Technology stocks were trading higher in premarket trading Monday as the Nasdaq Composite looked set to finally snap its five-day losing streak.
Semiconductor companies, other artificial-intelligence stocks, and the Magnificent Seven were among those rebounding to start the week.
Microsoft jumped 2% ahead of the open, while Amazon, Alphabet, Nvidia, Meta and Tesla were all up around 1%. Apple was the only member of the Mag 7 group not getting a boost. Every member of the group has fallen at least 9% this month, while Microsoft has fallen17% in June.
Alphabet gained 1.5% ahead of its first day of trading in the Dow Jones Industrial Average. The Google parent is replacing Verizon Communications, which was down 0.4%.
Intel, Palantir, and Super Micro Computer rose and were among the most actively traded stocks, along with memory-chip maker Micron. Palantir jumped 5% Friday to snap a seven-day losing streak and was up more than 2% Monday.
Comcast stock surged 16% after the cable and entertainment giant announced plans to split into two public companies through a spinoff of NBCUniversal and Sky.
SpaceX has also joined a new index--the Russell 1000--and the stock was up around 1.5% early Monday, having fallen 24% since its closing high on June 16. The satellite and rocket company will also join the Nasdaq 100 on July 7.
Applied Materials and Lam Research were both up around 3.5% after Samsung and SK Hynix pledged to spend more than $500 billion to build new chip-making hubs in South Korea. Applied and Lam both supply equipment essential to the semiconductor manufacturing process.
Write to Callum Keown at callum.keown@dowjones.com
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(END) Dow Jones Newswires
June 29, 2026 06:25 ET (10:25 GMT)
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