Today At A Glance:

U.S. stock markets bounced back sharply, recovering most of Friday’s steep losses prompted by weak labor data and mounting tariff tensions. The surge reflected growing bets on a September Fed rate cut after the July jobs report missed expectations and downward revisions to May–June data. Tech, growth, and meme‑stock names led gains, while defensive sectors also improved as volatility eased and yields moved lower. Palantir, Tesla, Spotify, and Idexx were standout movers on earnings wins, partnerships, and corporate developments. Broader sentiment improved amid rising rate‑cut probabilities and bargain‑hunting after the prior session’s crash.

Today’s Index Performance:

• Dow Jones Industrial Average (^DJI): Opened near 43,889.80 and closed at 44,173.64, up +1.3% (≈ +585 points).
• S&P 500 (^GSPC): Rose +1.5% to close at 6,329.94, reclaiming much of the previous day’s loss.
• Nasdaq Composite (^IXIC): Climbed about +2.0% to 21,053.58, leading the rebound.

Gainers Of Note:

• Palantir Technologies (NYSE: PLTR) – Data analytics and AI firm; gained ~4% ahead of its earnings report and was bolstered by news of a 10‑year, $10 billion U.S. Army contract.
• Tesla (NASDAQ: TSLA) – EV and AI platform giant; rose ~2.2% after shareholders approved a $29 billion CEO compensation package for Elon Musk.
• Joby Aviation (NYSE: JOBY) – Electric air taxi developer; surged ~17–19% following its announcement to acquire Blade Air Mobility in a strategic deal.

Losers Of Note:

• TG Therapeutics (NASDAQ: TGTX) – Biopharmaceutical company; fell ~8% after reporting disappointing trial data for its experimental multiple sclerosis treatment.
• ON Semiconductor (NASDAQ: ON) – Chip manufacturer; dropped ~16% despite meeting earnings expectations, as revenue declined 15% and guidance fell short.
• Bruker Corporation (NASDAQ: BRKR) – Scientific instruments maker; declined ~7% following a Q2 earnings miss and weaker-than-expected demand in key markets.

Active Traders Of Note:

• Spotify Technology (NYSE: SPOT) – Music streaming service; traded heavily and rallied ~7.6% after announcing a premium subscription price hike.
• CommScope (NASDAQ: COMM) – Telecom infrastructure provider; skyrocketed ~86% after unveiling its $10.5 billion acquisition by Amphenol.
• Idexx Laboratories (NASDAQ: IDXX) – Veterinary diagnostics equipment specialist; jumped ~27% on stronger-than-expected earnings and raised full-year guidance.

Looking Forward:

The rebound underscores renewed investor confidence driven by hope for imminent Federal Reserve rate cuts and attractive valuations after the recent selloff. Attention now shifts to upcoming earnings from Disney, McDonald’s, Uber, and other names that could either reinforce or rattle sentiment. Trading remains volatile, and further labor data or policy developments could quickly change the tone.

Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.

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