The Nasdaq fell 1.25% as the AI trade stumbled following OpenAI revenue setback, while broader market weakness reflected rising yields and surging oil prices. The S&P 500 declined 0.47% to 7,765.36 and the Dow Jones added 51.77 points, or 0.1%, to end at 51,231.64.
→ Tomorrow's earnings calendar: Constellation Brands (STZ) surged after beating Q2 revenue estimates; Penguin Solutions (PENG) surged 13.1% on strong Q4 results—more earnings ahead
→ Trump statement that US won't attack Iran before midterms steadied oil off session highs—watch for any geopolitical escalation or clarification that reshapes energy risk premium
→ Market internals: Decliners outnumbered gainers 2,973 to 1,124—breadth weakness persists; monitor for any stabilization signal after today's selloff