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Alphabet’s addition to the Dow will give the index more AI exposure... though not as much as you might think. Under the Dow’s methodology, higher-priced stocks are given more weight, meaning the Google parent will make up 4% of the index when it joins on Monday, while Goldman Sachs and Caterpillar make up more than 10% each.
Wall Street futures pointed solidly higher pre-bell Thursday after memory-chip maker Micron Technolo
Investing.com - U.S. stock futures point higher on Thursday, with technology shares leading gains after strong results from Micron and upbeat forecasts from Qualcomm reignited optimism around the artificial intelligence trade.
A modest projected decline in overall inflation for June doesn't tell the complete story.
Stocks looked set to rally after memory-chip maker Micron’s strong earnings and guidance breathed some life into the artificial-intelligence trade, which has stumbled in recent sessions. Nasdaq 100 futures jumped 2% on Thursday. S&P 500 futures gained 0.7%.
June 25 (Reuters) - Nasdaq futures jumped 2% on Thursday after upbeat forecasts from chipmakers Micron and Qualcomm pointed to strong demand for artificial intelligence infrastructure, lifting
By Ankur Banerjee SINGAPORE, June 25 (Reuters) - Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-
Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers’ stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing them closer to where they were before the war with Iran started. Qualcomm’s share price surged 12% in afterhours trading after the company announced it had raised its forecast for revenue this year to $40 billion from $22 billion.
The Nasdaq Composite fell again today, but blockbuster earnings from Micron Technology could offer a boost tomorrow. The Dow Jones Industrial Average rose 182 points, or 0.4%. The iShares Semiconductor exchange-traded fund, or SOXX, rallied about 2.5% off its intraday low to finish the day down just 0.1%.
Broader tech sell-off continued on Wednesday as investors awaited Micron earnings to judge the demand for AI and memory chips.
In the latest trading session, Western Union (WU) closed at $7.24, marking a +2.99% move from the previous day.
In the most recent trading session, Western Midstream (WES) closed at $42.11, indicating a -3.22% shift from the previous trading day.
The latest trading day saw Dominion Energy (D) settling at $69.26, representing a +1.18% change from its previous close.
In the most recent trading session, Rocket Lab Corporation (RKLB) closed at $85.41, indicating a -10.21% shift from the previous trading day.
In the closing of the recent trading day, Waste Management (WM) stood at $223.26, denoting a +2.02% move from the preceding trading day.
The latest trading day saw VirTra, Inc. (VTSI) settling at $3.2, representing a -1.54% change from its previous close.
The latest trading day saw DaVita HealthCare (DVA) settling at $213.04, representing a +1% change from its previous close.
<body><p>STORY: U.S. stocks ended mixed on Wednesday, with the Dow gaining just over a third of a percent, while the S&P 500 edged slightly lower and the Nasdaq lost more than four-tenths of a percent.</p><p>Investors were intensely focused on chip maker Micron Technology's results after the closing bell. The stock, which has surged more than 200% this year, climbed in extended trading on Wednesday, after Micron forecast quarterly earnings above Wall Street estimates, signaling that heavy investments in AI-related infrastructure will drive strong demand for its memory chips.</p><p>Michael Landsberg is chief investment officer at Landsberg Bennett Private Wealth Management.</p><p>"What's happened now is with AI, a lot of these chips are needed to make AI work faster and better. So the demand has really been strong across the entire sector. We think it continues. And that's really, I think, why this rally in that space has got some legs. And we think it could continue for a while."</p><p>Several tech stocks, however, slid during Wednesday's session, including chip designer Cerebras, which tumbled more than 19%. In its first report since going public, Cerebras forecast full-year profit margins would drop below first-quarter figures. </p><p>Concerns around debt-backed AI spending by hyperscalers and mounting fears of a more hawkish Federal Reserve have fueled a market downturn this week that has erased more than $1 trillion in market value from the Nasdaq 100.</p><p>Among the session's other stock moves, homebuilders soared after President Donald Trump canceled a planned signing of bipartisan legislation aimed at speeding up availability of affordable housing. Shares of Hovnanian Enterprises, PulteGroup and Toll Brothers all ended higher.</p><p>And shares of Hertz tumbled more than 40% after the car-rental firm said it expects second-quarter adjusted core earnings near the lower end of its forecast range and announced a proposed offering of $100 million of common stock.</p></body>
In the closing of the recent trading day, Rigetti Computing, Inc. (RGTI) stood at $19.54, denoting a -8.2% move from the preceding trading day.
The latest trading day saw Twilio (TWLO) settling at $188.34, representing a +2.34% change from its previous close.
Seanergy Maritime Holdings Corp (SHIP) closed the most recent trading day at $14.61, moving 4.13% from the previous trading session.
In the latest trading session, Tutor Perini (TPC) closed at $82.36, marking a +1.68% move from the previous day.
In the most recent trading session, Vertex Pharmaceuticals (VRTX) closed at $475.12, indicating a +1.43% shift from the previous trading day.
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