The Nasdaq’s still partying thanks to Big Tech, but not everyone got the invite. Tesla tripped on robotaxi hype, crypto’s shaky footing gets shakier, and the Fed’s in “wait and see” mode.
You know the drill: real moves, real stories, skip the noise.

Let’s get into it:

The S&P 500 and Nasdaq ended higher today, powered once again by AI optimism. Nvidia led the charge with a 2.5% gain, while Microsoft and Amazon posted solid green. Alphabet also climbed, as Google announced new Gemini AI upgrades and expanded Cloud partnerships.
In short: the Magnificent Seven (minus one) are still pulling the market.

Tesla closed down nearly 4% after a rocky earnings call and growing skepticism about its robotaxi pivot. Analysts aren’t sold on Elon’s “show me in August” approach. Meanwhile, BYD, Tesla’s top rival in China, just unveiled new ultra-affordable EVs that could undercut Tesla globally.
The market’s message? More delivery, less drama.

Bitcoin slipped under $67K, and Ethereum dropped 3%, despite ETF buzz. The SEC delayed a decision on key Ethereum ETFs again, pushing back hopes of short-term price movement. XRP also fell 7% after an appeals court allowed the SEC to continue its case against Ripple.
This wasn’t the kind of “regulatory clarity” traders were hoping for.

The Fed’s July meeting minutes hinted at caution, not rate hikes. Inflation is cooling, but not fast enough. Traders now price in just one cut by December. Translation? The Fed wants more data before moving, and markets are just fine with that for now.

Big Tech’s still the market’s backbone. Tesla’s wobbling, crypto’s still playing defense, and the Fed’s watching quietly from the sidelines.

See you tomorrow.