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Wire

Super Micro Computer Rolls Out H15 Servers Using AMD Chips for AI, Cloud Workloads

Super Micro Computer (SMCI) rolled out its H15 server portfolio, using Advanced Micro Devices' (AMD) sixth-generation EPYC 9006 processors to support cloud, enterprise, storage and agentic AI workloadsThe systems offer expanded memory and bandwidth to run more concurrent AI agents and other compute-intensive tasks, Super Micro said Thursday in a statement.The H15 lineup is designed for enterprise applications, AI inference, cloud environments and rack-scale GPU systems used for large-model training, the company said.Price: $31.12, Change: $+0.56, Percent Change: +1.82%

$AMD$SMCI
Update: Equities Mostly Lower as Oil Prices Extend Rally
US Markets

Update: Equities Mostly Lower as Oil Prices Extend Rally

(Updates with market moves at the end of the day.)US equity benchmarks ended mostly lower Wednesday ahead of key earnings releases, while oil prices headed for their fourth consecutive day of gains.The Nasdaq Composite fell 0.6% to 25,690.90, while the S&P 500 edged down 0.1% to 7,498.96. The Dow Jones Industrial Average was little changed at 52,218.58. Among sectors, communication services led the laggards, while utilities paced the gainers.Google parent Alphabet (GOOG, GOOGL) and electric vehicle manufacturer Tesla (TSLA) released their quarterly earnings after the closing bell.Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX) were also scheduled to release their results after market close.West Texas Intermediate crude oil was up 2.5% at $86.41 a barrel in Wednesday late-afternoon trade, while Brent advanced 3% to $93.76. Brent briefly traded above $95 earlier Wednesday amid escalating tensions between the US and Iran.In a social media post Wednesday, US President Donald Trump vowed to destroy an Iranian bridge or power plant every time Tehran attacks ships in the Strait of Hormuz.Iran's Islamic Revolutionary Guard Corps said it hit Jordan's King Faisal and Prince Hassan bases with missiles and drones, claiming to have targeted US military equipment in response to recent American strikes, CNN reported. The US Central Command said Tuesday it struck Iran for the 11th consecutive evening.More tankers changed course in the Red Sea Wednesday following threats by Yemen's Iran-aligned Houthis to attack vessels using Saudi Arabian ports, BBC and Reuters reported.Treasury yields were higher, with the two-year rate up 4.5 basis points at 4.31% and the 10-year rate rising 3.3 basis points to 4.66%.In corporate news, shares of Super Micro Computer (SMCI) jumped nearly 20%, the best performer on the S&P 500. The company said in a preliminary business update late Tuesday that it received more than $60 billion in new orders during its fiscal fourth quarter. It raised the gross margin outlook for the period.Alaska Air (ALK) fell 2.4% as the airline late Tuesday issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss.Gold was up 1.5% at $4,135.60 per troy ounce, while silver gained 1.4% to $59.92 per ounce.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$GOOG$GOOGL$IBM$NOW$SMCI$TSLA$TXN
Japan

US Equity Markets Close Lower as Escalating Middle East Tensions Lift Oil Prices

US equity indexes ended lower Wednesday as US-Iran tensions continued to escalate, boosting crude oil prices.* The US will destroy an Iranian bridge or power plant, including those in and around Tehran, every time it attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post. In a post on X, Iran's Foreign Minister Abbas Araghchi said, "Our defense doctrine is clear: eye for an eye."* The probability of the Federal Reserve raising the policy rate for July increased to 33.7% from 10.7% a week ago, according to the CME FedWatch tool.* August West Texas Intermediate crude oil rose $2.24 to settle at $86.62 per barrel, while September Brent crude, the global benchmark, was last seen up $2.88 at $93.92.* Super Micro Computer (SMCI) shares rose 20%, the top gainer on the S&P 500, a day after the company said it expects fiscal Q4 GAAP and non-GAAP gross margins in the range of 15% to 17%, above its 8.2% to 8.4% forecast.* Space Exploration Technologies' (SPCX) SpaceXAI unit is exploring several potential sites in Texas for at least one new large-scale data center, The Information reported. The stock fell 6.7%, the biggest drop on the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$SMCI$SPCX
Sectors

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) fractionally lower and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.4%.The Philadelphia Semiconductor index climbed 0.9%.In corporate news, Super Micro Computer (SMCI) shares surged past 20% after the firm said it expects fiscal Q4 GAAP and non-GAAP gross margins to be 15% to 17%, significantly above its 8.2% to 8.4% forecast, due to a favorable customer and product mix.Advanced Micro Devices (AMD) committed to invest up to $5 billion in Anthropic, while the companies entered into a strategic partnership covering AMD chips. AMD will make the investment in the AI firm "in the future," the companies said Wednesday. AMD shares rose 3.1%.Amazon (AMZN) is eliminating some roles within parts of its artificial general intelligence organization, a company spokesperson confirmed toWednesday in an emailed statement. Amazon shares were shedding 1.2%.SpaceX's (SPCX) SpaceXAI unit is exploring several potential sites in Texas for at least one new large-scale data center, The Information reported. SpaceX shares were down 5.6%.

$AMD$AMZN$SMCI$SPCX
Sectors

Sector Update: Tech

Tech stocks were mixed late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) 0.1% lower and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.6%.The Philadelphia Semiconductor index climbed up 1%.In corporate news, Super Micro Computer (SMCI) shares surged 20% after the firm said it expects fiscal Q4 GAAP and non-GAAP gross margins to be 15% to 17%, significantly above its 8.2% to 8.4% forecast, due to a favorable customer and product mix.

$SMCI
Wire

Top Midday Gainers

Arrowhead Pharmaceuticals (ARWR) said Wednesday topline results from its global phase 3 clinical studies of plozasiran in patients with severe hypertriglyceridemia showed the trials "successfully met" primary endpoint of triglyceride reduction versus placebo and met all prespecified secondary endpoints in both studies.Shares surged 24% amid an increase in intraday trading volume to over 4.8 million from a daily average of roughly 2.1 million.Super Micro Computer (SMCI) soared 22% amid heavy trading after the company said it expects fiscal Q4 GAAP and non-GAAP gross margins in the range of 15% to 17%, significantly above its 8.2% to 8.4% forecast on the back of a favorable customer and product mix, according to a statement late Tuesday.Over 126 million shares traded intraday versus a daily average of roughly 51.4 million.First Financial Bancorp (FFBC) agreed to acquire Finward Bancorp (FNWD) for about $208 million in stock to expand in northwest Indiana and Chicago, according to a statement late Tuesday.Shares jumped 22%, with intraday trading volume rising to more than 126,900 from the stock's daily average of about 17,000.Price: $31.31, Change: $+5.81, Percent Change: +22.79%

$ARWR$FNWD$SMCI
Update: Equities Mixed Intraday as Traders Await Alphabet, Tesla Results
US Markets

Update: Equities Mixed Intraday as Traders Await Alphabet, Tesla Results

(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday ahead of earnings releases from technology giants Alphabet (GOOG, GOOGL) and Tesla (TSLA), while oil prices advanced further.The Dow Jones Industrial Average was up 0.3% at 52,372.4 after midday Wednesday, while the S&P 500 edged up 0.2% to 7,520.4. The Nasdaq Composite ticked down 0.1% to 25,812.3. Among sectors, utilities paced the gainers, while consumer discretionary saw the steepest decline.Google parent Alphabet and electric vehicle manufacturer Tesla are scheduled to report their quarterly earnings after the markets close, along with Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX).West Texas Intermediate crude oil was up 2.4% at $86.32 a barrel intraday, while Brent advanced 2.7% to $93.47. Both benchmarks were on track for their fourth consecutive day of gains, with Brent briefly trading above $95 earlier Wednesday amid escalating tensions between the US and Iran.In a social media post Wednesday, US President Donald Trump vowed to destroy an Iranian bridge or power plant every time Tehran attacks ships in the Strait of Hormuz.Iran's Islamic Revolutionary Guard Corps said it hit Jordan's King Faisal and Prince Hassan bases with missiles and drones, claiming to have targeted US military equipment in response to recent American strikes, CNN reported. The US Central Command said Tuesday it struck Iran for the 11th consecutive evening.Four more tankers changed course in the Red Sea Wednesday following threats by Yemen's Iran-aligned Houthis to attack vessels using Saudi Arabian ports, Reuters reported.Treasury yields were higher intraday, with the two-year rate up 3.7 basis points at 4.3% and the 10-year rate rising 1.8 basis points to 4.65%.In corporate news, shares of Super Micro Computer (SMCI) jumped nearly 24% intraday, the best performer on the S&P 500. The company said in a preliminary business update late Tuesday that it received more than $60 billion in new orders during its fiscal fourth quarter. It raised the gross margin outlook for the period.Alaska Air (ALK) slumped 5.3% as the airline late Tuesday issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss.Gold was up 1.8% at $4,151.20 per troy ounce, while silver gained 2% to $60.30 per ounce.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$GOOG$GOOGL$IBM$NOW$SMCI$TSLA$TXN
Asia Markets

Update: US Equity Indexes Mixed as Treasury Yields Jump With Crude Oil Amid Red Sea Chokepoint Disruption

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as government bond yields followed crude oil prices higher amid worsening Iran geopolitics and a disruption of maritime traffic in the Red Sea chokepoint.The Nasdaq Composite slipped less than 0.1% to 25,826.1 after midday Wednesday. The S&P 500 rose 0.1% to 7,519.5, and the Dow Jones Industrial Average climbed 0.3% to 52,369.4.In geopolitical news, the US will destroy an Iranian bridge or power plant, including those in and around Tehran, every time it attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post on Wednesday.Iran's Islamic Revolutionary Guard Corps said it hit Jordan's King Faisal and Prince Hassan bases with missiles and drones, claiming to target US military equipment in response to recent American strikes, CNN reported. The US Central Command said Tuesday it struck Iran for the 11th consecutive evening.Seven tankers have changed course in the Red Sea to avoid the Bab el-Mandeb Strait since the Houthis' threat on Tuesday to block Saudi oil exports, Reuters reported. The Iran-aligned Houthis have reportedly completed preparations to target vessels near the Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden and Arabian Sea. The Bab el-Mandeb Strait is an alternative route to the Strait of Hormuz, which remains effectively closed due to tensions between the US and Iran.The front-month US West Texas Intermediate climbed 2.4% to $86.40 a barrel, and global benchmark North Sea Brent jumped 2.8% to $93.52 a barrel.US Treasury yields rose, extending gains from Tuesday. The 10-year marched 1.8 basis points higher to 4.65%, its strongest level in a month. The two-year jumped 3.7 basis points to 4.3% after yields hit the highest in 52 weeks.Markets are pricing in a more hawkish path for central banks, with yields moving higher around the world as a result, Jim Reid, global head of macro and thematic research at Deutsche Bank, said in a note Wednesday, referring to the recent moves in real yields. The US 30-year real yield at over 1.0 basis point reached a post-2008 high on Tuesday, he added.Next week, the probability of the Federal Reserve leaving its policy unchanged for July slumped to 66% from 89% a week ago, the CME FedWatch tool showed Wednesday. The likelihood of a pause continuing across September, October, and December also declined. The possibility of a Fed rate increase had surged earlier this month following soft consumer and producer price inflation data.Alphabet (GOOG, GOOGL) and Tesla (TSLA) will report quarterly earnings after the bell on Wednesday.Shares of Super Micro Computer (SMCI) soared 24% after the company said it expects fiscal Q4 GAAP and non-GAAP gross margins in the range of 15% to 17%, significantly above its 8.2% to 8.4% forecast due to a favorable customer and product mix. The stock was the top gainer on the S&P 500.In precious metal markets, gold futures jumped 2% to $4,159.3, and silver futures advanced 2.6% to $60.64.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$SMCI$TSLA
Sectors

Sector Update: Tech Stocks Fall Premarket Wednesday

Technology stocks were falling premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.6% lower.Super Micro Computer (SMCI) stock was up more than 12% after the company said it expects fiscal Q4 GAAP and non-GAAP gross margins in the range of 15% to 17%, significantly above its 8.2% to 8.4% forecast due to a favorable customer and product mixMonday.com (MNDY) has implemented a restructuring plan that would reduce its workforce by about 20%, the company said in a filing. Shares of Monday.com were up more than 2% pre-bell.Nvidia (NVDA) has launched US mass production of its GB300 Grace Blackwell Ultra Superchip through a new $700 million Wistron manufacturing facility opened in Fort Worth, Texas, the latter said. Nvidia stock was 0.9% lower premarket.

$MNDY$NVDA$SMCI$XLK$XSD
Sectors

Sector Update: Tech

Technology stocks were falling premarket Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) down 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.6% lower.Super Micro Computer (SMCI) stock was up more than 12% after the company said it expects fiscal Q4 GAAP and non-GAAP gross margins in the range of 15% to 17%, significantly above its 8.2% to 8.4% forecast due to a favorable customer and product mix

$SMCI
Asia Markets

Update: US Equity Futures Drop Pre-Bell as Oil Prices Jump Amid Lack of Progress in US-Iran Talks

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were lower pre-bell Wednesday as oil prices rose following US Secretary of State Marco Rubio's statement that Iran was not taking negotiations seriously.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 1% lower.US Central Command said in a post on X that it completed the 11th straight day of attacks against Iran, stating that the Strait of Hormuz "remains open for commercial vessel transit.""The problem we're having right now is that they're not serious about talks. If they're serious, we're serious. If they're not, then we will do what's necessary to protect our interests, and also the interests of our allies," Rubio said during the ASEAN Foreign Ministers' meeting in the Philippines, according to multiple media reports.Traders also took note of the latest round of earnings, with Philip Morris International (PM) reporting higher Q2 adjusted earnings and net revenue.Alphabet (GOOG, GOOGL) is expected to report its Q2 earnings after the market closes. Analysts polled by FactSet expect earnings of $2.88 per share on revenue of $117.06 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.1% at $93.84 per barrel and US West Texas Intermediate crude 2.8% higher at $86.70 per barrel.The Atlanta Fed Business Inflation Expectations survey for July is expected at 10 am ET.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 1% lower, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was up 1.5%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, Super Micro Computer (SMCI) stock was up 14% after the company said it expects fiscal Q4 gross margins of 15% to 17%, significantly above its 8.2% to 8.4% forecast due to a favorable customer and product mix. AT&T (T) shares rose 4.2% after the company reported better-than-expected Q2 adjusted earnings. Energy-related stocks rose along with oil prices, including Exxon Mobil (XOM), which was up 1%, and Chevron (CVX), which was 1% higher.On the losing side, Philip Morris shares were down 1.9% after the company issued lower-than-expected guidance for Q3. SK hynix (SKHY) stock was down 7.1% after a Korea JoongAng Daily report on Tuesday that the company is considering acquiring Intel's (INTC) semiconductor campus in New Albany, Ohio, which the South Korean chipmaker denied in a Korea Exchange filing. GE Vernova (GEV) shares fell 5.1% after the company posted a Q2 earnings miss.

Dow JonesNasdaq CompositeS&P 500$CVX$GEV$GOOG$GOOGL$INTC$PM$SKHY$SMCI$T$XOM
Stocks Fall Pre-Bell Ahead of Alphabet, Tesla Earnings
US Markets

Stocks Fall Pre-Bell Ahead of Alphabet, Tesla Earnings

The main US stock measures were pointing lower in Wednesday's premarket activity as investors await the latest financial results of technology giants Alphabet (GOOG, GOOGL) and Tesla (TSLA) and monitor the ongoing Middle East conflict.The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.7% before the opening bell. The indexes ended Tuesday trading higher following a three-day slump.Google parent Alphabet and electric vehicle manufacturer Tesla are scheduled to report their quarterly earnings after the markets close, along with Texas Instruments (TXN), IBM (IBM), ServiceNow (NOW) and CSX (CSX).Philip Morris International (PM), GE Vernova (GE), AT&T (T), Northern Trust (NTRS) and RPM International (RPM) are expected to post their results before the bell, among others.West Texas Intermediate crude oil gained 4.2% to $87.91 a barrel in premarket action, while Brent increased 4.1% to $94.76.The US Central Command said Tuesday its forces completed another round of strikes against Iran as part of attempts to degrade its ability to threaten commercial ships in the Strait of Hormuz.At the ASEAN foreign ministers' meeting in the Philippines on Wednesday, US Secretary of State Marco Rubio accused Iran of not being serious about peace talks with the US, CNBC reported.Rubio reportedly said a key sticking point in talks with Iran was Tehran's demand for the right to control traffic through the Strait of Hormuz, arguing that allowing any country to control an international waterway would set a dangerous precedent.Treasury yields were mixed before the open, with the two-year rate down 0.1 basis points to 4.26% while the 10-year rate inclined 0.2 basis points to 4.63%.In a social media post on Tuesday, President Donald Trump said the import of all generic drugs into the US will be subject to zero tariffs for a two-year period, effective Aug. 1. Tariffs on the drugs would then rise to 100% for one year before increasing to 200% thereafter, according to Trump."This is done in order to reshore generic pharmaceutical production into America, with a penalty to those companies that decide not to build plant and equipment within the stated period of time given to them," Trump said.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.Shares of Super Micro Computer (SMCI) jumped 17% before the bell after the company said it received more than $60 billion in new orders during its fiscal fourth quarter and raised its gross margin outlook. Dell Technologies gained 4.6% after closing the previous session up 6%.Alaska Air (ALK) decreased 1.3% as the airline issued a downbeat third-quarter earnings outlook and swung to a second-quarter loss. Rocket Lab (RKLB) advanced 4.5%.Gold traded up 1.2% at $4,124 per troy ounce, while bitcoin was down 0.7% at $65,922.

Dow JonesNasdaq CompositeS&P 500$ALK$CSX$DELL$GE$GOOG$GOOGL$IBM$NOW$NTRS$PM$RKLB$RPM$SMCI$T$TSLA$TXN
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
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
Stocks Rise Pre-Bell as Markets Head for Strong Second-Quarter Finish
US Markets

Stocks Rise Pre-Bell as Markets Head for Strong Second-Quarter Finish

The benchmark US stock measures rose before the bell Tuesday as markets head toward a strong finish to the second quarter.The S&P 500 and the Nasdaq edged up 0.1% each in premarket activity, while the Dow Jones Industrial Average added 0.2%. The indexes finished the previous trading session in the green, with the Dow hitting a fresh all-time high.The S&P 500 and the Nasdaq Composite were headed for their best quarter in six years, while the Dow was on track for its best quarterly gain since 2022, Reuters reported.US markets will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.Markets were buoyed after the US Supreme Court on Monday rejected President Donald Trump's request to overturn a lower court's ruling that prevented him from firing Federal Reserve Governor Lisa Cook.In August 2025, Trump attempted to fire Cook over mortgage fraud allegations. Cook challenged the decision in a federal court, which issued a temporary restraining order that blocked the attempted removal.Iran reportedly said Monday that no talks were scheduled with the US in the coming days, despite Trump saying Washington will meet with Tehran in Qatar on Tuesday. Both sides recently engaged in attacks in and around the Strait of Hormuz, but agreed to pause hostilities to continue talks on a peace deal reached earlier in the month.West Texas Intermediate crude oil rose 0.3% to $70.97 a barrel before the opening bell, while Brent ticked up 0.1% to $73.22.Tuesday's economic calendar has the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for April, at 9 am ET. The Chicago purchasing managers' index for June posts at 9:45 am, followed by the consumer confidence report for the same month at 10 am.The Job Openings and Labor Turnover Survey for May is also out at 10 am. Cleveland Fed President Beth Hammack is scheduled to speak at 10:40 am.Treasury yields were down in premarket action, with the two-year rate retreating 0.5 basis points to 4.1% and the 10-year rate off 0.7 basis point to 4.37%.Shares of AeroVironment (AVAV) jumped 24% pre-bell as the drone maker reported stronger-than-expected fiscal fourth-quarter results and issued an upbeat full-year revenue outlook at the midpoint. Super Micro Computer (SMCI) rebounded 1.9% following an 8.1% drop at the close of Monday.Rocket Lab (RKLB) rose 3.3% after closing the previous session up 16%. The company recently agreed to acquire satellite communications provider Iridium Communications (IRDM) in a cash-and-stock deal worth about $8 billion to create a vertically-integrated space company.Sportswear giant Nike (NKE) and beer and wine company Constellation Brands (STZ) are expected to release their latest quarterly results after the markets close.Gold inched higher at $4,040 per troy ounce, while bitcoin fell 1.7% to $59,275.

Dow JonesNasdaq CompositeS&P 500$AVAV$IRDM$NKE$RKLB$SMCI$STZ
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
Update: Equities Mixed, Oil Drops as US-Iran Talks Move Forward
US Markets

Update: Equities Mixed, Oil Drops as US-Iran Talks Move Forward

(Updates with market moves at the end of the day.)US benchmark equity indexes closed mixed Monday, and oil prices fell as markets evaluated the impact of the latest talks between Washington and Iran.The Nasdaq Composite dropped 1.3% to 26,166.6, and the S&P 500 fell 0.4% to 7,472.8. The Dow Jones Industrial Average rose 0.3% to 51,712.7.Among sectors, communication services posted the biggest drop, while real estate paced the gainers.Brent crude oil fell 2.9% to $78.20 a barrel in late-afternoon trade, while West Texas Intermediate dropped 2.2% to $74.20.Iran has agreed to admit International Atomic Energy Agency inspectors into the country, news outlets reported, citing US Vice President JD Vance."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 reportedly said."Everybody is fully aware that Iran will agree to have major weapons inspections in order to ensure 'nuclear honesty' long into the future," US President Donald Trump said in a social media post.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."Recent developments show that moving towards a more permanent deal will be challenging, with very real risks of a flare-up in hostilities during the 60-day ceasefire," ING Bank said in a report. "For energy markets, the key factor is still whether oil and LNG flows from the Persian Gulf continue to recover, despite all the rhetoric."US Treasury yields rose in late-afternoon trading, with the two-year rate last seen up 5.1 basis points at 4.23% and the 10-year rate gaining 5.8 basis points to 4.51%.In company news, Super Micro Computer (SMCI) shares jumped 16%, the top performer on the S&P 500. The AI-server maker is launching a high-performance computing data center offering based on Nvidia's (NVDA) Vera Rubin NVL4 platform.Space Exploration Technologies (SPCX) fell 16%. The company agreed to grant Reflection AI access to its computing infrastructure for up to $6.3 billion, CNBC reported.Separately, SpaceX launched its first offering of senior unsecured notes to repay outstanding bridge loan debt and cover general corporate expenses.Micron Technology (MU) shares rose 6.8%. The company signed an agreement with Anthropic that includes memory and storage supply, while the semiconductor manufacturer announced an investment in the AI chatbot Claude maker.Gold fell 0.9% to $4,206.80 per troy ounce, while silver dropped 1.4% to $65.89 per ounce.

Dow JonesNasdaq CompositeS&P 500$MU$SMCI$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

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