TLDR

MARKET RECAP → The S&P 500 (VOO) edged up on Monday as the market closed in on a strong month and quarter.

CHINA STOCKS SOAR → 📈 China stocks had their best day in 16 years, thanks to fresh stimulus measures, sending U.S. ETFs tied to Chinese markets flying high. Investors are finally seeing some light after a bumpy ride.

AT&T SELLS 70% STAKE IN DIRECTV →💰 AT&T sold a 70% stake in DirecTV to TPG for $7.6 billion, allowing AT&T to refocus on its core telecom business while TPG aims to revitalize the struggling satellite service.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

China Stocks Soar

📈 China stocks just had their best day in 16 years, thanks to economic stimulus measures that lifted investor optimism. This rally boosted U.S.-listed Chinese ETFs, sending them soaring alongside the market surge.

🛠️ Recent economic stimulus in China sparked the rally, with investors betting on recovery and renewed growth. The move came after a challenging period for China’s economy, with stimulus seen as a game-changer.

🌍 U.S. investors benefited too, as ETFs linked to Chinese stocks saw significant gains, providing a welcomed boost for portfolios exposed to the region's market recovery.

TODAY’S TOP NEWS

AT&T Sells 70% Stake in DirecTV

💰 AT&T sold a 70% stake in DirecTV to private equity firm TPG for $7.6 billion, a strategic move to offload the struggling satellite TV business.

📉 The sale allowed AT&T to refocus on its core telecommunications operations while shedding the declining pay-TV segment, which has faced subscriber losses.

🔄 TPG’s involvement aimed to revitalize DirecTV through restructuring, though challenges remain in a market increasingly dominated by streaming services.

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