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Major Averages Rebound as AI Stocks Rise

The major averages were broadly higher to start the week following last week's declines, aided by a rise in AI-related stocks. Intel surged, while AMD hit $1T in market cap. Markets are looking to rebound from the Dow's sharp losses in the previous week, during which it marked its worst performance since March.The top indexes were also buoyed by a sharp drop in oil prices, which have fallen to below $100 per barrel though still remain elevated. The move in oil prices comes despite the latest escalation in hostilities in the Middle East, as Iran-backed Houthis said they attacked Saudi Arabia with missiles and drones over the weekend. Meanwhile, the U.S. State Department warned Americans to reconsider traveling to the region as the U.S. and Iran continue to trade threats to resume combat.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Anthropic now expects its IPO to take place in November, WSJ reportsParamount Skydancehas reached a settlement with California and other states over its proposed acquisition of Warner Bros. Discovery, Bloomberg reportsHP Inc.said its planning assumption is that industry-wide personal computer unit volumes decline roughly mid-single-digits in percentage terms in calendar year 2027Accentureand Anthropic are partnering to establish a team of embedded evaluatorsPriority Technologyreported better-than-expected Q2 results and reaffirmed its FY26 revenue guidance2. WALL STREET CALLS:Cienaupgraded to Outperform at Evercore ISI on sustained growthBNP downgraded Vail Resortson further declines in lift pricingBNP upgraded AT&Twith wireless competition "more rational"Flutterdowngraded to Neutral at Rothschild & Co RedburnArhausupgraded to Buy at Jefferies3. AROUND THE WEB:Volkswagen'sturnaround plan sees 4,000 additional job cuts at Porsche, Reuters reportsNissanis considering increasing its U.S. production with the launch of its 2027 Rogue crossover, Christian Meunier, chairman of Nissan Americas, told CNBCMetahas agreed to give Prospect union direct access to its 5,000 UK employees for the first time, FT reportsStarbuckshas signed a deal to set up a global capability center in the southern Indian city of Chennai and hire roughly 800 technology professionals, Reuters saysThe USPTO and U.S. Copyright Office were surprised by the DOJ's brief supporting OpenAI and Microsoftin their dispute with the New York Times, Axios reports4. MOVERS:New Era Energygains after its subsidiary entered into a 20-year power purchase agreement with Luminant, an affiliate of VistraVista Goldincreases after entering into an agreement with Artemis Gold to be acquired for $2.83 per shareModernahigher after announcing late-breaking data will be presented at ESMO Congress 2026Einridefalls in New York after announcing a collaboration with Nvidiato advance autonomous truckingUPSlower after BofA lowered its price target on the stock5. EARNINGS/GUIDANCE:Novo Nordiskprovided guidance for pipeline sales for 2035Ennisreported Q2 results, with EPS lower year-over-yearZJK Industrialreported results for H1, with CEO Ning Ding commenting it was a period of "strong revenue growth"Turning Point Brandsreaffirmed its outlook for FY26Nuvinireported H1 results, with operating revenue lower year-over-yearINDEXES:Near midday, the Dow was up 238.25, or 0.46%, to 51,920.89, the Nasdaq was up 458.31, or 1.73%, to 26,980.86, and the S&P 500 was up 85.74, or 1.12%, to 7,736.24.

Stocks Decline as U.S. 10-Year Treasury Yield Hits 5%

Stocks closed lower after the yield on the U.S. 10-year Treasury note rose for a fifth consecutive session, hitting the closely watched 5% threshold for the first time since 2007. The yield climbed as high as 5.04% before easing slightly to 5.01%. The renewed rise in oil prices continues to cloud the inflation outlook, particularly as tensions in the Middle East remain elevated and risks to oil supplies increase. The Fed is widely expected to raise interest rates for the first time since 2023 on Wednesday and investors will also closely scrutinize the Fed's updated economic projections, particularly its outlook for inflation and rates.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Micronfaces escalating labor risk in Taiwan as unions threaten a strike,Waystaris exploring strategic options, including a potential sale,Enovashares fell after the companyfor the proposed acquisition of Grasshopper BancorpDave & Buster'sreportedthat fell short of expectationsDoorDashwilland make a long-term investment in Wonder as part of its Series D round2. WALL STREET CALLS:Eli Lillyto Buy at BerenbergRapid7to Underweight at JPMorganEtsyto Outperform at OppenheimerJPMorganAptiv, Magnaand Learto NeutralNew York Timesto Buy at Guggenheim on digital advertising momentum3. AROUND THE WEB:Nvidiaand Booz Allen Hamiltonare limiting Fable use as Anthropic doesn't guarantee zero data retention, The Information saysChipotlebeefing up its board in bid to quell concerns about potential activist scrutiny, Semafor saysSoftBanksecured an $11.87B loan to support its investment in OpenAI, Bloomberg saysApple TV's"Widow's Bay" swept every category it was nominated for at the 78th Emmy Awards, collecting 14 awards, WSJ reportsAmerican oil executives have warned a global fuel crisis has arrived due to the prolonged closure of the Strait of Hormuz, WSJ says4. MOVERS:Radiant Logisticsadvanced after, with EPS and revenue higher year-over-yearNokiagained after stock wasat RosenblattAlignment Healthcaredeclined afterat Baird conferenceMach Natural Resourcesfell afteran 8M share offeringHyperliquid Strategiesdeclined after160M shares5. EARNINGS/GUIDANCE:Vera Bradleyreportedand backed its outlook for FY27James Hardiereaffirmed itsfor Q2 and FY27Forgent Power Solutionsreported, with EPS and revenue beating consensusBoot Barnprovidedfor Q2Children's Placereported, with EPS and revenue missing consensusINDEXES:The Dow fell 328.09, or 0.63%, to 52,093.11, the Nasdaq lost 204.84, or 0.78%, to 25,981.57, and the S&P 500 declined 34.25, or 0.45%, to 7,585.73.