As July trading commences, investors brace for a pivotal Thursday with the early release of the monthly jobs report, an exclusive interview with President Donald Trump on CNBC, and the latest jobless claims data. While tech darlings like AMD and Intel have seen “parabolic” three-month gains, many faced significant pullbacks on Wednesday, signaling potential volatility. Meanwhile, Meta Platforms surged nearly 9% on news of a new cloud venture, though it remains down significantly from its peak.
Welcome to "Stocks @ Night," your essential daily dose of market intelligence, delivered straight to your inbox after hours. Get ahead of the curve with a first look at tomorrow's potential market catalysts and a final review of today's key movements. Here’s what CNBC TV's producers are closely tracking as July trading heats up, and what's firmly on our radar for the next session.
President Trump on Fast Money
Prepare for an exclusive interview with President Donald Trump, set to air on CNBC's "Fast Money" at 5 p.m. ET. This timely discussion coincides with the 250th anniversary of the United States of America, promising insights that could resonate across political and financial landscapes.
The All-Important Jobs Report
Due to the Fourth of July holiday, the highly anticipated monthly payrolls report for June will be released early on Thursday at 8:30 a.m. ET. This crucial economic indicator will be featured live on "Squawk Box," with Becky Quick, Andrew Ross Sorkin, and Joe Kernen breaking down the numbers. Economists polled by Dow Jones are forecasting the creation of 115,000 new jobs for the month, a figure keenly watched for its implications on monetary policy and economic health.
Weekly Jobless Claims
Also hitting the wire at 8:30 a.m. ET on "Squawk Box" are the weekly initial jobless claims. The Dow Jones consensus estimate points to 220,000 new claims, a slight rise from the prior week's 215,000. These figures provide a real-time pulse on the labor market's immediate health.
The "Parabolic 7" Tech Pullback
Becky Quick of "Squawk Box" has been highlighting a group of seven big tech names – dubbed the "Parabolic 7" – that have delivered astonishing three-month performances but experienced significant drops on Wednesday. While the Nasdaq-100 (represented by Invesco QQQ Trust, QQQ) gained a respectable 24% over three months and fell 1.5% yesterday, these individual stocks show much more dramatic swings:
- Advanced Micro Devices (AMD): Up 157% in three months, but slid nearly 7% on Wednesday.
- Dell (DELL): Soared 151% in three months, yet dipped 1.4% yesterday.
- Broadcom (AVGO): Rose almost 18% in three months, falling 2.2% in the last session.
- Intel (INTC): Rocketed 164% in three months, but plummeted 9% on Wednesday.
- Micron (MU): surged about 181% in three months, losing 10.6% in Wednesday's trading.
- Marvell (MRVL): Gained 155% in three months, seeing an 8.7% decline on Wednesday.
- Sandisk (SNDK): Skyrocketed 193% in three months, but shares fell 10.6% in the session.
These pronounced gains followed by sharp daily corrections underscore the heightened volatility in the tech sector. CNBC's Morgan Brennan will pick up the tech beat on "Morning Call," live at 5 a.m. Thursday.
Meta Platforms' Cloud Ambitions
All eyes will remain on Meta Platforms (META) after its shares surged nearly 9% on Wednesday. The significant jump followed news, confirmed by CNBC after a Bloomberg report, that Meta is building out a new cloud business, intending to sell its excess computing power. Despite this impressive daily pop, META shares are still down 23% from their August 2025 high and have declined 7% so far this year, highlighting the long road ahead for the social media giant.
