Closing changes:
Intel and United Health helped to fuel a gain in the Dow despite 2.9% drop in Apple. Broader tech struggled but did finish well above the lows.
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Memory chip stocks tumble on Google's AI efficiency news; AMAT down 8%, still up YTD.
SMCI plunges 7.65% on lawsuits & downgrades, despite 2,435% IPO growth. Legal risks loom.
Trump says Iran asked for the pause. Iran says no it did not. Whatever, where we are at is paused, regardless. Oil flow remains constipated with Hormuz blocked.
OLPX surges 51% on $1.4B Henkel buyout, ending its rough public run. Valuation was a fraction of IPO.
Corvette Grand Sport returns w/ 535 HP V8! E-Ray replacement boasts 721 HP. Performance boost signals strong market demand.
Fed’s Cook says Iran war and tariffs are pushing inflation risks higher, warning impacts could be substantial and move the Fed further from its 2% target, as markets scale back expectations for near-term rate cuts.
Oil surges 4.9% to $101.98 amid geopolitical fears. LIND, VIK, PSKY drop. VIK trades 10.2% below 52-wk high.
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