U.S. Stock Market Developments

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Nasdaq Composite sheds 0.8% while S&P 500 falls 0.5% as Kevin Warsh fails to give guidance update but said inflation is too high

Chip stocks were also hammered following a report that OpenAI engineers have found a way to cut inference costs by half. They could have reacted to report that Meta is planning to build its own cloud division as well.

FED Monetary Policy

I=6 Fed President Kevin Wash reiterates no “forward guidance” but said inflation is too high “We’re all in the price stability business, that might not be our only business, but if there was a common thing I heard over the last couple of days, it was open-mindedness on these questions of AI, open-mindedness on productivity, but we’ve all looked around, and we’ve seen that prices are too high,” Warsh said

OpenAI Just Halved Inference Costs

Meta Platforms AI Developments

I=9 Meta shares rise 8% on report it’s building cloud business to sell excess compute Meta plans to build a cloud infrastructure business that will sell access to AI computing power and models, Bloomberg reported citing people familiar with the matter. The sources said the plans are still in development and Meta could change the strategy. Meta shares rose by as much as 8% in pre-market trading following the report. https://www.bloomberg.com/news/articles/2026-07-01/meta-is-building-a-cloud-b…

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S&P 500 futures rose 0.4% while Nasdaq 100 futures gained 0.7% after nonfarm payrolls rose 57,000 in June, below 114,000 estimate

US Nonfarm Payroll and Employment Levels

I=8 Nonfarm payrolls rose 57,000 in June, below 114,000 estimate Nonfarm payrolls rose 57,000 in June, below 114,000 estimate and down from 129,000 in May (revised downwards from 172,000). The report likely pushes the urgency of interest rate hike to September from July. Unemployment rate fell to 4.2% from 4.3% but in line with estimates. Labor force participation rate moved down to 61.5% from 61.8%. Average hourly earnings rose 0.3% on the month, in line with estimate and unchan…

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S&P 500 futures shed 0.2% while Nasdaq 100 futures drops 0.8% as chip selloff resumes after Samsung earnings failed to please investors

Samsung beat revenue and earnings estimates in Q2 but the numbers were not far beyond what the market expected.

Samsung Electronics shares fall as capex, demand concerns cloud record...

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S&P 500 futures falls 0.8% while Nasdaq 100 futures declines more than 1% as U.S.-Iran tensions return

Israel-Iran Conflict

I=8 U.S. launched a series of powerful strikes against IranIran in response to Iranian attacks on three commercial vessels The U.S. carried out a series of powerful strikes on Iran in response to Iranian attacks on three commercial vessels transiting the Strait of Hormuz. The U.S. Treasury Department also revoked a license allowing Iran to sell its oil globally in response to the attacks in the Strait of Hormuz. President Trump also said he thinks ceasefire with Iran is officially over after …

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S&P 500 sheds 0.4% while Nasdaq 100 futures are down 1%, driven by chipmakers

Profit taking in chipmakers weighs on S&P 500 and Nasdaq 100 futures.

Shares of chipmakers are down in pre-market trading, led by SK Hynix, which is down more than 10% following its Nasdaq debut on Friday.

Chipmakers drag stock futures lower; SK Hynix sinks 10% premarket: Live updates

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S&P 500 futures sheds 0.2% as U.S. reimposes blockade on Iranian ports

Israel-Iran Conflict

I=8 U.S. will reimpose blockade of Iranian ports while charging 20% protection fee on all cargo shipped through the Strait of Hormuz [image] https://truthsocial.com/@realDonaldTrump/posts/116913091653271692

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S&P 500 and Nasdaq 100 futures shed 1.0% and 2.0% as selloff in chip stocks continues and tech investors react to the new Kimi K3 model

Moonshot said their new Kimi K3 model rivals the strongest offerings from OpenAI and Anthropic, making investors draw parallels with last year’s “DeepSeek moment”.

https://www.bloomberg.com/news/articles/2026-07-17/china-s-powerful-new-ai-surprises-investors-fueling-tech-rout-mroxm71p

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S&P 500 and Nasdaq 100 futures sheds 0.3% and 0.7%, respectively as market gears up for major earnings

Alphabet and Tesla will report earnings today after market close.

Stock futures fall as investors gear up for more earnings, Iran war remains...

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S&P 500 and Nasdaq 100 futures fell 1.0% and 1.4%, respectively, after Alphabet raised its capital expenditure guidance and amid ongoing tensions in the Iran conflict

Q2 2026 Meta Platforms Earnings

I=6 Alphabet’s advertising revenue meets estimates, raises 2026 capex guidance by $15 billion Google’s Q2 2026 advertising revenue rose 14.4% y/y to $81.63 billion, roughly in-line with analysts’ estimate of $81.12 billion while total revenue rose 24% y/y to $119.8 billion, above analysts’ estimate of $116.9 billion. Alphabet’s revenue beat was driven by cloud revenue which rose 82% y/y to $24.8 billlion, above analysts’ estimate of $22.4 billion. Capex was $44.9 billion, roughly in li…

Israel-Iran Conflict

I=6 Trump said U.S. will hold Iran responsible for the Houthis attacks in the Red Sea Houthis said it struck two Saudi oil tankers in the Red Sea for violating their their maritime blockade. The warnings comes after the U.S. completed its 12th consecutive night of strikes on Iran.

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S&P 500 and Nasdaq 100 futures rise 0.7% and 1.2%, respectively as U.S. and Iran pause fighting

Israel-Iran Conflict

I=7 U.S. and Iran pause fighting to give peace talks a chance The U.S. military suspended its two-week bombing campaign on Friday so as to give room for peace negotiations. Iran also refrained from military operations against regional targets in recent days.