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Asian markets pushed higher on Friday after the Dow Jones Industrial Average closed at another record high, with several AI and related chip stocks staging a rebound even as others extended their recent slide.View on euronews
This under-the-radar healthcare stock just made its biggest acquisition ever -- and it could easily outperform many of Wall Street's favorite names.
Shares rallied in Asia on Friday after the Dow Jones Industrial Average set another record, as some key AI related stocks rose while others extended losses. U.S. futures were moderately higher and oil prices also rose. Samsung Electronics, the country's biggest company and a major maker of computer chips, gained 7%.
“American workers are not getting a raise,” says J.P. Morgan Asset Management strategist.
<body><p>STORY: U.S. stocks closed mixed on Thursday, with the Dow adding more than 1.1% and posting a record closing high, the S&P 500 ending flat and the tech-heavy Nasdaq tumbling eight-tenths of a percent.</p><p>The Labor Department's nonfarm payrolls report showed the economy added 57,000 jobs in June, far below economists' estimates.</p><p>That lowered investors' expectations for a rate hike from the Federal Reserve in September to just over 50%, according to CME FedWatch. </p><p>But Anna Rathbun, founder and CEO of Grenadilla Advisory, said she believes a rate increase may still be on the way due to persistent inflation.</p><p>"I think the Fed interest rate expectations, to expect a hike sometime down the line, I think is a safer bet than expecting a cut." // "I mean, if the Fed is really sticking to that 2% target, we're not going to see that, in my opinion, anytime soon. And that is partly because even if oil prices go down, and it has, and that will be reflected definitely in the headline inflation number. The core inflation [number] - minus fuel, minus food - has consistently been above 2%. So that means, this is my opinion, I think that the equilibrium inflation is probably settling above the Fed's target. That means higher for longer."</p><p>Among Thursday's stock moves, technology was among the biggest sector decliners in the S&P 500.</p><p>Chip stocks were especially hard hit, with the Philadelphia semiconductor index down sharply for a second day, shedding about five and a half percent. </p><p>Shares of Tesla dropped seven and a half percent, even though the electric carmaker posted second-quarter deliveries above estimates. Tesla shares had risen sharply this week ahead of the report.</p><p>Among other decliners, shares of Bending Spoons tumbled more than 11% a day after the Vimeo owner gained 40% in its Nasdaq debut.</p><p>Markets will be closed Friday ahead of the Fourth of July holiday.</p></body>
Sweetgreen, Inc. (SG) closed the most recent trading day at $8.77, moving 3.63% from the previous trading session.
In the latest trading session, V.F. (VFC) closed at $16.3, marking a -3.15% move from the previous day.
In the closing of the recent trading day, Onto Innovation (ONTO) stood at $307.58, denoting a -12.46% move from the preceding trading day.
Bloom Energy (BE) closed at $270.89 in the latest trading session, marking a -6.43% move from the prior day.
Bumble Inc. (BMBL) closed the most recent trading day at $3.28, moving +1.55% from the previous trading session.
Garmin (GRMN) closed the most recent trading day at $240.02, moving +1% from the previous trading session.
In the most recent trading session, Hamilton Insurance (HG) closed at $34.44, indicating a +1.95% shift from the previous trading day.
Shares of aerospace and defense company Boeing (NYSE:BA) jumped 2.7% in the morning session after investors weighed mixed news, as a positive sale-and-lease-back transaction for two of its 787-9 aircraft was tempered by a new FAA safety directive for the 737 MAX. CDB Aviation, a leasing company, completed the deal with Lufthansa for the two long-haul jets.
In the most recent trading session, Tutor Perini (TPC) closed at $76.75, indicating a -3.47% shift from the previous trading day.
The latest trading day saw Texas Instruments (TXN) settling at $293.08, representing a -1.79% change from its previous close.
In the closing of the recent trading day, SkyWest (SKYW) stood at $96.58, denoting a -1.8% move from the preceding trading day.
Paccar (PCAR) closed at $119.5 in the latest trading session, marking a -1.44% move from the prior day.
The latest trading day saw ConocoPhillips (COP) settling at $104.73, representing a +1.46% change from its previous close.
In the closing of the recent trading day, Howmet (HWM) stood at $270.41, denoting a +1.12% move from the preceding trading day.
Plus, an Olympian is charged with damaging the D.C. reflecting pool, and celebs use special-ops tactics to keep their weddings private.
The S&P 500 advanced 1.8%, while the rose 2%, and the gained 2.1%. While the Russell 2000 dipped for the week, it just finished the best first half of a year since 1991, gaining 22% to the S&P 500’s 10%. “Portfolio managers [are] looking for other opportunities outside of owning AI,” says Jason Ware, chief investment officer of Albion Financial Group.
U.S. stocks ended mixed after June hiring data came in well below expectations and prompted investors to dial back bets on a Federal Reserve interest-rate increase this month.
The Standard & Poor's 500 index rose 1.8% this week, led by gains in communication services and fina
The Dow Jones Industrial Average climbed 1.1% to another record, while the Nasdaq composite dropped 0.8% after erasing an early gain. The Nasdaq composite fell 207.36 points, or 0.8%, to 25,832.67. The Russell 2000 index of smaller companies fell 16.48 points, or 0.5%, to 2,996.11.
US equity indexes were mixed Thursday after nonfarm payrolls data showed a decline in new jobs. *
Energy stocks were higher late Thursday afternoon, with the NYSE Energy Sector Index rising 0.9% and
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