rises on Wall Street; Intel leaps forward following a significant contract

16:48

stock 3M leaping The industrial group posted better-than-expected quarterly results and raised its annual profit forecast.

In the second quarter, the company recorded an adjusted profit of $2.40 per share on revenues of $6.5 billion, compared to analysts’ forecasts of $2.25 per share and revenues of $6.41 billion.

Following the results, 3M raised the annual profit forecast per share to a range of $8.80-8.95, compared to the previous forecast of $8.50-8.70 per share.

16:30

A positive opening on Wall Street, after chip shares in Asia recorded gains ahead of the publication of the reports of several technology giants in the US. Nasdaq rises by more than 1%, S&P 500 by 0.5%. However, investors remember that sharp increases were also recorded yesterday in chip shares at the beginning of trading, but they moderated later in the day.

In recent weeks, the S&P 500 and Nasdaq indices have faltered, after the prolonged rally was halted against the background of the escalation in the Middle East, the rise in oil prices and the appearance of new artificial intelligence models from China, which increased competition in the industry.

The focus of interest will come tomorrow, when Alphabet, Tesla and IBM will publish their results, which are expected to affect the sentiment in the entire market.

The chip shares also provide a boost to the broader market, the SOXX hedge fund, which tracks the shares of the industry, rises by more than 3%. Among the prominent names in it are Micron and Marvel.

Intel continues to look for a significant anchor customer for its manufacturing activity (Foundry), but in the meantime has recorded an achievement in the cyber field.

Information security giant Fortinet has announced that it will manufacture its next-generation security chip, SP6, using Intel’s manufacturing plants. This is a success for the CEO of Intel, Lip-Bo Tan, who took office in March 2025.

Fortinet’s new chip will be manufactured using the Intel 4 manufacturing process, a relatively old manufacturing technology from Intel, designed for simpler ASIC type chips, which are mainly used for communication and networking equipment.

However, Intel is still trying to recruit a significant customer for its most advanced manufacturing technologies, 18A and 14A, which are intended for the production of advanced processors. The company stated already in April that it is still working to obtain such a customer, which will help justify the huge investments in establishing new production plants in the US and other countries.

15:10

Trading in futures contracts continues to be conducted with rising rates. Nasdaq contracts jump by about 1.4%, S&P 500 contracts advance by about 0.5% and Dow Jones contracts rise by about 0.3%.

Oil prices are now climbing over 1%. Brent crude is trading slightly above the $90 per barrel mark, while US crude (WTI) is trading around $83 per barrel.

14:25

stock Sargon Jumps in early trading on Nasdaq by about 10%, after the company reported an additional contract of $70 million for five years with an existing client, a large cellular company from Asia-Pacific whose name was not reported. Sargon will provide the client with solutions that will help modernize its 4G and 5G cellular network alongside services and support. CEO Doron Arzi said that the agreement reflects the trust that has been built over the years And the company is proud to continue supporting its client.

13:50

the car manufacturer General Motors reported in the second quarter financial results that exceeded analysts’ forecasts in the top and bottom line. The company reported an adjusted profit of $3.57 per share and revenues of $48.03 billion, compared to analysts’ expectations for a profit of $3.2 per share and revenues of $47.01 billion.

The company also raised its EBIT (earnings before interest and taxes) forecast for the full year 2026 to $14-16 billion, up from a previous forecast of $13.5-15.5 billion. Initially, the stock climbed about 2% following the report, but now it has moved to a decline of about 1%.

13:05

After struggling yesterday, chip stocks are now posting decent gains in early trading. The basket fund SOXX which tracks the broader chip sector, jumps over 4%; The basket fund DRAM which specifically tracks memory stocks, jumps over 6%.

SanDisk and-SK Hynix climbing over 7%, Marvel increases to nearly 7%. Micron andIntel Climbs by over 6%.

11:30

European trading is currently steady, with the stock exchanges in Frankfurt, London and Paris hovering around their base levels.

The futures contracts on Wall Street register adequate increases. Nasdaq contracts jump about 1.4%, S&P 500 contracts climb about 0.6% and Dow Jones contracts rise about 0.4%.

Oil prices are now down as much as 1%, possibly due to reports of mediation efforts between the US and Iran. Brent crude is trading around $88 a barrel, while U.S. crude (WTI) is trading around $82 a barrel.

Bitcoin is climbing over 3% and is trading around $66,000 per currency – a level that was last seen only about a month ago.

10:20

European stock exchanges open the trading day with a mixed trend. The Dax index rises by about 0.2%, the Potsi weakens by about 0.1% and the KAC climbs by about 0.2%.

9:20

The trading day in the global markets opened in the shadow of another round of American attacks against Iran, which were carried out for the tenth night in a row.

Asia

This morning in Asia, there is a recovery after the dip that occurred at the weekend. The Tokyo Stock Exchange climbs by about 2.5%, the Seoul Stock Exchange jumps by over 3%, the Shanghai Stock Exchange adds about 0.8% and the Hong Kong Stock Exchange drops by about 0.1%. At the same time, the futures contracts on Wall Street register increases of up to 0.8%.

Wall Street

Last night, Wall Street closed the first day of the new trading week with lower prices, with the escalation between the US and Iran and the great geopolitical uncertainty hovering in the background. The S&P 500 index weakened by about 0.2%, the Dow Jones shed about 0.6% of its value and the Nasdaq closed slightly below the base level.

Eight of the 11 sectors of the S&P 500 traded in the red, with money coming out mainly from the traditional defensive sectors – health (-1.2%), raw materials (-0.9%), infrastructure (-0.5%) and consumer staples (-0.5%). On the other hand, the increases were led by the technology and communication services sectors, which strengthened by about 0.1% and about 0.7%, respectively. The energy sector also added about 0.6% to its value, against the background of renewed concerns about disruptions in the global oil supply.

Analyst Adam Crisapoli from Vital Knowledge commented on the climate in the markets and was quoted by CNBC as saying that “Investors still do not think that Trump has the tolerance for a tangible escalation of the activities of American forces in the Middle East, and if that is the case, then some type of diplomatic solution is inevitable.”

Chip stocks recorded a modest recovery after the sharp drop they recorded last week, although they had difficulty rising and their trading was very volatile. The basket fund SOXX which tracks the broader chip sector, rose by about 0.5%. The basket fund DRAM which specifically tracks memory stocks, climbed about 0.7%. Among the stocks that stood out positively, you can find Micron , SanDisk , Intel andBroadcom .

Darrell Cronk, Chief Investment Officer at Wells Fargo Bank, told CNBC that “chip and AI trading is undergoing a healthy reality check. While a short-term tactical rebound would not be surprising given the ‘oversold’ conditions, the medium-term positive trend has been interrupted.”

The chip giant’s stock AMD Tifas, after announcing that it is preparing to ship its new AI chip system, called Helios, to a growing list of customers, which now includes Microsoft . CNBC reported that this is the first competitor to the popular Grace Blackwell and Vera Rubin systems of Nvidia and it aims to present the first real competition in years to the chip maker with the highest value in the world.

As mentioned, Microsoft announced that it will use the Helios system in its data centers, thus joining Meta, OpenAI, Oracle and others in the race to obtain as much computing power as possible. AMD will begin shipping the systems to customers, including Microsoft, later this year. Details regarding the financial terms or the scope of the computing capacity were not disclosed.

CNBC reported that chip giant Intel announced that it was planning another round of layoffs focused on its data center operations, although exact numbers were not disclosed. The report stated that so far, over 5,000 workers in the US have been part of the company’s workforce reduction, mainly in California and Oregon, alongside additional cuts in Arizona and Texas.

“As part of our broader strategy to become a more focused and efficient company, our Data Centers group is making adjustments to its organizational structure to ensure it has the right roles and skills to position the business for long-term success,” an Intel spokesperson said. “We are committed to treating all affected employees with respect and providing resources to support them during this transition.” Intel added that the company is working to become “leaner, faster and more efficient”, in its attempt to improve performance and regain competitiveness in the fields of AI and advanced chip manufacturing.

Another stock that gathered interest yesterday belongs to the aircraft developer Archer Aviation . The stock jumped about 20%, after the company announced that it is preparing to obtain a license for its flying taxis and fly them until the Olympic Games in Los Angeles in 2028. The company’s CEO, Adam Goldstein, told CNBC that “it’s still an ambitious goal, but we’re definitely going to do our best to get there.” The company also unveiled its hybrid-electric VTOL (vertical takeoff and landing) platform on Monday, in partnership with defense technology company Endoril. According to the press release, the platform will serve “both defense and commercial uses.”

Overnight, it was reported that President Trump is imposing additional tariffs of 50% on a range of goods from Canada, in response to alleged trade discrimination against several American products and industries, senior Trump administration officials said.

According to the CNBC report, President Donald Trump on Monday signed three executive orders targeting three different groups of Canadian imports with high tariffs, in response to separate areas – vehicles, alcohol and dairy products – where the US claims it has been treated unfairly, the officials told reporters.

The United States is imposing additional 50 percent tariffs on a range of Canadian products in response to alleged trade discrimination against several American products and industries, senior Trump administration officials said Monday.

President Donald Trump signed three proclamations on Monday targeting three different groups of Canadian imports with the high tariffs, in response to separate areas — automobiles, alcohol and dairy products — in which the U.S. claims it has been treated unfairly, officials told reporters. The tariffs, covered under Section 338 (which is often not invoked) of the 1930 Tariff Act, are intended to enter into force 30 days after the signatures, according to the officials.

We will remind you that tomorrow (Wed), two of the “Magnificent Seven” are expected to publish their financial results for the second quarter – Alphabetical (Google) andTesla . On the following Thursday, the chip giant is expected to report Intel when these three reports are expected to test the robustness of trading in the field of AI.

Commodities and currencies

Yesterday the shekel weakened against the dollar by about 0.5% and its continuous rate was locked at a level of 3.05 shekels – a level where it remained this morning as well. The local currency has recently weakened due to the declines on Wall Street, the lowering of interest rates in Israel and the strengthening of the dollar, which is once again a safe haven asset in the face of regional security escalation and rising oil prices. The dollar index (DXY), which measures its strength around the world, climbed by about 0.2% yesterday to a level slightly below the 101 point level.

According to Bank of America, the dollar may continue to strengthen in the second half of the year, after it has already risen by about 2.5% since the beginning of 2026 against the basket of currencies (DXY). The bank is building a bullish scenario for the dollar, based on a combination of geopolitical tensions, the boom in artificial intelligence and a particularly hawkish forecast for interest rates in the US.

Oil prices were volatile yesterday, but finally closed with slight gains. Brent crude is trading around $89 per barrel, while US crude (WTI) is trading around $82 per barrel. After the report on the mediators’ proposal to the US and Iran to lay siege to the fire for ten days, the increases recorded in prices moderated; this, despite the fact that no reports were published according to which the parties are discussing it.

But later in the day, the prices started to climb again, after President Trump wrote on his social network Truth Social that “every time Iran kills an American soldier, they will pay for that killing double and triple. This directive was passed on to Secretary of War Pete Hegseth, Chairman of the Joint Chiefs of Staff Dan Cain, and every leader in the military.”

At the same time, the Houthis in Yemen announced yesterday a naval blockade against Saudi Arabia. CNBC reported that the blockade could worsen the disruption in the supply of oil caused by the attacks on Iranian tankers in the Strait of Hormuz. The Houthis have repeatedly threatened to close the Bab al-Mandab strait, which connects the Red Sea to world markets.