--- title: "U.S. stock market midday update: ITG up 11.65%, boosted by favorable market-making cooperation with Apogee" type: "News" locale: "en" url: "https://longbridge.com/en/news/293496846.md" description: "ITG rose 11.65%; SpaceX rose 0.70%, with a transaction volume of USD 2.654 billion; AT&T rose 3.19%, with a transaction volume of USD 1.508 billion; Verizon rose 1.61%, with a transaction volume of USD 384 million; T-Mobile US fell 0.28%, with a market value of USD 209.5 billion" datetime: "2026-07-22T15:58:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293496846.md) - [en](https://longbridge.com/en/news/293496846.md) - [zh-HK](https://longbridge.com/zh-HK/news/293496846.md) generator: "portal-rs" --- # U.S. stock market midday update: ITG up 11.65%, boosted by favorable market-making cooperation with Apogee **U.S. Stock Market Midday Update** ITG rose 11.65%, with increased trading volume. Based on recent key news: 1. On July 21, Apogee Minerals Ltd. announced a partnership with Independent Trading Group (ITG) to provide market-making services, pending regulatory approval. This move aims to enhance liquidity and ensure market stability for its common stock, driving up ITG's stock price. Source: Zhitong Finance Market liquidity enhancement, risks need attention. **Stocks with High Trading Volume in the Industry** SpaceX rose 0.70%. Based on recent news, 1. On July 22, SpaceX announced it will release its first quarterly report post-IPO on August 4, and will unlock 911.5 million shares of internal restricted stock two days later. This news attracted market attention, leading to stock price fluctuations. Source: Viewpoint Network 2. On July 21, SpaceX's Falcon 9 rocket aborted its launch during a Starlink mission, subsequently announcing the suspension of that day's launch. This incident raised market concerns about the company's technical issues, leading to a drop in stock price. Source: Viewpoint Network 3. On July 20, SpaceX's stock price fell for ten consecutive days, down 44% from an intraday high of $225.64. Market doubts about its high valuation and future performance led to a continued decline in stock price. Source: Economic Information Agency Aerospace ETF rose 0.25%, with mixed overall industry performance. AT&T rose 3.19%. Based on recent news, 1. On July 22, AT&T reported second-quarter earnings, with adjusted earnings per share of $0.65, exceeding the expected $0.59. Wireless user growth accelerated, adding 646,000 high-speed internet customers and 432,000 postpaid mobile users. The company announced an accelerated stock buyback of approximately $10 billion by 2026 and reaffirmed its full-year earnings guidance, expecting earnings per share between $2.25 and $2.35. This news drove the stock price up. 2. On July 22, AT&T projected that its operating cash flow for the fourth quarter would exceed the same period last year. This expectation boosted market confidence, further driving up the stock price. 3. On July 22, analyst Summit Research stated that AT&T's second-quarter performance was strong, and it accelerated its stock buyback commitment to $10 billion by 2026, providing substantial fundamental support and enhancing market confidence in its recovery. The telecommunications industry performed well overall, with significant user growth. Verizon rose 1.61%. Based on recent key news: 1. On July 21, Verizon announced it would lay off 54 employees in Washington, impacting the company's operating costs and potentially raising market concerns about its future profitability 2. On July 22, analysts pointed out that Verizon's stock price rebound has not kept pace with the market. Although the stock price has recovered somewhat, it still performs poorly, affecting investor confidence. 3. On July 20, Royal Bank of Canada lowered Verizon's target price to $46, reflecting the market's cautious attitude towards its future growth. The telecommunications industry faces risks of layoffs and target price reductions. **Stocks ranked among the top in industry market capitalization** T-Mobile US fell 0.28%. Based on recent news, 1. On July 22, Samsung's latest Galaxy series products will be launched on T-Mobile, with pre-sales already started and official release on August 7. This news may attract more consumers to choose T-Mobile's services, enhancing its market competitiveness. 2. On July 20, Royal Bank of Canada lowered T-Mobile's target price from $240 to $230. This rating downgrade reflects market concerns about T-Mobile's future profitability, putting pressure on the stock price. 3. On July 19, a detailed analysis report on T-Mobile indicated that it may be undervalued or overvalued, involving fair value estimation, potential risks, dividends, insider trading, and financial condition. This analysis may prompt investors to reassess their investment strategies, affecting stock price fluctuations. The telecommunications industry has shown stable performance recently, with limited impact from macroeconomic data ### Related Stocks - [ITG.US](https://longbridge.com/en/quote/ITG.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [T.US](https://longbridge.com/en/quote/T.US.md) - [VZ.US](https://longbridge.com/en/quote/VZ.US.md) - [TMUS.US](https://longbridge.com/en/quote/TMUS.US.md) ## Related News & Research - [Argentina Metals Announces Engagement of Market Maker | VLLCF Stock News](https://longbridge.com/en/news/296608997.md) - [Transcript: ITG Q2 2026 Earnings Conference Call](https://longbridge.com/en/news/295805006.md) - [Vortex Energy hires Independent Trading Group as CSE market maker for C$ 5,500 monthly fee](https://longbridge.com/en/news/296102301.md) - [Prominent ITG Director Makes Bold Move With Fresh Stock Purchase](https://longbridge.com/en/news/292007250.md) - [ITG appoints Francis A. Braun III and Dylan G. Petre to Board; Braun to chair Audit Committee](https://longbridge.com/en/news/291785453.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**