📊 Bank earnings kicked off the season and memory chips sold off. The Dow fell 0.35%, the Nasdaq slipped 0.15% and the S&P 500 finished near flat at 0.02% lower. The Dow was up more than 460 points at its high. 🏦 JPMorgan Chase ($JPM) closed 0.9% lower after missing on both lines, though it raised 2026 net interest income guidance. Wells Fargo ($WFC) shed 3% on mixed results and Goldman Sachs ($GS) slipped 0.2% despite a revenue beat. 💘 Bumble ($BMBL) soared 56% on news it will be acquired by Ithaca Holdings in an all-cash deal valuing the dating app at $1.3 billion. 💾 Memory names fell after South Korea’s Kospi dropped 5.5% to its lowest since July 31 on valuation worries and Chinese competition. CXMT says it will release a more powerful chip by year-end. Micron ($MU) declined more than 3%, Western Digital ($WDC) fell 1.6% and the Roundhill Memory ETF slid more than 3%. 📘 Meta Platforms ($META) climbed more than 2% for a second day on its Muse Wonder AI model rollout. Truist raised its target to $1,000 from $763. 🐻 Paul Tudor Jones told CNBC he’ll be short the market all of 2027, comparing conditions to the run-up to the dot-com bust and pointing to debt-financed AI capex and sovereign debt levels. He also sees oil climbing $20 to $25 from here. 👨🏻💻 Researched and written daily by @timemino
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2 Comments
Andrew Sebourn
@asebo02 · 2h
META is definitely gonna soar. I gotta get more money I there.
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