Musk Loses in Court, Home Depot Earnings, DOJ's 'Lawfare' Fund and More in Morning Squawk
Elon Musk’s lawsuit against OpenAI was dismissed after a jury ruled it fell outside the three‑year statute of limitations, ending a high‑profile Silicon Valley clash. Seagate’s stock slumped nearly 7% as its CEO warned of factory‑build delays, pulling down other memory makers. Home Depot reported first‑quarter earnings that beat expectations and reaffirmed its full‑year outlook, highlighting resilient homeowner spending despite broader consumer headwinds. The Justice Department agreed to a $1.8 billion anti‑weaponization fund after Donald Trump settled a $10 billion IRS suit, sparking political backlash.
Stocks Fall for Third Day as Semiconductor Shares Erase Rebound
U.S. equities slipped for a third consecutive session as bond yields rose and inflation concerns deepened. The S&P 500 fell 0.7% and the Nasdaq 100 dropped 0.6%, reflecting a broader risk‑off mood. Semiconductor stocks erased earlier gains, with Nvidia sliding ahead of...
Stocks Ticking Lower. Oil Moving Higher.
U.S. equities slipped late in the session as the S&P 500 slid to an intraday low of 7,360.38, down about 0.6%, and the Nasdaq fell 1.1% to 25,925. Technical analysis shows the Nasdaq breaking below a rising‑channel trendline, turning prior...
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Stock Market Today: Indexes Pull Back to Begin Week as Tech Shares Fall; Treasury Yields Remain Elevated
Major US stock indexes slipped on Monday as the tech‑heavy Nasdaq fell 0.7% and the S&P 500 slipped 0.3% ahead of a busy earnings week. The decline came amid a jump in oil to about $107 a barrel and the 10‑year...
Inflation Uptick Is Starting to Send Sell Signals to Stock Bulls
Wall Street strategists say the post‑earnings rally is losing steam as inflation and higher oil prices revive rate‑hike concerns under new Fed Chair Kevin Warsh. A sharp sell‑off hit the most rate‑sensitive stocks, with the Russell 2000 down 2.4% and unprofitable...
Stock Market Today: Nasdaq Falls, S&P 500 and Dow Waver as Inflation Fears Grip Markets
U.S. stocks were mixed on Monday, with the S&P 500 down about 0.1% and the Dow and Nasdaq hovering near flat after an early green start. The headline was NextEra Energy’s $66.8 billion all‑stock acquisition of Dominion Energy, which would create the...
U.S. Stock Futures Slip, Oil Prices Push Higher as Iran War Remains Stuck in Stalemate
U.S. stock‑index futures slipped modestly on Sunday as West Texas Intermediate crude surged toward $107 a barrel, reflecting heightened tension in the Iran‑Hormuz standoff. The conflict has pushed U.S. gasoline to $4.51 per gallon, stoking inflation worries that rose to...
Nvidia Is Getting some Help as It Props up S&P 500 Earnings Growth
Nvidia is slated to add 12.5% to the S&P 500’s quarterly earnings growth, its smallest contribution in a year but still the largest single driver. Micron Technology follows as the second‑largest contributor, lifting index earnings by an additional two percentage points...
Dow Loses More than 500 Points Friday as Tech Slumps and Yields Spike: Live Updates
U.S. equities closed sharply lower on Friday, with the Dow Jones Industrial Average shedding 537 points (1.07%) to 49,526, while the S&P 500 and Nasdaq fell 1.24% and 1.54% respectively. A surge in oil prices—Brent above $108 a barrel—lifted the 30‑year...
Stocks and Bonds Are Swept up in Selloff as Trump’s China Visit Fails to Pry Open Strait of Hormuz
U.S. markets plunged after President Donald Trump returned from a Beijing summit without securing Chinese support to persuade Iran to reopen the Strait of Hormuz. Global oil prices surged past $109 a barrel, reigniting concerns of a 2022‑style inflation spike....
Wall St Down at Open as Yields Jump on Inflation Worries
U.S. equity markets opened lower on Friday as Treasury yields spiked amid heightened inflation worries tied to the Middle East conflict. The S&P 500 slipped 56.1 points (‑0.75%) to 7,445.11, while the Nasdaq fell 346.3 points (‑1.30%) to 26,288.9. The Dow...
Stock Futures Slide as Inflation Jitters Bring Rally to a Halt
U.S. stock futures slipped on Friday as bond yields rose, halting a six‑week rally fueled by AI‑related inflows. The S&P 500 futures fell 1.1% and Nasdaq 100 futures dropped 1.6% after the 10‑year Treasury yield climbed to 4.55%, a 12‑month high. Analysts...
Nvidia's Trillion-Dollar Run Puts Pressure on the Bulls
Nvidia’s market value surged to just under $5.7 trillion after a 20 % rally since May 5, spurred by U.S. clearance for Chinese firms to buy its H200 AI processors. The jump has inflated options exposure, with $40 billion of delta versus $4 billion of...
Dow Climbs 370, Nasdaq Gains 233, S&P 500 Adds 57
U.S. equities surged Thursday as the Dow Jones rose 370 points, the Nasdaq added 233 points and the S&P 500 climbed 57 points to post a second consecutive record high. The rally was sparked by Cisco Systems beating profit forecasts,...
Cisco Sends Nasdaq, S&P 500 to New Highs: Stock Market Today
U.S. equity markets hit fresh all‑time highs on Thursday as mega‑cap tech stocks surged. Cisco Systems reported earnings of $1.06 per share on $15.8 billion revenue, beating forecasts and sending its shares up 13.4%, the strongest day since 2020. The company...
US Stock Market Today: S&P 500, Dow Futures Gain up to 0.8% as AI Rally Regains Momentum; Cisco Jumps 17%
U.S. equity futures turned positive on Tuesday, with the S&P 500 and Dow futures climbing as much as 0.8% and the Nasdaq 100 up 0.7%. The rally was anchored by a renewed AI‑driven buying spree and a standout earnings report from Cisco,...
Stock Market Today: Dow Trades Above 50000 as Investors Focus on AI Trade
The Dow Industrial Average pushed past the 50,000 mark as AI‑centric stocks led the rally. Cisco Systems surged 15% after announcing job cuts to reallocate resources toward artificial‑intelligence initiatives. Meanwhile, Cerebras Systems doubled its share price on debut, igniting a...
ASX Set to Slide, Wall Street Boosted by Tech Stocks; Warsh Narrowly Confirmed as New Fed Chair
Wall Street edged higher on Wednesday as technology stocks, led by Nvidia, lifted the S&P 500 0.8% toward a fresh all‑time high, while the Dow slipped modestly. In contrast, Australian markets were set to open lower, with ASX futures indicating a...
Stock Movers: Nvidia, Wix.com, Birkenstock (Podcast)
Nvidia’s stock climbed as CEO Jensen Huang joined President Donald Trump on a diplomatic trip to China, prompting investors to anticipate modest S&P 500 moves of about 0.7% on the meeting days. Wix.com saw its shares tumble after a first‑quarter earnings...
S&P 500 Opens Muted as Hot Inflation Data Signals Rates to Stay on Hold
Hot producer‑price data released on May 13 showed a 0.6% month‑over‑month increase, outpacing expectations and reinforcing market bets that the Federal Reserve will keep its policy stance restrictive for the remainder of the year. The S&P 500 opened modestly higher, gaining 0.11%...
Stocks Waver as Traders Weigh Hot PPI Against AI’s Profit Boom
U.S. equities slipped on Wednesday as a hotter‑than‑expected Producer Price Index added fresh inflation pressure, pulling the S&P 500 down 0.2% by mid‑morning. The Nasdaq 100 hovered near flat, while chipmakers, optical and storage firms managed to preserve gains amid tightening global...
Under Armour Sees Another Weak Year as North America Struggles, Shares Slump
Under Armour warned that fiscal 2027 revenue will likely slip, marking a fourth consecutive year of sales decline, and projected adjusted profit per share of just 8‑12 cents, far below the 23‑cent consensus. The company extended its restructuring program, now...
Investors Pull in on Chip Stocks After Hot Inflation: Stock Market Today
April's CPI rose 0.6% month‑over‑month and 3.8% year‑over‑year, with a 3.8% jump in the energy index driving the hottest inflation reading since May 2023. The surge pushed markets into a risk‑off mode: blue‑chip stocks nudged the Dow up 0.1%, while the...
Cisco Systems Taps Record High Before Earnings
Cisco Systems (CSCO) briefly touched a record $99.93 before settling at $98.44 as investors await its fiscal third‑quarter earnings report due after market close on May 13. Zacks Research projects earnings per share of $1.04 on revenue of $15.58 billion, a...
Tech Stocks Struggle: Utilities and Consumer Defensive Sectors Rise
Technology shares retreated sharply on the day, led by Micron down 6.07% and Intel falling 7.05%, as supply‑chain worries and waning demand weigh on the semiconductor segment. In contrast, defensive plays rallied: Walmart rose 1.55%, Costco 1.72%, and Eli Lilly gained...
Goldman Sachs Says the S&P 500's Run Past 7,100 Is 'Froth' — a Previous Time Wall Street Said that, a...
Goldman Sachs warned that the S&P 500’s recent climb past 7,100 is driven by market “froth” rather than solid fundamentals. The bank’s traders see the rally as unsustainable, citing the resurgence of the Iran‑related conflict and rising oil prices. Inflation rose...
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Stock Market Today: Indexes Pull Back After Core CPI Hotter Than Expected; Oil Prices Rise on Tenuous US-Iran Ceasefire
U.S. equity indexes slipped Tuesday as April's core CPI rose to 2.8% year‑over‑year, beating the 2.7% consensus and nudging the Fed’s inflation battle into sharper focus. The Dow, S&P 500 and Nasdaq each fell between 0.6% and 0.8% in early trade....
Inflation Shock: US Stock Futures Drop as Oil Surges Amid Middle East Tensions
U.S. stock futures opened lower as April CPI rose 3.8% YoY, slightly above expectations, pushing the 10‑year Treasury yield near 4.45%. The surge in oil prices—WTI at $101.60 and Brent at $107.70—was driven by stalled U.S.–Iran talks and concerns over...
Stock Market Today: Dow Drops, Nasdaq Falls On $100 Oil, South Korea AI News; Inflation Pops (Live Coverage)
U.S. equity markets retreated on Tuesday as crude oil surged toward $102 a barrel, pushing the Dow down 0.8% and the Nasdaq off 0.6%. The April CPI report showed core inflation steady at 2.8% year‑over‑year, reinforcing price‑rise concerns. A South...
Ed Yardeni Boosts S&P Target Amid ‘Unprecedented’ Earnings Expectations
Ed Yardeni raised his S&P 500 target, citing unprecedented earnings expectations that could deliver 24% full‑year earnings growth after an 18% YoY jump in Q1. He highlighted the semiconductor sector’s 18% weighting and record‑high earnings outlook for small‑ and mid‑cap stocks,...
US Premarket Movers for May 12, 2026
U.S. equity futures opened lower on May 12, with the S&P 500 Index futures down about 0.4% by early New York trading. The slide was driven primarily by a pullback in high‑flying technology shares that had surged in recent sessions....
EBay Rejects GameStop’s $55 Billion Takeover Bid
eBay rejected GameStop’s proposal to merge in a cash‑and‑stock transaction valued at roughly $55 billion, describing the offer as neither credible nor attractive. GameStop, a retailer four times smaller than eBay, unveiled the bid last week, sparking confusion over its financing...
Stock Market Today: Nasdaq Leads Stock Losses After Jump in April Inflation
The Nasdaq composite fell sharply as April consumer‑price inflation rose to 3.8% year‑over‑year, edging above the 3.7% forecast and driven largely by higher gasoline costs. The hotter‑than‑expected CPI data cooled the tech‑led rally that had propelled U.S. equities higher in...
Stock Market Today: Nasdaq, S&P 500, Dow Fall as Wall Street Weighs CPI Inflation Print
U.S. equities slipped Tuesday as the Nasdaq fell 1.2% and the S&P 500 dropped 0.7% after posting record highs, driven by a hotter‑than‑expected April CPI that showed 3.8% year‑over‑year inflation, the strongest since May 2023. The higher‑than‑forecast core CPI (0.4% month‑over‑month, 2.8%...
Stock Market Today: Nasdaq, S&P 500, Dow Futures Fall as Wall Street Braces for CPI Inflation Data
U.S. stock futures slipped on Tuesday as the tech‑heavy Nasdaq 100 fell 0.7% and the S&P 500 slipped 0.4% ahead of the April Consumer Price Index release. Investors are watching the CPI, expected to rise 3.7% year‑over‑year, for clues on...
Jim Cramer Says Today’s Market Is Punishing Stocks Harder than 1999
CNBC host Jim Cramer warned that today’s equity market is penalizing underperforming stocks more severely than during the 1999 dot‑com bubble. While the S&P 500 and Nasdaq posted fresh record closes, gains are concentrated in artificial‑intelligence and data‑center names, leaving a...
Wall Street Inches to Higher Close, AI Fervour Edges Out Iran Impasse
U.S. equities closed modestly higher on May 11, with the S&P 500 and Nasdaq each extending a streak of record closes. AI‑related stocks led the rally, as the PHLX Semiconductor index jumped 2.6% while energy stocks posted the largest sector gains amid...
Stocks and Bonds Hold Losses After Inflation Data: Markets Wrap
JPMorgan warned that inflation will remain persistently higher after the latest CPI report highlighted elevated energy costs and supply disruptions linked to the war in Iran. The data pushed U.S. equities lower, eroding gains from all‑time highs, with chipmakers leading...
Stocks Are Hitting Record Highs Even as Iran War Drags On. How Long Can It Last?
U.S. equities pushed to fresh record levels on Monday as the S&P 500 closed above 7,400 for the first time, while the Nasdaq also posted a new high. The rally unfolded despite oil climbing above $104 a barrel and the Cboe...
Dow Jones Futures: Techs Fall On $100 Oil, South Korea AI Comments; CPI Inflation Due
Dow Jones futures slipped 0.1% while the S&P 500 fell 0.4% and Nasdaq futures dropped 0.9% as crude oil surged past $100 a barrel. In South Korea, a presidential adviser floated an “AI dividend” from excess artificial‑intelligence profits, sending the memory‑chip‑heavy...
Stock Market Today: Dow Up As Trump Gives Iran Warning; Michael Burry Says This As Micron Soars (Live Coverage)
U.S. equity markets nudged higher on Monday, with the Dow up 0.2%, the S&P 500 reaching a fresh all‑time high above 7,400, and the Nasdaq climbing 0.1% to a new peak. The gains came amid President Trump’s warning that the U.S.–Iran...
Trump Rejects Iran's Proposal, Alphabet's Rally, Target 'Baby Boutiques' And More in Morning Squawk
President Donald Trump dismissed Iran’s counter‑offer to a U.S. peace plan, sending oil futures higher as investors brace for a prolonged Middle‑East conflict. Alphabet surged 160% over the past year, briefly overtaking Nvidia’s market value amid aggressive AI‑related equity bets....
Upside Chasing in Tech Stocks Surges to Covid Extremes
The S&P 500 climbed over 9% in the past month, driven almost entirely by a 20% surge in the technology sector. Meanwhile, index volatility has stayed muted even as single‑stock volatility spikes, pushing the VIX‑VIXEQ spread to the 98th percentile. Retail...
U.S. Stock Futures Fall, Oil Surges as Trump Calls Iran’s Latest Offer to End War ‘Totally Unacceptable’
U.S. stock‑index futures slipped on Sunday after President Donald Trump labeled Iran’s latest response to a U.S. peace proposal “totally unacceptable,” reviving concerns over Middle‑East tensions. The comment coincided with West Texas Intermediate crude climbing above $100 a barrel, while...
Market Guru Yardeni Sees S&P 500 Hitting 8,250 This Year, Highest Among Top Wall Street Forecasters, as Earnings Bolster ‘Roaring...
Yardeni Research President Ed Yardeni raised his S&P 500 year‑end target to 8,250, an 11.5% jump from the current level and the most bullish among leading Wall Street forecasters. The upgrade reflects an 8% year‑to‑date market gain and a revised...
US Equity Resilience to Geopolitics Shows that We Have Irreversibly Entered the Tech Age
U.S. equities have shrugged off the Iran‑related oil shock and broader geopolitical uncertainty, with the S&P 500 and Nasdaq reaching fresh all‑time highs. The market’s resilience stems not from traditional safe‑haven dynamics but from the dominance of technology firms, which now...
Stocks Are Walking a Tightrope to Fresh Record Highs — as a Handful of Names Do Most of the Heavy...
U.S. equities are inching toward fresh record highs, largely propelled by a tight group of mega‑cap tech firms whose stellar Q1 earnings have offset concerns about a prolonged Iran conflict. Oil prices remain anchored near $100 a barrel, eroding household...
Jim Cramer Makes a Bold Call on AI as Stocks Waver
On May 7 the Dow, S&P 500 and Nasdaq slipped after hitting record intraday highs, as geopolitical tension and rate concerns sparked a pullback. Jim Cramer argued the dip is a normal cool‑down and that massive AI infrastructure spending will keep...
Stock Market Week Ahead: Dow Jones Breakout Watch
The Investor’s Business Daily preview highlights a potential breakout for the Dow Jones Industrial Average as several leading Dow stocks form bases and the DIA ETF hovers just below a cup‑with‑handle buy point. Upcoming earnings include Cisco, nuclear‑energy firms Constellation...
The Nasdaq's Top Winners Are Now Running Hotter than in 2000: Chart of the Day
BTIG data shows the Nasdaq 100’s ten biggest gainers have delivered an average 784% return over the past year, eclipsing the 622% average of the index’s top performers during the 1999‑2000 dot‑com surge. The modern list is dominated by AI‑infrastructure, memory...