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XLC News30 articles
AI Hardware Rally Lifts Nasdaq, But Growth Stocks Split
Nasdaq gains 0.6% on AI hardware strength, but growth stocks diverge as tech climbs and communication services fall. SMCI and SPCX rally on earnings, NFLX slumps.
Broad Market Rally Lifts Dow 1.1%, Russell 2000 Up 1.4%
Stocks closed broadly higher Thursday, with the Dow up 1.08% and Russell 2000 up 1.38%, while tech lagged. Falling Treasury yields and a 1.3% monthly PPI increase shaped the session.
Dow Wipes Out 395-Point Gain as Earnings Pop Fades
The Dow surrendered a 395-point opening rally by midday Tuesday, with Goldman Sachs and UnitedHealth giving back early gains while Johnson & Johnson plunged 6.85%.
Dow Hits Record High as Chip Slump Splits Wall Street
The Dow climbed to a record high Tuesday as strong bank earnings offset a global chip selloff, while the Nasdaq slipped and the S&P 500 stayed flat.
S&P 500 Rallies as Broad Gains Offset Telecom Rout
U.S. stocks closed higher Friday, with the S&P 500 up 0.59% to 7,811.54, just shy of its record, as broad participation outweighed a sharp drop in telecom stocks.
Utilities Rally Powers S&P 500 to New Heights as Small Caps Lag
The S&P 500 rose to a record close as utilities led gains on a nuclear power deal, while small caps fell and oil rebounded above $100.
M&A Surge Broadens S&P 500 Rally Despite 5.33% Treasury Yield
Software stocks rallied on PTC's $22.6B acquisition, lifting the S&P 500 within 0.6% of its record. Treasury yields hit 5.33%, but oil's decline eased inflation fears.
Mixed Open as ISM Price Surge Caps Nasdaq Rally
U.S. stocks opened mixed Monday as a 5.30% 10-year yield and rising ISM prices tempered gains. Nasdaq rose 0.5%, while Dow slipped. PTC surged 34.8% on Schneider's $22.6B bid.
Bond Yields Steal the Show as Tech Rally Masks Broad Market Weakness
U.S. stocks closed a mixed week with tech leading gains, but the 10-year Treasury yield's rise to 5.28% puts the spotlight on Fed minutes and economic data this week.
Tech-Led Rally Lifts Nasdaq 1.4% as Treasury Yields Slide
Wall Street climbed midday as lower bond yields fueled a tech-led rally. The Nasdaq gained 1.4%, while Snowflake soared 21% on strong results.
Small Caps Lead Rally as Broader Market Gains Momentum
Small-cap stocks surged 1.3%, with the Russell 2000 outperforming the S&P 500 by 0.83 percentage point, as trading volume favored smaller companies.
Small Caps Surge 1.2% as Trading Volume Signals Broad Risk Appetite
Small-cap stocks outperformed on Tuesday, with the Russell 2000 up 1.2% on unusually high volume, while materials led sectors and tech lagged. ADP payrolls missed forecasts, but oil's rise above $90 remains a risk.
Stocks Trim Losses as Oil Holds Near $88 and Yields Pressurize
U.S. equities trimmed early losses by late morning Tuesday, but the Nasdaq still fell 0.76% as oil near $88 and a 4.77% 10-year yield kept pressure on valuations.
Tech Futures Slide 1.4% as Oil Tops $92, Yields Climb
Nasdaq-100 futures dropped 1.35% as oil prices surged past $92 and bond yields climbed, squeezing growth stocks. Energy led premarket gains, while most sectors declined.
Oil's Surge Past $90 Drags Dow Down 374 Points; Energy Stocks Shine
Brent crude's surge past $90 on U.S.-Iran tensions pressured the Dow, which fell 374 points. Energy stocks led gains, while the broader market slipped.
Tech Selloff Eases in After-Hours as Index ETFs Hold Steady
U.S. equities closed lower on Friday, with tech leading declines. After-hours trading was quiet, with index ETFs stable. Marvell, Nvidia, and Intel dropped.
AT&T's Dividends Lure Income Investors Amid Starlink Threat
AT&T shares slip 0.4% as dividend yield attracts buyers, but Wells Fargo downgrade highlights Starlink risk. Earnings report set for July 22.
Meta Shares Recover After Early Dip; Focus Shifts to AI Chip and Power Expansion
Meta shares bounced back from an early loss, rising 1.7% to $613.19, as traders focused on the company's AI chip plans and capacity expansion targets.
Verizon Shares Slide as Investor Fears Mount Over Dividend Security Amid Satellite Threat
Verizon shares dropped 1.1% as investors focused on dividend risk, with the stock's daily trading range surpassing the upcoming quarterly payout. Market losses from satellite competition add pressure.
Reddit Surges 14% on Short Interest Spike and Ad Revenue Growth
Reddit shares surged 14% Wednesday as short interest climbed and the company's ad revenue growth continues to improve.
Verizon Shares Slide on Starlink Threat, BT Deal Fails to Impress
Verizon shares fell 5.3% in premarket trading as Starlink's mobile ambitions outweighed its BT Group joint venture, pushing the dividend yield to 6.4%.
AT&T Slumps as Starlink-Cable Pact Rattles Telecoms
AT&T dropped 5.2% on Monday as news of a potential Starlink-Charter partnership and Comcast's breakup weighed on telecom stocks.
Charter Surges on Comcast Split Speculation; Buyback Gap Persists
Charter Communications shares surged 13.8% after Comcast's breakup plan fueled cable merger speculation, though the stock still trades 32% below its Q1 buyback average.
Comcast Stock Dips Again as UK Park Plan and $4B Debt Deal Weigh
Comcast shares dropped 1.1% to $23.26, extending a 5.35% decline, as the market reacts to a £5 billion UK resort plan, a $4.14 billion debt buyback, and Peacock's profitability milestone.
Verizon Stock Slips as Tech Surge Drives Markets to Records; Jobs Data in Focus
Shares of Verizon (VZ) fell 1.1% for the week, ending at $47.81, while major U.S. indices hit new record highs driven by tech stocks.
WBD Shares Dip Amid California Probe, Paramount Deal Faces Scrutiny
Warner Bros. Discovery shares declined 1% Friday, closing at $27.14, as California's attorney general launched an investigation into Paramount's $31-per-share acquisition offer, adding to existing regulatory and financing concerns.
Netflix Shares Dip Amid Target Cut and Market Selloff
Netflix shares slipped 0.6% to $94.31 on Thursday as Argus trimmed its price target to $110, citing the abandoned Warner Bros deal. The streaming giant is refocusing on organic growth, buybacks, and advertising initiatives.
Communication Sector Stalls as Ad Worries Offset Gains
Communication services stocks lacked momentum entering a holiday-shortened week, with the sector's main ETF finishing essentially unchanged. Heavyweight internet stocks declined while telecom and media names provided some support.
Communication Services Stocks Face Pressure from Pinterest Plunge, Alphabet Debt, and Media Deals
Pinterest's sharp decline on weak ad outlook weighs on the communication services sector, while Alphabet's bond sale and media merger activity set the stage for Tuesday's trading.
Communication Services Sector Lags as AI Spending Concerns Weigh on Big Tech
The Communication Services ETF (XLC) fell 0.4% Friday, diverging from a broad market rally, as Alphabet and Meta declined. Investors scrutinized massive AI capital expenditure plans.