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Coca-Cola hits all-time high after Q2 earnings beat, raises guidance
Edgen Stock·Jul 29 2026, 02:53Share to
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[1] 2 Surging Stocks for Long-Term Investors and 1 We Question (https://finance.yahoo.com/markets/stocks/arti ...)[2] Stocks Set to Open Sharply Higher as Oil Prices Sink, Big Tech Earnings and Fed... (https://finance.yahoo.com/markets/stocks/arti ...)[3] Boeing Jumps 6%, Coca-Cola Gains 4% in a Dow Double-Shot as Money Rotates Out of... (https://finance.yahoo.com/markets/stocks/arti ...)[4] Is Coca-Cola Co a Buy After Its Latest Earnings Report? (https://finance.yahoo.com/markets/stocks/arti ...)
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Jul 29 2026, 03:53
Nasdaq breaks below 25,000 as Nvidia drops 5%, tech selloff deepens
The Nasdaq Composite fell below 25,000 points for the first time since May, dropping 0.46% to 24,861.26, as Nvidia's 5% slide deepened a tech rout. "This is a week with more than its fair share of potential surprises, good and bad," said Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley. The S&P 500 edged up less than 0.1% to 7,413.18, while the Dow Jones Industrial Average gained 262.83 points, or 0.5%, to 52,210.08. The Nasdaq's 0.2% decline marked its fourth straight losing session. Technology shares led the selloff: Nvidia dropped 5% to $195.92, and Micron Technology slumped 5.5% after Chinese memory chipmaker CXMT surged 466% in its Shanghai debut, threatening DRAM pricing. Microsoft rose 1.9% and Apple gained 1.2%, partially offsetting losses. Communications stocks advanced, with Alphabet up 2.1% and Charter Communications jumping 6.7%. The Nasdaq's breach of the 25,000 psychological level could trigger further technical selling, particularly in AI and semiconductor names that have driven this year's rally. The Federal Reserve's rate decision Wednesday looms as the next major catalyst, with markets pricing in a 36% chance of a hike. A 7.5% drop in WTI crude to $82.61 and the 10-year Treasury yield falling 4 basis points to 4.65% reflected a broader risk-off shift across asset classes. The selloff was concentrated in mega-cap tech, with the Philadelphia Semiconductor Index underperforming as CXMT's $8.6 billion IPO — the largest in China this year — raised the prospect of increased DRAM supply and lower prices. CXMT closed its first trading day with a $487 billion market capitalization after soaring 466%, directly challenging Micron's dominant position in the memory chip market. Traders pointed to three catalysts driving the move: the CXMT threat to semiconductor margins, a 7.5% collapse in oil prices after the U.S. and Iran paused hostilities, and positioning ahead of the Fed's two-day policy meeting starting Tuesday. Breadth data showed a mixed picture beneath the headline indices. Financial and consumer credit names outperformed: American Express climbed 2.8%, Capital One Financial added 2.1%, and Visa rose 1.9%. Payment processor Mastercard gained 2.2%. The 10-year Treasury yield fell to 4.65% from 4.69% on Friday, while Brent crude settled at $85.87 a barrel, down 6.3%, after the U.S. signaled willingness to give diplomacy room with Iran. All three major U.S. indexes are on pace to close July in the red, which would mark the second straight monthly loss for the S&P 500 and Nasdaq. Investors now turn to a packed week of earnings from Microsoft, Apple, Amazon, and Meta Platforms, along with the Fed's rate decision and July inflation data due Thursday. This article is for informational purposes only and does not constitute investment advice.
Jul 29 2026, 03:50
CME launches 55 single-stock futures for 23-hour trading
CME Group began trading cash-settled single-stock futures on 55 US companies July 27, allowing leveraged bets on stocks including Nvidia, Apple and Tesla from Sunday evening through Friday afternoon with just one hour of daily downtime. "This is clearly a defensive maneuver against the crypto industry that has made trading during market hours on individual stocks effectively moot," said Scott Melker, host of The Daily Wolf. "The future will be largely tokenized, but they're intending to compete." Standard contracts represent 100 shares, while micro contracts cover 10 shares each across 22 stocks. All contracts settle in cash on the underlying stock's closing price and trade quarterly. CME attempted a similar launch in 2002 during the depths of a tech bear market, but it failed as retail showed little appetite for leveraged single-stock derivatives at the time. The launch marks the latest front in a broader battle between traditional exchanges and crypto-native platforms for 24/7 trading volume. CME is simultaneously suing the Commodity Futures Trading Commission over its approval of perpetual futures — a crypto-native product with no settlement date — arguing the contracts fall outside regulatory boundaries. The suit, filed weeks before this product launch, shows the exchange's strategy of slowing crypto adoption while building competing products on its own rails. **The Crypto Competition** The 55 stocks selected for standard futures represent the most liquid US-listed companies, including Nvidia Corp., Apple Inc., Tesla Inc. and Amazon.com Inc. The micro contracts give smaller investors access to leveraged positioning without the 100-share commitment. FIA Chief Executive Officer Walt Lukken said the product launch and broader prediction-market disruption are "good for building out best regulatory practices for the industry," speaking on Bloomberg Businessweek Daily. CME's move comes as crypto platforms like Hyperliquid and Polymarket have begun offering perpetual futures and prediction-market derivatives with CFTC approval. The tension between incumbent exchanges and decentralized platforms was laid bare earlier this month when a tokenized SK Hynix Inc. perpetual on Hyperliquid flash-crashed 20% to $900 before recovering, highlighting the liquidity risks of 24/7 trading on tokenized assets when the underlying market is closed. **The 24/7 Trading Race** For CME, the single-stock futures represent a hedge against the inexorable shift toward round-the-clock trading. The exchange's Globex platform will operate from 5 p.m. Sunday to 4 p.m. Friday, with a one-hour maintenance window each day — a schedule that stops just short of crypto's true 24/7 model. The question now is whether institutional investors will embrace the product or continue migrating toward tokenized alternatives that never close. This article is for informational purposes only and does not constitute investment advice.
Jul 29 2026, 03:48
Ionic Digital surges 26% in Nasdaq debut at $2.8 billion market cap
Ionic Digital, the Bitcoin miner and AI infrastructure company that emerged from the Celsius Network bankruptcy estate, closed at $62.90 in its Nasdaq direct listing Tuesday, a 26 percent gain that valued the company at about $2.8 billion. The company's strong debut reflects investor demand for Bitcoin mining operators that have diversified into artificial intelligence computing, a strategy several publicly traded miners have adopted to reduce reliance on cryptocurrency price cycles. Ionic Digital operates mining facilities and has positioned itself as an AI infrastructure provider, repurposing data center capacity for high-performance computing workloads. Direct listings differ from traditional initial public offerings in that no new shares are issued and no underwriters set an offer price. The opening trade at $50 per share valued the company at roughly $2.2 billion before shares climbed through the session, according to Nasdaq data. The company traces its origins to the Celsius Network bankruptcy, one of the largest crypto industry failures of 2022. Ionic Digital was formed to take over Celsius's Bitcoin mining operations as part of the restructuring process, acquiring a portfolio of mining assets and power contracts across North America. Ionic Digital joins a cohort of crypto-native companies that have accessed public equity markets through direct listings or traditional IPOs, including Coinbase Global Inc. and Marathon Digital Holdings Inc. The sector has attracted renewed investor interest as Bitcoin's price has stabilized near $64,000 and demand for AI compute capacity has pushed data center operators to expand capacity. The company's $2.8 billion valuation out of bankruptcy proceedings highlights the market's willingness to differentiate among Bitcoin mining operators based on their infrastructure strategies and energy portfolios. Rivals such as Core Scientific and Hut 8 have similarly pivoted toward AI hosting, converting mining facilities into data centers for cloud and machine learning clients. *This article is for informational purposes only and does not constitute investment advice.*