Big Things Happening This Week

• Red across the board. All major indexes closed in the red on Tuesday as stocks fell. A chip stocks sell off including Nvidia and AMD helped to push the sell off after leading semiconductor supplier ASML Holding released downbeat earnings earlier this week. The Dow Jones Industrial Average was down nearly 8%, or more than 300 points, on the heels of closing above 43,000 for the first time.
• A fresh crop of banking earnings came in. Goldman Sachs reported a 45% surge in third quarter profit from a year ago, thanks to a rise in dealmaking while Bank of America posted an earnings beat amid its own outperformance in investment banking.
• Walgreens shares exploded on news. The stock finished the day up around 15% on the heels of its plan to shut 1,200 stores over three years, as the pharmacy chain pursues a turnaround.
• The energy sector took a dive. Oil prices were down roughly 4% on a report that Israel is prepared to refrain from bombarding Iran's crude and nuclear facilities. West Texas Intermediate crude futures went to under $71 a barrel, while Brent crude futures went to around $74.50 following the Washington Post report.
• Trading in Trump Media & Technology Group was halted. The stock (DJT) was briefly halted on Tuesday due to volatility.
• Nvidia shares crumble. The stock closed down 4.5% Tuesday, partially reversing its two week-rally and coming down from a record close the day before.
• Apple shares hit a new intraday high. The stock hit $237.49 on Tuesday, eclipsing its prior record of $237.23 on July 15. 
• United Airlines saw an earnings beat. United Airlines reported third quarter financials on Tuesday that beat on both the top and bottom lines, sending the stock about 1% higher in after-hours trading.
• Boeing shares climbed. The plane maker moves to issue new shares and raise up to $25 billion.
• Intel-backed Horizon Robotics seeks a Hong Kong IPO. The Chinese provider of software and hardware used in autonomous driving systems, is aiming to raise as much as HK$5.4 billion ($696 million) in its Hong Kong initial public offering, in one of the city’s most sizable deals this year.
• Investors await Netflix's earnings. The streaming giant is set to report after the market close on Thursday. 

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"We expect Netflix’s stock to trade higher on a US price hike announcement."

-Citi analyst Jason Bazinet

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Most Active Stocks

• Nvidia (NVDA)
• Walgreens Boots Alliance (WBA)
• Trump Media & Technology Group (DJT)
• Exilixis, Inc. (EXEL)
• SoFi Technologies (SOFI)
• Alphabet (GOOGL)
• KLA Corporation (KLAC)
• Apple (AAPL)
• Hims & Hers Health, Inc. (HIMS)
• Netflix (NFLX)

In the Spotlight

Google Will Build Seven Nuclear Reactors in First Agreement of its Kind

Google is adding nuclear plants to its mix and has partnered with Kairos Power to back the construction of seven small nuclear reactors in the U.S. It’s the first agreement of its kind and the first plant is expected to come online by 2030, the company announced in a blog post. Other reactors will be deployed by 2035. All totaled, the deal will funnel 500 megawatts of power to the company’s AI technologies.

Trump's Crypto Platform Had a Rough Start

Former US president Donald Trump's cryptocurrency platform had a disappointing launch on Tuesday with only a fraction of its digital tokens that went on the market finding a buyer. Roughly 20 billion digital tokens, priced at 1.5 cents each, were offered by the company -- a total value of $300 million -- but just three percent had been purchased by Tuesday evening.