🧠 Dow, S&P 500, Nasdaq soar as Powell's Jackson Hole finale fuels September rate cut

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🏛️ Financial News

• Federal Reserve 💵 Reuters: Powell says Fed may need to cut rates, will proceed carefully 

• Administration 🏛️ CNBC: US government takes 10% stake in Intel, as Trump expands control over private sector 

• US Tariffs 🗽 Semafor: US agrees to cap tariffs on Europe at 15% in trade deal framework 

• Canada Tariffs 🍁 Reuters: Canada drops many of its retaliatory US tariffs

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📊 Global Markets

• S&P 500 $VOO ( ▲ 1.53% )🌍 Yahoo! Finance: Dow jumps 800 points to record, S&P 500, Nasdaq soar as Powell's Jackson Hole finale fuels bets on September rate cut 

• Russel 2000 $IWM ( ▲ 3.92% ) 🏪 Reuters: US small caps, housing stocks rally as Powell opens door to rate cuts 

• Canada Markets $TSX.TSX ( 0.0% ) 🍁 CNBC: Canada's TSX index hit an ATH after gaining 13% YTD; predicted to rise 2.3% by year-end on trade hopes 

• Europe Markets $STOXX ( 0.0% ) 🏰 euronews: European markets turn cautiously optimistic ahead of Powell speech 

• Gold Market $GLD ( ▲ 1.07% ) 🧈 ETF.com: Global Gold ETF inflows hit $44B, nearing 2020 record

• 🌍 Increase global exposure with Index GPT Generate index portfolio ideas to gain exposure to the largest indices in and outside the US, such the Eurozone, Germany, UK, France, China (Shanghai), India more.

🏦 Financials, Crypto & Real Estate

• Real-Estate 🏡 CNBC: July home sales rise as prices approach inflection point 

• Crypto : $BTC.X ( ▼ 2.91% )₿ CNBC: Bitcoin ETFs post more than $1 billion in outflows 

• Crypto : $ETH.X ( ▼ 3.73% ) 💎 CNBC: Ethereum hits $4,885 for new all-time high price

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🛍 Staples & Discretionary

• Retail Sentiment 🛍️ Reuters: Fewer fake firs, higher prices: China tariff delay does little to save the holidays 

• Retail : Big Box $WMT ( ▼ 1.15% ) 🛒 Reuters: Walmart results show consumer resilience; shares down after recent rally

• Retailer : Big Box $TGT ( ▲ 2.25% ) 🎯 CNBC: Target beats low Q2 estimates on strong digital sales and cost discipline; names former intern new CEO 

• Retail : Big Box $HD ( ▲ 3.79% )  🟧 Zacks via Yahoo! Finance: Home Depot Q2 earnings miss estimates, as comparable same-store sales rise Y/Y 

• Retail : Big Box $LOW ( ▲ 3.16% ) 🔨 CNBC: Lowe’s beats on quarterly earnings, buys home pros business for $8.8B 

• Media : Studios $PSKY ( ▼ 0.19% ) 🎪 Reuters: Paramount job cuts coming In November, with cost savings to exceed $2B 

🌐 Technology 

• Communications $META ( ▲ 2.12% ) 👥 CNBC: Meta set to unveil first consumer-ready smart glasses with a display, wristband next month 

  • CNBC: Meta freezes AI hiring after blockbuster spending spree 

  • TechCrunch: Meta partners with Midjourney on AI image and video models 

• Technology $AAPL ( ▲ 1.27% ) 🍎 CNBC: Apple in talks to use Google's Gemini AI to power revamped Siri, Bloomberg News reports 

• Semi-conductors $NVDA ( ▲ 1.72% ) 🧇 CNBC: Nvidia in talks with US to sell a more advanced chip to China, Jensen Huang says 

• Semi-conductors $INTC ( ▲ 5.53% ) 🧇 CNBC: Intel stock rises as Trump says chipmaker has agreed to sell stake to government in exchange for CHIPS Act subsidies 

  • CNBC: Intel is getting a $2B investment from SoftBank 

  • CNBC: Micron, TSMC rise amid report that the Trump administration will not pursue equity stakes

• Hardware : Networking $PANW ( ▲ 1.4% )🎛️ CNBC: Palo Alto Networks jumps 6% on earnings beat; founder Nir Zuk retires as CTO 

• Software : Communications $ZM ( ▲ 12.71% )💻 CNBC: Zoom jumps after beating expectations, raises full-year guidance on continued expansion of its enterprise business, and surging AI adoption

• Software : ERP 💼 CNBC: Workday beat Q2 earnings and revenue estimates but warned of pressure in education and government amid DOGE cuts

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🦾 Artificial Intelligence

• Investor Sentiment 📈 CNBC: Morgan Stanley sees the AI productivity boom adding $16T to the stock market's value

  • SiliconANGLE: Investors worry about an AI bubble, but the money keeps flowing  

• AI Adoption : Enterprise 🦾 Fortune: MIT report: 95% of generative AI pilots at companies are failing

• Worker Sentiment 💼CNBC: Americans fear AI permanently displacing workers, Reuters/Ipsos poll finds 

  • TechCrunch: Coinbase CEO explains why he fired engineers who didn’t try AI immediately

• 📧 Subscribe to Unprompted Invest beyond Nvidia in the $15T global AI market, from infrastructure, ingest & training, and inference (Coming soon)

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We’ll be back next Saturday morning to recap the week’s financial news.

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✨ Happy Unprompting,

Rawee
[email protected]

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