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XLK News30 articles
Dow Advances as Tech Spending Bets Fuel Mixed Market Close
The Dow advanced on AI spending expectations, while the Nasdaq slipped. Amgen, Lilly, and Disney rose; SpaceX and AMD fell. Markets await Friday's jobs report.
Dow Rises on Rate-Sensitive Gains While Market Breadth Weakens
The Dow gained 0.87% even as private payrolls missed forecasts and ISM prices jumped. Nasdaq and small caps declined, with weak breadth and healthcare outperforming tech.
BP North Sea Exit, AI Surge Reshape Global Markets
BP announced North Sea asset divestment, while AI stocks fueled a record KOSPI surge. US futures advanced on easing inflation and robust GDP, with Big Tech earnings boosting optimism.
QQQ Up 3% as Late Filings Show Advisor Conviction, Not New Inflows
QQQ gained 3.0% to $681.65. Two advisor filings from late July reflect positions as of March 31, not new purchases, indicating conviction over fresh inflows.
30-Year Treasury Yield Surges to 19-Year High as Fed Holds Rates Steady
The 30-year Treasury yield hit a 19-year high of 5.247% after the Fed held rates steady, with real yields leading a sixth straight weekly gain.
Laramide Resources Unveils Strong Uranium Economics; Key Petroleum, Kaili Resources Rise
Laramide Resources (ASX: LAM) released a Preliminary Economic Assessment for Westmoreland showing strong returns. Key Petroleum and Kaili Resources also posted notable gains.
Wall Street Suffers Steep Losses as Fed Holds Rates Steady
U.S. stocks dropped sharply Wednesday after the Fed held rates steady and oil prices surged, with the Dow losing over 1,150 points as AI hardware stocks led declines.
US Futures Mixed as Oil Surge, Fed Decision Loom; Tech Options Test $190B
US stock futures were mixed Tuesday as oil prices surged and markets awaited a Fed decision. Focus shifts to a $190 billion AI-driven options test in tech.
Global Tech Sell-Off Deepens as AI Jitters and Chip Rout Shake Markets
US futures fell sharply on Tuesday as a sell-off in chip stocks and growing AI concerns weighed on sentiment. Nvidia dropped 5%, losing $250 billion in value, while the KOSPI tumbled 10.8%.
S&P 500 Edges Higher Despite Steep Oil Drop as Rate Hike Bets Rise
The S&P 500 eked out a 0.02% gain on Monday as oil prices plunged 7.5%, but rising rate hike bets and a tech selloff limited gains.
XRP Dips to $1.08 as ETF Inflows Lag Behind Trading Volume
XRP slipped 2.6% to $1.0828 on Kraken, underperforming major peers. Weekly US spot ETF inflows were less than 1% of daily trading volume, even as 24-hour turnover surged 98.5% to $986.5 million.
SpaceX Starship Flight 13 Rescheduled; Heavy Short Interest Looms
SpaceX's Starship Flight 13 moved to Friday due to weather, with 56% of free float shorted. Traders eye Monday gap risk after the post-IPO test.
ASX 200 Gains as Commodity Stocks Rally; Wall Street Futures Up
The ASX 200 advanced as gold, copper, and uranium stocks rallied. Wall Street futures gained as traders assessed earnings and inflation risks.
Chip Rebound Powers Wall Street Higher, but Nasdaq Breadth Remains Weak
Wall Street closed higher Tuesday, led by a 5.5% surge in chip stocks, though Nasdaq breadth remained weak with 103 new lows vs 41 new highs.
Oil Surge and Inflation Jitters Test AI Stocks Ahead of Key Earnings
Brent crude climbed to $90.87, widening the divergence with semiconductor stocks and raising inflation risks ahead of key tech earnings from GOOGL, TSLA, and INTC.
Chip Sector Rout Tests Earnings Season Resilience
Wall Street faces a test this week after a semiconductor selloff erased 10% from chip stocks, even as 90% of early S&P 500 reporters beat estimates. AI investment and demand will be scrutinized.
Nasdaq Drops 2.9% as Small Caps Outperform, Chip Sector Slumps
The Nasdaq fell 2.9% for the week, while the Russell 2000 edged down only 0.5%, keeping its 2026 lead. Chip stocks slumped, but small caps held up.
Defense Boom Propels Saab to Record Q2 Profit; Tariff and Energy Jitters Weigh on US Futures
Saab's Q2 profit soared 41% to 2.79B SEK, beating estimates, as defense orders surged 141% amid European rearmament. US futures slipped on tariff and energy cost concerns.
Energy Stocks Surge on Middle East Tensions, Outperform Tech by 3.5 Points
Energy stocks gained 1.1% on Middle East oil risks, outperforming tech which dropped 2.4%. S&P 500 slipped 0.6% as Brent held above $84 and Treasury yields rose.
Dow Up 109 Points as UnitedHealth Surge Offsets Tech Slide
The Dow rose 109 points by midday Thursday, lifted by a UnitedHealth earnings beat, while a tech slide dragged the S&P 500 and Nasdaq lower.
U.S. Stocks Show Mixed Results as Tech Sector Weakens
U.S. stocks opened mixed Thursday, with the S&P 500 down 0.12% as tech stocks lagged, while the Dow rose 0.21% and the Russell 2000 gained 0.43%, signaling a rotation out of semiconductors.
FTSE 100 Slips Despite Strong UK GDP; Takeover Bids for Rotork, Gooch & Housego
FTSE 100 drops 52 points to 10,464 despite UK GDP rising 0.8% in three months. Rotork, Gooch & Housego, and Ramsdens agree to takeover bids.
Reflect Orbital's FCC License Paves Way for Massive Satellite Constellation
Reflect Orbital's FCC license for a test satellite is a small step; the company's plan to deploy 50,000 satellites by 2035 requires a massive manufacturing ramp.
Indian Railways Sanctions ₹381 Crore for Two Projects, Kavach Gets 54%
Indian Railways has sanctioned ₹381 crore for two separate projects, with over half going to the Kavach train protection system. The allocation covers 680 route km at ₹30.3 lakh per km.
Xero's $500 Ultra Plan: A Strategic Move Beyond Small Business Accounting
Xero's new Ultra plan at $500/month targets companies with 20-200 staff, bridging to ERP. At 5,000 subs, it could generate ~1% of FY26 revenue.
EQR, DLR, OCBC in Focus as Key Market Themes Emerge
Equity Residential (EQR) sits 4% below analyst target ahead of its Q2 report, while Digital Realty Trust (DLR) drops 4.48% after a $2.28B equity sale. OCBC trades near full value despite strong returns, and coffee prices tumble on margin hikes.
Arista Networks Stock Surges to Near 52-Week High Ahead of Q2 Earnings
Arista Networks shares climbed 7.7% to $179.31, approaching a 52-week high, as the company prepares to report Q2 results on August 4, driven by AI networking demand.
Wall Street Slides as Oil Surge Reignites Inflation Fears
Stocks fell sharply on July 8 as a surge in oil prices stoked inflation fears, ending a rally. The Dow lost nearly 580 points, while the S&P 500 and Nasdaq also declined.
Yen Weakness and Fed Hawkishness Halt Japan's AI Rally
Tokyo's Nikkei 225 fell 2.11% on Wednesday, breaking below 67,000 as AI-linked shares lost ground and the yen slid, raising intervention risks.
South Korean Stocks Tumble 20% from Peak Amid Chipmaker Volatility and AI Jitters
South Korean shares dropped 20% from their peak amid chipmaker volatility and AI concerns. Crinetics Pharmaceuticals surged 98.7% on a $10 billion Vertex acquisition deal.