Wall Street ended Friday slightly lower as investors took a cautious approach near record levels, with the S&P 500 slipping 0.2% to 7,786 and pulling back from its latest high. The Dow Jones fell 108 points, or 0.2%, to 53,732, while the Nasdaq dropped 0.3% to 26,729. The modest declines came as surprisingly weak economic data raised concerns about the health of the US consumer, with softer spending and sentiment weighing on market confidence.
Still, the pullback was hardly enough to derail the broader rally. The S&P 500 capped its third straight week of gains, keeping Wall Street close to record territory despite growing caution over the economic outlook. Snail Inc (NASDAQ:SNAL) has released new content across its indie game portfolio and set an August 26 launch date for a PixARK expansion, while Stoneguard has entered Steam Early Access with a "Mostly Positive" user rating.
Dune Oil Corp (CSE:DUNE, OTCQB:TRLEF, FRA:Z620) said prospective seismic contractors completed site visits at its Gabar Block in southeastern Türkiye ahead of a planned 2D seismic survey, reviewing field conditions, logistics and equipment needs. Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF, FRA:7KE) received gross proceeds of $104,508 in the first monthly settlement under its $1.95 million financing agreement with Sorbie Bornholm LP. Digi Power X Inc (NASDAQ:DGXX, FRA:1NQ0, NEO:DGX) reported second-quarter revenue of about $6.6 million, including its first $1.1 million in AI compute revenue, while investing roughly $30 million in GPU infrastructure and turning adjusted EBITDA positive at about $3.3 million.
Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) shares jumped nearly 19% after the Trinidad-focused oil and gas producer reported a sharp improvement in second-quarter earnings and stronger early performance from its Cascadura compression project. London BTC Company Ltd (LSE:BTC, OTCQB:VINZF) is expanding its Nevada exploration strategy to target antimony alongside gold and silver, adding exposure to a US-designated critical mineral across its portfolio. Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has acquired a 100% working interest in the Thorsby oil property in central Alberta for C$12.15 million, marking its first producing asset outside Colombia and funded entirely from cash reserves.
Reddit Inc (NYSE:RDDT) shares surged more than 16% after the company was announced as a new addition to the S&P 500, a move expected to drive buying from index-tracking funds. Applied Materials Inc (NASDAQ:AMAT, XETRA:AP2) shares fell about 4% despite the chip equipment maker beating third-quarter revenue and profit estimates and issuing stronger-than-expected fourth-quarter guidance. Bitcoin is facing a potentially volatile August, with prediction markets putting the odds of the cryptocurrency reaching $65,000 at about 59% but seeing little chance of a new record.
Workday Inc (NASDAQ:WDAY) (Workday Inc (NASDAQ:WDAY)) has held discussions with private equity firm Silver Lake in recent months about a potential acquisition, reported, with the enterprise software company carrying a market value of about $43 billion. While talks are ongoing and there is no guarantee a deal will be reached, Jefferies analysts said they see several reasons why Silver Lake might be interested. Following the stock's move on the news, Workday's valuation of 4 times calendar year 2027 revenue and 14 times free cash flow sits near the bottom of an already beaten-down large-cap software group.
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