Traders work at the New York Stock Exchange on July 10, 2026.
NYSE
Stock futures rose early Wednesday after a rally fueled by softer-than-expected inflation data.
Futures tied to the Dow Jones Industrial Average inched 0.1% higher.
» Read more about: Stock futures rise as soft inflation reading lifts market: Live updates »
Choice Institutional Equities said, “At the upper price band, the issue is valued at a P/QAAUM of 9.3% and a P/E of 38.1x (based on FY26 EPS of Rs. 15.1), indicating a fair valuation relative to peers. However, its scale provides significant operating leverage, reflected in the industry’s lowest cost-to-income ratio and lowest operating cost as a percentage of Quarterly Average Assets Under Management (QAAUM).”
» Read more about: SBI Funds Management IPO Live: GMP at 15% on Day 2; Issue booked 0.72x so far »
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The Fed will maintain reserve management purchases at $10B through August 13,
» Read more about: Fed Holds Reserve Purchases Steady Amid Treasury Supply Rise »
Lucid Group (NASDAQ:LCID), a premium electric vehicle (EV) and EV technology provider, closed at $4.62, down 16.15%. Shares plunged after Bloomberg reiterated a report that the company was weighing bankruptcy or a going-private deal. Investors will now be closely watching the Aug. 4 earnings call and liquidity disclosures.
» Read more about: Tesla Stock Earnings Setup Shifts After Major Delivery Beat »
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Tesla stock has delivered an 81.4% gain over the past 5 years, yet current valuation checks flag it as expensive rather than a clear bargain,
» Read more about: Tesla (TSLA) Stock Looks Expensive Following Its 81% Five Year Gain »