4 min read
Nvidia beat big. The bond market still sets the tone.
Nvidia guided to $108 billion and S&P futures rose 0.3%. Salesforce jumped 12.7% after hours. Sticky PCE and a 4.65% 10-year explain the gap.
- market-briefing
- Nvidia
- Salesforce
01Writing
What happened overnight.
A short read before the US open, every trading day: the moves that matter, the stories behind them, and what is on the calendar. Not financial advice.
- All
- market-briefing31
- semiconductors9
- earnings6
- oil6
- rates5
- Nvidia3
- Oracle3
- AMD2
- Applied Materials2
- Cisco2
- CPI2
- Datadog2
- macro2
- premarket2
- software2
- Walmart2
- Alibaba1
- Apple1
- Arm1
- artificial-intelligence1
- bonds1
- Coinbase1
- CrowdStrike1
- Eli Lilly1
- federal-reserve1
- FOMC1
- Hormuz1
- inflation1
- Intel1
- Jackson Hole1
- M&A1
- megacap1
- Merck1
- micron1
- nvidia1
- Palantir1
- payrolls1
- PCE1
- retail sales1
- S&P 5001
- Salesforce1
- Shopify1
- Treasury yields1
- treasury-yields1
- Workday1
2 min read
PCE at 8:30, Nvidia After the Close: A Session Between Two Events
July PCE and GDP land together at 8:30 ET, Nvidia reports after the bell, and Tuesday's tape was a rotation rather than a rally.
- market-briefing
- Nvidia
- PCE
3 min read
The Tech Rout That Wasn't: 48 Advancers, 52 Decliners
Monday's selloff was a rotation, not a de-risking. Micron fell 5.83% with its 2026 supply already sold out, and Nvidia reports Wednesday, not today.
- market-briefing
- premarket
- micron
3 min read
Tech-led futures dip, Alibaba's two selloffs, Canada tariffs hit
Futures edge lower with tech under pressure, Friday's crypto rally still dominates the boards, and 50% US tariffs on Canadian goods took effect at midnight.
- market-briefing
- premarket
- Nvidia
3 min read
Walmart's 9% Drop and a 30-Year Yield Near 2007 Highs
Walmart fell 9.15% after a comparable-sales miss even as it raised guidance, while long-dated Treasury yields set the tone for everything else.
- market-briefing
- Walmart
- CrowdStrike
3 min read
Walmart at 7, retail sales at 8:30: the consumer gets tested
Walmart reports before the open and retail sales follow at 8:30. Behind Wednesday's calm index: Merck +12.6%, biotech ripping, semis and cyber down 4-5%.
- market-briefing
- Walmart
- retail sales
3 min read
Fed statement at 2 pm after a third straight S&P 500 decline
The FOMC statement lands at 2 pm ET after the S&P 500's third straight loss. Micron fell 7% on record results; Intel's raise moved 121 million shares.
- market-briefing
- FOMC
- Treasury yields
3 min read
Semis Lead, Software Sold: Rotation Inside Tech, Not Risk-Off
Monday's tape split 25 advancing to 75 declining, semis led while software was sold on someone else's revenue print, and Home Depot reports before the open.
- market-briefing
- semiconductors
- software
4 min read
Semis split: Applied Materials' record quarter, down 5.1%
A record quarter sent Applied Materials down 5.1% while AMD rose 6.5%. Reddit's 12.6% index pop, negative breadth and a two-sided rate story.
- market-briefing
- semiconductors
- AMD
3 min read
Cisco falls 8.4% on a beat; Workday jumps on buyout talks
Cisco lost 8.4% after beating and raising, Workday gained 17.8% on a reported Silver Lake approach, and the S&P closed at a record. Retail sales at 8:30am ET.
- market-briefing
- Cisco
- Workday
3 min read
Semis Carried Wednesday; Cisco's Print Lands Before the Bell
AI hardware led while software and consumer sold. Cisco reported $17.3B revenue after the close, and PPI hits at 8:30 AM ET.
- market-briefing
- semiconductors
- Cisco
3 min read
CPI at 8:30 With the AI Trade Split Down the Middle
July CPI lands at 8:30 a.m. ET after a defensive Tuesday: Oracle and Datadog fell while MongoDB and AMD rose. Global-e reports before the open.
- market-briefing
- CPI
- Oracle