Markets Cool, Earnings Mixed, Oil Rises | Sydney News

Wall Street cooled off after a strong week, with the S&P 500 and Dow Jones dipping from record highs while the Nasdaq held firm—something investors should expect as August often brings market turbulence. Earnings reports delivered mixed results: Warner Bros. Discovery and Molson Coors soared on better-than-expected numbers, while Honeywell Aerospace and AppLovin plummeted due to disappointing results. Oil prices surged again amid global supply concerns, pushing up inflation fears and squeezing consumer budgets. SpaceX shares hit the open market after its lockup expired, adding fresh liquidity, while Treasury yields edged higher. The big question remains: Is the jobs market slowing? Recent data hints at easing hiring momentum, with rising unemployment claims and slower June job growth—July’s report will be critical to gauge the economy’s true direction. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/24ee8f9b5647aae2