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<body><p>STORY: A down day on Wall Street Tuesday saw the Dow edge lower, while the S&P 500 tumbled nearly one-and-a-half percent and the tech-heavy Nasdaq plummeted about 2.2%.</p><p>Jitters over debt-funded AI spending led to sharp losses in semiconductor and other Big Tech tech stocks.</p><p>:: Marvell Technology </p><p>Shares of Nvidia dropped more than 4%, Intel shed over 6% and shares of Marvell Technology tumbled more than 9%.</p><p>Memory chipmakers Micron Technology and SanDisk, among the best performers on the S&P 500 this year, both fell around 13%.</p><p>Micron's earnings report on Wednesday will draw intense scrutiny, says Nancy Tengler, CEO and chief investment officer at Laffer Tengler Investments.</p><p>"So I think this is a hugely important report, much like Nvidia has been in other periods. [FLASH] We're gonna be watching their guidance on HBM4, which is the Vera Rubin platform Nvidia relationship that they have - is that continuing to grow quickly? And then margins. The company pulled, reported 81% margins. I mean, imagine that - eighty-one percent. And the market is determined that they stay above eighty [percent]. So, those are the two things we'll be paying attention to."</p><p>Among other movers, Elon Musk's SpaceX, which debuted this month, continued its bumpy ride, briefly dipping below its opening price of $150 before paring losses to close about 1% higher. </p><p>Investors on Tuesday were also watching developments in the Middle East. The Senate backed legislation to halt U.S. military action against Iran, but it was unclear how this would affect the war as Washington continues to negotiate a peace agreement with Tehran.</p></body>
Google parent Alphabet will be added to the Dow Jones Industrial Average beginning Monday, the index’s operator, S&P Global, said Tuesday. The company represents the fifth of the so-called Magnificent Seven growth stocks to enter the price-weighted index, which has historically been less vulnerable to tech swings than the Nasdaq Composite Index or the S&P 500. “Adding Alphabet will broaden and strengthen the DJIA’s exposure to these dynamic areas of the U.S. economy,” S&P said in a written statement.
In the closing of the recent trading day, Teradyne (TER) stood at $420.12, denoting a -8.07% move from the preceding trading day.
Southern Co. (SO) reached $94.93 at the closing of the latest trading day, reflecting a +1.61% change compared to its last close.
PPL (PPL) reached $36.29 at the closing of the latest trading day, reflecting a +1.97% change compared to its last close.
In the most recent trading session, Star Bulk Carriers (SBLK) closed at $26.98, indicating a +1.73% shift from the previous trading day.
MPLX LP (MPLX) concluded the recent trading session at $57.68, signifying a +1.37% move from its prior day's close.
Clear Secure (YOU) closed at $52.73 in the latest trading session, marking a +1.48% move from the prior day.
ON Semiconductor Corp. (ON) concluded the recent trading session at $117.06, signifying a -11.01% move from its prior day's close.
QuickLogic (QUIK) concluded the recent trading session at $19.94, signifying a -9.12% move from its prior day's close.
Toast (TOST) concluded the recent trading session at $24.51, signifying a +1.03% move from its prior day's close.
The Nasdaq broke key support Tuesday as AI stocks sold off, even as SpaceX reversed higher. FedEx and AI chip IPO Cerebras reported late. Micron earnings loom.
US equity indexes ended lower on Tuesday after steep declines in mega-cap semiconductor and other te
The Nasdaq couldn’t escape a global selloff that sent chip stocks tumbling on Tuesday. The tech-heavy index tumbled 2.2%. The S&P 500 fell 1.4%. The Dow dropped 45 points, or 0.1%. The Nasdaq's fall was mostly driven by a sharp slide in chip stocks.
Top cryptocurrencies fell Tuesday, with Bitcoin (BTC-USD) dropping below the $63,000 level. The C
The Nasdaq Composite hasn't had a stretch this volatile in nearly two years. If the Nasdaq moves more than 1% today, it would mark its longest such stretch of two-way volatility since Aug. 8, 2024, according to Dow Jones Market Data. "Any time we see elevated two-way volatility like this, it suggests that both pattern breakouts and breakdowns are not working," Frank Cappelleri, founder of technical analysis firm CappThesis, tells Barron's. "In other words, sharp reversals and extreme price swings like these indicate that significant posturing currently exists on BOTH sides of the market."
The Nasdaq fell hard on Tuesday. One stock's wild reversal kept it from falling harder. Yep, you probably guessed the name already.
Energy stocks rose Tuesday afternoon, with the NYSE Energy Sector Index increasing 0.4% and the Stat
