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US equity indexes were mixed in midday trading on Thursday amid a decline in technology shares, gove
Nasdaq Falls as Broadcom Rout Overshadows Stronger Dow Surge
The Dow surged back to record levels on Thursday as big financial stocks provided a boost. The blue-chip index rose 866 points or 1.7%, on pace for an all-time high and its biggest percentage gain since April. If the Dow closes at a record today, it would mark its 15th record in 2026.
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Jobless Claims Increased More Than Expected
Nine out of 11 sectors were in the green in the DJIA index, with information technology and energy sectors down 2.6% and 0.5%, respectively.
Without making too much of this near-term pre-market jostling, we can acknowledge that this looks a bit like profit-taking.
Palantir stock climbed amid news at AIPcon 10, including a marketing partnership with Google's cloud computing business.
June 4 (Reuters) - The S&P 500 and the Nasdaq dropped at the open on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record
The Dow opened higher, but the S&P 500 and Nasdaq were on pace to fall for a second day in a row. The Dow rose 503 points, or 1%. The S&P 500 fell 0.3%. The Nasdaq tumbled 1.1%. A majority of stocks in the Dow and S&P were rising, but the chip stock slide was overpowering the latter.
Hundreds of billions of dollars are set to be wiped off the value of US microchip giants amid fears that the AI boom is running out of steam.
Hundreds of billions of dollars are set to be wiped off the value of US microchip giants amid fears that the AI boom is running out of steam.
U.S. stocks ended lower on Wednesday, retreating from their record highs, as fresh tensions in the Middle East dented investors' confidence and a surge in global oil prices reignited fears of inflation ticking higher.
APPS, VPG, AAON, HLIO and ASX surge on strong momentum, with sharp price gains and rising earnings estimates signaling potential for continued upside.
UNH, DCI, LOW, PLUS and TD stand out for cautious investors as markets weigh inflation, growth and geopolitics amid recent dividend hikes.
FEATURE The thing about bull markets, especially those powered by investor momentum, is that they constantly ask questions that can’t be satisfied by “more of the same.” Broadcom gave Wall Street a rare moment of tech sector clarity late Wednesday, topping second-quarter earnings forecasts but disappointing modestly on its near-term sales outlook.
US stocks were expected to head in different directions on Thursday morning, as oil prices retreat but tech earnings overnight disappointed investors. Dow Jones futures were called 0.8% higher, but the S&P 500 was off 0.4% and Nasdaq futures were down 1.3%. The latter pair were...
Stock Market Today: The Dow Jones index rose Thursday ahead of jobless claims. Broadcom and CrowdStrike plunged on earnings.
FEATURE The artificial-intelligence rally may be grinding to a halt. Technology stocks were getting hit hard on Thursday after mediocre revenue guidance from Broadcom caused investors to question how fast AI demand will accelerate.
Wall Street futures pointed largely lower pre-bell Thursday after chipmaker Broadcom (AVGO) issued t
Intel is teaming up with Apple supplier Foxconn to develop artificial-intelligence infrastructure—but that wasn’t enough to stop the chip manufacturer’s stock from sliding on Thursday. The selloff came after Intel and Foxconn, also known as Hon Hai Precision Industry said they would collaborate to speed up the AI buildout. “Together, we are accelerating the delivery of end-to-end platforms that unlock new capabilities and extend the impact of AI worldwide,” Intel CEO Lip-Bu Tan said.
High-flying tech stocks were struggling on Thursday after Broadcom's so-so revenue guidance failed to impress investors. Futures tracking the Nasdaq 100 were 1.1% lower as the tech-heavy index lagged behind both the S&P 500 and Dow Jones Industrial Average.
