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Alphabet Inc. (Class C)

Alphabet Inc. (Class C)

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NASDAQTechnology

425 stories mentioning Alphabet Inc. (Class C)Updated 2d ago

Alphabet's Google announced a $1.5 billion 2026-27 expansion of its Alabama data center campuses, funding its own power and infrastructure costs.

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Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 3.3% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 8%.The Philadelphia Semiconductor index slumped 6.6%.In corporate news, 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. Apple shares rose 4.5%.Nvidia (NVDA) said it is expanding access to its AI 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. Its shares fell 2.4%.Microsoft (MSFT) is combining the consumer and enterprise versions of its Copilot AI chatbots into a single application in an effort to better compete with Anthropic's Claude and OpenAI's ChatGPT, The Information reported. Separately, Microsoft said Thursday it is launching Microsoft Frontier, a new operating business to provide frontier transformation services using AI. The company said it is investing $2.5 billion in Microsoft Frontier and embedding 6,000 employees at clients to co-design and deploy AI systems. Microsoft shares added 1.9%.Alphabet (GOOGL) and its Google unit are facing a fine of about 4.13 billion euros ($4.71 billion) after the Court of Justice of the EU dismissed their appeal and upheld an earlier court ruling that found Google Search in violation of competition laws, according to a Thursday statement. Alphabet shares were down 0.6%.

$AAPL$GOOG$GOOGL$MSFT$NVDA
Sectors

Sector Update: Tech Stocks Advance Premarket Thursday

Technology stocks were advancing premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.4% higher.Ouster (OUST) stock was down nearly 7% after the company priced an underwritten public offering of 3.62 million common shares at $55.22 apiece, for expected gross proceeds of about $200 million.Wallbox (WBX) shares were down about 2% after the company said it has closed an equity raising of about 11.8 million euros ($13.5 million) and received a separate 4 million-euro investment from the firm Focus on Next Frontier.Alphabet (GOOG, GOOGL) and its Google unit are facing a fine of about 4.13 billion euros ($4.71 billion) after the Court of Justice of the European Union, or CJEU, dismissed their appeal and upheld an earlier court ruling that found Google Search in violation of competition laws. Alphabet Class A shares were 0.9% lower premarket.

$GOOG$GOOGL$OUST$WBX$XLK$XSD
Stocks Mostly Up Pre-Bell Ahead of Key Jobs Report
US Markets

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
Asia Markets

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

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
Japan

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
Japan

Update: US Equity Indexes Mixed as Technology Slides, Warsh Reinforces Fed's Focus on Inflation

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed ahead of Wednesday's close, with communication services topping sector charts while technology chipped away, and Federal Reserve Chair Kevin Warsh reiterated his focus on inflation.The Nasdaq Composite slipped 0.5% to 26,080.9, after ending Q2 with gains previously seen six years ago. The S&P 500 shed 0.1% to 7,491.7, extending gains after closing Q2 with gains that were the highest since Q2 2020. The Dow Jones Industrial Average remained 0.1% higher at 52,359.2, after hitting a new record earlier in the session. The Dow capped the strongest first half in five years on Tuesday.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 (GOO, GOOGL) Google Cloud, Bloomberg reported Wednesday, citing people familiar with the matter. Shares of Meta surged 8.7%, 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, eight were technology companies, according to data compiled by Finviz. Within these tech firms, the majority were either semiconductors or semiconductor equipment and materials. The steepest decliner in the group was KLA. (KLAC), down 13%.Federal Reserve Chairman Kevin Warsh said price risks have dissipated in recent weeks, while repeating 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," Warsh said Wednesday at the European Central Bank's annual Forum on Central Banking in Sintra, Portugal.Most US Treasury yields rose, with the 10-year jumping 5.5 basis points to 4.48%. The two-year rate climbed 3.1 basis points to 4.17%.Iranian Deputy Foreign Minister Kazem Gharibabadi said meetings with Qatari and Pakistani officials in Doha have ended and that no direct talks took place between the Iranian and American delegations, according to Al Jazeera, a Middle East news agency. Gharibabadi said a communication channel will be established to report and discuss breaches of the memorandum of understanding reached between the US and Iran, Al Jazeera cited Iran's official news agency, IRNA.The front-month global benchmark North Sea Brent declined 2.4% to $71.21 per barrel, and the US West Texas Intermediate retreated 2% to $68.12 per barrel.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL$KLAC$META$MSFT
Update: US Equities Mixed as Traders Parse Labor Data, Warsh Remarks
US Markets

Update: US Equities Mixed as Traders Parse Labor Data, Warsh Remarks

(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday as traders parsed fresh labor market data ahead of a key jobs report due out Thursday and comments from Federal Reserve Chair Kevin Warsh.The Dow Jones Industrial Average was up 0.4% at 52,512.9 after midday Wednesday. The index hit new all-time highs in the past two days. The S&P 500 rose 0.1% to 7,510 intraday Wednesday, while the Nasdaq Composite fell 0.2% to 26,170.6.Among sectors, communication services paced the gainers, while utilities and technology were leading the laggards.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 Wednesday, said inflation risks had eased."Inflation risks have come down," The New York Times quoted Warsh as saying during the event in Portugal.Warsh reiterated commitment to price stability."If people thought this central bank was going to be comfortable with an inflation objective above 2%, they would be disappointed," Warsh said, as reported by Reuters.The US manufacturing sector continued to expand last month, though the pace of growth moderated as higher raw material costs kept input inflation elevated, separate surveys by the Institute for Supply Management and S&P Global (SPGI) showed.US Treasury yields were higher intraday, with the two-year yield up 2.1 basis points at 4.16% and the 10-year yield up 4.5 basis points at 4.47%.West Texas Intermediate crude oil was down 1.8% at $68.28 a barrel intraday, while Brent fell 2.3% to $71.27.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 were up 9.7% intraday, the third-top gainer on the S&P 500, while Microsoft rose 3.9%, the second-best performer on the Dow. Amazon was up 2.4% and Alphabet's class A shares added 0.5%.Nike (NKE) advanced 2.1%, 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 up 1.1% at $4,083.60 per troy ounce, while silver advanced 1% to $60.51 per ounce.

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

Update: US Equity Indexes Mixed as Technology Slide Undermines Top Sector Gainers

(Updates with index/price moves, macroeconomic data, and company news from the first paragraph.)US equity indexes traded mixed after midday Wednesday, with communication services topping sector charts while technology chipped away, and as crude oil declined.The Nasdaq Composite slipped 0.2% to 26,153.2, after ending Q2 with gains previously seen six years ago. The S&P 500 rose 0.1% to 7,505.1, extending gains after closing Q2 with gains that were the highest since Q2 2020. The Dow Jones Industrial Average was up 0.3% to 52,466.5, after touching a fresh record earlier in the session. The Dow capped the strongest first half in five years on Tuesday.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 Wednesday, citing people familiar with the matter. Shares of Meta surged 9.7%, one of the S&P 500's and the Nasdaq's top gainers.On Wednesday, the US and Iran held indirect technical talks in Doha as they seek to agree on the flow of shipping through the Strait of Hormuz and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official told Reuters.The front-month global benchmark North Sea Brent declined 2.3% to $71.31 per barrel, and the US West Texas Intermediate retreated 1.7% to $68.34 per barrel.US commercial crude oil stocks, excluding inventories in the Strategic Petroleum Reserve, slumped by 3.8 million barrels in the week ended June 26 after a 6.1-million-barrel drop in the previous week, a steeper dive than the 2.2 million-barrel decrease expected in a survey compiled by Bloomberg.Federal Reserve Chairman Kevin Warsh said price risks have dissipated in recent weeks, while repeating 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," Warsh said Wednesday at the European Central Bank's annual Forum on Central Banking in Sintra, Portugal, according to Bloomberg.Gold futures advanced 1.2% to $4,084.6, and silver futures climbed 1.6% to $60.41.Most US Treasury yields rose, with the 10-year jumping 4.7 basis points to 4.47%. The two-year rate climbed 2.1 basis points to 4.16%.In economic news, outplacement firm Challenger, Gray & Christmas said companies planned to cut 45,849 jobs in June, down from 97,006 in May and 47,999 a year ago. The largest layoff counts in June were in the technology and services sectors.ADP's monthly measure of private payrolls showed a 98,000 increase in June, below expectations for an increase of 120,000 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 reading of 55.7, versus expectations for an unrevised reading in a Bloomberg-compiled survey.

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

Update: US Equity Indexes Mixed as Technology, Communication Services Diverge

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed, with communication services topping the sector charts while technology led peer groups lower after midday Wednesday.The Nasdaq Composite slipped 0.2% to 26,153.4, after ending Q2 with gains previously seen six years ago. The S&P 500 rose 0.2% to 7,516.6, extending gains after closing Q2 with gains that were the highest since Q2 2020. The Dow Jones Industrial Average rose 0.6% to 52,644.2, after capping the strongest first half in five years.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 Wednesday, citing people familiar with the matter. Shares of Meta surged 10%, the top gainer on the S&P 500 and the Nasdaq.On Wednesday, the US and Iran held indirect technical talks in Doha as they seek to agree on the flow of shipping through the Strait of Hormuz and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official told Reuters.The front-month global benchmark North Sea Brent declined 2.2% to $71.35 per barrel, and the US West Texas Intermediate retreated 1.8% to $68.26 per barrel.In economic news, outplacement firm Challenger, Gray & Christmas said companies planned to cut 45,849 jobs in June, down from 97,006 in May and 47,999 a year ago. The largest layoff counts in June were in the technology and services sectors.Most US Treasury yields rose, with the 10-year jumping 3.9 basis points to 4.46%. The two-year rate climbed 1.7 basis points to 4.16%.

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

Top Midday Stories: Meta Forming Cloud Business to Sell Excess AI Compute; Kroger to Buy Giant Eagle for $1.65 Billion

The Nasdaq Composite was down in late-morning trading Wednesday, while the S&P 500 Index and Dow Jones Industrial Average were up, as chipmaker stocks came under pressure.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 Wednesday, citing people familiar with the matter. One possible plan is for Meta to sell access to various AI models that are hosted on its existing AI infrastructure, similar to AWS' Bedrock offering, the people reportedly told Bloomberg. Separately, Meta failed to win a summary judgment on claims brought by a coalition of state attorneys general after a federal judge ruled that factual disputes require a trial on allegations the company misled consumers about the addictiveness and safety of Facebook and Instagram, according to a late Monday court decision. Meta shares were up 10.4% around midday, while shares of Amazon and Microsoft were up 1.4% and 3.6%, respectively. Alphabet Class C and Class A shares were up 1.3% and 1.0%, respectively.Kroger (KR) said Wednesday that it has agreed to acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, expanding its presence across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The deal includes $1.25 billion in cash and the assumption of about $400 million in liabilities, Kroger said. Shares of Kroger were down 1.3%.Klarna Group (KLAR) said a court ruled in favor of its PriceRunner unit, awarding it $1.97 billion in damages in an antitrust lawsuit against Google. Klarna said the award compensates the company for lost revenue due to Google's preference of its own comparison-shopping service over independent services. Klarna shares were up 4.2%.Nike (NKE) reported fiscal Q4 earnings late Tuesday of $0.72 per diluted share, up from $0.14 a year earlier and above the FactSet consensus of $0.12. Fiscal Q4 revenue was $10.97 billion, down from $11.10 billion a year ago but above the FactSet consensus of $10.85 billion. Nike shares were up 4.3%.Price: $624.34, Change: $+61.05, Percent Change: +10.84%

$AMZN$GOOG$GOOGL$KLAR$KR$META$MSFT$NKE
Wire

Update: Market Chatter: Meta Forming Cloud Business to Sell Excess AI Compute

(Updates with Meta's response to a request for comment in the last paragraph.)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.One possible plan is for Meta to sell access to various AI models that are hosted on its existing AI infrastructure, similar to AWS' Bedrock offering, the people reportedly told Bloomberg.Meta declined to comment to.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $623.19, Change: $+59.90, Percent Change: +10.63%

$AMZN$GOOG$GOOGL$META
Commodities

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Wednesday Ahead of Fed Chair Warsh's International Debut

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.2%, and the actively traded Invesco QQQ Trust (QQQ) retreated by 0.5% in Wednesday's premarket activity, ahead of remarks from Federal Reserve Chair Kevin Warsh in his first international speech at the European Central Bank's annual forum in Portugal.US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.3%, and Nasdaq futures retreating 0.4% before the start of regular trading.Mortgage applications rose by 0.04% in the week ended June 26, according to Mortgage Bankers Association data released Wednesday.Outplacement firm Challenger, Gray & Christmas said on Wednesday that companies planned to cut 45,849 jobs in June, well below 97,006 in May and down from 47,999 a year ago.ADP's monthly measure of private payrolls showed a 98,000 increase in June, well below expectations compiled by Bloomberg as of 7:35 am ET for an increase of 120,000.Warsh is slated to speak at 9 am ET.The final Purchasing Managers' manufacturing index for June will be released at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am ET.The weekly EIA domestic petroleum inventories report is due at 10:30 am ET.In premarket action, bitcoin was down by 0.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% lower, Ether ETF (EETH) retreated by 0.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.1%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.4%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were flat.Bloom Energy (BE) stock was up more than 7% before the opening bell after Brookfield Asset Management (BAM) expanded its strategic partnership with Bloom, increasing its financing framework for artificial intelligence infrastructure power projects to $25 billion from $5 billion.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.5% higher.Klarna (KLAR) shares traded up more than 7% in early hours activity after a court ruled in favor of its PriceRunner unit, awarding it $1.97 billion in damages in an antitrust lawsuit against Alphabet's (GOOG, GOOGL) Google.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.04%, the Vanguard Health Care Index Fund (VHT) was up 0.2%, while the iShares US Healthcare ETF (IYH) slipped 0.03%. The iShares Biotechnology ETF (IBB) was 0.1% lower.Alvotech (ALVO) stock was up more than 3% premarket after the company said it has amended its agreements with GoldenTree Asset Management and other lenders to obtain a term loan facility of up to $75 million in additional capital.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated by 0.2%, and the iShares US Consumer Staples ETF (IYK) was up 0.2%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained marginally by 0.02%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was inactive.Kroger (KR) shares were down more than 2% pre-bell after the company said it has agreed to acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, expanding its presence across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.7%, and the iShares US Technology ETF (IYW) was 0.1% lower, while the iShares Expanded Tech Sector ETF (IGM) was up 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 0.6%, while the iShares Semiconductor ETF (SOXX) fell by 1.6%.Microsoft (MSFT) shares were up more than 1% in Premarket activity after Business Insider reported the technology giant is planning to cut "thousands" of roles in sales and consulting, in addition to its Xbox gaming division.EnergyThe iShares US Energy ETF (IYE) was 1.5% higher, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.3%.Shell (SHEL) stock was down more than 1% before market open, a day after Bloomberg News reported the company is close to a deal to sell over 600 retail fuel outlets in South Africa to Abu Dhabi National Oil's retail arm for a deal valued at around $1 billion.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.5% to $69.14 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.3% to $3.23 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 1.5%, while the United States Natural Gas Fund (UNG) was 0.6% lower.Gold futures for July were up by 0.2% to $4,046.90 an ounce on the Comex. Silver futures was down by 0.9% to $59.40 an ounce. SPDR Gold Shares (GLD) advanced by 0.3%, and the iShares Silver Trust (SLV) was 0.6% lower.

Dow JonesNasdaq CompositeS&P 500$ALVO$BAM$BE$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$GOOG$GOOGL$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KLAR$KR$MSFT$PMR$QQQ$RTH$SHEL$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire

Alphabet Could Add 9 GW of Compute Capacity in 2028, Morgan Stanley Says

Alphabet (GOOGL, GOOG) could add 9 gigawatts of compute capacity in 2028 and sell 4 gigawatts of tensor processing units on a first-party basis, Morgan Stanley said in a note emailed Tuesday.Alphabet's stock has declined 10% over the last month as investors have favored hardware and semiconductor plays, according to the note. However, Morgan Stanley said Alphabet's fundamentals and visibility into 2027 and 2028 are improving, creating a tactical buying opportunity.Given the compute constraints in mid-2026, Morgan Stanley believes investors should focus on 2028 and the capacity onboard, revenue and capital expenditure ahead, the note added.Morgan Stanley raised company-wide revenue by 4% and 1% for 2027 and 2028, respectively, as it now expects the Google Cloud segment to grow 106% and 44%, reaching $214 billion and $308 billion of revenue, respectively. It also raised 2027 and 2028 EPS estimates by 4% and 1%, and now models an EPS of $19 in 2028.Morgan Stanley kept an overweight rating on Alphabet and raised the price target to $415 from $375.Price: $354.83, Change: $+1.18, Percent Change: +0.33%

$GOOG$GOOGL
Asia Markets

Update: Communication Services Helps Boost US Equity Indexes; Crude Oil Advances Amid Mixed Messaging on Iran Meeting

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose amid standout gains in communication services and consumer discretionary, and as crude oil advanced amid mixed messaging regarding a meeting to be held on Tuesday between Washington and Tehran in Doha, Qatar.The Nasdaq Composite jumped 2.1% to 25,820.14, the S&P 500 advanced 1.2% to 7,440.43, and the Dow Jones Industrial Average rose 0.6% to 52,182.74 on Monday.Technology was among the top three gainers, while materials led the decliners. Tesla (TSLA) and Alphabet (GOOG, GOOGL) were among the top 20 gainers in a category with a market capitalization of over $200 billion. The group's and the S&P 500 index's leader remained Corning (GLW), trading up 16% at the close.In geopolitical news, the United States and Iran on Monday separately announced they will send delegations to Qatar this week, though Tehran insisted it has not agreed to meet with the US "at any level" after attacks across the Persian Gulf over the weekend challenged negotiations to end the war, the Associated Press reported.Iran's foreign minister, Abbas Araghchi, reiterated that "Tehran retains exclusive authority over traffic through the Strait of Hormuz under the preliminary peace agreement, leaving the risk of renewed supply disruptions elevated," Saxo Bank said in a note. Marine traffic through the strait has modestly picked up in the last 36 hours, CNN cited ship tracking data."Disputes over key provisions of the memorandum of understanding -- particularly around control and potential costs for transit through Hormuz -- mean the situation remains fragile and risks to regional stability persist," Jim Reid, global head of macro research at Deutsche Bank, said in the note.Meanwhile, fighting between Hezbollah and Israel continued in Lebanon over the weekend despite a recent agreement between the countries, CNN reported Monday. Iran has demanded a full withdrawal of Israeli forces from Lebanon as part of a final deal with the US.The front-month global benchmark North Sea Brent rose 1.1% to $72.78 per barrel, and the US West Texas Intermediate climbed 1.8% to $70.47 per barrel.Most US Treasury yields rose, with the two-year up 1.9 basis points to 4.11%. The 10-year rate was slightly higher at 4.38%.Gold futures slumped 1.6% to $4,029.5, and silver futures dropped 1.5% to $58.31.In economic news, the Dallas Fed's monthly manufacturing index fell to zero in June from 0.4 in May, missing expectations for an increase to 1.0. The other manufacturing readings already released indicate expansion.In company news, Rocket Lab (RKLB) agreed to acquire satellite communications provider Iridium Communications (IRDM) in a cash-and-stock deal valued at about $8 billion to create a vertically integrated space company. Shares of Rocket Lab soared almost 16%, making it the Nasdaq's second-biggest gainer.Meanwhile, UBS adjusted Astera Labs' (ALAB) price target to $400 from $205 while maintaining its neutral stock rating. Astera's shares were up more than 16%, the top gainer on the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$ALAB$GLW$GOOG$GOOGL$IRDM$RKLB$TSLA
Update: Dow Posts New High to Kick Off Holiday-Shortened Trading Week
US Markets

Update: Dow Posts New High to Kick Off Holiday-Shortened Trading Week

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average hit a fresh all-time high at the start of what will be a short trading week.The Dow rose 0.6% to settle at 52,182.7 on Monday, closing above 52,000 for the first time. The Nasdaq Composite advanced 2.1% to 25,820.1, while the S&P 500 climbed 1.2% to 7,440.3, with both indexes rebounding after a five-day losing streak. Among sectors, communication services paced the gainers, while materials saw the sharpest drop.The New York Stock Exchange and Nasdaq will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Iran said that no talks were scheduled with the US in the coming days, despite President Donald Trump saying Washington will meet with Tehran in Qatar on Tuesday, CNN reported.Both sides engaged in attacks in and around the Strait of Hormuz.West Texas Intermediate crude oil was up 1.8% at $70.45 a barrel in Monday late-afternoon trade, while Brent advanced 1.1% to $72.78.US Treasury yields were higher, with the two-year rate up 1.1 basis points at 4.11% and the 10-year rate rising 0.7 basis points to 4.38%.In company news, Alphabet's (GOOGL) class A shares jumped 4.8%, the top gainer on the Dow, as the Google parent joined the index, replacing Verizon Communications (VZ), which fell 5.2%.Alphabet's class C shares (GOOG) rose 5%.Comcast (CMCSA) said it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations. Comcast shares advanced 4.5%.Honeywell International (HON) shares fell 6.4%, the worst performer on the Dow and third-biggest drop on the S&P 500. The company completed the spinoff of its aerospace business into an independent publicly traded company.Martin Marietta Materials (MLM) agreed to combine with limestone supplier Lhoist North America in a $13.5 billion deal. Shares of the American building materials supplier slumped 5.7%, among the steepest declines on the S&P 500.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week.Gold was down 1.7% at $4,028.80 per troy ounce, while silver dropped 1% to $58.66 per ounce.

Dow JonesNasdaq CompositeS&P 500$CMCSA$GIS$GOOG$GOOGL$HON$MLM$NKE$STZ
Japan

Update: Strong Gains in Communication Services, Consumer Discretionary Lift US Equity Indexes; Crude Oil Heads Higher

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose amid standout gains in communication services and consumer discretionary, and as crude oil advanced amid mixed messaging regarding a meeting to be held on Tuesday between Washington and Tehran in Doha, Qatar.The Nasdaq Composite jumped 2% to 25,791.7, the S&P 500 rose 1.1% to 7,436.2, and the Dow Jones Industrial Average rose 0.6% to 52,173.8 ahead of Monday's close.Technology was among the top three gainers intraday. Tesla (TSLA), Alphabet (GOOG, GOOGL), and Amazon.com (AMZN) were among the top 20 gainers in a category with a market capitalization of over $200 billion. The group's leader remains Corning (GLW), trading up 16% in the final leg of trading.In geopolitical news, the United States and Iran on Monday separately announced they will send delegations to Qatar this week, though Tehran insisted it has not agreed to meet with the US "at any level" after attacks across the Persian Gulf over the weekend challenged negotiations to end the war, the Associated Press reported.Iran's foreign minister, Abbas Araghchi, reiterated that "Tehran retains exclusive authority over traffic through the Strait of Hormuz under the preliminary peace agreement, leaving the risk of renewed supply disruptions elevated," Saxo Bank said in a note. Marine traffic through the strait has modestly picked up in the last 36 hours, CNN cited ship tracking data.Fighting between Hezbollah and Israel continued in Lebanon over the weekend despite a recent agreement between the countries, CNN reported Monday. Iran has demanded a full withdrawal of Israeli forces from Lebanon as part of a final deal with the US.The front-month global benchmark North Sea Brent rose 1% to $72.73 per barrel, and the US West Texas Intermediate climbed 1.7% to $70.41 per barrel.

Dow JonesNasdaq CompositeS&P 500$AMZN$GLW$GOOG$GOOGL$TSLA
Update: Equities Rise Intraday as US, Iran Halt Hostilities Ahead of Qatar Meeting
US Markets

Update: Equities Rise Intraday as US, Iran Halt Hostilities Ahead of Qatar Meeting

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as Washington and Iran agreed to halt renewed hostilities, while US President Donald Trump said the two countries will hold a meeting Tuesday.The Nasdaq Composite was up 1.9% at 25,771.3 after midday Monday, while the S&P 500 rose 1.1% to 7,433.8. The Dow Jones Industrial Average advanced 0.7% to 52,217.3. Among sectors, communication services paced the gainers, while materials saw the sharpest drop.On Sunday, the US and Iran agreed to cease attacks on each other and allow commercial vessels to pass freely through the Strait of Hormuz, CNBC reported. "Technical talks are slated to continue on all areas of the (memorandum of understanding)," a US official told CNBC. "Both sides will stand down for now and vessels can move freely."In a social media post Monday, Trump said Iran has requested a meeting that will take place in Doha, Qatar, Tuesday.West Texas Intermediate crude oil was up 2.4% at $70.92 a barrel intraday Monday, while Brent advanced 1.8% to $73.31."Renewed US-Iran tensions failed to materially lift oil prices," ING Bank said in a note. "While the oil market is technically in oversold territory, momentum appears to still be to the downside."US Treasury yields were higher intraday, with the two-year rate up 2.5 basis points at 4.11% and the 10-year rate rising 1.3 basis points to 4.38%.In company news, Alphabet's (GOOGL) class A shares were up 4.8% intraday, the top gainer on the Dow, as the Google parent joined the index, replacing Verizon Communications (VZ), which fell 5.8% and was the second-worst performer on the S&P 500.Alphabet's class C shares (GOOG) rose 5.1%.Comcast (CMCSA) said it plans to split into two publicly traded companies, separating its NBCUniversal and Sky media businesses from its broadband and connectivity operations as the media giant aims to boost strategic focus for each unit. Comcast shares were up 5.7%.Honeywell International (HON) shares were down 2.7%, the worst performer on the Dow. The company completed the spinoff of its aerospace business into an independent publicly traded company.Nike (NKE), Constellation Brands (STZ) and General Mills (GIS) are expected to release their latest financial results this week. AeroVironment (AVAV) and Concentrix (CNXC) are scheduled to report after the closing bell Monday.Gold was down 1.4% at $4,040.50 per troy ounce, while silver dropped 1.1% to $58.56 per ounce.

Dow JonesNasdaq CompositeS&P 500$AVAV$CMCSA$CNXC$GIS$GOOG$GOOGL$HON$NKE$STZ
Asia Markets

Update: US Equity Indexes Rise as Communication Services Tops Sector Charts, Trump Sends Envoys to Qatar for Iran Talks

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes rose amid standout gains in communication services and consumer discretionary in midday trading on Monday, and as a meeting was announced between Washington and Tehran in Doha, Qatar, after both warring sides agreed to halt strikes over the weekend.The Nasdaq Composite jumped 1.8% to 25,754.6, the S&P 500 rose 1% to 7,425.1, and the Dow Jones Industrial Average advanced 0.5% to 52,157.4.Technology was among the top three gainers intraday. Tesla (TSLA), Alphabet (GOOG, GOOGL), and Meta Platforms (META) were among the top 20 gainers in a category with a market capitalization of over $200 billion. The group's leader was Corning (GLW), trading up 14%.Materials and real estate led the decliners.In geopolitical news, President Donald Trump said the US will meet with Iran in Doha, Qatar, on Tuesday, after US officials said both sides agreed to "stand down for now" and that negotiations remained on track following strikes over the weekend, CNN reported Monday, adding that Iran has not confirmed that talks will take place.Iran's foreign minister, Abbas Araghchi, reiterated that "Tehran retains exclusive authority over traffic through the Strait of Hormuz under the preliminary peace agreement, leaving the risk of renewed supply disruptions elevated," Saxo Bank said in a note.The front-month global benchmark North Sea Brent rose 1.9% to $74.01 per barrel, and the US West Texas Intermediate climbed 2.4% to $70.86 per barrel.Most US Treasury yields rose, with the two-year up 2.5 basis points to 4.11%. The 10-year rate was slightly higher at 4.38%.Gold futures slumped 1.4% to $4,038.9, and silver futures dropped 1.8% to $58.18.In economic news, the Dallas Fed's monthly manufacturing index fell to 0.0 in June from 0.4 in May, missing expectations for an increase to 1.0. The other manufacturing readings already released indicate expansion.In company news, Rocket Lab (RKLB) agreed to acquire satellite communications provider Iridium Communications (IRDM) in a cash-and-stock deal valued at about $8 billion to create a vertically integrated space company. Shares of Rocket Lab climbed past 15%, making it among the Nasdaq's top gainers.Meanwhile, UBS adjusted Astera Labs' (ALAB) price target to $400 from $205 while maintaining its neutral stock rating. Astera's shares were up 14%, the top gainer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$ALAB$GLW$GOOG$GOOGL$IRDM$META$RKLB$TSLA
Wire

Market Chatter: Sen. Warner to Unveil Bill Regulating AI Agent Activity

Sen. Mark Warner (D-Va.) plans to unveil a discussion draft of a bill that seeks to address the rapid rise of artificial intelligence agents and the impact on the confidentiality of users' private information, The Information reported Monday, citing the draft, which it viewed.The legislation draft also seeks to determine whether massive platforms like Meta Platforms (META), Alphabet's (GOOG, GOOGL) Google can throttle other services' agents, the report said.Warner's office didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $347.48, Change: $+12.79, Percent Change: +3.82%

$AMZN$GOOG$META$MSFT

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