Today: 7 July 2026
Micron (NASDAQ:MU) set for Nasdaq move as SK Hynix (KRX:000660) shakes up AI memory trade
7 July 2026

Micron (NASDAQ:MU) drops $89 billion on Ford contract worries

Micron Technology, Inc. was active in Tuesday’s regular Nasdaq session. According to Nasdaq’s 2026 calendar, markets close for Independence Day on July 3, not July 7. Regular U.S. trading runs from 9:30 a.m. to 4:00 p.m. ET. The stock last traded down $78.10 at $906.65, putting the market cap near $1.038 trillion. With that market cap and price, the share count works out to roughly 1.145 billion. The day’s drop shaved about $89.4 billion from equity value. The session low of $892.50 erased about $105.6 billion in value.
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Dow Jones today: Dow closes above 53,000 as narrow chip-led rally beats weak breadth

Dow slides as Caterpillar and Honeywell weigh on blue chips

7 July 2026
NEW YORK, July 7, 2026, 11:04 EDT. The Dow Jones slipped with Caterpillar and Honeywell dragging on the index and offsetting strength in some defensive names. NEW YORK — U.S. stocks opened mostly lower Tuesday as regular cash trading began at 9:30 a.m. ET on the NYSE, with the session set to close at 4 p.m. The Nasdaq’s 2026 holiday calendar still puts the Independence Day break on July 3, not July 7. The Dow Jones Industrial Average was down but outperformed the S&P 500 and Nasdaq Composite, while chip stocks were hit hardest.
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TeraWulf (NASDAQ:WULF) says Anthropic power deal outpaces recent data-center lease rates

Anthropic’s $19B TeraWulf (NASDAQ:WULF) lease throws cost of compute into AI IPO mix

Anthropic put a price on its AI expansion Monday, signing a 20-year, $19 billion lease with TeraWulf Inc. for 401 MW of compute power in Kentucky. The agreement gives investors an early look at what a leading AI lab is spending, ahead of Anthropic’s IPO filing. TeraWulf said its Raylan Data business will supply capacity at the Justified Data campus in Hawesville, with the rollout set to start in late 2027 and continue into early 2028. Anthropic will begin paying rent as each space is delivered. The lease could last up to 30 years if Anthropic takes both five-year extensions.
7 July 2026
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S&P 500 gains narrow after hours as Rivian (NASDAQ:RIVN) drops, Fiserv (NASDAQ:FISV) rises

S&P 500 gains narrow after hours as Rivian (NASDAQ:RIVN) drops, Fiserv (NASDAQ:FISV) rises

U.S. stocks climbed Monday, but futures were more muted after the bell. The S&P 500 closed up 0.72% at 7,537.43, Nasdaq added 1.12% to 26,121.16, and the Dow rose 0.29% to 53,055.91. Shares of Broadcom Inc jumped 3.7% after the company and Apple Inc extended their custom-chip agreement through 2031. Even so, S&P 500 decliners led advancers by 1.3-to-1. The latest read came after market close. Out of MarketWatch’s 20 most-active after-hours stocks, 15 barely budged, trading within 0.25% up or down. Rivian was the only name in the group to move more than 1%. That’s notable since the regular session didn’t see much broad strength either. When the index closes high but only a handful of stocks move, the
7 July 2026
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Mountain Mike’s franchisee in Medford files for bankruptcy as debt pressures grow

Mountain Mike’s franchisee in Medford files for bankruptcy as debt pressures grow

MEDFORD, Oregon, July 6, 2026, 15:07 PDT Rogue Fare LLC, which runs five Mountain Mike’s Pizza outlets in southern Oregon, filed for Chapter 11 bankruptcy on July 1. The Medford company listed debts, putting a number to a chunk of the pizza business that isn’t public but still matters to lenders, vendors, and public competitors. Rogue Fare’s stores are in Klamath Falls, Grants Pass, Roseburg and two Medford spots, according to court papers and state records cited in reports.
7 July 2026
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SoundHound AI (NASDAQ:SOUN) call activity spikes with shares testing $7 floor

SoundHound AI (NASDAQ:SOUN) call activity spikes with shares testing $7 floor

SoundHound AI, Inc. jumped 6.26% to finish at $6.96 Monday. Volume hit 28.69 million shares, sitting a bit above its 65-day average. That move outpaced late-session gains in Invesco QQQ Trust and iShares Russell 2000 ETF, up 1.7% and 0.6% before the close. Trading resumed after Nasdaq’s July 3 Independence Day holiday. $7 is the key level here. On July 2, SoundHound said in a filing that the LivePerson, Inc. stock component will use a 10-day Nasdaq VWAP ending three trading days before close. But there’s a floor at $7 on SoundHound’s stock in the formula, and a cap at $12.
6 July 2026
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Dow Jones today: Dow closes above 53,000 as narrow chip-led rally beats weak breadth

Dow Jones today: Dow closes above 53,000 as narrow chip-led rally beats weak breadth

The Dow Jones Industrial Average closed above 53,000 for the first time on Monday, a record finish that looked stronger in the index than it did under the tape. The Dow ended at 53,056.80, up 156.73 points, or 0.30%, after a 52,648.69-to-53,060.10 range. The S&P 500 closed at 7,537.48, up 54.24 points, or 0.72%; the Nasdaq Composite rose 1.12%. The useful number was not just 53,000. It was 408.11 points, the Dow’s rebound from its session low to the close. Earlier, the Dow had been down 251 points, and only 12 of its 30 stocks were rising, according to Dow Jones Market Data cited by MarketWatch. S&P 500 decliners outnumbered advancers by 1.3-to-1 in Reuters’ midday market update.
6 July 2026
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Lemonade (NYSE:LMND) stock up after company tops analyst premium retention forecasts

Lemonade (NYSE:LMND) stock up after company tops analyst premium retention forecasts

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6 July 2026
Lemonade, Inc. climbed 8.4% to $77.50 by early afternoon in New York. The exchange was open, having marked Independence Day on Friday, July 3. Regular core hours are 9:30 a.m. to 4 p.m. ET, according to the New York Stock Exchange. The move outpaced the broader market. SPDR S&P 500 ETF Trust, Financial Select Sector SPDR Fund and iShares Russell 2000 ETF each gained under 1%. SPDR S&P Insurance ETF slipped 0.5%.
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Archer Aviation surge puts Wall Street price targets to the test after Russell shift

Archer Aviation surge puts Wall Street price targets to the test after Russell shift

Archer Aviation Inc. shares rose early Monday afternoon, but the bigger question for investors was what happens to the stock’s gains after factoring in dilution now that the electric aircraft company is more involved in Russell value indexes. Shares were at $5.31, up 6.6% as of 1:46 p.m. EDT, with volume of 24.1 million and market cap near $4.1 billion. Joby Aviation Inc. climbed 7.0% to $9.09. Invesco QQQ Trust was up 1.3%. iShares Russell 2000 Value ETF added 0.3%.
6 July 2026
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Nebius Group (NASDAQ:NBIS) bounce keeps AI-cloud stock trading in tight range

Nebius Group (NASDAQ:NBIS) bounce keeps AI-cloud stock trading in tight range

Nebius Group N.V. rose Monday. Investors watched the spread between shares at $219.05 and recent insider tax-sale filings posted at $235.45. The average Google Finance target is showing $237.38. Shares traded up 1.6% at 12:52 p.m. EDT, volume near 9.7 million. CoreWeave, seen as the closest public peer in the AI cloud infrastructure space, was up 6.5%. Meta Platforms added 1.6%. Microsoft slipped 1.4%.
6 July 2026
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Netflix spread grows as Q2 revenue target stays tight

Netflix spread grows as Q2 revenue target stays tight

Netflix, Inc. dropped 1.7% to $76.31 around midday Monday, moving lower even as tech traded stronger after the Independence Day break. The Nasdaq 2026 calendar listed U.S. markets closed on July 3 for the holiday, and Monday’s regular session ran from 9:30 a.m. to 4 p.m. Eastern. For investors, the real story isn’t the pullback. It’s how close Netflix’s numbers are to Wall Street’s goals. Analysts on Investing.com put Q2 revenue at $12.58 billion, while Netflix guides for $12.574 billion. That’s about a $6 million difference, less than one-tenth of 1%.
6 July 2026
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Amazon (NASDAQ:AMZN) slips as forecast misses even with Nasdaq bounce

Amazon (NASDAQ:AMZN) slips as forecast misses even with Nasdaq bounce

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6 July 2026
Amazon.com, Inc. slipped at the open Monday on the Nasdaq, bucking gains in the tech sector as Wall Street opened up after being shut for the July 3 Independence Day holiday. The Nasdaq Composite gained 0.65% when markets opened. Invesco QQQ Trust Series 1 showed a 1.3% advance in the latest quote. Nasdaq regular hours run from 9:30 a.m. to 4 p.m. ET. Latest available quotes pointed to mixed action:
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Broadcom shares jump on OpenAI move, margin outlook still in focus for AVGO

Broadcom (NASDAQ:AVGO) climbs after Apple (NASDAQ:AAPL) supply deal eases 2031 revenue risk

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6 July 2026
Broadcom Inc. traded higher in premarket on Monday after saying it will extend its chip partnership with Apple Inc. through 2031. The new deal makes Broadcom more of a long-term supplier to Apple, aiming at contract length instead of just another AI-chip move. Broadcom will supply a range of custom chips to Apple, which makes up around 20% of Broadcom’s yearly sales, analysts told Reuters. Broadcom was trading at $373.94 in MarketWatch’s delayed quote at 8:45 a.m. EDT, up $13.49 from its $360.45 close. With 4.76 billion shares on the table, that premarket move works out to nearly $64 billion in market cap added before the open.
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Oracle (NYSE:ORCL) stock looks for footing after AI backlog tops market value

Oracle (NYSE:ORCL) stock looks for footing after AI backlog tops market value

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6 July 2026
Oracle Corporation shares looked ready to bounce in premarket trading on Monday. Still, the main question for investors is whether Wall Street will keep backing a company with a backlog much bigger than its market cap. The New York Stock Exchange says Friday, July 3, will be its Independence Day holiday in 2026. Trading will resume Monday. Oracle finished the last session at $140.27, down 1.56%. Investing.com quoted Oracle at $143.93 premarket at 08:52:54, up 2.61%.
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AMD (NASDAQ:AMD) edges lower as market looks at $1 trillion CPU potential

AMD stock rebound weighs on AI premium after Nvidia delay chatter

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6 July 2026
Advanced Micro Devices Inc. traded at $530.64 in premarket at 04:46 ET, showing a 2.47% uptick from its $517.82 close in the last session, per Investing.com. The stock had dropped 4.26% in regular hours. The premarket rebound clawed back $12.82 of a $23.06 slide, or about 56%, but AMD was still $10.24 below its previous close using this calculation. The cash market hadn’t opened yet. For 2026, NYSE’s official calendar shows Friday, July 3 as the Independence Day holiday. Regular trading is scheduled for 9:30 a.m. to 4:00 p.m. ET.
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Palantir (NASDAQ:PLTR) stock trades at 43 times sales as holiday week begins

Palantir (NASDAQ:PLTR) edges higher after Mexico insurer deal

Palantir Technologies Inc. moved up late Tuesday morning as the company said Grupo Nacional Provincial, or GNP Seguros, is its first announced commercial customer in Latin America. The news gave Palantir its first non-U.S. commercial reference on a day tech stocks traded down. Nasdaq was open for a normal session. Nasdaq’s 2026 holiday schedule puts the July Independence Day closure on July 3, with regular hours at 9:30 a.m. to 4 p.m. Eastern. The stock traded at $135.34, up 2.1%. Invesco QQQ Trust fell 2.0%, while SPDR S&P 500 ETF Trust slipped 0.6%. The 4.1-point move over QQQ stands out since this wasn’t a chip cycle update. It was a commercial software deal, and the company didn’t say what the
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07 Jul
SkinHealth Systems (NASDAQ:SKIN) rallies; FDA update brings $1 Nasdaq rule back into focus

SkinHealth Systems (NASDAQ:SKIN) rallies; FDA update brings $1 Nasdaq rule back into focus

SkinHealth Systems Inc. surged in busy trading Tuesday after the medical aesthetics company announced its SkinStylus microneedling device got a fresh FDA clearance for periorbital wrinkles. Investors focused less on the approval, more on the pricing. Shares jumped 49.9% to $1.1319 as of 12:06 p.m. EDT, moving in a range from $0.7715 to $1.17. Volume hit 60.2 million shares, well above the 65-day average of 1.17 million. That’s about 51.5 times typical volume, according to WSJ market data.
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07 Jul
Semiconductors ETF slide puts AI exposure in focus; Invesco (NYSEARCA:PSI) falls back

Semiconductors ETF slide puts AI exposure in focus; Invesco (NYSEARCA:PSI) falls back

Chip ETFs traded lower late Tuesday morning in New York, with the hardest fall coming from this year’s top performer, not the ETF with the most Nvidia. Invesco Semiconductors ETF slid roughly 7.8% to $147.08 near 11:50 a.m. EDT, according to latest pricing. VanEck Semiconductor ETF lost around 5.0%. Cross-ETF numbers from Benzinga’s July 6 holdings check and Tuesday’s late-morning pricing showed the reversal:
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07 Jul
Pfizer rebound keeps dividend stable, HSBC lowers upside by $23 billion

Pfizer rebound keeps dividend stable, HSBC lowers upside by $23 billion

Pfizer Inc. traded up 1.7% at $24.13 as of 11:48 a.m. EDT Tuesday, recovering some ground after Monday’s 2.47% slide to $23.72. The stock’s loss on Monday stood out with the S&P 500 up 0.72% and the Dow up 0.29%, making it a clear underperformer, not just a victim of the broader market. HSBC moved Pfizer to Hold from Buy and slashed its price target to $28 from $32, pointing to less confidence in a near-term re-rating. The firm now gives a 40% probability to market for sigvotatug vedotin, down after a Phase 3 lung cancer miss, and bumped its beta assumption to 0.85, up from 0.78.
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07 Jul
Micron (NASDAQ:MU) set for Nasdaq move as SK Hynix (KRX:000660) shakes up AI memory trade

Micron (NASDAQ:MU) drops $89 billion on Ford contract worries

Micron Technology, Inc. was active in Tuesday’s regular Nasdaq session. According to Nasdaq’s 2026 calendar, markets close for Independence Day on July 3, not July 7. Regular U.S. trading runs from 9:30 a.m. to 4:00 p.m. ET. The stock last traded down $78.10 at $906.65, putting the market cap near $1.038 trillion. With that market cap and price, the share count works out to roughly 1.145 billion. The day’s drop shaved about $89.4 billion from equity value. The session low of $892.50 erased about $105.6 billion in value.
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07 Jul
Nu Holdings down as proxy reveals buyback won’t move share count much

Nu Holdings down as proxy reveals buyback won’t move share count much

Nu Holdings Ltd. slipped 1.1% to $13.91 Tuesday, trading near the bottom of its $13.81 to $14.37 intraday band just before 11 a.m. in New York. The NYSE ran normal hours; its calendar puts the Independence Day holiday on July 3, with no mention of a July 7 close. Investors had already seen the meeting date, but the new detail came from Nu’s July 6 proxy filing. The company reported 3.81 billion Class A shares and 1.02 billion Class B shares outstanding on June 26. Each Class A share has one vote. Class B shares get 20 votes apiece.
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07 Jul
Trident Digital Tech (NASDAQ:TDTH) gains as founder debt exchange comes in under market price

Trident Digital Tech (NASDAQ:TDTH) gains as founder debt exchange comes in under market price

Trident Digital Tech Holdings Ltd rose Tuesday, bucking a softer U.S. market, after investors weighed in on a related-party debt swap that would turn a founder’s claim into restricted Class B shares ahead of a shareholder vote in Singapore. Trident was up 46.7% at $2.67 as of 10:48 a.m. EDT, moving from a $1.82 close. Shares opened at $3.01, reached $3.53, and volume for the day hit 33.2 million.
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07 Jul
Dow Jones today: Dow closes above 53,000 as narrow chip-led rally beats weak breadth

Dow slides as Caterpillar and Honeywell weigh on blue chips

NEW YORK, July 7, 2026, 11:04 EDT. The Dow Jones slipped with Caterpillar and Honeywell dragging on the index and offsetting strength in some defensive names. NEW YORK — U.S. stocks opened mostly lower Tuesday as regular cash trading began at 9:30 a.m. ET on the NYSE, with the session set to close at 4 p.m. The Nasdaq’s 2026 holiday calendar still puts the Independence Day break on July 3, not July 7. The Dow Jones Industrial Average was down but outperformed the S&P 500 and Nasdaq Composite, while chip stocks were hit hardest.
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07 Jul
SU Group Holdings (NASDAQ:SUGP) trades volume 20 times Class A shares after Hong Kong deal

SU Group Holdings (NASDAQ:SUGP) trades volume 20 times Class A shares after Hong Kong deal

SU Group Holdings stock saw heavy trade, with volume at 20 times the Class A share count after news of a Hong Kong contract win. HONG KONG, July 7, 2026, 22:04 HKT SU Group Holdings Limited rose 1.8% to $0.84 at 9:49 a.m. ET Tuesday. Shares jumped as high as $1.22 early but pulled back. Volume hit 73.5 million shares. All figures are from regular Nasdaq trading hours, which run 9:30 a.m. to 4 p.m. ET. Nasdaq shows July 3, 2026, as the Independence Day holiday, not this Tuesday.
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07 Jul
CCH Holdings (NASDAQ:CCHH) shares climb after $50M data-centre contract announcement

CCH Holdings (NASDAQ:CCHH) shares climb after $50M data-centre contract announcement

CCH Holdings Ltd jumped 28% to $0.575 in early trading Tuesday after the restaurant operator out of Malaysia said its unit signed a three-year sales and service deal for data-centre infrastructure. Shares hit $0.811 at the session high. The stock closed at about $0.45 on Monday. Volume stood at 100.6 million shares as of 9:50 a.m. EDT. The U.S. market had opened by the dateline. Nasdaq trading hours in the U.S. go from 9:30 a.m. to 4:00 p.m. ET. According to NasdaqTrader’s 2026 holiday schedule, the Independence Day closure is listed for July 3, not July 7.
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07 Jul
Plug Power (NASDAQ:PLUG) holds steady; cash burn almost equals Q1 revenue

Plug Power (NASDAQ:PLUG) falls after Australia order spotlights hydrogen subsidy math

Plug Power Inc. dropped early Tuesday. The hydrogen equipment maker had just announced a 50 MW electrolyzer order connected to an Australian industrial project that hit final investment decision. Plug last changed hands at $2.615, off 0.9% in the session. Shares moved between $2.59 and $2.76. Market cap was around $3.63 billion. The iShares Global Clean Energy ETF fell 1.3%. Invesco QQQ Trust dropped 1.4%. SPDR S&P 500 ETF Trust declined 0.2%.
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07 Jul
Nokia drops as investors shrug at FiberCop news, look to AI-optics prices

Nokia drops as investors shrug at FiberCop news, look to AI-optics prices

Nokia Oyj dropped in Helsinki on Tuesday, reversing more of the AI-optical-network gains that took the Finnish telecom group to a 16-year high earlier this year. The shares changed hands at €10.58 as of 17:02 Helsinki time, off 4.08% for the session, with a range from €10.52 to €10.88. Around 4.91 million shares traded, roughly 25% of the typical 19.55 million average. Nasdaq Helsinki regular hours are 10:00 to 18:30, so this was not a closing price.
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07 Jul
Select Medical (NYSE:SEM) last trade ends above buyout as Gulfport takes S&P spot

Select Medical (NYSE:SEM) last trade ends above buyout as Gulfport takes S&P spot

NYSE was running normal hours at the dateline. July 7 isn’t a scheduled 2026 exchange holiday. Select Medical Holdings Corporation was off the board after being taken private by a group led by Executive Chairman Robert A. Ortenzio, Martin F. Jackson, and Welsh, Carson, Anderson & Stowe. The company told the NYSE to halt trading before the open on July 1. The strange thing about the exit was the last print. Select Medical's last quoted price hit $16.51, which is actually a penny above the $16.50 cash merger price. That difference may look tiny, but it matters for event-driven funds: anyone buying at that price paid above the cash-out level, not including fees. Final trade volume was 27.8 million shares,
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07 Jul
Pop Culture Group (NASDAQ:CPOP) rises premarket, but below June pricing

Pop Culture Group (NASDAQ:CPOP) rises premarket, but below June pricing

Pop Culture Group Co., Ltd traded higher premarket Tuesday, but shares stayed below the June deal price. At 9:01 a.m. EDT, stock was at $0.1242, under the $0.15 level set for a registered-direct investor buying shares or pre-funded warrants. The stock ended Monday at $0.0923, rising 9.36%. It was up another 34.56% in pre-market before the opening bell. Nasdaq’s pre-market goes from 4:00 a.m. to 9:30 a.m. ET, then shifts to regular trading until 4:00 p.m. ET.
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07 Jul
Bluejay Diagnostics Stock Nearly Triples After U.S. Manufacturing Deal — Here’s the FDA Catch

Bluejay Diagnostics stock rally meets a June warrant wall after pre-market churn

Bluejay Diagnostics, Inc. jumped before the open on Tuesday. The rally put a tiny diagnostics stock back on active trader screens, but the sharper point was the financing math sitting above the tape. The Nasdaq regular session had not opened in New York. Nasdaq lists its regular stock-market hours at 9:30 a.m. to 4:00 p.m. ET and pre-market hours at 4:00 a.m. to 9:30 a.m. ET. Its 2026 holiday schedule shows the Independence Day closure fell on July 3, not July 7.
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07 Jul
Tesla jumps on SpaceX merger chatter, market shrugs off Musk cash ties

Tesla jumps on SpaceX merger chatter, market shrugs off Musk cash ties

Tesla Inc traded up before the U.S. open Tuesday, with investors talking up the chance Elon Musk could merge the company with Space Exploration Technologies Corp, also called SpaceX. A Futu market note on July 6 said Tesla’s rally stretched to 5% on bigger merger chatter. The latest quote had shares at $419.77, up 6.65%. As of 09:02 EDT, U.S. stocks were still trading in premarket hours. Nasdaq notes its main trading opens at 9:30 a.m. Eastern, with premarket from 4 a.m. to 9:30 a.m. Eastern.
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07 Jul
Student loan reset pushes risk to servicers, private lenders after SAVE notices

Student loan reset pushes risk to servicers, private lenders after SAVE notices

Forced moves off the Saving on a Valuable Education repayment plan are dividing risk and opportunity in U.S. student credit. Federal loan servicers now face the first wave of extra admin work, while private lenders could see more demand from grad borrowers who hit federal loan caps. The Education Department said servicers started sending out notices July 1, giving SAVE plan borrowers 90 days to pick a new plan or be put on the Standard or new Tiered Standard plans if they don’t respond. The numbers are big on top of what’s already a strained federal loan book. Federal Student Aid reported 42.6 million people held $1.7 trillion in federal student loans as of March 31. That included 40.9 million
07 Jul
ServiceNow (NYSE:NOW) moves higher before bell, but light trading keeps rebound in check

ServiceNow (NYSE:NOW) moves higher before bell, but light trading keeps rebound in check

ServiceNow moved up ahead of Tuesday’s open. Volume is more telling here for investors. The stock was up on Monday and ticked higher in the premarket, but it still hasn’t broken through the longer-term trend line overhead. NYSE core trading was not open at the dateline. The exchange’s regular hours are 9:30 a.m. to 4 p.m. ET. NYSE records list the Independence Day close as Friday, July 3 on the 2026 holiday schedule, not Tuesday, July 7.
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07 Jul
IBM (NYSE:IBM) rally trims gap to consensus as BofA looks for Confluent boost

IBM (NYSE:IBM) trades on Confluent software story, less on quantum headlines

International Business Machines Corporation was trading up ahead of Tuesday’s bell, after a quantum deal brought some lift on Monday. But the focus now is if the Confluent acquisition’s smaller revenue chunk could put IBM’s software outlook on the low side. IBM finished Monday at $299.52, up 3.45% and logging a sixth day higher. A later MarketWatch quote showed the stock at $302.59 as of 6:57 a.m. EDT Tuesday, still trading around 9% below its 52-week high of $332.46. Monday’s volume hit 7.18 million shares, about 84% of the 65-day average.
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07 Jul
USPS stamp hike to 82 cents raises volume risk for mail-related stocks

USPS stamp hike to 82 cents raises volume risk for mail-related stocks

USPS stamp prices are back in focus for U.S. households in North Carolina and Arizona, according to local media this week. Investors may be watching a steeper figure: 691 million fewer First-Class Mail pieces were handled in USPS’s fiscal second quarter. Even after lifting prices, revenue in the segment dropped 0.5%. USPS’s Postal Explorer says the July 2026 price change takes effect July 12. Final price files are dated June 17, with the last Notice 123 posted July 2. Postal Regulatory Commission records show a May 27 order on price changes for First-Class Mail, USPS Marketing Mail, Periodicals, Package Services and Special Services.
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07 Jul
Lucid Group (NASDAQ:LCID) up after $800 million Saudi loan puts spotlight on cash burn

Lucid Group (NASDAQ:LCID) up after $800 million Saudi loan puts spotlight on cash burn

Lucid Group, Inc. gained in premarket trading Tuesday after a July 6 filing showed it pulled another $800 million from its Saudi-backed credit facility. Shares traded at $6.66 at 8:04 a.m. EDT, up 9.5% from Monday’s close. The company’s market cap was around $2.19 billion. The bigger story for investors isn’t the price jump but how much Lucid is borrowing compared to its size. The $800 million loan is 36.6% of Lucid’s market cap and works out to roughly $202,378 for every one of the 3,953 vehicles delivered in Q2.
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07 Jul
Allegiant (NASDAQ:ALGT) heads into loyalty test against Sun Country (NASDAQ:SNCY) after $1.5 billion deal

Allegiant (NASDAQ:ALGT) heads into loyalty test against Sun Country (NASDAQ:SNCY) after $1.5 billion deal

Allegiant has shifted focus to holding onto Sun Country customers at Minneapolis-St. Paul after closing its acquisition. The investment idea now is less about slashing overlap and more about keeping Sun Country passengers as the companies navigate a lengthy system split. The merger wrapped up on May 13, following regulatory and shareholder sign-off, and Sun Country shares stopped trading at the close. Allegiant was indicated at $115.62 as of 07:20 CDT, before U.S. markets opened. The main Nasdaq and NYSE trading hours are 9:30 a.m. to 4 p.m. ET.
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07 Jul
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