Market News

U.S. markets are showing signs of strength as the S&P 500 reaches new peaks, while investors are increasingly optimistic about sectors outside of Big Tech. Affirm's stock surged following positive earnings, reflecting consumer resilience, while Marvell's shares fell sharply after disappointing revenue forecasts. The trade deficit widened significantly in July, driven by firms rushing to avoid tariffs, and the Federal Reserve is expected to initiate interest rate cuts in the coming months amid ongoing economic pressures. Meanwhile, Alibaba's stock rose on strong cloud-computing performance, highlighting growth in the tech sector.