Market news
Crypto, stocks, forex and macro, aggregated for traders.
S&P 500 Tech-Led Correction After Chip Rout – Deutsche Bank
Deutsche Bank reports that the S&P 500 and Nasdaq fell last week amid a global tech sell-off, pushing the Magnificent 7 into correction territory. Chipmakers led the decline as the Philly Semiconductor Index slumped despite Micron's revenue release.
SK Square Shares Drop 8% on Selling Pressure
SK Square shares fell 8% amid strong selling pressure and broader market caution, with sentiment in the tech segment remaining weak.
Monex Group Tightens Executive Pay-Performance Link in Governance Overhaul
Monex Group announced governance reforms strengthening the link between executive compensation and company performance.
US Court Dismisses Dulles Greenway Rate Case; Trip II Weighs Appeal
A U.S. court has dismissed the federal litigation over the 2024 Dulles Greenway rate case, while Trip II is deliberating whether to appeal the ruling. Legislative reforms now allow toll applications of up to two years with defined SCC timelines.
Karoon Energy Revises 2026 Capex to $178-202M, Sees Cost Savings
Karoon Energy updated its 2026 capital expenditure guidance, projecting total spending between $178 million and $202 million, with detailed allocations for its Baúna, Who Dat, and Neon assets. The company also anticipates lower sustaining capital needs at Baúna and annual operating cost savings of $30-40 million following the FPSO transition.
Kunlunxin, Baidu's AI Chip Unit, Targets $50B Hong Kong IPO
Baidu's AI chip subsidiary Kunlunxin is targeting a $50 billion valuation in a Hong Kong IPO, with subscribers required to pledge chip acquisitions worth 3-7 times their investment.
Apple Seeks Trump Approval to Buy Chips from Blacklisted Chinese Firm CXMT
Apple is seeking approval from the Trump administration to purchase memory chips from Chinese company CXMT, which is on the US blacklist due to alleged military ties, according to the Financial Times.
US ETFs Attract Over $1 Trillion in Inflows in 2026, on Pace for Record Year
US-listed ETFs have seen over $1 trillion in inflows year-to-date in 2026, on track to surpass $2 trillion by year-end, which would be a 33% increase from 2025's record. A record number of ETF launches also continues.
Retail Investors in SpaceX IPO Underwater After Record First-Week Buying
Retail investors who bought SpaceX ($SPCX) during its IPO are now sitting on losses after a record $405 million in first-week buying.
Apple Seeks US Approval to Source Memory Chips from China's CXMT
Apple is asking the U.S. government for clearance to buy memory chips from Chinese DRAM maker CXMT, aiming to ease supply shortages and rising costs driven by AI demand. The proposal is politically sensitive as CXMT is on the Pentagon's Chinese Military Company blacklist, though no current law bans purchases.
Apple Plans First Touchscreen MacBook Pro Later This Year
Apple is reportedly preparing to launch its first touchscreen MacBook Pro this year, marking a major shift from its long-standing opposition to touchscreen Macs. The device would combine traditional laptop functionality with touch input, potentially strengthening Apple's position in the premium laptop market.
Dow Jones Industrial Average Rallies 1%, Nears 52,000
The Dow Jones Industrial Average posted a weekly gain of over 1%, closing just below 52,000, with the record high near 52,300 still in sight.
Retail Investors Flood Chip ETFs with $22.5B Year-to-Date
Retail investors have purchased a record $22.5 billion in US-listed semiconductor ETFs year-to-date, with monthly purchases reaching $12 billion in the past month, the highest on record. Options spending on chip stocks also hit new highs.
Many Tech Stocks Are in Bear Market Territory, Down Up to 69% from Highs
A list of major tech stocks shows declines ranging from 12% to 69% from their record highs, indicating that several are deep in bear market territory, even as the S&P 500 remains relatively resilient.
Rotation Hits AI Stocks: Palantir, Oracle Lead S&P 500 Declines
A rotation in US stocks is hitting AI-related names hardest, with Palantir and Oracle dropping 18% and 16% respectively.
Apple Shares Slump on Rising Chip Cost Headwinds
Apple stock fell sharply on June 26 as price increases on MacBooks and iPads to offset surging memory and storage chip costs weighed on investor sentiment.
Tech Selloff Spreads to Asia as Risk Sentiment Weakens – DB
Deutsche Bank strategists note that technology weakness extended from the Magnificent 7 and Apple into Asian markets, weighing on risk sentiment and US equities despite resilience in chip stocks.
HSBC Raises Micron Price Target to $170 on AI Memory Demand
HSBC has increased its price target for Micron Technology to $170 from $110, citing strong AI-driven memory demand.
Apple Stock Falls 6% on Price Hikes, Chip Shortage Fears
Apple shares dropped over 6% on Thursday after the company announced price increases, raising concerns about margin pressure from chip shortages and rising input costs.
Dow Jones Futures Fall on Energy, Geopolitical Anxieties
Dow Jones futures declined 0.13% to near 52,270 in early European trading on Friday, while S&P 500 and Nasdaq 100 futures also dropped amid energy and geopolitical concerns.
Danske Bank: Rotation in Equities Continues with Strong Macro Backdrop
Danske Research highlights ongoing sector and regional rotation in global equities, noting that European and Asian stocks are advancing while US equities lag.
Asian Markets Tumble as Apple Price Hike Stirs Inflation Fears; KOSPI Drops Over 8%
Asian equity markets slumped on Friday, with South Korea's KOSPI falling over 8%, after Apple's price increase due to memory chip shortages fueled global inflation fears and concerns about corporate earnings.
Retail Investors Buy Record $12 Billion in US Semiconductor ETFs
Retail investors purchased a record ~$12 billion in US semiconductor ETFs over the past month, with inflows surging 1,200% since April, indicating aggressive retail participation in AI and chip stocks.
Thndr Launches Digital Gold Investment Product
Thndr launched Thndr Gold, letting users buy, sell and track 24-karat gold from as little as 0.001 gram directly in its app, with a 1% transaction fee.