Chip, Storage Shares Drop. SOXL, SanDisk Down Nearly 10%; Applied Materials Down 7%; Seagate Tech, WDC Down 6%; Micron, AMD Down 4%
Chip, storage shares rebounded in premarket trading. SOXL up 5% after an initial decline of 5%; Applied Materials up 3%; Micron, SMCI, Intel, SanDisk up around 2%.
US Job Growth Misses Expectations in June; Unemployment Rate Falls to 4.2%
U.S. job growth slowed more than expected in June and data for the prior month was revised lower, but the unemployment rate fell to 4.2%, pointing to continued labor market stability.Nonfarm...
Software Stocks Are on Fire. Here’s Why the Party Can Keep Going This Year
Smaller software stocks have been on a tear this year, and the sector broadly stands to benefit from lower costs for AISoftware stocks have beaten chip stocks this year — and more dramatically so over