📈 Stocks / Finance

S&P 500 and Nasdaq Hit Records After Jobs Beat

CNBC

U.S. stocks rose Thursday on a strong June jobs report, with nonfarm payrolls up 147,000 vs. 110,000 expected and unemployment falling to 4.1%. The S&P 500 closed at 6,279.35 (+0.83%) and Nasdaq at 20,601.10 (+1.02%), both setting new highs. Rate cut odds fell sharply.

Analysts Boost Targets on Nvidia, AI Data Center Stocks

Investor’s Business Daily

Mizuho raised price targets on Nvidia, AMD, ARM, and others ahead of Q2 earnings. Nvidia's target rose to 185 from 170, with strong H2 growth expected from Blackwell chips. Nvidia closed up 1.3% at 159.34. Deutsche Bank and Rosenblatt also named new chip stock picks.

Lucid Rises on 38% Delivery Growth Despite Miss

Trading View

Lucid shares jumped 7.1% after reporting Q2 deliveries rose 38% YoY to 3,309, missing the 3,611 estimate. Q2 production hit 3,863. Despite the delivery miss, investors reacted to growth, especially as rivals posted declines. LCID remains down 28.5% YTD.

🪙 Crypto

XRP surges on Ripple’s US bank charter application

Coin Telegraph

XRP rose above $2.27 as Ripple Labs applied for a national bank charter from the OCC. A bullish inverse head-and-shoulders pattern suggests upside targets of $2.42 and $2.65. A break above $2.65 could trigger a rally toward $3; support lies at $2.14.

🌎 Global Economy

Oil Prices Stabilize Despite Geopolitical Risk

Kitco

Oil prices remain steady as Middle East tensions ease and supply concerns fade. IEA projects supply to exceed demand through 2026. OPEC+ may raise output again, while OECD cuts global growth forecasts to 2.9%, limiting rally potential amid stable supply.