Cutthroat Island held the Guinness World Record as the biggest financial disaster in cinema history, with a budget of approximately $110 million — a number that looks modest by today's standards.
The Nasdaq posted the biggest gain of the major indices on the day, driven largely by a semiconductor stock rally.
Micron, SanDisk, and Western Digital each rallied as much as 14.3%, driving the semiconductor-led Nasdaq surge.
Nvidia closed 2% higher as investors rotated back into the AI trade ahead of major big tech earnings.
Oracle's stock is trading just above its 52-week low as investors weigh the $7B collateral obligation alongside broader balance sheet concerns.
The Russell small-cap index gained 1.5% on the day, second only to the Nasdaq among major indices.
The S&P 500 rose 0.9% and the Dow added 0.7%, both lagging the Nasdaq and Russell on the day.
SpaceX will report its first post-IPO earnings on August 4th, triggering its unique insider lockup expiration mechanism.
Insiders can sell 20% of their eligible locked-up stock — totaling up to 911.5 million shares — on August 6th, the second full trading day post-earnings.
An additional 10% of locked-up shares could be freed if SpaceX closes at least 30% above IPO price for 5 of the 10 trading days heading into the report.
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