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Even Big Profits Aren’t Enough to Keep Chip Investors Happy
The Wall Street Journal18h agoneutral
Even Big Profits Aren’t Enough to Keep Chip Investors Happy

Korean memory-chip manufacturer SK Hynix late last month booked roughly $65 billion in profit for the quarter ended June 30, a 13-fold increase from last year. Hynix earned almost as much money in 90 days as it had in the prior 29 years since its IPO, total. The reports, though outstanding on basically every measure, still fell short of Wall Street’s sky-high expectations for chip companies.

S&P 500 Rides Tech Stock Resurgence to Fresh High
Barrons.com19h agobullish
S&P 500 Rides Tech Stock Resurgence to Fresh High

Wall Street saw a record-setting session on Tuesday thanks to a reignited tech stock rally. The S&P 500 gained 1.8%, breaking out to a fresh closing high, its first record in over two months. Tech stocks led the rally, sending the Nasdaq up 2.6%.

What's Driving Today's Record-Setting Rally?
Barrons.com21h agobullish
What's Driving Today's Record-Setting Rally?

Take your pick between the prospect of a U.S.-Iran peace deal, strong earnings, and a reignited AI trade as reasons the market is on the rise. The Nasdaq Composite was up 2.6%. The Trump administration has been vocal about talks it says are ongoing with Iran.

MT Newswires22h agoneutral
Sector Update: Energy

Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.7% and th