Broadcom reported 24% annual revenue growth driven by data center and enterprise infrastructure demand amid the AI expansion. Broadcom reported $63.9 billion in revenue for fiscal 2025, a 24% increase from the prior year, as demand for AI-driven data center and networking
The SPDR S&P Dividend ETF has gained 12.6% year-to-date, while software stocks lag amid broader market shifts. The SPDR S&P Dividend ETF (SDY) has risen 12.6% year-to-date, extending its lead over the iShares Expanded Tech-Software ETF, which has fallen 11.4% in the same p
Morgan Stanley’s $8.52 billion in recurring wealth fees and 27.1% ROTCE contrast with JPMorgan’s rising card charge-offs and $11 billion in nonperforming loans. Morgan Stanley reported $8.52 billion in wealth management fees for Q1 2026, driven by $118.4 billion in net new
Tokenized stocks market value grows to $1.67 billion Ondo has introduced tokenized equities with onchain shareholder voting, accompanying the launch of its first US custodial tokenized securities. The assets include tokenized versions of BlackRock's iShares Core S&
Lower borrowing costs may support housing demand as summer activity is projected to rise amid easing rates. Average 30-year fixed mortgage rates fell to 6.43% as of July 2, marking the lowest level in seven weeks. The decline from 6.49% last week and 6.67% a year ago refle
Eighteen healthcare stocks now represent over a third of Investor's Business Daily's elite growth tracker, signaling a shift from tech. Healthcare stocks accounted for 36% of the IBD 50 list of leading growth names as of July 2, up from recent periods. The tracker included
Micron’s fiscal third-quarter results exceeded expectations, driven by strong AI-related memory chip demand and tight supply conditions. Micron Technology reported fiscal Q3 revenue of $41.5 billion, a 346% year-over-year increase, as AI-driven demand for memory chips outp
SanDisk, Seagate, and Micron shares drop as traders trim exposure amid fears of a memory chip supply glut. SanDisk, Seagate, and Micron shares fell sharply in midday trading, extending losses as the memory sector faces oversupply fears. SanDisk led declines with an 11% dro
The Nasdaq fell 0.74% after failing to hold above its 200-hour moving average, erasing earlier gains and shifting momentum to sellers. The Nasdaq Composite reversed sharply from a session high of 26261.09, closing down 192 points or 0.74% at 25848.23. The decline erased a
The S&P 500 surpassed 7,500 after reclaiming short-term moving averages, signaling renewed momentum in the broader market. The S&P 500 extended its uptrend, closing above 7,500 on Thursday after storming past its short-term moving averages. The move marks a rebound from ea
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