Market explainer · After the open

US stocks are lower; Energy leads while Technology lags sharply

  • S&P 500-1.5%
  • Nasdaq 100-3.0%
  • Dow-0.7%
  • Russell 2000-1.4%

Nasdaq dives as Amazon and Intel earnings fuel a tech rout, per Yahoo Finance and Business Insider.

LeadingEnergy +1.6%Consumer Staples +1.4%Health Care +0.9%
LaggingTechnology -4.3%Consumer Discretionary -0.9%Industrials -0.8%

A blockade choking Iranian barrels puts a bid under crude and the energy complex, and the tweet says strikes are still on the table after the election.

US DISCUSSES IRAN BLOCKADE AS POST-ELECTION STRIKES REMAIN POSSIBLE US officials say yesterday's high-level meeting focused on economic pressure against Iran rather than military strikes, according to Axios reporter Barak Ravid. 🔸 More than 20 officials attended the meeting.
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Private money is still marking AI compute higher: a $40 billion tag on Fluidstack sets a fresh private benchmark while listed neocloud names trade well off their highs.

REPORT: Leopold Aschenbrenner's AI hedge fund Situational Awareness is raising money from investors to invest in neo-cloud startup Fluidstack at a $40B valuation https://t.co/B2JZ4GHAHX
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Reddit Pulser/inheritance
Can someone explain this life estate like I'm 5?

The above is the reason you will not inherit the house if your Dad dies first. And if she dies first, you’re sharing the house equally with her son. Apparently Dad isn’t reading or thinking. Or he is lying to you.

An enhanced life estate deed signed for $10 lets the surviving spouse sell the house outright and keep every dollar, and it quietly added her son as a co-heir. Attorneys in the thread say the named heirs can also be removed later without their signature.

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APPSDigital Turbine
Regular session
$8.93
-12.45%open $10.20

Digital Turbine is down 12.5% to $8.93 an hour after announcing a delay to its Q2 earnings report. On a $1.1 billion market cap, a postponed report leaves investors with no numbers to anchor to until it lands.

Biggest movers · On the open
  • REGNRegeneron$914.2+11.7%
  • AZNAstraZeneca$186.72+7.1%
  • TAKTakeda Pharmaceutical$21.21+6.0%
  • GILDGilead Sciences$174.95+5.6%
  • MDLZMondelez International$65.63+5.0%
  • INTCIntel$65.27-29.1%
  • APPSDigital Turbine$9.26-12.4%
  • MSTRStrategy$125.22-11.6%
  • DOCNDigitalOcean$89.25-10.7%
  • DDOGDatadog$238.8-10.2%

Intel opened down 29%, a one-day drop of a size this name almost never posts, while the top of the board belongs entirely to pharma, led by Regeneron. Four of the five biggest decliners fell by double digits.

Reddit Pulser/personalfinance
Am I just stuck with this money order?

> I talked to the local post office yesterday and they don’t have the cash to cash it out So talk to the manager/postmaster about them getting the cash to cash it out

A $500 money order, an entire paycheck, became uncashable the moment a landlord stamped the back of it to fix their own accounting error. The thread's lesson: a stamped endorsement kills negotiability, and no tenant owes extra money for management's bookkeeping mistakes.

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