Chip stocks carried Wall Street again as the Fed meeting opened
Broadcom's $63 billion Anthropic financing lifted chips for a second day while most stocks slipped. UPS raised its outlook, JetBlue jumped, Boeing fell, and the Fed decides Wednesday.
Real insight from the people actually doing the work: operators, engineers, and leaders across 17 B2B industries.
The S&P 500 closed up 0.6% and the Nasdaq 1.2% as chips rose a third day while most stocks fell. WTI settled under $100 on Iran diplomacy. The Fed decides Wednesday.
Anthropic filed its S-1 on Monday to list on Nasdaq as ANT. The filing shows $16.3 billion in first-half revenue, an $80.7 billion net loss, and an unusual lockup.
Boeing told investors the 737 rate of 47 a month slips to early 2027 and the 500-jet delivery goal is out of reach. Shares fell about 9% on a record $745 billion backlog.
Aldi is headed for 3,200 U.S. stores by 2028, matches or beats Walmart on price, and is forcing Kroger and others to cut. Planet Money explains how the model works.
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