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  • Dow jumps 585 points as rate cut hopes offset tariff jitters

Dow jumps 585 points as rate cut hopes offset tariff jitters

5 articles I'm watching carefully

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Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Dow jumps 585 points as rate cut hopes offset tariff jitters

The Dow rose 1.34% and the S&P 500 ended a four-day losing streak as weak jobs data fueled optimism for rate cuts. Markets rebounded from Friday’s sell-off, despite lingering concerns over Trump’s new tariffs and potential volatility ahead in a historically weak August.

Palantir beats estimates, raises outlook as gov & AI deals surge

Palantir's Q2 revenue rose 48% to $1B, topping forecasts, led by 53% growth in U.S. government sales. EPS hit $0.16 vs $0.14 expected. Shares hit a new high, up 111% YTD, but valuation concerns linger with PLTR trading at ~80x forward sales. FY guidance raised to $4.15B.

Meta surges as strong earnings and rate cut hopes boost sentiment

Meta shares rose 3.3% to $774.95 after Q2 revenue beat estimates at $47.52B, up 22% YoY. EPS hit $7.14, aided by AI-driven ad efficiency. Analysts raised price targets. Weak July jobs data raised Fed rate cut odds to 85%, fueling tech sector gains.

🪙 Crypto

XRP rises despite death cross warning from MVRV ratio

XRP climbed 3% to $2.99 but a death cross in its MVRV ratio signals potential downside. Despite the bearish indicator, some traders cite bullish momentum and a possible breakout to $4. Ripple CTO’s XRPL infrastructure project adds network support optimism.

🌎 Global Economy

Trade policy and debt clouds darken global growth outlook

New analysis warns global GDP may face its weakest growth since 2008 (ex-COVID) as U.S. tariffs, rising public debt, and geopolitical risks mount. U.S. policy unpredictability and protectionism could cut global GDP by 1.1% by 2030, with Mexico and Canada hardest hit.

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