The Google parent will enter the 30-stock index on June 29, giving the blue-chip benchmark broader exposure to AI, cloud, and digital advertising
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U. S. equity futures moved modestly higher on Wednesday, with investors attempting to regain confidence after a sharp decline in technology and semiconductor stocks.
↘️ Cerebras Systems (CBRS): The chip maker, which went public in May, said it expects its operating margins to remain negative through the end of the year, a sign of the heavy cost of the AI buildout.
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
A three-year high for inflation may force the Federal Open Market Committee (FOMC) into action.
Alphabet joins the Dow on June 29, replacing Verizon, as a 6% stock crash raises questions about Google's competitive edge.
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%.
Alphabet was poised to open higher on Wednesday after the tech giant was tapped to join the Dow Jones Industrial Average, replacing Verizon.
Verizon's 22-year run in the iconic Dow is ending, with a trillion-dollar company that's an artificial intelligence (AI) applications leader taking its place.
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.
Investors are braced for Micron earnings for clues to whether AI optimism has overrun.

<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.