
Hey, here’s the real story for today.
Wall Street bounced back as Alphabet avoided antitrust penalties, crypto regained lost footing, and ConocoPhillips announced deep job cuts, reminding markets that optimism lives alongside caution.
Alphabet Leads Tech Resurgence
Tech stocks surged, lifting the S&P 500 +0.5% and Nasdaq higher, while the Dow slipped slightly. Alphabet was the standout, rallying after dodging major antitrust rulings, setting the tone for renewed investor confidence.
Crypto Markets Catch Their Breath
Crypto held steady with a mild uptick, Bitcoin hovered around $110K, while altcoins showed mixed results. Liquidity flows rebounded, and institutional interest in Ethereum continued to grow, reflecting a shift toward stabilization rather than panic.
ConocoPhillips Cuts Deep
In energy, ConocoPhillips announced workforce reductions of 20–25%, triggering a pullback in oil and gas names. The move underscores ongoing pressure in energy margins despite broader market strength elsewhere.
Final Word
Today was about balance: Tech took the lead on fresh optimism; crypto tiptoed back toward calm; and cuts at ConocoPhillips brought back some dose of real-world cost control. As we head into a packed fall season, jobs data, Fed signals, and earnings ahead, keep your eyes wide open.