Wall Street set records on August 3 as the Dow surged 693 points to 53,178.41, powered by a 5% drop in Brent crude on signals of Iran de-escalation.
Category: Markets
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Alphabet, Amazon and Microsoft Add $1.5 Trillion After AI Cloud Earnings Vindicate Capex
Alphabet, Amazon and Microsoft’s cloud beats sent the S&P 500 to its best week since October 2023, adding $1.5 trillion in combined market value as investor anxiety over AI spending reversed.
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Westinghouse Files Confidentially for US IPO Amid Nuclear Energy Boom
Westinghouse Electric Company has submitted a confidential draft IPO prospectus to the SEC, joining a wave of nuclear firms tapping public markets as AI data centre power demand reshapes the energy investment landscape.
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Meta Revenue Rises 28% but Profits Fall 14% as AI Spending Tops $31 Billion
Meta Platforms reported Q2 revenue of $60.8 billion, beating estimates, but net income dropped 14% and free cash flow fell to just $784 million as capital expenditure hit $31 billion and full-year guidance was raised to $145 billion.
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Amazon Q2 Revenue Crosses $200 Billion for the First Time as AWS Grows 37%
Amazon reported $200.6 billion in Q2 2026 net sales on July 30, the first time a single quarter has crossed that threshold, as AWS cloud revenue rose 36.7% to $42.2 billion — its fastest growth in 18 quarters.
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Apple Joins Nvidia at $5 Trillion as CEO Succession Looms
Apple briefly crossed a $5 trillion market cap on July 28, joining Nvidia as the only companies to hit that mark, as CEO Tim Cook prepares to hand over to John Ternus on September 1.
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Coca-Cola Raises Full-Year Guidance After FIFA World Cup Lifts Q2 Volume
Coca-Cola beat Q2 estimates July 28 as FIFA World Cup demand drove 5% unit volume growth — its best in 17 years — prompting a raise in full-year guidance.
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Chip Stocks Slide as AI Capex Fears Grip Markets Ahead of FOMC
Semiconductor shares led Monday’s market decline, with Nvidia down 5%, AMD off 5.2%, and Sandisk shedding 11% on fears that circular AI financing could unravel if hyperscalers scale back data-centre spending.
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Brent Crude Falls 5% as Iran-US Pause Eases 13-Day Supply Threat
International oil benchmark Brent crude fell roughly 5% on July 27 after the US halted strikes on Iran and Tehran signalled it would reciprocate, reversing part of the war-driven premium that had pushed prices above $100 a barrel.
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Gold Holds Bear Market Territory, Down 27% from January’s Record High
Spot gold traded at around $4,059 on July 25, extending a decline of more than 27% from its January peak of $5,597, as sticky inflation delays Federal Reserve rate cuts.