US futures climbed Thursday despite a softer-than-expected June jobs report. Initial jobless claims came in at 215K, beating the 219K estimate. That gave markets enough comfort to stay bid heading into the long July 4th weekend.
GOOGL absorbed a bruising week in court — antitrust rulings kept coming — but the stock barely flinched. Bears have not piled in meaningfully. CRWV stayed in focus. Short interest has climbed to 28.4% of free float this week, yet the AI cloud name continues to attract bulls on the AI infrastructure theme.
BABA agreed to a $600M settlement with the US Department of Justice today. The deal covers alleged illegal drug sales on Alibaba's marketplaces. The news lands just one day after Alibaba's president filed disclosure of a $65.8M personal stock sale. US regulatory scrutiny on the Chinese tech giant is clearly intensifying.
OWL is under pressure. Blue Owl Capital faced $4.7bn in redemption requests, according to the Financial Times. The scale of the investor exodus is notable for a firm that markets itself on locked-up, illiquid structures.
KNDS, the Franco-German tank maker, postponed its IPO after investors rejected a €12bn-plus valuation. Bike-sharing firm Lime did complete its IPO, pricing at $25 per share and raising $167M in a Goldman and JPMorgan-led deal. Millennium and Point72 posted double-digit first-half returns as hedge funds rebounded following the Iran conflict de-escalation.
PEP reports Q2 results on Tuesday, July 8. It is the main earnings event in a quiet holiday week.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
