📈 Stocks / Finance

Dow drops as CPI accelerates, Nvidia lifts Nasdaq to record

Yahoo Finance

Stocks closed mixed as June CPI rose 0.3% MoM and 2.7% YoY, fueling rate concerns. The Dow fell 0.7%, while the Nasdaq hit a record high on Nvidia gains after U.S. approval to resume China sales. Treasury yields surged as Fed cut bets faded. JPM and WFC slipped post-earnings.

Industrial stocks lead S&P 500 as AI and aerospace fuel rally

Yahoo Finance

The Industrials sector (XLI) is up 16% YTD, outperforming Tech. Boeing is up 28% on strong orders and turnaround momentum. GE Aerospace and GE Vernova surged over 60% and 90%, respectively, driven by global deals and AI power demand from data center expansion.

Lucid stock sinks 8% on reverse split announcement

The Motley Fool

Lucid Group shares fell 8% after filing for a 1-for-10 reverse stock split to boost its price and attract institutional investors. Despite a recent SUV launch, weak sales and ongoing losses continue to weigh on the EV maker’s long-term viability.

🪙 Crypto

Crypto traders eye FOMC dovish pivot amid Bitcoin consolidation

Yahoo Finance

Bitcoin remains rangebound ahead of the FOMC meeting, with analysts expecting a breakout if dovish signals emerge. Ethereum nears key resistance, while altcoins could rally on capital rotation. XRP and DOGE are top conviction bets, reflecting bullish macro and positioning shifts.

🌎 Global Economy

IMF raises 2026 global growth forecast amid easing tariffs

UPI

The IMF upgraded its 2026 global growth forecast to 3.1%, citing lower effective tariffs, stronger financial conditions, and front-loaded trade activity. It warned, however, that policy uncertainty and tariff reversals could still dampen long-term recovery momentum.