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US equity indexes closed higher on Monday with the Dow Jones Industrial Average rising to a record a
MARKETS PM NEWSLETTER This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here. What Happened in Markets Today Tech stocks rallied back after fizzling before the holiday.
All three major indexes closed in the green Monday as chip stocks roared back. The tech-heavy Nasdaq notched a more than 1.1% gain and the S&P 500 rose 0.7% in the first trading day after the Fourth of July holiday. The Dow also closed in the green, up 156 points, or 0.3%, hitting a new record close for its second consecutive trading session.
The NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI) has become a go-to vehicle for income investors who refuse to give up on big tech. The fund pairs ownership of the NASDAQ-100 with a written-call overlay, and the resulting monthly checks have run at roughly a 13.78% trailing twelve-month distribution rate on a $55.50 share price. The ... The Monthly Income Trap: Why QQQI’s High Yield Requires Giving Up 6.5% In Upside
SK Hynix, the world’s second-largest memory-chip maker, is coming to the NASDAQ on Friday with the largest stock sale anyone has priced in years, and the chip complex is already pricing it in. CNBC’s Kristina Partsinevelos reported Monday that “SK Hynix plans to raise roughly $28 billion through an American depositary receipts, or ADR, on ... The Second-Biggest Stock Sale in History Hits the Nasdaq Friday, and Chip Stocks Are Ripping
SpaceX will be the first mega-IPO stock to join the Nasdaq-100 under its new fast-track entry rules.
Broadcom's Apple deal and AMD's self-driving ambitions powered the Nasdaq higher on Monday while the Dow spun its wheels.
Joby's valuation is getting another big lift in Monday's trading.
Small caps just had their best first half since 1991.
SK Hynix is scheduled to be listed on the Nasdaq on Friday, July 10.
At Tuesday's market open, SpaceX will be officially in the Nasdaq 100 index. Multiple analysts also will initiate SPCX stock coverage.
The PHLX Semiconductor Index is up 3.5%, fueling the Nasdaq and S&P 500’s respective 1.3% and 0.7% gains, but the chip index hasn’t climbed back to levels seen before last week’s selloff. Morgan Stanley Chief Investment Officer Mike Wilson said this underperformance in chip stocks is helping the broadening trade.
(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit
The president promoted Dell during a White House ceremony marking the launch of Trump Accounts, tax-advantaged investment vehicles for U.S. children
The inflows into tech remains very impressive.
The Nasdaq Composite and S&P 500 Index were up in late-morning trading Monday, as tech stocks rose b
U.S. Stock Futures Mostly Flat to Start a New Week.
Wall Street returned from the long weekend ready to buy the dip in chip stocks. The Nasdaq was up 0.9%. After opening higher, the Dow was down 190 points, or 0.3%. The S&P 500 was up 0.4%. The iShares Semiconductor ETF, which was battered late in the holiday-shortened week, was rallying back again.
President Trump rang the opening bell on Monday from the Oval Office at an event to promote the new investment accounts bearing his name.
For the first time, both exchanges jointly rang their opening bells from the White House to mark the launch of Trump Accounts for children
July 6 (Reuters) - Wall Street's main indexes opened higher on Monday, extending last week's rally as chip stocks rebounded, while investors looked ahead to central bank minutes and the start of the
Investors are assessing strong momentum for hardware companies in the first half of the year.
Stock Market Today: The Dow Jones index fell Monday, while tech futures rallied. Micron stock and Sandisk rebounded in premarket trading.