Dow Rises 646.26 Points, Nasdaq Falls 60.30 Points
The major averages had a mixed session, with the Dow and S&P 500 rising and the Nasdaq slipping.Renewed concerns over the technology sector weighed on the Nasdaq with Oracle's shares sharply lower after a downbeat forecast and heavy capital spending plans tied to its AI business. This drag on tech names like Nvidia, Microsoft, Broadcom and other AI-linked equities knocked the Nasdaq lower.Looking to commodities, gold prices surged past the $4,300 threshold. Oil prices, meanwhile, closed sharply lower following the release of EIA natural gas storage data.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Disneyannounced awith Microsoft-backedOpenAI and is making a $1B equity investment in the ChatGPT makerOraclereportedand reiterated its FY26 revenue guidanceCoca-Colanamed Henrique Braun to succeed James QuinceyCienareported better-than-expectedDoorDashand Uberhaveseeking to overturn a New York City law that requires delivery platforms to ask consumers to tip at checkout, instead of after the delivery2. WALL STREET CALLS:Visato Buy at BofAUnityto Buy at BTIG and to Overweight at Piper SandlerAlconto Underperform from Buy at BofAPayPalto Neutral at BofARokuto Buy at Jefferies, added to Best Idea List at Wedbush3. AROUND THE WEB:Applehas lost an appeals ruling in its fight with Epic Games over the App Store,Nvidiais planning a summit on data center power problems,SK On has decided to end its joint venture with Fordfor their joint battery factories in the U.S. as part of a business overhaul to focus on growth areas like energy storage systems,Googleis set to be hit by a large EU fine by the end of the year if it does not do more to ensure its app store complies with EU rules aimed at access and competition,Cal-Maine Foodsis producing record profits, and its shares are poised to appreciate by almost 20%,4. MOVERS:Planet Labsincreases afterand raising its guidance for FY26Gerongains after announcing aand plans to reduce one-third of its workforceGeminihigher after receiving afrom CTFCT1 Energyfalls after offering to sellUr-Energylower after filing to sell5. EARNINGS/GUIDANCE:Freight Technologiesand lowered its guidance for FY25Lovesac, with EPS lower year-over-yearManchester United, with CEO Omar Berrada commenting, "These robust financial results reflect the resilience of Manchester United"Hooker Furniture, with EPS and revenue lower year-over-yearElectrovaya, with EPS and revenue beating consensusINDEXES:The Dow rose 646.26, or 1.34%, to 48,704.01, the Nasdaq fell 60.30, or 0.25%, to 23,593.86, and the S&P 500 advanced 14.32, or 0.21%, to 6,901.