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Yahoo
a day ago
- Business
- Yahoo
Stock Market Today: Techs sag on report U.S. will limit chip exports
Stock Market Today: Techs sag on report U.S. will limit chip exports originally appeared on TheStreet. Updated 11:45 a.m. EDT Stocks have lost their early gains on reports the Trump administration is planning to revoke waivers that allow chip companies to use American chipmaking technology in China. The Philadelphia Semiconductor Index and the VanEck Semiconductor ETF () were both off 1.3%. The catalyst was a Wall Street Journal report that a top Commerce Department official has told chip manufacturers like Taiwan Semiconductor () he wants to revoke waivers that gave them blanket permission to use American technology at their plants in China. Instead, the Commerce Department would require export licenses on each instance of using U.S. technology in China, The Journal reported. The idea, if enacted, would affect U.S. trade negotiations with China and could boost costs for the chipmakers. As a result, the Standard & Poor's 500 Index was flat at 5,980. It had been as high as 6,018 early in the day. The Nasdaq-100 Index, which includes key chipmakers, was down 43 points to 21,677. It had been as high as 21,902. Taiwan Semi was off 1.7% to $210. The Dow Jones Industrial Average was still up 159 points to 42,331. Updated 10:20 a.m. EDT Stocks jumped at the open, then faded slightly as investors seemed relieved that the U.S. was holding off on deciding whether to join Israel's war against Iran. At 10 a.m. EDT the Standard& Poor's 500 Index had climbed 16 points to 5,997. The Dow Jones Industrial Average had jumped 167 points to 42,339. 💸💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💸 The Nasdaq Composite Index had risen 32 points to 19578, and the Nasdaq-100 index was up 53 points to 21,772. President Trump said Thursday he expected to decide the question within two weeks. Trump frequently delays decisions like these. His Republican Party has split between isolationists, who form the core of the MAGA side, and hawks, who favor attacking Iran to disable the country's nuclear ambitions. Crude oil and gold prices were lower as war fever ebbed. Crude was off 52 cents to $74.60. Gold was down $28 to $3,380. Silver, which hit a 52-week high of $37.41 per ounce on Wednesday, had fallen 98 cents to $35.94 but was still up 22.2% for the year. It's not easy being Federal Reserve Chairman Jerome Powell. A day after the Fed held interest rates steady, President Trump was raging about the decision. Bill Pulte, chairman of the Federal Housing Finance Agency, was calling on the Fed chairman to cut rates or resign. Christopher Waller, a Fed governor (and believed to covet the chairman's job), told CNBC Friday he thinks a rate cut could come early as the Fed's July 29-30 meeting Powell's term as chairman doesn't end until May 2026, and Trump has basically guaranteed he won't be offered a third battle has to do with how the Fed is affecting mortgage rates. Currently, a 30-year mortgage will cost about 6.8% to 6.9%. Housing data are generally weak, and building optimism is seriously depressed. While Powell is the de facto leader of the Federal Open Market Committee, the Fed's rate-making body, he is only one of more than a dozen central bank officials who vote on the bank's interest rate moves. Even so, Trump has raged at Powell for more than seven years after the president elevated him to lead the Fed in 2017. Investors seemed relieved early Friday after President Donald Trump said he'd decide within two weeks whether to commit America to join Israel in its war against Iraq. Oil prices were falling with crude oil down 39 cents to $73.11. 💵💰💰💵 Trump's decision seemed to surprise many after he'd called for "unconditional surrender" from Iran over its nuclear aspirations. But Trump ally Steve Bannon, a vocal opponent of going to war, visited the White House on Thursday. Futures trading suggests the Standard& Poor's 500 Index will open 8 points higher. The Dow Jones Industrial Average was looking at an opening increase of about 67 points, and Nasdaq-100 futures were up about 50 points. U.S. markets had been closed Thursday for the Juneteenth holiday. Shares of Accenture () were off 2% preopen even as the consulting giant reported better-than-expected earnings and revenue. Barron's cited weak bookings and leadership changes for the decline. Shares of supermarket operator Kroger () were up 1% to $66.25. . Building-materials supplier GMS () shares were up 27% premarket to $101 as a bidding war for the company erupted between Home Depot () and Brad Jacobs' QXO. GMS has a market capitalization of about $3.1 billion. Wall Street believes the bidding is already at $5 billion. The 10-year note yield was up slightly at 4.436%.Stock Market Today: Techs sag on report U.S. will limit chip exports first appeared on TheStreet on Jun 20, 2025 This story was originally reported by TheStreet on Jun 20, 2025, where it first appeared.
Yahoo
5 days ago
- Business
- Yahoo
AMD, Palantir Soar as Tech Rebounds on Iran De-Escalation
June 16 Shares of Palantir Technologies (NASDAQ:PLTR) and Advanced Micro Devices (NASDAQ:AMD) surged on Monday, leading a broad rebound across the tech sector as investors looked past recent Middle East tensions. Palantir rose about 4%, while AMD jumped more than 8%, after the chipmaker reiterated its AI strategy during a presentation last week, emphasizing its growing role in AI inferencing. Warning! GuruFocus has detected 5 Warning Signs with QCOM. The Philadelphia Semiconductor Index climbed nearly 3%, while the iShares Expanded Tech-Software ETF added 1%. Semiconductor stocks traded mostly higher. Taiwan Semiconductor Manufacturing (NYSE:TSM) gained 3%, while Nvidia (NVDA), Micron Technology (NASDAQ:MU), and Monolithic Power Systems (NASDAQ:MPWR) added 1.8%, 3.8%, and 5.5%, respectively. Qualcomm (NASDAQ:QCOM) and Texas Instruments (NASDAQ:TXN) each rose 2%, and Broadcom (NASDAQ:AVGO) edged 0.9% higher. Software and cloud firms also posted early gains. Microsoft (MSFT) rose 1.1%, Salesforce (CRM) added 1.6%, Autodesk (ADSK) was up 1.6%, and Atlassian (NASDAQ:TEAM) rose 2.5%. (MNDY) advanced 3.5%. CoreWeave (CRWV) jumped 3.8% following recent AI infrastructure momentum. Amazon (AMZN) and Alphabet (NASDAQ:GOOGL) edged higher, while Oracle (ORCL) slipped 1.3%. U.S. indices opened higher as investors appeared to downplay geopolitical risk. Market sentiment improved after reports suggested Iran was engaging in diplomatic talks to ease tensions with Israel and the U.S., following last week's exchange of missile strikes. This article first appeared on GuruFocus.
Yahoo
5 days ago
- Business
- Yahoo
AMD, Palantir Soar as Tech Rebounds on Iran De-Escalation
June 16 Shares of Palantir Technologies (NASDAQ:PLTR) and Advanced Micro Devices (NASDAQ:AMD) surged on Monday, leading a broad rebound across the tech sector as investors looked past recent Middle East tensions. Palantir rose about 4%, while AMD jumped more than 8%, after the chipmaker reiterated its AI strategy during a presentation last week, emphasizing its growing role in AI inferencing. Warning! GuruFocus has detected 5 Warning Signs with QCOM. The Philadelphia Semiconductor Index climbed nearly 3%, while the iShares Expanded Tech-Software ETF added 1%. Semiconductor stocks traded mostly higher. Taiwan Semiconductor Manufacturing (NYSE:TSM) gained 3%, while Nvidia (NVDA), Micron Technology (NASDAQ:MU), and Monolithic Power Systems (NASDAQ:MPWR) added 1.8%, 3.8%, and 5.5%, respectively. Qualcomm (NASDAQ:QCOM) and Texas Instruments (NASDAQ:TXN) each rose 2%, and Broadcom (NASDAQ:AVGO) edged 0.9% higher. Software and cloud firms also posted early gains. Microsoft (MSFT) rose 1.1%, Salesforce (CRM) added 1.6%, Autodesk (ADSK) was up 1.6%, and Atlassian (NASDAQ:TEAM) rose 2.5%. (MNDY) advanced 3.5%. CoreWeave (CRWV) jumped 3.8% following recent AI infrastructure momentum. Amazon (AMZN) and Alphabet (NASDAQ:GOOGL) edged higher, while Oracle (ORCL) slipped 1.3%. U.S. indices opened higher as investors appeared to downplay geopolitical risk. Market sentiment improved after reports suggested Iran was engaging in diplomatic talks to ease tensions with Israel and the U.S., following last week's exchange of missile strikes. This article first appeared on GuruFocus.
Yahoo
13-06-2025
- Business
- Yahoo
Nvidia, Amazon, Google Lead Tech Selloff After Israel Strikes Iran
June 13 - Tech stocks tracked broader markets lower as Middle East tensions rose. The iShares Expanded Tech-Software Sector ETF slipped about 1%, while the Philadelphia Semiconductor Index fell about 2%. Among large-cap names, Google (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) each dropped about 1%, and Nvidia (NASDAQ:NVDA) slid about 1%. Meta Platforms (NASDAQ:META) was little changed, and Microsoft (NASDAQ:MSFT) also saw minimal movement. Apple (NASDAQ:AAPL) showed modest gains but remained within a narrow range. Palantir (NASDAQ:PLTR) bucked the trend, climbing about 1%, possibly on its ties with defense contracts. (NASDAQ:MNDY) declined about 3%, reflecting sensitivity to geopolitical uncertainty. Semiconductor stocks broadly ceded ground: Taiwan Semiconductor Manufacturing (TSM) fell about 2%, Micron Technology (NASDAQ:MU) slipped about 1%, Qualcomm (NASDAQ:QCOM) lost about 1%, and Marvell Technology (MRVL) slid about 2%. IBM (NYSE:IBM) and Kyndryl Holdings (NYSE:KD) each edged down about 1%. The S&P 500, Nasdaq Composite, and Dow all retreated roughly 1% as investors weighed the impact of Israel's strikes on Iran. The effects of the attack have cascaded across global markets, with a strong risk-off move for several asset classes, said Deutsche Bank's Henry Allen. Israeli Prime Minister Benjamin Netanyahu said, This operation will continue for as many days as it takes to remove this threat, underscoring uncertainty. Market participants remain alert to how the situation might affect tech demand and broader sentiment. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
10-06-2025
- Business
- Miami Herald
Stock Market Today: Guilfoyle Looks at Apple, Markets, Trump-Musk, More
As mentioned in this column 24 hours ago, the financial media had shown very little buzz concerning Apple's (AAPL) annual Worldwide Developers Conference event this year. The media appeared to be indifferent to the conference in the days leading up to Monday's keynote address. In addition to that, there was absolutely no buzz whatsoever on social media or among Apple fans as far as I could tell. Apple has clearly been the world's all-time greatest consumer electronics company, but in recent years, has been accused of showing little in the way of creativity or imagination. Incredibly, on Monday, those who did approach the event with low expectations, likely still came away disappointed. That's how underwhelming the kick-off of the week-long developers' conference was. Apple fans and Apple investors likely wanted to hear that Apple was going to make an effort to catch up to the rest of "big tech" as far as the implementation of artificial intelligence is concerned. It appears for now, that the company is more than content to lag far behind in this field. Perhaps there is a strategy there invisible to the rest of us. Time will tell. Apple did inform those concerned that the company's operating systems are being updated to create a more uniform appearance across all devices. I guess that could be pleasant for those already heavily integrated into the Apple ecosystem. The new design has a cool name... "Liquid Glass" and is said to have a more modernized look to it. Where the implementation of AI will be apparent will be in the ability to translate in real time during FaceTime calls between users speaking different languages. I guess that's cool. The AI interface will also allow users to ask questions about whatever they are seeing on their screens. While these two functions are probably going to be quite useful for those who need them, I can't imagine the majority of users will need the translate function very often. Needless to say, Apple stock closed Monday down 1.21% from Friday's close, and down 2.21% from its high of the day about 45 minutes after the opening bell. That was when a few traders (and apparently momentum-driven algorithms) apparently showed some misplaced optimism ahead of the firm's address. Trade talks between the U.S. and China will enter a second-straight day of negotiation on Tuesday. What investors are hoping to see is a more normalized condition between the two economic superpowers. What the U.S. needs above all, at a minimum, is less restriction covering the export of rare earths from China. What China needs in exchange, at a minimum, will be increased access to high-end, AI-capable, semiconductor chips, largely designed by the likes of Nvidia (NVDA) and Advanced Micro Devices (AMD) , as well as others. Both of those companies are U.S.-based and just happen to be led by Taiwanese Americans. Interestingly, with U.S. equity markets up only slightly on Monday, the Philadelphia Semiconductor Index soared 1.96%, led by AMD and ON Semiconductor ON. Those two stocks gained 4.77% and 4.41% respectively. Markets had rallied. Markets sold off sharply into the closing bell on Monday, closing up small. Trading volumes increased from Friday's level but remained below recent averages. At least, there was something of a rebound across Treasury debt markets. The yield paid by the U.S. Ten-Year Note dropped two basis points to 4.48%, while the U.S. Two-Year Note paid an even 4% (-3 basis points) by day's end. These yields have continued to fall overnight. On Monday, the S&P 500 gained just 0.09%, as the Nasdaq Composite closed 0.31% higher. Small-cap stocks outperformed the broader marketplace with the Russell 2000 adding 0.57%. The Dow Transports also had a nice day, gaining 0.67%. The Dow Jones Industrial Average, which is literally followed by no one at all in 2025, and has not been followed closely by traders since the early 1990's, closed down small on the day. Only four of the 11 S&P sector SPDR ETFs closed in the green on Monday led by the Consumer Discretionaries XLY. The Utilities XLU led the losers as the more defensive sectors continue to underperform. No single fund among the eleven gained more than 0.8% or lost more than 0.64%. "Meh" was the word of the day. Breadth was rather strong, with winners beating losers by 7 to 4 at the NYSE and by 3 to 2 at the Nasdaq. Advancing volume took a commanding 74.9% share of composite Nasdaq-listed trade and a 61.3% share of composite NYSE-listed activity. While that's nice, as mentioned above, trading volume remained sort of light. Aggregate trade across the membership of the S&P 500 fell a rough 12% short of the 50-day trading volume simple moving average for that index. Not exactly. The bromance may have ended, but when asked if he would be willing to speak with Elon Musk, the former head of DOGE, President Trump on Monday said, "I'd have no problem with it. I'd imagine he wants to speak with me." The two entered into a bizarre feud last Tuesday as Tesla (TSLA) and SpaceX CEO Elon Musk attacked the president's "big, beautiful bill" online and the two went back and forth with the slinging of mud on their competing social media platforms. Musk was the first to back away from comments he had made and appeared to be looking for an opening to at least call a truce if not patch things up as he had put a number of his businesses in serious jeopardy. Now that the president seems to have cooled off as well, perhaps companies such as SpaceX will remain on solid footing with the federal government, who is a major client. This is why Tesla shares rallied 4.55% on Monday and this is why Rocket Lab USA (RKLB) , a SpaceX competitor, closed up 3.49%, but down more than 9% from its high of the day. The Disney (DIS) Bundle will be complete. The Walt Disney Company announced on Monday that it had closed its deal to fully acquire Comcast's (CMCSA) remaining stake in the Hulu streaming service. This leaves Disney with 100% ownership of Hulu and 100% ownership of the Disney Bundle that includes Disney + and ESPN +, which in this consumer's opinion, is the best value in streaming. Disney will pay $438.7 million to Comcast, the company revealed in a filing with the Securities and Exchange Commission, which is far less than the investment bank hired by Comcast had valued this remaining stake in the streaming service at. That appraiser was supposedly looking for an additional payment of up to $5 billion. Disney had previously paid $8.61 billion to Comcast in late 2023 for that company's stake in Hulu based on a 2019 valuation. This payment closes the deal completely. 06:00 - NFIB Small Biz Optimism Index (May): Expecting 95.9, Last 95.8. 08:55 - Redbook (Weekly): Last 4.9% y/y. 4:30 p.m. - API Oil Inventories (Weekly): Last -3.3M. Fed Blackout Period. Before the Open: CNM (.54), SJM (2.25) After the Close: GME (.04) At the time of publication, Guilfoyle was long NVDA, AMD, RKLB equity. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
