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Symbols
Symbols
Price
Change
% Change
Trend
Prev Close
Open
High
Low
Volume
Mkt Cap
SIXC
Communications
SIXC
Communications
SIXC
-1.74%
578.28
-10.24
-1.74%
—588.52588.52588.52576.28——
SIXY
Discretionary
SIXY
Discretionary
SIXY
-1.65%
2,333.70
-39.08
-1.65%
—2,372.782,347.732,362.782,332.04——
SIXE
Energy
SIXE
Energy
SIXE
+1.15%
1,214.81
+13.76
+1.15%
—1,201.051,208.671,223.321,206.57——
SIXT
Technology
SIXT
Technology
SIXT
-1.07%
3,536.61
-38.28
-1.07%
—3,574.893,491.933,583.853,451.66——
SIXM
Financials
SIXM
Financials
SIXM
-0.91%
693.63
-6.34
-0.91%
—699.97697.59702.22692.21——
US market summary
Wall Street benchmarks concluded the week on a negative note, snapping multi-week winning streaks for major indexes. The tech-heavy Nasdaq Composite led the declines with a 1.4% drop on Friday, while the S&P 500 and Dow Jones Industrial Average also suffered broad losses as investors cut exposure to richly valued sectors.
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Semiconductor sector falls under intense pressure amid global AI valuation doubts
Chipmaker equities extended their recent downward trajectory, with the semiconductor sector dropping 4.3% in a single session. Investor sentiment was further dampened by the release of a new open-source model from China's Moonshot AI, raising competitive concerns and compounding questions about whether the heavy financial buildout in artificial intelligence can support elevated corporate valuations.
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Netflix and corporate earnings soft guidance weigh heavily on communication services
Disappointing forward-looking corporate guidance exacerbated the broader market sell-off. Shares of streaming giant Netflix plunged over 7% after delivering a weaker-than-expected third-quarter outlook, leading a wider downturn across the S&P 500 communication services sector.
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Geopolitical escalation in the Middle East pushes energy sector higher against market trend
The energy sector stood out as the sole positive performer in the S&P 500 during the late-week downturn. Driven by escalating military hostilities involving U.S. airstrikes in Iran, crude oil prices jumped more than 4%, providing a direct lift to oil and gas equities amid fears of supply disruptions.
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