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Alphabet’s worst day and Amazon’s cash outflow put AI spending on trial
Alphabet fell 12.6% and pulled the Nasdaq down 1.4% even as most S&P 500 stocks rose. After the close, Amazon reported its fastest AWS growth in nearly five years but a $42.4 billion free cash outflow over twelve months, and its shares fell about 6%.
Investors reward Microsoft’s cash flow and punish Alphabet’s borrowing
The Fed held at 3.75% to 4% with two officials voting to hike, and the 10-year yield closed above 5%. After the bell, Microsoft rose on 48% Azure growth and $18.6 billion of free cash flow, while Alphabet fell about 9% on a profit miss and a second quarter of negative free cash flow.
Chips lift the Nasdaq 1.2% before the Fed and Microsoft and Alphabet report
Details of Anthropic’s planned listing carried chipmakers higher for a third session, and our first test, F-010, held. Brent fell 1.7% on Iran talks, then recovered in Asia. The Fed decides at 14:00 New York; Microsoft and Alphabet report after the close.
AI deals extend the Nasdaq rally as Brent eases on Iran talks
Anthropic’s computing contract with SpaceX and chipmakers’ interest in Meta’s share sale lifted the Nasdaq about 1% for a second day. Brent slipped as Iran kept talking, and Boeing fell 10%.
Anthropic’s filing lifts chips as Brent holds its war premium
Anthropic’s IPO filing quantified AI demand and lifted the Nasdaq about 1%. Brent fell on Saudi-led talks in Tehran, then recovered most of the loss. Spot gold is back above $4,000.
Oil climbs and gold breaks $4,000
Talk of new strikes on Iran pushed Brent to a six-month high and pulled the Dow lower. Gold fell below $4,000, which puts Thursday's gold explanation on the edge of failing its own test.
Shaybah attack lifts Brent as Meta’s spending plans hit the Nasdaq
A drone attack near Saudi Arabia’s Shaybah oilfield took Brent to a five-month high, and Meta’s spending guidance hit tech. Bitcoin and gold also fell; the evidence for those two links is weaker.