Micron, Occidental, Delta, Spacex, Alibaba, and More Stocks That Explain Today's Market

Dow Jones

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Stocks were set to open lower Wednesday after President Donald Trump signaled the cease-fire between the U.S. and Iran may be over, reviving investors' worst fears about the Middle East.

Memory-chip maker Micron Technology dropped 3.1%, chip manufacturer Intel fell 1.3%, and flash memory product supplier Sandisk declined 2.6%.

Glassmaker Corning, chips and networking company Marvell Technology, and hard-disk-drive maker Western Digital also were falling ahead of the opening bell.

SpaceX gained 1.2% higher to $151.30. Elon Musk's rocket and AI company received 14 new Buy ratings on Tuesday, with an average price target of about $260. (The average price target, among all ratings, is about $247, according to FactSet). The $260 number values SpaceX at about $3.4 trillion.

Alibaba jumped 8.6%. The Chinese online retailer briefed analysts on Wednesday that its overall profit held steady over the June quarter, local outlet Jiemian News reported. Alibaba didn't respond to a request for comment from Barron's.

Rivian Automotive declined 5%. Shares of the electric-vehicle maker extended losses after tumbling 18% on Wednesday on plans to sell 75 million new shares.

Oil stocks rose after Trump's comments drove up oil prices. Chevron gained 1.4%, Exxon Mobil added 1.2%, and Occidental Petroleum advanced 2.3%. Diamondback Energy also moved 1.7% higher while APA Corp. rose 1.9%.

Cruise line stocks and airline names broadly fell as investors fretted that a potential end to the cease-fire would drive up fuel costs. Delta Air Lines sank 3% and United Airlines fell 2.9%. Carnival and Royal Caribbean declined 2.4% and 1.5%, respectively. Viking Holdings fell 1.5%.

Levi Strauss gained 0.2%. The jeans maker reports second-quarter earnings after the closing bell. Costco Wholesale rose 0.8% with June sales due late Wednesday.

Write to George Glover at george.glover@dowjones.com and Kit Norton at kit.norton@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

July 08, 2026 09:01 ET (13:01 GMT)

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Elon Musk's rocket and AI company received 14 new Buy ratings on Tuesday, with an average price target of about $260. (The average price target, among all ratings, is about $247, according to FactSet). The $260 number values SpaceX at about $3.4 trillion. \n</p>\n<p>\n  Alibaba jumped 8.6%. The Chinese online retailer briefed analysts on Wednesday that its overall profit held steady over the June quarter, local outlet Jiemian News reported. Alibaba didn't respond to a request for comment from Barron's. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/RIVN\">Rivian</a> Automotive declined 5%. Shares of the electric-vehicle maker extended losses after tumbling 18% on Wednesday on plans to sell 75 million new shares. \n</p>\n<p>\n  Oil stocks rose after Trump's comments drove up oil prices. Chevron gained 1.4%, <a href=\"https://laohu8.com/S/XOM\">Exxon</a> Mobil added 1.2%, and <a href=\"https://laohu8.com/S/OXY.WS\">Occidental Petroleum</a> advanced 2.3%. <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a> also moved 1.7% higher while APA Corp. rose 1.9%. \n</p>\n<p>\n  Cruise line stocks and airline names broadly fell as investors fretted that a potential end to the cease-fire would drive up fuel costs. Delta Air Lines sank 3% and United Airlines fell 2.9%. Carnival and Royal Caribbean declined 2.4% and 1.5%, respectively. <a href=\"https://laohu8.com/S/VKTX\">Viking</a> Holdings fell 1.5%. \n</p>\n<p>\n  Levi Strauss gained 0.2%. The jeans maker reports second-quarter earnings after the closing bell. Costco Wholesale rose 0.8% with June sales due late Wednesday. \n</p>\n<p>\n  Write to George Glover at george.glover@dowjones.com and Kit Norton at kit.norton@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 08, 2026 09:01 ET (13:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron, Occidental, Delta, Spacex, Alibaba, and More Stocks That Explain Today's Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron, Occidental, Delta, Spacex, Alibaba, and More Stocks That Explain Today's Market\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-07-08 21:01</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  Stocks were set to open lower Wednesday after President Donald Trump signaled the cease-fire between the U.S. and Iran may be over, reviving investors' worst fears about the Middle East. \n</p>\n<p>\n  Memory-chip maker Micron Technology dropped 3.1%, chip manufacturer Intel fell 1.3%, and flash memory product supplier Sandisk declined 2.6%. \n</p>\n<p>\n  Glassmaker Corning, chips and networking company Marvell Technology, and hard-disk-drive maker <a href=\"https://laohu8.com/S/WDCVV\">Western Digital</a> also were falling ahead of the opening bell. \n</p>\n<p>\n  SpaceX gained 1.2% higher to $151.30. Elon Musk's rocket and AI company received 14 new Buy ratings on Tuesday, with an average price target of about $260. (The average price target, among all ratings, is about $247, according to FactSet). The $260 number values SpaceX at about $3.4 trillion. \n</p>\n<p>\n  Alibaba jumped 8.6%. The Chinese online retailer briefed analysts on Wednesday that its overall profit held steady over the June quarter, local outlet Jiemian News reported. Alibaba didn't respond to a request for comment from Barron's. \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/RIVN\">Rivian</a> Automotive declined 5%. Shares of the electric-vehicle maker extended losses after tumbling 18% on Wednesday on plans to sell 75 million new shares. \n</p>\n<p>\n  Oil stocks rose after Trump's comments drove up oil prices. Chevron gained 1.4%, <a href=\"https://laohu8.com/S/XOM\">Exxon</a> Mobil added 1.2%, and <a href=\"https://laohu8.com/S/OXY.WS\">Occidental Petroleum</a> advanced 2.3%. <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a> also moved 1.7% higher while APA Corp. rose 1.9%. \n</p>\n<p>\n  Cruise line stocks and airline names broadly fell as investors fretted that a potential end to the cease-fire would drive up fuel costs. Delta Air Lines sank 3% and United Airlines fell 2.9%. Carnival and Royal Caribbean declined 2.4% and 1.5%, respectively. <a href=\"https://laohu8.com/S/VKTX\">Viking</a> Holdings fell 1.5%. \n</p>\n<p>\n  Levi Strauss gained 0.2%. The jeans maker reports second-quarter earnings after the closing bell. Costco Wholesale rose 0.8% with June sales due late Wednesday. \n</p>\n<p>\n  Write to George Glover at george.glover@dowjones.com and Kit Norton at kit.norton@barrons.com \n</p>\n<p>\n   This content was created by Barron's, which is operated by Dow Jones &amp; Co. 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Elon Musk's rocket and AI company received 14 new Buy ratings on Tuesday, with an average price target of about $260. (The average price target, among all ratings, is about $247, according to FactSet). The $260 number values SpaceX at about $3.4 trillion. \n\n\n  Alibaba jumped 8.6%. The Chinese online retailer briefed analysts on Wednesday that its overall profit held steady over the June quarter, local outlet Jiemian News reported. Alibaba didn't respond to a request for comment from Barron's. \n\n\nRivian Automotive declined 5%. Shares of the electric-vehicle maker extended losses after tumbling 18% on Wednesday on plans to sell 75 million new shares. \n\n\n  Oil stocks rose after Trump's comments drove up oil prices. Chevron gained 1.4%, Exxon Mobil added 1.2%, and Occidental Petroleum advanced 2.3%. Diamondback Energy also moved 1.7% higher while APA Corp. rose 1.9%. \n\n\n  Cruise line stocks and airline names broadly fell as investors fretted that a potential end to the cease-fire would drive up fuel costs. Delta Air Lines sank 3% and United Airlines fell 2.9%. Carnival and Royal Caribbean declined 2.4% and 1.5%, respectively. Viking Holdings fell 1.5%. \n\n\n  Levi Strauss gained 0.2%. The jeans maker reports second-quarter earnings after the closing bell. Costco Wholesale rose 0.8% with June sales due late Wednesday. \n\n\n  Write to George Glover at george.glover@dowjones.com and Kit Norton at kit.norton@barrons.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 08, 2026 09:01 ET (13:01 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}