Shares of Bitmine Immersion Technologies (BMNR) slipped Monday morning after the company said it repurchased 4.5 million shares last week, lifting total buybacks to 16.1 million shares over the past three weeks.Executive Chairman Tom Lee said the move was driven by a favorable setup following Ether…
U.S. stock indices ended mixed on Friday, ending their second consecutive week lower as investors assess big-tech earnings with heightened attention on geopolitical developments.The S&P 500 ended 0.1% higher, while the Nasdaq 100 slipped 1.2% and the Dow Jones Industrial Average ended 0.5% higher…
U.S. stock indices ended lower on Thursday as the U.S.-Iran war showed little sign of easing, pushing oil prices and Treasury yields higher, while investors continued to fret about returns on sky-high capital spending by Big Tech firms.The S&P 500 ended 1.2% lower, while the Nasdaq 100 slipped 2% a…
US stock futures edged lower on Wednesday as investors pulled back from semiconductor shares before Alphabet and Tesla open the first major test of the second-quarter Big Tech earnings season.Nasdaq 100 contracts led the retreat, while S&P 500 and Dow futures also slipped after Tuesday’s chip-led r…
U.S. stock indexes finished lower on Friday, with the tech-heavy Nasdaq-100 leading declines as investors digested Netflix’s mixed second-quarter results and cautious forward outlook. Chipmakers remained under pressure following Taiwan Semiconductor’s capex hike earlier in the week, while healthcar…
U.S. stock futures extended a decline into the overnight session late Thursday after all benchmark indexes closed lower amid a selloff in the technology sector, particularly among semiconductor names.Nasdaq-100 futures fell 0.61%, Dow futures were down 0.41%, and S&P 500 futures declined 0.38% at 9…
SpaceX NASDAQ:SPCX, Elon Musk's rocket, satellite and artificial intelligence company, is joining the Nasdaq 100 Index NASDAQ:QQQ on Tuesday as Wall Street analysts begin coverage with a strong bullish tilt. At least six brokerages, including Morgan Stanley and Goldman Sachs, have launched buy-equi…
By Shashwat Chauhan and Avinash PThe S&P 500 slipped and the Nasdaq dropped sharply on Tuesday, weighed by losses in chip stocks amid doubts over the durability of the AI-led rally despite robust Samsung earnings, while a report on China's DeepSeek making an AI chip also hit sentiment.Nvidia NASDA…
By Chelsey DulaneyChip giant Samsung gave what was by all accounts a rosy update today, projecting a 19-fold surge in quarterly earnings.That wasn't enough to meet investors' lofty expectations. Samsung shares slid in South Korea, sending the benchmark Kospi index down nearly 5% and sparking a sell…
Space Exploration Technologies NASDAQ:SPCX received a Buy rating from Goldman Sachs (GS) as the investment bank said the aerospace and satellite company is well positioned to benefit from long-term opportunities across space, connectivity, and artificial intelligence.Goldman Sachs (GS) initiated co…
By James MackintoshSpaceX offers a great test for whether passive index-tracking funds are distorting the stock market, with the rockets-to-tweets company's entry to the Nasdaq-100 index today forcing the massive QQQ ETF to buy its shares.The provisional result is disappointing for investors who th…
By Christine IdzelisSpaceX is due to join the Nasdaq-100 on Tuesday but isn't eligible to be in the S&P 500 for at least a year - likely furthering the volatility spread between those two indexesSpaceX will become part of the Nasdaq-100 index before the market opens on Tuesday.The Nasdaq-100 has al…
BlackRock NYSE:BLK said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index NASDAQ:NDX, as it seeks to tap surging investor demand for exposure to the AI-driven stock market rally.The iShares Nasdaq 100 ETF, offered by the world's largest asset manager…
By Shashwat Chauhan and Avinash PNasdaq futures dropped on Tuesday following declines in chip stocks as investors reassessed the sustainability of the AI-driven rally despite strong results from Samsung, while SpaceX shares dipped ahead of their Nasdaq-100 debut.Elon Musk's SpaceX NASDAQ:SPCX was…
By Jack PitcherSpaceX officially joins the Nasdaq-100 today, and investors holding some funds tied to the index will end up exposed, whether they like it or not. Here's what you need to know:This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P…
By Al RootSpaceX trading on Tuesday won't have much to do with space or AI fundamentals. Instead, technical factors will likely rule the day.That brings potential for stock volatility. Things will likely turn out fine.Elon Musk's AI and space company is now in the Nasdaq-100, one of the best-known…
By Purvi Agarwal and Rashika SinghSpaceX's NASDAQ:SPCX addition to the Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus rocket and satellite company with broadly bullish views.The company joins the index just 15 days af…
Elon Musk’s rocket manufacturing company rebranded as SpaceXAI and unveiled a new logo to reflect the acquisition of his AI startup xAI into its business on Monday.The new logo and the official rechristening were announced in a post on X.https://x.com/SpaceXAI/status/2074214064746832060Shares of SP…
U.S. stocks extend last week's gains amid expectations of AI-driven earning growth. ISM's services PMI keeps indicating expansion, with a June reading of 54, close to expectations and little changed from May. Samsung is expected to report on 2Q performance tomorrow, while SpaceX will enter the Nasd…
NASDAQ ENDS MORE THAN 1% HIGHER AS BROADCOM GAINS; DOW POSTS A RECORDU.S. stocks ended higher on Monday, with the Nasdaq TVC:IXIC gaining more than 1% and chipmaker shares also rising, while the Dow DJ:DJI registered a record closing high.Shares of chipmaker Broadcom NASDAQ:AVGO gained 3.7% after t…
