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Tech Stocks Go From Red to Green
The Wall Street Journal43d agoneutral
Tech Stocks Go From Red to Green

MARKETS PM NEWSLETTER This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here. What Happened in Markets Today Tech stocks rallied back after fizzling before the holiday.

Chip Stocks Bounce Back, Fueling Nasdaq Rally
Barrons.com43d agobullish
Chip Stocks Bounce Back, Fueling Nasdaq Rally

All three major indexes closed in the green Monday as chip stocks roared back. The tech-heavy Nasdaq notched a more than 1.1% gain and the S&P 500 rose 0.7% in the first trading day after the Fourth of July holiday. The Dow also closed in the green, up 156 points, or 0.3%, hitting a new record close for its second consecutive trading session.

The Monthly Income Trap: Why QQQI’s High Yield Requires Giving Up 6.5% In Upside
24/7 Wall St.43d agoneutral
The Monthly Income Trap: Why QQQI’s High Yield Requires Giving Up 6.5% In Upside

The NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI) has become a go-to vehicle for income investors who refuse to give up on big tech. The fund pairs ownership of the NASDAQ-100 with a written-call overlay, and the resulting monthly checks have run at roughly a 13.78% trailing twelve-month distribution rate on a $55.50 share price. The ... The Monthly Income Trap: Why QQQI’s High Yield Requires Giving Up 6.5% In Upside

The Second-Biggest Stock Sale in History Hits the Nasdaq Friday, and Chip Stocks Are Ripping
24/7 Wall St.43d agoneutral
The Second-Biggest Stock Sale in History Hits the Nasdaq Friday, and Chip Stocks Are Ripping

SK Hynix, the world’s second-largest memory-chip maker, is coming to the NASDAQ on Friday with the largest stock sale anyone has priced in years, and the chip complex is already pricing it in. CNBC’s Kristina Partsinevelos reported Monday that “SK Hynix plans to raise roughly $28 billion through an American depositary receipts, or ADR, on ... The Second-Biggest Stock Sale in History Hits the Nasdaq Friday, and Chip Stocks Are Ripping

Chip Stocks Still Below Levels Seen Before Last Week’s SellOff
Barrons.com43d agobearish
Chip Stocks Still Below Levels Seen Before Last Week’s SellOff

The PHLX Semiconductor Index is up 3.5%, fueling the Nasdaq and S&P 500’s respective 1.3% and 0.7% gains, but the chip index hasn’t climbed back to levels seen before last week’s selloff. Morgan Stanley Chief Investment Officer Mike Wilson said this underperformance in chip stocks is helping the broadening trade.