Mizuho reiterated an outperform rating on SpaceX (SPCX.O) and maintained a $200 price target.

Yemeni Houthi forces said they fired a ballistic missile at Saudi oil tanker "Wafa" north of Yanbu in the Red Sea and claimed a direct hit. The group said this is the eighth Saudi tanker it has claimed to have attacked since its July 22 blockade began and that it has forced 29 other Saudi tankers to turn back while transiting the Red Sea and Arabian Sea.

Wells Fargo strategist Ohsung Kwon says rising data‑center construction will boost the industrial sector. Capital‑goods firms that make machines, equipment and tools for data‑center builds are among the stocks “closest to the AI theme,” he said. Wells Fargo estimates manufacturing activity expanded in July at the fastest pace in over four years and non‑AI capex is up about 10% YoY; commercial and industrial loan growth has also accelerated. Traders rotating into so‑called traditional‑economy sectors have lifted industrials roughly 20% YTD, trailing only energy and information technology. Kwon estimates about 40 hyperscale data centers are under construction and more than 100 are planned, concentrated in Texas, Georgia, Virginia and Pennsylvania. He adds that if local economic spillovers from operational data centers become a trend, the market is at a very early stage of that effect.