Major US indexes fell as hopes for a US-Iran deal faded and oil prices surged, with the Dow dropping over 400 points intraday before closing lower.

The AI cloud provider beat revenue and earnings expectations and raised its year-end active power target to more than 1.85 GW, though it carries $35 billion in

US crude climbed as much as 3% after President Trump demanded Iran pay reparations and Tehran refused, heightening supply disruption fears.

The server maker impressed Wall Street with a profitability improvement trajectory and a forecast that exceeded analyst estimates.

Intel upsized its share sale to $20 billion to fund its AI comeback, with the stock rally helping to finance the turnaround.

Wall Street endorsed Nvidia's concept of using GPUs as long-term collateral to unlock massive funding, though chip depreciation and China risk loom.

Markets await July consumer price index data for clues on whether the Fed will hike rates again, with odds near 51%.

Lumentum posted a 109% revenue surge and an upbeat forecast, though a large loss offset the earnings beat.

Cleveland Fed President Beth Hammack signaled more tightening may be required as inflation remains a primary concern.

Brad Lightcap announced his departure to start something new, the latest in a series of recent exits at the AI lab.

Federal dollars in the two health insurance programs would no longer go toward gender-affirming care, though states could still cover the treatments.

Bitcoin miner Riot Platform shifts focus to AI infrastructure with a massive compute deal, reflecting the broader trend of crypto miners pivoting.

The exchange partners with Silicon Data to introduce two compute futures contracts on Oct. 5, pending regulatory review, making AI compute tradable.

JPMorgan strategists boosted their S&P 500 target for 2026, citing that AI capital expenditure is beginning to yield results.

The deal aims to avoid future global automotive supply chain disruptions following years of industry-wide shortages.

New York Fed data shows credit card balances rising midyear with homeowners increasingly using home equity to manage debt.

Lack of clarity around Oracle's future AI spending plans is keeping investors on the sidelines, according to analysts.

The Apple executive in charge of Pay and Wallet services is departing, marking a leadership change in a key services business.