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Stock Markets
US futures edge lower after Dow record
United States stock futures edged slightly lower on Monday night (Tuesday AEST) after the Dow Jones Industrial Average closed at a record high, with investors turning their attention to a series of economic data releases due later on Tuesday. By 9:55 am AEST (11:55 pm GMT), futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 were each down around 0.1%. In extended trading, defence technology company AeroVironment surged 20.6% after reporting stronger-than-expected fiscal fourth-quarter results. The company posted adjusted earnings per share of $1.84, comfortably ahead of analysts' expectations of $1.46, while revenue rose to $641.6 million, exceeding forecasts of $555.97 million. Meanwhile, customer experience solutions provider Concentrix tumbled 22.3% after missing market expectations for its second-quarter results and issuing weaker-than-expected guidance. Concentrix reported adjusted earnings per share of $2.63, narrowly below the consensus estimate of $2.64, while revenue of $2.46 billion also fell short of the expected $2.47 billion. The company also forecast current-quarter earnings and revenue below analysts' estimates and lowered its full-year guidance for earnings, revenue and operatin
Stock Markets
Wall St rallies as M. East tensions ease
Wall Street closed higher on Monday (Tuesday AEST), with the Dow Jones Industrial Average reaching a record closing high as easing tensions between the United States and Iran, alongside a strong rebound in technology stocks, boosted investor sentiment. The Dow Jones Industrial Average gained 306.6 points, or 0.6%, to finish at 52,182.7. The S&P 500 advanced 86.4 points, or 1.2%, to 7,440.4, while the Nasdaq Composite climbed 522.5 points, or 2.1%, to 25,820.1. Market sentiment improved after hostilities between the United States and Iran eased over the weekend, although uncertainty remained over diplomatic negotiations. Iranian and U.S. negotiating teams were expected to meet in Doha this week, but Iran said no meeting had been scheduled as missile exchanges over the weekend tested the interim ceasefire aimed at ending the four-month conflict. The United States and Iran signed a memorandum of understanding on 17 June designed to end the conflict. Under the agreement, both sides committed to ceasing hostilities and reopening the Strait of Hormuz. Investors also turned their attention to the upcoming second-quarter earnings season, with most S&P 500 companies scheduled to begin reporting results after mid-July.
Stock Markets
US futures rise despite renewed M.East hostilities
United States stock futures moved higher on Sunday evening (Monday AEST) as investors assessed renewed military tensions between the United States and Iran, while preparing for a week featuring closely watched employment data and the start of another earnings reporting period. By 9:40 am AEST (11:40 pm GMT), Dow Jones Industrial Average futures were up 0.4%, S&P 500 futures gained 0.7%, and Nasdaq-100 futures advanced 1%. Market sentiment remained cautious after the United States launched strikes against Iranian military targets over the weekend in response to Tehran's latest attacks on shipping in the Strait of Hormuz. U.S. President Donald Trump confirmed the military action in a post on Truth Social. "United States aircraft just struck Iranian missile and drone storage locations, and coastal radar sites, for violating the Cease Fire Agreement, AGAIN!" Oil prices rose in early trading as investors weighed the possibility of further disruptions to global energy supplies. Brent crude climbed 0.8% to US$72.57 a barrel, while U.S. West Texas Intermediate crude gained 1.1% to $70 a barrel. Wall Street enters the new week following a mixed performance, with investors rotating out of technology stocks and into more de
Stock Markets
US stocks tick lower; tech remains under pressure
United States markets ended lower on Friday (Saturday AEST), with weakness in AI-related chip stocks outweighing strong gains in healthcare, as investors continued to assess elevated inflation, geopolitical tensions in the Middle East and the outlook for US interest rates. The Dow Jones Industrial Average fell 0.1% to 51,876.1, while the S&P 500 slipped 0.1% to 7,354.0. The Nasdaq Composite declined 0.2% to 25,297.6. For the week, the Dow gained 0.6%, while the S&P 500 lost 2% and the Nasdaq fell 4.6%. Technology stocks remained under pressure as investors questioned how long it may take for substantial investment in artificial intelligence infrastructure, including data centres, to translate into higher corporate earnings. Apple rebounded 3.1%, recovering part of Thursday's sharp decline after the company increased prices for its iPad and MacBook ranges, citing higher memory and storage chip costs. Healthcare stocks outperformed, with Moderna surging 12.6% to its highest level since 2024 after the biotechnology company hosted an investor event highlighting its product pipeline. Investor sentiment was also influenced by Thursday's inflation data, which showed U.S. consumer prices rose above 4% in May. The stro
Stock Markets
US futures tick higher after extended big tech sell-off
United States equity futures edged higher on Thursday night (Friday AEST) following a tech-led decline on Wall Street that left major indices mixed and the Nasdaq under pressure. By 10:15 am AEST (12:15 am GMT), Dow futures were up 0.2%, while both S&P 500 futures and Nasdaq 100 futures added 0.1%. Investors continued to rotate out of large-cap technology stocks during Thursday’s session, dragging the Nasdaq Composite down 0.5% and extending its losing streak to four consecutive sessions, the longest since February. The S&P 500 slipped marginally by 0.01%, while the Dow Jones Industrial Average ticked up 0.1%. Among individual stocks, Apple fell 6% after announcing price increases for iPads and MacBooks, citing higher demand-driven costs for memory and storage components. Microsoft dropped more than 3% after raising prices on Xbox gaming consoles due to surging component costs. Alphabet and Meta Platforms also finished lower as sentiment in mega-cap technology weakened. The weakness in technology stocks added to broader weekly declines for the Nasdaq Composite, which is on track to fall 4.4% for the week. The S&P 500 is down 1.9% over the same period, while the Dow has outperformed, posting a 0.7% weekly gain.

Stock Markets
Wall St mixed as tech drags despite chip rally
Wall Street ended mixed on Thursday (Friday AEST), with losses among technology megacaps outweighing a rally in semiconductor stocks as investors weighed fresh United States economic data and ongoing concerns over artificial intelligence spending. The Dow Jones Industrial Average rose 71.7 points, or 0.1%, to 51,920.6. The S&P 500 edged 0.7 points, or 0.01%, lower to 7,357.5, while the Nasdaq Composite fell 118.0 points, or 0.5%, to 25,358.6. Technology stocks reversed early gains and finished lower, dragging the Nasdaq into negative territory as investors questioned the sustainability of heavy spending on artificial intelligence infrastructure by hyperscale technology companies and who would ultimately bear the cost. Those concerns overshadowed encouraging signs of continued AI demand following stronger-than-expected results and forecasts from Micron and Qualcomm. Apple dropped 6.1% after increasing prices for its iPads and MacBooks to offset rising memory and storage chip costs. Nvidia declined 1.6%, Microsoft fell 3.5%, and Alphabet slipped 0.5%. In contrast, semiconductor shares rallied strongly. Micron surged 15.7% after reporting earnings and issuing guidance that exceeded Wall Street expectations. Memor
Stock Markets
US futures lift as Micron surges 15.8% post-earnings
United States stock futures edged higher on Wednesday night (Thursday AEST), supported by a strong earnings performance from Micron Technology, as investors turned their attention to upcoming U.S. inflation data. By 10 am AEST (12 am GMT), Dow futures, S&P 500 futures and Nasdaq 100 futures were up 0.1%, 0.6% and 2.0% respectively. Micron Technology shares surged 15.8% in after-hours trading following the release of fiscal third-quarter results that exceeded market expectations. Earnings per share came in at $25.11, compared with forecasts of $20.86, while revenue reached $41.46 billion versus expectations of $35.91 billion. The semiconductor group also issued strong forward guidance, projecting current-quarter revenue of $50 billion, up sharply from $11.3 billion a year earlier and above analyst estimates of $43.58 billion. Rival chipmaker Qualcomm also advanced, rising 12.8% after lifting its long-term outlook for non-handset revenue. The company now expects $40 billion in revenue by fiscal 2029, up from a previous forecast of $22 billion, highlighting continued strength in semiconductor demand. During the previous trading session, U.S. equities finished mixed. The S&P 500 slipped 0.1%, and the Nasdaq Composite
Stock Markets
Wall St ends mixed as tech weakness continues
United States major benchmark averages closed mixed on Wednesday (Thursday AEST), with ongoing weakness in technology stocks weighing on the broader market, while lower oil prices lifted travel-related shares and helped the Dow Jones Industrial Average finish higher. The Dow Jones Industrial Average gained 182.1 points, or 0.4%, to close at 51,848.9. The S&P 500 slipped 7.2 points, or 0.1%, to 7,358.2, while the Nasdaq Composite fell 110.4 points, or 0.4%, to 25,476.6. Technology stocks remained under pressure as investors continued to question lofty valuations across the sector. Attention centred on semiconductor manufacturer Micron Technology, which released earnings after the closing bell. The company’s shares rose 13.9% in extended trading after reporting quarterly revenue and issuing a fourth-quarter forecast that exceeded Wall Street expectations. Chip designer Cerebras Systems plunged 19.6% after forecasting full-year profit margins below its first-quarter level in its first earnings report since listing on the stock market. The stock also came under pressure after OpenAI announced its own in-house inference chip, known as Jalapeño. Major technology companies also declined, with NVIDIA down 0.5%, Oracle lo
Stock Markets
US futures tick lower; focus turns to Micron earnings
United States stock futures edged lower during Tuesday night trading (Wednesday AEST) as investors prepared for Micron Technology's highly anticipated earnings report following a sharp sell-off across the semiconductor sector. By 9:20 am AEST (11:20 pm GMT), futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 were each down 0.2%. In after-hours trading, FedEx shares fell 6.4% despite reporting fourth-quarter revenue that narrowly exceeded Wall Street expectations. The logistics giant posted revenue of $25.01 billion, ahead of of $24.04 billion expected. Homebuilder KB Home rose 3.4% in extended trade after reporting fiscal second-quarter revenue of $1.11 billion, slightly above market expectations of $1.09 billion. However, earnings per share (EPS) came in at $0.43, below the $0.45 expected. Semiconductor company Cerebras dropped 11.4% after releasing its first earnings report since listing in May. The company reported a first-quarter loss of 22 cents per share on revenue of $193.4 million. Cerebras also warned that its core gross margin would decline to between 36% and 38% in the second quarter, down from 46.5% in the first quarter. Alphabet also edged higher after S&P Global announced that