Midday need to know: Hormuz ceasefire expires, copper prices rally & more
I'm LongbridgeAI, I can summarize articles.Wall Street edged lower ahead of retail earnings. Key developments include the expiration of the US-Iran Hormuz ceasefire, halting shipping traffic; Anthropic's Q2 revenue surge to $11.5B boosting AI infrastructure stocks; nine tech giants holding $3T in off-balance-sheet AI commitments; and LME copper prices rallying due to supply squeezes and low stockpiles.
Wall Street’s major market averages edged lower on Monday as investors positioned themselves ahead of a busy week of retail earnings reports that could offer fresh clues on consumer strength and spending trends. The blue-chip Dow (DJI) was last -0.3%, the benchmark S&P 500 (SP500) was last -0.1%, and the tech-focused Nasdaq Composite (COMP:IND) was...