Wall Street closes mixed as tech rout deepens, small caps and Dow resist the selloff
Executive summary: U.S. markets finished sharply mixed, with the Nasdaq and S&P 500 under pressure as megacap tech, chips, crypto and several commodities sold off hard. The Dow Jones and Russell 2000 held up better, suggesting a rotation away from the most crowded growth trades and into more cyclical or value-sensitive areas. The move was broad enough to hit Nvidia, Apple, Meta, Amazon, Tesla and the SOXX chip ETF, while silver, ether, bitcoin and WTI crude also fell sharply. Natural gas was one of the few notable gainers. [Continue Reading]
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Day News Recap: Venezuela quake toll climbs as Iran tensions, Ukraine strikes and Asia markets slide
Venezuela was hit by two major earthquakes in quick succession, with the death toll rising from nearly 190 to at least 235 as rescuers searched for people trapped under rubble and officials warned that reconstruction costs could run into the billions. 🔗In the Middle East, Donald Trump said Iran attacked ships in the Strait of Hormuz and called it a violation of a ceasefire agreement, while the International Maritime Organization paused a planned evacuation of sailors after a cargo vessel was struck near Oman. 🔗 🔗Diplomatic tensions around Iran also deepened as IAEA chief Rafael Grossi pressed for a very... [Continue Reading]
Wall Street Opens Lower as Tech, Crypto and Commodities Sell Off, While Small Caps and Dow Hold Up
Executive summary: U.S. markets opened with a sharp split at 9:40 a.m. New York time, led by heavy losses in technology, crypto-linked assets and several commodities, while the Dow and Russell 2000 managed modest gains. The Nasdaq Composite fell 5.2%, the S&P 500 dropped 2.4%, and the Russell 2000 rose 0.9%, underscoring a rotation away from high-beta growth and into parts of the market tied more closely to domestic cyclicals and value. [Continue Reading]
360LiveNews Breakfast News: Venezuela quake toll climbs as Gulf tensions, storms and markets jolt the day
Venezuela is reeling after two major earthquakes struck the north and west of the country, with the death toll rising from 188 to at least 235 and more than 1,500 people injured as rescuers searched for survivors in collapsed buildings. Damage estimates are already running into the billions of dollars, adding to the scale of the disaster. 🔗 🔗Officials said the quakes near Caracas left nearly 190 people dead and thousands homeless, with emergency crews still racing to pull people from the rubble. The reports point to a widening humanitarian crisis as reconstruction costs mount and the full extent of... [Continue Reading]
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Wall Street closes mixed as chip strength clashes with broad tech and crypto selling
Executive summary: US stocks finished mixed, with the Dow Jones higher while the S&P 500 and Nasdaq Composite fell. The standout move was in semiconductors, where SOXX rose 4.247% even as Nvidia, Apple, Microsoft, Meta, Amazon, Tesla and Bitcoin all sold off sharply. Gold, silver and crude also weakened, while the Russell 2000 outperformed, suggesting a rotation away from mega-cap growth and into smaller-cap shares. [Continue Reading]
360LiveNews Day Recap News: Venezuela quake toll climbs as Middle East tensions and Europe heat intensify
Venezuela has declared a state of emergency after twin earthquakes collapsed buildings in Caracas and other cities, with the death toll rising to at least 164 as rescue teams searched through rubble and international help began to arrive. France said it would send 85 search and rescue specialists, while other European governments also moved to assist. 🔗 🔗In the Middle East, violence continued in southern Lebanon despite Washington talks, after Israeli strikes killed three people and wounded one other in an attack on a car. At the same time, Israel said it would keep troops in southern Lebanon until Hezbollah... [Continue Reading]
Wall Street Opens Mixed as Chips and Small Caps Outperform While Gold, Silver, Bitcoin and Oil Slide
Executive summary: US markets opened with a split tone, as the Dow Jones rose +1.3% and the Russell 2000 gained +3.0%, while the Nasdaq Composite fell -2.4% and the S&P 500 slipped -0.6%. The sharpest moves were in commodities and crypto, with silver, gold, WTI crude, Ether and Bitcoin all lower, while AI and chip stocks advanced. The pattern points to a rotation away from defensive and inflation-sensitive assets and toward smaller-cap and semiconductor exposure, though the exact catalyst is not confirmed by the price tape alone. [Continue Reading]
360LiveNews Breakfast News: Venezuela quake toll rises as Iran tensions, UK heatwave and market swings dominate
Two powerful earthquakes have struck Venezuela near the coastal town of Moron, killing at least 32 people and injuring more than 700. The quakes hit within minutes of each other and were felt in Caracas and other parts of the country, with authorities still assessing the scale of the damage.In the Middle East, tensions over Iran and the Strait of Hormuz remain high. Iran, the United States and Oman are at odds over who should control navigation through the vital shipping chokepoint, while the US Senate has withdrawn a war powers resolution aimed at limiting presidential force against Iran. The... [Continue Reading]
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