The Nasdaq and the S&P 500 are in the red; chip stocks are at a two-month low

20:25

The Nasdaq and the S&P 500 continue to trade in negative territory, with declines of about 0.7% and about 0.3%, respectively. At the same time, the Dow Jones climbs about 0.1%.

Chip stocks continue to weigh on the markets, which actually recorded increases in early trading, against the background of the sharp drop in oil prices. Among the reasons for the declines: a report by The Information website, according to which a state-backed Chinese company has begun mass production of domestically produced DUV lithography machines for the first time. DUV lithography machines are actually the “machines that print” the tiny circuits on the silicon wafers from which chips are made – a technology considered essential for the production of advanced chips.

19:20

While most stocks in the technology sector are under pressure right now, one stock stands out for the positive dark which is on its way to a new all-time high.

Apple’s stock has climbed about 22% since the beginning of the year and recorded a stronger performance than the rest of the “Magnificent Seven”. Late last year, the company faced criticism that it was lagging behind in the AI ​​race; But now, against the background of the concerns surrounding the copying expenses of the companies in the field, it seems that the company’s relatively restrained expenses are playing in its favor.

Following the increase in Apple’s stock and the decrease in Nvidia’s stock, Apple overtook it in terms of market capitalization and became the largest in the world again. Apple’s market cap is now around $4.95 trillion, while Nvidia’s market cap is around $4.77 trillion. Recall that Apple is expected to publish its financial results for the second quarter this Thursday.

19:00

Wall Street erases most of the gains it registered at the beginning of the trading day. For now, the Nasdaq is down about 0.4%, the S&P 500 is down about 0.2% and the Dow Jones is advancing by about 0.1%. SOXX loses about 4%.

18:00

The declines on Wall Street are moderating. The Nasdaq is now down about 0.1%, the S&P 500 is up about 0.1% and the Dow Jones is up about 0.4%.

It seems that the investors are buying the declines in the chip shares, which are significantly reducing their declines after falling by about 5% earlier in the trading day. The SOXX hedge fund is now losing about 3%.

17:30

The negative sentiment towards chip stocks on Wall Street is intensifying. The basket fund SOXX Now falling close to 4% and trading at a level last seen just over two months ago. Significant declines are recorded in stocks AMD , Nvidia , Micron , Intel , Marvel and more.

On the other hand, the basket fund 45 which tracks financial stocks, is now climbing over 1% to its all-time high. CNBC noted that this is a turnaround for the hedge fund, which came under pressure earlier this year when it fell by more than 15% from the record it recorded last January. Among the stocks that support the gains of the basket fund, you can find visa , J. times. Morgan andGoldman Sachs Group .

16:55

Trading on Wall Street continues to be conducted with price increases, although they moderated a little. The Nasdaq index climbs by about 0.7%, the S&P 500 rises by about 0.6% and the Dow Jones adds about 1% to its value.

Chip stocks are struggling to rise, while the basket fund SOXX hovering around its base level, after the dip it recorded last Friday. Among the stocks that stand out in decline can be found AMD andNvidia .

We will remind you that later this week, four of the “Magnificent Seven” will report their financial results for the second quarter, which will put to the test the robustness of stock trading in the AI ​​field. Meta andMicrosoft will report on Wednesday, anddark andAmazon Will report on the following Thursday.

Ken Mahoney, CEO of Mahoney Asset Management, told CNBC that “the biggest risk is continued spending on AI. Then, the problem is, if they are [החברות] They will indeed listen to the shareholders and calm down a bit with some of these expenses, or reduce the large rate of expenses, the rest of the market is not going to like it. So there is some kind of factor that produces a see-saw oscillation.”

16:35

The stock exchange in New York opens the first trading day of the week with decent price increases, against the background of the cessation of mutual attacks between the US and Iran and the drop in oil prices. The Nasdaq jumps by about 1.1%, the S&P 500 advances by about 0.9%, and the Dow Jones climbs by about 1.2%.

Although oil trading continues to be conducted in declines, they moderated a little compared to those seen earlier today. Brent oil is now down about 6%, and its price hovers around $91 per barrel.

While in early trading they registered a considerable recovery, chip stocks are struggling to rise. The basket fund SOXX which follows the broad chip sector increases by less than 1%.

16:05

Wall Street is on track to open the first trading day of the week in the green. Currently, the contracts on the Nasdaq jump by about 1.4%, the contracts on the S&P 500 advance by about 0.9% and the contracts on the Dow Jones rise by about 1.2%.

The basket fund SOXX which tracks the broad chip sector, recovers from the dip it recorded on Friday and climbs over 2% in early trading. The basket fund DRAM which specifically tracks memory stocks, climbs over 3%.

15:15

The leading indexes on the European continent extend the gains: the regional Stoxx 600 index adds 0.9%. The positive trend is led by the German DAX index which jumps by 1.7%, while the CAC in Paris increases by 1.0% and the FTSE in London adds 0.6%.

Ahead of the opening of trading on Wall Street, the futures contracts show adequate increases: the Nasdaq contracts climb by 1.4%, the Dow Jones contracts add 1.1% and the S&P 500 contracts rise by 0.9%.

Among prominent stocks in early trading, the chip and memory sector is showing strong momentum following the huge IPO of Chinese chipmaker CXMT on the Shanghai Stock Exchange, whose stock jumped 466% on the first day of trading. In early US trading, SK Hynix rose 4.4%, SanDisk added 3.6% and Micron Technology climbed 2.5%.

The energy sector weakened contrary to the general trend following the drop in oil. Chevron and ExxonMobil shares lose 2.7% and 2.9% respectively, while Divan Energy and Diamondback retreat about 4%. On the other hand, energy services giant Baker Hughes is up 2.7% after quarterly reports that exceeded market forecasts.

According to Forte Biosciences, the biotech stock jumps about 39.6% amid the report of its purchase by the Dutch Arganx for $2.2 billion in cash (about a 40% premium on Friday’s closing price).

D-Wave Quantum’s stock jumps by more than 7% following a strategic collaboration with telecommunications giant AT&T in the field of AI. The announcement affects the other shares of the sector as well, including IonQ which rises by 3.9%.

In the commodities and currencies sector, the sharp declines in oil continue against the background of the cessation of hostilities between the US and Iran. The price of a barrel of Brent oil retreated by about 7.4% to $89.7, while the American WTI shed about 6.5% to $83.5 per barrel. Gold strengthened by 0.7% and traded around $4,098 per ounce. Bitcoin is rising by 0.8% to a level of approximately $65,150.

14:00

The leading indices in Europe extend the gains, the regional Stoxx 600 index climbs by 0.8%. The positive trend is led by the German DAX index which jumps by 1.6%, while the CAC in Paris increases by 0.8% and the FTSE in London adds 0.5%.

Ahead of the opening of trading on Wall Street, the futures show a surge. Nasdaq futures jump 1.7%, while S&P 500 and Dow Jones futures climb more than 1%.

In the commodities sector, the heavy downward pressure continued. The price of a barrel of Brent oil plunges by about 8% and trades around $89.1, while the American WTI loses about 6.9% to the level of $83.2 per barrel.

The report season for the second quarter shows a positive pace against high expectations, but caution is evident in the market. Deutsche Bank strategist, Parag Thatte, points out in a review for clients that the concerns surrounding the scope of capital expenditures (CapEx) in the field of AI cloud the good results and lead some investors to reduce exposure to stocks. According to him, the positions of discretionary investors have fallen to the lows of the beginning of April, and are much lower than the levels reflected in the results of the companies and the macroeconomic growth data.

12:50

The stock exchanges in the European continent show adequate price increases, with the regional Stoxx 600 index adding 0.7%. The positive trend is led by the German DAX index which jumps by 1.5%, while the CAC in Paris increases by 0.7%, and the FTSE in London adds 0.4%.

Against the background of the geopolitical calm and the drop in energy prices, there is a sharp drop in government bond yields around the world: the US 10-year bond yield drops by about 4 basis points to 4.63%, while the 2-second bond yield drops to 4.30%. In Europe, yields on 10-year British Gilts and German Bunds are also retreating.

Ahead of the opening of trading on Wall Street, the futures indicate a strong jump: the Nasdaq contracts jump by 1.6%, while the S&P 500 and Dow Jones contracts climb by about 1.0%.

In the commodity sector, a free fall is registered: oil prices plunge following the holding of the ceasefire in the fighting in the Gulf. The price of a barrel of Brent oil fell by about 8.8% and fell below the $90 mark (around $88.2), while the American WTI price shed about 7.2% to the level of $82.9 per barrel.

11:40

The energy sector is the center of sharp price drops in Europe and in early trading in New York, when it stopped contrary to the green trend in the other markets. The declines come amid a drop in oil prices following the easing of tensions between the US and Iran. In early trading on Wall Street, stocks misfortune andExxon Mobile lose about 2.5%, while Conoco-Phillips retreated by 3.2%. In Europe, the energy giants Total Energy plunges by 4.5%, BP sheds 3.4% andof decreases by 1.5%.

11:25

Stock markets in the European continent are trading against the backdrop of price increases, with the regional Stoxx 600 index adding 0.4%. The positive trend is led by the German DAX index which jumps by 1.1%, while the CAC in Paris and the FTSE in London register more moderate increases of 0.4% and 0.2% respectively.

Among the prominent stocks in the trade, the shares of the British pharmaceutical giant AstraZeneca are climbing in the background. It reported the results of the second quarter of the year, with revenues of 15.4 billion dollars (an increase of 6% from last year), thanks to double-digit growth in the sales of its oncology drugs (including the drug Tagrisso, which generated 1.9 billion dollars). Although the company suffered a 16% drop in sales of the drug Farxiga following the expiration of the patent in the US, it confirmed its annual forecast for growth.

Ahead of the opening of trading on Wall Street, futures indicate positive momentum: Nasdaq contracts jump 1.4%, while S&P 500 and Dow Jones contracts climb by about 0.8%-0.85% each.

In the commodity sector, a sharp drop is recorded, oil prices plunge by about 6% amid reports of a possible easing of tensions between the US and Iran. The price of a barrel of Brent oil drops by about 6.2% to $90.8, while the American WTI sheds about 5.7% to $84.2 per barrel. The drop in oil prices puts pressure on the American dollar, which weakens against the euro (which trades around $1.14) and against the pound.

In the crypto market, Bitcoin is trading up slightly by 0.8% around the $65,165 level.

10:25

The trading day on the continent’s exchanges opened with a notable positive trend, with the regional Stoxx 600 index rising by 0.7%. The gains are led by the German DAX index which jumps by 1.3%, while the CAC in Paris adds 0.9%. In London, there are more moderate increases, with the FTSE climbing about 0.5%.

In the future contracts in the USA, price increases are recorded. The Nasdaq contracts jump by 1.6%, the S&P 500 contracts add about 0.9% and the Dow Jones contracts climb by 0.9%.

In the commodity sector, the sharp drop continues. The price of a barrel of Brent oil plunges by about 6.8% and trades around the level of $90.2, while the WTI wipes about 6.2% and falls to the level of $83.8 per barrel.

8:50

In accordance with the drop in energy prices, the early contracts on Wall Street register a positive trend. The Nasdaq index contracts lead the gains with a 1.5% jump, the S&P 500 index contracts advance 0.9%, and the Dow Jones index contracts climb 0.7%.

In accordance with the calming of the winds, a green trend characterizes trading in Asia this morning: the Kospi index in South Korea and the Hang Seng index in Hong Kong lead the increases with jumps of 0.8% and 0.7% respectively, the Nikkei index in Tokyo adds 0.2%, and the Shanghai index rises by 0.1%.

Shares of Chinese memory chip maker CXMT jump about 470% on its first day of trading on the Shanghai STAR index, becoming the most valuable public company traded in China. The company raised about 8.6 billion dollars (57.92 billion yuan) at a price of 8.66 yuan per share – the largest initial public offering in Asia since the beginning of the year. With the opening of trading, the stock rose to over 49 yuan, which boosted the chip giant’s market value to about 3.3 trillion yuan.

07:18

A new week in the markets against the background of the ceasefire in the fighting between the US and Iran. The futures on Wall Street are rising, and the price of oil is falling. Traders are also looking forward to a week full of profit reports from the giant companies and interest rate decisions.

The Dow Jones is expected to rise 0.5%, the S&P 500 climbs 0.6%, and the Nasdaq jumps 1.2%.

Mixed trend in Asia, the Nikkei index in Japan is trading close to the base levels, the Kospi is down about 0.3%. The Hang Seng climbs by 0.7%, the Shanghai index rises by about 0.4%.

The most significant effect of the containment of the war is absorbed by oil, which drops by almost 5% but still trades in a relatively high environment of $84.84 per WTI barrel.

The escalation between Ukraine and Iran does not spoil the celebration either. Ukraine hit an Iranian commercial ship in the Caspian Sea tonight, leading Tehran to accuse Kiev of a “hostile and criminal act”.

The optimistic trend comes after another week of rate falls that is expected to send ripples to the Tel Aviv Stock Exchange this morning. When a retreat in chip stocks and uncertainty about the war with Iran weighed on investors. On Friday, the S&P 500 and Nasdaq fell 0.6% and 2.1% respectively, snapping a two-week streak of weekly losses. The Dow fell 0.4%, marking a third straight week of losses.

The week ahead will not be lacking

Challenges for the key indicators. A string of quarterly reports from Amazon, Apple, Meta and Microsoft may assuage investors’ fears of artificial intelligence spending inflation, or increase them – this after Alphabet’s disappointing results last week. These results may have a direct impact on semiconductor companies, which are the main beneficiaries of the AI ​​spending spree.

In addition, an interest rate decision is expected in the US on Wednesday, when the consensus is that the central bank will raise interest rates in September, but the markets are pricing in a real possibility that the Fed will raise its base interest rate by a quarter of a percent as early as this week.