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RECORDS SHATTERED! WALL STREET GOES WILD!
S&P 500 SOARS—FIVE ALL-TIME HIGHS IN A WEEK!
Hold onto your hats, folks! Stocks are flying high on Wall Street! The S&P 500 just scored a massive 0.4% jump this Friday, marking its FIFTH all-time high this week alone! And it’s not stopping there! The Dow Jones added 0.5% to the excitement, while the Nasdaq saw a sweet 0.2% boost, keeping its record-smashing streak alive!
DECKERS DELIVERS—UGGs AND HOKAS ON FIRE!
In a stunning twist, the spotlight is on Deckers, the powerhouse behind those cozy Ugg boots and trendy Hoka shoes! They CRUSHED expectations with a jaw-dropping 11.3% increase in shares after revealing profits and revenue that blew analysts out of the water! With sales skyrocketing nearly 50% outside the U.S., these stylish comfy shoes are taking the world by storm!
INTEL TAKES A NOSE-DIVE! 8.5% PLUMMET!
But not all is rosy on the trading floor! Intel faced a brutal 8.5% drop after announcing it would dump THOUSANDS of jobs in a desperate bid to turn its sinking ship around! This once-mighty chipmaker reported a devastating loss while everyone was expecting big wins. With rivals like Nvidia and AMD breathing down its neck, Intel is in a fight for survival!
WALL STREET ON THE EDGE—MARKETS WAIT FOR TRUMP AND THE FED!
The pressure is mounting! Companies are under the microscope, and they must deliver solid profits to justify these historic stock rallies. The buzz? President Trump is stirring the pot with promises of trade deals that could save the market from disaster! As tensions ease, Wall Street holds its breath for August 1—the next deadline that could shake things up!
Don’t forget—next week’s meeting with the Federal Reserve could send ripples through the economy! Trump’s been pushing for rate cuts like a dog with a bone, but Fed Chair Jerome Powell is playing it cool, waiting for more data before making a move. Will he heed the call, or will the economy feel the heat?
TREASURY YIELDS QUITE STEADY—TRUMP’S GOT HIS EYES ON THE FED!
Meanwhile, in the bond market, Treasury yields aren’t making any wild moves just yet. After Trump backed off some of the heavy threats aimed at Powell, it’s all about whether interest rates will drop!
In international waters, it’s not all smooth sailing—stocks are slipping across Europe and Asia, with Hong Kong and Shanghai taking hits. The global stage is set—can Wall Street keep up its wild ride?
Stay tuned, folks! The drama is just heating up!
photo credit: fortune.com
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