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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 to log weekly losses
Wall Street wrapped up a volatile week in negative territory, snapping multi-week winning streaks for the major averages. The tech-heavy Nasdaq Composite spearheaded the downturn with a 1.4% decline on Friday, bringing its weekly loss to 2.9%. Meanwhile, the S&P 500 and the Dow Jones Industrial Average dropped 1% and 0.8% respectively to close out the session.
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Semiconductor sector falls into bear market territory
Chipmaker stocks extended their recent slide, driving the PHLX Semiconductor Index into a technical bear market with a 20% decline from its June historical peak. The rout intensified following the release of an advanced artificial intelligence model by Chinese startup Moonshot AI, which heightened fears of increased international competition and prompted investors to reassess elevated sector valuations.
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Disappointing guidance triggers steep selloff in Netflix
Shares of the digital streaming pioneer tumbled over 7% during late-week trading after the company released a conservative growth outlook for the upcoming third quarter. This weak projection exacerbated an ongoing risk-off sentiment in the communication services sector, dragging down other prominent megacap internet companies.
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Middle East conflicts push crude prices higher while energy stocks gain
Escalating geopolitical tensions between the United States and Iran around the Persian Gulf sparked a significant rally in commodity markets, with Brent crude logging sizable weekly gains. The surge in oil prices made energy the sole advancing sector within the S&P 500 during Friday's broad market downturn.
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