Track market-moving stories before they get noisy

On July 24, 2026, Service Corp International (SCI) shares rose 3.8% to $82.33, showing positive momentum in the market. The stock has traded within a 52-week ra

On July 24, 2026, Avery Dennison Corp (AVY) shares rose 3.7% to a current price of $160.90. The stock has seen a 52-week range between $152.42 and $199.54, refl

WillScot Holdings Corporation is rated a soft Buy due to its undervaluation and credible long-term growth strategy despite near-term headwinds. WSC faces declining revenue and profitability, primarily from weakness in non-residential construction and broader economic malaise, partially offset by successful price increases. Management forecasts revenue growth to $3 billion and EBITDA to ~$1.425 billion within 3–5 years, contingent on a construction market recovery.

After a couple of years of beating the market, SoFi Technologies (SOFI -1.14%) has lost its momentum. The fintech specialist's shares have declined 39% since January. What's more, there are still potential risks ahead that could send the stock even lower. Should investors buy SoFi's shares at current levels, or is it best to stay far away from the company right now?

Image source: The Motley Fool.

What's going on with SoFi? SoFi encountered several headwinds this year. Here are three of them. First, the fintech leader was the target of a short-seller report that made alarming allegations. The author of the report, Muddy Waters, an activist short-selling firm, claimed, among many other things, that SoFi inflated its profitability through questionable accounting practices, including overstated loan values.

Second, SoFi's financial results and guidance haven't been as strong as the market anticipated. Third, SoFi appears to be overvalued, even after the stock's decline this year. The company's shares are trading at 28.1x forward earnings, versus an average of 15.2x for financial stocks. Given these headwinds, can SoFi recover?

Today's Change

(

-1.14

%) $

-0.19

Current Price

$

16.46

The path forward Although SoFi's financial results haven't been quite up to market standards this year, they aren't terrible, not by any means. In the first quarter, the company's total revenue increased 43% year over year to $1.1 billion, while its earnings per share rose 100% to $0.12. Many investors expected more, especially given the company's valuation. But the company's forward price-to-earnings has declined significantly and is now about as low as it has been at any point over the past couple of years, and well below its average for this period.

SOFI PE Ratio (Forward) data by YCharts

True, it is still above the industry average, but SoFi is growing revenue and earnings much faster than many of its peers, suggesting it is worth a premium. It's also worth noting that the company's ecosystem continues to expand. In the first quarter, SoFi had 14.7 million members, up 35% year over year. Product growth is also strong, rising 39% year over year to 22.2 million in the period.

But notice that this means the company has only 1.5 products per member, granting it significant room to grow its revenue by cross-selling additional services to its existing user base. SoFi could also see growth accelerate as it launches new products and services, while the company is arguably slowly building a moat through switching costs that will only deepen as its members sign up for more products. With that said, what should investors make of the short-seller report?

SoFi's management strongly denied Muddy Waters' claims. That doesn't mean they are false, but Muddy Waters, like all short-sellers, also has something to gain from SoFi's falling stock price. It's worth keeping an eye on that saga, but for now, my view is that it shouldn't weigh too much on the stock. There are other reasons SoFi remains somewhat risky to invest in, including its heavy reliance on personal loans. The stock will likely be volatile moving forward, whichever way it moves. For investors comfortable with heightened risk, it's worth initiating a small position in the company today.

Owens Corning (OC - Free Report) closed the most recent trading day at $142.34, moving +2.44% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.05%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.64%.

Shares of the construction materials company have appreciated by 1.97% over the course of the past month, outperforming the Construction sector's loss of 4.31%, and the S&P 500's gain of 0.61%.

Market participants will be closely following the financial results of Owens Corning in its upcoming release. The company plans to announce its earnings on August 5, 2026. It is anticipated that the company will report an EPS of $3.06, marking a 27.32% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $2.67 billion, indicating a 2.75% downward movement from the same quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.55 per share and a revenue of $9.93 billion, representing changes of -20.75% and -1.68%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Owens Corning. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.21% increase. Right now, Owens Corning possesses a Zacks Rank of #3 (Hold).

Digging into valuation, Owens Corning currently has a Forward P/E ratio of 14.56. This expresses a discount compared to the average Forward P/E of 18.23 of its industry.

We can additionally observe that OC currently boasts a PEG ratio of 2.7. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Miscellaneous was holding an average PEG ratio of 1.45 at yesterday's closing price.

The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 153, finds itself in the bottom 38% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

On July 24, 2026, GoDaddy Inc (GDDY) shares rose 6.3% to a current price of $93.16. This price is within the 52-week range of $71.59 to $169.61, reflecting a vo

Mr. Market didn't have much of an appetite for Sweetgreen (SG -0.66%) stock over the past few days. The salad-focused healthy cuisine restaurant chain operator fell out of favor due to increasingly stern warnings about the current outbreak of the cyclospora parasite, which has been linked to lettuce.

No cases have been reported at any Sweetgreen restaurant, but since it's a salad purveyor, investors were spooked anyway. According to data compiled by S&P Global Market Intelligence, the company's stock tumbled by almost 15% over the course of the trading week.

A widening outbreak The federal government's Centers for Disease Control and Prevention (CDC) issued its first Health Alert Network advisory last week. Since then, healthcare authorities have issued several updates indicating that cyclospora is spreading.

Image source: Getty Images.

The latest came on Friday, with the Food and Drug Administration (FDA) announcing that the outbreak, thought to originate in central Mexico, appears to have caused illnesses in nine states -- Illinois, Indiana, Kansas, Kentucky, Michigan, Ohio, Oklahoma, Pennsylvania, and West Virginia.

All told, based on findings from the CDC, the parasite has affected 1,947 people. Of these, 98 hospitalizations have been reported, although there have been no fatalities.

Today's Change

(

-0.66

%) $

-0.04

Current Price

$

6.00

Avoidance tactics While we're still some distance from a major, nationwide food healthcare emergency, the spread of cyclospora has been rapid, and caution is more than warranted. Diners will surely avoid restaurants like Sweetgreen, which in turn is going to affect the company's results. I think this stock has further to fall, so I'd avoid investing in it personally.

Summary:

The CHF/JPY is currently in consolidation, with traders seeking for fresh triggers ahead of the BoJ's policy decision on 31 July. Current Setup and Live Chart The CHFJPY remains one of the FX market’s safe-haven currency pairs. Both currencies function as safe-haven assets that attract demand during times of geopolitical escalation. However, differing interest rate expectations between the Swiss National Bank and the Bank of Japan drive demand for both currencies, and this is a key driver of price action in the pair. 

Within the current environment of global risk aversion, the Swiss Franc has attracted stronger flows due to the country’s low inflation, a strong external balance, and the SNB’s policy flexibility. On the other hand, the Bank of Japan’s policy normalization strategy is still largely seen as accommodative. Furthermore, Japan is a net energy importer and the current environment of high energy prices continues to put pressure on the Yen due to the high energy import bills. Recent price action shows that the currency pair is trading within a consolidation, with the 198.76 and 204.37 price levels serving as the price floor and ceiling, respectively. As we head toward the end of July, this leaves traders searching for new triggers to determine the pair’s price direction. 

CHF/JPY Macro Drivers 1) Safe-haven demand

Both currencies receive safe-haven demand during times of heightened geopolitical uncertainty. Specifically, there is demand for government bonds in Switzerland and Japan, the Yen, and CHF-denominated assets. However, there is some degree of relativity when it comes to the shifts in defensive capital flows. The shift in capital flows determines the pair’s direction.

2) Divergent Monetary Policy

Interest rates are low in both countries, but the policy trajectories differ. The SNB is expected to maintain flexibility as long as inflation remains contained.  On the flip side, the BoJ’s policy expectation is gradual normalization, with the potential to tilt toward an acceleration in the tightening process.

3) Geopolitical Uncertainty

The Yen faces additional pressure from geopolitical uncertainty due to its status as a net-energy importer. Uncertainty keeps safe-haven flows elevated and raises the volatility levels across both currencies, with the pair trading within wider ranges than is normally the case.

Price Catalysts for the CHF/JPY 1) Geopolitical developments: The markets will keep watching for new developments and headlines around the military situation as well as the Strait of Hormuz, which is currently blockaded.

2) Central bank communication: Such communication from the Swiss National Bank and Bank of Japan typically centers around interventions. For the SNB, the direction of intervention is to weaken a stronger Franc, while the BoJ usually intervenes to strengthen a weaker Yen within the current geopolitical dispensation. Changes in policy guidance would also change expectations due to the relative differential in the interest-rate status in both countries.

3) Global risk sentiment: The markets are currently in risk-averse mode. Demand for the currencies rises during risk-off periods, while risk-on market environments reduce demand for the CHF and the JPY.

CHF/JPY Forecast Scenarios Base case: the current consolidation mirrors the base case scenario, which is why the pair is currently consolidating. Both currencies are beneficiaries of the geopolitical situation, which means that neither has a competitive advantage over the other based on this metric.

Bull case: if there is stronger demand for Swiss assets, or the BoJ remains slow in normalizing its rate policy, we could see more defensive flows to the Franc and a corresponding rise in CHF/JPY. This will enable the pair to break the upper boundary of the consolidation and pursue new highs.

Bear case: more aggressive policy normalization by the BoJ along with a decline in Swiss yield expectations will trigger the bear case scenario. Furthermore, Yen appreciation from stronger demand during market stress heightening will lead to a stronger Yen relative to the Franc. This will lead to a retracement move in the CHF/JPY, breaking the downside barrier of the range.

CHF/JPY Technical Outlook The pair is currently in consolidation. A break of the upper boundary targets the 211.57 price mark, which serves as the 100.0% Fibonacci extension of the 26 May – 28 October 2025 price swing. A further push to the north brings in the 141.4% Fibonacci extension at 219.51, which is also the end-point of the measured move of the rectangle pattern from its pole commencement point at the 186.11 support (25 July 2025 high).

Fig 1: CHF/JPY daily chart showing key price levels (snapshot taken on 25July 2026) On the flip side, a breakdown of the 197.57 support and 27% Fibonacci extension unlocks access to the 192.39 low of 4 December 2025, followed by a touch down at 186.11 if the bulls degrade this support. This move would invalidate the bullish continuation towards 211.57 and 219.51.

In the latest trading session, Petrobras (PBR - Free Report) closed at $18.77, marking a -1.21% move from the previous day. This change lagged the S&P 500's 0.05% gain on the day. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw a decrease of 0.64%.

The oil and gas company's shares have seen an increase of 15.01% over the last month, surpassing the Oils-Energy sector's gain of 6.52% and the S&P 500's gain of 0.61%.

The investment community will be paying close attention to the earnings performance of Petrobras in its upcoming release. The company is slated to reveal its earnings on August 6, 2026. In that report, analysts expect Petrobras to post earnings of $1.35 per share. This would mark year-over-year growth of 110.94%. Meanwhile, our latest consensus estimate is calling for revenue of $33.44 billion, up 58.94% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.28 per share and revenue of $116.34 billion, indicating changes of +52.86% and +30.44%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.33% downward. Petrobras is currently sporting a Zacks Rank of #5 (Strong Sell).

Investors should also note Petrobras's current valuation metrics, including its Forward P/E ratio of 4.44. This signifies a discount in comparison to the average Forward P/E of 8.99 for its industry.

Meanwhile, PBR's PEG ratio is currently 0.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. PBR's industry had an average PEG ratio of 0.67 as of yesterday's close.

The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 235, placing it within the bottom 5% of over 250 industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

CleanSpark (CLSK - Free Report) closed at $14.53 in the latest trading session, marking a -6.92% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.05% for the day. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw a decrease of 0.64%.

Coming into today, shares of the company had lost 1.64% in the past month. In that same time, the Finance sector gained 1.74%, while the S&P 500 gained 0.61%.

The investment community will be paying close attention to the earnings performance of CleanSpark in its upcoming release. On that day, CleanSpark is projected to report earnings of -$0.29 per share, which would represent a year-over-year decline of 137.18%. Alongside, our most recent consensus estimate is anticipating revenue of $158.26 million, indicating a 20.33% downward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of -$3.19 per share and a revenue of $643.48 million, demonstrating changes of -549.3% and -16.03%, respectively, from the preceding year.

Investors should also note any recent changes to analyst estimates for CleanSpark. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CleanSpark currently has a Zacks Rank of #5 (Strong Sell).

The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 27% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

In the latest close session, Silicon Motion (SIMO - Free Report) was down 6.29% at $270.90. The stock's change was less than the S&P 500's daily gain of 0.05%. At the same time, the Dow added 0.46%, and the tech-heavy Nasdaq lost 0.64%.

Shares of the chip company witnessed a loss of 11.12% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 3.62%, and the S&P 500's gain of 0.61%.

Analysts and investors alike will be keeping a close eye on the performance of Silicon Motion in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. The company is predicted to post an EPS of $2.13, indicating a 208.7% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $403.64 million, indicating a 103.16% increase compared to the same quarter of the previous year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.96 per share and revenue of $1.64 billion, indicating changes of +152.39% and +85.74%, respectively, compared to the previous year.

It is also important to note the recent changes to analyst estimates for Silicon Motion. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.61% higher. Right now, Silicon Motion possesses a Zacks Rank of #1 (Strong Buy).

From a valuation perspective, Silicon Motion is currently exchanging hands at a Forward P/E ratio of 32.26. This signifies a premium in comparison to the average Forward P/E of 24.65 for its industry.

We can also see that SIMO currently has a PEG ratio of 0.6. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Computer - Integrated Systems industry had an average PEG ratio of 0.97.

The Computer - Integrated Systems industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 17, this industry ranks in the top 7% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Futu Holdings Limited (NASDAQ: FUTU) between May 24, 2023 and May 27, 2026, inclusive (the “Class Period”), of the important August 25, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Futu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Futu was not in compliance with the requirements of the China Securities Regulatory Commission (the “CSRC”), including because Futu continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (3) as a result of the foregoing, Futu’s financial results were overstated; and (4) as a result of the foregoing, defendants’ positive statements about Futu’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

Item 1 of 3 The Pad 2 chopsticks hoist Starship 40 at the SpaceX launch complex to stack the spacecraft atop booster 20 as preparations continue for the second attempt of the 13th test flight of the Starship spacecraft and the Super Heavy v3 booster in Starbase, Texas, U.S., July 22, 2026. REUTERS/Steve Nesius

[1/3]The Pad 2 chopsticks hoist Starship 40 at the SpaceX launch complex to stack the spacecraft atop booster 20 as preparations continue for the second attempt of the 13th test flight of the Starship... Purchase Licensing Rights, opens new tab Read more

WASHINGTON, July 24 (Reuters) - SpaceX's (SPCX.O), opens new tab Starship rocket lifted off from Texas on Friday and deployed its first 20 upgraded Starlink satellites into suborbital ​space, one of many testing goals in the company's 13th test mission as it ‌races to begin routine service with the rocket by the end of the year.

The roughly 400-foot-tall (122 m) Starship rocket system blasted off around 6:50 p.m. ET from SpaceX's Starbase company town, with the Super Heavy first stage booster sending its ​Starship upper stage on a suborbital trajectory. The roughly hour-long mission will conclude with Starship's reentry ​through Earth's atmosphere and a splashdown in the Indian Ocean.

The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.

As Starship approached 16,400 miles ⁠per hour (26,400 kph) in space some 10 minutes into its flight, the Super Heavy booster returned ​to Earth and impacted the Gulf of Mexico harder than expected, SpaceX said, though it had reignited more ​engines than its botched return in May during a previous test flight.

The Starship test flight is SpaceX's 13th since 2023, featuring a new version of the rocket crucial to the company's plans to expand Starlink, land humans on the moon for ​NASA and eventually deploy thousands of artificial intelligence-processing satellites in orbit.

Twenty minutes into its spaceflight, Starship began ​deploying 20 Starlink V3 satellites, dispensing them one by one via the ship's "Pez"-like payload deployment. Flying over a shadowed Earth, ‌thunderstorms ⁠with flashes of lightning were visible in the background 118 miles (190 km) below, according to a camera fixed to the rocket and streamed live by SpaceX.

A crowd of SpaceX engineers in SpaceX's Hawthorne, California, facilities could be heard on the live stream cheering at the rocket's mission milestones, at one point chanting "USA."

While in ​space, the Starlink satellites — a ​new "V3" version with ⁠greater bandwidth capabilities — will deploy solar arrays and antennae to briefly connect with SpaceX's Starlink network of some 10,000 satellites orbiting above.

The Starlinks are the first to ​be deployed by Starship, though they will follow the ship's suborbital trajectory into ​Earth's atmosphere ⁠and burn up.

Some of them have spotlights and cameras that will record Starship's heat shield as it hits intense atmospheric friction later in the mission, giving SpaceX key testing insight into how well the rocket survives its ⁠return from ​space.

SpaceX plans to use Starship by the end of 2026 ​to begin launching thousands of Starlink V3 satellites, expanding the constellation's capacity to be able to connect directly to mobile devices such ​as cell phones. The current network only connects to Starlink-branded dishes.

Reporting by Joey Roulette; Editing by Chris Reese

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Joey Roulette is a space reporter for Reuters covering the business and politics of the global space industry, often focusing on space power competition and how commercial interests intersect with international relations. He was part of a team that won the 2024 Pulitzer Prize in national reporting for Reuters' coverage of Elon Musk's business empire. On the space beat for roughly a decade, Joey previously worked for the New York Times, the Verge, and various publications in Florida.

For the past three years, Uber and Alphabet-owned Waymo have partnered to bring driverless rides to passengers in two major U.S. markets. That relationship is now undergoing some changes.

To this point, Waymo has made its robotaxis available in Atlanta and Austin, Texas, exclusively through the Uber app. But an Uber spokesperson told CNBC by email on Friday that, "We have been notified by Waymo that they intend to launch the Waymo app in Austin and Atlanta in January 2028, alongside their existing deployment with Uber."

The development reflects how Waymo has been able to attract riders in a number U.S. cities without exclusive Uber deals, as its robotaxis are now live in nine other markets, according to the company's website. More cities are engaged in various stages of testing.

Last year, Waymo also struck a deal with Lyft to offer robotoaxi rides in Nashville, Tennessee, on a non-exclusive basis.

In Atlanta and Austin, hundreds of Waymo robotaxis will remain available on Uber through at least May 2028, the duration of their existing contract, Uber said. The changes ahead allow the ride-hailing company to put other, non-Waymo autonomous vehicles onto its platform in both cities.

A Waymo spokesperson said in an email that users need "choice in how they experience this technology."

"This is essential to the industry's future and to our vision of making the Waymo app and the safety of our technology available to riders everywhere," the spokesperson wrote.

The Financial Times reported on Friday that Waymo held internal discussions about whether it should split from Uber due to tensions between the two companies, including around conflicting policy proposals the companies are pursuing in different U.S. markets.

Uber shares dropped more than 4% on the news.

Independent of Waymo, Uber has been investing in AV technology, and has committed to buying vehicles from some of its partners, including startups Waabi, Wayve and Nuro, as well as electric vehicle maker Rivian, after their self-driving cars are validated as safe to operate without a human supervisor or driver on board.

Tesla, Amazon's Zoox and other AV developers are also offering standalone apps that allow riders to hail robotaxis.

-- CNBC's Laura Batchelor contributed to this report.

watch now

LOS ANGELES, July 24, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Alibaba Group Holding Ltd. (“Alibaba” or the “Company”) (NYSE: BABA) investors concerning the Company’s possible violations of the federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON ALIBABA GROUP HOLDING LTD. (BABA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

What Happened?
On November 14, 2024, Financial Times published an article entitled “White House memo claims Alibaba is helping Chinese military target US.” According to the article, the memo provided declassified intelligence about how Alibaba provides “the People’s Liberation Army with capabilities that the White House believes threaten US security.” Moreover, “Alibaba also provides the Chinese government and PLA with access to customer data that includes IP addresses, WiFi information and payment records, as well as different AI-related service.”

On this news, Alibaba’s shares fell $6.04, or 3.78%, to close at $153.80 per share on November 14, 2025.

Then, on February 13, 2026, the Pentagon added Alibaba to a list of companies aiding the Chinese military before withdrawing the list only minutes later without explanation.

On this news, Alibaba’s stock price fell $3.00, or 1.9%, to close at $155.73 per share on February 13, 2026.

Then, on March 19, 2026, Alibaba reported weaker-than-expected financial results, with revenue missing consensus estimates “primarily due to weaker transaction activities and phase-out of the impact of software service fee implementation.”

On this news, Alibaba’s stock price fell $9.53, or 7.1%, to close at $124.90 per share on March 19, 2026..

Then, on June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned Alibaba representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."

On this news, Alibaba’s stock price fell $1.64, or 1.4%, to close at $112.69 per share on June 11, 2026.

Then, on July 1, 2026, the US Department of Justice published a press release stating that Alibaba had “entered a non-prosecution agreement to pay $600 million to resolve the Justice Department’s allegations that they violated the Federal Food, Drug, and Cosmetic Act (FDCA) by failing to prevent merchants from selling and importing illegal pharmaceuticals, controlled substances, listed chemicals, and pill presses into the United States” through its e-commerce platforms.

On this news, Alibaba’s stock price fell $1.85 or 1.9%, to close at $96.14 per share on July 2, 2026, thereby injuring investors further.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.

Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

Whistleblower Notice
Persons with non-public information regarding Alibaba should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].

About Glancy Prongay Wolke & Rotter LLP
Glancy Prongay Wolke & Rotter LLP (“GPWR”) is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPWR has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPWR was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements.

With four offices across the country, GPWR’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

LOS ANGELES, July 24, 2026 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz continues its investigation of Alibaba Group Holding Ltd. (“Alibaba” or the “Company”) (NYSE: BABA) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON ALIBABA GROUP HOLDING LTD. (BABA), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.  

What Is The Investigation About?
On November 14, 2024, Financial Times published an article entitled “White House memo claims Alibaba is helping Chinese military target US.” According to the article, the memo provided declassified intelligence about how Alibaba provides “the People’s Liberation Army with capabilities that the White House believes threaten US security.” Moreover, “Alibaba also provides the Chinese government and PLA with access to customer data that includes IP addresses, WiFi information and payment records, as well as different AI-related service.”

On this news, Alibaba’s shares fell $6.04, or 3.78%, to close at $153.80 per share on November 14, 2025.

Then, on February 13, 2026, the Pentagon added Alibaba to a list of companies aiding the Chinese military before withdrawing the list only minutes later without explanation.

On this news, Alibaba’s stock price fell $3.00, or 1.9%, to close at $155.73 per share on February 13, 2026.

Then, on March 19, 2026, Alibaba reported weaker-than-expected financial results, with revenue missing consensus estimates “primarily due to weaker transaction activities and phase-out of the impact of software service fee implementation.”

On this news, Alibaba’s stock price fell $9.53, or 7.1%, to close at $124.90 per share on March 19, 2026..

Then, on June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned Alibaba representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."

On this news, Alibaba’s stock price fell $1.64, or 1.4%, to close at $112.69 per share on June 11, 2026.

Then, on July 1, 2026, the US Department of Justice published a press release stating that Alibaba had “entered a non-prosecution agreement to pay $600 million to resolve the Justice Department’s allegations that they violated the Federal Food, Drug, and Cosmetic Act (FDCA) by failing to prevent merchants from selling and importing illegal pharmaceuticals, controlled substances, listed chemicals, and pill presses into the United States” through its e-commerce platforms.

On this news, Alibaba’s stock price fell $1.85 or 1.9%, to close at $96.14 per share on July 2, 2026, thereby injuring investors further.

Contact Us To Participate or Learn More:
If you purchased Alibaba securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.  
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
[email protected]
www.frankcruzlaw.com

Canopy Growth Corporation (CGC - Free Report) closed at $0.89 in the latest trading session, marking a -1.82% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.05%. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, lost 0.64%.

Prior to today's trading, shares of the company had lost 0.88% lagged the Medical sector's gain of 3.64% and the S&P 500's gain of 0.61%.

The investment community will be paying close attention to the earnings performance of Canopy Growth Corporation in its upcoming release. On that day, Canopy Growth Corporation is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 71.43%. At the same time, our most recent consensus estimate is projecting a revenue of $58.52 million, reflecting a 12.25% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.11 per share and a revenue of $243.57 million, representing changes of +75.56% and +18.26%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Canopy Growth Corporation. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Canopy Growth Corporation currently has a Zacks Rank of #3 (Hold).

The Medical - Products industry is part of the Medical sector. With its current Zacks Industry Rank of 166, this industry ranks in the bottom 33% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META) and Palantir Technologies (PLTR) joined more than 20 technology companies in urging U.S. policymakers to

Key Takeaways Strong cash flows reflect financial stability.Those with strong cash-generating abilities often pay solid, stable dividends. Both AAPL and V have historically displayed strong cash flows, with each also reporting soon. Strong cash flows reflect financial stability, allowing companies to pay down debt, pursue growth opportunities, and shell out dividend payments.

These companies are also better equipped to weather downturns, providing another beneficial advantage for investors from a long-term standpoint.

And for those seeking cash-generating machines, two companies  – Visa (V - Free Report) & Apple (AAPL - Free Report) – fit the criteria nicely, with each also on the reporting schedule in the coming days.  Let’s take a closer look at how each currently stacks up.

Apple

Apple has long been a cash-generating machine, providing many benefits over the years, including higher dividend payouts. In fact, Apple has paid higher dividends for 13 consecutive years, owing to its shareholder-friendly nature.  

Shares yield a modest 0.4% annually, though the company’s 5.0% five-year annualized dividend growth helps bridge the gap. On a trailing twelve-month basis, the tech titan has generated a massive $129.1 billion in free cash flow.

EPS and sales revisions for the upcoming release have risen over the last several months heading into the release, showing a high level of stability.

Image Source: Zacks Investment Research

Visa

Visa has similarly sported a long-established reputation of generating huge amounts of cash, with its overall defensive qualities also a big positive of the stock. The company is well on its way to becoming a Dividend Aristocrat, upping its payouts for roughly 17 consecutive years.

Shares yield a respectable 0.8% annually at the present, with Visa also sporting a sizable 16.3% five-year annualized dividend growth rate. The financial titan has generated $21.2 billion in free cash flow over the trailing twelve months.

The outlook heading into the release is positive, with both EPS and sales expectations trending higher over recent months.

Image Source: Zacks Investment Research

Bottom Line

Companies with strong cash-generating abilities are great targets, as they have plenty of cash to fuel growth, pay out dividends, and easily wipe out debt. And as mentioned above, these companies are better equipped to handle an economic downturn, undeniably a positive.

For those seeking cash-generators, both companies above – Visa (V - Free Report) and Apple (AAPL - Free Report) – fit the criteria nicely, with each also on the reporting docket in the coming days. EPS and sales revisions for each has remained positive over recent months, providing a nice level of positivity and stability as we inch closer.

BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart and the Walmart Foundation are supporting communities across West Virginia following the severe flooding that has devastated neighborhoods, damaged homes and businesses, and disrupted the lives of families across the region. The response includes a $500,000 commitment from Walmart and the Walmart Foundation, along with on-the-ground relief efforts helping communities address immediate needs, cleanup efforts and relief. A Coordinated Response As relief.

New York, New York--(Newsfile Corp. - July 24, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of investors in BlackRock, Inc. mutual funds, resulting from allegations that BlackRock may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased BlackRock mutual funds you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/cases/blackrock-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: Rosen Law Firm is investigating potential civil securities claims.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306563

Source: The Rosen Law Firm PA

Today's Change

(

-8.02

%) $

-8.04

Current Price

$

92.20

Intel (INTC -8.02%), a leading semiconductor manufacturer, closed down 7.89% at $92.32. Investors sold off Intel shares after initial optimism following yesterday’s earnings, as questions about foundry customers and artificial intelligence (AI) progress took focus. Trading volume reached 179.1 million shares, coming in about 36% above its three-month average of 131.4 million shares.

How the markets moved todayS&P 500 closed at 7,412, up 0.05%, while the Nasdaq Composite finished at 24,976, down 0.64%. Among semiconductor peers, Advanced Micro Devices closed at $521.95, down 3.29%, and Texas Instruments closed at $279.58, down 1.90%, reflecting broader chip weakness.

What this means for investorsIntel rose in after-hours trading yesterday as investors reacted to its strong quarterly results, with revenue up 25% year-over-year, topping analyst estimates. However, shares fell today as Wall Street refocused on demand at its foundry unit, high capital expenditure (capex), and the possibility it might tap markets for additional funds, which would dilute shareholder value.

To put Intel’s price drop in context, its results come at a time when AI jitters are running rampant, and the fall mirrors that of tech giants like Alphabet. Investors are increasingly uncomfortable with growing AI spending and want to see how the high outlays will generate revenue.

Those concerns are understandable, and with Intel’s shares up over 300% this year, investors want reassurance that it can maintain this momentum. Most importantly, watch to see if its foundry business can attract more outside customers and whether rising demand for its chips can match its spending plans.

Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Intel, and Texas Instruments. The Motley Fool has a disclosure policy.

LOS ANGELES--(BUSINESS WIRE)---- $HTZ--Schall, Brown & Schwartz LLP Files Class Action Lawsuit Against Hertz Global Holdings, Inc., Announces Opportunity to Lead Class Action Lawsuit.

4:20pm: A losing week overall Wall Street ended a choppy Friday on a mixed note, with the Dow Jones and S&P 500 managing modest gains while the Nasdaq remained under pressure as investors wrapped up a volatile week.

The Dow climbed 236 points, or 0.5%, to 51,947, while the S&P 500 edged up 4 points, or 0.1%, to 7,412. The tech-heavy Nasdaq fell 162 points, or 0.6%, to 24,976, extending its recent weakness.

Despite Friday's rebound for the broader market, all three major indexes finished the week in the red. The Nasdaq led the declines, losing around 2% over the past five trading sessions as investors continued to rotate away from some high-growth technology names.

Attention now turns to a packed week of corporate earnings that could set the tone for markets heading into August. Big Tech will once again dominate the spotlight, with results due from Meta Platforms, Microsoft, Apple, Amazon and Arm. Investors will also be watching reports from blue-chip names including Coca-Cola, Exxon Mobil and Chevron for fresh insight into consumer spending and the energy sector.

With earnings season entering one of its busiest stretches, traders will be looking for signs that corporate profits can continue to support a market that has faced increased volatility in recent weeks.

3:40pm: Proactive news headlines American Resources Corp (NASDAQ:AREC) approved a special cash dividend of $0.0431 per share, returning capital to shareholders while continuing to invest in its critical minerals business. Miivo AI (TSX-V:MIVO) launched Customer Insights, an AI-powered self-service platform that helps small and mid-sized businesses track customer sentiment and manage their online reputation across major digital platforms. Ocean Power Technologies Inc (NYSE-A:OPTT) acquired strategic subsea technology assets from Columbia Power Technologies to expand its capabilities from surface to seabed and strengthen its autonomous maritime infrastructure offering. 2:30pm: Market movers Intel Corp (NASDAQ:INTC, XETRA:INL) shares fell more than 4% after investors looked past a strong second-quarter earnings beat and upbeat guidance to focus on mixed analyst reactions following the chipmaker's results. Verizon Communications Inc (NYSE:VZ, XETRA:BAC) shares climbed about 3% after the telecom giant beat second-quarter earnings expectations and raised its full-year outlook despite reporting revenue that missed forecasts. American Express Company (NYSE:AXP, XETRA:AEC1) shares dropped about 6% after second-quarter revenue narrowly missed Wall Street expectations, overshadowing better-than-expected earnings. 12:15pm: Welcome to X, Mr Huang Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) (Nvidia Corp (NASDAQ:NVDA, XETRA:NVD), Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)) CEO Jensen Huang posted on X for the first time on Friday, sharing a multi-company letter that defends open-weight AI models as essential to US technology leadership.

Huang, who joined the platform last month but had not posted until now, used his debut message to promote a letter signed by Nvidia and roughly 20 other organizations, including Meta, Microsoft and Palantir.

The letter argues that open models strengthen safety, accelerate innovation and support national AI sovereignty, and that US leadership should not rest on a single frontier model alone.

For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.

AI will transform every industry, power every company, and be built by every country.

Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.… pic.twitter.com/t02bi51N4C

— Jensen Huang (@JensenHuang) July 24, 2026 11:00am: Inflation still Fed's primary concern The US labour market continues to show little sign of meaningful deterioration despite softer hiring in June, according to Bank of America, leaving inflation as the Federal Reserve's primary concern ahead of next week's policy meeting.

The bank noted that while June payroll growth came in below expectations, the broader picture remains solid. The three-month average of job gains is still comfortably above the level needed to keep pace with population growth, while the unemployment rate has held steady at 4.2%.

More recent indicators have also remained encouraging. Bank of America said ADP private payroll growth has eased in recent weeks, but suggested that slowdown likely reflects a normalization after unusually strong hiring earlier this year. At the same time, weekly jobless claims continue to point to a stable labour market.

"Bottom line: the labor market appears healthy heading into the July FOMC meeting, leaving the focus squarely on inflation risks," analysts wrote.

10am: Mixed open It's another mixed open on Wall Street, with the Dow adding around 100 points, or 0.2%, while the S&P 500 was flat and the Nasdaq Composite started down 0.2% as technology shares seemed to be extending yesterday's selloff.

Charter Communications was the biggest Nasdaq 100 faller, sliding 6% after earnings, while other fallers include Marvell, Lumentum, Micron, Western Digital, ARM, Seagate and Intel, all down over 3.8%.

American Express has dropped 4.8%, the biggest Dow faller, but Verizon tops the leaderboard with a 3.5% gain, followed by Salesforce and IBM.

8am: Dow called higher but tech to remain a drag  Wall Street is set for a tentative recovery on Friday after the previous session's technology selloff wiped roughly $800 billion from the market value of the so-called Magnificent Seven tech giants, with the world also waking to a new US tariff regime. 

Dow Jones futures were up 199 points or 0.4%, while S&P 500 was expected to add 0.2% and Nasdaq futures were broadly flat, having surrendered an earlier gain of around 0.25%.

The day before, the Nasdaq had tumbled 2.2% to 25,138 due to the worst session for the Mag 7 since the original "tariff tantrum" day. The S&P 500 fell 1.2% to 7,408, while the Dow shed 507 points, or 1%, to close at 51,712.

Investors dumped technology stocks after results from Tesla and Alphabet failed to ease concerns about surging AI spending. Higher oil prices also reignited inflation worries and pushed Treasury yields to their highest levels of the year.

After WTI crude reached a seven-week high of $93.5 a barrel the previous afternoon, prices eased to $89.8 on Friday morning.

Security concerns remain elevated after strikes in the Red Sea, which led some tanker operators to reroute vessels onto even longer journeys.

Meanwhile, Donald Trump confirmed new tariffs covering more than 99% of US goods imports under Section 301 rules.

The levies, ranging from 10% to 12.5%, take effect Friday and are designed to enforce restrictions on "forced labour" imports, the White House said.

"Today's action will begin to correct what is both a human rights abuse and distortive trade practice to improve the welfare of workers everywhere," US Trade Representative Jamieson Greer said.

Yale Budget Lab estimates the measures will lift the average statutory tariff rate to 12.8%.

In company news, Intel Corp (NASDAQ:INTC) gained 3% in premarket trading after beating second-quarter expectations and issuing a stronger outlook.

American Express Company (NYSE:AXP) has fallen 2.3% despite an earnings beat, while Verizon Communications Inc (NYSE:VZ, XETRA:BAC) is down 1.3% and NextEra Energy Inc (NYSE:NEE) has slipped 0.7% following mixed quarterly updates.

Elsewhere, a senior Korean official said Samsung and SK Hynix are expected to announce “very large-scale” contracts with leading US technology companies during President Lee Jae-myung’s visit to Silicon Valley, which starts today.

Deere (DE - Free Report) closed the most recent trading day at $628.16, moving +2.97% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.05%. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, lost 0.64%.

Shares of the agricultural equipment manufacturer witnessed a loss of 3.29% over the previous month, trailing the performance of the Industrial Products sector with its loss of 0.74%, and the S&P 500's gain of 0.61%.

The investment community will be closely monitoring the performance of Deere in its forthcoming earnings report. The company is scheduled to release its earnings on August 20, 2026. It is anticipated that the company will report an EPS of $4.85, marking a 2.11% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $10.87 billion, up 4.95% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates project earnings of $18.28 per share and a revenue of $41.51 billion, demonstrating changes of -1.19% and +6.66%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for Deere. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.82% higher. Right now, Deere possesses a Zacks Rank of #3 (Hold).

Looking at valuation, Deere is presently trading at a Forward P/E ratio of 33.37. This signifies a premium in comparison to the average Forward P/E of 20.39 for its industry.

It's also important to note that DE currently trades at a PEG ratio of 2.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Manufacturing - Farm Equipment industry was having an average PEG ratio of 1.99.

The Manufacturing - Farm Equipment industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 30, positioning it in the top 13% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.