Wall Street surged with the S&P 500 closing above 7,700 for the first time, driven by optimistic Iran negotiations, robust Q2 earnings growth, and a broad tech sector rally. Treasury Secretary Scott Bessent's comments on a potential deal to reopen the Strait of Hormuz eased oil price concerns, boosting market confidence. Earnings reports showed a 27% growth excluding major tech, supporting further gains. Technical breakout and momentum shifts after a major fund's forced sell-off also contributed to the rally, with analysts optimistic about continued market strength through year-end.
Caterpillar reported a record $20.5 billion in sales for Q2 2026, a 24% increase from the previous year, fueled by strong demand for power and construction equipment used in AI data center projects. Sales grew across all segments, with power and ener...
The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operat...
In Q2 2026, corporate earnings across the S&P 500 surged about 57%, more than double Wall Street's expected 23.6% growth, with 86% of companies beating estimates. Palantir Technologies and Alphabet reported significant earnings beats, with Alphabet's...
Alphabet Inc. reported a 24% year-over-year revenue increase to $119.8 billion, driven by an 82% surge in cloud revenues and expanding profit margins. The company raised its full-year capital expenditure guidance to $195–205 billion, signaling confid...
The recent correction in the tech sector is viewed as a valuation reset rather than a fundamental problem, creating buying opportunities in high-quality AI and semiconductor companies. Semiconductor leaders like NVIDIA, Micron, Broadcom, and TSMC are...
