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What Moved Markets This Week

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Wall Street closed out the trading week mixed, with the S&P 500 (SP500) climbing to another all-time high amid key inflation readings and a steady stream of corporate earnings.

The latest U.S. CPI print rose 3.4% year-over-year in July, easing from June’s 3.5% pace and matching forecasts, as a 0.1% monthly gain was driven mainly by shelter while energy costs fell and core inflation slowed to 2.5%.

At the same time, U.S. PPI data held flat in July against expectations for a modest rise, with the year-over-year rate cooling to 4.7% as a decline in goods prices offset gains in services and construction.

Investors also stayed closely tuned to the markets this week as a series of key earnings reports arrived, with particular attention on results from Barrick Mining (B), Sea Limited (SE), CoreWeave (CRWV), and Applied Materials (AMAT).

For the week, the S&P (SP500) added +0.36%, while the tech-heavy Nasdaq Composite (COMP:IND) ticked up +0.14%, and the blue-chip Dow (DJI) fell -0.56%. Read a preview of next week’s major events in Seeking Alpha’s Catalyst Watch.

President Donald Trump announced a slew of investments this week to secure domestic critical minerals supply chains, with the aim of reducing reliance on China. These include over $85M to secure the bauxite supply chain, $1.4B to ramp up battery tech manufacturing and $8M to develop a boron deposit. But there’s one sector that stands to benefit – one that Trump isn’t a fan of. Read more.

Seeking Alpha’s Calls Of The Week

Uber: (UBER) Growth Engines Make The AV Risk Worth Taking.

L3Harris (LHX) Is A Strong Buy As The Missile Boom Builds.

3 Reasons To Buy Into Southern Company (SO) Right Now.

Marvell Technology (MRVL) Has Just Shared Great News.

DRAM: Eyeing Bullish Reversal In AI Memory/Storage Space.

Netflix (NFLX): I Underestimated The Cannibalization Risk.

Don’t Fool Yourself, Starwood (STWD) Will Cut Its Dividend.

Despite Lucid’s (LCID) Cost Cuts, Burn Rate Is Just Too High.

Axsome (AXSM) Q2: I Just Can’t See The Value Proposition.

Dream Finders (DFH), Beazer Homes (BZH) Tie The Knot.

Weekly Movement

U.S. Indices
Dow -0.6% to 53,732. S&P 500 +0.4% to 7,786. Nasdaq +0.1% to 26,729. Russell 2000 +1.1% to 3,068. CBOE Volatility Index -4.4% to 14.25.

S&P 500 Sectors
Consumer Staples +1%. Utilities +1.5%. Financials +0.9%. Telecom -1%. Healthcare +1%. Industrials +0.7%. Information Technology +0.2%. Materials -0.9%. Energy +7.3%. Consumer Discretionary -2%. Real Estate +0.5%.

World Indices
London -1.4% to 10,750. France -0.9% to 8,637. Germany +0.5% to 26,440. Japan +4.7% to 68,714. China -0.3% to 3,927. Hong Kong -2.2% to 25,117. India -0.6% to 78,009.

Commodities and Bonds
Crude Oil WTI +5.4% to $82.4/bbl. Gold +0.7% to $4,432./oz. Natural Gas +2% to 2.715. Ten-Year Bond Yield -0.2 bps to 4.696.

Forex and Cryptos
EUR/USD +0.1%. USD/JPY +0.96%. GBP/USD +0.3%. Bitcoin -2.8%. Litecoin -4.2%. Ethereum -1.7%. XRP -3.3%.

Top S&P 500 Gainers
Sandisk (SNDK) +35%. Super Micro Computer (SMCI) +28%. Seagate Technology Holdings plc (STX) +20%. Marathon Petroleum (MPC) +19%. Western Digital (WDC) +17%.

Top S&P 500 Losers
Tapestry (TPR) -21%. Coherent (COHR) -14%. First Solar (FSLR) -10%. Ulta Beauty (ULTA) -10%. AppLovin (APP) -9%.

Where will the markets be headed next week? Current trends and ideas? Add your thoughts to the comments section.

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