Applied Materials led a chip-equipment rebound, implying stronger orders for its tools. Rising bond yields could slow spending, but the equipment bounce dominates here.
Stronger demand for chip equipment supports Applied Materials' sales and bookings for coming quarters. Rising Treasury yields and weaker broad indexes could slow spending, but the article points to a clear equipment-led rebound.
Coinbase jumped on the SEC tokenization exemption, suggesting higher trading volumes and fee income for its exchange business.
Robinhood rose on stronger fee growth prospects from its Robinhood Chain and expanding prediction-market volumes, pointing to rising platform revenue potential.
General Motors fell as record-high diesel prices pressure demand for full-size pickups and SUVs, which could reduce GM's key vehicle sales and margins.
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