Taiwan Semiconductor Manufacturing reports a record profit in the second quarter, PepsiCo’s adjusted earnings top forecasts, and GE Aerospace raises guidance for 2025.

Shares of MP Materials (NYSE:MP) surged 8% in premarket trading Tuesday after reports emerged that Apple (NASDAQ:AAPL) is preparing to invest $500 million in the U.S.-based rare earths company. The arrangement would see MP Materials supply neodymium magnets—crucial components for many Apple products—from its Fort Worth,

TSMC shares rose 4% in premarket trade as the contract chip manufacturer lifted its 2025 sales guidance. Sarepta Therapeutics stock jumped 34% as the company set plans to lay off more than a third of its workforce following two patient deaths.

The Dow Jones index rose Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.

Stocks opened cautiously higher Tuesday as market participants took in the latest inflation data and the unofficial start of second-quarter earnings season. But enthusiasm waned as the session wore on,

Tech giant Apple (NASDAQ: AAPL) has struck a $500 million deal with Pentagon-backed MP Materials (NYSE: MP), the United States’ only producer of rare earth elements, as part of a larger effort to secure domestic supply chains for smartphones and electric vehicles.

MP Materials (NYSE:MP) closed +20% on Tuesday, posting an all-time intraday high of $62.87, after unveiling its $500M deal with Apple (NASDAQ:AAPL) to develop a recycling line for rare earth materials that will allow MP to reprocess rare earth elements for use in Apple products.

Nvidia stock jumps after the chip maker says it soon expects to again begin selling its H20 AI chip in China, while earnings from JPMorgan Chase, Wells Fargo, and Citigroup beat analysts’ estimates.