Dow Jones Rises 484.90 Points to Close at 49,462.08
The major averages closed broadly higher for the second day in a row, with the Dow up more than 500 points as blue chip stocks appear to be creating a strong lift. Amazon rose, while other AI-related stocks also closed higher amid dozens of major announcements in the space at this year's Consumer Electronics Show. Still, some reluctance remains from traders as they await fresh near-term catalysts, especially as they look ahead to key economic data including employment reports later this week.Looking to commodities, gold prices were higher once again, with the "safe haven" asset inching toward the $4,500 mark. Oil prices were fractionally lower, meanwhile, ahead of this afternoon's API crude numbers.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidialaunched the, comprising six new chips designed to deliver "one AI supercomputer"VistraCogentrix Energy for $4BMicrochipraised its, with CEO Sanghi expecting a "fairly broad-based recovery" in most of the company's end marketsOneStreamby HG for $24 per share in cashElon Musk's xAI raised $20B in an, with Nvidiaand Ciscoparticipating in the round2. WALL STREET CALLS:Brinkerto Buy at UBSDeutsche BankShake Shackto Buy on early 2026 catalystsCore Scientificto Buy at BTIGShopifyto Peer Perform at Wolfe Research amid high expectationsChevronand Exxon Mobilto Sell at Freedom Capital3. AROUND THE WEB:Metahas named C.J. Mahoney as chief legal officer, Axios reportsEli Lillyis in advanced talks to acquire Ventyx Biosciencesfor more than $1B, WSJ reportsIntelsaid it intends to launch an "entire handheld gaming platform with Panther Lake" chips later in 2026, Verge reportsKKR, Warburg Pincus, and EQT Partners are among the bidders looking to acquire TPG's Southeast Asia school business, WSJ reportsEniand Repsolhave supplied Venezuela with gas and naphtha for several years, which were used to dilute the country's heavy oil for transport, but the companies are struggling to recover payments of about $6B from the country and are facing indifference from U.S. officials, FT says4. MOVERS:Alumsincreases after announcing Phase 3 trial of envudeucitinibTerrestrial Energygains after executing anwith the U.S. DOE for Project TETRAAevahigher after its Frequency Modulated Continuous Wave 4D LiDAR technology has beenDRIVE Hyperion autonomous vehicle reference platformStaar Surgicallower after announcing its intention towith AlconSoFi Technologiesfalls after BofAof the stock with an Underperform rating5. EARNINGS/GUIDANCEAngioDynamics, with CEO Jim Clemmer commenting, "We delivered an excellent second quarter"Trinity Industriesraised itsNewton GolfprovidedJFB Construction, with CEO Joseph Basile, III, commenting, "Our growth in 2025 represents ongoing projects in several key business verticals"Energy Transfer LPprovidedINDEXES:The Dow rose 484.90, or 0.99%, to 49,462.08, the Nasdaq gained 151.35, or 0.65%, to 23,547.17, and the S&P 500 advanced 42.77, or 0.62%, to 6,944.82.
