- U.S. stocks experienced a volatile week marked by rising Treasury yields, with the S&P 500 falling 1.4% and the Nasdaq losing 2% despite a modest rebound on Friday.
- Ross Stores and Webull reported strong second-quarter earnings beats and raised their financial guidance, while Berkshire Hathaway reshaped its portfolio by increasing stakes in homebuilders and Alphabet.
- Moderna shares dropped 25% following a historic rally, and Nvidia faced intense market pressure despite delivering consistent earnings beats.
- U.S. stock futures rose on Friday morning following a Treasury yield-led slump on Thursday, with Nasdaq 100, S&P 500, and Dow Jones futures up 0.65%, 0.42%, and 0.55%, respectively.
- Oil prices increased due to stalled U.S.-Iran conflicts disrupting Middle East supplies, with Brent crude rising 0.39% to $94.19 per barrel and WTI crude up 0.26% to $87.05 per barrel.
- Individual stocks such as Ross Stores and BJ's Wholesale surged following strong second-quarter earnings reports, while crypto-related companies gained as Bitcoin rose after a White House crypto meeting.