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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
Major equity benchmarks tumble as tech corrections accelerate
U.S. stock indexes fell sharply at the end of the week, putting an end to recent winning streaks across the board. The Nasdaq Composite fell 1.4% to lead the losses, while the S&P 500 and the Dow Jones Industrial Average dropped 1% and 0.8% respectively, confirming a losing week for all three major averages.
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Semiconductor sector enters bear market territory amid valuation concerns
Chipmaker stocks experienced a steep downward correction, dragging down the broader technology sector following the release of a new artificial intelligence system by a Chinese competitor. The Philadelphia Stock Exchange Semiconductor Index extended its recent losses, marking a 20% decline from its high point in June and officially entering a bear market.
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Geopolitical strains trigger energy sector gains and push crude higher
Escalating international tensions involving military actions against targets in Iran pushed commodity markets into a defensive stance. Amidst a broader market sell-off, energy was the solitary sector in the S&P 500 to finish in positive territory on Friday as Brent crude prices surged over 4%.
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Streaming giant falls on softer outlook forecasts
Netflix experienced heavy selling pressure, with its stock price sliding roughly 7% to 11% by Friday's market close. Investors reacted negatively to the company's third-quarter revenue projection, which fell short of Wall Street estimates as competition intensifies.
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