S&P, Dow at records in tech-fueled rally; investors await SpaceX’s first earnings

SpaceX will report its first quarterly earnings as a listed company after Tuesday’s market close, with investors closely watching its AI business, capital spending plans and Starlink growth. The results come just ahead of a major insider lock-up expiry, adding to uncertainty around the stock.

Foreign investors bought Indian financials worth over fourteen thousand crore rupees. This marked their highest purchase in financials during the second half of June. Overseas investors became net buyers of Indian equities after significant earlier outflows. Global index rebalancing and value purchases boosted renewed investor appetite for financials. Financial services and infrastructure sectors are expected…

Amazon’s market value surpassed three trillion dollars for the first time. This milestone places Amazon among only five companies ever to achieve such a valuation. The company’s shares surged significantly after strong second-quarter earnings reports. Accelerating cloud-computing revenue eased investor concerns about artificial intelligence spending. Amazon’s stock now leads the Magnificent Seven group in performance…