Market Dynamics & Financial Performance - S&P 500 attempted to push for a fifth straight day of gains, notching its first record high in 10 weeks [1][4] - Multi-strategy hedge funds maintained diversification across strategies, geographies, and directionality, with assets exceeding 5 trillion dollars [13] - Broad hedge fund industry returns showed overall declines last month, with Millennium down about 2% and Verition down 1% to 2% [8][9] Corporate Earnings & Media Business - Walt Disney reported a 64% jump in profit for its entertainment division, with the company on track to spend 24 billion dollars on content this year [26][27] - Expedia reported quarterly revenue of 4.32 billion dollars, with full-year revenue guidance raised to a range of 16.05 billion dollars to 16.22 billion dollars [119][121] - SanDisk reported fiscal fourth-quarter revenue of 8.97 billion dollars, up 5% sequentially, alongside an additional 14 billion dollar share buyback authorization bringing total authorization to 15.5 billion dollars [136][140] Semiconductor & Technology Supply Chain - Western Digital reported net revenue of 3.7 billion dollars and an adjusted earnings per share of 3.56 dollars, with first-quarter revenue expected between 4 billion dollars and 4.2 billion dollars [130][131] - Quantum computing companies like PsiQuantum are building utility-scale systems with operational sites in Australia and Illinois targeted for 2027 [64][65][66] Biopharmaceutical & Healthcare Sector - Eli Lilly raised its full-year revenue forecast and beat sales estimates, driven by strong performance from Mounjaro and its obesity treatment Zepbound [79][80]

I'm Peter Shaknau, CNBC. An early rally faded on Wall Street, but the stock market still managed to set a few records during the Wednesday session. The Dow gained 263 points to close at 54,349.That is a record high. The S&P 500 lost 13 points or 210 of a percent, but did set a record intraday high earlier in the session. The Nasdaq fell 8/10en of a percent or 221 points, breaking a 4-day win streak.Still, there are positive factors underlying the market. Optimism that the straight of hormuz will soon be ope ...

Back to all time high as it is 30 minutes ago until the start of trading. I'm Dani Burger and I'm Michael McKee. Bloomberg.Open interest starts right now. Coming up on the show, the S&P extends its winning streak even as sky high eye spending since space Ken Griffin Citadel is already cashing in on its bargain bet on situational awareness and Wall Street banker bonuses are set to climb yet again as volatile markets boost profits. Speaking of those volatile markets, let's look at space now.It is down 11.3% i ...

The company smashed estimates for the quarter and hiked its revenue outlook once again. It now expects sales of 85 billion to 87 billion, up from a previous outlook of 82 billion to 85 billion. Sales jumped 48% this quarter thanks to higher demand for Zepbound and Munjaro, which helped offset those lower prices of those treatments in the US.And Munjara almost topped 10 billion in sales for the first time. And we're seeing strong demand for that drug internationally. One thing I'll highlight is that this is ...

And I think the best news here about the oral category is it's really expansionary. It's not cannibalizing Zepbound. In fact, Zepbound actually accelerated during these oral launches uh with new starts and our and our market share there.So, um I think the big concern last year from the street was how much growth could there be. Uh is this just a business where people going to cycle on and off the therapies. Is it limited by insurance.I think what we're seeing in the first half of this year and with Lily's r ...

Eli Lilly raised its 2026 sales guidance after it reported far stronger second-quarter demand than analysts estimated for its weight-loss and diabetes drugs https://t.co/YRTveVO8XX ...

Stocks are higher in the early going after the Dow and S&P 500 both closed at record highs yesterday and they have reached intraday record highs already today. The average is aiming to extend their winning streaks to 5 days. The Dow Jones Industrial Average is up 453 points at 54,538.The Nasdaq Composite with a 114 point gain and the S&P 500 jumping 48 points. Among stocks on the move this morning, SpaceX down more than 11%. Elon Musk's rocket and internet company did see its quarterly revenue nearly double ...

[music] This is Guru Focus first look, your morning market brief for Wednesday, August 5th. Here are the stories driving markets today. SpaceX shares dropped 12% after the company's first earnings report revealed significant investments in artificial intelligence, raising investor concerns about rising costs.The report highlighted that the private space firm is channeling substantial resources into AI development which has weighed on its valuation in the secondary market. The move comes as the broader techn ...

Eli Lilly reported higher net income and revenue in the recent quarter, fueled by continued surging demand for its GLP-1 weight-loss drugs. https://t.co/7EBhfBVKEe ...

CVS Health said it will revamp its weight management program through a partnership with Eli Lilly as the company lifted its full-year outlook and reported a nearly threefold increase in its second-quarter profit. https://t.co/iHsJaxbnTl ...