Consumers Are Calming
CLOSING BELL
Consumers Are Calming
The market pulled back some to end another record-setting week. Happy Friday.
Michigan Consumer Sentiment numbers fell after a worrying bump in the summer. Long-term, consumers surveyed are rarely positive. Mortgage rates fell to their lowest numbers since October. Next week might be big: Morgan Stanley sees four rate cuts this year, with ‘more decisive’ action toward a neutral rate, including a 50-point cut on Wednesday.
Today’s News: Friday was filled with IPOs, Covid vaccines are still up for debate, and more. 👀
3 of 11 sectors closed green, with communications $XLC ( ▲ 0.83% ) leading and health care $XLV ( ▼ 1.15% ) lagging.
$SPY ( ▼ 0.03% ) $QQQ ( ▲ 0.44% ) $IWM ( ▼ 1.02% ) $DIA ( ▼ 0.56% )
HEALTHCARE STOCKS
Shots Stocks Fall On Vaccine Deaths Leak
Pfizer $PFE ( ▼ 3.98% ) and Moderna $MRNA ( ▼ 7.4% ) fell Friday after a report from the Washington post found officials intend to include Covid treatments from the companies in a vaccine panel from the Centers for Disease Control as early as next week. The report said officials are planning to show a link between the death of 25 children and the treatments.
$NVAX ( ▼ 3.62% ) fell on the news, a maker of protein-based COVID shots. In a statement to Bloomberg, Moderna said the safety of its Covid vaccine, Spikevax, is “rigorously monitored” by the company, the FDA, and regulators in more than 90 countries.
The committee that presents the panel helps determine who has access to what vaccines and reviews immunization data, CNBC said.
The rumor comes during a trying time for the scientific community, as Health and Human Services Secretary Robert F. Kennedy Jr. has vowed to change vaccine policy, setting limits on new approvals.
Last week, FDA Commissioner Marty Makary said they were intensively investigating Covid shot deaths, according to CNN.
IPO NEWS
Two Big Names Hit The Street
Gemini $GEMI ( ▲ 14.29% ) soared 45% intraday on Friday on its Nasdaq debut amid a flying crypto bull run. Gemini Space Station owns the Gemini exchange, run by the Winklevoss twins. It pulled in $425M selling 15M shares on Friday.
It was a hectic week for IPOs, pulling in $4B. The Nasdaq exchange itself bought up $50M in Gemi.
What’s your vote?
Black Rock Coffee Bar jumped 37% on its Nasdaq debut. Investors are betting coffee drinkers in the U.S. have an appetite for more cafes, despite the inflating costs of coffee.
The company runs 160 locations in AZ and NYC, and wants to add 20% more every year. The company said same-store sales climbed 10% in the first half of the year. Black Rock was founded in 2008 as an Oregon drive-through.
STOCKTWITS COMMUNITY EVENTS
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POPS & DROPS
Top Stocktwits News Stories 🗞️
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Glucotrack surged 144% after securing a $20M equity deal.
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Boeing fell 1.5% as St. Louis strikers rejected a third contract offer.
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FAA launched eVTOL pilot program; Joby, Archer stocks rose.
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Eli Lilly & Novo Nordisk plan 2026 launch of oral obesity drugs.
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Opendoor plunged 13% as Rabois announced major layoffs.
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Tether launched USAT stablecoin, named Bo Hines as CEO.
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IonQ jumped 18% on UK deal clearance.
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Nvidia climbed after rumored UK AI deal talks.
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Adobe fell despite AI earnings beat.
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WLDS surged on patent news.
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Super Micro rose on Nvidia server shipments.
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Links That Don’t Suck 🌐
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