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Symbols
Price
Change
% Change
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Open
High
Low
Volume
Mkt Cap
SIXT
Technology
SIXT
Technology
SIXT
-2.74%
3,558.10
-100.14
-2.74%
3,658.243,614.983,614.983,556.43
SIXR
Staples
SIXR
Staples
SIXR
+2.68%
866.75
+22.60
+2.68%
844.15850.16866.86850.16
SIXV
Health care
SIXV
Health care
SIXV
+2.27%
1,636.63
+36.36
+2.27%
1,600.271,614.551,643.331,614.55
SIXRE
Real estate
SIXRE
Real estate
SIXRE
+1.58%
222.42
+3.47
+1.58%
218.95218.95223.09218.95
SIXE
Energy
SIXE
Energy
SIXE
+0.94%
1,200.81
+11.13
+0.94%
1,189.681,191.261,206.811,191.26
US market summary
Major tech and chipmaker stocks faced downward pressure, dragging down both the Nasdaq Composite and S&P 500. Despite stellar quarterly earnings from major semiconductor players like TSMC, investor anxieties regarding high valuations and elevated future capital expenditures triggered notable pullbacks across the sector.
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Strong corporate earnings provide a lift to the Dow Jones Industrial Average
In contrast to the tech sell-off, the Dow Jones Industrial Average moved higher on the back of encouraging second-quarter earnings reports. Financial giants and healthcare firms such as Morgan Stanley, BlackRock, and UnitedHealth Group surpassed market expectations, boosting investor optimism for non-tech sectors.
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Mixed macroeconomic signals emerge from retail sales and labor data
Fresh economic reports presented a complex picture for the domestic landscape, as June retail sales grew marginally and met core expectations. Concurrently, a drop in weekly jobless claims indicated that the labor market remains highly resilient despite ongoing macroeconomic headwinds.
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Favorable inflation readings shift monetary policy expectations
Encouraging updates on wholesale and consumer prices have fueled optimism that domestic inflation pressures are beginning to subside. The milder economic data caused government bond yields to moderate, prompting debate over whether the Federal Reserve will defer upcoming interest rate hikes.
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