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Market activity on Monday, August 4, 2025, the NASDAQ Composite Index rebounded from a selloff at the end of last week.
Market Performance: The NASDAQ Composite was up, with a gain of approximately 1.74% in late morning trading, reaching a price of around 21,009.67. This comes after a decline of 2.24% on the previous Friday.1
Driving Factors: The rebound was led by "Magnificent Seven" stocks, with Amazon and Nvidia showing strong pre-market performance.2 The positive sentiment was partly fueled by rising expectations of a September rate cut by the Federal Reserve, which increased to over 83% following a weak jobs report from the previous week.3
Notable Stock Movements: Several companies experienced significant movement:
Steelcase (SCS) surged over 45% on news that HNI will acquire the company.4
CommScope (COMM) rose 42% after announcing a deal to sell its broadband division.5
Opendoor (OPEN) gained 14% on news that it had regained compliance with the NASDAQ exchange.6
Icahn Enterprises (IEP) announced its second-quarter 2025 financial results, reporting a net loss of $165 million, which was an improvement from the $331 million loss in the same quarter last year.7
Upcoming News: Palantir Technologies (PLTR) is scheduled to report its quarterly results after the close of the market today, which is highly anticipated by investors.8
Market Performance: The NASDAQ Composite was up, with a gain of approximately 1.74% in late morning trading, reaching a price of around 21,009.67. This comes after a decline of 2.24% on the previous Friday.1
Driving Factors: The rebound was led by "Magnificent Seven" stocks, with Amazon and Nvidia showing strong pre-market performance.2 The positive sentiment was partly fueled by rising expectations of a September rate cut by the Federal Reserve, which increased to over 83% following a weak jobs report from the previous week.3
Notable Stock Movements: Several companies experienced significant movement:
Steelcase (SCS) surged over 45% on news that HNI will acquire the company.4
CommScope (COMM) rose 42% after announcing a deal to sell its broadband division.5
Opendoor (OPEN) gained 14% on news that it had regained compliance with the NASDAQ exchange.6
Icahn Enterprises (IEP) announced its second-quarter 2025 financial results, reporting a net loss of $165 million, which was an improvement from the $331 million loss in the same quarter last year.7
Upcoming News: Palantir Technologies (PLTR) is scheduled to report its quarterly results after the close of the market today, which is highly anticipated by investors.8
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