Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

Micron (MU) stock has been retracing since hitting an all-time high of $1,254.8 on June 25, reaching a local low of $737.88 on July 29. BofA analyst Vivek Arya noted that the recent repricing reflects investors positioning early for a potential downcycle "rather than a response to fundamentals"—which he believes are currently continuing to improve.

U.S. non-farm payrolls for July unexpectedly turned negative, cooling Federal Reserve rate hike expectations and boosting market trading sentiment as the three major indices all strengthened. Memory stocks faced a sell-off, while software stocks rallied broadly. At the close, the Dow Jones Industrial Average rose 0.28% to 54,036.93 points; the Nasdaq Composite Index climbed 1.30% to 26,690.62 points; and the S&P 500 Index gained 0.62% to 7,757.64 points.

On August 7 (ET), SpaceX (SPCX) broke through a periodic high of $126.71. This followed the official unlocking of the first batch of 911.5 million insider restricted shares on August 6, representing a potential release of approximately $100 billion in market value. However, the sell-off that the mar

TradingKey - As of the European session on August 7, gold prices (XAUUSD) extended their recent strong performance, rising more than 1% intraday and briefly surpassing the $4,300 mark. With a cumulative weekly gain of over 6%, gold is on track to record its largest single-week increase since January. As the market awaits the release of U.S. July non-farm payroll data, investors are re-evaluating whether a Federal Reserve rate hike in September remains necessary, placing gold in a critical phase for its next near-term directional move.

Cloudflare reports Q2 after the close Aug 6. A beat is expected (~$665M, $0.27 EPS), but with NET at a record ~$300 above most price targets, guidance is what matters.