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US stocks hit record highs as upbeat company forecasts and a broad rally fueled investor optimism, extending the momentum surge across Wall Street.

SpaceX shares are declining after the company released its first earnings report since going public, and Wall Street is reacting cautiously.
Michael Burry says markets may be nearing a major top, warning that a crash similar to 1987 could be possible.
Oppenheimer argues Walmart’s strong investor confidence may leave limited room for additional share-price gains.
AMD’s upcoming earnings are being viewed as an important test for chip stocks and the broader momentum trade.
Jeff Bezos has filed to sell about $4 billion worth of Amazon shares, and the stock is moving lower on the news.
Dividend-paying stocks outperformed the S&P 500 in July, and analysts think some of these names could keep rising.
JPMorgan has highlighted several of its preferred stock picks as trading in August gets underway.
Katie Stockton says Church & Dwight stands out as an attractive low-beta consumer staples stock.
Commentators say the market has been performing well, while Larry Kudlow argues the U.S. economy is booming and delivering a strong message.
Wall Street is rallying on upbeat company guidance, record highs, and strong earnings from names like Eli Lilly, Arista, Shopify, and Uber, while investors also keep an eye on geopolitical, tax, housing, and retail headlines.

Hong Kong stocks rose 62 points to 25,915 as gains in gold miners and PCB shares offset HSBC’s continued weakness, while HSBC also announced it will start a share buyback plan tomorrow.

Cainiao launched a “global three-day delivery” service, enabling point-to-point shipping within three days across 15 core cross-border routes.
In Hong Kong property news, a large “Mansion Gate” unit at Arch in Kowloon Station is being sold vacant, with an asking price of HK$145 million.
HSBC appointed a broker and will begin a share buyback program starting tomorrow.
Cathay Pacific remains cautiously optimistic about passenger and cargo demand in the second half, but expects oil prices to stay elevated this year.
Reports say Apple failed to pressure prices down and did not add ChangXin Technology to its DRAM supply chain.
China’s Ministry of Commerce said China’s countermeasures have been restrained overall, but additional retaliation will follow if the U.S. introduces more restrictive measures.
Yunxiang Technology expects its 2025 net loss to narrow to no more than RMB 60 million.
Stone Shandong and AstraZeneca have formed a joint venture to build a manufacturing base in Shijiazhuang.
Brilliance China issued a profit warning, saying first-half net profit could fall by as much as 56%.
Hong Kong stocks closed higher, with the Hang Seng Index up 62 points, helped by strong gains in gold miners and PCB stocks, while HSBC extended its decline.

Japan’s benchmark stock index surged on hopes of easing Middle East tensions, while the government also approved a historic two-year cut in food-related consumption tax to 1%.

Japan’s Finance Ministry was effectively defeated after the Cabinet approved a cut in the consumption tax on food and beverages, despite strong resistance from officials.
The reduced tax rate is set at 1% for food and drinks, marking the first consumption tax cut since the system began in 1989 and limiting the measure to two years.
There are concerns that restaurant prices may feel relatively high under the new tax rate, and farmers could also be hurt, so the government is considering countermeasures.
The government did not comment on remarks by U.S. Treasury Secretary Bessent, while expectations for further Bank of Japan interest-rate hikes remain in focus.
Minutes from the BOJ’s June policy meeting showed multiple members favored continuing interest-rate increases.
The Tokyo stock market surged, with the Nikkei posting a large gain as investors expected tensions in the Middle East to ease and AI-related stocks rose sharply.
SBI Shinsei Bank signed agreements with 14 regional banks to build a framework that makes it easier to participate in large-scale financing deals.
Honda raised its net profit forecast for the fiscal year ending March 2027 to 400 billion yen, helped by strong motorcycle sales and a weaker yen.
Major automakers reported higher profits, with several benefiting from yen depreciation and relief from some tariff-related burdens.
Following the bankruptcy of Zentoshin, concerns are spreading among restaurants and bars in the entertainment district, while the bankruptcy trustee is adjusting payments after some terminals continued operating and generated sales.

Bitcoin lagged global equities as stocks hit record highs, with BTC repeatedly stuck below $64,300 and failing to keep pace with the broader market rally.

The $120 million Coldcard hack has raised fresh concerns about Bitcoin wallet security and self-custody risks.
Coldcard’s security breach is prompting calls for a broad overhaul of self-custody protection practices.
Bitcoin has lagged global stocks, which have reached record highs while BTC remains stuck near $64,000.
Bitcoin bulls are facing pressure as the market struggles to break through repeated resistance around $64,300.
Some analysts say a possible AI-driven credit bubble could shape Bitcoin’s next major move, with extreme upside scenarios discussed.
Bitcoin’s long-term bullish “500-day rule” is now being tested more severely than before.
Market commentary suggests Bitcoin’s current chart setup is one of the weakest signals for bulls right now.
Ethereum may see a major supply change if staked ETH rises enough to trigger a proposal that could cut issuance to zero.
BlackRock lowered trading costs for its Ethereum ETF, which could strengthen competition and support ETH market demand.
Regulatory and institutional developments, including the CLARITY Act and Ripple’s new investments, continue to shape the broader crypto market.

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