131 stories mentioning SNDKUpdated 4d ago
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Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
Bernard Shek, Chief Legal Officer & Secretary, on September 03, 2026, sold 2,308 shares in Sandisk (SNDK) for $4,078,998. Following the Form 4 filing with the SEC, Shek has control over a total of 25,305 common shares of the company, with 25,305 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/2023554/000124264826000027/xslF345X05/edgardoc.xml
The benchmark US stock measures were mostly pointing lower before the opening bell Tuesday amid escalating hostilities in the Middle East, while investors await key inflation data later in the week.The S&P 500 fell 0.2%, and the Dow Jones Industrial Average decreased 0.7% in premarket activity, while the Nasdaq edged up 0.1%. The indexes finished Friday's trading session in the red. US markets were closed on Monday for the Labor Day holiday.West Texas Intermediate crude oil rose 2.6% to $93.84 a barrel, while Brent gained 1.6% to $98.50.Saudi Arabia's energy ministry reportedly said operations at certain energy facilities were halted following strikes by the Iran-backed Houthi militants from Yemen that hurt more than 70 people, CNBC reported. A military spokesman for the Houthis said the group attacked Saudi Aramco facilities, according to the report.The US Central Command said Saturday that its forces struck three Iranian crude oil carriers after Iran's Islamic Revolutionary Guard Corps launched ballistic missiles toward two US Navy warships.Iran said its deal with Oman to manage shipping through the Strait of Hormuz is in its final stages and will include a temporary safe route through the crucial waterway, Bloomberg News reported Tuesday.Traders await the consumer price index for August on Friday, while data on wholesale prices for the same month is scheduled to be released on Thursday.Treasury yields were mixed, with the two-year rate retreating 0.6 basis points to 4.37%, while the 10-year rate rose 1.2 basis points to nearly 4.8%.Last week, government data showed that the US economy added 162,000 jobs in August, well above the 55,000 increase expected by Wall Street. The report came as the Federal Reserve weighs labor-market conditions and inflation expectations ahead of its policy meeting next week.Markets are pricing in a 61% probability that the Federal Open Market Committee will raise its benchmark lending rate by 25 basis points at its meeting this month, with the remaining odds pointing to no change, according to the CME FedWatch tool.Shares of Micron Technology (MU) advanced 1.6% pre-bell, while Intel (INTC) climbed 4.3%. Nvidia (NVDA) nudged 0.4% higher, while SanDisk (SNDK) was up 1.9%.ABM Industries (ABM) and United Natural Foods (UNFI) are expected to release their latest financial results before the bell, while Casey's General Stores (CASY) posts its earnings after the markets close.Gold was down 0.6% at $4,447 per troy ounce, while bitcoin declined 0.7% to $78,749.
(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell Friday to cap a mixed week on Wall Street as strong jobs data raised the odds of an interest rate hike later this month.The Dow Jones Industrial Average declined 0.5% to close at 53,414.25, while the S&P 500 dipped 0.4% to 7,718.60. The Nasdaq Composite dropped 0.3% to 26,506.99. Most sectors ended in the red, led by consumer discretionary, while industrials paced the gainers.US markets will be closed on Monday for the Labor Day holiday.This week, the Dow lost 0.3%, while the Nasdaq and the S&P 500 gained 0.4% and 0.1%, respectively.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, nearly triple the 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall.The jobs report comes as the Federal Reserve weighs labor market conditions and inflation expectations ahead of its policy meeting later this month. Fed Chair Kevin Warsh said late last month that the US economy was "doing well" on employment, describing inflation numbers as more concerning.Markets are pricing in a 58% probability that the Federal Open Market Committee will raise its benchmark lending rate on Sept. 16, up from 49% on Thursday, according to the CME FedWatch tool."The labor market strength and resilience evident in the August employment report with upward job revisions over the past two months nearly wipe away the narrative of labor market deterioration over the summer," BMO Chief US Economist Scott Anderson said in a note."The report adds important weight to the hawks' argument that inflation may not moderate back toward the Fed's 2% target in a timely manner without at least a nudge up in interest rates to help cool aggregate demand."Fed Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.Diesel prices in the US reached an all-time high on Friday amid crude supply disruptions, likely adding to concerns around sticky inflation.Treasury yields were higher, with the two-year rate rising 4.3 basis points to 4.38% and the 10-year rate up 2.2 basis points at 4.78%.West Texas Intermediate crude oil was up 0.1% at $91.37 a barrel in Friday late-afternoon trade, while Brent rose 0.5% to $96. The benchmarks were on track for weekly gains of 9.3% and 8.8%, respectively.In company news, Lululemon (LULU) shares tanked 17%, the worst performer on the S&P 500, as the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand.UiPath (PATH) slid nearly 17% after the software company released its latest quarterly results late Thursday.Zscaler (ZS) fell 4.5% even as the cloud security company reported fiscal fourth-quarter results above Wall Street's consensus and outlined a strong full-year outlook. The company's guidance is conservative and reflects factors including an expected loss of Red Canary's customers and the competitive artificial intelligence security environment, Oppenheimer said in a note.Adobe (ADBE) slumped 6.7%, among the steepest declines on the S&P 500, after the company named insider Anil Chakravarthy as its next chief executive, succeeding Shantanu Narayen, who will become executive chair. Chakravarthy's appointment could lead to strategic messaging around the company's experience cloud business, RBC Capital Markets said in a note.Bucking the market's downward trend, tech-related stocks rose, with SanDisk (SNDK) up nearly 12%, the biggest gain on the S&P 500. Marvell Technology (MRVL), Micron Technology (MU) and Western Digital (WDC) also advanced.Spot gold was 0.9% lower at $4,431.29 per troy ounce, while silver lost 1.3% to $66.82 per ounce.
(Updates with latest market prices and developments.)US benchmark equity indexes fell intraday as a stronger-than-expected August jobs report boosted the odds of the Federal Reserve raising interest rates as early as this month.The Dow Jones Industrial Average was down 0.5% at 53,412.4 after midday Friday. The S&P 500 and the Nasdaq Composite lost 0.3% each to 7,721.2 and 26,506.9, respectively.Most sectors were in the red intraday Friday, led by consumer discretionary, while industrials paced the gainers.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, nearly triple the 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall.The jobs report comes as the Federal Reserve weighs labor-market conditions and inflation expectations ahead of its policy meeting later this month. Fed Chair Kevin Warsh said late last month that the US economy was "doing well" on employment, describing inflation numbers as more concerning.Markets are pricing in a 58% probability that the Federal Open Market Committee will raise its benchmark lending rate on Sept. 16, up from 49% on Thursday, according to the CME FedWatch tool."The labor market strength and resilience evident in the August employment report with upward job revisions over the past two months nearly wipe away the narrative of labor market deterioration over the summer," BMO Chief US Economist Scott Anderson said in a note."The report adds important weight to the hawks' argument that inflation may not moderate back toward the Fed's 2.0% target in a timely manner without at least a nudge up in interest rates to help cool aggregate demand."Fed Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.Treasury yields were higher intraday, with the two-year rate rising 3.6 basis points to 4.37% and the 10-year rate up 0.6 basis point at 4.77%.West Texas Intermediate crude oil was little changed at $91.29 a barrel, while Brent rose 0.6% to $96.06. The benchmarks were on track for weekly gains.In company news, Lululemon (LULU) shares tanked 17% intraday, the worst performer on the S&P 500, as the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand.UiPath (PATH) slid 17% after the software company released its latest quarterly results late Thursday.Zscaler (ZS) fell 4.9% even as the cloud security company reported fiscal fourth-quarter results above Wall Street's consensus and outlined a strong full-year outlook. The company's guidance is conservative and reflects factors including an expected loss of Red Canary's customers and the competitive artificial intelligence security environment, Oppenheimer said in a note.Bucking the market's downward trend, tech-related stocks were higher intraday, with SanDisk (SNDK) up 11%, the biggest gain on the S&P 500. Super Micro Computer (SMCI), Marvell Technology (MRVL) and Western Digital (WDC) also advanced.Spot gold was 0.8% lower at $4,435.64 per troy ounce, while silver lost 1.3% to $66.81 per ounce.
The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Tuesday's opening bell.Sandisk (SNDK) fell by 3% pre-bell, following a 5.5% rise at Monday's close.Micron Technology (MU) declined by 1.8% hours before market open, after a 2.8% increase from the previous session.Tesla (TSLA) was 1.1% lower premarket, swinging from a 5.5% increase at Monday's close.Nvidia (NVDA) declined by 1.2% in pre-bell activity, after a 1.5% rise from Monday's session.Meta Platforms (META) was 0.9% lower premarket, after closing Monday with a 1% decline.Amazon.com (AMZN) was down 0.8% in premarket hours, following a 2.5% fall from the previous session.Alphabet (GOOG) fell by 0.5% pre-bell, after closing Monday with a 2.2% decline.DTE Energy (DTE) declined by 0.3% in premarket activity, after a 0.2% decline at Monday's close.
The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly advancing hours before Tuesday's opening bell.Nebius Group (NBIS) was up 5.2% in premarket activity, following a 3.8% decline from Monday's session.Sandisk (SNDK) rose by 4.1% pre-bell, swinging from a 6.5% fall at Monday's close.Micron Technology (MU) advanced by 2.8% premarket, after a 5.8% decline from the previous session.Moderna (MRNA) was up 1.9% in pre-bell activity, after closing Monday with a 4.3% fall.Nvidia (NVDA) was 1.3% higher hours before market open, swinging from a 2.9% fall at Monday's close.Meta Platforms (META) rose by 1.1% pre-bell, following a 1.7% rise from the previous session.DTE Energy (DTE) was up 0.2% in premarket activity, after a 0.3% increase from Monday's session.Bucking the trend, Strategy (MSTR) was down 0.7% in pre-bell hours, following a 2.8% increase from the previous session.
(Updates with index/price moves, macroeconomic data, analyst comments, and company/geopolitical news from the first paragraph.)US equity indexes closed mixed as mega-cap semiconductor names pushed technology to the bottom of sector charts and crude oil extended declines after Treasury Secretary Scott Bessent unveiled a plan to sever Iran's economic lifelines.The Nasdaq Composite fell 0.8% to 25,980.19, and the S&P 500 declined 0.3% to 7,652.86 on Monday. The Dow Jones Industrial Average bucked the intraday trend, rising 0.3% to 53,417.16. All sectors except three rose, with consumer staples and financials emerging as top gainers.Among companies with market capitalizations exceeding $200 billion each, nine of the bottom 10 names by intraday returns were in the technology sector, according to data compiled by Finviz. Of those nine firms, seven were related to the semiconductor industry. Sandisk (SNDK) led the pack of tech decliners, down 6.5%.Treasury Secretary Bessent unveiled "unprecedented" secondary sanctions to sever Tehran from the global economy.The US plans to impose sanctions on countries that do business with Iran, including China, Russia, India, Pakistan, Qatar and Turkey, Axios reported. "No one is above the reach of US sanctions," CNBC reported, citing Bessent on Monday in response to a question on whether the Trump administration would target Chinese banks."... we are launching an economic onslaught against Iran's financial connections around the globe. Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," Bessent said. The campaign targets five sectors that Treasury identified as vital to Iran's economy: digital assets, technology, gold, aviation and shipping, he said.Ahead of the US announcement, Iran warned vessels violating its rules for transiting the Strait of Hormuz could face restrictions, including fines, detention or confiscation, according to Al Jazeera, a Middle Eastern broadcaster. Tehran has condemned US plans to announce new sanctions and vowed to retaliate against any country that supports Washington, as President Masoud Pezeshkian has called for a diplomatic solution.The front-month US West Texas Intermediate crude oil contract retreated 2.4% to $84.95 per barrel, and global benchmark North Sea Brent slumped 2.6% to $91.93 per barrel.Following the collapse of the US-Canada trade talks late on Friday, the US has imposed tariffs of 50% on $20 billion of goods imports from Canada, according to a note from Macquarie. The tariffs amount to about 0.03% of US gross domestic product and 0.4% of Canada's GDP, the note added.Nvidia (NVDA) customers are facing price increases of over 15% on servers equipped with its artificial intelligence chips due to rising memory costs, Bloomberg reported Saturday. Separately, Nvidia is discussing an investment in Perplexity as part of a funding round that would value the AI startup at more than $30 billion, The Information reported Sunday. Nvidia declined 2.9%, the Dow's worst performer.Expedia (EXPE) delivered its fifth consecutive beat and raise in Q2, with full-year guidance raised on all three lines, as the business-to-consumer segment continues to see solid top-line improvement and stronger margin expansion, Wedbush Securities said Thursday. Shares of Expedia jumped 5.4%, the top gainer on the S&P 500.Gold futures rose 0.5% to $4,704.3, while silver futures slid 1% to $68.86.
(Updates with market moves at the end of the day, and other changes, if any.)The Nasdaq Composite and the S&P 500 fell Monday as the US unveiled a global sanctions plan targeting countries that have an economic relationship with Iran.The Nasdaq shed 0.8% to close at 25,980.19, while the S&P 500 declined 0.3% to 7,652.86. The Dow Jones Industrial Average rose 0.3% to 53,417.16. Technology led the laggards, while most sectors were in the green, led by consumer staples.The Treasury Department on Monday launched a campaign to close all financial resources that support Iran."We are launching an economic onslaught against Iran's financial connections around the globe," Treasury Secretary Scott Bessent said in a statement. "Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone."Countries doing business with Iran will be given deadlines to shut down Iran-related activities, according to the statement. Entities aiding money laundering or sanctions evasion on behalf of Iran could be cut off from the US financial system.China, Russia, India, Pakistan, Qatar and Turkey, among others, still trade with Tehran, Axios reported."No one is above the reach of US sanctions," Bessent said Monday in response to a question at a press conference on whether the Trump administration would target Chinese banks, CNBC reported.West Texas Intermediate crude oil was down 2.3% at $85.07 a barrel in Monday late-afternoon trade, while Brent dropped 2.5% to $92.06.Iran's state-controlled Persian Gulf Strait Authority warned on X that vessels breaching its protocols in the Strait of Hormuz could face restrictions on future passages.US Treasury yields were mixed, with the 10-year yield down 3.2 basis points at 4.71%, while the two-year yield was little changed at 4.24%.Federal Reserve Chair Kevin Warsh's debut Jackson Hole speech on Friday is unlikely to help clear up investor confusion over the Treasury Department's bond market intervention, Morgan Stanley said in a note sent Monday. The firm's economists view the expansion in bond buybacks announced last week as evidence that the Treasury had become uncomfortable with a rise in long-term interest rates.Markets are currently pricing in a 58% probability that the Fed will keep its benchmark rate steady in September, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool.In company news, Nvidia (NVDA) shares fell 2.9%, the worst performer on the Dow. The technology bellwether is scheduled to release its latest quarterly earnings on Wednesday.Some Nvidia customers are facing price increases of over 15% on servers equipped with its artificial intelligence chips due to rising memory costs, Bloomberg News reported Saturday, citing people familiar with the matter.Chip-related stocks were among the notable laggards on the S&P 500, with SanDisk (SNDK) down 6.5%, the second-steepest decline on the index. Micron Technology (MU), Super Micro Computer (SMCI) and Western Digital (WDC) shed more than 5% each.Marvell Technology (MRVL), CrowdStrike (CRWD), Salesforce (CRM) and Intuit (INTU) are also slated to post their results this week.Spot gold rose 1.1% to $4,654.89 per troy ounce, while silver lost 1% to $69.65 per ounce.
US equity indexes were mixed Monday as crude oil prices dropped ahead of US economic sanctions on Iran and as President Donald Trump threatened tariffs on Canada.* The US is set to warn countries to cut ties with Iran or risk their businesses being cut off from the dollar-based financial system when it unveils the "greatest financial offensive ever" on Monday, a source told Reuters.* President Donald Trump said US tariffs on Canadian cars, trucks, auto parts and steel will rise to 50% next year, escalating trade tensions between the two countries after bilateral trade talks collapsed on Friday.* The Chicago Federal Reserve Bank's monthly National Activity Index fell to minus 0.08 in July from 0.06 in June, compared with expectations for a smaller decrease to minus 0.05 in a Bloomberg survey.* October West Texas Intermediate crude oil fell $2.04 to settle at $85.04 per barrel, while October Brent crude, the global benchmark, was last seen down $2.35 at $92.04.* Expedia (EXPE) delivered its fifth consecutive beat and raise in Q2, with full-year guidance raised on all three lines, as the business-to-consumer segment continues to see solid top-line improvement and stronger margin expansion, Wedbush Securities said Thursday. Expedia's stock was up about 5.4%, the top gainer on the S&P 500.* Among companies with market capitalizations exceeding $200 billion, seven of the bottom 10 names were from the semiconductor sector, according to data compiled by Finviz. SanDisk (SNDK) was down nearly 6.5%, the worst performer on the S&P 500 and Nasdaq. Micron Technology (MU) and Western Digital (WDC) were down roughly 5% each.
(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed as mega-cap semiconductor names pushed technology to the bottom of sector charts and crude oil declined after Treasury Secretary Scott Bessent unveiled a plan to sever Iran's economic lifelines.The Nasdaq Composite fell 0.7% to 25,999.1, and the S&P 500 declined 0.3% to 7,653.3 ahead of Monday's close. The Dow Jones Industrial Average bucked the intraday trend, rising 0.3% to 53,434.5.Among companies with market capitalizations exceeding $200 billion each, nine of the bottom 10 names by intraday returns were in the technology sector, according to data compiled by Finviz. Of those nine firms, seven were related to the semiconductor industry. Sandisk (SNDK) led the pack of tech decliners, down 7%.Bessent unveiled what he described as an "unprecedented" Washington campaign to sever Tehran from the global economy, warning that any state doing business with the country risks facing US sanctions."... we are launching an economic onslaught against Iran's financial connections around the globe. Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," Secretary Bessent said Monday.Bessent said the campaign targets five sectors that Treasury identified as vital to Iran's economy: digital assets, technology, gold, aviation and shipping. Iran has condemned US plans to announce new sanctions and vowed to retaliate against any country that supports Washington, as President Masoud Pezeshkian has called for a diplomatic solution.The front-month US West Texas Intermediate crude oil contract retreated 2.1% to $85.25 per barrel, and global benchmark North Sea Brent slumped 2.2% to $92.30 per barrel.Nvidia (NVDA) customers are facing price increases of over 15% on servers equipped with its artificial intelligence chips due to rising memory costs, Bloomberg reported Saturday. Separately, Nvidia is discussing an investment in Perplexity as part of a funding round that would value the AI startup at more than $30 billion, The Information reported Sunday. Nvidia declined 3%, the Dow's worst performer.
(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday as Treasury Secretary Scott Bessent announced a global sanctions plan targeting countries doing business with Iran.The Nasdaq Composite was down 0.6% at 26,036.8 after midday Monday, while the Dow Jones Industrial Average edged up 0.1% to 53,342.9. The S&P 500 declined 0.3% to 7,653.6. Among sectors, technology led the laggards, while consumer staples and communication services saw the biggest gains.The US will reportedly impose sanctions on countries that do business with Iran. China, Russia, India, Pakistan, Qatar and Turkey, among others, still trade with Tehran, Axios reported."No one is above the reach of US sanctions," Bessent said Monday in response to a question on whether the Trump administration would target Chinese banks, CNBC reported.Last week, President Donald Trump threatened to launch "economic warfare" against Iran and impose financial consequences for countries that seek to provide any form of support to Tehran.The US will raise tariffs on Canadian cars, trucks and steel to 50%, effective Jan. 1, 2027, Trump said Monday on Truth Social.West Texas Intermediate crude oil fell 2.3% to $85.02 a barrel, while Brent dropped 2.2% to $92.33.Iran's state-controlled Persian Gulf Strait Authority warned on X that vessels breaching its protocols in the Strait of Hormuz could face restrictions on future passages.US Treasury yields were mixed intraday, with the 10-year yield down 4.8 basis points at 4.69%, while the two-year yield was unchanged at 4.23%.Federal Reserve Chair Kevin Warsh's debut Jackson Hole speech on Friday is unlikely to help clear up investor confusion over the Treasury Department's bond market intervention, Morgan Stanley said in a note sent Monday. The firm's economists view the expansion in bond buybacks announced last week as evidence that the Treasury had become uncomfortable with a rise in long-term interest rates.Markets are currently pricing in a 58% probability that the Fed will keep its benchmark rate steady in September, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool.In company news, Nvidia (NVDA) shares fell 2.4% intraday, the second-worst performer on the Dow. The technology bellwether is scheduled to release its latest quarterly earnings on Wednesday.Some Nvidia customers are facing price increases of over 15% on servers equipped with its artificial intelligence chips due to rising memory costs, Bloomberg News reported Saturday, citing people familiar with the matter.Chip-related stocks were among the notable laggards on the S&P 500 intraday, with SanDisk (SNDK) down 7%, the steepest decline on the index. Micron Technology (MU) and Western Digital (WDC) shed more than 5% each.Marvell Technology (MRVL), CrowdStrike (CRWD), Salesforce (CRM) and Intuit (INTU) are also slated to post their results this week.Spot gold rose 1% to $4,648.43 per troy ounce, while silver lost 1% to $69.63 per ounce.
(Updates with index/price moves, macroeconomic data, tariffs and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as mega-cap semiconductor names pushed technology to the bottom of sector charts and crude oil declined ahead of Iran economic sanctions.The Nasdaq Composite fell 0.4% to 26,064.7, and the S&P 500 declined 0.2% to 7,659.2 after midday Monday. The Dow Jones Industrial Average bucked the intraday trend, rising 0.2% to 53,392.1.Among companies with market capitalizations exceeding $200 billion each, eight of the bottom 10 names by intraday returns were in the technology sector, according to data compiled by Finviz. Of those eight firms, seven were related to the semiconductor industry. Sandisk (SNDK) led the pack of tech decliners, down 6.5%.US Treasury yields traded mixed, with the 30-year down 5.6 basis points to 5.22%, the 10-year lower by 4.2 basis points to 4.7% and the two-year little changed at 4.24%. The US Treasury Department may tap its General Account to help fund its buyback operation, CNBC reported.The US is set to warn countries to cut ties with Iran or risk their businesses being cut off from the dollar-based financial system when it unveils the "greatest financial offensive ever" on Monday, a source told Reuters.Treasury Secretary Scott Bessent will outline measures to broaden the scope of potential secondary sanctions on entities and countries that maintain economic ties with Iran, the source, who was familiar with the plans but not authorized to speak publicly, told the news agency.There appear to be growing differences within Iran's leadership on how to handle the conflict with the US, CNN reported. While President Masoud Pezeshkian said Iran "cannot continue with war forever," others have continued to reject dialogue, the news report said.The front-month US West Texas Intermediate crude oil contract retreated 1.9% to $85.38 per barrel, and global benchmark North Sea Brent slumped 1.8% to $92.71 per barrel.Nvidia (NVDA) customers are facing price increases of over 15% on servers equipped with its artificial intelligence chips due to rising memory costs, Bloomberg reported Saturday. Separately, Nvidia is discussing an investment in Perplexity as part of a funding round that would value the AI startup at more than $30 billion, The Information reported Sunday. Nvidia declined 2.1%, among the Dow's worst performers.Expedia (EXPE) delivered its fifth consecutive beat and raise in Q2, with full-year guidance raised on all three lines, as the business-to-consumer segment continues to see solid top-line improvement and stronger margin expansion, Wedbush Securities said Thursday. Shares of Expedia jumped 4.1%, the top gainer on the S&P 500.Strategy (MSTR) established USD Cash, a separate US dollar liquidity pool within its Digital Credit Capital Framework for future bitcoin treasury purposes, the bitcoin treasury firm said in a Monday regulatory filing. Shares of the company jumped 5.3%, the biggest outperformer on the Nasdaq.In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index fell to minus 0.08 in July from 0.06 in June, compared with expectations for a smaller decrease to minus 0.05 in a Bloomberg survey.President Donald Trump said US tariffs on Canadian cars, trucks, auto parts and steel will rise to 50% next year, escalating trade tensions between the two countries after bilateral trade talks collapsed on Friday.Gold futures rose 0.9% to $4,724.1, while silver futures slid 0.8% to $68.94.
The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Wednesday's opening bell.DTE Energy (DTE) was 0.5% higher premarket, swinging from a 0.7% fall at Tuesday's close.Nike (NKE) advanced by 0.4% in pre-bell hours, following a 2.5% increase at Tuesday's close.Nvidia (NVDA) was 0.3% higher pre-bell, after a 2.3% decline from Tuesday's session.Meta Platforms (META) was up 0.3% in premarket activity, swinging from a 4.5% decline at Tuesday's close.Nebius Group (NBIS) fell by 2.4% premarket, following a 7.6% fall from the previous session.Sandisk (SNDK) was 0.9% lower pre-bell, after a 9% decline at Tuesday's close.Micron Technology (MU) was down 0.9% hours before market open, following a 7% fall from the previous session.Reddit (RDDT) declined by 0.5% premarket, after closing Tuesday with a 3.8% fall.
(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes declined, with chipmakers helping drive technology to the bottom of sector charts, after the 30-year government bond yield touched levels last seen around the 2007 global financial crisis and crude oil prices continued to march higher.The Nasdaq Composite dropped 1.3% to 26,289.71, and the S&P 500 declined 0.7% to 7,691.76 on Tuesday. The Dow Jones Industrial Average slipped 0.2% to 53,343.40. Technology and industrials led decliners. Energy, healthcare and consumer staples topped the gainers.Among companies with market capitalizations exceeding $200 billion each, nine of the top 10 decliners were from the technology sector, according to data compiled by Finviz. Of those nine firms, seven were related to the semiconductor industry. The leader of the pack was Sandisk (SNDK), down 9.2%.US Treasury yields retreated after midday. The 30-year yield fell 2.6 basis points to 5.28% after touching 5.34% intraday, the highest since 2007.The increase in the 30-year yield to a 19-year high comes amid concerns that an imminent escalation in the Middle East sent Brent crude prices above $90 a barrel and will fan fears of inflation, according to a D.A. Davidson research note Tuesday.The household saving rate has plummeted to 2.7% from 6.4% in early 2024, and the housing wealth effect is negative for the middle bulge given falling real house prices, Derek Holt, head of capital market economics at Scotiabank, said in a note Tuesday."When you've got no growth in inflation-adjusted disposable income in the US, and you hit them with higher energy costs, the case for absorption is higher than the case for pass through," Holt said in the note.The front-month US West Texas Intermediate crude oil contract rose 0.8% to $85.18 per barrel, and global benchmark North Sea Brent edged up 0.3% to $91.15 per barrel a day after the deadline to reach a permanent peace deal with Iran expired."There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran," President Trump posted on his social media platform. The Strait of Hormuz will remain closed until the US meets the conditions of an interim deal signed with Iran in June, Reuters reported Tuesday, citing Iran's negotiator Mohammad Baqer Qalibaf in state media.On the same day, Trump posted an image that showed the Strait of Hormuz as "New U.S. Territory." More than 80% of vessel transits through the Strait of Hormuz over the past two weeks have taken the Omani route - a UN-authorized shipping channel that Iran vehemently opposes - according to Kpler, which tracks ships using transponders and satellite data, CNN reported.Gold futures dropped 1.8% to $4,392.70, and silver futures slumped 4% to $63.57.In economic news, US housing starts plunged 12% sequentially to a seasonally adjusted rate of 1.24 million units last month, the Census Bureau and the Department of Housing and Urban Development said. The consensus was for 1.35 million in a Bloomberg-compiled survey.In company news, ExxonMobil (XOM) remains committed to growing Permian volumes, with a new 20-year integrated midstream agreement with Targa Resources (TRGP) supporting its long-term growth targets, UBS Securities said in a note Monday. Shares of Targa jumped 7.1%, the top gainer on the S&P 500.
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes fell after President Donald Trump warned of attacks against Oman on the day a deadline to reach a permanent peace deal with Iran expired, and as the 30-year US government bond yield jumped to the highest in more than 19 years.The Nasdaq Composite slipped 0.3% to 26,644.91, the S&P 500 declined 0.5% to 7,745.06, and the Dow Jones Industrial Average slid 0.5% to 53,459.78 on Monday. All sectors except energy retreated, led by declines in communication services, consumer staples, financials and consumer discretionary. Technology was one of the outperformers.Monday marks 60 days since the US and Iran signed a memorandum of understanding that called for a wider peace deal to be negotiated within that timeframe, CBS NEWS reported. On the same day, Trump threatened to bomb Oman if the country "gets in the way" of US efforts to reopen the Strait of Hormuz and end the war with Iran, CBS cited Fox News.Earlier, Iran's Foreign Ministry spokesman said Tehran had reached an agreement with Oman regarding future shipping routes in the strait, according to the CBS report. That being said, Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to secure a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday.Brigadier General Yadollah Javani, head of the political bureau of the Islamic Revolutionary Guard Corps, told state television on Sunday night that his forces were ready to take whatever action is needed to defend the country, according to a report from Al Jazeera, a Middle Eastern broadcaster.Crude oil futures jumped, with the front-month US West Texas Intermediate contract up 3% to $84.90 per barrel and global benchmark North Sea Brent rising 2.8% to $91.02 per barrel.Most US Treasury yields rose, with the 30-year surging 4.3 basis points to 5.31%, the highest since 2002. The 10-year yield climbed 2.8 basis points to 4.72%, and the two-year climbed 1.3 basis points to 4.18%.Gold futures advanced 0.8% to $4,472.1, and silver futures jumped 1.2% to $65.92.While equity indices are trading close to all-time highs, there is evidence that "challenging" August crosswinds are playing out in bond markets, according to a note from Deutsche Bank. "Expectations for an imminent Fed rate hike have been pulled back, but this has been accompanied by a significant US curve steepening, with the backdrop of higher oil prices, elevated fiscal deficits, and demand for capital from the AI investment boom putting upward pressure on yields."In economic news, the National Association of Home Builders' monthly housing market index rose to 35 in August from 34 in July, compared with expectations for a decline to 33 in a Bloomberg-compiled poll. The index was above 32 a year earlier.The New York Federal Reserve's Empire State manufacturing index rose to 20.6 in August from 15.6 in July, compared with an expected decrease to 10.0 in a Bloomberg-compiled survey. The Empire State index is the first manufacturing sector reading for August and suggests expansion is picking up pace.In company news, Amazon-backed (AMZN) Anthropic informed potential investors that Q2 revenue increased at least 14-fold from a year earlier to over $11.5 billion, Bloomberg News reported Monday, citing documents.Among companies with market capitalizations exceeding $200 billion each, eight of the top 10 by Monday's returns were in the technology sector, according to data compiled by Finviz. Of those eight firms, five were related to the semiconductor industry. Sandisk (SNDK) led the pack, with an 8.9% gain.
US equity indexes ended lower Monday after crude oil prices rose following President Donald Trump's threat to attack Oman as the deadline to reach a permanent peace deal with Iran expired.* Iran's Foreign Ministry spokesman said Tehran had reached an agreement with Oman regarding future shipping routes in the strait, according to a CBS report. Trump threatened to bomb Oman if the country "gets in the way" of US efforts to reopen the Strait of Hormuz and end the war with Iran, CBS cited Fox News.* The National Association of Home Builders' monthly housing market index rose to 35 in August from 34 in July and 32 a year earlier, compared with expectations for a decline to 33 in a Bloomberg-compiled poll.* September West Texas Intermediate crude oil rose $2.04 to settle at $84.46 per barrel, while October Brent crude, the global benchmark, was last seen up $2.16 at $90.68.* Situational Awareness increased its stakes in Micron Technology (MU) and Sandisk (SNDK) in Q2, according to regulatory filings published Friday. Sandisk shares were about 8.8% higher, the top gainer on the S&P 500 and Nasdaq, while Micron Technology stock was up more than 4.1%.* Berkshire Hathaway (BRK.A, BRK.B) exited its position in Constellation Brands (STZ), while increasing its stake in Alphabet (GOOG, GOOGL), according to a filing on Friday. Constellation Brands' stock fell about 6.1%, among the worst performers on the S&P 500.
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes fell as crude oil prices jumped after President Donald Trump threatened to attack Oman while a deadline to reach a permanent peace deal with Iran expired.The Nasdaq Composite fell 0.2% to 26,666.1, the S&P 500 declined 0.4% to 7,752.2, and the Dow Jones Industrial Average slid 0.5% to 53,488.6. All sectors except energy retreated, led by declines in communication services, consumer staples and consumer discretionary.Monday marks 60 days since the US and Iran signed a memorandum of understanding that called for a wider peace deal to be negotiated within that timeframe, CBS NEWS reported. On the same day, Trump threatened to bomb Oman if the country "gets in the way" of US efforts to reopen the Strait of Hormuz and end the war with Iran, CBS cited Fox News.Earlier, Iran's Foreign Ministry spokesman said Tehran had reached an agreement with Oman regarding future shipping routes in the strait, according to the CBS report. That being said, Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to secure a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday.Brigadier General Yadollah Javani, head of the political bureau of the Islamic Revolutionary Guard Corps, told state television on Sunday night that his forces were ready to take whatever action is needed to defend the country, according to a report from Al Jazeera, a Middle Eastern broadcaster.The front-month US West Texas Intermediate crude oil contract jumped 2.3% to $84.31 per barrel, and global benchmark North Sea Brent advanced 2.4% to $90.66 per barrel.Meanwhile, Amazon-backed (AMZN) Anthropic informed potential investors that Q2 revenue increased at least 14-fold from a year earlier to over $11.5 billion, Bloomberg News reported Monday, citing documents.Among companies with market capitalizations exceeding $200 billion each, eight of the top 10 by intraday returns were in the technology sector, according to data compiled by Finviz. Of those eight firms, six were related to the semiconductor industry. Sandisk (SNDK) led the pack, with a 7.4% gain.
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed, as speculation about Anthropic's Q2 sales propped up technology and President Donald Trump warned Oman of attacks on the day a deadline to reach a permanent peace deal with Iran expired.The Nasdaq Composite was little changed at 26,718.2 after midday Monday. The S&P 500 slipped 0.2% to 7,770.7, and the Dow Jones Industrial Average declined 0.4% to 53,545.8.Amazon-backed (AMZN) Anthropic informed potential investors that Q2 revenue increased at least 14-fold from a year earlier to over $11.5 billion, Bloomberg News reported Monday, citing documents.Among companies with market capitalizations exceeding $200 billion each, seven of the top 10 by intraday returns were in the technology sector, according to data compiled by Finviz. Of those seven firms, five were related to the semiconductor industry. Sandisk (SNDK) led the pack, with a 9.1% gain.Monday marks 60 days since the US and Iran signed a memorandum of understanding that called for a wider peace deal to be negotiated within that timeframe, CBS NEWS reported. On the same day, Trump threatened to bomb Oman if the country "gets in the way" of US efforts to reopen the Strait of Hormuz and end the war with Iran, CBS cited Fox News.Earlier, Iran's Foreign Ministry spokesman said Tehran had reached an agreement with Oman regarding future shipping routes in the strait, according to the CBS report. That being said, Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to agree a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday.The front-month US West Texas Intermediate crude oil contract rose 0.1% to $82.51 per barrel, and global benchmark North Sea Brent edged up 0.4% to $88.86 per barrel.The National Association of Home Builders' monthly housing market index rose to 35 in August from 34 in July, compared with expectations for a decline to 33 in a Bloomberg-compiled poll. The index was above 32 a year earlier.The New York Federal Reserve's Empire State manufacturing index rose to 20.6 in August from 15.6 in July, compared with an expected decrease to 10.0 in a Bloomberg-compiled survey. The Empire State index is the first manufacturing sector reading for August and suggests expansion is picking up pace.US Treasury yields traded mixed, with the 10-year yield up a basis point to 4.71% while the two-year slipped one basis point to 4.17%.Gold futures advanced 1% to $4,481.2, and silver futures jumped 2.1% to $66.51.
(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed, as speculation about Anthropic's Q2 sales helped lift technology and President Donald Trump warned Oman of attacks on the day a deadline to reach a permanent peace deal with Iran expired.The Nasdaq Composite rose less than 0.1% to 26,747.1 after midday Monday. The S&P 500 slipped 0.1% to 7,774.9 and the Dow Jones Industrial Average declined 0.3% to 53,579.2.Amazon-backed (AMZN) Anthropic informed potential investors that Q2 revenue increased at least 14-fold from a year earlier to over $11.5 billion, Bloomberg News reported Monday, citing documents.Among companies with market capitalizations exceeding $200 billion each, seven of the top 10 by intraday returns were in the technology sector, according to data compiled by Finviz. Of those seven firms, five were related to the semiconductor industry. Sandisk (SNDK) led the pack, with a 9% gain.Monday marks 60 days since the US and Iran signed a memorandum of understanding that called for a wider peace deal to be negotiated within that timeframe, CBS NEWS reported. On the same day, Trump threatened to bomb Oman if the country "gets in the way" of US efforts to reopen the Strait of Hormuz and end the war with Iran, CBS cited Fox News.The front-month US West Texas Intermediate crude oil contract rose 0.5% to $82.78 per barrel, while global benchmark North Sea Brent edged up 0.6% to $89.04 per barrel.
Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.4% higher.Situational Awareness increased its stakes in technology companies Micron Technology (MU) and Sandisk (SNDK) in Q2, according to regulatory filings published Friday. Micron stock was up more than 2% and Sandisk shares were more than 3% higher pre-bell.Alibaba Group Holding's (BABA) Qwen artificial intelligence models have exceeded 3 billion in downloads globally over the last six months, topping that of Meta Platforms (META) and Alphabet's (GOOG,GOOGL) Google, Bloomberg reported, citing data from open source AI platform Hugging Face. Alibaba shares were up more than 1% premarket.Dynatrace (DT) unit Dynatrace LLC plans a $1.25 billion private placement of exchangeable senior unsecured notes due Sept. 1, 2031, the company said. Dynatrace stock was down more than 1% pre-bell.
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