Nvidia beats with the market closed, posting record revenue of $96.2 billion. In the regular session not one of the seven indices moved a quarter of a point: the individual names did all the work. Moderna stock fell 5.77%, UniCredit rose 2.16%, SAP lost 2.93%.

Moderna stock jumps 14.36%, the widest move in the basket. Semiconductor stocks rebound before Nvidia earnings with AMD stock up 4.91% and Super Micro up 9.35%, while cybersecurity pays the bill. Luxury slides across three markets: Kering down 3.34%, Moncler stock down 2.22%.

Semiconductor stocks de-risk before Nvidia earnings: Micron stock down 5.83%, AMD stock down 3.49%, Intel stock down 3.12%. Against the tide, US payment networks lead with Mastercard up 3.31% and Visa up 3.06%, while Stellantis stock drops 4.77% in Milan on the US-Canada tariff shock.

Uranium and rare earths take Wall Street, with Uranium Energy up 14.44% and Cameco up 7.24%, while bitcoin clears 78,000 dollars and Coinbase stock gains 8.20%. Alibaba stock drops 8.57% on the cost of AI, US utility stocks fall 2.28% and Stellantis stock leads Milan, up 4%.

The MPS board approves two exchange offers worth 34 billion euros on Banco BPM and Banca Generali, and the shares of the five protagonists move by less than seven tenths of a point. On Wall Street Walmart stock falls 9.15% despite beating expectations, and Eni stock rises 2.59%.

Moderna stock soars 176.97% and Merck stock gains 12.60% on phase 3 melanoma vaccine data, carrying the whole biotech complex with them. Marvell stock jumps 9.85% on a 12.2 billion warrant granted to Google while Broadcom stock falls 4.61%, and Bitcoin clears 68,000 dollars.

Micron stock, Western Digital, Sandisk and Marvell fall between 7% and 9% as the US thirty-year yield reaches a twenty-year high. Baidu stock collapses 12.73% on a fifth straight quarter of falling revenue, Home Depot beats and stays flat, and STM drops 7.57% on the Milan market.

Micron stock jumps 4.13% while Adobe, Microsoft and Salesforce each give back more than 2.5%. Reddit stock joins the S&P 500 after a 7.63% drop, STM flies 5.03% on the European chip rebound and US energy is the only sector in the green. Thirty fresh buy signals from the weekly analysis.

Broadcom stock falls 5.94% on the alarm over 370 billion dollars of AI-linked debt, while AMD stock gains 6.50% and Micron 2.30%. Thirty fresh buy signals from the weekly analysis. Ferrari and Fincantieri hold the Milan market. SPY closes a cycle while the Nasdaq ETF opens a new one.

Cisco stock drops 8.40% after a record quarter: gross margin falls to 66.3% on expensive AI memory. Salesforce, Palantir and Oracle rally. Eni stock and Leonardo stocks slip on the Milan market. SPY closes at a record while our weekly signal on the Nasdaq ETF reverses tonight.

US July inflation lands in line at 3.4% annual and September hike odds drop to 38%: Wall Street closes mixed with the Nasdaq ahead. Technical analysis of CoreWeave up 19.28%, Nebius stock up 34.14%, Cisco stocks near highs, and Eni leading the Milan market on crude.

Crude rises for a fourth session and pushes the US ten-year back above 4.72%: indices give up little while energy and utilities rotate underneath. Technical analysis of Marathon Petroleum up 5.03%, Alphabet stocks paying 3.84% for capex, and the $9.1bn Riot-Anthropic deal.

Hormuz stays shut, crude gains 5% and US energy goes from the week's worst sector to the session's best at plus 4.66%. Technical analysis of Chevron stocks, ExxonMobil stock and Occidental, of the Beijing cap costing NVIDIA stock 2.86%, and of Apple retaking the crown.

The indices move within half a percent while single stocks break apart: 19 moves off the scale in one session, averaging -3.8%. Datadog and AppLovin stocks lose nearly a fifth and Western Digital 13% as semiconductor stocks reset, while Unity stock gains 15% and Banco BPM leads Milan.