📊 Stocks snapped a three-day losing streak Wednesday as Treasury yields cooled off their multiyear highs. The S&P 500 and Nasdaq each advanced 0.5%, the Dow added 0.6% and Canada's S&P/TSX Composite climbed 0.74%. 💻 Dell Technologies ($DELL) surged 13% to lead the S&P 500 after beating on both lines and lifting its fiscal 2027 revenue forecast on AI server strength. 🔐 Palo Alto Networks ($PANW ) dropped 10% to finish last in the S&P 500 despite better than expected fourth quarter results. 🚕 Uber ($UBER ) rose more than 1.5% after saying it will cut 10% of its workforce, roughly 3,300 roles. The restructuring trims management layers by 20% and leaves just 1% of staff working remotely. ⚡ PG&E ($PCG ) fell another 7%, extending Monday's plunge. The utility launched a strategic and financial review of a possible reorganization and deferred $2 billion in 2027 capital spending to limit higher-cost borrowing. 🏛️ The 10-year Treasury yield touched 4.818%, its highest since November 2023, before easing back to flat and giving equities room to run. Oil kept climbing, with WTI settling up almost 1% at $91.01 and Brent at $95.63. ADP said private payrolls grew just 38,000 in August against the 47,000 expected. 👨🏻💻 Researched and written daily by @tim_emino
4,820 views
0 Comments
Join the conversation with 500,000+ other investors 💸
Create an account to get access to everything Blossom has to offer!
📊 Personalized algorithm based on your investing style, experience level and interests
📈 Powerful portfolio and dividend tracking tools
👀 See what top creators and others in the community are investing in
