📊 Stocks fell for a third straight session as Treasury yields and oil both pushed higher. The Dow dropped 0.77%, the S&P 500 shed 0.48%, the Nasdaq fell 0.64% and Canada's S&P/TSX Composite slipped 0.60%. 📱 Apple ($AAPL) fell about 1.75% by mid-afternoon after unveiling the iPhone Duo, its first foldable phone. The reaction fits a pattern where Apple shares have more often sunk or gone flat after product launches in recent years. 🏪 Casey's General Stores ($CASY) tumbled 14.24% to $629.03 despite a fiscal first quarter beat on both lines. Same-store sales grew slower than a year ago and prepared food, grocery and fuel gallons all missed estimates. Management held its fiscal 2027 outlook. 💎 Signet Jewelers ($SIG) popped 17% in premarket trade on adjusted earnings of $2.19 per share against a $1.74 FactSet estimate. The jeweler also raised full year earnings guidance. 🔋 Lithium Americas ($LAC ) rose more than 4% after JPMorgan upgraded it to overweight on higher long-term lithium price assumptions. The bank set a $6 target, implying 100% upside from Monday's close. 🛢️ Brent settled up 3.36% at $101.21 and WTI gained 3.25% to $96.05, the highest settle since May for both, as U.S.-Iran tensions stoked supply fears. Yields climbed too, with the 10-year at 4.857%, its highest since November 2023, after Treasury said it will triple its longer-dated buyback to $6 billion. August PPI lands Thursday and CPI Friday. 👨🏻💻 Researched and written daily by @tim_emino
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6 Comments
Mike L@noviceadvisor · 12h
Casey's got a general ass whoopin. Woot another mention of oil today!
wolfie FIRE@wolfie55 · 2h
👀😮 iPhone Duo’s price in Canada is $3K - $4.8K. My guess was $2K, how wrong I was.
Kayvon Motamed@kayvon · 7h
No Apple products in this household
Joseph Sanchez@milktrees · 11h
I need to pretend i need the bigger screen to look at charts shhh.
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