The Nasdaq trimmed losses to near flat as Fed officials signaled possible rate hikes in October. The 10-year yield rose to 5.18% and WTI crude climbed 3% on Iran-Strait of Hormuz talks. Costco slipped ahead of earnings due after the close. MGM tumbled 11% on a failed takeover. TD Synnex fell 8% despite beating estimates on negative free cash flow. Oracle dropped 6% on force majeure data center concerns. Everpure surged 17% to a record after analyst day forecasts. GoDaddy broke out on class-action lawsuit news. New home sales beat expectations. Jobless claims rose less than expected.
Nasdaq composite trimmed losses to near-flat in afternoon trading.
Fed officials called for possible rate hikes in October. New York Fed President Williams said another hike in 2026 would be 'reasonable'.
Philadelphia Fed President Paulson noted stubbornly elevated inflation.
Traders see 64% chance of another rate hike in October per CME FedWatch.
10-year Treasury yield rose 7 bps to 5.18%.
WTI crude futures climbed 3% to ~$94.90. U.S. and Iran in talks to reopen Strait of Hormuz with sanctions relief.
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
$COST Costco Q4 Earnings
EPS $6.75, est. $6.53
Total Revenue $95.72B, est. $94.92B
Total Company Comp Sales ex-gas, FX +6.7%, est. +6.44%
Total Company Comp Sales incl. gas, FX +9.4%, est. +8.37%
bullish 70 · impact 40
Costco Q4 net sales rise 11.2% to $93.9B, EPS $6.75 beats estimatesbullish 75 · impact 65
Oracle stock falls on report of force majeure notice for New Mexico data centerbearish 30 · impact 40
Oracle data center delay pressures GE Vernova and power-equipment stocksbearish 35 · impact 40
Treasury yield hits 5.16%, stocks fall as bond selloff deepensbearish 25 · impact 80
Nasdaq sinks on hawkish Fed chorus; Darden Restaurants slides on earningsbearish 30 · impact 70
Nasdaq sinks on rate-hike jitters; Oracle triggers sell signal after force majeurebearish 30 · impact 50
Oracle stock slides 7% as force majeure notice on key AI data center raises concernsbearish 20 · impact 60
Oracle stock falls 6.9% after force majeure notice on Project Jupiter data centerbearish 20 · impact 75
Stock Market Today: Dow Falls Amid High Treasury Yields; Nvidia, Sandisk Sell Off (Live Coverage) -- IBD
Dow falls 0.5% as Treasury yields stay elevated; Nvidia, Sandisk lead tech lossesbearish 35 · impact 10
Oracle shares down 5.1% after force majeure notice on New Mexico data centerbearish 25 · impact 80
Dow futures drop as 10-year yield hits 5.1%, jobless: below forecastsbearish 35 · impact 10
BREAKING: Oracle stock, $ORCL, falls -5% after declaring "force majeure" on a massive data center being built in New Mexico.
Oracle has reportedly made the move in order to shield itself from rapidly rising expenses on the project. https://t.co/xCVRLVZARy
Dow futures drop 0.3% as 10-year yield hits 5.12%; jobless: below forecastbearish 25 · impact 80
Oracle stock falls 5% after force majeure notice cites rising costs for New Mexico data centerbearish 25 · impact 60
ORACLE $ORCL IS TRYING TO PROTECT ITSELF FROM PAYING FOR A DATA CENTER THAT HASN'T EVEN BEEN BUILT YET
Oracle sent developer Blue Owl Capital a force majeure notice on Project Jupiter, its massive New Mexico data center
Oracle isn't trying to walk away as the site's main tenant, it's trying to delay payments if the project misses its planned 2028 online date
The project has faced local opposition and regulatory setbacks. It's not clear whether the maneuver would actually free Oracle from its
Oracle shares fall 5% after force majeure report on New Mexico data centerbearish 25 · impact 60
Oracle shares fall 5.4% premarket after force majeure notice on New Mexico data centerneutral 50 · impact 65
Oracle invokes force majeure on Project Jupiter data centerbearish 30 · impact 50
Oracle seeks payment deferrals on delayed New Mexico data center projectbearish 30 · impact 60
Oracle shares fall 2.8% after force majeure noticebearish 35 · impact 40
Dow falls as Treasury yields top 5.12%; Nvidia extends losses premarketbearish 30 · impact 60 · this page
bullishneutralbearishlabel = ticker sentiment·impact · dot size follows impact · click a dot to open the story
