On a recent trading day, U.S. stock markets displayed a robust performance, with the Dow Jones index climbing over 190 points, achieving a 0.4% increase and reaching 44,650.64. Concurrently, the S&P 500 advanced by nearly 0.3% to 6,280.46, and the Nasdaq saw a 0.1% rise, closing at 20,630.66. This upward trajectory fostered a positive shift in investor mood, as evidenced by the CNN Money Fear and Greed index transitioning into the \"Extreme Greed\" category. This market optimism prevailed even as the White House announced a postponement of new tariffs until August 1, a decision that initially introduced an element of trade uncertainty.
MP Materials Corp. (MP) experienced a remarkable surge, with its stock price closing up by an impressive 50.62%. The company's shares concluded the day at $45.23, having touched an intraday high of $48.12 and a low of $29.58. This significant increase followed the announcement of a multi-billion dollar investment and long-term commitment package in collaboration with the U.S. Department of Defense, focusing on rare earth materials, underpinning the strategic importance of its operations.
Conversely, CoreWeave Inc. (CRWV) observed a decline, with its stock price falling by 9.6% to close at $138.29. Despite reaching an intraday high of $153.50, the company's shares faced downward pressure. CoreWeave's recent acquisition of Core Scientific Inc. marks a notable development in the technology sector, yet the rising operational costs associated with this expansion have prompted investors to reassess the overall valuation and potential future profitability of its stock.
Levi Strauss & Co. (LEVI) saw its shares rise by 1.70%, closing at $19.73. During the trading session, the stock hit a high of $20.09 and a low of $19.42. The iconic apparel company's positive movement was fueled by a strong second-quarter financial report, which revealed revenues of $1.45 billion, significantly surpassing analyst expectations of $1.37 billion. Additionally, its adjusted earnings of 22 cents per share also exceeded the projected 13 cents per share, indicating robust financial health.
American Airlines (AAL) recorded a substantial increase of 12.72%, with shares settling at $12.94. The stock reached an intraday peak of $13.18 and a low of $12.13. This impressive performance was largely attributed to positive developments within the airline industry, particularly a strong second-quarter earnings report and an optimistic outlook provided by industry peer Delta Air Lines Inc., instilling confidence in the sector's recovery and growth prospects.
Advanced Micro Devices Inc. (AMD) experienced an upward swing, with its stock closing 4.15% higher at $144.16. The chipmaker's shares traded as high as $145.82 during the day, with a low of $141.85. This positive momentum followed an upgrade from HSBC, which revised its rating from 'Hold' to 'Buy' and set a new price target of $200. This upgrade was based on significantly enhanced expectations for AMD's artificial intelligence revenue in the fiscal year 2026, signaling strong growth potential in the burgeoning AI market.