Today At A Glance
Major indexes climbed, with the S&P 500 and Nasdaq marking new all-time highs and the Dow inching closer to its December peak, fueled by optimism in airlines and chipmakers. Copper surged to record highs after President Trump confirmed a 50% tariff on copper imports starting August 1, boosting mining and materials stocks. Delta Air Lines rallied ~12% after an upbeat Q2 earnings and a strong full-year forecast, leading the transportation sector higher. WK Kellogg soared ~31% upon news of a $3 billion acquisition by Ferrero, bolstering consumer stocks. Conagra Brands dipped ~4% after issuing weak results and warning that tariffs could tack on $200 million in costs.
Today’s Index Performance
- Dow Jones Industrial Average (^DJI): Opened near 44,473, closed at 44,650.46, up 0.4%.
- Nasdaq Composite (^IXIC): Opened near 20,611, closed at 20,630.66, up 0.1% and closing at a record high.
- S&P 500 (^GSPC): Opened around 6,260, closed at 6,280.46, up 0.3%, marking its highest-ever close.
Gainers Of Note
- Delta Air Lines (NYSE: DAL): Major U.S. airline; gained +12% on a strong Q2 performance and raised outlook.
- WK Kellogg (NYSE: KLG): Breakfast cereal maker; jumped +31% after Ferrero initiated a $3 billion acquisition offer.
- Advanced Micro Devices (NASDAQ: AMD): AI chipmaker; soared ~4.15% after HSBC doubled its price target, citing strong AI prospects.
Losers Of Note
- CoreWeave (NASDAQ: CRWV): Nvidia-backed AI compute firm; tumbled ~9.6% on technical breakdowns and profit-taking.
- Rubrik (NASDAQ: RBRK): Cybersecurity software provider; fell notably on security-sector weakness.
- Palo Alto Networks (NASDAQ: PANW): Network-security specialist; ended lower with sector peers under pressure.
Active Traders Of Note
- Nvidia (NASDAQ: NVDA) – Reached a historic $4 trillion market valuation, fueling high-volume trading and broad tech enthusiasm.
- Delta Air Lines (NYSE: DAL): High volume alongside its +12% jump as momentum-driven trading followed its outlook beat.
- Millrose Properties (NYSE: MRP): Real estate IPO; strong volumes and price movement after technical breakout.
Looking Forward:
Markets appear resilient, but trade tensions—especially the Canada tariff—could pose intermittent headwinds. AI leaders and airlines continue to steer the rally, although investors await corporate earnings and Fed clarity later this month. A balanced positioning across tech, industrials, and cyclicals may be prudent as policy and trade narratives evolve.
Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.
THIS NEWSLETTER IS PARTNERED WITH ROBINHOOD.COM AND IS FINANCIALLY SPONSORED BY THAT SERVICE.
TO BEGIN YOUR INVESTMENT JOURNEY TODAY, USE THIS LINK TO SET UP YOUR ACCOUNT.