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Regaining support at its 21-day exponential moving average, Apple stock is shaking off a spat of turbulence.
U. S. equity futures moved modestly higher on Wednesday, with investors attempting to regain confidence after a sharp decline in technology and semiconductor stocks.
South Korea's SK hynix, a maker of memory chips for artificial intelligence data centres, said Wednesday it plans to raise 45.45 trillion won ($29 billion) through a listing on Wall Street's tech-heavy Nasdaq stock index.SK hynix said proceeds from the offering would be used to fund chip facilities -- including its first fab at South Korea's Yongin semiconductor cluster, an advanced packaging facility in Cheongju, and chipmaking equipment.
June 24 (Reuters) - S&P 500 and Nasdaq futures inched higher on Wednesday after two straight sessions of declines, as investors returned to technology shares following a sharp selloff that saw the
By Amanda Cooper LONDON, June 24 (Reuters) - Stocks staged a tentative recovery on Wednesday from a rout in technology shares on the back of caution over overstretched AI valuations, while crude oil
This Bitcoin price prediction weighs a 5% drop and cooling US demand against $1.17 billion in short bets that could spark a squeeze.
Investing.com - S&P and Nasdaq futures edged higher on Wednesday after a sharp selloff in technology shares rattled Wall Street, with investors looking to earnings from memory-chip maker Micron for clues about the health of the artificial intelligence trade.
Vishay Precision, ASE Technology, StoneX, Hooker and Helios have been highlighted in this Screen of The Week article.
Nasdaq futures were up after the selloff halted a boom in AI-related stocks. Micron Technology earnings after the close will be closely watched.
IBB, Novartis, Pfizer and Eli Lilly's have been highlighted in this Investment Ideas article.
A three-year high for inflation may force the Federal Open Market Committee (FOMC) into action.
The tech-heavy Nasdaq composite has slid for four of the past five trading sessions and moved at least 1% on six consecutive trading days. Read more on how recent rallies have left tech stocks vulnerable to reversals.
Tech stocks looked set to claw back some losses on Wednesday as investors bought the dip following a global selloff that dragged down shares in chip makers including Intel and Micron. Nasdaq 100 futures rose 0.5%. Dow Jones Industrial Average futures slid 95 points, or 0.2%.
There are plenty of questions swirling around the AI chipmaker. Don't let that blind you from the obvious answer.
REVIEW PREVIEW NEWSLETTER Chip off the Old Block. All eyes were on tech today as the sector declined 3.7% and investors sold off chip stocks. Even some of the bigger artificial intelligence companies took a hit.
Global stocks extended losses on Tuesday in a sell-off driven by chipmakers and other tech companies that have recently benefited from market enthusiasm for the prospects of artificial intelligence. The tech-heavy Nasdaq composite index was down 2.21 percent at the market’s close. Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. Among the main drivers were Sandisk and Micron Technology, which specialize in memory and storage. Both wer
<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.
MPLX LP (MPLX) concluded the recent trading session at $57.68, signifying a +1.37% move from its prior day's close.
Texas Instruments (TXN) reached $304.41 at the closing of the latest trading day, reflecting a -8.39% change compared to its last close.
Clear Secure (YOU) closed at $52.73 in the latest trading session, marking a +1.48% move from the prior day.
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.
