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South Korea's KOSPI Composite Index (^KS11), which contains SK Hynix (000660.KS) and Samsung (005930.KS), sank by just below 10% on the declines from both of these memory chipmakers. Yahoo Finance Markets and Data Editor Jared Blikre takes a closer look at the broader chip and semiconductor sector amid Tuesday's tech sell-off.
Losses spread globally as investors questioned soaring valuations and spending on AI infrastructure
Lennox International has underperformed the Dow over the past year, but analysts are cautiously optimistic about the stock’s prospects.
The S&P 500 Index ($SPX ) (SPY ) today is down -1.26%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.69%. September E-mini S&P futures (ESU26 ) are down -1.14%, and September E-mini Nasdaq futures...
Pfizer (NYSE:PFE) reported that its late stage lung cancer drug sigvotatug vedotin did not significantly improve overall survival in a pivotal Phase 3 trial. The trial compared sigvotatug vedotin to standard chemotherapy docetaxel in patients with metastatic non squamous non small cell lung cancer. The drug, part of the Seagen portfolio acquired for US$43b, showed a manageable safety profile and encouraging signals in a subset of patients, but the main efficacy goal was not met. For Pfizer,...
US stocks (^DJI, ^IXIC, ^GSPC) are selling off on Tuesday, the Nasdaq Composite in particular being dragged down heavily by Big Tech losses. Micron Technology (MU) has dropped by as much as 12%, while still maintaining gains of over 270% in 2026 ahead of its fiscal third quarter earnings this Wednesday. Mariner Wealth Advisors chief investment strategist and head of equities Jeff Krumpelman discusses what he is seeing out of the tech sector in the broader market picture.
NVTS' AI story may be only half the picture as grid upgrades open a $1-$1.8B SiC opportunity tied to rising data center power demand.
Barchart’s senior market strategist explains what’s going on at market open and what catalysts investors should be watching next amid an ugly selloff.
SpaceX shares have slipped below $150, the level at which they first opened on June 12, when the stock went public. Stock in Elon Musk's rocket company plunged 16% yesterday—its biggest one-day decline since its blockbuster IPO.
SpaceX shares (SPCX) fell below the $150 IPO price, with the market cap falling below $2T for the first time since public market debut.
It’s a rough day for stocks that have benefited from the AI rally this year. These stocks are among the deepest in the red this morning: Chip makers: Micron Technology is down 12%. Advanced Micro Devices, Marvell Technology and Qualcomm fell between 6% to 9% at the opening bell.
Oracle Corp (NYSE:ORCL, XETRA:ORC) has reduced its workforce by about 21,000 employees over the past year, citing the deployment of artificial intelligence technologies across its operations, according to its annual filing. The software and cloud company employed approximately 141,000...
June 23 (Reuters) - Wall Street's main indexes opened lower on Tuesday, following sharp losses in megacap and semiconductor stocks as investors braced for a more hawkish Federal Reserve and
A selloff in highflying semiconductor stocks gripped Wall Street Tuesday morning. The Nasdaq Composite tumbled 2.4%. The S&P 500 fell 1.6%. The Dow dropped 371 points, or 0.7%. The Nasdaq 100 was on pace to shed more than $1 trillion in market cap.
Shares of SanDisk (NASDAQ:SNDK) are leading a sharp memory-chip selloff Tuesday morning session, with SanDisk stock down 11% to $2,027.50. The decline comes one day after the stock closed at a record high, capping a stunning run higher. Micron Technology (NASDAQ:MU) stock is sliding alongside it, off 10% to $1,085, while Western Digital (NASDAQ:WDC) shares ... SanDisk Plunges 11%, Micron and Western Digital Slide 10% as Korean Market Crash Hits Memory Chips
Cruise ship company Carnival (NYSE:CCL) met Wall Street’s revenue expectations in Q2 CY2026, with sales up 5.3% year on year to $6.66 billion. Its non-GAAP profit of $0.41 per share was 22.2% above analysts’ consensus estimates.
e.l.f. Beauty (NYSE:ELF) has launched e.l.f. Hair, its first haircare line, expanding beyond its core cosmetics and skincare portfolio. The company is pairing this launch with selective price reductions on key products after earlier broad price increases were followed by weaker unit sales. e.l.f. Beauty is tying the new category to its digital engagement push, including activity on platforms such as Roblox, to reach younger consumers. e.l.f. Beauty operates in the mass cosmetics and...
Analyst Downgrade Highlights Near-Term Execution RisksNike (NYSE:NKE) shares slipped 1. 4% in premarket trading on Tuesday after Evercore ISI downgraded the sportswear giant to In Line from Outperform and reduced its price target to $46 from $57.
AG closes Del Toro mine sale to Sierra Madre in a cash-and-shares deal worth up to $60M, with milestone payments tied to resources and output.
Tech stocks led the losses on Tuesday as investors went risk-off.
<body><p>STORY: The European Commission plans to ramp up its probe into Meta, a Bloomberg report said. </p><p>The EU alleges the social media giant designs its platforms to be addictive to children. </p><p>The report said the bloc is preparing preliminary findings but has not set a date for the announcement.</p><p>It’s not the first time Meta has faced scrutiny from the commission. </p><p>It first opened a probe into the company under the Digital Services Act in May 2024, due to concerns it had not adequately addressed risks to children.</p><p>In April it charged Meta with breaching its tech rules…</p><p>And said the Instagram owner must do more to block children under 13 from accessing social networks. </p><p>The report said the EU is considering curbs similar to those announced by the UK and other countries after an expert panel delivers recommendations next month.</p><p>Meta and the European Commission did not immediately respond to Reuters requests for comment. </p><p>Reuters could not independently verify the report.</p><p>Meanwhile, a source told Reuters the social media giant is pushing for legal protection in Washington. </p><p>The source said Meta is lobbying U.S. lawmakers for language that would shield social media firms from certain claims tied to minors’ safety and privacy.</p></body>
Oracle disclosed a 2026 headcount of 141,000, down by 21,000 from a year earlier, after a round of AI-related layoffs.
Texas Pacific Land has trailed the broader S&P 500 Index over the past year, and Wall Street remains fairly bullish about the stock.
Samsung Electronics (005930) fell 12.31% to 310,000 KRW in Seoul, and SK Hynix (000660) dropped 12.47% to 2,555,000 KRW, with both stocks opening sharply higher before collapsing through the session. The magnitude of the moves helped push the KOSPI down roughly 9-10% from its recent record high, triggering a market-wide circuit-breaker trading halt. Nasdaq 100 futures were down more than 2% ahead of the US open, putting the index on pace to shed more than $1 trillion in market value, Reuters rep
The company spent $1.8 billion on restructuring costs as it cited AI deployment as a driver of workforce reductions
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