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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
U.S. stock benchmarks closed lower on Friday, ending the week with noticeable losses. The Nasdaq Composite dropped 1.4% to lead the decline, while the S&P 500 and Dow Jones Industrial Average fell 1.01% and 0.77%, respectively, amid a widespread selloff that erased recent gains.
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Semiconductor sector falls into a technical bear market
The Philadelphia Stock Exchange Semiconductor Index fell another 1.6% on Friday, accumulating a 20% decline from its peak in late June. Valuation concerns and heavy capital spending worries were exacerbated by news of an advanced artificial intelligence model release from Chinese startup Moonshot AI.
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Geopolitical friction drives crude oil prices sharply higher
Crude oil futures surged to their highest marks in more than a month following a re-escalation of military tension and direct infrastructure strikes involving the United States and Iran. Driven by supply fears around the Strait of Hormuz, the energy sector stood out as the sole positive performer in the S&P 500.
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Corporate earnings reports deliver disappointment from major firms
Corporate financial results failed to revive market confidence as prominent tech and medical device companies stumbled. Netflix shares plummeted over 7% due to weaker-than-anticipated revenue forecasts, while Intuitive Surgical dropped more than 13% after maintaining its baseline procedure growth projection.
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