FINWIRES · TerminalLIVE
FINWIRES

S&P 500 Index

S&P 500
IndexIndex

1,501 stories mentioning S&P 500 IndexUpdated just now

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

What's the latest news on S&P 500 Index?

International

Update: Continued Oil Price Decline, Micron Earnings Beat Drive US Equity Futures Higher

US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start of the US-Iran war and memory chip manufacturer Micron Technology (MU) posted strong fiscal Q3 financial results and issued upbeat guidance.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 2.3% higher.Oil prices dropped to their lowest level since Feb. 28 as more oil tankers have started exiting the Strait of Hormuz. Around 20 million barrels of crude have passed through the waterway in the last 24 hours, Reuters cited US Energy Secretary Chris Wright as saying.Front-month global benchmark North Sea Brent crude was down 0.9% to $73.18 per barrel and US West Texas Intermediate crude was 1.1% lower at $69.55 per barrel, slipping below $70 a barrel for the first time since March 2, Reuters said.Micron Technology shares rose 18% in premarket activity after the company overnight reported a fiscal Q3 earnings and revenue beat, and issued fiscal Q4 guidance above market expectations.The May core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, gained 0.3%, matching the increase in the prior month and in line with expectations in a survey compiled by Bloomberg. Durable goods new orders fell 4.5% in May after an 8.5% gain in the prior month, compared with expectations for a 5% decrease.Initial jobless claims dropped to 215,000 in the week ended June 20 from 227,000 in the previous week, compared with expectations for a smaller decrease to 225,000. Q1 GDP growth was revised up to a 2.1% annual rate from 1.6% previously, compared with expectations for no change.Federal Reserve New York President John Williams and Chicago President Austan Goolsbee are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 4.6% higher, Hong Kong's Hang Seng ended 1.4% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was up 0.9%, and Germany's DAX index was 1% higher in Europe's early afternoon session.In equities, joining Micron in the technology sector rally are semiconductor firms Broadcom (AVGO), AMD (AMD), and Intel (INTC), which were up 1.9%, 1%, and 1.4%, respectively.On the losing side, Alphabet's (GOOG, GOOGL) Google shares fell 1.8% after Bloomberg reported that the company is poised to lose two leading AI researchers to Anthropic. Alibaba (BABA) stock was down 2.6% after Bloomberg reported that Anthropic has alleged that Alibaba attempted to "illicitly" access its Claude artificial intelligence model through thousands of fraudulent accounts. Trip.com (TCOM) shares were down more than 12% after the company posted lower Q1 non-GAAP earnings.

Dow JonesNasdaq CompositeS&P 500$AMD$AVGO$BABA$GOOG$GOOGL$INTC$MU$TCOM
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday as Investors Embrace AI Growth Themes, Reduced Middle East Risks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.7%, and the actively traded Invesco QQQ Trust (QQQ) advanced 2.1% in Thursday's premarket activity, as investors welcomed signs of stability in the Middle East, while technology shares rallied on expectations for continued AI spending.US stock futures were also higher, with S&P 500 Index futures up 0.7%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 2.1% before the start of regular trading.Reports releasing at 8:30 am ET include the personal income and outlays report for May, the third and final estimate report of Q1 gross domestic product, the weekly jobless claims bulletin, the durable goods orders report, and the Chicago Fed national activity index, both for last month.The Kansas City Fed manufacturing index for June posts at 11 am ET.New York Fed President John Williams and Chicago Fed President Austan Goolsbee are slated to speak on Thursday.In premarket action, bitcoin was down by 2.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.1% higher, Ether ETF (EETH) advanced 3.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.01%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.2%, the Vanguard Health Care Index Fund (VHT) was down 0.4%, while the iShares US Healthcare ETF (IYH) was flat, and the iShares Biotechnology ETF (IBB) was up 0.1%.Bio-Techne (TECH) stock rose more than 19% premarket after the company signed a definitive agreement to be acquired by Germany's Merck KGaA for $73 a share, representing an enterprise value of $11.3 billion.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 2.8%, and the iShares US Technology ETF (IYW) was 3.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 4.4%, while the iShares Semiconductor ETF (SOXX) rose by 5.1%.Micron Technology (MU) shares were up over 17% in premarket activity after the company overnight reported a fiscal Q3 earnings and revenue beat, and its guidance for the next quarter also came in above market expectations.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was marginally lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) fell by 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Trip.com (TCOM) shares were down more than 11% pre-bell after the company reported lower Q1 non-GAAP earnings.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) gained 1.7% and the iShares US Industrials ETF (IYJ) was flat.MDA Space (MDA) stock was up 2.7% before the opening bell after the company said it would provide digital payload, antennas, and subsystems for Japan's defense communications satellite program under contracts from Mitsubishi Electric.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) fell 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% higher.Barclays (BCS) shares traded up 2% in early hours activity after the company said that the projected capital ratios for its US business remained above the regulatory minimum levels across all nine quarters of the Federal Reserve's stress test.EnergyThe iShares US Energy ETF (IYE) gained 0.03%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.4%.TotalEnergies (TTE) stock was down more than 1% before market open after closing the previous session with a 2% fall. The company said Wednesday it acquired a 10% stake in the Bab Gas Cap Concession in Abu Dhabi, joining an international consortium to develop the major onshore gas field.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.7% to $69.84 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.4% to $3.27 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 0.4%, while the United States Natural Gas Fund (UNG) was 1.3% higher.Gold futures for July were down by 0.2% to $4,000.90 an ounce on the Comex. Silver futures retreated by 1.3% to $57.74 an ounce. SPDR Gold Shares (GLD) declined by 0.2%, and the iShares Silver Trust (SLV) was 0.1% higher.

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

Continued Oil Price Decline, Micron Earnings Beat Drive US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start of the US-Iran war and memory chip manufacturer Micron Technology (MU) posted strong fiscal Q3 financial results and issued upbeat guidance.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.7%, and Nasdaq futures were 2.1% higher.Oil prices dropped to their lowest level since Feb. 28 as more oil tankers have started exiting the Strait of Hormuz. Around 20 million barrels of crude and 72 vessels have successfully passed through the waterway in the last 24 hours, Reuters cited US Energy Secretary Chris Wright as saying.Micron Technology shares rose 16% in premarket activity after the company overnight reported a fiscal Q3 earnings and revenue beat, along with fiscal Q4 guidance that came in above market expectations.Front-month global benchmark North Sea Brent crude was down 0.6% at $73.43 per barrel and US West Texas Intermediate crude was 0.7% lower at $69.83 per barrel.The May core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, scheduled for release at 8:30 am ET, is expected to increase 0.3%, up from the prior month's gain of 0.2%, according to estimates compiled by Bloomberg. The May durable goods orders report is expected to show a 5.0% decrease after a gain of 8.0% in the prior month.Initial jobless claims are projected to have declined to 225,000 in the week ended June 20 from 226,000 in the prior week. The preliminary estimate for Q1 GDP is seen coming in at 2.0%, unchanged from the prior value. No change is expected for Q1 GDP, which is seen holding at a 1.6% annual rate.Federal Reserve New York President John Williams and Chicago President Austan Goolsbee are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$MU
Stocks Rise Pre-Bell as Traders Assess Micron Results, Await Key Inflation Data
US Markets

Stocks Rise Pre-Bell as Traders Assess Micron Results, Await Key Inflation Data

US equity markets were pointing higher before the opening bell Thursday as traders parse Micron Technology's (MU) latest financial results and await key inflation and economic data.The S&P 500 rose 0.8%, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq increased 2.2% in premarket activity. The S&P 500 and Nasdaq closed Wednesday trading down for the third consecutive session, while the Dow finished in the green.Shares of Micron jumped 16% pre-bell as the semiconductor manufacturer issued an upbeat fiscal fourth-quarter outlook and reported stronger-than-expected results for the prior three-month period.Micron's "stellar" earnings report eased tech investors' concerns about the artificial intelligence and memory trade, Wedbush Securities said in a Wednesday client note."The tech sector and chip trade still has a lot of room to go higher over the coming months as the stellar demand trends from our recent Asia checks gives us further confidence to own tech stocks into the second half of 2026 with a stronger growth trajectory ahead," according to the brokerage.Qualcomm's (QCOM) stock rose 12% after the company agreed to acquire software infrastructure firm Modular in a roughly $3.92 billion deal. Nvidia (NVDA) gained 1.4%, while Intel (INTC) advanced 5.4%.Bio-Techne (TECH) spiked 22% as the firm agreed to be acquired by Germany's Merck KGaA in a deal worth $11.3 billion.The personal income and outlays report for May is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.Treasury yields rose in premarket action, with the two-year rate advancing 1.3 basis points to 4.15% and the 10-year rate adding 0.8 basis points to 4.41%.Thursday's economic calendar also has the third and final estimate report of the first-quarter gross domestic product at 8:30 am, along with the weekly jobless claims bulletin, the durable goods orders report and the Chicago Fed national activity index, both for last month. The Kansas City Fed manufacturing index for June posts at 11 am.New York Fed President John Williams is slated to speak at 3:40 pm, while Chicago Fed President Austan Goolsbee speaks at 6:30 pm.West Texas Intermediate crude oil declined 1.1% to $69.54 a barrel before the open, while Brent decreased 1.4% to $72.72.Iran's Islamic Revolutionary Guard Corps reportedly said Wednesday it would be "unacceptable and dangerous" for ships to transit new routes through the Strait of Hormuz without coordination with Tehran, CNBC reported, citing local state media.In an emailed report on Wednesday, Stifel said 39 ships moved through the crucial waterway on Monday, still well below the usual average of over 100, but a strong improvement after more than three months of a complete halt in traffic.Darden Restaurants (DRI), TD Synnex (SNX), McCormick (MKC), Acuity (AYI), Commercial Metals (CMC) and BlackBerry (BB) report their latest financial results before the bell, among others.Gold slipped 0.2% to $4,002 per troy ounce, while bitcoin gained 3% to $61,489.

Dow JonesNasdaq CompositeS&P 500$AYI$BB$CMC$DRI$INTC$MKC$MU$NVDA$QCOM$SNX$TECH
International

Tech Revives Wall Street Pre-Bell; Asia Rallies, Europe Up

Wall Street futures pointed solidly higher pre-bell Thursday after memory-chip maker Micron Technology (MU) late Wednesday posted strong fiscal Q3 results and upbeat guidance, thus igniting a rally in peer issues.Micron Technology shares rose 18.6% pre-bell, while shares in the VanEck Semiconductor ETF (SMH) rose 4.5%.In the futures, the S&P 500 rose 0.7%, the Nasdaq inclined 2.2% and the Dow Jones was up 0.2%.West Texas Intermediate crude oil futures traded down 1% to $69.63 a barrel, dipping below $70 for the first time since late February. Gold declined to under $4,000 an ounce, for the first time since November of last year.Investors are awaiting the personal consumption expenditures-core (PCE-core) price index for May, the Federal Reserve's preferred inflation gauge, slated for release in Washington at 8:30 am ET.Asian exchanges rallied overnight, led by a 5.4% rise on Seoul's KOSPI index, and a 4.6% gain on Tokyo's Nikkei 225, with the broader indices pulled up by tech shares.European bourses tracked moderately north midday on the continent.On the economic calendar, in addition to the PCE-core release, is the weekly jobless claims report, along with the durable goods orders bulletin for May, both at 8:30 am ET.Also posting at 8:30 am is the final Q1 GDP report, the personal income and outlays release for May, the Chicago Fed National Activity Index for May,the revised Q1 corporate profits report, and the retail and wholesale inventories reports for May.The weekly EIA natural gas bulletin logs at 10:30 am, followed by the Kansas City Fed Manufacturing Index for June at 11 am.Federal Reserve New York president John Williams and Chicago presidentAustan Goolsbee are slated to speak on Thursday.In pre-market action, bitcoin traded at $61,476, and 10-year US Treasuries offered 4.41%. Spot gold commanded $3,989 an ounce.

Dow JonesNasdaq CompositeS&P 500$MU
International

Update: US Equity Indexes Mixed as Technology Gives Up Intraday Gains, Crude Oil Sinks

(Updates with index/price moves and political/company news from the first paragraph.)US equity indexes traded mixed on Wednesday, as technology relinquished intraday gains and crude oil plunged amid a recovery in flows through the Strait of Hormuz in the Persian Gulf.The Nasdaq Composite fell 0.4% to 25,476.64, and the S&P 500 was down 0.1% to 7,358.22, giving up all intraday gains. The Dow Jones Industrial Average rose 0.4% to 51,848.90. Technology, which traded higher earlier in the session, ended up lower at the close. Energy was the standout decliner, while industrials and utilities led the gainers.After the bell on Wednesday, Micron Technology (MU) reported fiscal Q3 earnings and revenue that beat market expectations. Its Q4 forecasts were also above consensus. Shares jumped more than 8% in after-hours trading.Most US Treasury yields declined, with the 10-year down 8.7 basis points to 4.41%. The two-year rate dropped 4.6 basis points to 4.15%.In precious metals, gold futures dived 3.2% to $4,016.9, and silver futures plummeted 7% to $57.70.In geopolitical news, US Secretary of State Marco Rubio said technical talks with Iran are scheduled for next week in Geneva, Switzerland, with no tolls in the Strait of Hormuz set when a final deal is agreed on, Al Jazeera, a Middle East broadcaster, reported on Wednesday.Ships have begun sailing through the Strait of Hormuz under a new scheme by the International Maritime Organization to evacuate the trapped vessels, a spokesperson told Reuters on Wednesday. The initiative will enable hundreds of ships, with some 11,000 seafarers stranded in the Gulf, to sail through Hormuz.Some 20 million barrels of crude oil have exited the Strait of Hormuz in the last 24 hours, US Energy Secretary Chris Wright told the Reuters Global Energy Forum in New York, according to the Al Jazeera news report.Front-month global benchmark North Sea Brent sank 5.1% to $73.12 per barrel, and the US West Texas Intermediate dropped 4.6% to $69.81 per barrel. WTI is trading close to levels seen before the Iran war.In economic news, US new-home sales decelerated to a 580,000 annual rate in May from an upwardly revised 626,000 rate in April, below the 640,000 rate expected in a Bloomberg-compiled survey. Home sales were down 6.8% from May 2025.Mortgage applications in the US increased last week as refinancing activity improved while home purchase demand edged lower, the Mortgage Bankers Association said. The market composite index, which measures loan application volume, increased 1% in the week ended June 19. On an unadjusted basis, the index decreased 10% compared with the previous week. This week's results include an adjustment for the Juneteenth holiday."Despite the elevated mortgage rates and overall economic uncertainty, mortgage application volume is running 8% above year-ago levels," said Mike Fratantoni, the MBA's chief economist.

Dow JonesNasdaq CompositeS&P 500$MU
Update: Nasdaq, S&P 500 Extend Slide on AI-Chip Caution; Oil Sinks
US Markets

Update: Nasdaq, S&P 500 Extend Slide on AI-Chip Caution; Oil Sinks

(Updates with market moves at the end of the day.)The Nasdaq Composite and S&P 500 fell Wednesday for the third straight session amid caution on the AI-chip trade, while oil prices tumbled as supply concerns eased.The technology-heavy Nasdaq fell 0.4% to 25,476.6, erasing earlier gains, and the S&P 500 shed 0.1% to 7,358.2. The Dow Jones Industrial Average rose 0.4% to 51,850.9. Among sectors, energy posted the biggest drop, while industrials paced the gainers.Micron Technology (MU) shares fell 0.3% in regular trading Wednesday following a 13% drop in the previous session as part of the tech slump. The stock jumped 15% in after-hours trading after fiscal third-quarter results topped estimates.KB Home (KBH) shares jumped 17% a day after the homebuilder released second-quarter results. Truist Securities attributed the gain to the company's improving gross margins.Builders FirstSource (BLDR) shares rose 11%, the top gainer on the S&P 500.Qualcomm (QCOM) agreed to acquire software infrastructure firm Modular for about $3.92 billion in stock as the semiconductor giant looks to bolster its ability to deliver a more optimized AI compute layer. Qualcomm shares fell 3.3%.Paychex (PAYX) issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. The human resources software provider's shares dropped 1.7%.West Texas Intermediate crude oil fell 4.7% to $69.79 a barrel in late trading, and Brent dropped 5.2% to $73.09. Tankers continued to move through the crucial Strait of Hormuz after being stuck due to the US-Iran war.Citing data analytics company Kpler, Stifel said 39 ships moved through the chokepoint on Monday. "Still well below the typical average of over 100, this is a vast improvement after more than three months of a complete halt of traffic," the brokerage said Wednesday in a report. "Both the US and Iran have signaled broad-based progress toward ending the war. That being said, the situation remains delicate as negotiations continue."US President Donald Trump, in a social media post, criticized oil companies for "not dropping their prices at the pump commensurate with the sharply lower prices they are paying for oil." Trump said he had instructed the Department of Justice "to immediately start looking into this."US Treasury yields were lower, with the 10-year rate last seen down 9.5 basis points at 4.41% and the two-year rate falling 4.3 basis points to 4.15%.In economic news, new-home sales in the US unexpectedly declined last month as prices moved higher, government data showed."New home sales were much weaker than expected in May, but we think the pace of sales in May probably marks the bottom of what will be a noisy range over the next few months rather than the start of a more sustained decline," Oxford Economics said in a note. "We expect sales to improve later in the year based on our forecast for mortgage rates to move lower."Gold was last seen down 3.2% at $4,017.60 per troy ounce, while silver slumped 7% to $57.72 per ounce.

Dow JonesNasdaq CompositeS&P 500$BLDR$KBH$MU$PAYX
International

US Equity Markets Mixed as Crude Oil Prices, Government Bond Yields Fall

US equity indexes were mixed on Wednesday amid a decline in crude oil prices and government bond yields.* US new-home sales decelerated to a 580,000 annual rate in May from an upwardly revised 626,000 rate in April, below the 640,000 rate expected in a Bloomberg-compiled survey. Home sales were down 6.8% from May 2025.* The market composite index, which measures mortgage application volume, increased 1% in the week ended June 19. On an unadjusted basis, the index decreased 10% compared with the previous week.* August West Texas Intermediate crude oil fell $3.23 to settle at $69.99 per barrel, while August Brent crude, the global benchmark, was last seen down $3.84 at $73.24.* In an analyst note, UBS named American Airlines Group (AAL) and United Airlines Holdings (UAL) as its top picks ahead of Q2 results. United Airlines shares were up nearly 6%, among the top gainers on the S&P 500.* Blackstone (BX) is preparing to invest $30 billion in AI data centers in Japan within the next three to five years, Nikkei Asia reported, citing an interview with Chief Operating Officer Jonathan Gray. Blackstone shares were down about 6.4%, the second-worst performer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$AAL$BX$UAL
International

Update: US Equity Indexes Mixed as Technology Drops, Crude Oil Sinks

(Updates with index/price moves and political news from the first paragraph.)US equity indexes traded mixed in the final leg of trading on Wednesday, as technology topped sector declines ahead of Micron Technology's (MU) quarterly results post-bell and crude oil plunged.The Nasdaq Composite fell 0.6% to 25,425.1, and the S&P 500 was down 0.2% to 7,350.2, giving up all intraday gains. The Dow Jones Industrial Average rose 0.4% to 51,869.3. Technology traded higher earlier in the session.Micron is set to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $20.83 per share on revenue of $35.85 billion.In geopolitical news, US Secretary of State Marco Rubio said technical talks with Iran are scheduled for next week in Geneva, Switzerland, with no tolls in the Strait of Hormuz set when a final deal is agreed on, according to a report from Al Jazeera, a Middle East news agency.Ships have begun sailing through the Strait of Hormuz under a new scheme by the International Maritime Organization to evacuate the trapped vessels, a spokesperson told Reuters on Wednesday. The initiative will enable hundreds of ships, with some 11,000 seafarers stranded in the Gulf, to sail through Hormuz.Front-month global benchmark North Sea Brent sank 5.2% to $73.12 per barrel, and the US West Texas Intermediate plunged 4.5% to $69.95 per barrel.Most US Treasury yields declined, with the 10-year down 8.3 basis points to 4.41%. The two-year rate dropped 4.6 basis points to 4.15%.In precious metals, gold futures dived 3.7% to $3,995.5, and silver futures plummeted 8.6% to $56.78.

Dow JonesNasdaq CompositeS&P 500$MU
Update: Equity Markets Mixed Intraday Ahead of Micron Results; Oil Sinks
US Markets

Update: Equity Markets Mixed Intraday Ahead of Micron Results; Oil Sinks

(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday as markets awaited Micron Technology's (MU) latest quarterly results, while oil prices tumbled as tankers continued to move through the Strait of Hormuz.The Nasdaq Composite was down 0.4% at 25,479.2 after midday Wednesday, while the S&P 500 fell 0.2% to 7,347.6. The Dow Jones Industrial Average rose 0.2% to 51,767.7. Among sectors, energy saw the biggest drop, while consumer discretionary paced the gainers.Ahead of its results -- due after the closing bell Wednesday -- Micron shares were down 2.6%, following a 13% slump in the previous session amid a sell-off in chip-related stocks.Trip.com (TCOM), Jefferies Financial (JEF) and H. B. Fuller (FUL) are also scheduled to report after the markets close.KB Home (KBH) shares surged 17% after the homebuilder released its results. Builders FirstSource (BLDR) shares jumped 10%, the top gainer on the S&P 500.Paychex (PAYX) issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. The human resources software provider's shares were down 1.5% intraday.West Texas Intermediate crude oil was down 4.2% at $70.17 a barrel, while Brent dropped 4.3% to $73.75, both off session lows.The price declines came as tankers continued to move through the crucial Strait of Hormuz after being trapped in the Persian Gulf due to the US-Israel war with Iran that started at the end of February.Three stranded tankers carrying about 5 million barrels of crude oil were exiting the narrow waterway Wednesday, with two heading to Asia, Reuters reported, citing shipping data."With shipping traffic steadily improving through the Strait of Hormuz, traders are increasingly focused on a growing queue of cargoes waiting to move," Saxo Bank said in a report.US President Donald Trump, in a social media post, criticized oil companies for "not dropping their prices at the pump commensurate with the sharply lower prices they are paying for oil." Trump said he had instructed the Department of Justice "to immediately start looking into this."Last week, the US and Iran signed a memorandum of understanding to end the war and reopen the Strait of Hormuz, a crucial chokepoint for crude flows that connects the Persian Gulf with the Gulf of Oman and the Arabian Sea.US Secretary of State Marco Rubio is in the Persian Gulf region, seeking to sell the US-Iran deal to the Bahrain, Kuwait, and the United Arab Emirates, which are expected to be among its biggest skeptics, CNN reported Wednesday.US Treasury yields were lower intraday, with the 10-year rate down 9.8 basis points at 4.40% and the two-year rate falling 5.1 basis points to 4.15%.In economic news, new-home sales in the US unexpectedly declined last month as prices moved higher, government data showed."New home sales were much weaker than expected in May, but we think the pace of sales in May probably marks the bottom of what will be a noisy range over the next few months rather than the start of a more sustained decline," Oxford Economics said in a note. "We expect sales to improve later in the year based on our forecast for mortgage rates to move lower."Gold was down 3.5% to $4,004.30 per troy ounce, while silver slumped 6.9% to $57.78 per ounce.

Dow JonesNasdaq CompositeS&P 500$BLDR$FUL$JEF$KBH$MU$PAYX$TCOM
International

Update: US Equity Indexes Mixed Amid Gains in Consumer Discretionary, Industrials; Crude Oil Slumps

(Updates with index/price moves, macroeconomic data, and political/company news from the first paragraph.)US equity indexes were mixed, with consumer discretionary and industrials topping sector charts amid a sharp decline in crude oil prices and government bond yields.The Nasdaq Composite slipped 0.3% to 25,516.3, with the S&P 500 down 0.1% to 7,360.9, while the Dow Jones Industrial Average was higher by 0.4% to 51,867.3 on Wednesday afternoon.Health and materials were among the top gainers, while energy was the standout decliner.Front-month global benchmark North Sea Brent sank 3.4% to $74.22 per barrel, and the US West Texas Intermediate slid 3.6% to $70.61 per barrel.Ships have begun sailing through the Strait of Hormuz under a new scheme by the International Maritime Organization to evacuate the trapped vessels, a spokesperson told Reuters on Wednesday. The initiative will enable hundreds of ships, with some 11,000 seafarers stranded in the Gulf, to sail through Hormuz.US commercial crude oil stocks, excluding inventories in the Strategic Petroleum Reserve, declined by 6.1 million barrels during the week ended June 19, following an 8.3-million-barrel slump in the previous week, a steeper dive than the 3.6 million-barrel slide expected in a survey compiled by Bloomberg.The Senate for the first time approved a war powers resolution Tuesday seeking to block US military action against Iran, as lawmakers warily watch President Donald Trump's efforts to resolve a conflict that the administration launched on its own and now needs Congress to fund, the Associated Press reported.Most US Treasury yields declined, with the 10-year down 8.3 basis points to 4.41%. The two-year rate dropped 4.6 basis points to 4.15%.In company news, Micron Technology (MU) is set to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $20.83 per share on revenue of $35.85 billion.In economic news, US new-home sales decelerated to a 580,000 annual rate in May from an upwardly revised 626,000 rate in April, below the 640,000 rate expected in a Bloomberg-compiled survey. Home sales were down 6.8% from May 2025.Mortgage applications in the US increased as refinancing activity improved while home purchase demand edged lower, the Mortgage Bankers Association said. The market composite index, which measures loan application volume, increased 1% in the week ended June 19. On an unadjusted basis, the index decreased 10% compared with the previous week. This week's results include an adjustment for the Juneteenth holiday."Despite the elevated mortgage rates and overall economic uncertainty, mortgage application volume is running 8% above year-ago levels," said Mike Fratantoni, MBA's chief economist.In precious metals, gold futures dropped 3.1% to $4,020.51, and silver futures slumped 5% to $59.97.

Dow JonesNasdaq CompositeS&P 500$MU
Asia Markets

Exchange-Traded Funds Rise as US Equities Advance After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) edged up.US equity indexes rose in midday trading on Wednesday amid a sharp decline in crude oil prices and government bond yields.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost about 1.9%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) fell 0.3%; iShares US Technology ETF (IYW) eased 0.1%, and iShares Expanded Tech Sector ETF (IGM) was down 0.2%.The State Street SPDR S&P Semiconductor (XSD) declined 2.2%, and iShares Semiconductor (SOXX) dipped 0.5%.FinancialThe State Street Financial Select Sector SPDR (XLF) eased 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed up 0.4%.CommoditiesCrude oil fell 3.4%, and the United States Oil Fund (USO) slipped 3.7%. Natural gas gained 1.6%, and the United States Natural Gas Fund (UNG) was up 1.3%.Gold on Comex eased 2.7%, and the State Street SPDR Gold Shares (GLD) fell 2.5%. Silver was down 5.1%, and iShares Silver Trust (SLV) shed 4.9%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) rose 1%. The Vanguard Consumer Staples ETF (VDC) added 1%, and iShares Dow Jones US Consumer Goods (IYK) was up 1%.The State Street Consumer Discretionary Select Sector SPDR (XLY) gained 2.1%. VanEck Retail ETF (RTH) rose 1.5%, and the State Street SPDR S&P Retail (XRT) was up 2.8%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.8%, iShares US Healthcare (IYH) added 1%, and Vanguard Health Care ETF (VHT) was up 1.2%. IShares Biotechnology ETF (IBB) gained 2.6%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) advanced 1.5%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) lost 3.5%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 4.4%, ProShares Ether ETF (EETH) was down 4.4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 2.2% lower.

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
International

Update: US Equity Indexes Rise Amid Slumping Crude Oil, Treasury Yields

(Updates with index/price moves and political/company news from the first paragraph.)US equity indexes rose in midday trading Wednesday amid a sharp decline in crude oil prices and government bond yields.The Nasdaq Composite climbed 0.6% to 25,751.3, with the S&P 500 up 0.6% to 7,412.7 and the Dow Jones Industrial Average higher by 0.9% to 52,127.6.All but three sectors, energy, real estate, and financials, rose. Consumer discretionary, industrials, and communication services topped the gainers.Front-month global benchmark North Sea Brent sank 3.9% to $74.05 per barrel, and the US West Texas Intermediate slid 3.8% to $70.45 per barrel.Ships have begun sailing through the Strait of Hormuz under a new scheme by the International Maritime Organization to evacuate the trapped vessels, a spokesperson told Reuters on Wednesday. The initiative will enable hundreds of ships with some 11,000 seafarers stranded in the Gulf to sail through Hormuz.Most US Treasury yields declined, with the 10-year down 9.3 basis points to 4.4%. The two-year rate dropped 5.2 basis points to 4.15%.In precious metals, gold futures dropped 3.2% to $4,018.90, and silver futures slumped 5.3% to $59.20.

Dow JonesNasdaq CompositeS&P 500
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Wednesday Amid Easing US-Iran Tensions

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.8% in Wednesday's premarket activity, amid easing tensions between the US and Iran.US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.2%, and Nasdaq futures gaining 0.6% before the start of regular trading.Mortgage applications rose by 1% in the week ended June 19 due to a small gain in refinancing activity, partially offset by a modest drop in new home applications as 30-year fixed mortgage rates decreased slightly, according to Mortgage Bankers Association data released Wednesday.New home sales activity for May will be released at 10:00 am ET, followed by the weekly crude oil stocks data at 10:30 am ET.In premarket action, bitcoin was up by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% higher, Ether ETF (EETH) advanced 0.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1%, while the Vanguard Industrials Index Fund (VIS) gained 1.2% and the iShares US Industrials ETF (IYJ) was inactive.FedEx (FDX) stock was down more than 7% before the opening bell after the company reported that the fiscal Q4 operating margin for its core delivery segment, Express, fell to 7.7% from 8.4% a year earlier.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was 0.8% higher, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was up 0.4%.MoonLake Immunotherapeutics (MLTX) stock was down more than 7% premarket a day after the company priced a public offering of 9 million shares at $20 each and warrants to purchase up to 1 million shares at $19.9999 each.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.01%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.1%, and the iShares US Consumer Staples ETF (IYK) was 2.1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) advanced by 0.3%.PulteGroup (PHM) shares were down more than 2% pre-bell. The company's Chief People Officer, Kevin Henry, surrendered 2,093 shares on June 22 to satisfy tax withholding obligations related to vested stock awards, leaving him with direct ownership of 12,580 shares, according to a regulatory filing with the US Securities and Exchange Commission on Tuesday.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.5%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.5% lower.ProAssurance (PRA) shares traded up 1% in early hours activity after the company said late Tuesday that it has received all required regulatory approvals for its planned merger with The Doctors Company, clearing the final major hurdle for the transaction.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced by 0.7%, and the iShares US Technology ETF (IYW) was 0.9% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained by 1.4%, while the iShares Semiconductor ETF (SOXX) rose by 1.3%.Qualcomm (QCOM) shares were up more than 1% in premarket activity after the company said it has agreed to acquire Modular to bolster its software foundation for generative and agentic artificial intelligence applications.EnergyThe iShares US Energy ETF (IYE) was down 0.5%, while the State Street Energy Select Sector SPDR ETF (XLE) declined by 1.1%.Baker Hughes (BKR) stock was up more than 1% before market open after the company signed a new commercial agreement with Mantle Reach Power for the large-scale deployment of geothermal energy in North America.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 2.9% to $71.12 per barrel on the New York Mercantile Exchange. Natural gas was up by 1.5% to $3.20 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 3%, while the United States Natural Gas Fund (UNG) was 0.9% higher.Gold futures for July were down by 3% to $4,025.80 an ounce on the Comex. Silver futures retreated by 5.2% to $59.27 an ounce. SPDR Gold Shares (GLD) declined by 2.6%, and the iShares Silver Trust (SLV) was 4.7% lower.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$BKR$EEM$EETH$EXI$FAS$FAZ$FDX$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MLTX$PHM$PMR$PRA$QCOM$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
International

Update: US Equity Futures Edge Higher Pre-Bell as Tech Stocks Rebound, Oil Prices Fall

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures edged higher pre-bell Wednesday as technology stocks rebounded after a broad sell-off in the sector, and oil prices continued to decline.S&P 500 futures were up 0.2%, Nasdaq futures were 0.4% higher, and Dow Jones Industrial Average futures were steady.Micron Technology (MU) stock was up 3.8% in premarket activity after falling 13% on Tuesday. The company is set to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $20.83 per share on revenue of $35.85 billion.President Donald Trump, in a post on Truth Social, called out oil companies for not lowering gasoline pump prices amid the recent drop in crude prices and said he has instructed the US Department of Justice to look into the issue. "Gasoline prices better start going down a lot faster than what I'm seeing!" Trump said.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.8% at $74.64 per barrel and US West Texas Intermediate crude 2.9% lower at $71.07 per barrel.May new home sales, due at 10 am ET, are seen at 640,000, up from 622,000 previously, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.9% lower, Hong Kong's Hang Seng ended 0.3% higher, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was 0.9% lower in Europe's early afternoon session.In equities, shares of AMD (AMD), Intel (INTC), ARM (ARM) were higher as part of a wider rebound in technology stocks. AMD shares rose 0.8%, Intel stock was up 1%, and ARM shares were 3% higher.On the losing side, BHP (BHP) stock was down 1.7% after Australian labor unions representing Port Hedland workers said that they have not yet reached an agreement with the company on wages and working conditions. FedEx (FDX) shares fell 6.1% after the company provided a calendar-year earnings outlook below analysts' consensus. Cerebras Systems (CBRS) stock was down more than 9% after the company posted a worse-than-expected Q1 net loss.

Dow JonesNasdaq CompositeS&P 500$AMD$ARM$BHP$CBRS$FDX$INTC$MU
Japan

US Equity Futures Edge Slightly Higher Pre-Bell as Tech Stocks Rebound, Oil Prices Decline

US equity futures were slightly higher pre-bell Wednesday as technology stocks rebounded after a broad sell-off in the sector, and oil prices continued to decline.Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.4% higher.Micron Technology (MU) stock was up 3.9% in premarket activity after falling 13% on Tuesday. The company is set to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $20.83 per share on revenue of $35.85 billion.President Donald Trump, in a post on Truth Social, called out oil companies for not lowering gasoline prices in line with the recent drop in crude prices, saying that he has instructed the US Department of Justice to look into the issue. "Gasoline prices better start going down a lot faster than what I'm seeing!" Trump said.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.2% at $75.13 per barrel and US West Texas Intermediate crude 2.4% lower at $71.47 per barrel.May new home sales, due at 10 am ET, are seen at a 640,000 annual rate, up from 622,000 previously, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500$MU
Stocks Mostly Up Pre-Bell Ahead of Micron's Latest Financial Results
US Markets

Stocks Mostly Up Pre-Bell Ahead of Micron's Latest Financial Results

US stock futures were mostly trending higher on Wednesday as markets looked to recover from the previous session's tech-driven selloff, while investors await Micron Technology's (MU) latest quarterly results.The S&P 500 rose 0.2% and the Nasdaq increased 0.5% before the opening bell, while the Dow Jones Industrial Average slipped 0.1%. The indexes closed Tuesday trading lower, with the Nasdaq logging its sharpest decline since June 5.Shares of Micron rose 3.9% pre-bell after closing the previous trading session down 13%. The semiconductor company is scheduled to post its fiscal third-quarter results after the markets close, with analysts on FactSet currently estimating non-GAAP earnings of $20.83 per share and sales of $35.85 billion.Tech bellwether Nvidia (NVDA) was up 0.7% after a 4.1% decline in the prior session. Intel (INTC) increased 1.9%, while Qualcomm (QCOM) advanced 2.1%.Tech stocks may face spillover impact from the recent sharp sell-off in South Korea, though the decline appears to be a "pullback/breather" in a market that almost doubled this year, Wedbush Securities said in a note on Tuesday.FedEx's (FDX) stock fell 7.2% as the parcel delivery giant issued a downbeat earnings outlook for the full 2026 calendar year. Wendy's (WEN) jumped 15% as the fast-food chain hired Potbelly Sandwich Works finance chief Steve Cirulis for the same role, effective Tuesday.West Texas Intermediate crude oil decreased 1.5% to $72.09 a barrel in premarket action, while Brent slipped 1.6% to $75.86.In a social media post early Wednesday, President Donald Trump said he has instructed the Department of Justice to "immediately start looking" into oil companies not lowering their prices."The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil," according to Trump. "Those prices are dropping like a rock! In other words, customers are being 'gouged.'"US Secretary of State Marco Rubio arrived in the Gulf region, aiming to sell the Iran deal to three countries -- the United Arab Emirates, Bahrain and Kuwait -- that are likely to be among the biggest skeptics, CNN reported Tuesday.Treasury yields were mixed before the open, with the two-year rate nudging higher by 0.1 basis point to 4.2% while the 10-year rate retreated 0.8 basis points to 4.49%.On Wednesday's economic calendar, the weekly mortgage applications bulletin posts at 7 am ET, followed by the new home sales report for May at 10 am. The weekly EIA domestic petroleum inventories report is due at 10:30 am.Paychex (PAYX) is expected to post its financial results before the bell, while Trip.com (TCOM), Jefferies Financial (JEF) and H. B. Fuller (FUL) report after the markets close.Gold declined 1.8% to $4,076 per troy ounce, while bitcoin traded up 0.3% at $62,455.

Dow JonesNasdaq CompositeS&P 500$FDX$FUL$INTC$JEF$MU$NVDA$PAYX$QCOM$TCOM$WEN
International

Tech Sector Rebounds on Wall Street Pre-Bell; Asia, Europe Steady

Wall Street futures pointed moderately higher pre-bell Wednesday, as the Tuesday "chip-wreck" led to tempered bargain-hunting by traders.In the futures, the S&P 500 rose 0.2%, the Nasdaq inclined 0.5%, and the Dow Jones was steady.The VanEck Semiconductor ETF (SMH) traded up 1% pre-bell.West Texas Intermediate crude oil traded down 1.9% to $71.82 a barrel, the lowest since early March, in morning action.Asian exchanges traded unevenly overnight, although Seoul's KOSPI index rose 3.3%, recouping some of Tuesday's 10% tumble.European bourses tracked steadily midday on the continent.On the earnings scene, Micron Technology (MU) reports quarterly results after-bell.On the economic calendar is the weekly MBA mortgage applications bulletin at 7 am ET, followed by the US Q1 current account report at 8:30 am. The MBA bulletin showed that mortgage applications rose 1% in the week ended June 19, following a 3.8% decrease in overall activity in the week ended June 12.The May new home sales bulletin posts at 10 am, followed by the weekly EIA petroleum status report at 10:30 am.The Atlanta Fed Survey of Business Uncertainty release for June posts at 11 am.In premarket action, Bitcoin traded at $62,490, and 10-year US Treasuries offered 4.48%. Spot gold commanded $4,062 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Update: US Equity Indexes Decline Amid Hard Sell-Off in Chipmakers

(Updates with index/price moves and analysts' comments from the first paragraph.)US equity indexes slumped as profit-taking in mega-cap semiconductor names pushed the Nasdaq Composite and the S&P 500 sharply lower on Tuesday.The tech-heavy Nasdaq sank 2.2% to 25,587.04, the S&P 500 dived 1.4% to 7,365.46, and the Dow Jones Industrial Average slipped less than 0.1% to 51,666.84 at the close. Technology, industrials, and materials were the standout decliners, while consumer staples, real estate, and health care topped the gainers.In a category of stocks with a market capitalization of over $200 billion, 18 out of the 20 worst-performing stocks were technology firms. Sandisk (SNDK), Micron Technology (MU), and Arm (ARM) were the steepest decliners, sinking by at least 10% each. Within technology, semiconductors bore the brunt of investors' apathy.The sharp selling is likely profit-taking after market exuberance pushed tech stocks to record highs this year, Javier Correonero, Morningstar senior equity analyst, said in a news report published on the company's website. "There's a lot of froth in the markets."Tech stocks may face spillover impact from the selloff in South Korea, though the slide appears to be a "pullback/breather" in a market that nearly doubled this year, Wedbush Securities said in a note."We view the KOSPI sell-off as a pullback/breather on a market up almost 100% this year and also believe [SK Hynix, an affiliate of SK Telecom (SK)] overtaking Samsung was a big symbolic move that caused some investors to worry about an 'overheated' memory chip trade," Wedbush analysts, including Dan Ives, said in the note.Offering a different viewpoint on market moves, the Wells Fargo Investment Institute said in a research note that stocks often weaken before elections, referring to the US midterm polls in November. "Markets typically respond to a clearer policy outlook, so long-term investors should stay focused on fundamentals and consider adding equity exposure during election-driven pullbacks."In geopolitical news, President Donald Trump told reporters outside the White House that International Atomic Energy Agency inspectors will be heading to Iran, according to a report from Al Jazeera. In response to a journalist who said that Tehran claims that there are no scheduled IAEA visits, Trump said: "They're wrong, they know they're wrong. They told us inside, and we have it down 100 percent. If they were right, I'd cancel the meetings right now."Separately, Iran's President Masoud Pezeshkian said no negotiations will take place on the country's ballistic missiles, Al Jazeera reported.Front-month global benchmark North Sea Brent retreated 1.2% to $76.95 per barrel, and the US West Texas Intermediate slid 1% to $73.13 per barrel, with both crude oil types off session lows.In economic news, the June flash reading of manufacturing conditions from S&P Global rose to a 49-month high of 55.7 from 55.1 in May, in contrast with an expected decrease to 54.6 in a survey compiled by Bloomberg.Most US Treasury yields fell, but were off session lows. The 10-year slipped one basis point to 4.5%, and the two-year rate declined 2.7 basis points to 4.2%.In precious metals, gold futures dropped 1.8% to $4,129.00, and silver futures slumped 6.1% to $62.01.

Dow JonesNasdaq CompositeS&P 500$ARM$MU$SNDK
Update: Nasdaq Posts Sharpest Drop in 2 Weeks as Chip Stocks Slide
US Markets

Update: Nasdaq Posts Sharpest Drop in 2 Weeks as Chip Stocks Slide

(Updates with market moves at the end of the day.)The Nasdaq Composite fell the most in more than two weeks on Tuesday amid a sell-off in chip-related stocks, including Nvidia (NVDA) and Micron Technology (MU).The tech-heavy Nasdaq dropped 2.2% to 25,587, the sharpest decline since June 5. The S&P 500 fell 1.4% to 7,365.5, the biggest loss since June 10. The Dow Jones Industrial Average eased 0.1% to 51,665.8.Among sectors, tech posted the largest decline, shedding 3.7%, while consumer staples led the gainers.Nvidia shares slumped 4.1%, the biggest drop on the Dow. Sandisk (SNDK) tumbled 14%, the largest decline on the S&P, followed by Micron, down 13%. On Semiconductor (ON) and Marvell Technology (MRVL) also slumped.Tech stocks may face spillover impact from the recent sharp sell-off in South Korea, though the decline appears to be a "pullback/breather" in a market that almost doubled this year, Wedbush Securities said in a note.With Micron set to report earnings Wednesday, Wedbush cited "some added nervousness on the important memory chip trade.In company news, IBM (IBM) shares rose 5%, the biggest gain on the Dow. The computer maker joined the OpenAI Daybreak Cyber Partner Program and launched a new application-security service that uses OpenAI's models.Korn Ferry (KFY) reported higher fiscal fourth-quarter results, though the consulting firm issued an outlook calling for lower earnings in the current quarter. The shares jumped 5.8%.West Texas Intermediate crude oil slipped 0.7% to $73.31 a barrel, while Brent lost 1.1% to $77.08.US Secretary of State Marco Rubio arrived in the Gulf region, aiming to sell the Iran deal to three countries -- the United Arab Emirates, Bahrain and Kuwait -- that are likely to be among the biggest skeptics, CNN reported.US Treasury yields were lower, with the two-year rate last down 3.2 basis points at 4.21% and the 10-year rate falling two basis points to 4.50%.In economic news, US private-sector output rose in June at the fastest pace in five months amid a solid expansion in the manufacturing sector, S&P Global (SPGI) said."Brighter news out of the Middle East has helped restore some confidence among US businesses in June, though the overall rate of economic growth signaled by the flash PMI survey remains relatively sluggish compared to that seen earlier in the year in the lead up to the conflict," S&P Global said.Manufacturing activity in the US Mid-Atlantic region fell more than projected in June, with shipments, new orders and employment all weakening, data from the Federal Reserve Bank of Richmond showed.Gold was down 1.5% at $4,139.80 per troy ounce, while silver slumped 6% to $61.64 per ounce.

Dow JonesNasdaq CompositeS&P 500$IBM$KFY$MRVL$MU$NVDA$ON$SNDK$SPGI

Showing 781-800 of 1501

Track with the FINWIRES app suite

FolioX
FolioX
Track S&P 500 Index in your portfolio
WheelAI
WheelAI
Analyze S&P 500 Index options with the wheel strategy
StockInsider
StockInsider
See market sentiment on S&P 500 Index