The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk's SpaceX dropped below $2 trillion in market cap for the first time since its U.S. debut. SpaceX, which is expected to join the Nasdaq 100, has lost more than $600 billion in market value in the past three sessions. It last had a market valuation of $1.95 trillion, if the day's losses hold.
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By Amanda Cooper LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to
Stocktwits data showed retail sentiment has turned cautious, sinking to ‘bearish’ on SPY and ‘neutral’ on QQQ.
Investing.com - Wall Street looks set for a weaker open as investors pull back from technology stocks amid growing concerns about higher interest rates and the massive spending required to sustain the artificial intelligence boom.
A key phrase was missing in the latest Federal Open Market Committee (FOMC) statement, and it has massive implications for the stock market.
The Morning Bull - US Market Morning Update Tuesday, Jun, 23 2026 US stock futures are mixed in early trade, with E-mini S&P 500 futures slightly down around 0.2% while Nasdaq futures are flat to modestly higher. A key driver is the US 10 year Treasury yield, which is sitting near 4.48% and indicates that borrowing costs for mortgages, credit cards, and companies remain relatively high. At the same time, investors are bracing for the PCE inflation report, the Federal Reserve's preferred cost...
June 23 (Reuters) - Contracts tracking the tech-heavy Nasdaq fell 2%, leading declines among Wall Street futures on Tuesday, as concerns around imminent rate hikes in the United States and debt-backed
Stock futures were tumbling on Tuesday as investors continued to ditch technology stocks, which took a battering the previous session after a Nobel Prize-winning scientist left Google parent Alphabet for artificial intelligence start-up Anthropic. Nasdaq 100 futures plunged 2%. Dow Jones Industrial Average futures fell 323 points, or 0.6%.
Asian equities fluctuated Tuesday following a tech-led sell-off on Wall Street as investors again questioned a long-running AI-fuelled boom, while crude largely held losses that came on the back of positive US-Iran talks.Tech firms -- the main driver of a surge across world markets as investors pile into all things AI -- took a hit in Asia.
The U.S. peace deal with Iran remains delicate, but investors seem to be too busy selling artificial intelligence stocks to notice. Iran war peace talks were fraught over the weekend—President Donald Trump threatened to restart the conflict and there was ongoing violence in Lebanon. With Wall Street largely optimistic that an end to hostilities will come sooner rather than later, tech was once again the real reason stocks were moving today.

<body><p>STORY: Wall Street's main indexes closed mostly lower on Monday, with the exception of the Dow, which gained just under a third of a percent. The S&P 500 shed more than a third of a percent, while the Nasdaq dropped over 1.3%.</p><p>Shares of Elon Musk's SpaceX weighed heavily on the Nasdaq, plummeting more than 16% for their biggest single-day decline. The rocket and AI company launched its first-ever debt offering on Monday and said it had roughly $100 billion in cash and cash equivalents as of last Friday. SpaceX's stock is still trading above its IPO price of $135.</p><p>Optimism over AI has supported Wall Street's recent rally, but Melissa Brown, managing director of investment decision research at SimCorp, said the rally could be nearing its peak.</p><p>"Momentum tends to beget more momentum. So stocks do well, they continue to do well until something happens and they stop doing well. And then typically the market peaks at that point... I do think, though, that this kind of blowout, this huge surge of trading volume does suggest that the peak is closer than farther away."</p><p>Among other tech names, shares of Alphabet fell 5% following news that Google DeepMind's senior research scientist and Nobel laureate John Jumper said he was leaving for AI startup Anthropic, the lab's latest high-profile exit.</p><p>Shares of Meta, Amazon and Microsoft also closed lower Monday.</p><p>The next test for the tech rally will be Micron Technology's quarterly results on Wednesday. Shares of the memory chipmaker are up nearly 300% this year.</p><p>Among other movers, shares of Apogee Therapeutics soared nearly 47% after AbbVie said it would acquire the biotech company for $10.9 billion in cash. Shares of AbbVie rose more than 6%.</p><p>Meanwhile, oil prices fell as peace talks between Washington and Tehran continued in Switzerland - though tensions persisted over Lebanon and the Strait of Hormuz.</p></body>
In the closing of the recent trading day, BigBear.ai Holdings, Inc. (BBAI) stood at $3.83, denoting a -2.3% move from the preceding trading day.
HCI Group (HCI) reached $167.42 at the closing of the latest trading day, reflecting a +2.32% change compared to its last close.
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $11.89, denoting a -3.18% move from the preceding trading day.
The latest trading day saw Wingstop (WING) settling at $156.74, representing a -3.12% change from its previous close.
In the closing of the recent trading day, Consolidated Water (CWCO) stood at $29.02, denoting a -2.91% move from the preceding trading day.
The latest trading day saw United Parcel Service (UPS) settling at $107.24, representing a +2.27% change from its previous close.
Symbotic Inc. (SYM) concluded the recent trading session at $40.2, signifying a -3.55% move from its prior day's close.
On June 22, 2026, Apogee Therapeutics shares surged as investors reacted to AbbVie's proposed acquisition terms.
SharkNinja, Inc. (SN) closed at $138.56 in the latest trading session, marking a -1.62% move from the prior day.
In the most recent trading session, Sony (SONY) closed at $19.51, indicating a -4.03% shift from the previous trading day.
In the latest trading session, Axon Enterprise (AXON) closed at $410.03, marking a -3.16% move from the previous day.
Cloudflare (NET) concluded the recent trading session at $218.38, signifying a -2.54% move from its prior day's close.
Owens Corning (OC) reached $124.62 at the closing of the latest trading day, reflecting a -2.75% change compared to its last close.