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Alphabet Inc. (Class A)

Alphabet Inc. (Class A)

$GOOGL
NASDAQTechnology

364 stories mentioning Alphabet Inc. (Class A)Updated 20h ago

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

Wire

Market Chatter: Google Revamps AI Coding Strike Team to Catch Up With Anthropic

Alphabet's (GOOG, GOOGL) Google is revamping its artificial intelligence coding strike team to close the gap with Anthropic in the most profitable AI applications, The Information reported Thursday, citing sources familiar with the changes.The team, formed only months ago, will see its scope expanded to include training Google's AI models to improve abilities in coding and business functions, according to the report.The move comes as AI researcher Noam Shazeer departed to join OpenAI, while executive John Jumper said he was headed to Anthropic, the report said. On Wednesday, Bloomberg reported that AI researchers Jonas Adler and Alexander Pritzel were also leaving Google.Google did not immediately reply to' request for comment.(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: $338.85, Change: $-6.18, Percent Change: -1.79%

$GOOG$GOOGL
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
Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks declined late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.8%.The Philadelphia Semiconductor index shed 1.8%.In corporate news, Alphabet's (GOOGL) Google is poised to lose two leading AI researchers to rival Anthropic, Bloomberg reported. The two researchers, Jonas Adler and Alexander Pritzel, are viewed internally as critical contributors to the tech giant's Gemini AI model, the report said. Alphabet shares were down 0.4%.Cerebras Systems (CBRS) reported a Q1 net loss late Tuesday of $0.22 per diluted share, narrowing from a loss of $0.46 a year earlier. Analysts surveyed by FactSet expected a loss of $0.16. Cerebras shares fell about 18%.Paychex (PAYX) on Wednesday issued a fiscal 2027 outlook that implies slower growth in both profit and revenue. Its shares dropped 1.7%.Broadcom (AVGO) said Wednesday that it and OpenAI unveiled Jalapeno, OpenAI's first Intelligence Processor, an AI accelerator designed for large language model inference. Broadcom shares were shedding 0.5%.

$AVGO$CBRS$GOOGL$PAYX
Sectors

Sector Update: Tech

Tech stocks declined late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.7%.The Philadelphia Semiconductor index shed 1.8%.In corporate news, Alphabet's (GOOGL) Google is poised to lose two leading AI researchers to rival Anthropic, Bloomberg reported. The two researchers, Jonas Adler and Alexander Pritzel, are viewed internally as critical contributors to the tech giant's Gemini AI model, the report said. Alphabet shares were down 1.1%.

$GOOGL
Wire

Market Chatter: Google Expected to Lose Two Key AI Researchers to Anthropic

Alphabet's (GOOG, GOOGL) Google is poised to lose two leading AI researchers to rival Anthropic, Bloomberg reported Wednesday, citing people familiar with the matter.The two researchers, Jonas Adler and Alexander Pritzel, are viewed internally as critical contributors to the tech giant's Gemini AI model, the report said.Google and Anthropic didn't immediately reply to requests 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: $343.46, Change: $-2.62, Percent Change: -0.76%

$GOOG$GOOGL
Wire

Google Expected to Lose Two Key AI Researchers to Anthropic, Bloomberg Reports

Google Expected to Lose Two Key AI Researchers to Anthropic, Bloomberg Reports

$GOOG$GOOGL
Wire

Market Chatter: People Inc. CEO Accuses Google of Market Power Abuse

People Inc. (PPLI) chief executive officer Neil Vogel accused Alphabet's (GOOG, GOOGL) Google unit of market power abuse for utilizing a single web crawler for both search and artificial intelligence, Axios reported Tuesday.Blocking the shared crawler to protect data from artificial intelligence training models would also eliminate search traffic crucial for advertising and affiliate revenue, according to the news outlet.The publisher is likely moving toward further confrontation with Google rather than productivity, Vogel said, according to Axios.People Inc. and Google did not immediately respond to' request for comment.(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: $41.34, Change: $-0.17, Percent Change: -0.42%

$GOOG$GOOGL$PPLI
Sectors

Sector Update: Tech Stocks Fall Tuesday Afternoon

Tech stocks were sharply lower Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 3.1% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 5.8%.The Philadelphia Semiconductor index slumped 7%.In corporate news, Alphabet's (GOOG, GOOGL) Google is supporting a new 12-week incubator for AI startups founded by former Google employees, Bloomberg reported. Its shares were down 0.5%.Oracle's (ORCL) total workforce fell by about 21,000 employees, or 13%, in fiscal 2026 to 141,000 as of May 31, Reuters reported. Oracle shares were falling 4%.Varonis Systems (VRNS) is exploring a potential sale after receiving takeover interest from private equity firms including Blackstone (BX), Thoma Bravo and Vista Equity Partners, Bloomberg reported. Varonis shares jumped past 9%.IBM (IBM) shares gained 5.3% after Morgan Stanley raised its price target to $267 from $225, while keeping its equalweight rating.

$GOOG$GOOGL$IBM$ORCL$VRNS
Sectors

Sector Update: Tech

Tech stocks were sharply lower Tuesday 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 5.9%.The Philadelphia Semiconductor index slumped 7.2%.In corporate news, Alphabet's Google (GOOGL) is supporting a new 12-week incubator for AI startups founded by former Google employees, Bloomberg reported. Shares were down 0.4%.

$GOOGL
Tech, Chip Selloff Presents Buying Opportunity, Wedbush Says
US Markets

Tech, Chip Selloff Presents Buying Opportunity, Wedbush Says

Technology stocks may face spillover impact from the recent sharp selloff in South Korea, though the decline appears to be a "pullback/breather" in a market that nearly doubled this year, Wedbush Securities said in a note on Tuesday.The brokerage noted that South Korea's Korea Composite Stock Price Index (KOSPI), which was up roughly 90% year to date, fell about 10% on Tuesday."We view the KOSPI sell-off as a pullback/breather on a market up almost 100% this year and also believe 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.The analysts said investors should expect periodic "gut check moments" as the technology sector digests rapid gains tied to AI-related spending."Our recent Asia checks and overall AI enterprise demand tracking have accelerated over the past few months and are showing no cracks in the armor which continue to make us very bullish on owning the tech AI winners over the coming year," Ives said.The selloff has heightened investor "nervousness" ahead of earnings from Micron Technology (MU) on Wednesday, as investors closely watch the memory-chip sector, with Ives describing memory-chip companies such as Micron, SK Hynix and Samsung as the "golden jewels" of the AI-driven rally.Wedbush also pointed to Monday's selloff in Alphabet (GOOG, GOOGL) shares, which the brokerage said gained momentum after reports that DeepMind researcher and Nobel Prize-winning scientist John Jumper left the company for Anthropic."This is an AI arms race and we will continue to see a plucking of talent across Silicon Valley over the coming years with Anthropic on offense mode," Ives wrote.Price: $1118.56, Change: $-92.82, Percent Change: -7.66%

$GOOG$GOOGL$MU
Commodities

Google, Energy Dome Advance Ireland Energy Storage Hub With 23 MW Project

Energy Dome and Google (GOOG) signed their first bilateral commercial agreement to build a 23-megawatt/200-megawatt-hour CO2 Battery project in Ireland, advancing long-duration energy storage deployment, the companies said Tuesday.Located in County Offaly, Ireland, the project builds on a partnership that Google and Energy Dome announced last year to scale the company's CO2 Battery technology and expand access to affordable, secure and round-the-clock carbon-free power.The announcement follows a separate 19 MW/200 MWh Arizona project unveiled earlier this month by Energy Dome, Google and utility Salt River Project, strengthening the companies' multi-continent energy storage strategy.Energy Dome will develop, own and operate the Irish facility. Its technology stores energy by compressing carbon dioxide with grid power and later expands the gas through a turbine to return electricity to the grid, the companies said.Ireland views long-duration energy storage as a critical tool for securing electricity supplies, lowering system costs and supporting its target of generating 80% of electricity from renewable sources by 2030.The project will absorb excess renewable generation during periods of oversupply and release power when demand rises, helping ease local grid congestion while improving the use of wind and solar resources, the companies added.Located near Rhode in County Offaly, the site sits on a key transmission corridor serving Greater Dublin. Energy Dome is developing the project with Lumcloon Energy on a former peat-fired power plant site to create jobs and support regional growth.The project has secured land rights, planning approval and a grid connection, while EirGrid awarded it a 10-year capacity contract. Energy Dome expects operations to begin in 2028 and plans to add a second 200 MWh unit at the site."This milestone is a next step in our long-term partnership with Energy Dome, and will help scale their promising long-duration energy storage technology, charging ahead to an affordable, secure and clean energy future," said Vanessa Hartley, Head of Google Ireland.Price: $348.45, Change: $-0.33, Percent Change: -0.10%

$GOOG$GOOGL
Stock Futures Down as Tech Sell-Off Weighs on Sentiment
US Markets

Stock Futures Down as Tech Sell-Off Weighs on Sentiment

US equity futures were tracking in the red on Tuesday amid a broader tech sell-off despite signs of easing tensions between the US and Iran.The S&P 500 declined 1.4%, the Dow Jones Industrial Average was off 0.7% and the Nasdaq dropped 2.3% in premarket activity. The indexes finished the previous trading session mixed, with the Nasdaq closing the day down 1.3%.Shares of several major technology companies, including Alphabet (GOOG, GOOGL), Amazon (AMZN) and Meta Platforms (META), were down pre-bell, after closing the previous session in the red. SpaceX (SPCX) fell 3.7% following a 16% fall at the end of the previous session.Super Micro Computer (SMCI) fell about 5%, reversing a 16% gain on Monday.The sell-off is driven by concerns over AI valuations, with South Korean memory chipmakers SK Hynix and Samsung Electronics also falling sharply, CNBC reported."Clearly this will cause selling pressure and white knuckles for tech stocks in the US this morning as investors worry the overheated (Korea Composite Stock Price Index) sell-off has a spillover impact to US tech stocks," Wedbush Securities said in a Tuesday client note.Treasury yields declined in premarket action, with the two-year rate retreating 4.2 basis points to 4.19% and the 10-year rate sliding 2.2 basis points to 4.49%.The US Treasury on Monday issued a broad 60-day exemption allowing Iran to produce and sell crude oil, petrochemical and petroleum products in US dollars, effectively easing key sanctions restrictions, CNBC reported.West Texas Intermediate crude oil slipped 0.5% to $73.49 a barrel before the opening bell, while Brent decreased 0.7% to $77.38.US Vice President JD Vance reportedly said Monday that Iran agreed to admit International Atomic Energy Agency inspectors into the country. On the status of the Strait of Hormuz, Vance said the crucial waterway is open, and negotiations with Iran are focused on setting up a "coordination mechanism" for demining and resuming trade, CNN reported.Tuesday's economic calendar has the S&P Global's (SPGI) flash purchasing managers' index for June at 9:45 am ET, followed by the Federal Reserve Bank of Richmond manufacturing index for the same month at 10 am.Parcel delivery giant FedEx (FDX) is scheduled to report its latest financial results after the markets close, along with KB Home (KBH). Carnival (CCL) and Korn Ferry (KFY) post earnings before the bell, among others.Gold fell 1.4% to $4,145 per troy ounce, while bitcoin dropped 3.1% to $62,354.

Dow JonesNasdaq CompositeS&P 500$AMZN$CCL$FDX$GOOG$GOOGL$IBM$KBH$KFY$META$SMCI$SPCX
Japan

Update: Sliding Communication Services, Surging Treasury Yields Push US Equity Indexes in Mixed Territory

(Updates with index/price moves and political/company news from the first paragraph.)US equity indexes traded mixed on Monday as steep declines in communication services and consumer discretionary stocks weighed, and government bond yields surged despite declining crude oil prices.The Nasdaq Composite dropped 1.3% to 26,166.60, with the S&P 500 down 0.4% to 7,472.79, while the Dow Jones Industrial Average rose 0.3% to 51,712.71 at the close. Communication services sank 3.8%, and consumer discretionary dropped 2.3%.Alphabet's (GOOG, GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Shares of Alphabet slumped 5.1%, one of the steepest decliners on the S&P 500 and the Nasdaq.Netflix (NFLX) is looking to pursue additional partnerships with traditional broadcasters following the launch of its agreement with French broadcaster TF1, Chief Executive Officer Greg Peters told the Financial Times on Friday. Shares of Netflix dropped 5.8%, among the worst performers on the Nasdaq and the S&P 500.SpaceX (SPCX) commenced its first offering of senior unsecured notes, the proceeds of which will be used to repay outstanding borrowings under its bridge loan facility and to pay related fees and expenses, the company said in a regulatory filing on Monday. Shares sank more than 16%.In geopolitical news, the US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal, Bloomberg reported.Vice President J.D. Vance described the first round of negotiations as "very very good" and said Iran agreed to allow nuclear inspectors back into the country, the report said. But Iranian officials, who also cited progress, reportedly challenged the claim about access.Vance noted progress on multiple fronts, according to the Associated Press. It included the establishment of "mechanisms" to ensure the Strait of Hormuz stays open and to address fighting between Israel and Iranian-backed Hezbollah militants in southern Lebanon, the news report added.Front-month global benchmark North Sea Brent slumped 2.9% to $78.20 per barrel, and West Texas Intermediate dropped 2.2% to $74.20 per barrel."Our current market targets expect a gradual return to pre-war commercial traffic through the Strait," the Wells Fargo Investment Institute said in a research note. "Energy prices may reverse higher in the coming weeks and make consumer price inflation sticky in the balance of 2026."Most US Treasury yields jumped, with the 10-year up 5.8 basis points to 4.51%. The two-year rate advanced 5.1 basis points to 4.23%.Day-to-day developments aside, even with a near-term reopening of the Strait, it will take time for energy markets to stabilize, according to a Stifel note."Remember, production has been stalled or shut in for months at facilities in the region, which will be slow to return to full capacity," Stifel Chief Economist Lindsey Piegza and Senior Economist Lauren Henderson said in the note. "Additionally, the flow of supply will also take time to restore with more than 1,000 ships reportedly 'stuck' amid the more than three-month closure of the vital waterway."In precious metals, gold futures fell 0.9% to $4,209.8, while silver futures dropped 1.5% to $65.31.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL$NFLX$SPCX
International

US Equity Markets Mixed as Communication Services Stocks Fall, Bond Yields Move Up

US equity indexes were mixed on Monday after communication services stocks saw steep declines and government bond yields moved higher.* US Vice President JD Vance said Monday that Iran agreed to allow International Atomic Energy Agency inspectors into the country, according to media reports.* The US issued a 60-day license allowing Iran to sell oil on the international market, Bloomberg reported Monday.* July West Texas Intermediate crude oil fell $1.41 to settle at $75.19 per barrel, while August Brent crude, the global benchmark, was last seen down $2.27 at $78.30.* Super Micro Computer (SMCI) shares were up roughly 15%, the top gainer on the S&P 500, after the company said it is launching a high-performance computing data center offering based on Nvidia's (NVDA) Vera Rubin NVL4 platform.* Alphabet's (GOOG, GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Shares of Alphabet were down about 5%, one of the steepest decliners on the S&P 500 and the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL$NVDA$SMCI
Japan

Update: US Equity Indexes Mixed as Communication Services Sector Slides, Treasury Yields Surge

(Updates with index/price moves and political news from the first paragraph.)US equity indexes traded mixed ahead of Monday's close amid steep declines in communication services and rising government bond yields.The Nasdaq Composite dropped 1.4% to 26,160.44, with the S&P 500 down 0.5% to 7,465.9, while the Dow Jones Industrial Average rose 0.2% to 51,654.7. Communication services sank 4%, and consumer discretionary dropped 2%.Alphabet's (GOOG, GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Shares of Alphabet slumped 5.5%, one of the steepest decliners on the S&P 500 and the Nasdaq.Netflix (NFLX) is looking to pursue additional partnerships with traditional broadcasters following the launch of its agreement with French broadcaster TF1, Chief Executive Officer Greg Peters told the Financial Times on Friday. Shares of Netflix dropped 5.8%, among the worst performers on the Nasdaq and the S&P 500.In geopolitical news, the US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal, Bloomberg reported Monday.Vice President Vance and US officials claimed progress on multiple fronts, according to the Associated Press. It included the establishment of "mechanisms" to ensure the Strait of Hormuz stays open and to address fighting between Israel and Iranian-backed Hezbollah militants in southern Lebanon, the news report added.Front-month global benchmark North Sea Brent slumped 3.1% to $78.04 per barrel. The US West Texas Intermediate dropped 2.4% to $74.04 per barrel.Most US Treasury yields jumped, with the 10-year up 5.8 basis points to 4.51%. The two-year rate advanced 5.7 basis points to 4.23%.

Dow JonesNasdaq CompositeS&P 500$ABBV$ACA$AMZN$APGE$CRH$CVX$GOOG$GOOGL$MSFT$NFLX
Sectors

Sector Update: Tech Stocks Advance Late Afternoon

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.6%.The Philadelphia Semiconductor index rose 1.3%.In corporate news, Micron Technology (MU) shares gained 5% after it said Monday it is collaborating with Anthropic for memory and storage AI architecture design, product supply, and enterprise adoption of Claude, alongside an investment in Anthropic's series H funding round.Dell (DELL) shares climbed 1.6% after it introduced the PowerEdge XE8812, a new server designed to handle large AI-computing workloads and built with Nvidia's (NVDA) Vera Rubin platform.Alphabet's (GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Alphabet shares were down 5.2%.STMicroelectronics (STM) shares rose 1.6% after the company said it released a new 3-dimensional light detection and ranging module designed for AI applications on small computing devices.

$DELL$GOOGL$MU$STM
Wire

Top Midday Decliners

SL Science (SLBT) reported a 2025 net loss late Thursday that was wider than a year earlier amid a decline in revenue. The US equity market was closed on Friday for the Juneteenth public holiday.Shares slumped 18% on Monday, with intraday trading volume exceeding 266,000 versus a daily average of roughly 660,000.Virgin Galactic (SPCE) said in a regulatory filing Monday that it has entered into a private agreement with a holder of its 2.50% convertible senior notes due 2027 to exchange around $52.5 million in principal for shares.Shares dropped 11%, with intraday trading volume at more than 18.9 million from the stock's daily average of about 29.7 million.Alphabet (GOOG, GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday.Class A shares of Alphabet declined 5.6%, with intraday trading volume at nearly 31.4 million from a daily average of over 29.8 million.Price: $4.74, Change: $-1.05, Percent Change: -18.08%

$AMZN$GOOG$GOOGL$SLBT$SPCE
Asia Markets

Update: US Equity Indexes Mixed Amid Steep Decline in Communication Services, Surging Treasury Yields

(Updates with index/price moves and political/company news from the first paragraph.)US equity indexes traded mixed amid steep declines in communication services and consumer discretionary and rising government bond yields after midday Monday.The Nasdaq Composite dropped 1.2% to 26,194.83, with the S&P 500 down 0.4% to 7,472, while the Dow Jones Industrial Average rose 0.3% to 51,696.7.All sectors, except communication services, consumer discretionary, consumer staples and technology, gained. Real estate and healthcare led the gainers. Communication services sank 4.4%, and consumer discretionary was down 2%.Alphabet (GOOG, GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Shares of Alphabet slumped nearly 6%, one of the steepest decliners on the S&P 500 and the Nasdaq.Netflix (NFLX) is looking to pursue additional partnerships with traditional broadcasters following the launch of its agreement with French broadcaster TF1, Chief Executive Officer Greg Peters told the Financial Times on Friday. Shares of Netflix dropped 6%, among the worst performers on the Nasdaq and the S&P 500.In geopolitical news, US Vice President JD Vance said Monday that Iran agreed to allow International Atomic Energy Agency inspectors into the country, according to media reports. "That is a major milestone for the American people, and the first step in permanently denuclearizing or permanently ending a nuclear weapons program in Iran, and that's exactly what we wanted to do," Vance was cited as saying.Iran's Foreign Minister Araghchi and the country's top negotiator Mohammad Bagher Ghalibaf are traveling to Oman to discuss the management of the Strait of Hormuz, Al Jazeera reported on Monday. The two are set to discuss consolidating Iranian arrangements for managing the strait and enhancing bilateral coordination, Ghalibaf said on Telegram, according to the news report.Front-month global benchmark North Sea Brent slumped 3.4% to $77.87 per barrel. The US West Texas Intermediate dropped 3% to $73.66 per barrel.Most US Treasury yields jumped, with the 10-year up six basis points to 4.52%. The two-year rate jumped 4.9 basis points to 4.23%. Even as oil prices have been declining since an interim peace deal was signed between the US and Iran, the market is still pricing two interest rate increases -- 25 basis points each -- by the end of this year, according to the CME FedWatch tool, following the hawkish lean seen in the June monetary policy announcement last week.In precious metals, gold futures fell 0.9% to $4,209.1, while silver futures declined 1% to $65.68.In company news, Chevron (CVX) has agreed to build a power plant in West Texas to supply electricity to a data center operated by technology giant Microsoft (MSFT), as part of a 20-year power purchase deal. Shares of Microsoft dropped 2.5%, among the steepest decliners on the Dow.AbbVie (ABBV) agreed to acquire Apogee Therapeutics (APGE) in an all-cash deal of about $10.9 billion, as the drugmaker looks to strengthen its immunology portfolio and accelerate its clinical presence in the respiratory segment. Shares of AbbVie advanced nearly 7%, one of the top gainers on the S&P 500.CRH (CRH) said it agreed to acquire building materials rival Arcosa (ACA) in an all-cash transaction valued at about $8.5 billion, expanding its infrastructure products business and strengthening its position in North America.

Dow JonesNasdaq CompositeS&P 500$ABBV$ACA$AMZN$APGE$CRH$CVX$GOOG$GOOGL$MSFT$NFLX
Sectors

Sector Update: Tech Stocks Advance Monday Afternoon

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.7%.The Philadelphia Semiconductor index rose 1.4%.In corporate news, STMicroelectronics (STM) shares gained 2.2% after the company said it released a new 3-dimensional light detection and ranging module designed for AI applications on small computing devices.Alphabet's (GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Alphabet shares were down 5.7%.SpaceX (SPCX) has started its first offering of senior unsecured notes, the proceeds of which will be used to repay outstanding borrowings under its bridge loan facility and to pay related fees and expenses, the company said Monday in a regulatory filing. Separately, SpaceX has signed a roughly $6.3 billion computing power agreement with Reflection AI, CNBC reported. SpaceX shares were falling past 10%.

$GOOGL$SPCX$STM
Japan

Update: US Equity Indexes Mixed Amid Steep Decline in Communication Services

(Updates with index/price moves and political/company news from the first paragraph.)US equity indexes traded mixed amid steep declines in communication services and consumer discretionary in Monday's midday trading.The Nasdaq Composite dropped 1.2% to 26,208.5, with the S&P 500 down 0.3% to 7,478.8, while the Dow Jones Industrial Average rose 0.4% to 51,774.9.All sectors, except communication services, consumer discretionary, and technology, gained. Real estate and healthcare led the gainers. Communication services sank 4.5%, and consumer discretionary was down 1.9%.Alphabet (GOOG, GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Shares of Alphabet slumped 6% intraday.In geopolitical news, US Vice President JD Vance said Monday that Iran agreed to allow International Atomic Energy Agency inspectors into the country, according to media reports. "That is a major milestone for the American people, and the first step in permanently denuclearizing or permanently ending a nuclear weapons program in Iran, and that's exactly what we wanted to do," Vance was cited as saying.Front-month global benchmark North Sea Brent slumped 3.8% to $77.48 per barrel. The US West Texas Intermediate dropped 3.2% to $73.45 per barrel.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL

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