Investopedia Markets News (all except PF)

Shares of SpaceX rose Monday, reclaiming their IPO price for the first time in weeks.
Credit: Getty Images

KEY TAKEAWAYS

• SpaceX stock on Monday rose above its IPO price of $135 for the first time since mid-July.
• The stock gained 23% last week despite concerns over its first earnings report and IPO lock-up expirations.

We’re back where we started. 

Shares of SpaceX (SPCX) on Monday rose above $135, the price at which the company sold shares to the public in mid-June, for the first time since July 16. The shares finished up more than 4% to near $139, their highest close since July 13. Read Investopedia’s full coverage of today’s trading here.

The stock got a big lift last week, jumping Friday to lock down a 23% five-day rise that came even as some investors didn’t like the tone of SpaceX’s first-ever earnings as a public company and fretted about the potential effect of IPO lock-up expirations. Today’s move leaves the shares up 32% from their post-IPO low set Aug. 3, though still well off their record highs above $225.

Among “Last Time Since…” price milestones, the next one to watch may be $150, at which the stock opened trading on IPO day. SpaceX hasn’t touched that level since July 10. 

“Over the short term, we expect that the shares will likely remain volatile as elements of additional liquidity … could result in more widely distributed price discovery for the shares in the coming days,” Goldman Sachs analysts wrote last week after the earnings report.

This article has been updated since it was first published to reflect the close of Monday’s trading.

News of the day for Aug. 10, 2026

The S&P 500 closed at a record high on Friday.
Credit: Spencer Platt / Getty Images

Stock futures are little-changed this morning after major indexes posted their biggest weekly gains in months.; oil prices are rising after Iran issued a new list of demands that it says the U.S. must fulfill before the Strait of Hormuz can be fully reopened; inflation data and AI-related earnings reports will be the focus of investor attention this week; Berkshire Hathaway’s second quarter of results under CEO Greg Abel show that the Warren Buffett successor is prepared to spend the firm’s massive cash pile; and Meta CEO Mark Zuckerberg published a new essay laying out why the company believes it is developing AI the right way. Here’s what you need to know today.

Stocks Are Steady After Best Week Since April

Stock futures are treading water this morning as investors look ahead to another busy week of economic data and earnings reports. Futures tied to the S&P 500 and the tech-heavy Nasdaq were recently up 0.1%, while Dow Jones Industrial Average futures slipped 0.1%. Stocks gained on Friday after a softer-than-expected jobs report eased investor fears that the Fed could raise interest rates soon. The S&P 500 closed at a record high, and all three major indexes posted their biggest weekly gains since April. WTI crude oil futures were up 1.6% this morning at just under $80 per barrel after Iran made new demands over the weekend (more on that below), while gold futures were little-changed at $4,400 an ounce. Bitcoin was trading around $65,000, about the same as where it ended on Friday following a quiet weekend for the cryptocurrency. The yield on the 10-year Treasury ticked higher to 4.67%.

Deal Hopes Fading After Iran Issues List of Demands

Iran issued a new list of demands that the country says the U.S. must meet before the Strait of Hormuz can be fully reopened, including an end to the American blockade of Iran’s ports, the withdrawal of U.S. troops from the region, war reparations, the lifting of sanctions on Iran, and the unfreezing of the country’s assets. Iran also said over the weekend it was close to a deal with Oman that would allow the two countries to jointly manage traffic through the Strait of Hormuz. The White House has yet to offer a substantial response to Iran’s latest demands, but Trump told Axios over the weekend that the U.S. is “only semi-negotiating.”

Economic Data, AI Earnings in Focus This Week

Investors will get a full slate of updates this week on the state of the economy. The consumer price index report is due on Wednesday morning, followed the next day by a report on wholesale prices. The two closely followed inflation readings will factor into the Fed’s decision-making on interest rates. Retail sales data and the Michigan consumer sentiment survey, both due out Friday, will provide more insight into how consumers are feeling about the state of the economy. On the earnings calendar, noteworthy reports include: Lumentum (LITE), CoreWeave (CRWV) and On Holding (ONON) tomorrow; Cisco (CSCO), Coherent (COHR), Nebius Group (NBIS) and Cerebras (CBRS) on Wednesday; and Applied Materials (AMAT) and Pershing Square (PS) on Thursday.

Berkshire CEO Abel Dips Into Cash Pile With Buybacks, Investments

Berkshire Hathaway (BRK.A, BRK.B) released its latest quarterly earnings on Saturday, the investment giant’s second report with CEO Greg Abel at the helm. The report showed growing profits across Berkshire’s energy, railroad and manufacturing businesses that more than offset shrinking insurance profits. The quarterly report also highlighted Abel’s willingness to use the massive cash pile that Buffett had built up, as it declined to $365.5 billion from $397.4 billion at the end of the previous quarter. Berkshire bought back more than $4 billion of its own stock in the quarter, and was also a net buyer of stocks for the first time in 14 quarters, per CNBC. Berkshire shares were up slightly in premarket trading.

Meta CEO Zuckerberg Lays Out AI Vision in New Essay

Meta Platforms (META) CEO Mark Zuckerberg released a lengthy essay detailing his vision for artificial intelligence. The essay includes ideas for how the federal government and companies should collaborate on model development, and Zuckerberg’s belief that AI models should be developed for distribution to as many people as possible rather than made for big companies and governments. He also wrote that it is easier to build new data centers in China than it is in the U.S. amid pushback from citizens and politicians about the negative impact data centers can have on the surrounding area. The full 6,500-word essay can be found here. Meta shares were up 2% in premarket trading.

Economists and investors will peruse retail spending and inflation data this week.
Credit: Spencer Platt / Getty Images

It’s time for a cost-of-living checkup. 

Assessments of U.S. consumer prices, spending and sentiment are due this week—and they could shed light on whether improvements in June were significant enough to withstand geopolitical shocks.

The July Consumer Price Index reading will land Wednesday. The cost-of-living measure ticked down in June—before the U.S.-Iran ceasefire fell apart and fighting in the Middle East escalated. The conflict has curtailed oil shipments in the Hormuz and Bab el-Mandeb Straits, sending energy prices higher and putting upward pressure on other prices.

The CPI remains high by historic standards, as does the Producer Price Index, which tracks wholesale inflation. The July PPI reading is due Thursday; The index dipped in June after surging in May. Rising wholesale costs can be a sign that consumer prices will climb as businesses pass rising expenses along. 

Retail and consumer sentiment data comes out Friday. Consumer spending increased slightly in June, and the public mood recently brightened a bit, according to the University of Michigan’s Survey of Consumer Sentiment. Savings rates, however, hit a four-year low, and developments including chatter about an AI bubble and new tariffs may have shifted consumers’ outlook.

Market Recap

A strong Friday session helped lift all three leading U.S. indexes to weekly gains as the July jobs report eased investor concerns about interest-rate hikes from the Fed. For the week, the Nasdaq climbed 5.2%, while the S&P 500 and Dow added 3.6% and 3%, respectively; it was the best week for the indexes since April. Shares of SpaceX (SPCX) jumped Friday, closing above $130 to approach their IPO price and log their best daily finish since mid-July. For more, read Friday’s market recap here. 

This Week’s Top Events

Here’s a look at notable events in the week ahead. TradingView publishes a more detailed calendar, but clicking the link will take you off the Investopedia site.

• Monday, Aug. 10: Satellite broadband company AST SpaceMobile (ASTS) is slated to hold a conference call on its quarterly results at 5 p.m. ET., with the numbers expected earlier that day. Other space-related companies are reporting this week, including Firefly Aerospace (FLY), Virgin Galactic (SPCE) and Rocket Lab (RKLB), the latter which plans to buy Iridium Communications (IRDM), a satellite communications network provider.
• Tuesday, Aug. 11: Swiss shoe company On Holding (ONON) is set to release its results before the opening bell, and host a conference call at 8 a.m. ET. Sandal giant Birkenstock Holding (BIRK) reports Thursday.
• Tuesday: Cava Group (CAVA) is slated to release its results at 4:10 p.m. ET, followed by a conference call at 5 p.m. ET. Other restaurant operators slated to report this week include Jack in the Box (JACK), Red Robin Gourmet Burgers (RRGB), and Brinker International (EAT), parent company of Chili’s Grill & Bar and Maggiano’s Little Italy.
• Tuesday: Super Micro Computer (SMCI) is scheduled to hold a conference call on its fiscal fourth-quarter results at 5 p.m ET, with the figures expected before then. The server maker released preliminary numbers for the period, showing profit margins growth and a record-high backlog of orders.
• Tuesday: CoreWeave (CRWV) is slated to hold a conference call on its results at 5 p.m., with the figures expected earlier that day. CoreWeave and Neibus Group (NBIS)—another cloud computing company reporting this week— joined the Nasdaq 100 index this summer. Nvidia (NVDA) invested in both companies.
• Tuesday: Lumentum Holdings (LITE) is scheduled to publish its fiscal fourth-quarter results after the stock market closes, and host an audio webcast at 5 p.m. ET. The S&P 500 index recently added Lumentum and Coherent (COHR)—a photonics and laser maker reporting on Wednesday.
• Wednesday, Aug. 12: The Bureau of Labor Statistics is set to release the July CPI reading at 8:30 a.m. ET. The CPI dipped 0.4% in June. Officials will update the Producer Price Index, which measures wholesale inflation, Thursday morning.
• Wednesday: Cerebras Systems (CBRS) is slated to release results after the closing bell, and host a conference call at 5 p.m. ET. The AI chipmaker beat expectations in June, when it published its first quarterly results as a public company.
• Thursday, Aug. 13: Applied Materials (AMAT) is set to host a conference call on its fiscal third-quarter results at 4:30 p.m. ET, with the figures expected before then.
• Friday, Aug. 14: The Census Bureau is scheduled to publish July retail sales data at 8:30 a.m. ET. Spending in June ticked up 0.2%. Retail sales grew more steadily this spring, though much of the increase was due to drivers paying more at the pump.
• Friday: The University of Michigan will update its Consumer Sentiment and Expectations Indexes at 10 a.m. ET. Public sentiment hit a record low in May and remains downbeat, with many worried about the labor market.

More Investopedia Reads

The Fed’s tight-lipped approach is rattling bond markets, Peter Gratton reports. Amid a tight labor market, college grads are living with parents and relying on public transit, Elizabeth Guevara writes; here’s her report on the most in-demand college degrees of the moment. Finally, Crystal Kim unpacked what you need to know about the start of expiring post-IPO lock-ups at SpaceX.

Shares of Coherent and other AI hardware makers made sizable gains this week.
Credit: Matthias Balk / Picture Alliance / Getty Images

Key Takeaways

• Shares of several photonics and optics firms seen as “pick and shovel” AI plays rose Friday.
• Better-than-expected earnings from Applied Optoelectronics could be taken as a positive signal for other companies due to report next week.

Photonics and optics stocks got a big boost Friday in the wake of strong earnings and amid anticipation of a potential setback for overseas competition.

Shares of laser and optical transceiver maker Coherent (COHR) jumped 13%, while Lumentum (LITE) and fiber optic cable maker Corning (GLW) gained 6% and 5%, respectively, propelling them into the ranks of the big gainers on the S&P 500 Friday on a solid day for tech stocks. Applied Optoelectronics (AAOI) shares rose 9%, after the company posted better-than-expected sales and profits.

The strong results from Applied Optoelectronics could be taken as a bullish signal for earnings from Nvidia-backed (NVDA) Lumentum and Coherent, which are scheduled to report next week. Analysts are projecting growing sales and profits for both companies on booming AI demand.  

Friday’s rally adds to what’s already been a strong week for the stocks, after Reuters reported Tuesday that the Federal Communications Commission is drafting a rule that could ban imports of new optical transceivers made in China from being sold and installed in data centers in the U.S. The transceivers help transmit data through fiber optic cables in data centers, an industry that Coherent, Applied Optoelectronics, Lumentum, and Corning all play a key role in.

Reuters said the ban, which could go into effect by the end of the year, is intended to prevent data theft, malware, or service disruptions at U.S. data ​centers. The FCC did not respond to an Investopedia request for comment in time for publication.

CoreWeave shares recently climbed back into positive territory for the year.
Credit: Gabby Jones / Bloomberg / Getty Images

Key Takeaways

• CoreWeave’s latest earnings report is set to be released Tuesday afternoon, with the stock seen swinging up to 13% by the end of the week following the results.
• Sales are projected to have more than doubled from a year ago, though losses likely widened as the company spends on hardware to increase its compute capacity.

CoreWeave is scheduled to release its quarterly earnings after the closing bell Tuesday, with traders expecting a sizable move in the cloud computing provider’s stock.

Based on current options pricing, CoreWeave (CRWV) stock is seen swinging up to 13% in either direction by the end of the week following the results. A move of that size from Friday’s close could see the shares climb back above $102, or slip as low as $79.

CoreWeave shares have gained nearly 30% since the start of the year, but are close to 35% off their highs leading up to the company’s last report in May, amid worries about delays in data center construction. Shares of the cloud provider, which went public last March, have been boosted this year by deals with big names including Meta Platforms (META) and Nvidia (NVDA), along with its addition to the Nasdaq 100 index.

Why This Matters to Investors

CoreWeave’s spending and delays in data center construction have rattled support for the shares lately, though they remain higher for the year.

Bank of America analysts recently wrote that “demand for GPU capacity remains elevated and customer commitments continue to grow, we believe the key debate is less about demand and more about execution,” including how quickly compute capacity can be brought online and the rate at which CoreWeave’s margins can improve. Oppenheimer analysts said they see concerns about capacity delays as “overblown.”

CoreWeave’s second-quarter revenue is expected to have more than doubled year-over-year to $2.56 billion, though its losses likely widened to $1.40 per share, per Visible Alpha, as costs for some hardware components surged.

Analysts are largely bullish on CoreWeave stock, with 11 of the 14 analysts with current ratings tracked by Visible Alpha calling the stock a “buy,” compared to three neutral ratings. Their average price target of about $147 would suggest more than 60% upside from Friday’s close.

Lumentum shares have more than doubled in value since the start of the year.
Credit: Omar Marques / SOPA Images / LightRocket / Getty Images

Key Takeaways

• Lumentum is due to report earnings Tuesday afternoon, with the stock seen swinging up to 13% by the end of the week following the results.
• The optics and laser maker is expected to report a big jump in sales and profits driven by AI demand.

Lumentum is set to report earnings Tuesday afternoon, with traders anticipating a big swing in the optical and photonic products maker’s stock.

Based on recent options pricing, Lumentum (LITE) shares are seen swinging up to 13% in either direction by the end of the week following the results. A move of that size from Friday afternoon’s level around $892 could see the stock rally as high as $1,000, or slide as low as $778, giving up some of its gains this year.

Though off their May highs, Lumentum shares are up more than 140% since the start of the year after a string of positive developments, including an investment from Nvidia (NVDA) and bullish comments from analysts and executives about AI-driven demand.

Why This Matters to Investors

Lumentum, which makes optical components used in data centers, is widely viewed as “pick-and-shovel” AI play, and has seen sales surge as big tech companies invest in building out their AI capacity.

Morgan Stanley analysts recently said in a note that they view Lumentum, along with Corning (GLW) and Coherent (COHR), as the “clearest beneficiaries” of tech companies shifting to using optical connectors rather than traditional wiring to connect hardware in data centers.

Analysts are expecting Lumentum to report revenue of $989.91 million, just over double what it reported in the same quarter a year ago. Adjusted earnings per share are projected to have more than tripled year-over-year to $2.98, per Visible Alpha estimates.

Analysts are largely bullish on Lumentum stock, with the nine analysts tracked by Visible Alpha split between seven “buy” and two neutral ratings. Their mean price target just shy of $1,110 would suggest roughly 25% upside from Friday’s level.

SpaceX shares are still well off the record high hit shortly after the mid-June IPO.
Credit: Spencer Platt / Getty Images

Key Takeaways

• SpaceX shares surged Friday, bringing them closer to their IPO price of $135.
• The stock took a hit after the company’s earnings report earlier this week amid concerns about management’s vision for AI spending.

Shares of SpaceX climbed Friday, locking down a powerful weekly performance. 

SpaceX (SPCX) stock finished the day up 16% recently to just over $133, $128, not far off their mid-June IPO price of $135 per share. (They haven’t closed above that level since mid-July.) They finished the week up 23%, a conclusion that was far from foregone just a few days earlier. 

Investors bid the shares higher ahead of SpaceX’s first-ever quarterly earnings report as a public company, reported Tuesday night, but they dropped them after management’s vision for AI spending looked more aggressive than some hoped for. Worries that the expiration of lock-up agreements that freed up millions of shares for trading have also weighed on the shares. 

But stocks rose today, lifted by optimism—fueled by the July jobs report that landed this morning—that the Fed may not need to raise interest rates soon.

That pulled the Nasdaq Composite substantially higher, and boosted some risk assets: The Roundhill Magnificent 7 ETF (MAGS) rose 0.7%, while the PHLX index of chip stocks, or SOX, was up 2.6%. 

This article has been updated since it was first published to reflect the close of Friday’s trading.

Berkshire’s second-quarter results could be taken as the latest report card on new CEO Greg Abel’s performance.
Credit: David Paul Morris / Bloomberg / Getty Images

Key Takeaways

• Berkshire Hathaway is due to report earnings Saturday, its second with Greg Abel as CEO.
• Some of the conglomerate’s recent moves include buying homebuilder Taylor Morrison.
• Berkshire’s Class B shares have outperformed the broader market since the company’s first-quarter report in May.

Berkshire Hathaway investors are about to get an update this weekend on new CEO Greg Abel’s latest moves. 

The conglomerate is set to post its earnings at 8 a.m. ET Saturday, providing fresh insights into Berkshire’s (BRK.A, BRK.B) performance during Abel’s second quarter at the helm. 

One big move that took place during the period was Berkshire’s $6.8 billion deal to buy homebuilder Taylor Morrison, a major bet on America’s housing market. Former CEO Warren Buffett publicly cheered the decision, telling CNBC that “Greg did that faster than I could [have] done it, smoother than I could have done it, and I never talked to the CEO. He has launched.”  

Abel has also continued repurchasing Berkshire shares, signaling confidence in their future gains and keeping with Buffet’s longtime playbook on buybacks. The CEO said in an interview earlier this year that he plans to keep doing it “as long as our intrinsic value exceeds the market value.”

Why This Matters to Investors

Saturday’s results will give investors a more detailed look into Berkshire’s financials in Greg Abel’s second quarter as CEO, amid lingering uncertainty about how the company could change under his leadership.

UBS analysts, who estimate Berkshire repurchased $8.5 billion of its shares between mid-April and mid-July, told clients recently that they would view the move as a bullish sign for the shares. They raised their target for Berkshire’s class B shares to $585 from $570, suggesting they see a full recovery to new highs in the next 12 months.  

While still off their highs around $540 set in May of last year, just before Warren Buffett announced he would be stepping down at the end of 2025, shares of Berkshire Hathaway have gained more than 10% since the start of June. The stock was down 1% in midday trading Friday, at around $519.

The stock took a sizable hit after the company last reported earnings in May. But they’ve managed to slightly outperform the broader market since then.

UBS analysts said that they expect “solid results” from Berkshire’s businesses, with higher earnings from Berkshire’s BNSF railroad unit and a decline in catastrophe losses in its insurance arm. Investors will also be watching closely for changes in Berkshire’s cash level and investments.

In June, Berkshire agreed to significantly expand its investment in Google parent Alphabet (GOOGL), a decision which Buffett said in an interview with CNBC that he initiated. In the first quarter, Berkshire’s cash hoard swelled to a record $397.38 billion. That figure has likely declined after the company’s recent purchases.

This article has been corrected since it was first published to reflect Berkshire’s cash pile rose to a record $397.38 billion in the first quarter.

Cloudflare shares have gained more than 50% since the start of 2026.
Credit: Stanislav Kogiku / SOPA Images / LightRocket / Getty Images

Key Takeaways

• Cloudflare shares surged Friday after the company reported better-than-expected earnings.
• The networking and security services provider also raised its full-year revenue outlook.

Cloudflare shares are soaring to new highs on the back of a strong second-quarter earnings report.

Shares of Cloudflare (NET) were up 8% at $308 in recent trading, after rising as high as $325 early in Friday’s session. The networking and security services provider said that it earned an adjusted 29 cents per share on a 36% year-over-year jump in revenue to $696.1 million, above estimates compiled by Visible Alpha.

CEO Matthew Prince said in a release that the company saw “record growth in total paying customers, large customers, and developers on our platform,” as AI adoptions grows. 

“As the web shifts to AI answer engines and agent-driven commerce, we are seeing a fundamental rewrite of the Internet for machine-to-machine traffic,” the CEO wrote.  “Cloudflare sits at the center of this paradigm shift—building the infrastructure, controls, developer tools, and payment rails for the Agentic Internet. The business model of the web is changing, and no company is better positioned than Cloudflare to help define its future.”

Cloudflare’s third-quarter forecasts of $736 million to $737 million in revenue and adjusted EPS of 34 cents topped consensus projections. The company also boosted its full-year guidance, pegging revenue at between $2.864 billion and $2.87 billion and adjusted EPS of $1.25 to $1.26.

JPMorgan analysts more than doubled their price target to $350 from $145 following the report, writing that the results and outlook “cleared what were already elevated expectations, in our view reinforcing the company’s differentiated position of benefiting from broadening AI tailwinds.”

Coming into Friday’s session, shares of Doximity had lost more than half their value this year.
Credit: Cheng Xin / Getty Images

KEY TAKEAWAYS

• Doximity stock surged after the company highlighted its growing opportunity associated with AI.
• The company reported modest revenue growth but emphasized new AI-driven engagement opportunities.

Shares of Doximity are rocking higher Friday. The reason? AI. 

Doximity (DOCS) stock was up more than 45% at around $30 recently, rising as high as $40 in the opening minutes of the session, after the telehealth company turned in fiscal first-quarter (ended June 30) financial results. The numbers themselves likely weren’t the reason, with quarterly revenues rising 7% year-over-year and both net income and adjusted EBITDA falling. 

Instead, look to comments made on last night’s conference call by CEO Jeff Tangney about the company’s opportunities using artificial intelligence. “We’re seeing record AI usage while topping the first large-scale independent head-to-head trial of clinical AI vendors,” he said, according to a transcript provided by AlphaSense. 

The company says its AI services are being used more and generating more client engagement, suggesting growth opportunities ahead if not big numbers already in the books; CFO Matthew Sonefelt cited a “nascent but growing AI commercial pipeline” while boosting guidance. 

That contributed to this morning’s big boost. The shares had lost more than half of their value in 2026—they finished last night a bit under $21 after closing 2025 above $44. While today’s move doesn’t bring them back into the green, they’re now much closer to par.