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Stock market today: Nasdaq ends lower as chip names dive; Meta soars on this news
Stock end mixed amid key jobs data and Fed chief Kevin Warsh's comments. Micron and Meta are among session movers.
The major averages ended lower Wednesday, with the Dow closing just below the flatline after erasing a 423.46-point jump that brought it to record highs.
US markets opened slightly higher after a weaker-than-expected June jobs report eased concerns over aggressive Federal Reserve rate hikes. The Dow, S&P 500, and Nasdaq all posted modest gains, reflecting improved investor sentiment on hopes of a softer policy outlook.
U.S. private employers added 98,000 jobs in June, according to ADP, as investors await Thursday’s payrolls report for clues on the labor market and interest rates.
The S&P 500 rose 0.3%. The Nasdaq rose 0.1%. The U.S. economy added fewer jobs than economists expected in June, but unemployment dipped to 4.2%. The yield on the 2-year Treasury note fell to 4.15%. The 10-year yield was up to 4.
Live Updates Market Gainers 11 hours ago Here’s a roundup of some of today’s top market gainers: Meta Platforms (Nasdaq: META) up 11.1% AppLovin (Nasdaq: APP) Up 10.5% Coinbase (Nasdaq: COIN) Up 9.8% Palantir (Nasdaq: PLTR) Up 9.
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Stock market today: Dow, Nasdaq, S&P 500 futures fall as Iran rules out direct talks with US
U.S. stock futures declined on Wednesday, as the Dow Jones, Nasdaq 100, and S&P 500 indices fell, following Tuesday’s higher close. Market sentiment faced fresh geopolitical pressure as Iran ruled out direct talks with U.
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SpaceX to join the Nasdaq-100 in a fast-tracked process that will drive huge ETF buying demand
Adding SpaceX this quickly would make the Elon Musk company one of the first beneficiaries of Nasdaq's recently adopted fast-track inclusion framework.
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the consumer discretionary - apparel and accessories stocks, including ThredUp (NASDAQ:TDUP) and its peers.
Shares of Micron Technology (NASDAQ:MU | MU Price Prediction) are down 8% to $1,061.44 in Wednesday morning trading, while SanDisk (NASDAQ:SNDK) stock has slid 10% to $2,051.10 and Western Digital (NASDAQ:WDC) shares have dropped 7% to $595.
