off dramatically in June and part of July on just general AI over-investment, scare around that, they're actually reporting earnings, and the earnings are kind of saying, 'nothing really to see here.' So some of these same companies and sub-industries within the AI complex that sold off hard are bouncing dramatically. And that's helping lead the Nasdaq higher today.”</p><p>Data center operators also rose, with IREN gaining almost 10% and Applied Digital up nearly 5%.</p><p>:: Nebius Group</p><p>And shares of data center company Nebius Group jumped 34%, helped by second-quarter results that beat expectations.</p><p>Shares of Super Micro Computer surged 19% after the AI server maker forecast fiscal 2027 revenue above Wall Street expectations.</p><p>And chip makers gained, with Nvidia rising 3% and Micron Technology adding about 5%. </p><p>Meanwhile, data on Wednesday showed U.S. consumer prices barely increased in July as the cost of gasoline declined for a second straight month, further reducing expectations of an interest rate hike next month from the Federal Reserve.</p></body>
RH (RH) concluded the recent trading session at $180.25, signifying a -1.42% move from its prior day's close.
Jabil (JBL) concluded the recent trading session at $366.16, signifying a +2.68% move from its prior day's close.
In the closing of the recent trading day, Copart, Inc. (CPRT) stood at $28.99, denoting a -1.39% move from the preceding trading day.
In the most recent trading session, Samsara Inc. (IOT) closed at $39.34, indicating a -2.43% shift from the previous trading day.
In the closing of the recent trading day, AeroVironment (AVAV) stood at $193.81, denoting a -1.13% move from the preceding trading day.
In the closing of the recent trading day, Core & Main (CNM) stood at $46.06, denoting a -1.22% move from the preceding trading day.
In the latest trading session, Signet (SIG) closed at $92.53, marking a -2.31% move from the previous day.
Williams-Sonoma (WSM) closed at $245.15 in the latest trading session, marking a -2.17% move from the prior day.
Okta (OKTA) closed the most recent trading day at $147.3, moving 2.02% from the previous trading session.
In the latest trading session, NetApp (NTAP) closed at $202.02, marking a +1.79% move from the previous day.
Veeva Systems (VEEV) reached $241.51 at the closing of the latest trading day, reflecting a +2.08% change compared to its last close.
In the latest trading session, Walmart (WMT) closed at $116.01, marking a +2.43% move from the previous day.
In the most recent trading session, UiPath (PATH) closed at $15.37, indicating a -2.23% shift from the previous trading day.
Core CPI, which excludes food and energy, advanced 0.2% last month, with the overall annual inflation rate landing at 3.4%.
U.S. stocks were mixed as deadlock in the Middle East offset relatively benign consumer-inflation data and an artificial-intelligence earnings bonanza.
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