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Rose with other US benchmarks as a US-Iran peace framework to reopen the Strait of Hormuz pushed crude oil prices lower.

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US Markets72d ago

Update: Chip Stocks Weigh on Equities Intraday; Oil Rises on Hormuz Tensions

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday, with chip stocks among notable laggards, while oil prices jumped following reports that Iran hit a Qatari liquefied natural gas tanker near the Strait of Hormuz.The Nasdaq Composite was down 0.7% at 25,946.1 after midday Tuesday, while the S&P 500 shed 0.3% to 7,516.6. The Dow Jones Industrial Average dropped 0.3% to 52,913.7 after having hit a new high in the previous session.Among sectors, industrials saw the steepest decline intraday Tuesday, while energy and real estate paced the gainers.Chipmaker Intel's (INTC) shares were down 9.3%, the second-worst performer on the S&P 500. Western Digital (WDC), Applied Materials (AMAT), Marvell Technology (MRVL), Micron Technology (MU), and Advanced Micro Devices (AMD) also saw sharp declines."Equities are rotating out of technology after Monday's rebound, as an Asian chip selloff revived (artificial intelligence)-valuation worries and pushed (South Korea's) KOSPI down 7.5%," Saxo Bank said in a report.A global tech sell-off on Tuesday followed the release of preliminary quarterly results by Samsung Electronics, as well as a Reuters report on Chinese firm DeepSeek developing its own AI chip that could allow it to rely less on US chipmaking giant Nvidia (NVDA) and Huawei.West Texas Intermediate crude oil was up 2.9% at $70.50 per barrel intraday, while Brent advanced 3.1% to $74.22.Iran attacked a Qatari LNG ship transiting near the Strait of Hormuz, the world's most important chokepoint for crude flows, according to Qatar's foreign ministry spokesperson Majed Al Ansari."We demand that the Islamic Republic of Iran immediately cease all practices that undermine regional security or threaten the safety of international maritime navigation, (and) refrain from endangering global energy supplies (and) the resources of the countries of the region in pursuit of narrow interests," Al Ansari said in a social media post Tuesday.US Treasury yields were higher intraday, with the 10-year rate up 4.2 basis points at 4.52% and the two-year rate rising 2.7 basis points to 4.15%.In economic news, the US trade deficit grew in May to its widest since March 2025, as imports increased and exports fell, government data showed."Surging imports and a rare decline in exports spiked the US trade deficit to its highest level in more than a year," BMO Capital Markets said in a note. "Despite tariffs, the trade deficit has returned to levels of late 2024, before importers began front-loading purchases, suggesting little overall progress in shrinking the trade gap."In company news, SpaceX (SPCX) drew bullish views from Wall Street as the rocket and satellite company joined the Nasdaq 100 index, with analysts pointing to AI, satellite connectivity and space-enabled solutions as key growth drivers.Deutsche Bank, RBC Capital Markets and Morgan Stanley initiated coverage of SpaceX with their highest ratings.The stock was down 5.2% intraday.Gold fell 0.2% to $4,157.30 per troy ounce, while silver lost 1.4% to $61.46 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMAT$AMD$INTC$MRVL$MU$NVDA$SPCX$WDC

Asia Markets72d ago

Update: US Equity Indexes Retreat as Chipmakers Hit Technology While Crude Oil Jumps Following Hormuz Missile Strike

(Updates with index/price moves and company/political news)US equity indexes declined as chipmakers helped push technology lower, while a missile strike on a Qatari vessel sent crude oil higher.The Nasdaq Composite fell 0.6% to 25,972.1, the S&P 500 fell 0.2% to 7,519.8, and the Dow Jones Industrial Average retreated 0.4% to 52,869.1 after midday Tuesday. The technology sector led decliners, followed by industrials and materials. In addition to energy, the top gainer, other sectors in the lead included real estate, healthcare, and utilities.Among stocks with market capitalization exceeding $200 billion each, 14 out of the bottom 20 names were technology firms, according to data compiled by Finviz. More than half of the decliners were semiconductor firms. The worst performer was Intel (INTC), down 9.2%, after Samsung Electronics' preliminary earnings disappointed investors.Shares of Space Exploration Technologies (SPCX) slumped 5.3% after the company was added to the Nasdaq 100 on Tuesday.In geopolitical news, Iran's Revolutionary Guard Corps fired missiles at vessels in the Strait of Hormuz, striking a liquefied natural gas carrier, according to media reports.The front-month global benchmark North Sea Brent jumped 3% to $74.17 a barrel, and the US West Texas Intermediate advanced 2.8% to $70.48 a barrel."Oil prices and especially LNG rose after a Qatari LNG ship was struck by a projectile near the Omani coast as it exited the Strait of Hormuz, raising unease among shipowners while once again testing a US-Iran agreement intended to halt attacks and keep the narrow strait open," Saxo Bank said in a note.France and Britain will outline plans for a multinational maritime mission in the Strait of Hormuz at talks between NATO and Gulf Arab foreign ministers on Tuesday, Reuters reported, adding that diplomats noted Iran's rejection of the initiative makes it unlikely to break the deadlock over the critical waterway in the Persian Gulf.In economic news, consumer expectations for one-year US inflation growth jumped to 3.7% in June from 3.5% in the previous month, according to a survey released by the New York Federal Reserve Bank. The print is the highest since September 2023. Median inflation expectations rose to 3.3% from 3.1% three years ahead, and remained unchanged at 3.0% over five years.The US international trade deficit widened to $77.59 billion in May from a revised $54.57 billion gap in April, compared with a wider shortfall of $78.4 billion expected in a Bloomberg-compiled survey. Imports rose in the month, while exports fell.Consumer confidence for July rose from the prior month, with the RealClearMarkets' monthly index rising to 45.5 from 42.5 in June. A print above 50 suggests optimism, while a reading below 50 suggests pessimism.Redbook US same-store sales surged almost 12% from a year earlier in the week ended July 4 after a year-over-year increase of nearly 1% in the previous week. "Significant nationwide temperature increases, combined with Independence Day promotions, led to increased demand for summer merchandise and brought more shoppers into air-conditioned stores," Redbook noted.Most US Treasury yields rose. The two-year yield climbed 2.4 basis points to $4.15%, and the 10-year jumped 4.4 basis points to 4.52%.Gold futures slipped 0.4% to $4,152.8, and silver futures dropped 1.7% to $61.26.In company news, Amazon (AMZN) is seeking to raise at least $25 billion from a sale of US-dollar bonds, Bloomberg reported, citing people familiar with the matter.

Dow JonesNasdaq CompositeS&P 500$AMZN$INTC$SPCX

US Markets77d ago

Update: Dow Rises to Record as Wall Street Logs Weekly Gains

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average rose to a record in a mixed Thursday session as Wall Street locked in gains for the holiday-shortened trading week despite volatility in the technology sector.The Dow gained 1.1% to 52,900.1. The Nasdaq Composite fell 0.8% to 25,832.7, and the S&P 500 was little changed at 7,482.7. Most sectors gained, led by healthcare, while technology posted the steepest decline.US markets will be closed Friday in observance of the Independence Day holiday, which falls on a Saturday this year.This week, the Nasdaq rose 2.1%, the Dow gained 2%, and the S&P 500 climbed 1.8%.In the tech sector, Cisco Systems (CSCO) shares fell 3.7% on Thursday, the biggest drop on the Dow, while Nvidia (NVDA) shed 1.4%, the third-largest decline on the index. Sandisk (SNDK) slumped 14%, the sharpest loss on the S&P.Tesla (TSLA) shares slid 7.5% even as second-quarter deliveries beat Wall Street's expectations. The electric-vehicle maker didn't provide any updates on key topics, including progress on its AI projects, Truist Securities said in a note.Apple (AAPL) shares rose 4.8%, the biggest gain on the Dow. The tech giant plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices for consumers, Nikkei Asia reported.In economic news, the US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The consensus was for a 113,000 increase in a Bloomberg survey. Economists said downward revisions to payrolls growth in the previous two months has clouded a recent revival in the labor market.The unemployment rate eased to 4.2% from 4.3%, matching projections.The latest jobs report is unlikely to force the Federal Reserve to make a change in monetary policy immediately, as the pace of growth is "plenty strong enough to maintain a steady unemployment rate," Jefferies said in a note.On Wednesday, new Fed Chair Kevin Warsh suggested the central bank may be headed for another policy pause as inflation risks have eased.US Treasury yields were little changed with the two-year yield at 4.18% and the 10-year yield at 4.49%.West Texas Intermediate crude oil was down 0.2% at $68.47 a barrel in late-afternoon trading, while Brent was little changed at $71.59."Brent extended its slide towards $70 and pre-war levels (this week) as flows through the Strait of Hormuz continued to recover, while signs of progress in indirect US-Iran talks further eased supply concerns," Saxo Bank said in a report.Gold was last seen up 1.3% at $4,133.50 per troy ounce, while silver gained 1.4% to $61.34 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$CSCO$NVDA$SNDK$TSLA

Equities77d ago

S&P 500 Posts Weekly Rise Ahead of Fourth of July, Led by Communication Services

The Standard & Poor's 500 index rose 1.8% this week, led by gains in communication services and financials ahead of the holiday weekend.The S&P 500 ended Thursday's session at 7,483.24. This marks the end of the trading week as the US stock market will be closed on Friday in observance of Independence Day.Earlier this week, the S&P 500 closed out June with a 1.1% loss, its first monthly decline since March. Still, it gained 15% in the second quarter and 9.6% in the first half of 2026.On Thursday, US jobs data for June came in mixed. The data showed the US economy added fewer jobs than expected in June, yet the unemployment rate came in lower than forecast.Total nonfarm payrolls rose by 57,000 last month, representing the weakest tally since February and a notable miss versus the consensus estimate for an 113,000 increase. Also, May's gain was downwardly revised to 129,000 from an initial 172,000, while April's tally was lowered to 148,000 from 179,000.Nevertheless, the unemployment rate ticked down to 4.2% from 4.3%. The rate had been expected to remain at 4.3%.Communication services was the best performing sector this week, climbing 4.9%, followed by a 3.7% advance in financials, a 2.8% increase in consumer discretionary and a 2.1% rise in health care. Industrials and materials also rose by more than 1% each, while technology and consumer staples edged higher.Fox (FOXA, FOX) had the largest percentage gains in communication services for the week, with its Class A shares jumping 13% and Class B shares rising 10%. A regulatory filing showed the company entered into a $1 billion senior unsecured term loan credit agreement to help fund a portion of the cash consideration for its pending acquisition of Roku (ROKU). The two-year term loan facility will be available upon completion of the acquisition, with Fox also able to borrow up to an additional $1 billion, it said.Robinhood Markets (HOOD) led the climb in financials, gaining 14%. The company launched perpetual futures with no expiry date tied to commodities like gold, silver, and crude oil, as well as exchange-traded funds, and currencies in Europe, multiple media outlets reported.Real estate declined 1.5% while utilities and energy shed 1% each.Digital Realty (DLR) was among the hardest-hit stocks in real estate, falling 10%. The company said on Tuesday that it priced a secondary public offering of 12.3 million shares by affiliates of Blackstone (BX) at $185.00 each, representing a discount to its Monday closing price of $190.58.Quarterly earnings reports next week are expected from companies including PepsiCo (PEP) and Delta Air Lines (DAL).Economic data will include May consumer credit, June existing home sales, and the June Services Purchasing Managers' Index or PMI.

Dow JonesNasdaq CompositeS&P 500$DLR$FOX$FOXA$HOOD

Asia Markets77d ago

Update: US Equity Indexes Mixed as Weak Jobs Data Trigger Rotation Out of Growth Stocks

(Updates with index/price moves, macroeconomic data, and company news from the first paragraph.)US equity indexes traded mixed as the economy added the fewest jobs since February, triggering a rotation out of high-growth and into defensives and old-economy sectors.The Nasdaq Composite dropped 0.8% to 25,832.67, while the S&P 500 was unchanged at 7,483.24 on Thursday, the last trading day of the week, on account of the Independence Day public holiday on Friday. The Dow Jones Industrial Average remained 1.1% higher at 52,900.07 after hitting a new all-time peak earlier in the session.Communication services, technology, and consumer discretionary were the sole decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 increase expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Hourly earnings increased by 0.35%, compared with the 0.3% gain expected, and following a 0.27% gain in May. Hourly earnings were up 3.5% year-over-year.Meanwhile, Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.US initial jobless claims fell to 215,000 in the week ended June 27 from an upwardly revised 216,000 level in the previous week, compared with expectations for an increase to 218,000 in a survey of analysts compiled by Bloomberg.US Treasury yields were mixed, with shorter maturities declining and mid- to long-term maturities rising. The two-year fell 2.7 basis points to 4.14% while the 10-year yield rose one basis point to 4.49%.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.Negotiators spent two days discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, two critical issues under the initial deal, sources familiar with the discussions told Reuters. Iran issued a fresh warning for vessels to follow Tehran-designated routes through the Strait of Hormuz, CNN reported Thursday.The front-month global oil benchmark North Sea Brent was little changed at $71.58 per barrel, while the US West Texas Intermediate slipped 0.2% to $68.48 per barrel.In company news, Tesla's (TSLA) shares slumped 8.2% even as the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.Apple (AAPL) plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices, Nikkei Asia reported Thursday, citing sources familiar with the matter. Shares jumped 4.8%, the Dow's top gainer.

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Asia Markets77d ago

US Equity Indexes Rise This Week as Mag-7 Gains Help Offset Chipmakers-Led Decline in Technology

US equity indexes rose this week as gains in communication services and consumer cyclicals helped offset declines in technology, and crude oil extended declines amid continuing progress in Iran peace talks.* The S&P 500 closed at 7,483.24 on Friday versus 7,354.02 a week ago. The Nasdaq Composite stood at about 25,832.67, compared with 25,297.62 a week earlier. The Dow Jones Industrial Average ended at 52,900.07, versus 51,876.11 at the end of last week.* Health care, communication services, and consumer cyclicals led sectors, while energy, utilities, and technology lagged. Within tech, chipmakers retreated, and Micron Technology was among the steepest decliners.* All but one Magnificent-7 firm ended the week higher, with Nvidia (NVDA) being the exception. Of the remaining six, four were in the top 10 of companies with a market capitalization of over $200 billion each. Apple (AAPL) led the Mag-7 pack, with a weekly gain of 12%.* The Doha discussions produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said, according to a Thursday report from Reuters. Negotiators discussed maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, sources familiar with the discussions told Reuters.* US West Texas Intermediate crude oil retreated 0.2% to $68.46 per barrel late Thursday, trading below levels seen at the start of the Iran war.* The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.* Price risks have fallen in recent weeks, Federal Reserve Chair Kevin Warsh said, while reiterating his determination to ease inflation to the 2% target.

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Japan77d ago

US Equity Markets Mixed Amid Weak Jobs Data

US equity indexes were mixed Thursday after nonfarm payrolls data showed a decline in new jobs.* The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion* The Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.* August West Texas Intermediate crude oil fell $0.14 to settle at $68.44 per barrel, while August Brent crude, the global benchmark, was last seen up $0.03 at $71.60.* Apple (AAPL) plans to launch five new iPhone models despite a memory shortage that is driving up prices, Nikkei Asia reported Thursday. Shares of the company were up about 4.8%, the top gainer on the Dow.* Tesla's (TSLA) shares were down about 7.5%, among the steepest decliners on the Nasdaq, even after the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.

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Japan77d ago

Update: US Equity Indexes Mixed Amid Rotation Out of Growth Sectors Following Weak Jobs Data

(Updates with index/price moves from the first paragraph.)US equity indexes traded mixed as the economy added the fewest jobs since February, triggering a rotation out of high-growth sectors and into defensives.The Nasdaq Composite dropped 1.3% to 25,705.9, and the S&P 500 declined 0.5% to 7,446.5 ahead of Thursday's close. The Dow Jones Industrial Average bucked the trend, remaining 0.6% higher at 52,638.7 after hitting a new all-time peak earlier in the session.Communication services, technology, and consumer discretionary were the steepest decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Most US Treasury yields fell, with the two-year down 2.7 basis points to 4.14%.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.Negotiators spent two days discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, two critical issues under the initial deal, sources familiar with the discussions told Reuters. Iran issued a fresh warning for vessels to follow Tehran-designated routes through the Strait of Hormuz, CNN reported Thursday.The front-month global benchmark North Sea Brent was little changed at $71.57 per barrel, while the US West Texas Intermediate slipped 0.2% to $68.47 per barrel.

Dow JonesNasdaq CompositeS&P 500

US Markets77d ago

Equity Markets Mixed Intraday After Jobs Report

US benchmark equity indexes were mixed intraday as traders assessed the latest jobs report.The Nasdaq Composite was down 1.4% at 25,687.5 after midday Thursday, while the S&P 500 fell 0.6% to 7,439.8. The Dow Jones Industrial Average rose 0.4% to 52,529.7. Among sectors, technology saw the steepest decline, while healthcare paced the gainers.Cisco Systems (CSCO) shares were down 4.2%, the worst performer on the Dow, while Nvidia (NVDA) was among the steepest decliners on the index.US markets will be closed Friday in observance of the Independence Day holiday, which falls on a Saturday this year.The US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The consensus was for an 113,000 increase in a Bloomberg-compiled survey. Economists said downward revisions to payrolls growth in the previous two months has clouded a recent revival in the labor market.The unemployment rate ticked down to 4.2% from 4.3%, which was Wall Street's projection.The latest jobs report is unlikely to force the Federal Reserve to make a change in monetary policy immediately, as the pace of growth is "plenty strong enough to maintain a steady unemployment rate," Jefferies said in a note.On Wednesday, new Fed Chair Kevin Warsh suggested the central bank may be headed for another policy pause as inflation risks have eased.US Treasury yields were mixed intraday Thursday, with the two-year yield down four basis points at 4.14% and the 10-year yield little changed at 4.49%.In company news, Tesla (TSLA) shares slumped 8.3% even as the company's second-quarter deliveries beat the Street's expectations. The electric vehicle maker didn't provide any updates on key topics, including progress in its artificial intelligence projects, Truist Securities said in a note.Apple (AAPL) shares rose 4.6%, the best performer on the Dow. The tech giant plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices for consumers, Nikkei Asia reported, citing unnamed sources.West Texas Intermediate crude oil was down 0.4% at $68.28 a barrel intraday, while Brent fell 0.3% to $71.36."Brent extended its slide towards $70 and pre-war levels as flows through the Strait of Hormuz continued to recover, while signs of progress in indirect US-Iran talks further eased supply concerns," Saxo Bank said in a report.Gold was up 1.1% at $4,127.50 per troy ounce, while silver gained 1% to $61.16 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$CSCO$NVDA$TSLA

Asia Markets77d ago

Update: US Equity Indexes Mixed Following Weakest Jobs Report in Four Months

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as the economy added the fewest jobs since February, triggering a rotation out of high-growth sectors and into defensives.The Nasdaq Composite dropped 1.4% to 25,681.1, and the S&P 500 declined 0.6% to 7,441.9 after midday Thursday. The Dow Jones Industrial Average bucked the trend, remaining 0.6% higher at 52,752.5 after hitting a new all-time peak earlier in the session.Communication services, technology, and consumer discretionary were the steepest decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Hourly earnings increased by 0.35%, compared with the 0.3% gain expected, and following a 0.27% gain in May. Hourly earnings were up 3.5% year-over-year.Meanwhile, Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.The probability of the Federal Reserve staying on a policy hold in September jumped to 46% on Thursday afternoon from 36% a day ago, according to the CME FedWatch tool. The likelihood that the Fed pause will extend into October and December also increased.Most US Treasury yields fell, with the two-year down 3.5 basis points to 4.13%."The US job market stumbled in June and wasn't quite as solid as previously believed over the prior two months," Derek Holt, head of capital markets economics at Scotiabank, said in a note. "The result drove down shorter-term US Treasury yields and reduced OIS contract pricing for hikes, with the September contract now down 10bps from the full hike pricing back on September 22nd."Gold futures advanced 1.2%% to $4,129.7, and silver futures jumped 1.4% to $61.37.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.Negotiators spent two days discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, two critical issues under the initial deal, sources familiar with the discussions told Reuters. Iran issued a fresh warning for vessels to follow Tehran-designated routes through the Strait of Hormuz, CNN reported Thursday.The front-month global benchmark North Sea Brent declined 0.6% to $71.17 per barrel, and the US West Texas Intermediate fell 0.6% to $68.16 per barrel.In company news, Tesla's (TSLA) shares slumped 7.8% even as the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.Apple (AAPL) plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices, Nikkei Asia reported Thursday, citing sources familiar with the matter. Shares jumped 4.7%, the Dow's top gainer.

Dow JonesNasdaq CompositeS&P 500$AAPL$TSLA

Asia Markets77d ago

Exchange-Traded Funds Fall, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) lost 2%.US equity indexes traded mixed as investors rotated out of high-growth sectors and into defensives after the economy added the fewest jobs since February.EnergyIShares US Energy ETF (IYE) was up 0.4% and the State Street Energy Select Sector SPDR (XLE) added 0.6%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) dropped 3%; iShares US Technology ETF (IYW) shed 2.8%, and iShares Expanded Tech Sector ETF (IGM) was down 2.9%.The State Street SPDR S&P Semiconductor (XSD) fell 7.4%, and iShares Semiconductor (SOXX) declined 6.1%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 1%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 2.9%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), dropped 2.7%.CommoditiesCrude oil slipped 0.7%, and the United States Oil Fund (USO) rose 0.4%. Natural gas lost 0.7%, and the United States Natural Gas Fund (UNG) was down marginally.Gold on Comex rose 1.2%, and the State Street SPDR Gold Shares (GLD) added 2%. Silver was up 1.4%, and iShares Silver Trust (SLV) was 2.6% higher.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) rose 1.8%. The Vanguard Consumer Staples ETF (VDC) gained 1.7%, and iShares Dow Jones US Consumer Goods (IYK) was up 1.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 1.1%. VanEck Retail ETF (RTH) rose 1.2%, and the State Street SPDR S&P Retail (XRT) dipped 0.2%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 2.1%, iShares US Healthcare (IYH) gained 2%, and Vanguard Health Care ETF (VHT) was up 1.9%. IShares Biotechnology ETF (IBB) added 1.7%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) dipped 0.5%. Vanguard Industrials Index Fund (VIS) was lower while iShares US Industrials (IYJ) was flat.CryptocurrencyIn midday activity, bitcoin (BTC-USD) rose 3.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) gained 3.1%, ProShares Ether ETF (EETH) was up 5.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 3.2% higher.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Japan77d ago

Update: US Equity Indexes Mixed as Sell-Off in Growth Sectors Follows Smallest Job Addition in Four Months

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as investors rotated out of high-growth sectors and into defensives after the economy added the fewest jobs since February.The Nasdaq Composite fell 0.5% to 25,814.1, and the S&P 500 declined 0.2% to 7,465.4 after midday Thursday. The Dow Jones Industrial Average bucked the trend, remaining 0.7% higher at 52,752.5 after hitting a new all-time peak of 52,805.12 earlier in the session.Communication services, technology, and consumer discretionary were the only decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Meanwhile, Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.Most US Treasury yields fell, with the 10-year down 1.4 basis points to 4.46%. The two-year rate retreated 4.8 basis points to 4.12%.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.The front-month global benchmark North Sea Brent declined 1.2% to $70.75 per barrel, and the US West Texas Intermediate fell 1.2% to $67.76 per barrel.

Dow JonesNasdaq CompositeS&P 500

Asia Markets78d ago

Wall Street Set to Open Higher in Thursday Trading; US Adds Only 57,000 Jobs in June

US stocks look set to open higher in Thursday's trading session as investors parse key employment data released earlier in the morning.Dow Jones Industrial Average futures were up 0.3%, S&P 500 futures gained 0.2%, and Nasdaq futures rose 0.1%.Oil prices were heading sharply lower, with front-month global benchmarks Brent crude dropping 1.2% to $70.71 a barrel, while West Texas Intermediate crude was tumbling 1.4% to $67.60 a barrel.Investors are mulling over nonfarm payrolls, initial jobless claims, unemployment data, and average hourly earnings figures released by the US Bureau of Labor Statistics.US nonfarm payrolls rose only 57,000 in June, well below the 113,000 increase expected by analysts polled by Bloomberg and following a revised 129,000 gain in May. The unemployment rate for June declined to 4.2% from 4.3% in May, while Bloomberg expected the rate to remain unchanged.Initial jobless claims decreased to 215,000 in the week ended June 27 from a revised 216,000 the previous week, falling short of the 218,000 expected by analysts surveyed by Bloomberg. Average hourly earnings for June rose to 0.4% from 0.3%, compared with forecasts of 0.3%.In other world markets, Japan's Nikkei fell 2.5%, Hong Kong's Hang Seng rose 0.8%, and China's Shanghai Composite dropped 2%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.8%, Germany's DAX was rising 1.5%, and France's CAC was tracking 1.2% higher.In equities, shares of StablecoinX (USDE) soared 75% in Thursday's premarket session after the company said Thursday that it has launched its flagship infrastructure software platform StablecoinX Harness.SurgePays (SURG) shares were up 36% after the company said it amended an agreement with one of its tier 1 wholesale wireless network providers.Tenax Therapeutics (TENX) shares were rising almost 12% after the company said Thursday that results from a phase 3 clinical trial will be presented in a late-breaking clinical science session at the European Society of Cardiology Congress 2026.On the losing side, Linkhome (LHAI) shares were down 38% in Thursday premarket activity, following the previous session's 315% gain after the company announced the acquisition of Mortgage One Group.Elicio Therapeutics (ELTX) stock was down 32% after pricing a registered direct offering of about 4.4 million shares.INLIF (INLF) shares were down 26% after its board approved a 1-for-200 share combination.

Dow JonesNasdaq CompositeS&P 500$ELTX$INLF$LHAI$SURG$TENX$USDE

Commodities78d ago

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday Amid Latest Economic Reports

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.4% in Thursday's premarket activity, amid the latest economic reports.US stock futures were mixed, with S&P 500 Index futures rose 0.4%, Dow Jones Industrial Average futures advancing 0.5%, and Nasdaq futures retreating 0.5% before the start of regular trading.US initial jobless claims fell to 215,000 from 216,000 in the prior week, coming in below economists' expectations of 218,000.US nonfarm payrolls increased by 57,000 in June, well below expectations for a gain of 113,000 and down from a revised 129,000 increase in May, while the unemployment rate edged down to 4.2% from 4.3%, beating forecasts for no change.May's factory orders report will be released at 10 am ET, followed by the weekly EIA natural gas report at 10:30 am ET.The weekly Baker Hughes oil-and-gas rig count will be released at 1 pm ET.In premarket action, bitcoin was up by 1.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.7% higher, Ether ETF (EETH) advanced 2.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 2.8%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased by 0.5%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Alibaba (BABA) shares were down more than 1% pre-bell after gaining 2.1% at Wednesday's close. The US Department of Justice said Wednesday that the company and its US-based payment processor, AUS Merchant Services, agreed to pay a combined $600 million to resolve US allegations over illegal product sales on the company's e-commerce platforms.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.7% lower.UBS Group AG (UBS) shares traded up 3.4% in early hours activity after the Financial Times reported that the company plans to begin testing everyday banking services for its US employees as early as December, laying the groundwork for a full-service bank targeting wealthy American clients by mid-2027.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.1%, while the Vanguard Industrials Index Fund (VIS) was inactive and the iShares US Industrials ETF (IYJ) was flat.Forgent Power Solutions (FPS) stock was down more than 2% before the opening bell after the company priced an upsized public offering of its class A common shares at $49 each.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.6%, the Vanguard Health Care Index Fund (VHT) was flat, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.9% higher.Novartis (NVS) stock was up more than 1% premarket after the company received European Commission approval for its gene replacement treatment, Itvisma, to treat spinal muscular atrophy in patients aged 2 and older.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was flat.TotalEnergies (TTE) stock advanced more than 1% before the opening bell after the company agreed to sell its 85% interest in Block 2E offshore Malaysia to INPEX for $350 million.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.9%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) down 1.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 1.2%, while the iShares Semiconductor ETF (SOXX) rose by 1.9%.Nvidia (NVDA) shares were down 0.4% in premarket activity, extending losses from the previous day's 1.3% fall. The company said it is expanding access to its artificial intelligence infrastructure by introducing a revenue-sharing model that grants token credits to developers in exchange for a portion of the recurring earnings from the cloud networks.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.8% to $67.31 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.2% to $3.18 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 1%, while the United States Natural Gas Fund (UNG) was 0.7% lower.Gold futures for July were up by 1.1% to $4,129.62 an ounce on the Comex. Silver futures was up by 2.3% to $61.89 an ounce. SPDR Gold Shares (GLD) advanced by 2.3%, and the iShares Silver Trust (SLV) was 3.6% higher.

Dow JonesNasdaq CompositeS&P 500$BABA$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$FPS$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVDA$NVS$PMR$QQQ$RTH$SLV$SOXX$SPY$TTE$UBS$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

US Markets78d ago

Stocks Mostly Up Pre-Bell Ahead of Key Jobs Report

US equity markets were mostly tracking in the green before the opening bell Thursday as traders await a key employment report for June.The S&P 500 was slightly in the green in premarket activity, while the Nasdaq was off 0.4%. The Dow Jones Industrial Average rose 0.2%. The indexes finished the previous trading session lower.US markets will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.The nonfarm payrolls report for last month is scheduled to be released at 8:30 am ET. Government data is expected to show that the US economy added 115,000 jobs in June, compared with a 172,000 gain reported for the month prior, according to a Bloomberg poll.Employment in the US private sector increased less than expected in June, ADP (ADP) data showed Wednesday. Separately, Challenger Gray & Christmas said American employers announced 45,849 layoffs last month, down 53% from May and 4% from a year earlier. The reading marked the lowest monthly total since December 2025.Earlier in the week, government data showed job openings were little changed in May as hiring fell and separations rose.Treasury yields were trending upwards in premarket action, with the two-year rate rising 0.8 basis points to 4.17% and the 10-year rate adding 1.8 basis points to 4.49%.Federal Reserve Chair Kevin Warsh said Wednesday that inflation risks have eased, suggesting the central bank may be headed for another policy pause.The Fed remains committed to delivering price stability in the US, he said, reiterating what the Federal Open Market Committee said in its June policy statement."Inflation risks have come down," Warsh said at a European Central Bank forum in Portugal. "If there were people in household or the business sector or the financial markets who thought that this central bank was going to be comfortable with an inflation objective above 2%, well, I guess they'd be disappointed."Markets widely expect the Fed to keep rates unchanged again when it meets toward the end of July, according to the CME FedWatch tool.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am and the weekly Baker Hughes oil-and-gas rig count at 1 pm. Federal Reserve Bank of San Francisco President Mary Daly is slated to speak at 7:45 am.President Donald Trump told reporters on Wednesday that negotiations with Iran in Qatar were progressing, according to CNBC. "The denuclearization of Iran is moving along well," according to Trump. "They've had very good meetings and we'll see."US special envoys Jared Kushner and Steve Witkoff landed in Qatar on Tuesday for technical discussions tied to the initial agreement between Washington and Tehran.Qatar's Foreign Ministry said "positive progress" had been made in talks, Bloomberg News reported.West Texas Intermediate crude oil decreased 1.4% to $67.60 a barrel before the open, while Brent slipped 1.3% to $70.66.Shares of Meta Platforms (META) nudged 0.1% lower pre-bell after finishing Wednesday trading with an 8.8% jump.The Facebook and WhatsApp parent was reported to be building a cloud infrastructure business to sell access to artificial intelligence computing power and models, setting up a new area of competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOG, GOOGL) Google Cloud.Micron Technology (MU) fell nearly 2% while CoreWeave (CRWV) slipped 1.5%.Gold was slightly in the green at $4,083 per troy ounce, while bitcoin rose 1.7% to $61,199.

Dow JonesNasdaq CompositeS&P 500$AMZN$CRWV$GOOG$GOOGL$META$MSFT$MU

Japan78d ago

US Equity Futures Little Changed Thursday Pre-Bell as Investors Await Key Employment Data

US stock futures were quiet in Thursday's premarket session as investors awaited key employment data set for release later in the morning.Dow Jones Industrial Average futures rose 0.2%, S&P 500 futures were up close to 0.1%, and Nasdaq futures slipped 0.2%.Oil prices were lower, with front-month global benchmarks Brent crude dropping 1.7% to $70.38 a barrel, while West Texas Intermediate crude was down 1.9% to $67.27 a barrel.Investors are looking ahead to the weekly initial jobless claims data and the unemployment and average hourly earnings figures for June, all of which will be released by the US Bureau of Labor Statistics at 8:30 am ET.Initial jobless claims are expected to rise to 218,000 for the week ended June 27, from 215,000 the previous week, according to analysts polled by Bloomberg. The unemployment rate for June is forecast to remain at 4.3%, while average hourly earnings are expected to rise by 0.3% from May, according to Bloomberg.

Dow JonesNasdaq CompositeS&P 500

Asia Markets78d ago

Tech Caution Blunts Wall Street Pre-Bell; Asia Mixed, Europe Up

Wall Street futures pointed moderately lower pre-bell Thursday, as traders again weighed rich valuations in AI- and semiconductor-issues against rising tech sector capital spending.In the futures, the S&P 500 was off 0.1%, the Nasdaq declined 0.4%, but the Dow Jones was up 0.1%.Investors also await the June employment report from Washington, slated for an 8:30 am ET release. The private sector ADP employment report, out on Wednesday, indicated 98,000 net new jobs in June, a sign that the US economy has held firm through Middle East turmoil.West Texas Intermediate crude oil traded down 1.3% to $67.67 a barrel in morning action.Asian exchanges traded unevenly lower overnight, as AI and semiconductor issues took a hit. European bourses tracked moderately north at midday on the continent.On the economic calendar, in addition to the employment report, is the weekly jobless claims bulletin at 8:30 am ET, followed by the factory orders report for May at 10 am.The weekly EIA natural gas report logs at 10:30 am, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm.San Francisco Federal Reserve President Mary Daly is slated to speak on Thursday.In pre-market action, Bitcoin traded at $61,203, and 10-year US Treasuries offered 4.50%. Spot gold commanded $4,065 an ounce.

Dow JonesNasdaq CompositeS&P 500

Asia Markets78d ago

Update: US Equity Indexes Fall as Technology Slides, Warsh's Inflation Focus Lifts Treasury Yields

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes fell as technology chipped away at gains in communication services, government bond yields rose after Federal Reserve Chair Kevin Warsh reiterated his focus on inflation, and crude oil declined.The Nasdaq Composite fell 0.7% to 26,040.03 on Wednesday. The S&P 500 shed 0.2% to 7,483.23, and the Dow Jones Industrial Average was little changed at 52,305.24.Meta Platforms (META) is building a cloud infrastructure business to sell access to AI computing power and models, setting up a new area of competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOG, GOOGL) Google Cloud, Bloomberg reported Wednesday, citing people familiar with the matter. Shares of Meta surged 8.8%, one of the S&P 500's and the Nasdaq's top gainers.Of the bottom 10 stocks with a market capitalization of more than $200 billion each, nine were technology firms, according to data compiled by Finviz. Within these, the majority were either semiconductors or semiconductor equipment and materials. The steepest decline in the group was KLA (KLAC), down nearly 12%.Fed Chair Warsh said price risks have fallen in recent weeks, while reiterating his determination to ease inflation to the US central bank's 2% target, Bloomberg reported. "Expectations of inflation over the first four weeks of this period have come down, [and] inflation risks have come down."Most US Treasury yields rose, with the 10-year surging 5.9 basis points to 4.48%. The two-year rate jumped 4.2 basis points to 4.18%.Iranian Deputy Foreign Minister Kazem Gharibabadi said meetings with Qatari and Pakistani officials in Doha, Qatar, ended without direct talks between delegations from Washington and Tehran, according to Al Jazeera, a Middle East news agency. Gharibabadi said a communication channel will be set up for discussing breaches of the memorandum of understanding with the US, Al Jazeera cited Iran's official news agency, IRNA.Meanwhile, commercial shipping through the Strait of Hormuz surged over the past few weeks, with American military support helping boost oil flows to more than 10 million barrels a day, a US official told Bloomberg.The front-month global benchmark North Sea Brent declined 2.4% to $71.19 per barrel, and the US West Texas Intermediate retreated 2% to $68.10 per barrel.In economic news, outplacement firm Challenger, Gray & Christmas said firms planned to cut 45,849 jobs in June, down from 97,006 in May and 47,999 a year ago.ADP's monthly measure of private payrolls showed a 98,000 increase in June, missing the 120,000 jump indicated in a Bloomberg-compiled survey.The Institute for Supply Management's US manufacturing index fell to 53.3 in June from 54.0 in May, compared with forecasts for 53.9 in a Bloomberg-compiled poll, indicating a slower pace of expansion.The S&P Global US manufacturing index for June was revised down to 53.9 from the flash 55.7, versus expectations of no revision in a Bloomberg-compiled survey.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL$KLAC$META$MSFT

US Markets78d ago

Update: Dow Snaps Record Stretch Following Labor Data, Warsh Remarks

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average snapped its record run Wednesday as traders assessed fresh labor market data and comments from Federal Reserve Chair Kevin Warsh.The Dow ended the session just below the flatline at 52,305.2 after logging closing highs in the past two sessions. The Nasdaq Composite fell 0.7% to 26,040, while the S&P 500 slipped 0.2% to 7,483.2.Among sectors, technology saw the steepest decline, while communication services paced the gainers.In economic news, employment in the US private sector increased less than expected in June, according to ADP (ADP) data released Wednesday, a day before the Bureau of Labor Statistics is scheduled to release its widely watched nonfarm payrolls report."The pace of hiring is telling a story of both supply and demand. We know it's taking people longer to find work, but there also are signs of labor supply constraints in certain industries," ADP Chief Economist Nela Richardson said. "For now, the overall effect is a slowdown in job creation."Separately, Challenger Gray & Christmas said American employers announced 45,849 layoffs last month, down 53% from May and 4% from a year earlier. The reading marked the lowest monthly total since December 2025.The US economy is projected to have added 115,000 jobs in June, according to a Bloomberg-compiled survey. The monthly nonfarm payrolls report, which is usually released on a Friday, will be published on Thursday as US stock and bond markets will be closed Friday for the Independence Day holiday.Warsh, speaking at a European Central Bank forum in Portugal Wednesday, said inflation risks have eased, suggesting the central bank may be headed for another policy pause.The Fed remains committed to deliver price stability in the US, he said, reiterating what the Federal Open Market Committee said in its June policy statement."Inflation risks have come down," Warsh said. "If there were people in household or the business sector or the financial markets who thought that this central bank was going to be comfortable with an inflation objective above 2%, well, I guess they'd be disappointed."Markets expect the Fed to keep rates unchanged again when it meets toward the end of July, according to the CME FedWatch tool."The chairman's more favorable assessment of price pressures suggests an underlying support for maintaining the current level of policy as opposed to rate hikes," Stifel Chief Economist Lindsey Piegza said in a note.US Treasury yields were mixed, with the two-year yield down 1.7 basis points at 4.18% and the 10-year yield up 1.7 basis points at 4.49%.West Texas Intermediate crude oil was down 2.1% at $68.01 a barrel in Wednesday late-afternoon trade, while Brent fell 2.5% to $71.16.In company news, Meta Platforms (META) is building a cloud infrastructure business to sell access to AI computing power and models, setting up a new area of competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOG, GOOGL) Google Cloud, Bloomberg reported.Meta shares jumped 8.8%, the third-top gainer on the S&P 500, while Microsoft rose 3%, the third-best performer on the Dow. Amazon advanced 1.4% and Alphabet's class A shares added 1.1%.Nike (NKE) climbed 4.9%, the best performer on the Dow, after the sportswear giant reported fourth-quarter results late Tuesday.The company's latest quarterly results and sales guidance indicate a "choppy" turnaround for the sportswear company amid continued headwinds in China, BofA Securities said.Gold was last up 0.2% at $4,048.20 per troy ounce, while silver fell 0.4% to $59.69 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADP$AMZN$GOOG$GOOGL$META$MSFT$NKE$SPGI

Japan78d ago

US Equity Markets End Lower as Technology Sector Slides

US equity indexes fell Wednesday as the technology sector paced declines and traders assessed Federal Reserve Chair Kevin Warsh's comments on inflation.* Warsh said price risks have eased in recent weeks and reiterated his aim to bring inflation down to the Fed's 2% target, Bloomberg reported.* The US and Iran held indirect technical talks in Doha aimed at securing shipping flows through the Strait of Hormuz and a lasting ceasefire, Reuters reported, citing a source with direct knowledge of the talks and an Iranian official.* The Institute for Supply Management's US manufacturing index fell to 53.3 in June from 54 in May, compared with forecasts for 53.9 in a Bloomberg poll.* The S&P Global US manufacturing index for June was revised down to 53.9 from the flash reading of 55.7, versus expectations that the flash reading would be unrevised.* August West Texas Intermediate crude oil fell $1.52 to settle at $67.98 per barrel, while August Brent crude, the global benchmark, was last seen down $1.83 at $71.13.* Micron Technology (MU) signed a strategic customer agreement with General Motors (GM) to provide a long-term supply of memory and storage platforms for the automaker's future vehicle production. Micron shares still fell 11%.* Meta Platforms (META) is building a cloud infrastructure business to sell access to AI computing power and models, setting up competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOG, GOOGL) Google Cloud, Bloomberg reported. Meta shares rose 8.8%, the second-biggest gainer on the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL$META$MSFT$MU

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