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XLK News30 articles
S&P 500 at 7,650 Faces New Test as 10-Year Yield Hits 5%
S&P 500 ends week flat at 7,650.50 as 10-year Treasury yield hits 5%, pressuring valuations. Narrow rally and Fed's hawkish stance set stage for key earnings and housing data.
Tech Stocks Propel Nasdaq Higher as Yields, Oil Retreat Ahead of Fed
The Nasdaq led gains on Wednesday as lower Treasury yields and oil prices supported growth stocks, while the Dow slipped. Investors await the Fed's decision and updated projections.
UK Inflation Surges to 3.1% on Fuel Costs, Core Prices Stable
UK inflation rose to 3.1% in August, but core inflation stayed flat, suggesting the Bank of England may hold rates on Thursday.
Futures Recover Modestly as Oil Holds Above $103, Fed Decision Looms
U.S. stock futures edged higher Tuesday, recovering slightly from Monday's AI-led slump, but oil above $103 and the Fed's upcoming decision kept gains in check.
Nintendo Turns $300M Tariff Refund Into 30% Switch Game Sale
Nintendo's new 30% off sale on Switch games is partly funded by a $300 million tariff refund. The promotion tests whether lower prices can drive digital sales growth.
Bitcoin Consolidates Near $77K as IBIT Faces Minimal Weekend Gap
Bitcoin trades near $77,300, leaving IBIT with almost no catch-up move. Market eyes Fed meeting and inflation data as key catalysts.
Nokia's AI Push: Three Announcements, But Investors Want Numbers
Nokia (NOK) shares inched up 0.8% after announcing an AI edge platform, an Orange trial, and a fiber contract. But without disclosed deal values, investors remain cautious.
Tech Futures Steady as Oil Nears $100, CPI in Focus
Nasdaq futures were flat as Brent crude neared $100. Tech stocks showed resilience, but Friday's CPI report will be the key test for markets.
Nasdaq Futures Climb as Dow Slips; Oil Surges Past $92
Nasdaq futures gain 0.4% and Dow futures fall 0.6% as oil tops $92 and Canada tariffs loom. Tech strength vs. cyclical weakness.
U.S. Markets Shut for Labor Day: Futures and Limited Options Trade
U.S. stock exchanges are closed Monday for Labor Day, but futures and select index options trade on holiday schedules. The next regular session is Tuesday.
Nintendo Lifts Switch 2 Ban Wave After Temporary System Glitch
Nintendo lifted Switch 2 console bans within a day, attributing error 2124-4508 to a temporary system fault. Shares fell 1.03% but forecasts remain unchanged.
BoE's Pill Advocates Rate Hike to 4% as Long-Term Gilt Yields Stay Elevated
Huw Pill argues for a quarter-point rate increase, but market pricing suggests September is unlikely. Long-dated gilt yields stay high, reflecting inflation and fiscal concerns.
TSX Posts Best Day in a Month as Miners and Tech Surge
The S&P/TSX Composite jumped 1.5% on Thursday, its best session in a month, driven by mining, tech and financial shares as traders pared bets on a September Fed rate hike.
Nasdaq Rises 1.4% as Fed's Waller Signals Possible Rate Pause
The Nasdaq advanced 1.4% as Fed Governor Waller hinted at a possible pause in rate hikes. Tech stocks led gains, while yields eased.
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-Cap Futures Lead as Oil Retreats From $93
Russell 2000 futures advanced 0.73% as oil pulled back from $93, while S&P 500 and Nasdaq-100 futures also posted gains. Treasury yields slipped, and jobless claims ticked higher.
Oil Rally Pressures Nasdaq as Dow Holds Firm
Crude oil tops $92 a barrel, driving a wedge between the Dow and Nasdaq futures. Snowflake jumps on strong guidance, while Broadcom and NetApp slide.
Oil Surges Past $92, Tech Futures Dip as Energy Gains Outweigh AI Optimism
Crude oil climbs above $92 a barrel, erasing earlier tech gains. Snowflake jumps 24% on strong results, while Ultragenyx drops 44% after a failed trial.
Dow Futures Edge Higher as Snowflake Soars, Broadcom Slips
Dow futures led U.S. equity markets higher in early trading, with Snowflake soaring on raised guidance and Broadcom slipping despite record results. Oil prices firmed amid geopolitical tensions.
Small Caps Lead Market Rebound as Wall Street Breaks Losing Streak
Wall Street rebounded Wednesday, ending a three-day losing streak. The Russell 2000 led gains, rising 1.1%, while Snowflake surged 22% in after-hours trading.
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.
Small Caps Outperform as Tech Rally Loses Steam
Small-cap shares outperformed the broader market on Wednesday, while technology stocks faded. Oil prices and Treasury yields remained elevated, and investors awaited key jobs data.
Small Caps Outperform as Oil Steadies Near $91; Tech Lags
Small-cap stocks outpaced the broader market on September 2 as crude oil hovered near $91 and Treasury yields stabilized. Dell, Nvidia, and GitLab jumped on earnings, while MongoDB and Credo slumped.
Binance Expands into US Stock Options Trading with 1,000+ Listings
Binance now offers options on over 1,000 US stocks and ETFs, with August TradFi perp volume surging to $433B. The move targets non-US users via Alpaca.
Materials Rally Drives S&P 500 Higher; Tech Gains Offset Dow Pullback
U.S. stocks advanced at midday, with the S&P 500 up 0.56%, as materials and tech shares led gains. Dell and NVIDIA surged on positive catalysts.
Small Caps Surge as Cyclicals Outperform; Materials, Financials Lead
Small-cap stocks outpaced the broader market Wednesday as materials and financials rallied, while technology lagged. ADP jobs data missed estimates, and oil prices climbed above $90.
SpaceX Shares Dip 1.9% as AI Spending Weighs on $1.84T Valuation
SpaceX stock slipped 1.9% on Wednesday as investors weighed heavy AI-related capital spending against a $1.84 trillion market valuation, even as Q2 revenue surged 91.9%.
Tech-Heavy QQQ Slips 1.3% Premarket as Yields, Oil Pressure Growth Stocks
QQQ fell 1.3% premarket Tuesday, more than double SPY's decline, as higher yields and oil prices hit tech heavyweights.
Tech Futures Slide as Oil Above $90 Heightens Rate Jitters
Nasdaq futures fell 0.57% as oil above $90 and a 10-year yield near 4.82% tightened financial conditions, pressuring tech shares. Dell and GitLab gained on earnings, MongoDB fell.