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U.S. stocks are extending their record-breaking rally, with the S&P 500 hitting fresh highs as strong corporate profit margins and upbeat earnings keep driving the market higher.

The recent earnings season delivered one major overarching insight that is shaping market sentiment.
Sandisk has surged sharply, and analysts are discussing options strategies to turn that strength into income.
The stock market is still hitting record highs, with Bank of America saying only two things could derail the rally.
Wall Street is finding some support for software stocks amid speculation around a possible Workday deal.
JPMorgan believes Sandisk’s more than 500% year-to-date gain may not be finished yet.
Wayfair’s recent rally has been strong, and Bernstein thinks the momentum could continue.
Charts suggest the stock market’s climb is being powered by record-high profit margins.
Market watchers say the next trading session could be driven by several major stock stories and fresh catalysts.
Commentary around the new S&P 500 record reflects strong optimism about the economy and investor confidence.
Other notable market themes include retail weakness, major hedge fund portfolio moves, AI competition, defense and government contract news, and ongoing speculation in EVs, quantum computing, and crypto-related sectors.

Hong Kong stocks fell sharply as the Hang Seng Index dropped 279 points, with JD.com plunging 10% amid broad market weakness while SMIC rose nearly 5% against the trend.

Nomura said Kingdee’s AI-native products are commercializing faster, but cut its target price by nearly 36% to HK$11.87 while keeping a “Buy” rating.
Nomura lowered Tencent’s target price to HK$695, saying a sharp rise in AI spending should be viewed as a strategic positive.
Nomura raised Lenovo’s target price to HK$45 and maintained a “Buy” rating.
Bank of America Securities cut JD Health’s target price to HK$57 after its first-half profit beat expectations.
JPMorgan lifted Microsoft’s target price to US$625, citing faster growth driven by AI infrastructure and Copilot.
Hong Kong’s government raised its full-year economic growth forecast to 3.5%–4.5%.
Mainland China’s July money and credit data were mixed: new RMB loans and M2 growth were slightly below expectations, while total social financing in the first seven months came in above forecasts.
SMIC reported strong second-quarter results, with revenue up 36.1% year on year and net profit up 261.7%, while gross margin improved by five percentage points quarter on quarter.
China Mobile reported first-half revenue and profit declines, but its AI-related computing and smart services already accounted for 22.6% of core business revenue.
AI and semiconductor themes remained strong: DeepSeek announced API price hikes, open-sourced its Harness developer preview, and the market continued to see heavy investment and rising demand across the AI hardware and compute chain.

Tokyo stocks rose for a second straight day, with the Nikkei briefly topping 69,000 as investors bought AI and other tech shares on the back of firmer U.S. markets.

Regional banks in Japan saw strong earnings in the April–June quarter, with about 80% increasing profit as higher Bank of Japan rates boosted lending income, though three banks fell into the red due to Tobisato Shin-related impacts.
JBIC will provide 700 billion yen in financing for a second U.S. project, supporting a gas-fired power generation business in coordination with a major American company.
The Tokyo stock market extended gains, closing up 405 yen at 68,713 yen, lifted by higher U.S. markets and buying in technology shares.
Resona is offering same-day funding to small and midsize businesses by using AI to speed up low-cost screening and purchasing accounts receivable.
The yen traded in the upper 159-yen range against the dollar, with continued pressure from a weak yen still seen as strong.
Tokyo stocks rose further and briefly recovered the 69,000 level, as stronger U.S. equities encouraged purchases of high-tech stocks.
The New York yen market stayed around the mid-159 range and lacked direction as fading expectations of U.S. rate hikes clashed with attention to the Japan-U.S. interest-rate gap.
U.S. stocks rebounded for the first time in four sessions, rising 69 dollars as easing rate-hike expectations reduced worries about an economic slowdown.
Skylark plans to expand ghost restaurants focused on delivery and takeout to respond to a possible consumption tax cut.
Other major headlines include marriage-promotion events featuring a shoebill stork at Ueno Zoo, profit growth at three major beer makers, rising rice prices, strong outlooks for Asics and listed-company earnings, Chinese price competition in air conditioners, and recovery efforts after earthquakes and heavy rain disruptions.

Bitcoin fell back toward $63,000 as U.S. inflation failed to lift prices and ETF flows turned negative, while MSCI’s proposed exclusion of Strategy added fresh pressure on crypto markets.

MSCI is weighing a proposal that could exclude companies like Strategy and Metaplanet from key stock indices because of their heavy Bitcoin exposure.
Bitcoin has weakened recently, falling back toward $63,000 as bullish momentum fades and ETF flows turn negative for the first time in August.
Market anxiety appears to be easing across multiple asset classes, including Bitcoin, stocks, gold, and bonds.
Strategy’s approach is under scrutiny, with critics arguing that MSCI should track markets rather than influence how corporations manage their assets.
Israeli lender Leumi is reportedly preparing to offer crypto trading services through Galaxy, signaling broader banking participation in digital assets.
Trump-linked crypto and prediction-market projects are facing setbacks, including a delayed token sale tied to a Maldives resort and a canceled Truth Predict product.
Polymarket is encountering regulatory and banking pressure, including a reported shutdown of its banking relationship by JPMorgan and a sharp drop in CLARITY Act odds.
Crypto fundraising is facing more uncertainty after the SEC delayed a vote on exemptions that could have helped token-related capital raising.
RedotPay has reportedly put its planned $1 billion U.S. IPO on hold, suggesting weaker near-term appetite for crypto-fintech listings.
Price outlook remains mixed for major cryptocurrencies, with analysts and AI models debating whether Bitcoin can hold $63K to $64K and whether XRP can stay near $1.

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