S&P 500, Nasdaq 100 Dip From Record Highs As Investors Take Chipmaker Profits; Energy Sector Rebounds, Yields Rise: What's Driving Markets Thursday?

Benzinga06-21

After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This ...

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This ...</p>\n\n<a href=\"https://finance.yahoo.com/news/p-500-nasdaq-100-dip-174113241.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Nasdaq 100 Dip From Record Highs As Investors Take Chipmaker Profits; Energy Sector Rebounds, Yields Rise: What's Driving Markets Thursday?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500, Nasdaq 100 Dip From Record Highs As Investors Take Chipmaker Profits; Energy Sector Rebounds, Yields Rise: What's Driving Markets Thursday?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-21 01:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/p-500-nasdaq-100-dip-174113241.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This ...</p>\n\n<a href=\"https://finance.yahoo.com/news/p-500-nasdaq-100-dip-174113241.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOXX","symbol_name":"iShares费城交易所半导体ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/p-500-nasdaq-100-dip-174113241.html","article_id":"2445247496","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/t5IVekQ3GZ6C9wakLs9gXA--~B/aD01NzQ7dz0xMDIwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/4d3d1592b67443c67b355d95b05b0e98"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445247496","pubTimestamp":1718905273,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. 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This decline was driven by profit-taking in chipmaker stocks and rising Treasury yields, which dampened risk sentiment.\nThe iShares Semiconductor ETF (NASDAQ:SOXX) fell by 2.4%, marking its worst session since May 1, after reaching technically “overbought” levels earlier in the week.\nOil prices surged above $81 a barrel, aiming for the highest close since late April. This was spurred by larger-than-expected drops in U.S. inventories last week, fueling a rally in oil-related companies.\nSmall caps also softened, whereas blue chips saw a rebound, with the Dow Jones Industrial Average outperforming other major indices with a 0.4% gain.\nLong-dated Treasury yields rose, with the 10-year yield up by 5 basis points to 4.27%, following mixed economic data released earlier in the day. Jobless claims slightly increased more than expected last week, and a manufacturing activity gauge in the Philadelphia region fell short of estimates, reaching its lowest level in five months. \nAdditionally, housing data showed sharp declines in both housing starts and building permits, reigniting concerns about a tight real estate market.\nBonds fell, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) down 0.9%. The U.S. dollar index (DXY) rose 0.4%, with the greenback gaining ground against all major currencies.\nThe Bank of England kept its key policy rate unchanged at 5.25%, as expected, while the Swiss National Bank cut rates by 0.25 percentage points to 1.25%. Consequently, the British pound and the Swiss franc fell by 0.5% and 0.8%, respectively, against the dollar.\nGold, tracked by the SPDR Gold Trust (NYSE:GLD), rose by 1.1%, while Bitcoin (CRYPTO: BTC) remained flat below $65,000.\nMonday’s Performance In Major US Indices, ETFs\n\n\n\nMajor Indices\nPrice\n1-day %chg\n\n\nDow Jones\n38,982.71\n0.4%\n\n\nS&P 500\n5,477.61\n-0.2%\n\n\nRussell 2000\n2,020.24\n-0.3%\n\n\nNasdaq 100\n19,793.76\n-0.6%\n\n\n\nUpdated at 12:55 pm ET\nAccording to Benzinga Pro data:\n\nThe SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.3% lower to $547.24.\nThe SPDR Dow Jones Industrial Average (NYSE:DIA) was 0.4% higher to $390.90.\nThe tech-heavy Invesco QQQ Trust (ARCA: QQQ) was 0.6% lower to $482.43.\nSector-wise, the Energy Select Sector SPDR Fund (NYSE:XLE) outperformed, up by 1.8%, while the Technology Select Sector SPDR Fund (NYSE:XLK) lagged, falling 0.9%.\n\nMonday’s Stock Movers\n\nThe world’s biggest company Nvidia Corp. witnessed a 2% decline, while Qualcomm Inc. (NASDAQ:QCOM), Micron Technology Inc. (NASDAQ:MU) and Wolfspeed Inc. (NASDAQ:WOLF) all tumbled by over 5%.\nAdvanced Micro Devices Inc. (NASDAQ:AMD) surged nearly 4%, outperforming all other chipmakers. This rise followed the announcement that Sun Singapore Systems, the largest parking solutions provider in Singapore, has selected AMD to power its AI-based parking management platform.\nSolar-related stocks experienced sharp declines after JPMorgan reduced price targets on Enphase Energy Inc. (NASDAQ:ENPH) from $128 to $124 and on SolarEdge Technologies Inc. (NASDAQ:SEDG) from $73 to $59.\nGilead Sciences Inc. (NASDAQ:GILD) soared over 8% after the company announced that a twice-yearly antiviral injection had successfully prevented HIV in all test subjects during a trial involving thousands of women and girls in South Africa and Uganda.\nAccenture plc (NYSE:ACN) rose over 6%, despite missing both revenue and earnings estimate last quarter. \nOther stocks reacting to company earnings were The Kroger Company (NYSE:KR), down 2.8%, Darden Restaurants Inc. (NYSE:DRI), down 1.5%, Jabil Inc. (NYSE:JBL), down 8.7% and Commercial Metals Company (NYSE:CMC), up 5%. \n\nRead now: Supreme Court Upholds 2017 Tax On Foreign Profits For US Businesses\nIllustration created using artificial intelligence via MidJourney. \n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nAPPLE (AAPL): Free Stock Analysis Report\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article S&P 500, Nasdaq 100 Dip From Record Highs As Investors Take Chipmaker Profits; Energy Sector Rebounds, Yields Rise: What's Driving Markets Thursday? originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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