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Wall Street ended the day lower as optimism over a potential deal in the Strait of Hormuz faded, while oil prices saw a rally amid ongoing geopolitical tensions. In tech news, OpenAI successfully wrapped up a $7 billion share sale ahead of its anticipated IPO, and Nvidia secured $500 billion in financing, highlighting continued investor interest in AI-related stocks. Meanwhile, Trump Media reported a hefty second-quarter loss of $238 million, impacted by declining cryptocurrency values. Overall, the market remains cautious as it awaits key inflation data and further developments in the Middle East.
Latest Market Updates
| Title | Published |
|---|---|
Hollywood returns as Chinese rivals push abroad Hollywood returns as Chinese rivals push abroad | less than a minute ago |
Tuesday's stock stories: Whatâs likely to move the market in the next session Tuesday's stock stories: Whatâs likely to move the market in the next session | less than a minute ago |
OpenAI wraps $7 billion share sale ahead of potential IPO OpenAI wraps $7 billion share sale ahead of potential IPO | less than a minute ago |
Stock futures are steady as investors weigh Iran, Hormuz deal prospects Stock futures are steady as investors weigh Iran, Hormuz deal prospects | less than a minute ago |
Trump Media posts $238 million second-quarter loss as crypto declines Trump Media posts $238 million second-quarter loss as crypto declines | less than a minute ago |
Trump says he spoke recently to Fed Chairman Warsh, denies regular calls Trump says he spoke recently to Fed Chairman Warsh, denies regular calls | less than a minute ago |
Here's how the market may react to July's CPI report, according to JPMorgan Here's how the market may react to July's CPI report, according to JPMorgan | less than a minute ago |
Hollywood returns as Chinese rivals push abroad
Hollywood returns as Chinese rivals push abroad
Tuesday's stock stories: Whatâs likely to move the market in the next session
Tuesday's stock stories: Whatâs likely to move the market in the next session
OpenAI wraps $7 billion share sale ahead of potential IPO
OpenAI wraps $7 billion share sale ahead of potential IPO
Stock futures are steady as investors weigh Iran, Hormuz deal prospects
Stock futures are steady as investors weigh Iran, Hormuz deal prospects
Trump Media posts $238 million second-quarter loss as crypto declines
Trump Media posts $238 million second-quarter loss as crypto declines
Trump says he spoke recently to Fed Chairman Warsh, denies regular calls
Trump says he spoke recently to Fed Chairman Warsh, denies regular calls
Here's how the market may react to July's CPI report, according to JPMorgan
Here's how the market may react to July's CPI report, according to JPMorgan