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Update: Equities Fall, Oil Advances as Hope Dims for Hormuz Reopening
US Markets

Update: Equities Fall, Oil Advances as Hope Dims for Hormuz Reopening

(Updates with latest market prices and developments.)US benchmark equity indexes fell intraday and oil prices extended their rally amid growing uncertainty around the reopening of the Strait of Hormuz.The Nasdaq Composite was down 0.6% at 26,436.2 after midday Tuesday, while the S&P 500 lost 0.3% to 7,727.5. The Dow Jones Industrial Average slipped 0.2% to 53,871.7. Among sectors, communication services saw the steepest decline, while energy paced the gainers.Secretary of Iran's Supreme National Security Council Mohsen Rezaei said Tuesday that the Strait of Hormuz will remain closed as long as the US does not accept Tehran's conditions, Reuters reported.Previously, Pakistan's Defense Minister Khawaja Asif told Bloomberg that the US and Iran were close to "some sort of an arrangement."Iran has reportedly laid out new terms for reopening the Strait of Hormuz, including a permanent end to the war against Tehran and its allies, as well as demanding full compensation for war damages. In response, US President Donald Trump on Monday demanded compensation for those he claimed were killed and wounded by Iran's attacks.Trump recently indicated to the media that he's prepared to exert greater economic pressure on Iran instead of launching another military attack."Uncertainty over a US-Iran deal to end the war and reopen the Strait of Hormuz has grown after Trump demanded compensation for victims of Iranian-backed conflicts, responding to Tehran's reparations demands," Saxo Bank said Tuesday in a report. "The tougher stance lowers chances of a near-term agreement and keeps markets wary, as Iran ties any Hormuz deal with Oman to a broader accord with the US and Trump opts for economic pressure over new strikes."West Texas Intermediate crude oil was up 1.2% at $83.14 a barrel intraday, while Brent advanced 1.1% to $88.68. The US crude oil benchmark was on track for its fourth consecutive day of gains, while Brent is poised to stretch its rally to a fifth session.US Treasury yields were lower intraday, with the two-year rate down 1.5 basis points at 4.22% and the 10-year rate shedding 1.6 basis points to 4.68%.In company news, Nvidia (NVDA) said it partnered with six major financial institutions to raise more than $500 billion in third-party capital for artificial intelligence infrastructure.The tech bellwether signed memorandums of understanding with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to establish independent compute financing platforms, it said late Monday.KKR shares jumped 6.7%, the best performer on the S&P 500. Apollo advanced 6.4%, the second-biggest gain on the index. Blackstone rose 4.3%, while BlackRock, Brookfield and Goldman were also higher. Nvidia was up 0.1%.AppLovin (APP) slumped 5.3%, the worst performer on the S&P 500, following a rating downgrade from BofA Securities.Sea (SE) reported stronger-than-expected second-quarter revenue as the Singapore-based company logged sharp annual gains in its e-commerce platform and the digital financial services business. Its shares jumped 14% intraday.Lumentum (LITE), CoreWeave (CRWV) and Super Micro Computer (SMCI) are scheduled to release their earnings reports after the markets close on Tuesday.In economic news, existing home sales in the US declined more than expected last month as rising prices and mortgage rates continued to weigh on homebuying activity, data from the National Association of Realtors showed.Spot gold edged down 0.4% to $4,372.79 per troy ounce, while silver dropped 0.5% to $64.97.

Dow JonesNasdaq CompositeS&P 500$APO$APP$BLK$BN$BX$CRWV$GS$KKR$LITE$NVDA$SE$SMCI
Sectors

Sector Update: Financial

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each increasing 0.2%.The Philadelphia Housing Index was climbing 1.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.3%.Bitcoin (BTC-USD) was declining 0.7% to $63,468, and the yield for 10-year US Treasuries was decreasing 1.5 basis points to 4.684%.In corporate news, Apollo Global Management's (APO) Apollo Sports Capital has reached a $2.6 billion financing deal with Yankee Global Enterprises, the holding company of the New York Yankees, Apollo said Tuesday. As part of the deal, Apollo Sports Capital CEO Al Tylis will join YGE's board, the company said. Apollo shares climbed past 6%.

$APO
Wire

Top Midday Stories: Nvidia Developing Ambitious Open-Source AI Model; Intel Upsizes Share Offering to $20 Billion

Stocks were down in late-morning trading Tuesday, as investors continued to look for signs of progress in talks to reopen the Strait of Hormuz.In company news, Nvidia (NVDA) is developing a new in-house AI model called Nemotron 4 that it hopes will perform on par with the best open-source AI models in the world, The Information reported Tuesday, citing several people who work on Nemotron. The company hopes its open-source efforts will drive demand for its hardware, the report said. Nvidia shares were up 0.7% around midday.Intel (INTC) said Tuesday it has priced an upsized public offering of about 210.5 million common shares at $95 each. The offering was upsized to $20 billion from $15 billion. The offering ended multiple-times oversubscribed, and roughly 33%of investors who placed orders didn't receive shares, Bloomberg reported Tuesday, citing people familiar with the matter. Intel shares were up 0.3%.On Holding (ONON) reported adjusted Q2 earnings Tuesday of 0.35 Swiss francs ($0.43) per diluted share, swinging from a loss of 0.09 francs a year earlier and above the FactSet consensus analyst estimate of 0.34 francs. Net Q2 sales were 850.3 million francs, up from 749.2 million francs a year ago but below the FactSet consensus of 878.4 million francs. For full-year 2026, the company expects net sales growth in the low-20% range, implying reported sales of 3.47 billion to 3.56 billion francs, compared with its prior outlook of at least 3.51 billion francs and the FactSet consensus of 3.56 billion francs. On Holding shares were down 19%.Apollo Global Management's (APO) Apollo Sports Capital has reached a $2.6 billion financing agreement with Yankee Global Enterprises, the holding company of the New York Yankees, Apollo said Tuesday. The deal, which is expected to close "imminently," consists of both credit and equity, Apollo said. As part of the deal, Apollo Sports Capital CEO Al Tylis will join YGE's board, the company said. Apollo shares were up 4.6%.SpaceX (SPCX) has agreed to launch Vingroup unit VinSpace's first satellites next year, the Vietnamese company said Tuesday. Under the agreement, VinSpace satellites will launch aboard a Transporter rideshare mission in 2027, the company said. SpaceX shares were down 3.2%.Amazon-backed (AMZN) Anthropic has agreed to a long-term deal with Riot Platforms (RIOT) for data center capacity in Texas, securing 191 megawatts of power through 2048, Bloomberg reported Tuesday, citing people familiar with the matter. Separately, Anthropic is meeting with potential investors ahead of an initial public offering that could take place in September or early October, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The company is attempting to address concerns over Chinese AI competition, Trump administration tensions and backlash over data-center expansion, the report said, citing the people. Amazon shares were down 2%, while Riot shares were up 4.8%.Price: $97.92, Change: $+0.40, Percent Change: +0.41%

$AMZN$APO$INTC$NVDA$ONON$RIOT$SPCX
Nvidia Partners With Major Financial Firms to Raise Over $500 Billion for AI Infrastructure
US Markets

Nvidia Partners With Major Financial Firms to Raise Over $500 Billion for AI Infrastructure

Nvidia (NVDA) shares rose early Tuesday after the chipmaker said it partnered with six major financial institutions to raise more than $500 billion in third-party capital for the development of artificial intelligence infrastructure.The tech bellwether signed memorandums of understanding with Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to establish independent compute financing platforms, it said late Monday.Nvidia's stock increased 1.2% in the most recent premarket activity.Nvidia said it intends to work with the six companies to create dedicated pools of capital at "significant scale" to finance the buildout of AI infrastructure across its frontier AI labs, enterprises and AI clouds. The financing platforms will help turn compute and full-stack AI infrastructure into an investable asset class and support long-duration, usage-linked revenue, the chipmaker added.The financial terms of the partnerships, which are subject to final agreements, weren't disclosed."We are bringing the world's leading long-term capital providers together to independently underwrite AI infrastructure," Nvidia Chief Executive Jensen Huang said in a statement. "These financing platforms will help customers access scarce compute at scale and build the DSX AI factories that will power every industry and country in the age of AI."Nvidia said demand for AI infrastructure is accelerating as governments and businesses ramp up investment in AI."Modern compute has emerged as a scarce, mission-critical asset class with compelling investment characteristics that is positioned to drive significant long-term economic growth and productivity gains," Apollo President Jim Zelter said.Last month, Nvidia agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative.Technology giants are raising capital to support AI buildouts. Intel (INTC) on Monday said it plans to raise $15 billion from a common stock offering to support capital expenditures as demand for artificial intelligence computing remains strong. The chipmaker on Tuesday upsized the offering to $20 billion.In an emailed client note on Monday, BofA Securities said it expects Nvidia to deliver a fiscal second-quarter revenue beat and issue upbeat guidance amid Vera Rubin shipments and "solid" cloud capital expenditure trends. The company is scheduled to release its latest financial results later this month.

$APO$BLK$BN$BX$GS$KKR$NVDA
Wire

Market Chatter: Nvidia Partners With Wall Street Giants on $500 Billion AI Infrastructure Funding Package

Nvidia (NVDA) is working with some of the world's largest financial firms to build a $500 billion funding package for AI infrastructure development, the Financial Times reported Monday, citing five people briefed on the talks.Apollo Global Management (APO), Blackstone (BX), BlackRock's (BLK) Global Infrastructure Partners, Brookfield Asset Management (BAM), Goldman Sachs (GS) and KKR (KKR) are among the companies that have joined the consortium in partnership with Nvidia, the report said, citing the people.The deal could be announced as soon as Monday, the people reportedly told the FT.The companies didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $217.82, Change: $-6.15, Percent Change: -2.74%

$APO$BAM$BLK$BX$GS$KKR$NVDA
Wire

Nvidia Partners With Wall Street Giants to Build $500 Billion AI Infrastructure Funding Package, FT Reports

Nvidia Partners With Wall Street Giants to Build $500 Billion AI Infrastructure Funding Package, FT Reports

$APO$BAM$BLK$GS$KKR$NVDA
Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were softer in late Friday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index was rising 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.4%.Bitcoin (BTC-USD) added 1% to $64,899, and the yield for 10-year US Treasuries fell 1 basis point to 4.66%.In economic news, US employment unexpectedly fell in July amid a marked decline in government payrolls, prompting interest rate traders to scale back their bets on potential monetary policy tightening in September. Nonfarm payrolls fell by 23,000 last month, marking the first decline since February, following a downwardly revised gain of 20,000 in June, the Bureau of Labor Statistics said Friday. The consensus was for an 80,000 increase in July, according to a Bloomberg-compiled survey.The probability of the Federal Reserve keeping its target rate unchanged at 3.5%-3.75% in September surged to 56% on Friday from 45% a day ago and 33% a week ago, according to the CME FedWatch tool.In sector news, Jane Street is negotiating with investors including Pacific Investment Management Co. to refinance its roughly $11 billion debt load into a private-credit vehicle that could total as much as $15 billion, Bloomberg reported.In corporate news, TPG (TPG) and Redfearn Capital have partnered to buy 53 industrial buildings valued at $628 million from DRA Advisors, Bloomberg reported. TPG shares were up 0.8%.KKR-backed (KKR) Executive Centre is seeking a $500 million unitranche loan to refinance debt and fund capital spending, Bloomberg reported. KKR shares were down 0.6%.Apollo Global Management (APO) and KKR received approval from European regulators to take joint control of Atlantic Aviation, the European Commission said. Apollo shares decreased 0.6%.Voya Financial (VOYA) said Friday it is seeking regulatory intervention against Toms Capital Investment Management as it advised shareholders that there is no upcoming stockholders meeting and there are no matters for shareholders to vote on. The company said Toms Capital's recent actions are "manipulative and deceptive." Voya shares were down 0.1%.

$APO$KKR$TPG$VOYA
Sectors

Sector Update: Financial Stocks Softer in Afternoon Trading

Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.4%.The Philadelphia Housing Index was rising 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.6%.Bitcoin (BTC-USD) was up 0.6% at $64,654, and the yield for 10-year US Treasuries was shedding 1.4 basis points to 4.656%.In economic news, US employment unexpectedly fell in July amid a marked decline in government payrolls, prompting interest rate traders to scale back their bets on potential monetary policy tightening in September. Nonfarm payrolls fell by 23,000 last month, marking the first decline since February, following a downwardly revised gain of 20,000 in June, the Bureau of Labor Statistics said Friday. The consensus was for an 80,000 increase in July, according to a Bloomberg-compiled survey.The probability of the Federal Reserve keeping its target rate unchanged at 3.5%-3.75% in September surged to 56% on Friday from 45% a day ago and 33% a week ago, according to the CME FedWatch tool.In sector news, Jane Street is negotiating with investors including Pacific Investment Management Co. to refinance its roughly $11 billion debt load into a private-credit vehicle that could total as much as $15 billion, Bloomberg reported.In corporate news, TPG (TPG) and Redfearn Capital have partnered to buy 53 industrial buildings valued at $628 million from DRA Advisors, Bloomberg reported. TPG shares were up 1.8%.KKR-backed (KKR) Executive Centre is seeking a $500 million unitranche loan to refinance debt and fund capital spending, Bloomberg reported. KKR shares were down 0.3%.Apollo Global Management (APO) and KKR received approval from European regulators to take joint control of Atlantic Aviation, the European Commission said. Apollo shares rose 0.4%.

$APO$KKR$TPG
Sectors

Sector Update: Financial Stocks Lean Lower Pre-Bell Friday

Financial stocks were leaning lower pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally declining.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.1%.Essent Group (ESNT) shares were up more than 4% after the company reported higher Q2 earnings and revenue.Apollo Global Management (APO) and KKR (KKR) received approval from European regulators to take joint control of Atlantic Aviation Holding, the European Commission said. Apollo Global Management and KKR shares were 0.3% higher premarket.Goldman Sachs BDC (GSBD) reported a flat Q2 net investment income, while total investment income declined during the period. Goldman Sachs BDC stock was up 0.1% pre-bell.

$APO$ESNT$FAS$FAZ$GSBD$KKR$XLF
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.4%.The Philadelphia Housing Index was falling 2.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) was down 0.4% to $64,368, and the yield for 10-year US Treasuries rose 5.5 basis points to 4.672%.In economic news, small businesses reported that the level of worker shortages was higher in July, with a seasonally adjusted 36% of respondents in a National Federation of Independent Business survey released Thursday saying they were having trouble hiring the workers that they needed, up from 32% in the previous month and the highest since June 2025. The NFIB's Small Business Employment Index rose to 102.1 in July from 100.2 in June, still above the historical average of 100.0 and the 2025 average of 101.2.In corporate news, Apollo Global Management's (APO) Eagle Bidco and EasyJet have reached an agreement under which the Apollo fund will buy the airline for 7.15 British pounds ($9.63) per share in cash, according to a regulatory filing with the London Stock Exchange. Apollo shares were shedding 1.7%.Blackstone (BX) and Apollo Global Management were among a group of prominent financial institutions and private equity firms targeted by ransom-seeking hackers over the past month, Reuters reported, citing Alphabet's (GOOGL) Google and internet intelligence data it reviewed. Blackstone shares were falling 2.1%.Chime Financial (CHYM) shares surged 22% after the company swung to a Q2 profit, exceeded revenue expectations, and raised 2026 guidance.JPMorgan Chase (JPM) underwent a federal probe this year as prosecutors looked into claims the lender ignored deficiencies in its anti-fraud program and improperly denied more than $100 million in reimbursements for stolen money, The Wall Street Journal reported. JPMorgan shares declined 0.8%.

$APO$BX$CHYM$JPM
Sectors

Sector Update: Financial

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.4%.The Philadelphia Housing Index was falling 2.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) was down 0.4% to $64,368, and the yield for 10-year US Treasuries rose 5.5 basis points to 4.672%.In corporate news, Blackstone (BX) and Apollo Global Management (APO) were among a group of prominent financial institutions and private equity firms targeted by ransom-seeking hackers over the past month, Reuters reported, citing Alphabet's (GOOGL) Google and internet intelligence data it reviewed. Blackstone shares were down 2.1%, and Apollo was shedding 1.6%.

$APO$BX
Sectors

Sector Update: Financial Stocks Softer in Afternoon Trading

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.4%.The Philadelphia Housing Index was falling 2.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.Bitcoin (BTC-USD) was down 0.2% to $64,580, and the yield for 10-year US Treasuries was rising 5.7 basis points to 4.67%.In economic news, small businesses reported that the level of worker shortages was higher in July, with a seasonally adjusted 36% of respondents in a National Federation of Independent Business survey released Thursday saying they were having trouble hiring the workers that they needed, up from 32% in the previous month and the highest since June 2025. The NFIB's Small Business Employment Index rose to 102.1 in July from 100.2 in June, still above the historical average of 100.0 and the 2025 average of 101.2.In corporate news, Apollo Global Management's (APO) Eagle Bidco and EasyJet have reached an agreement under which the Apollo fund will buy the airline for 7.15 British pounds ($9.63) per share in cash, according to a regulatory filing with the London Stock Exchange. Apollo shares were shedding 1.7%.Deutsche Bank (DB) and KBC have frozen some of Radiant World's bank accounts in Singapore, as pressure mounts on the commodities trader, Bloomberg reported. Some of the largest commodity trading firms have stopped dealing with Radiant World due to concerns it gave banks falsified documents about iron ore trades, Bloomberg reported last week. Deutsche shares were down 0.8%.JPMorgan Chase (JPM) underwent a federal probe this year as prosecutors looked into claims the lender ignored deficiencies in its anti-fraud program and improperly denied more than $100 million in reimbursements for stolen money, The Wall Street Journal reported. JPMorgan shares declined 0.9%.

$APO$DB$JPM
Sectors

Sector Update: Financial

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.6%.The Philadelphia Housing Index was falling 2.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.Bitcoin (BTC-USD) was increasing 0.1% to $64,654, and the yield for 10-year US Treasuries was rising 4.8 basis points to 4.665%.In corporate news, Apollo Global Management's (APO) Eagle Bidco and EasyJet have reached an agreement through which the Apollo fund will buy the airline for 7.15 British pounds ($9.63) per share in cash, according to a regulatory filing with the London Stock Exchange. Apollo shares were down 1.4%.

$APO
Wire

Market Chatter: Blackstone, Apollo Among Firms Targeted by Hackers

Blackstone (BX) and Apollo Global Management (APO) were among a group of prominent financial institutions and private equity firms targeted by ransom-seeking hackers over the past month, Reuters reported Thursday, citing Alphabet's (GOOG, GOOGL) Google and internet intelligence data it reviewed.The hackers, who created websites in order to steal passwords from workers, also targeted Bridgewater Associates, Bain Capital, KKR (KKR), TPG (TPG), CME Group (CME) and Moody's (MCO), the report said, citing the data.The companies did not immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $133.13, Change: $-2.90, Percent Change: -2.13%

$APO$BX$CME$KKR$MCO$TPG
Wire

Blackstone, Apollo Among Firms Targeted by Hackers, Reuters Reports

Blackstone, Apollo Among Firms Targeted by Hackers, Reuters Reports

$APO$BX$CME$KKR$MCO$TPG
Wire

Top Midday Stories: Apollo Acquires EasyJet in Deal Valued at $7.68 Billion; Honeywell Aerospace Shares Fall Following Guidance Cut

The Dow Jones Industrial Average was down in late-morning trading Thursday, while the the S&P 500 and Nasdaq Composite were up slightly, as investors watch for developments in the process to reopen the Strait of Hormuz.In company news, Apollo Global Management's (APO) Eagle Bidco and EasyJet have reached an agreement through which the Apollo fund will acquire the airline for 7.15 British pounds ($9.63) per share in cash, according to a regulatory filing with the London Stock Exchange. The deal values EasyJet at 5.7 billion British pounds, according to the filing. Apollo shares were down 1.2% around midday.Honeywell Aerospace (HONA) reported fiscal Q2 adjusted EPS late Wednesday of $1.87, down from $2.75 a year earlier. Fiscal Q2 revenue was $4.52 billion, up from $4.29 billion a year ago but below the FactSet consensus of $4.61 billion. For fiscal 2026, the company expects organic growth of 4% to 5%, down from its prior outlook of 7% to 9%. Analysts polled by FactSet expect full-year revenue of $18.91 billion. Honeywell Aerospace shares were down 20.3%.Sandisk (SNDK) reported fiscal Q4 adjusted earnings late Wednesday of $39.25 per diluted share, up from $0.29 a year earlier and above the FactSet consensus of $34.96. Fiscal Q4 revenue was $8.97 billion, up from $1.90 billion a year ago and above the FactSet consensus of $8.48 billion. For fiscal Q1, the company expects adjusted EPS of $44 to $46 on revenue of $10.30 billion to $10.80 billion. Analysts polled by FactSet expect $44.72 and $10.82 billion, respectively. Sandisk also said its board approved a share buyback expansion by an additional $14 billion, bringing the total remaining authorization to $15.5 billion. Sandisk shares were down 3.2%.Alphabet (GOOG, GOOGL) has started marketing a US investment-grade bond sale in as many as 10 parts, with maturities ranging from two to 40 years, Bloomberg reported Thursday, citing a person familiar with the matter. The tech giant is seeking up to $25 billion from the sale, according to a separate Bloomberg report, which cited people familiar with the matter. Alphabet Class C and Class A shares were down 0.7% and 0.8%, respectively.SpaceX (SPCX) will build a vertically integrated semiconductor fabrication facility in Grimes County, Texas, Governor Greg Abbott said Thursday in a statement. Phase one of the Terafab project includes a capital investment of more than $16.8 billion, Abbott said. SpaceX shares were up 2.5%.Western Digital (WDC) reported fiscal Q4 non-GAAP EPS late Wednesday of $3.56, up from $1.70 a year earlier and above the FactSet consensus of $3.31. Fiscal Q4 revenue was $3.75 billion, up from $2.1 billion a year ago and above the FactSet consensus of $3.70 billion. For fiscal Q1, the company expects non-GAAP EPS of $4.00, plus or minus $0.15, and revenue of $4.1 billion, plus or minus $100 million. Analysts polled by FactSet expect $3.84 and $4.06 billion, respectively. Western Digital shares were down 8.6%.AppLovin (APP) reported Q2 EPS late Wednesday of $3.76, up from $2.39 a year earlier and matching the FactSet consensus. Second-quarter revenue was $1.92 billion, up from $1.26 billion a year ago but below the FactSet consensus of $1.94 billion. For Q3, the company expects revenue of $2.06 billion to $2.09 billion, compared to the FactSet consensus of $2.08 billion. Applovin shares were down 20.1%.Datadog (DDOG) reported Q2 non-GAAP net income of $0.65 per diluted share, up from $0.46 a year earlier and above the FactSet consensus of $0.58. Second-quarter revenue was $1.12 billion, up from $826.8 million a year ago and above the FactSet consensus of $1.08 billion. For Q3, the company expects non-GAAP net income per share of $0.63 to $0.65 on revenue of $1.135 billion to $1.145 billion. Analysts polled by FactSet expect non-GAAP EPS of $0.61 on revenue of $1.11 billion. For full-year 2026, the company expects non-GAAP EPS of $2.50 to $2.54, up from its previous guidance of $2.3 to $2.44, and it raised its revenue guidance to $4.45 billion to $4.47 billion from $4.30 billion to $4.34 billion. Analysts polled by FactSet expect $2.42 and $4.35, respectively. Datadog shares were down 15.8%.Palo Alto Networks' (PANW) products sold in China are undergoing a cybersecurity review by the Cyberspace Administration of China, Bloomberg reported Thursday. Palo Alto shares were down 1.7%.Microsoft-backed (MSFT) OpenAI asked a federal judge to dismiss Apple's (AAPL) trade-secrets lawsuit as meritless, Bloomberg reported Thursday, citing a court filing. Microsoft shares were up 1.7%, while Apple shares were down 0.3%.Deutsche Bank (DB) and KBC Group have frozen some of Radiant World's bank accounts in Singapore, as pressure mounts on the commodities trader, Bloomberg reported Thursday, citing people familiar with the matter. DB shares were down 0.7%.Price: $128.12, Change: $-1.63, Percent Change: -1.25%

$AAPL$APO$APP$DB$DDOG$GOOG$GOOGL$HONA$MSFT$PANW$SNDK$SPCX$WDC
Wire

TD Cowen Adjusts Price Target on Apollo Global Management to $159 From $151

Apollo Global Management (APO) has an average rating of overweight and mean price target of $153.37, according to analysts polled by FactSet.Price: $128.52, Change: $-1.22, Percent Change: -0.94%

$APO
Wire

Rothschild & Co Redburn Adjusts Price Target on Apollo Global Management to $173 From $171

Apollo Global Management (APO) has an average rating of overweight and mean price target of $153.37, according to analysts polled by FactSet.Price: $128.52, Change: $-1.22, Percent Change: -0.94%

$APO
Sectors

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1%.The Philadelphia Housing Index was climbing 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was 0.1% lower.Bitcoin (BTC-USD) was increasing 1.2% to $64,233, and the yield for 10-year US Treasuries fell 5.9 basis points to 4.627%.In sector news, Polymarket is seeking new investment at a valuation of more than $20 billion, Bloomberg reported. The prediction-markets platform is in early discussions with prospective investors to raise about $1 billion, the report said.In corporate news, JPMorgan Chase's (JPM) asset management unit is nearing a deal to buy Idex from Antin Infrastructure Partners in a deal that would value the French heating and cooling network operator at about 3.8 billion euros ($4.4 billion), including debt, Bloomberg reported. JPMorgan shares rose 1.5%.Blackstone (BX) has held early talks with investors to assess their interest in a second massive debt package to finance Anthropic's use of chips from Alphabet's (GOOGL) Google, Bloomberg reported. Blackstone shares added 1.8%.Jefferies Financial (JEF) was told that some of the invoices backing its financing to Sapphire Minmetals are not genuine, Bloomberg reported. The discovery came after Jefferies checked the authenticity of the invoices with Vitol Group and marks another setback for its Point Bonita fund, the report said. Jefferies shares were up 1.1%.Apollo Global Management (APO) shares were up 2.4% following its Q2 results.

$APO$BX$JEF$JPM
Sectors

Sector Update: Financial Stocks Advance Tuesday Afternoon

Financial stocks were higher in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1%.The Philadelphia Housing Index was climbing up 1.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.2%.Bitcoin (BTC-USD) was increasing 1% to $64,073, and the yield for 10-year US Treasuries was dropping 5.7 basis points to 4.629%.In sector news, Polymarket is seeking new investment at a valuation of more than $20 billion, Bloomberg reported. The prediction-markets platform is in early discussions with prospective investors to raise about $1 billion, the report said.In corporate news, JPMorgan Chase's (JPM) asset management unit is nearing a deal to buy Idex from Antin Infrastructure Partners in a deal that would value the French heating and cooling network operator at about 3.8 billion euros ($4.4 billion), including debt, Bloomberg reported. JPMorgan shares rose 2.1%.Blackstone (BX) has held early talks with investors to assess their interest in a second massive debt package to finance Anthropic's use of chips from Alphabet's (GOOGL) Google, Bloomberg reported. Blackstone shares added 1.8%.Apollo Global Management (APO) shares were up 2.1% following its Q2 results.

$APO$BX$JPM

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