S&P 500, Nasdaq Fall as Tech Shares Tumble; Dow Closes Little Modified After Touching All-Time Excessive

Robinhood Clients Can Now Commerce on Soccer Outcomes

8 minutes in the past

Followers of the preferred sport within the U.S. can now commerce on recreation outcomes on Robinhood’s app. Simply do not name it “sports activities betting.”

Robinhood Markets (HOOD) on Tuesday introduced the launch of buying and selling “on the outcomes of the preferred professional and school soccer video games, together with all common season professional matchups, and all school Energy 4 colleges and independents.” (In different phrases, prospects can wager on all NFL video games and people involving groups within the Huge Ten, SEC, ACC, and Huge 12 conferences, in addition to the likes of Notre Dame.)

“Soccer is much and away the preferred sport in America,” stated JB Mackenzie, Robinhood’s VP & GM of Futures and Worldwide. “Including professional and school soccer to our prediction markets hub is a no brainer for us as we intention to make Robinhood a one-stop store for all of your investing and buying and selling wants.”

The buying and selling platform desires to clarify that these are “occasion contracts” and never “sports activities bets.”

“In contrast to sports activities betting, the place the agency units a line, occasion contracts leverage the facility and rigor of economic market construction and are provided in a market the place consumers and sellers work together to set the worth,” Robinhood stated. “Clients can entry the contracts in actual time and handle danger by adjusting—or exiting—their positions as much as and all through a recreation earlier than a contract expires.”

Robinhood added that because it debuted prediction markets on the finish of 2024, “there have been greater than 2 billion contracts traded” on its platform.

–Aaron Rennie

Apple to Make US-Certain iPhone 17 in India, Report Says

1 hour in the past

Apple (AAPL) is reportedly planning to make all 4 of the iPhone 17 fashions it’ll promote within the U.S. in India, the primary time the corporate is making its newest lineup within the South Asian nation.

The iPhone 17 is because of debut subsequent month.

In keeping with Bloomberg, citing individuals with data of the matter, the tech big is increasing its iPhone manufacturing in India at 5 factories, together with two crops that have been opened not too long ago, and producing all 4 iPhone 17 fashions within the Asian nation.

The India enlargement is a part of Apple’s efforts to cut back its dependence on China for the telephones it’s promoting within the U.S. Whereas India faces an further 25% levy for purchasing Russian oil on high of the 25% beforehand introduced tariffs, shopper digital imports into the U.S. are up to now exempt from levies.

Apple shares have misplaced virtually 8% of their worth because the begin of the 12 months amid worries about its stalling progress in synthetic intelligence and the hit from the Trump administration’s tariffs. They closed barely decrease on Tuesday.

–Nisha Gopalan

Palantir Plunges to Prolong Week-Lengthy Hunch

1 hr 44 min in the past

Palantir (PLTR) shares tumbled Tuesday afternoon, extending current losses as a high-profile brief vendor fueled worries the inventory may very well be overvalued after a powerful run earlier this 12 months. 

The shares have been down 9% round $159 in current buying and selling. Nonetheless, they’ve greater than doubled in worth in 2025, leaving Palantir the top-performing inventory within the S&P 500  for the 12 months as far as demand for the information analytics software program firm’s Synthetic Intelligence Platform drives report gross sales.

Quick vendor Andrew Left of Citron Analysis, who voiced issues in regards to the inventory’s valuation in a Fox Enterprise interview final Wednesday, stated in a report yesterday that he believes the inventory has develop into “indifferent from fundamentals” and can be value $40.

The report compares Palantir to OpenAI, and posits that if Palantir have been to commerce on the identical price-to-revenue a number of because the ChatGPT maker, given Bloomberg consensus projections, Palantir’s inventory value can be nearer to $40. Nevertheless, “even that value would depart Palantir among the many costliest [software as a service] names in historical past,” Left stated.

Left, whose sharp commentary and claimed observe report of exposing fraud and overvaluation have earned him the moniker “The Bounty Hunter of Wall Avenue,” has develop into a controversial determine and faces legal costs for securities fraud.

Nonetheless, he is not the one one who’s raised issues about Palantir’s lofty valuation. Of the eight Wall Avenue analysts with present rankings surveyed by Seen Alpha, simply two have issued “purchase” suggestions versus six “maintain” rankings, amid some issues the inventory could have climbed too excessive, too quick, and may very well be due for a disadvantage.

Jefferies analysts, who applauded Palantir’s robust income development and outlook after the corporate reported outcomes earlier this month, stated they nonetheless consider the inventory’s valuation is “disconnected from even optimistic development eventualities.” HSBC analysts, who’ve a impartial score for the inventory, additionally warned it’d already be “priced for perfection” and will wrestle to maintain up with buyers’ excessive expectations

–Kara Greenberg

Nvidia Considers New Merchandise for China Market

2 hr 38 min in the past

Nvidia (NVDA) stated it is contemplating a “number of merchandise” for its roadmap as extra particulars emerge a couple of new AI chip for the Chinese language market. This follows current indicators of inroads in successful approvals from the Trump administration to increase gross sales to the nation. 

Nvidia may look to ship samples of the brand new chip to Chinese language purchasers for testing as early as subsequent month, Reuters reported Tuesday.

 The brand new chip, tentatively often called the B30A, is predicated on Nvidia’s Blackwell structure and extra superior than the H20 chip the corporate not too long ago received approval to renew promoting in China after putting a take care of President Trump to pay the U.S. authorities 15% of its China chip income. 

A Nvidia spokesperson informed Investopedia Tuesday that the corporate desires to be “ready to compete to the extent that governments permit,” including “every little thing we provide is with the total approval of the relevant authorities and designed solely for useful business use.”

Shares of Nvidia have been down 3% in current buying and selling. Nonetheless, they’ve added practically a 3rd of their worth this 12 months, after their current rally amid optimism in regards to the firm’s gross sales in China and powerful demand for AI {hardware}.

Whereas many on Wall Avenue noticed the current 15% revenue-sharing agreements for Nvidia and Superior Micro Gadgets (AMD) as a optimistic improvement for the businesses—which took successful on export curbs earlier within the 12 months—some have raised issues about what they may imply for American tech corporations navigating quickly altering China commerce insurance policies.

“It seems like a slippery slope to us,” Bernstein analysts wrote final week of the offers, which may open the door to others and pointed to an absence of readability on whether or not and the way a lot corporations may very well be pushed to pay to promote such merchandise in China. “Positive it’d elevate some cash, however would not appear to handle any strategic points past a seize for {dollars},” the analysts stated.

 Final week, Trump urged he may very well be open to increasing Nvidia’s licenses to cowl extra highly effective chips, after additional negotiations. Nvidia CEO Jensen Huang may very well be requested for extra particulars on the corporate’s plans when the chipmaker stories its newest quarterly monetary outcomes after the bell Aug. 27.

–Kara Greenberg

Powell Speech May Jolt Markets

3 hr 8 min in the past

Fed Jerome Powell is slated to talk on Friday on the Fed’s annual gathering of central bankers in Jackson Gap, Wyoming, and Evercore ISI warns that market contributors won’t love what he has to say. 

Powell “is more likely to not directly sign a 25bp price lower” on the Fed’s subsequent coverage assembly in mid-September, argued Evercore analysts led by Julian Emanuel in a word on Sunday. “For a market that was desperate to embrace ’50 in Sept,’” referring to market chatter in regards to the chance officers would lower charges by 50 foundation factors, or half a share level, subsequent month, “a balanced view may catalyze a close to time period -7% to -15% pullback into October.”

“The stakes … are excessive with each side of the Twin Mandate muddled,” the analysts wrote, referring to the Fed’s job of balancing secure costs and most employment. 

Inflation information final week painted a muddy image of how tariffs are affecting costs; the Shopper Worth Index rose lower than anticipated in July, whereas wholesale costs climbed a lot quicker than forecast. 

Labor market information just isn’t a lot clearer. Weekly preliminary unemployment claims have held regular this 12 months. In the meantime, job development has fallen to its slowest 3-month tempo (outdoors of the pandemic shock) since 2010, when the unemployment price was about 9%, double what it’s as we speak.

President Donald Trump is including to the uncertainty. Since returning to the White Home in January, Trump has repeatedly criticized Powell, whom he appointed in 2019, and referred to as on the Fed to decrease charges. In early August, Trump fired the top of the Bureau of Labor Statistics after a disappointing jobs report, alarming some economists involved that political interference may skew official financial information. 

Excessive inventory costs and seasonal weak point are extra causes for concern, says Evercore. 

“Pedal to the steel fairness market bullishness in August usually runs into the realities of September,” which is traditionally the worst month of the 12 months for shares, the analysts wrote. And Wall Avenue’s post-“Liberation Day” rally, fueled by commerce offers and resilient company earnings, has inventory valuations close to their highest ranges because the Dotcom Bubble. 

In opposition to that backdrop, Evercore recommends buyers maintain a core portfolio of “AI Enablers, Adopters and Adapters” within the communication companies, shopper discretionary, and tech sectors. Huge names within the class embody Amazon (AMZN), Alphabet (GOOG), and Micron (MU).2

They suggest supplementing these core holdings with attractively priced shares with optimistic earnings revisions. They word healthcare corporations, together with Pfizer (PFE) and Cigna (CI), are overrepresented within the checklist of shares that meet these standards. They recommend funding these purchases by promoting dear shares with much less engaging earnings outlooks, together with retail investor favorites like Palantir (PLTR), Tesla (TSLA), and Technique (MSTR).

–Colin Laidley

Viking Therapeutics Plunges on Weight-Loss Capsule Research

4 hr 8 min in the past

Viking Therapeutics (VKTX) shares plummeted Tuesday after the biopharma agency reported a research of its experimental weight-loss capsule raised issues about negative effects.

The corporate stated a Section 2 trial of its VK2735 pill discovered that sufferers misplaced as much as 12.2% of their imply physique weight, or about 26.7 kilos, in comparison with a drop of 1.3% imply physique weight, or 2.9 kilos, for these given a placebo.

Nevertheless, total 28% of these on VK2735 stopped taking it early, whereas solely 18% of the placebo group did so. Viking stated the most typical motive for sufferers discontinuing the remedy was “gastrointestinal (GI)-related antagonistic occasions.”

CEO Brian Lian stated in a name with analysts that the variety of antagonistic results have been highest within the first week of the trial, and declined because it went on. He defined that “GI-related antagonistic occasion charges may be additional diminished via decrease beginning doses and or slower dose escalation,” based on a transcript supplied by AlphaSense. Lian added the corporate appears to be like ahead to “exploring this additional in an upcoming upkeep dosing research.”

Viking Therapeutics shares have been down 42% in current buying and selling. The inventory got here into as we speak’s session up about 5% up to now in 2025.

–Invoice McColl

Finest Purchase Launches U.S. Digital Market

5 hr 16 min in the past

Now you can go to Finest Purchase’s web site for every little thing from a statue of Ganesh enjoying the flute to a set of champagne flutes.

Finest Purchase (BBY) doubled the variety of merchandise obtainable via its web site and app whereas launching a U.S. market Tuesday that’s open to a whole lot of manufacturers not carried in its shops, akin to Martha Stewart, Crock-Pot, and World Broad Stereo. {The marketplace} gives extra expertise and faucets into new classes, together with sports activities workforce merch, seasonal decorations, and musical devices, in addition to toys and puzzles, Finest Purchase stated in a press launch and Q&A.

“Our prospects have all the time appeared to us to convey pleasure and inspiration in methods solely expertise can,” Frank Bedo, chief market and eCommerce officer at Finest Purchase, stated in a press release. By means of {the marketplace}, “we will really supply the total expertise they want,” the assertion stated.

The electronics big, which already has a third-party platform in Canada, is the most recent retailer to launch a web-based market—a transfer that enables corporations to increase their product portfolio with out investing in stock or space for storing. Walmart (WMT), Goal (TGT), Lowe’s (LOW), Nordstrom, and Ulta (ULTA) have launched or shared plans to launch a market, based on firm bulletins. Digital marketplaces are estimated to facilitate a whole lot of billions of {dollars} in annual gross sales.

Customers cannot at the moment have market purchases shipped to a retailer for pickup, however Finest Purchase areas will facilitate returns, a spokesman stated.

Finest Purchase shares have been up about 4% in current buying and selling however are down greater than 12% for the 12 months. In late Could, the corporate reported blended first-quarter outcomes and lowered its full-year outlook due to tariffs.

–Sarina Trangle

Palo Alto Networks Shares Surge on Robust Earnings, Outlook

6 hr 26 min in the past

Shares of Palo Alto Networks (PANW) jumped Tuesday, a day after the cybersecurity agency posted better-than-expected outcomes and steerage as prospects demanded more and more highly effective instruments to combat hackers.

The corporate reported fiscal 2025 fourth-quarter adjusted earnings per share of $0.95, with income up 16% year-over-year to $2.54 billion. Each exceeded estimates of analysts surveyed by Seen Alpha.

CEO Nikesh Arora stated the efficiency “displays a basic market shift by which prospects perceive {that a} fragmented protection is not any protection in any respect towards fashionable threats. They’re partnering with us as a result of our platforms are designed to work in live performance, creating highly effective operational synergies that ship superior, close to real-time outcomes and the effectivity our prospects want.” 

Palo Alto Networks sees fiscal 2026 adjusted EPS of $3.75 to $3.85, and income of $10.475 billion to $10.525 billion. Seen Alpha forecasts have been for $3.67 and $10.431 billion, respectively. Its current-quarter revenue and income projections additionally topped estimates.

Together with the outcomes, the corporate additionally introduced that its founder, Nir Zuk, was retiring as Chief Technical Officer and stepping down as a member of the board. Zuk is being changed by Chief Product Officer Lee Klarich in each positions.

Palo Alto shares have been up 4.5% in current buying and selling, pushing the inventory into optimistic territory for the 12 months.

–Invoice McColl

Residence Depot Inventory Jumps as Firm Affirms Outlook

7 hr 7 min in the past

Residence Depot (HD) shares rose in early buying and selling Tuesday after the largest home-improvement retailer affirmed its steerage as do-it-yourself and huge challenge demand elevated.

The corporate reiterated its full-year outlook for gross sales rising about 2.8%, and comparable retailer gross sales development of roughly 1.0%.

CEO Ted Decker stated that the “momentum that started within the again half of final 12 months continued all through the primary half as prospects engaged extra broadly in smaller dwelling enchancment tasks.” In an interview, CFO Richard McPhail famous that the corporate noticed comparable gross sales enhance each month within the quarter.

The feedback got here as Residence Depot reported blended second-quarter outcomes. Gross sales gained 4.9% year-over-year to $45.28 billion, a tad larger than estimates of analysts surveyed by Seen Alpha. Adjusted earnings per share of $4.68 narrowly missed forecasts.

Comparable retailer gross sales have been 1.0% larger, and whereas that was a tick beneath expectations, it was effectively above final 12 months’s decline of three.3%. Comparable common tickets superior 1.4%, in comparison with a drop of 1.3% in 2024. 

Residence Depot shares have been up about 4% in current buying and selling.

–Invoice McColl

Intel Jumps as SoftBank to Make investments $2 Billion

7 hr 36 min in the past

Intel (INTC) shares surged in early buying and selling Tuesday on information that Japan’s SoftBank Group is making a $2 billion funding within the struggling U.S. chipmaker.

SoftBank can pay $23 for every Intel share, a slight low cost to Monday’s closing value of $23.66, the businesses introduced.

“This strategic funding displays our perception that superior semiconductor manufacturing and provide will additional increase in the US, with Intel enjoying a essential position,” stated SoftBank CEO Masayoshi Son, who final December introduced plans for the agency to make investments round $100 billion within the U.S. with President-elect Donald Trump.

Final week, Bloomberg reported that the Trump administration was in talks to take a stake within the chipmaker, and yesterday reported the U.S. would purchase round 10% of Intel by changing some or the entire firm’s CHIPS and Science Act grants into fairness. Such a stake would make the U.S. the embattled chipmaker’s greatest shareholder, the report stated. The White Home did not instantly reply to a request for remark.

Final month, Intel’s second-quarter gross sales topped analysts’ estimates however the firm unexpectedly swung to an adjusted loss and CEO Lip-Bu Tan introduced layoffs in a memo to workers.

Intel shares have been up greater than 10% at round $26 in current buying and selling.

–Nisha Gopalan

Main Index Futures Little Modified

9 hr 8 min in the past

Futures tied to the Dow Jones Industrial Common have been up 0.1%.

S&P 500 futures slipped 0.1%.

Nasdaq 100 futures have been additionally down 0.1%.