{"id":20016,"date":"2025-07-18T22:26:12","date_gmt":"2025-07-18T22:26:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/20016\/"},"modified":"2025-07-18T22:26:12","modified_gmt":"2025-07-18T22:26:12","slug":"block-soars-on-news-its-joining-the-sp-500","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/20016\/","title":{"rendered":"Block soars on news it\u2019s joining the S&P 500"},"content":{"rendered":"

S&P 500 goes nowhere with earnings season set to pick up steam<\/a><\/p>\n

The S&P 500 and Nasdaq 100 ended fractionally lower while the Russell 2000 fell 0.6% in a ho-hum end to the week.<\/p>\n

Volatility seems to have gone on vacation for the summer. The S&P 500 has traded in a weekly range of less than 2% in each of the past three weeks, the first time it\u2019s done that this year.<\/p>\n

Utilities was the only S&P 500 sector ETF to end with a gain of more than 1%; energy, healthcare, and communications services were the biggest decliners.<\/p>\n

Gains were led by Invesco, which jumped 15% after the investment management firm told the SEC that it\u2019s seeking permission<\/a> from owners of its Invesco QQQ Trust to change the fund structure. Elevance Health was among the decliners, falling 8% after disappointing Q2 results<\/a> and signaling uncertainty around the future of ACA enrollment. Centene and Molina Healthcare also dropped 4% and 10%, respectively.<\/p>\n

Charles Schwab shares rose about 3%, hitting a record high, after relentless retail trading<\/a> activity throughout the tariff-infused volatile second quarter helped drive better-than-expected results.<\/p>\n

Both Coinbase and Robinhood reached record highs after the House passed two critical crypto legislative bills<\/a> focused on stablecoins and market structure oversight. <\/p>\n

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)<\/p>\n

Shares of online real estate company Opendoor were up 36%, continuing its rally<\/a> after call volumes set a new daily record for the fourth straight session, nearly eclipsing 1 million. <\/p>\n

Tiny AI company Blaize jumped more than 50% after announcing a $120 million deal<\/a> to deploy its platform in Asia \u201cfor smart city applications.\u201d<\/p>\n

Netflix shares fell 5% a day after reporting a Q2 beat and receiving a wave of analyst price target hikes<\/a>, as investors reacted to the company\u2019s warning that second-half margins would be lower than the first half.<\/p>\n

Sarepta shares sank 36% after reports that the FDA plans to halt all shipments<\/a> of the company\u2019s top-selling drug following a second patient death link to its experimental gene therapy.\u00a0<\/p>\n

Exxon shares fell 3.5% after rival Chevron won a ruling<\/a> that gives the company access to one of the world\u2019s fastest-growing offshore oil regions, allowing Chevron to close its $53 billion acquisition of Hess. Chevron shares dipped down less than 1%.<\/p>\n

Talen Energy, a power provider for hire with a focus on selling juice to the booming AI data center industry, jumped nearly 25% after announcing the purchase<\/a> of two gas-fired power plants.<\/p>\n","protected":false},"excerpt":{"rendered":"S&P 500 goes nowhere with earnings season set to pick up steam The S&P 500 and Nasdaq 100…\n","protected":false},"author":2,"featured_media":20017,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,112],"class_list":{"0":"post-20016","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/20016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=20016"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/20016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/20017"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=20016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=20016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=20016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}