Broadcom’s $16 billion AI chip revenue forecast falls short of $17 billion estimates, triggering a sector-wide decline. Semiconductor stocks extended losses ahead of the Wall Street open, led by Broadcom’s disappointing AI revenue guidance. The company projected $16 billio
BNY’s Bob Savage notes that both retail and institutional investors bought the April weakness in US equities, but momentum has faded and exposure to energy and technology is elevated. He highlights June quarter-end and half-year-end rebalancing as a key driver, with liquid
SpaceX’s anticipated S&P 500 inclusion stalls, deferring an estimated $14 billion in passive fund investments. SpaceX’s expected addition to the S&P 500 index has been delayed, disrupting plans for an estimated $14 billion influx from passive investors. The decision follow
The index climbed 0.41% as 363 constituents advanced, offsetting a 12.59% drop in Broadcom and semiconductor declines. The S&P 500 gained 0.41% as market breadth improved, with 363 of its constituents advancing—the strongest participation since April. The equal-weighted in
Dow Jones futures fall 0.04% to near 51,650 Dow Jones futures edged lower due to a cautious mood ahead of the US Nonfarm Payrolls report. The futures inched lower 0.04% to near 51,650. S&P 500 futures fell 0.64% to near 7,550, while Nasdaq 100 futures plunged 1.23%
Dow Jones futures inch lower 0.04% to near 51,650, while S&P 500 futures fall 0.64% to near 7,550. And Nasdaq 100 futures plunge 1.23%, trading near 30,110 during the European hours on Friday, ahead of the US regular opening US stock futures declined amid ongoing un
Nasdaq futures stalled at 30244, reinforcing a bearish outlook as selling pressure persists below key resistance levels. Nasdaq futures attempted to recover toward 30244 but failed to sustain momentum, closing the latest 30-minute bar at 30142.25 after probing 30131.50. Th
Halifax house prices -0.1% vs +0.1% m/m expected Prior -0.1% UK house prices dipped a little in May, with the average property price dropping to £298,806 compared with £299,251 in April. The annual growth continues to hold up by 0.5% though, reaffirming continued resilienc
Binance offers $200K in rewards for Sealcoin traders Binance has launched a trading competition for Sealcoin, offering rewards to participants. The competition is open to users who trade Sealcoin on Binance Alpha. Rewards total $200K, with eligible users ab
Repo rate remains at 5.25% The Reserve Bank of India decided to keep the repo rate unchanged at 5.25% after its June monetary policy meeting. The decision was in line with market expectations. The unchanged rate may influence the Indian Rupee's performance this w
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