Happy Friday! Tech stocks continue to soar to new heights, and investors are starting to wonder if that momentum can last. With Nvidia climbing past $4 trillion and Big Tech dominating the market like never before, read on to see if the top is near, or if it’s just the tip of the iceberg.

Also, Bitcoin just hit a new all-time high — but that might only be the beginning. With big money flowing in and altcoins flashing bullish signals, the crypto market could be on the edge of a major breakout you won’t want to miss.

Plus, if you’re looking to stay ahead in the evolving world of cryptocurrency, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Nvidia, Microsoft, Apple Surpass $10 Trillion — Is This Peak Tech?

$10 trillion and climbing… how much higher can tech go?

On Wednesday, Nvidia became the first company to reach a $4 trillion valuation and the semiconductor company continues to climb higher. Just between the three tech giants — Nvidia, Apple and Microsoft — the trio has a combined market cap of $10.8 trillion, more than most countries’ entire GDPs, and now accounts for roughly a quarter of the entire S&P 500.

Each of these giants is currently in three very different phases. Nvidia is on fire, fueled by relentless AI demand. Microsoft is a powerhouse that continues to chug along and Apple — though still a cash machine — is starting to look more like a luxury safe haven than a growth rocket. The divergence is real — and so is the uncertainty.

With valuations sky-high and expectations even higher, the real question investors are starting to ask is this: is this tech’s final ascent, or just a pause before the next leg up?

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Yesterday: U.S. indexes continued their momentum on Thursday, as both the S&P 500 and Nasdaq Composite reached new milestones to close at all-time highs. Treasury yields declined after a strong 30-year bond auction, and the U.S. dollar was stable. Oil prices fell for a second day, pressured by higher U.S. inventory levels and weaker demand forecasts from OPEC. Trade tensions intensified as President Trump threatened a 50% tariff on Brazilian imports and confirmed a similar duty on copper starting in August. Despite mounting trade risks, markets continued to be optimistic that any economic impact will be limited by negotiations or delays. Jobless claims continued to trend lower, but a rise in continuing claims brings ongoing uncertainty.

On Our Radar: The U.S. Federal Budget Balance, and the Baker Hughes rig count are among the key events that will be closely watched by investors and analysts today. On the earnings front, all eyes will be on Fastenal (FAST), which will report results before the opening bell on Monday.

Airline investors were on cloud nine after Delta sparked a huge rally after topping earnings expectations, providing strong guidance and confirming that bookings have stabilized. But that wasn’t the only sector that was making big moves on the day…

Discover how the market is moving with our interactive heatmap — filter by market cap and zoom in for deeper insights. Click any box to explore specific sectors or assets in detail.

Spikes in oil, surprise job numbers and geopolitical tensions are triggering rapid market moves.

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On This Day In 1985…

Just 79 days after launching a new product (New Coke), Coca-Cola announced it would revert to its original formula. Widely regarded as one of the biggest marketing blunders in history, the backlash caused plenty of headaches for the company. Yet despite the turmoil, Coca-Cola’s stock has remained remarkably stable. As of today — exactly 40 years later — shares are up nearly 12,000%, highlighting the company’s enduring resilience and the incredible strength of its brand.

QUOTE OF THE DAY

“If you're excited about an investment, it's probably a bad idea.”

— William Bernstein

Bitcoin, Ethereum, XRP, Dogecoin Surge As Traders Expect 'Final Major Leg Higher'

Could Bitcoin’s recent all-time high be the spark that ignites the final — and biggest — leg of this crypto bull run?

Behind all the headlines, a surge in large transactions and record-breaking ETF inflows are painting a picture of growing confidence among investors, with many of them positioning themselves for what could be the next big move.

At the same time, key altcoins like Ethereum, Solana and XRP are starting to move as well and are carving their own paths with technical breakouts and bullish signals that hint at significant upside potential.

While optimism and confidence are running high, some cautionary indicators remind investors that volatility remains just around the corner.

Don’t stay on the sidelines. Read on to get the inside scoop.

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