Overview

• The S&P 500, Nasdaq 100 and Russell 2000 remain at record highs after unexpected strength in June retail sales and broad second-quarter earnings beats.
• Interactive Brokers exceeded analyst forecasts with $0.51 per-share earnings and $1.48 billion in revenue, and Netflix posted a record $11.08 billion quarter while raising its full-year revenue outlook.
• Retail trading volumes remain elevated, underpinning share gains at brokerage firms such as Charles Schwab.
• Local authorities in Qinghai province suspended Zangge Mining’s lithium output, cutting about 11,000 metric tons from this year’s projections and sending lithium prices and producers like Albemarle higher.
• A Wall Street Journal report that Union Pacific is exploring a bid for Norfolk Southern lifted Norfolk Southern shares around 4.5 percent after hours and underscored renewed rail-sector M&A speculation.