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Major Averages Broadly Lower as Bond Market Pressure Increases
The major averages were broadly lower as investors assess renewed pressure in the bond market and higher oil prices.The 30-year Treasury yield has climbed back above 5.2%, near its highest level in roughly two decades, as investors worry about rising government debt and persistent inflation pressures. The Treasury moved to double its purchases of longer-dated government bonds, helping yields pull back from their recent highs, although the move does not address the underlying fiscal concerns driving the selloff.Oil is adding to the inflation concerns, with Brent crude rising for a fifth consecutive session as tensions surrounding Iran and the Strait of Hormuz remain unresolved. President Donald Trump vowed "economic warfare" on Iran and penalties for its supporters, as the United Arab Emirates reported it was ceasing trade with Tehran.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Walmartprovided areport for Q2Alibabareportedbut upbeat revenueDeerereportedand narrowed its FY26 net income guidancePresident Donald Trump asked Congress to pass the Clarity Act, arguing the legislation is a top priority for the industry and is critical to keeping the U.S.'s edge in emerging technologies,Anthropic anticipates matching or even surpassing the size of SpaceX'srecord-setting IPO as plans for the AI firm's public debt pick up speed,2. WALL STREET CALLS:BofAEtsyto Buy from NeutralSeaport ResearchAnalog Devicesto Buy from NeutralRBCMerckon 'unprecedented valuation' after vaccine dataAllstateto Underperform from Market Perform at Keefe BruyetteCitiCactusto Neutral on valuation after rally3. AROUND THE WEB:The NFL's Atlanta Falcons are in talks to sell a 10% interest in the team to KKR'sArctos Partners, Bloomberg reportsVirtu Financialis considering a sale of its agency brokerage and technology division, Bloomberg saysYouTubeis offering millions of dollars to popular channels on its platform if they upload videos exclusively to the site for a period of time, Bloomberg reportsOpenAI CFO Sara Friar told employees that the AI lab "will be a public company in 2027," CNBC reportsAustralia recently passed legislation that would force tech giants, including Meta, Google, TikTok, and Microsoft'sLinkedIn, to pay millions if they don't enter commercial deals with local media outlets for news on their platforms, Reuters reports4. MOVERS:Bitdeerincreased in New York after Barclayscoverage of the stock with an Overweight ratingAndersen Groupgained after announcing aWebullwas higher after, with EPS higher year-over-yearCotyfell after RBC Capitalthe stock to Sector Perform following Q4 resultsFluence Energywas lower after GLJ Researchthe stock to Hold5. EARNINGS/GUIDANCE:Advance Auto Partsand raised its outlook for FY26LSI Industries, with EPS and revenue beating consensusTicketplus, with EPS and revenue higher year-over-yearNetEase, with EPS missing consensusNavios Maritime Partners, with EPS and revenue beating consensusINDEXES:The Dow fell 703.84, or 1.32%, to 52,759.21, the Nasdaq lost 263.92, or 1.00%, to 26,067.17, and the S&P 500 declined 66.82, or 0.87%, to 7,641.16.
Major Averages Decline Amid Bond Market Pressure and Rising Oil Prices
The major averages were broadly lower near noon as investors assess renewed pressure in the bond market and higher oil prices.The 30-year Treasury yield has climbed back above 5.2%, near its highest level in roughly two decades, as investors worry about rising government debt and persistent inflation pressures. The Treasury moved to double its purchases of longer-dated government bonds, helping yields pull back from their recent highs, although the move does not address the underlying fiscal concerns driving the selloff.Oil is adding to the inflation concerns, with Brent crude rising for a fifth consecutive session as tensions surrounding Iran and the Strait of Hormuz remain unresolved. President Donald Trump vowed "economic warfare" on Iran and penalties for its supporters, as the United Arab Emirates reported it was ceasing trade with Tehran.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Walmartprovided areport for Q2Alibabareportedbut upbeat revenueDeerereportedand narrowed its FY26 net income guidanceNordsonprovided areport for Q3President Donald Trump asked Congress to pass the Clarity Act, arguing the legislation is a top priority for the industry and is critical to keeping the U.S.'s edge in emerging technologies,2. WALL STREET CALLS:BofAEtsy (ETSY) to Buy from NeutralSeaport ResearchAnalog Devicesto Buy from NeutralRBCMerckon 'unprecedented valuation' after vaccine dataAllstateto Underperform from Market Perform at Keefe BruyetteCitiCactusto Neutral on valuation after rally3. AROUND THE WEB:Virtu Financialis considering a sale of its agency brokerage and technology division, Bloomberg saysYouTubeis offering millions of dollars to popular channels on its platform if they upload videos exclusively to the site for a period of time, Bloomberg reportsOpenAI CFO Sara Friar told employees that the AI lab "will be a public company in 2027," CNBC reportsSeveral women working at L3Harris Technologieshad raised concerns of CEO Chris Kubasik's behavior, including a formal complain to human resources made around 2023 accusing Kubasik of sexual harassment, WSJ reportsAustralia recently passed legislation that would force tech giants, including Meta, Google, TikTok, and Microsoft'sLinkedIn, to pay millions if they don't enter commercial deals with local media outlets for news on their platforms, Reuters reports4. MOVERS:Bitdeerincreases in New York after Barclaysof the stock with an Overweight ratingAndersen Groupgains after announcing aWebull (BULL) higher after, with EPS higher year-over-yearCotyfalls after RBC Capitalthe stock to Sector Perform following Q4 resultsFluence Energylower after GLJ Researchthe stock to Hold5. EARNINGS/GUIDANCE:Advance Auto Partsand raised its outlook for FY26LSI Industries, with EPS and revenue beating consensusTicketplus (TP), with EPS and revenue higher year-over-yearNetEase, with EPS missing consensusNavios Maritime Partners (NMM), with EPS and revenue beating consensusINDEXES:Near midday, the Dow was down 454.85, or 0.85%, to 53,008.20, the Nasdaq was down 259.13, or 0.98%, to 26,071.96, and the S&P 500 was down 34.07, or 0.44%, to 7,673.91.
NetEase Reports Q2 Revenue of RMB 30.1B, Beating Consensus
Reports Q2 revenue RMB 30.1B, consensus RMB 29.48B. "Our robust performance in the first half of 2026 reflects players' growing enthusiasm for both our newly launched and established games, underscoring our ability to create distinctive and refreshing experiences with lasting appeal," said Mr. William Ding, CEO and director of NetEase. "As we continue to strengthen both our live game operations and new title pipeline, we are sharpening our focus on original gameplay, cutting-edge technology and deeper global reach to support our enduring growth."
Paramount Forms Gaming Division, Tony Driscoll as President
Yesterday, Paramount Skydance (PSKY) announced the formation of Paramount Games Studio, a unified gaming division that brings together all Paramount and Skydance gaming studios - including Skydance Interactive and Skydance New Media - under one roof. At the helm is Tony Driscoll, President of Paramount Games Studio, who will also continue in his role as EVP of Corporate Strategy and Development. "This division launch marks a meaningful evolution in how we think about games - not as an extension of our business, but as a core pillar of our content strategy alongside film, television and streaming," said Driscoll. "We are committed to creating exceptional games for every type of player, from casual to AAA, and building enduring experiences across our beloved Paramount IP and original worlds that deepen fan engagement and drive long-term growth." Publicly traded companies in the space include Electronic Arts (EA), GameStop (GME), NetEase (NTES), Nintendo (NTDOY), Take-Two (TTWO), Tencent (TCEHY) and Ubisoft (UBSFY).
Stock Futures Decline as Treasury Yields Rise
Stock futures are trading lower as investors continue to grapple with rising Treasury yields, sticky inflation concerns and renewed geopolitical tension. The recent climb in long-dated Treasury yields has been noteworthy, with the 10-year yield hovering around 4.6% and the 30-year yield above 5%, levels that have pressured equity valuations and raised concerns that borrowing costs could stay elevated longer than markets previously expected.Technology shares were mixed following earnings from Nvidia, which topped expectations and included an $80B buyback authorization. Meanwhile, AI-linked and quantum computing names surged after the U.S. government announced major funding initiatives benefiting companies tied to advanced computing infrastructure.Energy markets were back in focus after reports suggested Iran intended to maintain near-weapons-grade uranium stockpiles, reigniting fears of potential disruption in the Strait of Hormuz. Oil prices climbed sharply on the headlines, reviving worries that higher energy costs could complicate the Federal Reserve's inflation fight and delay any meaningful rate cuts.In pre-market trading, S&P 500 futures fell 0.35%, Nasdaq futures fell 0.54% and Dow futures fell 0.30%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Applied Digitalup 9% after disclosing pact with a hyperscaler for its fourth AI Factory campusUP AFTER EARNINGS -Elf Beautyup 8%Nioup 6%UP AFTER $2B IN TRUMP ADMINISTRATION GRANTS -Infleqtionup 23%D-Wave Quantumup 15%Rigetti Computingup 13%GlobalFoundriesup 13%IBMup 6%DOWN AFTER EARNINGS -Intuitdown 15%NetEasedown 4%Deeredown 3%Walmartdown 2%
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