Category: EOD Summary
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Cooler Inflation and Strong Bank Earnings Lift S&P 500 and Nasdaq, but IBM Plunge Keeps Dow Flat
Wall Street closed mostly higher on Tuesday as a cooler-than-expected inflation report and solid results from the country’s biggest banks gave investors reason to keep buying, even as a profit warning from IBM held the Dow Jones Industrial Average in check. The Nasdaq Composite led the way, while the S&P 500 also notched a solid…
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Dow, S&P 500 and Nasdaq Slide as Trump Reimposes Iran Blockade and Oil Prices Surge
Wall Street closed lower on Monday as President Trump’s decision to reinstate a naval blockade on Iranian shipping through the Strait of Hormuz sent oil prices sharply higher and rattled investors already nervous about stretched valuations in the technology sector. All three major indexes finished in the red, with semiconductor stocks leading the retreat while…
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Dow, S&P 500 and Nasdaq Close Higher as SK Hynix’s Blockbuster Nasdaq Debut Lifts Chip Stocks
Wall Street closed higher for a second straight session on Friday, with all three major indexes finishing in positive territory as investors cheered a massive initial public offering from memory chipmaker SK Hynix and kept an eye on fragile ceasefire talks between the United States and Iran. Both the S&P 500 and Nasdaq Composite notched…
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Wall Street Rallies as Chip Stocks Rebound and Oil Prices Ease Despite Iran Tensions
US stocks closed higher on Thursday as investors looked past a renewed flare-up in US-Iran hostilities and instead focused on a rebound in semiconductor stocks ahead of SK Hynix’s much-anticipated Nasdaq trading debut. Falling oil prices helped calm nerves even as the US and Iran traded fresh strikes during the session, with all three major…
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Dow Sheds Nearly 600 Points as Trump Declares Iran Ceasefire “Over,” Oil Prices Surge
Wall Street closed mixed but broadly lower on Wednesday after President Trump said the fragile ceasefire between the United States and Iran was effectively finished, sending oil prices sharply higher and rattling stocks tied to the broader economy. The Dow Jones Industrial Average and S&P 500 both fell, while the tech-heavy Nasdaq Composite managed to…
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Chip Selloff Snaps Winning Streak as Samsung Miss Sends Nasdaq Sliding
Wall Street’s rally cooled off on Tuesday as a fresh wave of selling hit semiconductor stocks, ending the Dow’s run of record closes. A disappointing reaction to Samsung Electronics’ earnings overnight reignited worries that chip and AI-infrastructure valuations have gotten ahead of themselves, dragging the tech-heavy Nasdaq Composite to its worst day in weeks. Rising…
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Dow Closes Above 53,000 for the First Time as AI Rally Lifts Wall Street
Wall Street kicked off the first full trading week of July with gains across the board, as renewed confidence in the artificial intelligence trade lifted technology and semiconductor stocks and helped the Dow Jones Industrial Average close above 53,000 for the first time. Coming off a holiday-shortened week that ended with the Dow at a…
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Dow Hits Record High as Weak Jobs Report Fuels Rally, Nasdaq Slides on Tech Selloff
Wall Street closed out a shortened trading week with a split verdict on Thursday. The Dow Jones Industrial Average powered to a fresh record high, while the Nasdaq Composite and small-cap stocks slid as a weaker-than-expected June jobs report sent investors rotating out of high-flying technology names and into steadier, rate-sensitive sectors. Markets are closed…
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Stocks Slip to Start the Third Quarter as Fed Chair Warsh Offers No New Clues
U.S. stocks closed lower on Wednesday, giving back an early rally as investors weighed soft private-sector hiring data and a lack of fresh guidance from Federal Reserve Chair Kevin Warsh on the path of interest rates. The pullback came a day after major indexes wrapped up their strongest quarter since 2020, and traders spent the…
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Stocks Rally to Close Out Strong Quarter as Iran Ceasefire Lifts Sentiment
Wall Street closed out the second quarter on a high note Monday, with all three major indexes finishing firmly in positive territory as a combination of renewed confidence in the AI trade and welcome geopolitical relief gave investors reason to buy. The Dow Jones Industrial Average climbed to a fresh all-time high, capping what many…