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arrow_downward Symbols arrow_downward Symbols | arrow_downward Price | arrow_downward Change | arrow_downward % Change | Trend | arrow_downward Prev Close | arrow_downward Open | arrow_downward High | arrow_downward Low | arrow_downward Volume | arrow_downward Mkt Cap | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SIXC Communications | SIXC -1.74% arrow_downward | 578.28 | -10.24 arrow_downward | -1.74% arrow_downward | — | 588.52 | 588.52 | 588.52 | 576.28 | — | — |
SIXY Discretionary | SIXY -1.65% arrow_downward | 2,333.70 | -39.08 arrow_downward | -1.65% arrow_downward | — | 2,372.78 | 2,347.73 | 2,362.78 | 2,332.04 | — | — |
SIXE Energy | SIXE +1.15% arrow_upward | 1,214.81 | +13.76 arrow_upward | +1.15% arrow_upward | — | 1,201.05 | 1,208.67 | 1,223.32 | 1,206.57 | — | — |
SIXT Technology | SIXT -1.07% arrow_downward | 3,536.61 | -38.28 arrow_downward | -1.07% arrow_downward | — | 3,574.89 | 3,491.93 | 3,583.85 | 3,451.66 | — | — |
SIXM Financials | SIXM -0.91% arrow_downward | 693.63 | -6.34 arrow_downward | -0.91% arrow_downward | — | 699.97 | 697.59 | 702.22 | 692.21 | — | — |
US market summary
US stock benchmarks suffer weekly losses as tech rout deepens
Major equity indexes concluded the week in negative territory, pressured heavily by a broad-based tech selloff. The tech-heavy Nasdaq Composite dropped 1.4% on Friday to close at 25,520.24, experiencing a 2.9% loss for the week, while the S&P 500 and Dow Jones Industrial Average slid 1.6% and 0.9% over the five sessions respectively.
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Semiconductor sector falls into bear market on foreign competition and valuation doubts
The high-profile semiconductor cohort continued its steep decline, officially slipping into a bear market after falling roughly 20% from its recent peak. Investor confidence was shaken by a massive open AI model breakthrough from Chinese startup Moonshot AI, which worsened existing anxieties over overextended valuations and high AI spending caps.
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Geopolitical conflict in the Middle East drives crude oil prices higher
Renewed tensions and escalating airstrikes between the United States and Iran have triggered a risk-off mood across global financial markets. Brent crude prices jumped significantly due to supply concerns around the critical Strait of Hormuz, presenting an inflation threat that has also impacted broader asset classes.
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Netflix shares tumble following disappointing growth outlook
Netflix experienced a sharp decline in its stock price, plunging around 11% on Friday after releasing its financial guidance. Investors aggressively rotated out of the streaming giant following warnings from management that near-term subscriber and revenue growth momentum would slow heading into the third quarter.
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