Editorial companion

What stands out

Netflix sank after forecasting a second straight quarter of slowing growth, guiding to $12.9 billion in revenue and 82 cents in earnings per share (EPS), a small miss that produced a large market reaction. Micron's pop and the Philadelphia Stock Exchange Semiconductor index rally show the chip story is still behaviorally fragile, alive only if hyperscaler customers start spending again. Sweetgreen's collapse after a cyclosporiasis outbreak tied to produce is a brutal reminder that operational shocks can erase a quarter of market value in days, especially for growth-dependent restaurant chains.