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Bei der letzten Schlussnotierung war AngloGold Ashanti (AU) um +1,59% auf $79,67 gestiegen. Der Wertanstieg des Unternehmens lag höher als der tägliche Gewinn von 0,05% des S&P 500. Andere Indizes wie Dow und Nasdaq verzeichneten ebenfalls positive Veränderungen.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

AngloGold Ashanti (AU) schloss den letzten Handelsstag bei $78,42 und verlor -3,39% im Vergleich zum vorherigen Handelstag. Der Wert des Goldminenunternehmens fiel weniger stark als der S&P 500 mit einem Tagesverlust von 1,21%. In der gleichen Zeit verloren Dow und Nasdaq jeweils 0,97 bzw. 2,15%. Im Vorfeld des heutigen Handels hatte AngloGold Ashanti im Vergleich zum Basic Materials-Sektor einen Gewinn von 3,28% erzielt und übertraf den S&P 500 mit einem Gewinn von 0,42%. Die anstehende Earnings-Veröffentlichung von AngloGold Ashanti wird für Investoren von großem Interesse sein. Der geplante EPS beträgt $2,02, was einer Steigerung um 61,60% gegenüber dem gleichen Quartal des Vorjahres entspricht. Zudem projiziert der Zacks-Konsens-Estimate eine Umsatzsteigerung von 32,95% auf $3,2 Milliarden im Vergleich zum Vorjahr. Für das gesamte Geschäftsjahr prognostizieren die Zacks-Konsens-Estimates EBITDA von $8,23 pro Aktie und einen Umsatz von $12,09 Milliarden, was einer Steigerung um 53,26 bzw. 24,22% gegenüber dem Vorjahr entspricht.

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AngloGold Ashanti (AU) schloss den letzten Handelsstag bei $81,91, was einem Plus von +2,61% gegenüber dem vorherigen Handelstag entspricht. Die Leistung des Unternehmens lag über der täglichen Gewinnspanne des S&P 500 von 0,81%. Der Dow verzeichnete einen Anstieg von 0,27%, während die Nasdaq mit einem Plus von 1,3% zu Buche stand.

Angesichts der heutigen Situation hatten die Aktien des Goldminenunternehmens in den letzten Monat eine Gewinnspanne von 1,73% erzielt und übertrafen damit den Verlust des Basic Materials-Sektors von 4,72% sowie den Gewinn des S&P 500 von 1,13%.

Analysten und Investoren werden die Leistung von AngloGold Ashanti in seinem bevorstehenden Earnings-Disclosure genau im Auge behalten. Das Unternehmen wird erwartet, einen EPS von $2,02 zu melden, was einem Plus von 61,6% gegenüber dem Vorjahresquartal entspricht. Nebenbei ist unsere aktuelle Konsensschätzung auf eine Umsatzsteigerung von $3,2 Milliarden hindeutet, was einer Steigerung von 32,95% gegenüber dem gleichen Quartal des Vorjahres entspricht.

Für das gesamte Jahr projizieren die Zacks-Konsens-Schätzungen EBITDA-Erträge von $8,91 pro Aktie und Umsätze von $12,24 Milliarden, was einer Steigerung von +65,92% bzw. +25,82% gegenüber dem Vorjahr entspricht.

Investoren sollten auch auf die neuesten Änderungen der Analystenschätzungen für AngloGold Ashanti achten. Diese jüngsten Revisionen spiegeln den sich ändernden Charakter der kurzfristigen Geschäftsstrategien wider. Positive Schätzungsergebnisse spiegeln das Optimismus der Analysten über die Profitabilität des Unternehmens wider.

Unsere Forschung zeigt, dass diese Schätzungsänderungen direkt mit den kurzfristigen Aktienpreisen korrelieren. Um von diesem zu profitieren, haben wir das Zacks-Ranking-System entwickelt, ein proprietäres Modell, das diese Schätzungsänderungen berücksichtigt und eine handlungsorientierte Bewertungssystematik bereitstellt.

Das Zacks-Ranking-System reicht von #1 (Strong Buy) bis #5 (Strong Sell) und hat einen bemerkenswerten Erfolg in der Vergangenheit gezeigt, wie durch dritte Auditoren bestätigt wurde. Aktien mit einem Rating von #1 erzielten im Durchschnitt seit 1988 eine jährliche Rendite von +25%.

Die Zacks-Konsens-Schätzungen haben sich innerhalb der letzten Monate um 3,81% verringert. AngloGold Ashanti hat derzeit ein Zacks-Ranking von #3 (Hold).

In Bezug auf die Bewertung ist AngloGold Ashanti derzeit mit einem Forward-P/E-Verhältnis von 8,96 gehandelt. Dies deutet auf einen Rabatt gegenüber dem Branchenmittelwert von 8,98 hin.

Die Mining-Gold-Branche gehört zum Basic Materials-Sektor. Mit seinem aktuellen Zacks-Branchen-Ranking von 174 rangiert sie im unteren Drittel der über 250 Branchen.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Der S&P 500-Index blieb am Donnerstag unverändert, der Dow Jones Industrial Average stieg um +1,14% und der Nasdaq 100-Index fiel um -1,61%. Die September-E-Mini-S&P-Futures fielen um -0,25% und die September-E-Mini-Nasdaq-Futures fielen um -1,82%. Die Aktienindizes gaben am Donnerstag ihre frühen Gewinne wieder ab und schlossen gemischt. Der S&P 500 erreichte einen Höchststand der letzten zwei Wochen und der Dow Jones Industrial Average stellte einen neuen Allzeithoch auf. Chipmacher verkauften sich am zweiten Tag in Folge, was den breiteren Markt belastete und den Nasdaq 100 stark nach unten zog. Die Chipmacher öffneten am Donnerstag niedriger an, nachdem der Südkoreanische Kospi-Index um mehr als -7% auf einen Tiefststand der letzten drei Wochen fiel, angeführt von einem Plunge bei SK Hynix und Samsung Electronics aufgrund neuer Zweifel an der Nachhaltigkeit des AI-Ausbau-Booms. Die Chipmacher hatten auch einige negative Übertragung aus Mittwoch, als Meta Platforms sagte, sie planten, Rechenleistung zu verkaufen, was Fragen über den Überschuss an AI-Kapazität aufwarf.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) closed down -0.10%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.43%.  September E-mini S&P futures (ESU26) fell -0.13%, and September E-mini Nasdaq futures (NQU26) fell -0.45%.

Stock indexes erased an early advance on Wednesday and settled mixed, with the S&P 500 and Nasdaq 100 falling to 1.5-week lows.  Losses in chipmakers led the broader market lower on Wednesday, ahead of Micron Technology’s earnings results after Wednesday’s close to gauge whether artificial intelligence is living up to expectations.  Micron Technology is one of the biggest beneficiaries of the soaring demand, as companies stand to gain from the billions of dollars being pumped into AI infrastructure, with the stock up more than 260% this year. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks initially opened higher on Wednesday on evidence of the vast amounts of capital flowing into the buildout of AI infrastructure and its supply chain.  South Korea’s Kospi Stock Index closed up more than +3% on Wednesday after SK Hynix announced it was looking to raise 45.45 trillion won ($29 billion) in a US listing and intends to use the proceeds for building additional chip-making capacity.

Stocks also garnered support on Wednesday from falling crude prices, which lowered inflation expectations and knocked bond yields lower. WTI crude sank to a 3.5-month low on Wednesday, sparking a bond rally that pushed the 10-year T-note yield down by 10 bp to a 6-week low of 4.40%.  The falling bond yields and crude oil prices sparked a rally in homebuilders and building suppliers, airlines, and cruise line operators.

On the negative side, today’s US economic news showed that May new home sales unexpectedly fell to a 4-month low. Also, mining stocks retreated on Wednesday as gold, silver, and copper prices plunged to multi-month lows, and energy producers slid as crude oil prices tumbled to a 3.5-month low.  In addition, cryptocurrency-exposed stocks fell on Wednesday after Bitcoin (^BTCUSD) tumbled to a 20-month low.

WTI crude oil (CLQ26) extended recent declines on Wednesday and fell more than -3% at a 3.5-month low as more tankers openly cross the Strait of Hormuz, boosting global crude supplies. Vessels are transiting the waterway with their satellite signals switched on, indicating growing confidence among shipowners.  Also, the International Maritime Organization said it had received guarantees allowing hundreds of ships to exit the Persian Gulf.

US MBA mortgage applications rose +1.0% in the week ended June 19, with the purchase mortgage sub-index down -0.6% and the refinancing mortgage sub-index up +3.0%.  The average 30-year fixed rate mortgage fell -1 bp to 6.59% from 6.60% in the prior week.

The US Q1 current account deficit was -$225.8 billion, larger than the -$208.9 billion expected.

US May new home sales unexpectedly fell -7.3% m/m to a 4-month low of 580,000, weaker than expectations of an increase to 640,000.

The markets are discounting a 34% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.

Overseas stock markets are mixed today.  The Euro Stoxx 50 slipped to a 1.5-week low and is down -0.39%.  China's Shanghai Composite closed up +0.11%.  Japan’s Nikkei-225 Stock Average fell to a 1-week low and closed down -0.88%.

Interest Rates

September 10-year T-notes (ZNU6) on Wednesday closed up +20 ticks, and the 10-year T-note yield fell -9.7 bp to 4.400%.  Sep T-notes rallied to a 6-week high on Wednesday, and the 10-year T-note yield fell to a 6-week low of 4.398%.  Wednesday’s -3% plunge in WTI crude oil to a 3.5-month low has lowered inflation expectations, a supportive factor for T-note prices.  The 10-year breakeven inflation rate fell to a 14-month low of 2.176% on Wednesday.  Gains in T-notes accelerated on Wednesday after US May new home sales unexpectedly fell to a 4-month low.  T-notes maintained their gains on Wednesday amid signs of solid demand for the Treasury’s $70 billion auction of 5-year T-notes that had a bid-to-cover ratio of 2.35, right on the 10-auction average.

European government bond yields moved lower on Wednesday.  The 10-year German bund yield fell to a 3.5-month low of 2.859% and finished down -5.5 bp to 2.865%.  The 10-year UK gilt yield dropped to a 3-month low of 4.673% and finished down -7.0 bp to 4.684%.

The German Jun IFO business confidence index rose +0.6 to 85.6, stronger than expectations of 85.5.

ECB Executive Board member Isabel Schnabel said, "From today's perspective, we will need to continue raising interest rates in order to bring inflation back to our target of 2% in the medium term."

Swaps are discounting a 9% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI infrastructure stocks retreated on Wednesday, weighing on the broader market.  Seagate Technology Holdings (STX) and Western Digital (WDC) closed down more than -4%, and Qualcomm (QCOM) closed down more than -3%.  Also, Sandisk (SNDK) and ARM Holdings Plc (ARM) closed down more than -2%, and NXP Semiconductors NV (NXPI), KLA Corp (KLAC), and ON Semiconductor (ON) closed down more than -1%.

Cryptocurrency-exposed stocks sold off on Wednesday as Bitcoin fell more than -3% to a 20-month low.   Strategy (MSTR) closed down more than -9% to lead losers in the Nasdaq 100 and

Galaxy Digital Holdings (GLXY) closed down more than -8%.  Also, Coinbase Global (COIN) closed down more than -5%, and MARA Holdings (MARA) and Riot Platforms (RIOT) closed down more than -4%.

Mining stocks fell on Wednesday, after gold, silver, and copper prices retreated.  Anglogold Ashanti (AU) closed down more than -6%, and Coeur Mining (CDE) closed down more than -5%.  Also, Barrick Mining (B) closed down more than -4%, and Freeport McMoRan (FCX), Southern Copper (SCCO), Hecla Mining (HL), and Newmont Corp (NEM) closed down more than -3%.

Energy producers and service providers were under pressure on Wednesday after WTI crude fell more than -3% to a 3.5-month low. Baker Hughes (BKR) and Halliburton (HAL) closed down more than -3%, and APA Corp (APA), ConocoPhillips (COP), SLB Limited (SLB), Diamondback Energy (FANG), Exxon Mobil (XOM), and Occidental Petroleum (OXY) closed down more than -2%.  Also, Chevron (CVX) closed down more than -2% to lead losers in the Dow Jones industrials. In addition, Devon Energy (DVN) and Phillips 66 (PSX) closed down more than 1%.

Homebuilders and building suppliers rallied on Wednesday on strong earnings from KB Home and on the 10-year T-note yield falling to a 6-week low of 4.40%, a supportive factor for housing demand.  KB Home (KBH) closed up more than +16%, and Builders Firstsource (BLDR) closed up more than +11% to lead gainers in the S&P 500.  Also, Lennar (LEN), DR Horton (DHI), Pulte Group (PHM), and Toll Brothers (TOL) closed up more than +6%.  In addition, Home Depot (HD) closed up more than +5% to lead gainers in the Dow Jones industrials.

Airline stocks and cruise line operators moved higher as Wednesday’s -3% plunge in crude oil to a 3.5-month low reduced fuel costs and boosted the companies’ profitability prospects.  United Airlines Holdings (UAL) and American Airlines Group (AAL) closed up more than +7%, and Alaska Air Group (ALK) and Delta Air Lines (DAL) closed up more than +4%.  Also, Royal Caribbean Cruises (RCL), Norwegian Cruise Line Holdings (NCLH), and Southwest Airlines (LUV) closed up more than +3%.

Travel stocks soared on Wednesday as crude oil prices plunged to a 3.5-month low, lowering fuel costs and boosting travel prospects.  MakeMyTrip Ltd (MMYT) closed up more than +11%, and Booking Holdings (BKNG) closed up more than +7%.  Also, Expedia Group (EXPE) closed up more than +6%, and Airbnb (ABNB) and TripAdvisor (TRIP) closed up more than +4%.

Cerebras Systems (CBRS) closed down by more than -19% after its annual sales forecast missed high investor expectations.

Flowserve (FLS) closed down more than -8% after TD Cowen downgraded the stock to hold from buy with a price target of $70.

Principal Financial Group (PFG) closed down more than -4% after Bank of America Global Research downgraded the stock to underperform from neutral with a price target of $95.

Terex Corp (TEX) closed up more than +3% after D.A. Davidson initiated coverage on the stock with a buy recommendation and a price target of $81.

Twilio Inc (TWLO) is up more than +2% after Goldman Sachs initiated coverage on the stock with a buy recommendation and a price target of $300.

Earnings Reports(6/25/2026)

Acuity Inc (AYI), Darden Restaurants Inc (DRI), FedEx Freight Holding Co Inc (FDXF), McCormick & Co Inc/MD (MKC), TD SYNNEX Corp (SNX). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +0.72%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.82%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.50%.  September E-mini S&P futures (ESU26) are up +0.56%, and September E-mini Nasdaq futures (NQU26) are up +0.33%.

Stock indexes are climbing today, as the market recovers some of Tuesday’s sharp selloff, with investors looking ahead to Micron Technology’s earnings results after today’s close to gauge whether artificial intelligence is living up to expectations.  Micron Technology is one of the biggest beneficiaries of the soaring demand, as companies stand to gain from the billions of dollars being pumped into AI infrastructure, with the stock up more than 260% this year. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Evidence of the vast amounts of capital flowing into the buildout of AI infrastructure and its supply chain is supporting stock prices. South Korea’s Kospi Stock Index closed up more than +3% today after SK Hynix announced it was looking to raise 45.45 trillion won ($29 billion) in a US listing and intends to use the proceeds for building additional chip-making capacity.

Homebuilders and building suppliers are climbing today after Congress passed the 21st Century Road to Housing Act.  Also, airlines and cruise line operators are moving higher, with today’s fall in crude oil prices to a 3.5-month low.  On the negative side, today’s US economic news showed that May new home sales unexpectedly fell to a 4-month low. Also, mining stocks are retreating today as gold, silver, and copper prices plunge to multi-month lows, and energy producers are sliding as crude oil prices tumbled to a 3.5-month low.

WTI crude extended recent declines today, which lowers inflation expectations and bond yields and is bullish for stocks.  Crude prices (CLQ26) are down more than -4% at a 3.5-month low today as more tankers openly cross the Strait of Hormuz, boosting global crude supplies.  Vessels are transiting the waterway with their satellite signals switched on, indicating growing confidence among shipowners.  Also, the International Maritime Organization said it had received guarantees allowing hundreds of ships to exit the Persian Gulf. The slump in crude oil prices has knocked the 10-year T-note yield down by -8 bp today to a 6-week low of 4.41%, a positive factor for stocks.

US MBA mortgage applications rose +1.0% in the week ended June 19, with the purchase mortgage sub-index down -0.6% and the refinancing mortgage sub-index up +3.0%.  The average 30-year fixed rate mortgage fell -1 bp to 6.59% from 6.60% in the prior week.

The US Q1 current account deficit was -$225.8 billion, larger than the -$208.9 billion expected.

US May new home sales unexpectedly fell -7.3% m/m to a 4-month low of 580,000, weaker than expectations of an increase to 640,000.

The markets are discounting a 32% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.

Overseas stock markets are mixed today.  The Euro Stoxx 50 slipped to a 1.5-week low and is down -0.39%.  China's Shanghai Composite closed up +0.11%.  Japan’s Nikkei-225 Stock Average fell to a 1-week low and closed down -0.88%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +17 ticks, and the 10-year T-note yield is down -9.0 bp to 4.060%.  T-notes are moving higher today, with the 10-year T-note yield falling to a 6-week low of 4.406%.  Today’s -4% plunge in WTI crude oil to a 3.5-month low has lowered inflation expectations, a supportive factor for T-note prices.  The 10-year breakeven inflation rate fell to a 14-month low of 2.176% today.  Gains in T-notes accelerated today after US May new home sales unexpectedly fell to a 4-month low.  Supply pressures are limiting gains in T-notes, as the Treasury will auction $28 billion of 2-year floating-rate notes and $70 billion of 5-year T-notes later today.

European government bond yields are moving lower today.  The 10-year German bund yield fell to a 3.5-month low of 2.862% and is down -5.7 bp to 2.863%.  The 10-year UK gilt yield dropped to a 3-month low of 4.673% and is down -7.8 bp to 4.676%.

The German Jun IFO business confidence index rose +0.6 to 85.6, stronger than expectations of 85.5.

Swaps are discounting a 7% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Homebuilders and building suppliers are climbing today after Congress passed the 21st Century Road to Housing Act.  KB Home (KBH) is up more than +16%, and Builders Firstsource (BLDR) is up more than +11% to lead gainers in the S&P 500.  Also, Lennar (LEN), DR Horton (DHI), Pulte Group (PHM), and Toll Brothers (TOL) are up more than +7%.  In addition, Home Depot (HD) is up more than +4% to lead gainers in the Dow Jones industrials.

Airline stocks and cruise line operators are moving higher as today’s -4% plunge in crude oil to a 3.5-month low reduces fuel costs and boosts the companies’ profitability prospects. Alaska Air Group (ALK) is up more than +7%, and United Airlines Holdings (UAL) and American Airlines Group (AAL) are up more than +6%.  Also, Royal Caribbean Cruises (RCL) is up more than +5%, and Delta Air Lines (DAL) is up more than +4%.  In addition, Carnival (CCL), Norwegian Cruise Line Holdings (NCLH), and Southwest Airlines (LUV) are up more than +3%.

Travel stocks are soaring today as crude oil prices plunge to a 3.5-month low, lowering fuel costs and boosting travel prospects.  MakeMyTrip Ltd (MMYT) is up more than +10%, and Expedia Group (EXPE) is up more than +9%.  Also, Booking Holdings (BKNG) is up more than +8%, and Airbnb (ABNB) and TripAdvisor (TRIP) are up more than +4%.

Mining stocks are falling today, as gold, silver, and copper prices retreat.  Anglogold Ashanti (AU) is down more than -6%, and Barrick Mining (B) and Coeur Mining (CDE) are down more than -4%.  Also, Freeport McMoRan (FCX), Southern Copper (SCCO), Hecla Mining (HL), and Newmont Corp (NEM) are down more than -3%.

Energy producers and service providers are under pressure today, with WTI crude down more than 4% to a 3.5-month low.  Baker Hughes (BKR) is down more than -5%, and Haliburton (HAL) is down more than -4%.  Also, APA Corp (APA), ConocoPhillips (COP), and SLB Limited (SLB) are down more than -3%, and Devon Energy (DVN), Diamondback Energy (FANG), Exxon Mobil (XOM), and Occidental Petroleum (OXY) are down more than -2%.  In addition, Chevron (CVX) is down more than -2% to lead losers in the Dow Jones industrials. Finally, Marathon Petroleum (MPC), Phillips 66 (PSX), and Valero Energy (VLO) are down more than 1%.

Twilio Inc (TWLO) is up more than +3% after Goldman Sachs initiated coverage on the stock with a buy recommendation and a price target of $300.

Honeywell Aerospace (HONAV) is up more than +3% after S&P Dow Jones Indices announced that the company will replace Conagra Brands in the S&P 500 before the opening of trading on Tuesday, June 30.

Terex Corp (TEX) is up more than +3% after D.A. Davidson initiated coverage on the stock with a buy recommendation and a price target of $81.

FuelCell Energy (FCEL) is up more than +1% after announcing it had reached an agreement with Fit Energy to supply 380 megawatts of clean on-site power for data centers using FuelCell Energy’s technology.

Cerebras Systems (CBRS) is down by more than -15% after its annual sales forecast missed high investor expectations.

Flowserve (FLS) is down more than -7% after TD Cowen downgraded the stock to hold from buy with a price target of $70.

Principal Financial Group (PFG) is down more than -4% after Bank of America Global Research downgraded the stock to underperform from neutral with a price target of $95.

FedEx Corp (FDX) is down more than -1% on disappointment in its first earnings report since completing the spin-off of its freight unit earlier this month.

Earnings Reports(6/24/2026)

Daktronics Inc (DAKT), HB Fuller Co (FUL), Immersion Corp (IMMR), Jefferies Financial Group Inc (JEF), Methode Electronics Inc (MEI), Micron Technology Inc (MU), Millerknoll Inc (MLKN), Novagold Resources Inc (NG), Paychex Inc (PAYX), Worthington Steel Inc (WS).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +0.12%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.06%.  September E-mini S&P futures (ESU26) are up +0.14%, and September E-mini Nasdaq futures (NQU26) are up +0.10%.

Stock indexes are climbing today, as the market recovers some of Tuesday’s sharp selloff, with investors looking ahead to Micron Technology’s earnings results after today’s close to gauge whether artificial intelligence is living up to expectations.  Micron Technology is one of the biggest beneficiaries of the soaring demand, as companies stand to gain from the billions of dollars being pumped into AI infrastructure, with the stock up more than 260% this year. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Evidence of the vast amounts of capital flowing into the buildout of AI infrastructure and its supply chain is supporting stock prices. South Korea’s Kospi Stock Index closed up more than +3% today after SK Hynix announced it was looking to raise 45.45 trillion won ($29 billion) in a US listing and intends to use the proceeds for building additional chip-making capacity.

Homebuilders and building suppliers are climbing today after Congress passed the 21st Century Road to Housing Act.  Also, airlines and cruise line operators are moving higher, with today’s fall in crude oil prices to a 3.5-month low.  On the negative side, mining stocks are retreating today as gold, silver, and copper prices plunge to multi-month lows.

WTI crude extended recent declines today, which lowers inflation expectations and bond yields and is bullish for stocks.  Crude prices (CLQ26) are down more than -3% at a 3.5-month low today as more tankers openly cross the Strait of Hormuz, boosting global crude supplies.  Vessels are transiting the waterway with their satellite signals switched on, indicating growing confidence among shipowners.  Also, the International Maritime Organization said it had received guarantees allowing hundreds of ships to exit the Persian Gulf. The slump in crude oil prices has knocked the 10-year T-note yield down by -7 bp today to 4.42%, a positive factor for stocks.

US MBA mortgage applications rose +1.0% in the week ended June 19, with the purchase mortgage sub-index down -0.6% and the refinancing mortgage sub-index up +3.0%.  The average 30-year fixed rate mortgage fell -1 bp to 6.59% from 6.60% in the prior week.

The US Q1 current account deficit was -$225.8 billion, larger than expectations of -$208.9 billion.

The markets are discounting a 34% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.

Overseas stock markets are mixed today.  The Euro Stoxx 50 slipped to a 1.5-week low and is down -0.42%.  China's Shanghai Composite closed up +0.11%.  Japan’s Nikkei-225 Stock Average fell to a 1-weeklow and closed down -0.88%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +12 ticks, and the 10-year T-note yield is down -7.5 bp to 4.422%.  T-notes are moving higher today amid weakness in crude oil prices, which eases inflation expectations.  WTI crude is down more than -3% at a 3.5-month low today, helping push the 10-year breakeven inflation rate to a 14-month low of 2.176%.  Supply pressures are limiting gains in T-notes, as the Treasury will auction $28 billion of 2-year floating-rate notes and $70 billion of 5-year T-notes later today.

European government bond yields are moving lower today.  The 10-year German bund yield fell to a 3-month low of 2.877% and is down -4.2 bp to 2.878%.  The 10-year UK gilt yield dropped to a 2.5-month low of 4.704% and is down -4.9 bp to 4.705%.

The German Jun IFO business confidence index rose +0.6 to 85.6, stronger than expectations of 85.5.

Swaps are discounting a 7% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Homebuilders and building suppliers are climbing today after Congress passed the 21st Century Road to Housing Act.  KB Home (KBH) is up more than +16%, and Builders Firstsource (BLDR) is up more than +9% to lead gainers in the S&P 500.  Also, Lennar (LEN), DR Horton (DHI), Pulte Group (PHM), and Toll Brothers (TOL) are up more than +6%.  In addition, Home Depot (HD) is up more than +3% to lead gainers in the Dow Jones industrials.

Airline stocks and cruise line operators are moving higher as today’s -3% plunge in crude oil to a 3.5-month low reduces fuel costs and boosts the companies’ profitability prospects. United Airlines Holdings (UAL), American Airlines Group (AAL), Carnival (CCL), and Royal Caribbean Cruises (RCL) are up more than +4%, and Alaska Air Group (ALK) and Norwegian Cruise Line Holdings (NCLH) are up more than +3%.  Also, Delta Air Lines (DAL) and Southwest Airlines (LUV) are up more than +2%.

Mining stocks are falling today, as gold, silver, and copper prices retreat.  Anglogold Ashanti (AU) is down more than -5%, and Freeport McMoRan (FCX) is down more than -4%.  Also, Coeur Mining (CDE), Southern Copper (SCCO), Barrick Mining (B), and Hecla Mining (HL) are down more than -3%.  In addition, Newmont Corp (NEM) is down more than -2%.

FuelCell Energy (FCEL) is up more than +5% after announcing it had reached an agreement with Fit Energy to supply 380 megawatts of clean on-site power for data centers using FuelCell Energy’s technology.

Twilio Inc (TWLO) is up more than +4% after Goldman Sachs initiated coverage on the stock with a buy recommendation and a price target of $300.

Honeywell Aerospace (HONAV) is up more than +3% after S&P Dow Jones Indices announced that the company will replace Conagra Brands in the S&P 500 before the opening of trading on Tuesday, June 30.

Terex Corp (TEX) is up more than +2% after D.A. Davidson initiated coverage on the stock with a buy recommendation and a price target of $81.

Cerebras Systems (CBRS) is down by more than 14% after its annual sales forecast missed high investor expectations.

Principal Financial Group (PFG) is down more than -4% after Bank of America Global Research downgraded the stock to underperform from neutral with a price target of $95.

Flowserve (FLS) is down more than -4% after TD Cowen downgraded the stock to hold from buy with a price target of $70.

FedEx Corp (FDX) is down more than -2% on disappointment in its first earnings report since completing the spin-off of its freight unit earlier this month.

Earnings Reports(6/24/2026)

Daktronics Inc (DAKT), HB Fuller Co (FUL), Immersion Corp (IMMR), Jefferies Financial Group Inc (JEF), Methode Electronics Inc (MEI), Micron Technology Inc (MU), Millerknoll Inc (MLKN), Novagold Resources Inc (NG), Paychex Inc (PAYX), Worthington Steel Inc (WS).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -1.44%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -3.29%.  September E-mini S&P futures (ESU26) fell -1.41%, and September E-mini Nasdaq futures (NQU26) fell -3.28%.

Stock indexes sold off sharply on Tuesday, with the S&P 500 posting a 1.5-week low and the Dow Jones Industrial Average and the Nasdaq 100 posting 1-week lows.  Concerns over the high valuations of chipmakers and memory stocks, among the biggest beneficiaries of the artificial-intelligence trade, have led to global selling in those sectors on Tuesday as investors question whether future returns can justify current spending on AI.  Tuesday’s +5% jump in International Business Machines limited losses in the Dow Jones Industrials.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Tuesday’s stock slump began in Asia, with Japan’s Nikkei Stock Average falling by more than -3%.  Also, South Korea’s Kospi index closed down more than -10%, as foreign investors offloaded more than $2.5 billion of Kospi shares.  South Korea’s SK Hynix and Samsung Electronics closed down by more than -12%, sparking forced liquidation that hit retail investors trading on margin, compounded by a wave of selling tied to leveraged exchange-traded funds (ETFs) tracking the two chip giants.

Stock indexes recovered from their worst levels on Tuesday amid signs of strength in the US economy, after the Jun S&P manufacturing PMI unexpectedly rose by +0.6 to 55.7, stronger than expectations of a decline to 54.6 and the strongest figure in 4 years.

On the negative side, the US Jun Richmond Fed manufacturing survey current conditions fell -9 to 4, weaker than expectations of 8.

The markets are discounting a 36% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.

Overseas stock markets settled sharply lower on Tuesday. The Euro Stoxx 50 fell to a 1-week low and closed down -1.28%.  China's Shanghai Composite fell from a 1-month high and closed down -1.37%. Japan’s Nikkei-225 Stock Average closed down -3.55%.

Interest Rates

September 10-year T-notes (ZNU6) on Tuesday closed up +4.5 ticks, and the 10-year T-note yield fell -1.6 bp to 4.493%.  T-notes settled higher as Tuesday’s sharp selloff in global equity markets fueled safe-haven demand for government debt securities.  Also, easing inflation expectations were supportive of T-notes, as the 10-year breakeven inflation rate fell to a 6-month low of 2.210% on Tuesday.  In addition, solid demand for the Treasury’s $69 billion auction of 2-year T-notes was positive for T-notes, as the auction had a bid-to-cover ratio of 2.64, better than the 10-auction average of 2.61.

Gains in T-notes were limited after the Jun S&P manufacturing PMI unexpectedly expanded at the strongest pace in four years, a hawkish factor for Fed policy.  Also, supply pressures are negative for T-notes as the Treasury will auction $211 billion of T-notes and floating-rate notes this week.

European government bond yields moved lower on Tuesday.  The 10-year German bund yield dropped to a 2.5-month low of 2.904% and finished down -3.3 bp to 2.919%.  The 10-year UK gilt yield fell -5.4 bp to 4.754%.

The Eurozone Jun S&P manufacturing PMI fell -0.3 to 51.3, weaker than expectations of no change at 51.6.  However, the Jun S&P composite PMI rose +1.0 to 49.5, stronger than expectations of 49.2.

Eurozone May new car registrations rose +3.2% y/y to 955,000 units, the fourth consecutive monthly increase.

ECB Chief Economist Philip Lane said ECB Officials face the risk that inflation will hover above their goal "for quite some time."

The UK Jun SP manufacturing PMI fell -0.8 to 53.1, weaker than expectations of 53.5.

Swaps are discounting a 10% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI-infrastructure stocks sold off sharply, driving Tuesday’s selloff in equity markets.  The iShares Semiconductor ETF (SOXX) closed down more than -8%.  Sandisk (SNDK) closed down more than -12% to lead the S&P 500 and Nasdaq 100 losers, and Micron Technology (MU) closed down more than -13%.  Also, ON Semiconductor (ON), ARM Holdings NV (ARM), and Microchip Technology (MCHP) closed down more than -10%, and Lam Research (LRCX), Analog Devices (ADI), Marvell Technology (MRVL),and KLA Corp (KLAC) closed down more than -9%.  In addition, Western Digital (WDC), ASML Holding NV (ASML), Applied Materials (AMAT), Texas Instruments (TXN), and Qualcomm (QCOM) closed down more than -8%, and NXP Semiconductors NV (NXPI) closed down more than -7%.  Finally, Intel (INTC) closed down more than -6%, Advanced Micro Devices (AMD) and Seagate Technology Holdings Plc (STX) closed down more than -5%, and Nvidia (NVDA) closed down more than -4% to lead losers in the Dow Jones Industrials.

Mining stocks were under pressure on Tuesday, as gold and silver prices fell sharply.  Coeur Mining (CDE) and Freeport McMoRan (FCX) closed down more than -6%, and Southern Copper (SCCO) and Hecla Mining (HL) closed down more than -5%.  Also, Newmont Corp (NEM), Barrick Mining (B), and Anglogold Ashanti (AU) closed down more than -3%.

Primoris Services (PRIM) closed down more than -21% after cutting its full-year profit outlook to $2.05 to $2.60 from a previous estimate of $4.80 to $5.00, well below the consensus of $4.74.

Best Buy (BBY) closed down more than -1% after announcing that CFO Bilunas will step down at the end of July after 20 years, including seven years as CFO.

Nike (NKE) closed down more than -1% after Evercore ISI downgraded the stock to inline from outperform.

Edgewell Personal Care Co (EPC) closed up more than +15% after rejecting an unsolicited takeover offer from Yellow Wood Partners, saying the $30 a share offer is too low.

International Business Machines (IBM) closed up more than +5% to lead gainers in the Dow Jones industrials after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $291.

CDW Corp (CDW) closed up more than +5% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $170.

GE HealthCare Technologies (GEHC) closed up more than +5% after RBC Capital Markets initiated coverage on the stock with an outperform rating and a price target of $80.

Target (TGT) closed up more than +3% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $162.

Avis Budget Group (CAR) closed up more than +2% after entering into a settlement agreement with Pentwater Capital Management, which will pay Avis $650 million to resolve a lawsuit seeking recovery of short-swing profits.

Earnings Reports(6/24/2026)

Daktronics Inc (DAKT), HB Fuller Co (FUL), Immersion Corp (IMMR), Jefferies Financial Group Inc (JEF), Methode Electronics Inc (MEI), Micron Technology Inc (MU), Millerknoll Inc (MLKN), Novagold Resources Inc (NG), Paychex Inc (PAYX), Worthington Steel Inc (WS).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is down -1.04%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.67%.  September E-mini S&P futures (ESU26) are down -1.00%, and September E-mini Nasdaq futures (NQU26) are down -2.66%.

Stock indexes are falling sharply today, with the S&P 500 posting a 1.5-week low and the Dow Jones Industrial Average and the Nasdaq 100 posting 1-week lows.  Concerns over the high valuations of chipmakers and memory stocks, among the biggest beneficiaries of the artificial-intelligence trade, have led to global selling in those sectors today as investors question whether future returns can justify current spending on AI.  Today’s +5% jump in International Business machines is limiting losses in the Dow Jones Industrials.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Today’s stock slump began in Asia, with Japan’s Nikkei Stock Average falling by more than -3%.  Also, South Korea’s Kospi index closed down more than -10%, as foreign investors offloaded more than $2.5 billion of Kospi shares.  South Korea’s SK Hynix and Samsung Electronics closed down by more than -12%, sparking forced liquidation that hit retail investors trading on margin, compounded by a wave of selling tied to leveraged exchange-traded funds (ETFs) tracking the two chip giants.

Stock indexes recovered from their worst levels today on signs of strength in the US economy, after the Jun S&P manufacturing PMI unexpectedly rose by +0.6 to 55.7, stronger than expectations of a decline to 54.6 and the strongest figure in 4 years.

On the negative side, the US Jun Richmond Fed manufacturing survey current conditions fell -9 to 4, weaker than expectations of 8.

The markets are discounting a 36% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.

Overseas stock markets are sharply lower today.  The Euro Stoxx 50 fell to a 1-week low and is down -0.93%.  China's Shanghai Composite fell from a 1-month high and closed down -1.37%. Japan’s Nikkei-225 Stock Average closed down -3.55%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +7 ticks, and the 10-year T-note yield is down -2.4 bp to 4.485%.  T-notes are climbing as today’s sharp selloff in global equity markets has fueled safe-haven demand for government debt securities.   Also, easing inflation expectations are supportive of T-notes, as the 10-year breakeven inflation rate fell to a 6-month low of 2.210% today.

Gains in T-notes are limited after the Jun S&P manufacturing PMI unexpectedly expanded at the strongest pace in four years, a hawkish factor for Fed policy.  Also, supply pressures are negative for T-notes as the Treasury will auction $69 billion of 2-year T-notes later today.

European government bond yields are moving lower today.  The 10-year German bund yield dropped to a 2.5-month low of 2.904% and is down -4.2 bp to 2.910%.  The 10-year UK gilt yield is down -5.6 bp to 4.752%.

The Eurozone Jun S&P manufacturing PMI fell -0.3 to 51.3, weaker than expectations of no change at 51.6.  However, the Jun S&P composite PMI rose +1.0 to 49.5, stronger than expectations of 49.2.

Eurozone May new car registrations rose +3.2% y/y to 955,000 units, the fourth consecutive monthly increase.

ECB Chief Economist Philip Lane said ECB Officials face the risk that inflation will hover above their goal "for quite some time."

The UK Jun SP manufacturing PMI fell -0.8 to 53.1, weaker than expectations of 53.5.

Swaps are discounting a 10% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI-infrastructure stocks are sharply lower, driving today’s selloff in equity markets.  The iShares Semiconductor ETF (SOXX) is down more than -7%.  Sandisk (SNDK) is down more than -11% to lead the S&P 500 and Nasdaq 100 losers, and Micron Technology (MU), ON Semiconductor (ON), Applied Materials (AMAT), Lam Research (LRCX), KLA Corp (KLAC), Western Digital (WDC), and Qualcomm (QCOM) are down more than -9%.  Also, Marvell Technology (MRVL) and ARM Holdings NV (ARM) are down more than -8%, and ASML Holding NV (ASML), Seagate Technology Holdings Plc (STX), Microchip Technology (MCHP), Analog Devices (ADI), NXP Semiconductors NV (NXPI), and Texas Instruments (TXN) are down more than -7%.  In addition, Advanced Micro Devices (AMD) is down more than -5%, and Intel (INTC) is down more than -3%.

Mining stocks are under pressure today, with gold and silver falling sharply to 1.5-week lows.  Coeur Mining (CDE) and Freeport McMoRan (FCX) are down more than -6%, and Southern Copper (SCCO) and Hecla Mining (HL) are down more than -5%.  Also, Newmont Corp (NEM), Barrick Mining (B), and Anglogold Ashanti (AU) are down more than -3%.

Primoris Services (PRIM) is down more than -26% after cutting its full-year profit outlook to $2.05 to $2.60 from a previous estimate of $4.80 to $5.00, well below the consensus of $4.74.

Best Buy (BBY) is down more than -3% after announcing that CFO Bilunas will step down at the end of July after 20 years, including seven years as CFO.

Nike (NKE) is down more than -1% after Evercore ISI downgraded the stock to inline from outperform.

Edgewell Personal Care Co (EPC) is up more than +14% after rejecting an unsolicited takeover offer from Yellow Wood Partners, saying the $30 a share offer is too low.

CDW Corp (CDW) is up more than +5% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $170.

International Business Machines (IBM) is up more than +5% to lead gainers in the Dow Jones industrials after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $291.

Avis Budget Group (CAR) is up more than +4% after entering into a settlement agreement with Pentwater Capital Management, which will pay Avis $650 million to resolve a lawsuit seeking recovery of short-swing profits.

GE HealthCare Technologies (GEHC) is up more than +3% after RBC Capital Markets initiated coverage on the stock with an outperform rating and a price target of $80.

Target (TGT) is up more than +3% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $162.

Earnings Reports(6/23/2026)

Carnival Corp Ltd (CCL), FedEx Corp (FDX), Hub Group Inc (HUBG), KB Home (KBH), Korn Ferry (KFY), Replimune Group Inc (REPL), Worthington Enterprises Inc (WOR), XCF Global Inc (SAFX). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

Why Was Tuesday Morning Like a Picture of a Polar Bear in a Blizzard?Stock Index Futures Plunge as Tech Selloff Rages On, U.S. PMI Data in FocusStocks Set to Open Mixed as Investors Weigh U.S.-Iran Progress, PCE Inflation Data and Fed Speak AwaitedThe Quiet Revolution at the Fed: The U.S. Banking Sector Received a Catalyst More Potent than Rate Cuts

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is down -1.26%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.69%.  September E-mini S&P futures (ESU26) are down -1.14%, and September E-mini Nasdaq futures (NQU26) are down -2.58%.

Stock indexes are falling sharply today, with the S&P 500 posting a 1.5-week low and the Dow Jones Industrial Average and the Nasdaq 100 posting 1-week lows.  Concerns over the high valuations of chipmakers and memory stocks, among the biggest beneficiaries of the artificial-intelligence trade, have led to global selling in those sectors today as investors question whether future returns can justify current spending on AI.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Today’s stock slump began in Asia, with Japan’s Nikkei Stock Average falling by more than -3%.  Also, South Korea’s Kospi index closed down more than -10%, as foreign investors offloaded more than $2.5 billion of Kospi shares.  South Korea’s SK Hynix and Samsung Electronics closed down by more than -12%, sparking forced liquidation that hit retail investors trading on margin, compounded by a wave of selling tied to leveraged exchange-traded funds (ETFs) tracking the two chip giants.

Today’s US economic news was supportive for stocks after the Jun S&P manufacturing PMI unexpectedly rose +0.6 to 55.7, stronger than expectations of a decline to 54.6 and the strongest figure in 4 years.

The markets are discounting a 36% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.

Overseas stock markets are sharply lower today.  The Euro Stoxx 50 fell to a 1-week low and is down -1.27%.  China's Shanghai Composite fell from a 1-month high and closed down -1.37%. Japan’s Nikkei-225 Stock Average closed down -3.55%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +7 ticks, and the 10-year T-note yield is down -2.2 bp to 4.487%.  T-notes are climbing as today’s sharp selloff in global equity markets has fueled safe-haven demand for government debt securities.   Also, easing inflation expectations are supportive of T-notes, as the 10-year breakeven inflation rate fell to a 6-month low of 2.217% today.  Gains in T-notes are limited due to supply pressures, as the Treasury will auction $69 billion of 2-year T-notes later today.

European government bond yields are moving lower today.  The 10-year German bund yield dropped to a 2.5-month low of 2.905% and is down -3.9 bp to 2.913%.  The 10-year UK gilt yield is down -4.1 bp to 4.767%.

The Eurozone Jun S&P manufacturing PMI fell -0.3 to 51.3, weaker than expectations of no change at 51.6.  However, the Jun S&P composite PMI rose +1.0 to 49.5, stronger than expectations of 49.2.

Eurozone May new car registrations rose +3.2% y/y to 955,000 units, the fourth consecutive monthly increase.

ECB Chief Economist Philip Lane said ECB Officials face the risk that inflation will hover above their goal "for quite some time."

The UK Jun SP manufacturing PMI fell -0.8 to 53.1, weaker than expectations of 53.5.

Swaps are discounting a 10% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI-infrastructure stocks are sharply lower, driving today’s selloff in equity markets.  The iShares Semiconductor ETF (SOXX) is down more than -7%.  Sandisk (SNDK) is down more than -12% to lead the S&P 500 and Nasdaq 100 losers, and Micron Technology (MU) is down more than -11%.  Also, ON Semiconductor (ON), Lam Research (LRCX), and Applied Materials (AMAT) are down more than -9%, and Western Digital (WDC), Qualcomm (QCOM), and KLA Corp (KLAC) are down more than -8%.  In addition, Marvell Technology (MRVL), Seagate Technology Holdings Plc (STX), ARM Holdings NV (ARM), and Texas Instruments (TXN) are down more than -7%, and Advanced Micro Devices (AMD), Microchip Technology (MCHP), Analog Devices (ADI), and Intel (INTC) are down more than -6%.

Mining stocks are under pressure today, with gold and silver falling sharply to 1.5-week lows.  Coeur Mining (CDE), Freeport McMoRan (FCX), and Southern Copper (SCCO) are down more than -6%, and Hecla Mining (HL) is down more than -5%.  Also, Newmont Corp (NEM) and Barrick Mining (B) are down more than -4%, and Anglogold Ashanti (AU) is down more than -3%.

Primoris Services (PRIM) is down more than -33% after cutting its full-year profit outlook to $2.05 to $2.60 from a previous estimate of $4.80 to $5.00, well below the consensus of $4.74.

Best Buy (BBY) is down more than -3% after announcing that CFO Bilunas will step down at the end of July after 20 years, including seven years as CFO.

Edgewell Personal Care Co (EPC) is up more than +13% after rejecting an unsolicited takeover offer from Yellow Wood Partners, saying the $30 a share offer is too low.

CDW Corp (CDW) is up more than +5% to lead gainers in the S&P 500 after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $170.

International Business Machines (IBM) is up more than +4% to lead gainers in the Dow Jones industrials after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $291.

Avis Budget Group (CAR) is up more than +4% after entering into a settlement agreement with Pentwater Capital Management, which will pay Avis $650 million to resolve a lawsuit seeking recovery of short-swing profits.

Target (TGT) is up more than +3% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $162.

Earnings Reports(6/23/2026)

Carnival Corp Ltd (CCL), FedEx Corp (FDX), Hub Group Inc (HUBG), KB Home (KBH), Korn Ferry (KFY), Replimune Group Inc (REPL), Worthington Enterprises Inc (WOR), XCF Global Inc (SAFX). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

Stock Index Futures Plunge as Tech Selloff Rages On, U.S. PMI Data in FocusStocks Set to Open Mixed as Investors Weigh U.S.-Iran Progress, PCE Inflation Data and Fed Speak AwaitedStocks Rally Before the Open on U.S.-Iran Peace DealNasdaq Futures Climb as Chip Stocks Rebound Ahead of First Fed Decision Under Warsh

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.