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Rallied as tech and semiconductor stocks jumped, with the Philadelphia Semiconductor Index climbing 5.4% amid the broad market rally.

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Sectors

Sector Update: Tech

Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 2.3%.The Philadelphia Semiconductor index climbed 2.2%.In corporate news, Alibaba (BABA), ByteDance, and DeepSeek may receive permission from China to buy a limited volume of Nvidia (NVDA) H200 chips to offset a shortage due to increasing demand for AI chips, The Information reported. Nvidia shares rose 3.8%.

$BABA$NVDA
Equities

Social Buzz: Wallstreetbets Stocks Mostly Declining Premarket Wednesday; Sandisk, Nebius Group to Open Lower

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Wednesday's opening bell.DTE Energy (DTE) was up 0.1% pre-bell, following a 1.6% increase at Tuesday's close.SpaceX (SPCX) was up 0.1% premarket, after a 6.8% fall from the previous session.Sandisk (SNDK) was nearly 4% lower in pre-bell activity, following a 7.3% decline from Tuesday's session.Nebius Group (NBIS) fell more than 4% premarket, after closing Tuesday with an 8.4% decline.Micron Technology (MU) declined by 3.6% hours before market open, after a 4.7% fall from the previous session.Meta Platforms (META) was 1.7% lower in premarket activity, following a 2.6% rise from Tuesday's session.Microsoft (MSFT) was down 1.5% premarket, reversing a 0.5% increase at Tuesday's close.Nvidia (NVDA) fell by 1.5% pre-bell, swinging from a 0.7% increase at Tuesday's close.

$DTE$META$MSFT$MU$NBIS$NVDA$SNDK$SPCX
Update: Dow Snaps Record Run Amid Tech Sell-Off, Oil Price Jump
US Markets

Update: Dow Snaps Record Run Amid Tech Sell-Off, Oil Price Jump

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average retreated from record high on Tuesday as technology stocks sold off, while oil prices jumped amid renewed concerns over the Middle East situation.The Dow fell 0.3% to settle at 52,925.15 after logging back-to-back closing highs in the past two sessions. The technology-heavy Nasdaq Composite fell 1.2% to 25,818.7, while the S&P 500 shed 0.5% to 7,503.9.Among sectors, industrials saw the steepest decline followed by tech, while energy led gainers.Chipmaker Intel's (INTC) shares slumped 9.7%, the worst performer on the S&P 500. Western Digital (WDC), Marvell Technology (MRVL), Sandisk (SNDK), Advanced Micro Devices (AMD), Applied Materials (AMAT), Micron Technology (MU) also saw declines."Equities are rotating out of technology after Monday's rebound, as an Asian chip selloff revived (artificial intelligence)-valuation worries and pushed (South Korea's) KOSPI down 7.5%," Saxo Bank said in a report.A global tech sell-off on Tuesday followed the release of preliminary quarterly results by Samsung Electronics, as well as a Reuters report on Chinese firm DeepSeek developing its own AI chip that could allow it to rely less on US chipmaking giant Nvidia (NVDA) and Huawei.West Texas Intermediate crude oil was up 4.9% at $71.91 per barrel in Tuesday late-afternoon trade, while Brent advanced 5.1% to $75.67.Iran attacked a Qatari LNG ship transiting near the Strait of Hormuz, the world's most important chokepoint for crude flows, according to Qatar's foreign ministry spokesperson Majed Al Ansari.The US Treasury Department revoked the waiver allowing Iran to sell its oil, CNBC reported."Iran will only reap benefits if they exhibit good behavior," CNBC quoted a US official as saying. "Iran's actions in the Strait were wholly unacceptable to the United States and will be met with consequences."US Treasury yields were higher, with the 10-year rate up 6.6 basis points at 4.55% and the two-year rate rising 5.6 basis points to 4.18%.In economic news, the US trade deficit grew in May to its widest since March 2025, as imports increased and exports fell, government data showed."Surging imports and a rare decline in exports spiked the US trade deficit to its highest level in more than a year," BMO Capital Markets said in a note. "Despite tariffs, the trade deficit has returned to levels of late 2024, before importers began front-loading purchases, suggesting little overall progress in shrinking the trade gap."In company news, SpaceX (SPCX) drew bullish views from Wall Street as the rocket and satellite company joined the Nasdaq 100 index, with analysts pointing to AI, satellite connectivity and space-enabled solutions as key growth drivers.Deutsche Bank, RBC Capital Markets and Morgan Stanley initiated coverage of SpaceX with their highest ratings.SpaceX shares slumped 6.8%.Gold fell 1.1% to $4,122.80 per troy ounce, while silver lost 2.9% to $60.52 per ounce.

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

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were sharply lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 6.6%.The Philadelphia Semiconductor Index slumped 5.2%.In corporate news, Intel (INTC) shares fell past 10% after Samsung Electronics' preliminary earnings disappointed investors.Chinese firm DeepSeek is developing its own AI chip that could allow it to rely less on Nvidia (NVDA) and Huawei, Reuters reported. Nvidia shares were up 0.5%.Synopsys (SNPS) plans to stop its production process control software suite for semiconductor manufacturers to redirect resources toward higher-margin AI design, Reuters reported. Synopsys shares were falling 1%.Microsoft (MSFT) is beginning to replace offerings from OpenAI and Anthropic with its own models in software products such as Excel and Outlook to reduce AI costs, Bloomberg reported. Microsoft shares added 1%.

$INTC$MSFT$NVDA$SNPS
Update: Chip Stocks Weigh on Equities Intraday; Oil Rises on Hormuz Tensions
US Markets

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

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

Dow JonesNasdaq CompositeS&P 500$AMAT$AMD$INTC$MRVL$MU$NVDA$SPCX$WDC
Update: Dow Rises to Record as Wall Street Logs Weekly Gains
US Markets

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

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

Dow JonesNasdaq CompositeS&P 500$AAPL$CSCO$NVDA$SNDK$TSLA
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
Equity Markets Mixed Intraday After Jobs Report
US Markets

Equity Markets Mixed Intraday After Jobs Report

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

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

Sector Update: Tech Stocks Fall Thursday Afternoon

Tech stocks were lower Thursday 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 7.4%.The Philadelphia Semiconductor index slumped 6.2%.In corporate news, 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 2.3%.Microsoft (MSFT) 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. Separately, Microsoft-backed OpenAI is in preliminary talks to give a 5% stake to the US government, the Financial Times reported. Microsoft shares were up 2%.Amazon-backed (AMZN) Anthropic and the Trump administration have not held talks on the US government taking stakes in Anthropic, Reuters reported. Amazon shares were rising 1.4%.

$AMZN$MSFT$NVDA
Sectors

Sector Update: Tech

Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 3% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 7.4%.The Philadelphia Semiconductor index slumped 6%.In corporate news, 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. Shares fell 2.3%.

$NVDA
Wire

Top Midday Stories: June Jobs Report Comes in Well Below Expectations; Tesla Q2 Deliveries Jump 25% Year Over Year to 480,126 Vehicles

Wall Street's major market averages were mixed in late-morning trading Thursday, as investors reacted to the latest jobs report that came in well below expectations.The June employment report showed nonfarm payrolls rose by 57,000, significantly below the 113,000-job increase expected in a survey compiled by Bloomberg as of 7:40 a.m. ET, while May payrolls were revised down to 129,000 jobs from 172,000. The unemployment rate fell to 4.2% in June from 4.3% in May, while the labor force participation rate fell to 61.5% from 61.8% in May.In company news, Tesla (TSLA) said Thursday it delivered 480,126 vehicles in Q2, a 25% jump from a year earlier. The electric-vehicle maker said it delivered 467,762 Model 3/Y vehicles during the period, up from 373,728 a year ago. Tesla shares were down 6.8% around midday.Two Blue Owl (OWL) private credit funds received large redemption requests for the second consecutive quarter, Bloomberg reported Thursday, citing an investor letter. Blue Owl Credit Income, or OCIC, received requests amounting to 18.8% of shares, or $3.6 billion, while Blue Owl Technology Income received shareholder requests totaling 38.1%, or $1.1 billion, the report said. The company said it has satisfied over 43% of the original demand from shareholders with repeat withdrawal requests and that OCIC doesn't need to sell a single private loan to satisfy the tender offer, according to the report. Blue Owl shares were up 5.6%.Anthropic has begun early-stage work on developing its own AI chip and has held talks with Samsung as a potential manufacturing partner, The Information reported Thursday, citing people familiar with the matter.OpenAI is in preliminary talks to give a 5% stake to the US government, the Financial Times reported Thursday, citing two people familiar with the matter.Meta Platforms' (META) WhatsApp has been directed by the Indian government to halt the rollout of its planned username feature and justify its implementation, Reuters reported Thursday, citing a government letter it reviewed. Meta shares were down 4.1%.Rivian Automotive (RIVN) said Thursday it raised its full-year 2026 delivery outlook to a range of 65,000 to 70,000 vehicles, from a prior range of 62,000 to 67,000, following stronger-than-expected Q2 deliveries. The company said it produced 12,613 units and delivered 12,194 vehicles in the quarter ended June 30, exceeding its guidance for 9,000 to 11,000 deliveries, driven by growth in its EDV and R1 lines and early contributions from R2 deliveries. Rivian shares were up 10.0%.Lucid Group (LCID) said Thursday that it produced 4,774 vehicles and delivered 3,953 vehicles in Q2. The EV maker also named Alexander De Bock as its new chief financial officer, succeeding Taoufiq Boussaid, who is leaving the company. Lucid shares were down 7.2%.Ford Motor (F) said Thursday it recorded Q2 US sales of 549,200, down 10.3% from the year-ago period's total of 612,095 vehicles. Ford shares were down 2.1%.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. Nvidia shares were down 1.2%.Price: $9.11, Change: $+0.47, Percent Change: +5.38%

$F$LCID$META$NVDA$OWL$RIVN$TSLA
Commodities

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

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

Dow JonesNasdaq CompositeS&P 500$BABA$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$FPS$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVDA$NVS$PMR$QQQ$RTH$SLV$SOXX$SPY$TTE$UBS$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Update: Dow Hits Fresh High as Wall Street Posts Solid Quarterly Gains
US Markets

Update: Dow Hits Fresh High as Wall Street Posts Solid Quarterly Gains

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average hit an new all-time high on Tuesday, with major technology stocks advancing, as Wall Street closed out a winning quarter.The Dow rose 0.3% to 52,319.2, logging record closing highs for two consecutive days. The Nasdaq Composite jumped 1.5% to 26,213.7, while the S&P 500 climbed 0.8% to 7,499.36.The Dow posted a quarterly gain of nearly 13%, while the Nasdaq and the S&P 500 advanced 21% and 15%, respectively, on the quarter.The S&P 500 and the Nasdaq notched their best quarter in six years, while the Dow posted its strongest quarterly gain since the fourth quarter of 2022, CNBC reported. The Dow notched its best first-half performance since 2021, CNBC reported.Among sectors, tech paced the gainers Tuesday with a 2.6% jump, while real estate saw the steepest decline.Within tech, chip-related stocks led gains, with Sandisk (SNDK) up nearly 11%, the best performer on the S&P 500. Advanced Micro Devices (AMD), Marvell Technology (MRVL), On Semiconductor (ON) and Intel (INTC) were also notable gainers on the index.Apple (AAPL), Nvidia (NVDA) and Microsoft (MSFT) were among the biggest gainers on the Dow.AeroVironment (AVAV) shares jumped nearly 19% as the drone maker late Monday reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat full-year revenue outlook at the midpoint.Shares of Citigroup (C), Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) fell following rating downgrades from Oppenheimer.West Texas Intermediate crude oil was down 0.9% at $70.11 a barrel in Tuesday late-afternoon trade, while Brent slipped 0.3% to $72.92.WTI and Brent were headed for a decline of about 20% for the month of June as oil prices sold off after the US and Iran agreed to a memorandum of understanding to end their war. In May, crude prices tumbled about 17%."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic," Saxo Bank said in a report Tuesday.US special envoys Steve Witkoff and Jared Kushner, who are in Doha, will meet Qatari mediators, not Iranian officials, CNN reported, citing Qatar's Foreign Ministry.US Treasury yields were higher, with the 10-year rate up six basis points at 4.44% and the two-year rate rising 3.9 basis point to 4.15%.In economic news, US consumer confidence edged higher in June as falling oil prices amid an extended US-Iran ceasefire eased inflation fears, the Conference Board said.US job openings were little changed in May as hiring fell and separations rose, according to official data that Oxford Economics said likely overstates labor market strength.Gold was last down 0.1% at $4,036.30 per troy ounce, while silver climbed 2.1% to $59.88 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMD$AVAV$BAC$C$GS$INTC$MRVL$MS$MSFT$NVDA$ON$SNDK
Sectors

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks advanced late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.8% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 5.5%.The Philadelphia Semiconductor Index climbed 4.2%.In corporate news, the US Supreme Court will hear an appeal by Apple (AAPL) challenging lower court rulings that it willfully defied a 2021 ruling involving developer fees for its app store, according to media reports. Apple shares rose 2.2%.AeroVironment (AVAV) shares surged past 20% after it reported stronger-than-expected fiscal Q4 results and issued an upbeat full-year revenue outlook at the midpoint.Super Micro Computer (SMCI) is cooperating with Taiwanese authorities after investigators searched its Taiwan office as part of a probe into suspected exports of Nvidia (NVDA) AI servers to China in violation of trade restrictions, the Financial Times reported. Super Micro shares rose 4.1%, and Nvidia added 2.1%.Micron Technology (MU) said Tuesday it is investing $250 million into 530A Accounts, also known as Trump Accounts. As part of the investment, Micron said it will match employee contributions up to $1,000 per child under 18 and provide a one-time $250 seed deposit for children with Trump Accounts where it operates in Idaho, New York, Virginia, California, Colorado, Minnesota and Texas. Micron shares rose 1.4%.

$AAPL$AVAV$MU$NVDA$SMCI
Update: Equity Markets Rise Intraday, Poised for Strong Quarterly Gains
US Markets

Update: Equity Markets Rise Intraday, Poised for Strong Quarterly Gains

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, led by gains in the technology sector, and poised to close out a winning quarter and first half of the year.The Nasdaq Composite was up 1.4% at 26,172.6 after midday Tuesday -- the last trading session of June -- while the S&P 500 rose 0.7% to 7,495.2. The Dow Jones Industrial Average added 0.3% to 52,362.8, following a record-high close in the previous session.The S&P 500 and the Nasdaq were headed for their best quarter in six years, while the Dow was on track for its best quarterly gain since 2022, news outlets reported. The Dow was poised for its best first-half performance since 2021, while the S&P 500 and the Nasdaq were also higher, CNBC reported.Among sectors, tech paced the gainers intraday Tuesday with a 2.2% jump, while real estate saw the steepest decline.Within tech, chip-related stocks mainly led gains, with Intel (INTC) up 7.7%, among the top performers on the S&P 500. Nvidia (NVDA) rose 1.7%, the third-best performer on the Dow. Advanced Micro Devices (AMD), Sandisk (SNDK), and Marvell Technology (MRVL) were also notable gainers on the S&P 500.AeroVironment (AVAV) shares jumped nearly 19% as the drone maker overnight reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat full-year revenue outlook at the midpoint.Zimmer Biomet (ZBH) shares were down 6.9% intraday Tuesday, the worst performer on the S&P 500.Sportswear giant Nike (NKE) and beer and wine company Constellation Brands (STZ) are expected to release their latest quarterly results after the closing bell Tuesday.West Texas Intermediate crude oil was down 1.4% at $69.75 a barrel intraday, while Brent slipped 0.3% to $72.95.WTI and Brent were headed for a steep decline for the month of June as oil prices sold off after the US and Iran agreed to a memorandum of understanding to end their war. In May, crude prices tumbled about 17%."Oil prices traded within a relatively tight range near recent lows while remaining on track for their biggest quarterly decline since the pandemic," Saxo Bank said in a report Tuesday.US special envoys Steve Witkoff and Jared Kushner, who are in Doha, will meet Qatari mediators, not Iranian officials, CNN reported, citing Qatar's Foreign Ministry.US Treasury yields were higher intraday, with the 10-year rate up 3.3 basis points at 4.41% and the two-year rate rising 2.2 basis point to 4.14%.In economic news, US consumer confidence edged higher in June as falling oil prices amid an extended US-Iran ceasefire eased inflation fears, the Conference Board said.US home price growth accelerated annually in April, though the value of homes continued to deteriorate in real terms as high inflation outpaced price gains, S&P Global (SPGI) division S&P Dow Jones Indices said.Gold was little changed at $4,039.40 per troy ounce, while silver climbed 2.1% to $59.86 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMD$AVAV$INTC$MRVL$NKE$NVDA$SNDK$SPGI$STZ$ZBH
Sectors

Sector Update: Tech Stocks Rise Tuesday Afternoon

Tech stocks advanced Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 4.5%.The Philadelphia Semiconductor index climbed 3.5%.In corporate news, the US Supreme Court will hear an appeal by Apple (AAPL) challenging lower court rulings that it willfully defied a 2021 ruling involving developer fees for its app store, according to media reports. Apple shares rose 2.4%.AeroVironment (AVAV) shares surged 19% after it reported stronger-than-expected fiscal Q4 results and issued an upbeat full-year revenue outlook at the midpoint.Super Micro Computer (SMCI) is cooperating with Taiwanese authorities after investigators searched its Taiwan office as part of a probe into suspected exports of Nvidia (NVDA) AI servers to China in violation of trade restrictions, the Financial Times reported. Super Micro shares rose 5.3%, and Nvidia added 1.7%.

$AAPL$AVAV$NVDA$SMCI
Wire

Top Midday Stories: Air Products Ends Louisiana Clean Energy Project; Patrick Industries, LCI to Merge in All-Stock Deal

All three major US stock indexes were up in late-morning trading Tuesday, as investors look to end Q2 on a positive note.In company news, Air Products and Chemicals (APD) said Tuesday it will not proceed with the Louisiana Clean Energy Project due to expected financial returns that do not meet stringent return criteria. The company also said it's finalizing a marketing and distribution agreement with Yara International for renewable ammonia from a green hydrogen project in Saudi Arabia. Air Products shares were up 9.1% around midday.Patrick Industries (PATK) and LCI Industries (LCII) have entered into a definitive agreement to merge in an all-stock transaction, the companies said Tuesday. Under the deal terms, LCI shareholders will receive 1.2440 shares of Patrick common stock for each LCI share. Upon closing, Patrick shareholders will own about 52% of the combined company. Patrick Chief Executive Andy Nemeth will serve as CEO of the combined entity, with Patrick Director Todd Cleveland and LCI Interim CEO Johnny Sirpilla serving as chair and vice chair, respectively. The deal is expected to close in H1 2027, subject to shareholder and regulatory approvals. Patrick shares were down 7.8%, while LCI shares were up 2.8%.Super Micro Computer (SMCI) is cooperating with Taiwanese authorities after investigators searched its Taiwan office as part of a probe into suspected exports of Nvidia (NVDA) AI servers to China in violation of trade restrictions, the Financial Times reported Tuesday, citing a person familiar with the matter. Super Micro shares were up 3.5%, while Nvidia shares were up 1.6%.Micron Technology (MU) said Tuesday it's investing $250 million into 530A Accounts, also known as Trump Accounts. As part of the investment, Micron said it will match employee contributions up to $1,000 per child under 18 and provide a one-time $250 seed deposit for children with Trump Accounts where it operates in Idaho, New York, Virginia, California, Colorado, Minnesota and Texas. Micron shares were down 0.4%.Price: $296.45, Change: $+25.10, Percent Change: +9.25%

$APD$LCII$MU$NVDA$PATK$SMCI
Commodities

Exchange-Traded Funds Mixed, Equity Futures Lower Pre-Bell Ahead of Key Economic Reports

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up marginally, and the actively traded Invesco QQQ Trust (QQQ) retreated 0.1% in Tuesday's premarket activity as investors looked ahead to key economic data while concluding one of the strongest quarters for US equities in years.US stock futures were trending lower, with the S&P 500 Index futures, Dow Jones Industrial Average futures, and Nasdaq futures down slightly before the start of regular trading.The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for April, will be released at 9 am ET.The Chicago purchasing managers' index for June is slated for a 9:45 am ET release, followed by the June consumer confidence report and May Job Openings and Labor Turnover Survey at 10 am.Cleveland Fed President Beth Hammack is scheduled to speak on Tuesday.In premarket action, bitcoin was down by 1.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2% lower, Ether ETF (EETH) fell 2.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 2.6%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was steady, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 1%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.4%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Patrick Industries (PATK) shares were down more than 8% pre-bell, while LCI Industries (LCII) stock rose 2% after the companies said they have entered into a definitive agreement to merge in an all-stock transaction.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 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.6% higher.Lloyds Banking Group (LYG) shares traded up over 1% in early hours activity after Bloomberg reported that the company is planning to increase its focus on workplace pensions to boost its wealth segment as part of its five-year strategy through 2030.HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced marginally, the Vanguard Health Care Index Fund (VHT) increased 0.4%, and the iShares US Healthcare ETF (IYH) advanced by 0.9%. The iShares Biotechnology ETF (IBB) was 0.3% higher.BeOne Medicines' (ONC) stock was down slightly premarket, partially reversing the 3.6% gain at the previous close. The company said Brukinsa met its primary endpoint of progression-free survival in a phase 3 study evaluating the drug as a potential treatment in combination with rituximab for mantle cell lymphoma.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.1%, while the Vanguard Industrials Index Fund (VIS) gained 0.5% and the iShares US Industrials ETF (IYJ) was inactive.Hafnia (HAFN) stock was down more than 1% before the opening bell after the company said that Mikael Skov will step down as chief executive officer, effective Sept. 1, and be succeeded by head of asset management Soren Jensen.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.1%, and the iShares US Technology ETF (IYW) was fractionally higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased 0.4%, while the iShares Semiconductor ETF (SOXX) rose 0.1%.Super Micro Computer (SMCI) shares were up 0.9% in premarket activity following an 8.1% drop at the prior close. The Financial Times reported that the company is cooperating with Taiwanese authorities after investigators searched its Taiwan office as part of a probe into suspected exports of Nvidia (NVDA) artificial intelligence servers to China in violation of trade restrictions. Nvidia stock was 0.7% higher.EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.2%.Equinor (EQNR) stock was up 0.7% before market open after the company and Var Energi agreed to exchange natural gas assets on the Norwegian continental shelf.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.6% to $71.20 per barrel on the New York Mercantile Exchange. Natural gas advanced by 2.1% to $3.25 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.1%, while the United States Natural Gas Fund (UNG) was 3.3% higher.Gold futures for July were up by 0.2% to $4,045.30 an ounce on the Comex. Silver futures gained by 1.3% to $59.37 an ounce. SPDR Gold Shares (GLD) advanced by 0.1%, and the iShares Silver Trust (SLV) was 0.6% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$HAFN$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LCII$LYG$NVDA$ONC$PATK$PMR$QQQ$RTH$SLV$SMCI$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Wire

NN Secures Additional Nvidia AI Data Center Cooling Awards

NN (NNBR) said Monday it secured additional 2026 immediate-supply awards for liquid cooling products used in Nvidia (NVDA) AI data center racks, expanding its liquid cooling product portfolio.The company said the new awards are additive to previously announced wins and support plans to expand to 52 dedicated machines for its liquid cooling business, including 50 production lines and two sample machines, with 100% of production capacity already pre-sold.NN said it is procuring 30 additional CNC machine centers on top of the 17 previously announced and has repurposed five automotive CNC production centers for data center manufacturing.The expansion will support Nvidia's supply chain in China, Taiwan and Vietnam and is expected to add to 2026 sales, NN said.NN shares were up 25% in Monday trading.Price: $3.63, Change: $+0.87, Percent Change: +31.52%

$NNBR$NVDA
Sectors

Sector Update: Tech Stocks Rise Premarket Monday

Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.3% higher.Palantir Technologies (PLTR) said it teamed with Nvidia (NVDA) to release an intelligent engine for operating artificial intelligence models within sovereign environments, including secure US government networks. Separately, Palantir said it has expanded its partnership with air mobility platform Surf Air Mobility (SRFM). Shares of Palantir Technologies were up more than 3% pre-bell.Applied Digital (APLD) shares were up more than 2% after the company said its unit modified an existing financing package to expand its total revolving credit commitments to $430 million.Alphabet's (GOOG, GOOGL) Google has placed limits on Meta Platforms' (META) use of its Gemini AI models after the social media company requested more computing capacity than Google could provide, the Financial Times reported, citing people familiar with the matter. Meta Platforms stock was up more than 1% premarket.

$APLD$GOOG$GOOGL$META$NVDA$PLTR$SRFM$XLK$XSD

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