SpaceX's post-IPO lockup expiration and weak results from Sandisk and AppLovin are weighing on tech stocks Thursday
Datadog (−19%) and Western Digital (−13%) fell on weak guidance; geopolitical escalation at Strait of Hormuz lifted crude and US yields. Rising financing costs pressure tech capex cycles.
Stocks Poised to Extend Gains Ahead of SpaceX's First Earnings
Everything you need to know before you reach the office this morning.
US stocks end mixed with AI volatility offsetting Hormuz hopes; July hiring miss at 44K (vs. 95K) signals slowdown. Tech leaders defer CapEx: Fed inflation fears and weak hiring tighten IT budgets and cloud spending plans.
Trump may announce a Strait of Hormuz deal today: Iran gains inbound control for 60 days, no nuclear safeguards. Iran's structural chokepoint leverage will drive higher insurance premiums, Gulf infrastructure capex shifts, and toll structures that reshape tech supply chain economics.
Negotiators Close In on Deal With Iran to Open Hormuz
U.S. Stocks Mixed as Tech Wobbles Offset Hormuz Hopes
Stock futures were mixed Thursday as investors once again grew nervous
SpaceX Stock Rises With Millions of Shares Unlocking Today
Tensions between the Houthis and Saudis grew, whilst the initial Iranian reporting on the text of the Iran-Oman deal showed unfavourable terms for the US and peers.