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Symbols
Symbols
Price
Change
% Change
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Open
High
Low
Volume
Mkt Cap
SIXT
Technology
SIXT
Technology
SIXT
-1.95%
3,645.04
-72.67
-1.95%
3,717.713,652.313,652.313,646.38
SIXR
Staples
SIXR
Staples
SIXR
+0.90%
857.47
+7.64
+0.90%
849.83853.76855.87853.76
SIXI
Industrials
SIXI
Industrials
SIXI
-0.89%
1,841.57
-16.59
-0.89%
1,858.161,848.321,848.321,841.53
SIXRE
Real estate
SIXRE
Real estate
SIXRE
+0.73%
221.08
+1.61
+0.73%
219.06219.47221.02219.47
SIXV
Health care
SIXV
Health care
SIXV
+0.61%
1,584.29
+9.60
+0.61%
1,574.691,576.061,582.511,576.06
US market summary
The Nasdaq Composite and S&P 500 futures fell on Friday as a global retreat in technology and AI-related stocks deepened. Investor sentiment was rattled by reports that OpenAI might delay its initial public offering until 2027, alongside rising costs for memory components that have already prompted price hikes at major firms like Apple.
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Mixed economic signals influence Treasury yields and Fed expectations
U.S. Treasury yields fell slightly following a May Personal Consumption Expenditures reading that largely met expectations, though underlying inflation remains elevated. While some investors hope for a pause, the Federal Reserve's hawkish stance and a core PCE rate of 3.4% continue to fuel expectations of a potential interest rate hike later this year.
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Micron surges on robust AI demand despite broader sector weakness
Micron Technology shares jumped after reporting stellar earnings that exceeded analyst expectations for both revenue and profit. The company cited a persistent shortage of memory chips and strong long-term demand for AI infrastructure as key drivers, contrasting with the general sell-off seen in other high-growth technology assets.
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Cryptocurrencies under pressure as Bitcoin falls below key thresholds
Digital assets faced continued selling pressure on June 26, with Bitcoin trading below $60,000 and reaching its lowest levels since late 2024. This downturn is attributed to a broader rotation out of high-risk assets and a sixth consecutive week of net outflows from U.S. spot Bitcoin ETFs.
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