This article will be updated throughout the day, so check back often for more daily updates.
The markets are meandering in and out of positive territory after the Nasdaq Composite clinched a fresh all-time high in yesterday’s session. As of early morning trading, the three major stock market indices are relatively flat. The Trump administration isn’t done slapping tariffs on trade partners, the most recent of which involves a 50% tariff on Brazilian imports. On the economic front, U.S. jobless claims moved lower last week, surprising economists amid mixed signals from the labor market.
HSBC analysts have their eye on Advanced Micro Devices (Nasdaq: AMD), saying its recent AI chip solution has thrust it into the AI spotlight, potentially giving AI Nvidia (Nasdaq: NVDA) a run for its money. HSBC has attached a “buy” rating on AMD shares with a bullish price target of $200 per share, reflecting upside potential of approximately 44%. Yesterday, Nvidia made history by becoming the first company to cross the $4 trillion market cap threshold.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Up 21.94 (+0.05%)
Nasdaq Composite: Down 54.91 (-0.27%)
S&P 500: Down 5.52 (0.09%)
Market Movers
MP Materials (NYSE: MP) stock is soaring 55% after the company inked a rare Earth-mining contract with the Department of Defense to strengthen the U.S. magnet supply. The deal is reportedly worth billions of dollars, including a $400 million capital injection by the DoD for preferred shares and a warrant, making the government agency a major shareholder of MP Materials. The Trump administration previously tipped its hand to deals like this as the U.S. goes head-to-head with China.
Delta Airlines (NYSE: DAL) stock is soaring 12% today on strong quarterly results amid “stabilizing” travel demand. The airline managed to beat expectations in H1 2025 and increase its quarterly dividend payout by 25%, beginning in September.
WK Kellogg (NYSE: KLG) is skyrocketing by 30% today after agreeing to be taken over by Italy’s Ferrero, which is behind the popular Nutella product, in a blockbuster $3.1 billion merger.
In 20 Years, I Haven’t Seen A Cash Back Card This Good (sponsor)
After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers.
A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.
Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
The post Live Nasdaq Composite: Tech Eyes New Highs as Markets Diverge appeared first on 24/7 Wall St..
