Sentiment on the U.S. stock market is mixed. Investors are waiting for more information regarding trade negotiations and labor market reports later this week.
Indices are opening without a clear direction. In the early part of the day, we observed declines in futures contracts, but these were reduced as the cash session approached. Currently, indices are posting slight gains in the range of 0.00–0.20%. Market uncertainty persists, and demand has weakened as the 90-day pause in the tariff war initiated by the Trump administration nears its end.
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Create account Try a demo Download mobile app Download mobile appYesterday, the United States extended tariff exemptions for certain Chinese products until August 31. The U.S. administration also wants to receive final offers from trade partners by Wednesday, as the tariff suspension is set to expire in about a month. These factors seem to be holding capital back from buying activity. Additionally, investors are awaiting key labor market data releases tomorrow (ADP) and Friday (NFP).
US100
The technology stock index is just 3% away from its all-time high, despite ongoing trade tensions. Tech companies are less affected by restrictions, except for semiconductors. However, this sector has managed to offset the impact of the trade war with China through strong demand in other regions. Quotes have also been supported by record-breaking deals signed with Arab countries by Donald Trump.
Company News
Credo Technology (CRDO.US) jumped 24% after FQ4 revenue soared 179% Y/Y, beating estimates. Q1 FY2026 revenue guidance of $185M–$195M (midpoint $190M) topped the $162M consensus, with gross margins seen at 63.4%–65.4%.
Applied Digital (APLD.US) rose 2%, building on a 48% rally, after securing two 15-year, $7B lease deals with CoreWeave. The Ellendale data center will deliver up to 1 GW capacity, with phased rollouts starting in Q4 2025.
Bumble (BMBL.US) fell 6% after JPMorgan downgraded it to Underweight, citing limited upside and declining user/revenue trends. The $5 price target implies 12% downside, with Gen Z engagement flagged as a key issue.
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