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Associated Press41d agoneutral
How major US stock indexes fared Friday 6/26/2026

Most of the U.S. stock market rose after oil prices eased back to where they were before the war with Iran, but drops for AI stocks kept the market in check. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite lost 0.2%. The Nasdaq composite fell 60.99 points, or 0.2%, to 25,297.62.

Nasdaq Headed for Biggest Weekly Loss in Over a Year
The Wall Street Journal41d agoneutral
Nasdaq Headed for Biggest Weekly Loss in Over a Year

Things aren't looking good for the Nasdaq. The tech-focused index is down 4.4% through Thursday—and premarket activity suggests more pain is on the way. Stock futures are lower, with chip stocks and memory makers among the biggest losers premarket.

💬 Money Quote: Power Rotation
The Wall Street Journal42d agoneutral
💬 Money Quote: Power Rotation

📣 “What we are getting right now is a power rotation. The 10-year Treasury is rallying, and that’s causing rotation into financials and consumer cyclicals. And the Nasdaq is bouncing all over the place because tech is a secular growth story and you don’t need tech as much when oil is at $70.

💬 Money Quote: Profit Taking
The Wall Street Journal42d agoneutral
💬 Money Quote: Profit Taking

📣 "There are lots of traders there just trying to make a buck, so they follow the momentum and then try to take profits." —Thomas Martin, senior portfolio manager at Globalt Investments, on this morning's market moves.

Micron’s Blockbuster Earnings Quiet the AI Doubters
The Wall Street Journal43d agoneutral
Micron’s Blockbuster Earnings Quiet the AI Doubters

A dayslong tech selloff raised new questions about whether America’s artificial-intelligence boom could continue at its breakneck pace. The blockbuster earnings arrived after a slump in tech shares that rippled from South Korean chip makers to American fiber-optic cable providers. As investors increasingly search for bottlenecks in the globe-spanning supply chain for AI, gauging whether profits will meet the hype, Micron suggested a worldwide scramble for memory shows no sign of slowing down.