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The big three stock market indexes are down, but it’s not as bad as it looks. The Dow was down 150 points, or 0.3%. Low volatility and value stocks were leading the market, while momentum, growth, and risk were all struggling.
Samsung posted a 19-fold profit increase and investors said "cool, we're selling anyway," dragging the Nasdaq Composite index deep into the red.
The announcement comes after Palantir Technologies stock fell 25% in June, marking its worst month since February 2021.
The FTSE 100 closed up 14.11 points, 0.1%, at 10,665.88.
The Dow is down 200 points, or 0.4%, following the Nasdaq and S&P 500 deeper into the red. Caterpillar stock was the worst-performing Dow component, down 5.6%. The construction equipment company, which has become an AI infrastructure play, dropped after announcing its acquisition of mining solutions company, Skycatch.
Caterpillar stock is down 5.4% on its latest acquisition, dragging the Dow lower. The stock, which has emerged as an unexpected AI play amid the infrastructure buildout, was the worst performer in the blue-chip index.
Shares of Intel (NASDAQ:INTC) are down 10% in Tuesday morning trading to $110, while Advanced Micro Devices (NASDAQ:AMD) stock is off 8% to $508. The moves cap a sharp reversal after both names rallied Monday. The declines are part of a broader chip selloff triggered by Samsung Electronics’ quarterly report. Equipment maker Applied Materials (NASDAQ:AMAT) ... Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff
The Nasdaq tumbled on Tuesday to continue a turbulent time for chip stocks. The tech-heavy index fell 1.3%. The S&P 500 dropped 0.5% and the Dow fell 70 points, or 0.1% amid a reversal of yesterday’s chip-stocks rally.
July 7 (Reuters) - The Nasdaq opened lower on Tuesday amid declining chip stocks, with investors questioning the momentum of the AI-led rally despite Samsung's strong earnings, while a report on
Stock Market Today: The Dow Jones index rose, while tech futures sold off amid Samsung earnings. Micron and Sandisk plunged.
Futures are pointing to a mixed open for major indexes as tech stocks retreat after posting big gains to start the week. Here’s what investors need to know today.
US markets are set for a mixed open on Tuesday, with technology stocks expected to come under pressure after Samsung delivered record quarterly profits that still failed to satisfy investors, raising fresh questions about AI valuations. Nasdaq futures were down 1.1% ahead of the opening bell,...
Investing.com - U.S. stock futures hovered around the flatline on Tuesday as investors weighed the durability of the artificial intelligence rally alongside renewed tensions in the Middle East.
Pre-Market Stock Futures: Futures are trading mixed, with the Nasdaq getting hammered after a gangbuster start to the first full trading week of the third quarter. All of the major indices finished the day higher, with chip stocks once again leading the way. When the dust settled at the close, the Nasdaq finished the day ... Here Are Tuesday’s Best Wall Street Analyst Research Calls: Adobe, American Airlines, Broadcom, First Solar, Meta Platforms, Shopify, Space-X, Ventas, Waste Managment, and M
The Dow Jones crossed 53,000 for the first time, powered by financials and rising tech exposure. Here's what fueled the rally and the ETFs poised to benefit.
US equity futures were mostly lower pre-bell Tuesday as technology-related stocks dropped and oil pr
Stock markets have been firmly set in a “beat and raise” focus heading into the start of a crucial earnings season, and their reaction Tuesday to a manifestly impressive set of figures from the world’s biggest chip maker suggests anything less than perfection likely will disappoint. Samsung impressive second-quarter earnings, which included a near 20-fold increase in profit and a doubling in overall revenue, failed to add any extra juice to a market already foaming with speculative fever for all things tech following a red hot first half of the year. The question for investors, heading into both the second-quarter earnings season and the traditional lull of the summer months, is whether the market’s initial reaction to the stellar, but not door-busting, numbers from the chip maker are a sign of tech stock fatigue or a coded bubble warning for the world’s hottest trade.
History has a way of accurately forecasting the future on Wall Street.
US stock index futures traded cautiously on Tuesday after the Dow Jones Industrial Average reached a record high in the previous session, while investors weighed another strong earnings update from Samsung Electronics (USOTC:SSNHZ) alongside fresh comments from Federal Reserve Governor Christopher Waller. Futures pause after Wall Street recordsBy 03:02 ET (07:02 GMT), futures linked to the Dow Jones Industrial Average were little changed.
