Today At A Glance:

Stocks edged higher after a late-day push, leaving the S&P 500 and Nasdaq back within sight of record highs. By the close the S&P 500 rose ~0.4%, the Dow +0.3%, and the Nasdaq +0.4%, while small caps outperformed (+0.8%). Traders largely looked past political drama around the Fed and focused on steady rate-cut odds into September. Standout movers included EchoStar (on a $23B spectrum deal with AT&T) and Boeing (on Korean Air’s record aircraft order). Health care led as Eli Lilly jumped on positive obesity-drug data; overall NYSE/Nasdaq volume ran a touch light versus recent averages.

Today’s Index Performance

• Dow Jones Industrial Average (^DJI): The Dow opened today at 45,236.83 and closed at 45,418.07, a +0.40% change.
• S&P 500 (^GSPC): The S&P 500 opened today at 6,435.49 and closed at 6,465.94, a +0.47% change.
• Nasdaq Composite: The Nasdaq opened today at 21,443.63 and closed at 21,544.27, a +0.47% change.

Gainers Of Note

• EchoStar (NASDAQ: SATS) – Satellite & wireless networks; surged ~70% after AT&T agreed to buy spectrum licenses for about $23B.
• Semtech (NASDAQ: SMTC) – Analog/mixed-signal chips & IoT; jumped ~14–15% after beating estimates and highlighting improved margins.
• HEICO (NYSE: HEI) – Aerospace parts & MRO; rose ~9% on record results and upbeat demand commentary.

Losers Of Note

• Keurig Dr Pepper (NASDAQ: KDP) – Beverages & coffee systems; fell ~6–7% in a second-day slide after unveiling an $18B JDE Peet’s deal and planned breakup.
• Newegg Commerce (NASDAQ: NEGG) – E-commerce electronics retailer; dropped ~19%, with no single catalyst as momentum cooled among recent high-beta movers.
• Constellation Brands (NYSE: STZ) – Beer, wine & spirits; slipped ~3% after a Bank of America downgrade citing softer beer demand.

Active Traders Of Note

• Nvidia (NASDAQ: NVDA) – AI/semis; traded heavily ahead of Wednesday’s earnings, a key sentiment swing-factor for AI.
• Eli Lilly (NYSE: LLY) – Pharma; high volume as shares rallied on trial data showing its oral therapy cut weight by ~10.5% in diabetes patients.
• AT&T (NYSE: T) – Telecom; active on the $23B spectrum purchase from EchoStar, positioning for 5G/home-internet expansion.

Looking Forward:

With indexes near highs and the S&P 500’s forward P/E elevated, Nvidia’s results now loom large for tech leadership and broader risk appetite. Markets remain biased to a September rate cut, but Thursday’s data and Friday’s PCE could re-shape odds and sector rotation. Expect positioning to stay tactical: momentum names may trade around earnings headlines, while defensives could catch bids if yields pop again.

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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