Wall Street closed the trading week mixed, with the S&P 500 climbing to another all-time high amid key inflation readings and a steady stream of corporate earnings. Among megacap financial stocks, Citigroup topped the gainers, adding 3.21% to close at $139.33, after its U.S. consumer cards business agreed to acquire Kard Financial, a commerce media and rewards platform. Royal Bank of Canada rose 2.60% to $216.56, and Mitsubishi UFJ Financial Group added 2.53% to $23.06. Berkshire Hathaway led the decliners, with Class B shares pulling back 3.41% to $504.03 and Class A shares down 3.14% to $755,570.01, after Michael Burry said his biggest fear was that Warren Buffett's eventual successor would lack Buffett's patience. Alternative asset managers KKR & Co. and Apollo Global Management surged 10.89% and 10.45% respectively after Nvidia confirmed a $500 billion capital raise for AI infrastructure development, with the two firms among six Wall Street lenders that signed memorandums of understanding with Nvidia. Trading platform eToro Group was the top loser in its category, falling 18.90% to $28.58 after second-quarter revenue dropped to $1.59 billion from $2.09 billion a year earlier on a roughly 30% decline in cryptoasset revenue.
