Welcome to Markets Desk, your midday read on the stories moving the needle.
Dell Technologies is the name to watch heading into Tuesday's earnings print. Analysts are pointing to deepening ties with Nvidia's AI infrastructure buildout and a potential SpaceX supply relationship as catalysts that could drive meaningful upside well into next year. The street is positioned for sharp revenue growth, and the setup looks constructive.
Shifting to commodities, cocoa is the standout mover after New York futures climbed nearly two percent on Monday, posting an eleven-month high. The rally is being driven by mounting concern over the quality of West African harvests, not just supply volume. That distinction matters — degraded crop quality tightens usable supply even when raw tonnage looks adequate, and traders are pricing that in aggressively.
And on the legal front, the Supreme Court has cleared the way for President Trump to proceed with construction of a White House ballroom while underlying litigation continues. Notably, Chief Justice John Roberts sided with the three liberal justices in dissent, writing that the construction is, quote, likely unlawful. The court's majority allowed the project to move forward regardless, leaving the constitutional questions unresolved for now.
That's the tape. Markets Desk, signing off the floor.
