Top 10 Things to Watch Thursday, July 9

S&P 500 Nasdaq SK Hynix

Quick Look

Markets anticipate a higher open for the S&P 500, with Nasdaq futures boosted by chip stocks.
SK Hynix's US listing is oversubscribed.
PepsiCo reported mixed results, while Five Below and Solstice Advanced Materials saw upgrades.

AI-generated summary

Font size

Markets anticipate a higher open for the S&P 500, with Nasdaq futures boosted by chip stocks. SK Hynix's US listing is oversubscribed. PepsiCo reported mixed results, while Five Below and Solstice Advanced Materials saw upgrades. AstraZeneca's drug trial failure impacted its stock and Ionis Pharmaceuticals. Tractor Supply and AeroVironment were downgraded.

Read the full article on CNBC

Stocks rebounded Thursday, with the S&P 500 gaining nearly 1% and the Nasdaq jumping over 1%, as investors dismissed concerns about U.S.-Iran conflict escalation. Meta Platforms plans to aggressively ramp up AI compute capacity, releasing its strongest model yet, Muse Park 1.1, with an API for developers. FedEx launched a dedicated healthcare unit, while Starbucks aims to use AI for in-house software tools.

CNBC

Developing·3h ago

Anduril CEO Not Rushing IPO Amid Market Volatility

Anduril CEO Brian Schimpf stated the defense tech company is not in a hurry to go public due to current market conditions and high valuations. He believes a successful IPO requires investor returns, and a hype cycle is a bad time to launch. Despite increased demand for defense tech, the IPO market remains tepid.

CNBC

Developing·3h ago

Massive $24 Million Options Trade Signals Bullish Bet on Nasdaq-100

A trader placed a $24 million, three-part call spread on the Invesco QQQ Trust ETF, betting on the Nasdaq-100 index reaching an all-time high by the end of July. This high-conviction trade, despite recent market volatility, suggests a strong bullish outlook.

CNBC

Business·4h ago

Salesforce Downgraded by KeyBanc, Jim Cramer Stays Cautiously Optimistic

Salesforce downgraded by KeyBanc to 'hold' due to concerns over AI impact on its business model, but Jim Cramer remains cautiously optimistic, citing CEO Marc Benioff's defense of Agentforce's progress.

CNBC

Developing·4h ago

Federal Reserve Policymakers Divided on Interest Rate Path, Traders Split

Federal Reserve policymakers are divided on future interest rate hikes, with traders on Kalshi showing a slight majority (54%) expecting a hike this year. The Fed's June meeting minutes revealed differing views among participants regarding the appropriate rate level by year-end.

CNBC

Developing·4h ago

Kalshi Traders Predict Higher Gas Prices for Longer Amid US-Iran Tensions

Traders on prediction market platform Kalshi anticipate elevated gas prices for an extended period due to renewed US-Iran strikes and uncertainty in the Strait of Hormuz. Odds for prices above $3.50 on election day have risen significantly.

CNBC

Top 10 Things to Watch Thursday, July 9

Quick Look

Related Topics

Related Stories

Stocks Rebound as Investors Shrug Off U.S.-Iran Tensions; Meta Ramps Up AI, FedEx Launches Healthcare Unit

Anduril CEO Not Rushing IPO Amid Market Volatility

Massive $24 Million Options Trade Signals Bullish Bet on Nasdaq-100

Salesforce Downgraded by KeyBanc, Jim Cramer Stays Cautiously Optimistic

Federal Reserve Policymakers Divided on Interest Rate Path, Traders Split

Kalshi Traders Predict Higher Gas Prices for Longer Amid US-Iran Tensions