Today: 2 July 2026

Ethereum cracks $2,000 as Fed fears deepen crypto sell-off

Ethereum cracks $2,000 as Fed fears deepen crypto sell-off

Ether dipped under $2,000 on Thursday, dropping roughly 9% to $1,946.65. Bitcoin also plunged, sliding about 9.5% to near $67,029 amid a broad sell-off in digital assets. The recent sell-off is linked to worries that if Warsh takes the helm at the Federal Reserve, he’ll tighten financial conditions by shrinking the Fed’s balance sheet. “The market fears a hawk with him,” said Manuel Villegas Franceschi of Julius Baer. CoinGecko data highlights that since peaking in early October, the global crypto market has shed nearly $1.9 trillion.
Nasdaq’s ‘Fast Entry’ Nasdaq-100 Rule Could Rush SpaceX-Scale IPOs Into the Index

Nasdaq’s ‘Fast Entry’ Nasdaq-100 Rule Could Rush SpaceX-Scale IPOs Into the Index

Nasdaq has put forward a “Fast Entry” rule aimed at letting certain new heavyweights join the Nasdaq-100 in just 15 trading days, cutting down the current wait that stretches for months. Timing is crucial. A surge of major IPOs, like Elon Musk’s SpaceX and AI firm Anthropic, is gearing up for 2026. Funds tied to indexes might have to hold back or shell out more once these new entrants join the lineup.
5 February 2026
Google’s $185B AI spending plan spooks Nasdaq as software stocks slide again

Google’s $185B AI spending plan spooks Nasdaq as software stocks slide again

U.S. stocks dropped Thursday as Alphabet’s announcement of a steep rise in capital spending sparked fresh concerns over when AI-driven growth will start turning a profit. By 9:41 a.m. ET, the Dow had slipped 0.56%, the S&P 500 lost 0.51%, and the Nasdaq was down 0.50%. Alphabet’s shares tumbled 2.6%. “The AI trade … is perhaps the extinguisher this year,” said Melissa Brown, managing director of investment decision research at SimCorp. https://www.reuters.com/business/sp-nasdaq-futures-subdued-markets-digest-alphabets-ai-spending-plans-2026-02-05/ The market mood flipped quickly this week. Investors who were upbeat on AI headlines are now focused on budgets—and the threat that smarter tools might undercut the pricing power of established software companies.
Netflix stock climbs as Trump steps back from Warner Bros takeover fight

Netflix stock climbs as Trump steps back from Warner Bros takeover fight

New York, February 5, 2026, 10:29 AM EST — Regular session Netflix shares climbed $1.35, or roughly 1.7%, to $81.51 in morning trading Thursday. This came after U.S. President Donald Trump said he would refrain from intervening in the clash between Netflix and Paramount Skydance over Warner Bros Discovery, leaving the matter to the Justice Department. So far, the stock has fluctuated between $80.50 and $83.27 during the session.
Amazon earnings today: AWS cloud growth under the microscope after Microsoft’s $500B wipeout

Amazon earnings today: AWS cloud growth under the microscope after Microsoft’s $500B wipeout

Amazon.com is set to release its earnings later Thursday, with investors closely watching Amazon Web Services following Microsoft’s sharp retreat, which reignited concerns about a broader cloud slowdown. Since Microsoft’s January 28 report, its shares have dropped 14%, erasing over $500 billion in market value. Catalyst Funds CIO David Miller warned, “If it’s the latter, that could carry over.” Big Tech faces tricky timing. Cloud growth was meant to fund the push into generative AI, yet costs for new data centers and chips keep climbing. Investors are starting to question the returns.
Bitcoin slides under $70,000 as Strategy (MSTR) nears earnings and debt worries flare

Bitcoin slides under $70,000 as Strategy (MSTR) nears earnings and debt worries flare

Shares of Strategy dropped Thursday, weighed down by another dip in bitcoin. The move ramps up pressure on the company’s leveraged exposure to the top cryptocurrency just hours ahead of its quarterly earnings release. By late morning, Strategy had fallen roughly 12% to $113.11, with bitcoin sliding about 9% to around $67,500, according to market data.
Deutsche Börse’s 360T taps Bitpanda for MiCA crypto trading as BaFin scrutiny lingers

Deutsche Börse’s 360T taps Bitpanda for MiCA crypto trading as BaFin scrutiny lingers

Deutsche Börse’s foreign exchange and digital assets arm 360T teamed up with Austrian crypto broker Bitpanda on Tuesday to broaden institutional crypto trading across Europe. The collaboration connects 3DX — 360T’s MiCAR-regulated crypto-asset trading platform — with Bitpanda’s suite of digital-asset services. 360T press release The deal is crucial as European banks and brokers rush to integrate crypto trading into their current setups without running afoul of regulations. MiCAR — the European Union’s Markets in Crypto-Assets Regulation — establishes licensing and conduct standards for companies offering crypto services.
Natural gas price pauses near $3.45 as EIA storage report looms; gas stocks mixed

Natural gas price pauses near $3.45 as EIA storage report looms; gas stocks mixed

New York, Feb 5, 2026, 10:10 EST — Regular session U.S. Henry Hub natural gas futures hovered around $3.45 per million British thermal units on Thursday as traders awaited the Energy Information Administration’s weekly storage update. The market has been volatile since Monday’s 25.7% drop—the largest single-day decline since 1995. Meanwhile, gas flows to the nation’s eight largest liquefied natural gas export terminals averaged 18.3 billion cubic feet per day in February so far, close to December’s record levels. This strong export demand helped counterbalance milder weather forecasts and steady production.

Stock Market Today

  • Intuitive Surgical Jumps $6.9 Billion Ahead of Q2, Still 30% Off January High
    July 2, 2026, 3:03 PM EDT. Intuitive Surgical (NASDAQ:ISRG) rallied 4.7% to $421.42, picking up about $6.9 billion in market cap on July 2 and narrowing some of the losses from its Jan. 7 top. But shares are still about 30% below the January $603.88 high, keeping the valuation gap at $65.6 billion. ISRG trades at 51 times trailing earnings and a forward P/E of 37.3. Consensus price target is $565, suggesting 34% upside. Q2 results land July 16, with focus on procedure volumes and da Vinci 5 installs. Sector names Boston Scientific, Stryker, and Medtronic all posted gains even as tech-heavy Nasdaq QQQ lost 2.3%.
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