Bears win (🟥)

🟥 Red closing bell incoming.

The mixed signals across the indices tell the true story. While the Dow is scraping for minor gains (+0.16% at 52,743.21), the S&P 500 and Nasdaq are leading a major bleed because the core foundations of the tech sector are entirely cracking under massive selling pressure.

The news story to watch: Wall Street's tech darlings are facing severe turbulence as chip stocks come under extreme pressure. U.S. stock futures are tumbling significantly, with heavy market weakness across major semiconductor names including Sandisk, Western Digital, and Micron.To make matters worse for crypto equities, the broader sell off completely triggered the final exit for BNB Plus as its stock was officially suspended and booted from the Nasdaq. This rapid evaporation of tech and digital asset liquidity is the ultimate canary in the coal mine for over-extended growth multiples.

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Wall Street gains on cooler inflation, strong bank earningsWall Street gains on cooler inflation, strong bank earnings

Financial markets now see an 83.4% chance the Fed holds rates steady in July, up from 58.3% on Monday.

https://www.commbank.com.au/articles/newsroom/2026/July/wall-street-gains-cooler-inflation-bank-earnings.html

https://www.cnbc.com/2026/07/13/stock-market-today-live-updates.html

https://intellectia.ai/blog/us-cpi-inflation-fed-policy-july-2026

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Dormant Bitcoin Whale Moves $383 Million After More than 8 Years

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Netflix may have been declared the victor of Hollywood's so called Streaming Wars, but it hasn't been able to enjoy many spoils at the end of the long campaign.

Netflix Worries Binge-Watching Era Is OverNetflix Worries Binge-Watching Era Is Over

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On Wednesday, SpaceX stock dipped to a new all-time low of $132.75, dropping below its IPO price of $135 and subsequently closing at $135.27. 

SpaceX shares are now down over 30% from their all-time high and around 10% year to date; shares were slightly lower in midday trade Thursday.

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The Trump administration is tacking on a 25% duties for Brazil, kicking off a renewed rollout of global tariffs. A follow-up move that could cover more than 80 countries is expected within weeks.

The official notice was released on Wednesday night, with the Brazilian tariffs going into effect on July 22. It carves out some major exceptions like oil and gas, beef, coffee, and oranges,

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GameStop Corp. Chief Executive Officer Ryan Cohen declined to say if he planned to raise his $56 billion offer for online auctioneer eBay Inc., but said

we're coming for eBay one way or another.

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Since the start of 2010, Coca-Cola has returned almost $102 billion to investors via dividend payments. This equals 28% of the current market cap.

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Momentum can be a powerful force in investing. From April through June, the broad US stock market rebounded from a rough start to the year and gained more than 15%. Investors betting on smaller sized US companies fared even better, but not as well as those riding the momentum wave.

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Big Tech earnings kick off next week with Google (GOOG, GOOGL) and Intel (INTC) set to report results on July 22 and 23, respectively. And investors will have their eyes on AI spending and returns, as well as chip sales.

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Billionaire Warren Buffett Has a ‘McGold Card’ That Gives Him Free Food for Life ‘So That’s Why the Buffett Family Has Christmas Dinner at McDonald’s’Billionaire Warren Buffett Has a ‘McGold Card’ That Gives Him Free Food for Life ‘So That’s Why the Buffett Family Has Christmas Dinner at McDonald’s’

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JPMorgan CEO Jamie Dimon says 300,000 workers are needed to rebuild American shipbuilding with jobs paying $100,000 without a college degree.

Red

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