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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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SIXT Technology | SIXT -2.61% arrow_downward | 3,738.33 | -100.26 arrow_downward | -2.61% arrow_downward | — | 3,838.59 | 3,772.44 | 3,787.04 | 3,735.58 | — | — |
SIXC Communications | SIXC +2.28% arrow_upward | 573.84 | +12.79 arrow_upward | +2.28% arrow_upward | — | 561.05 | 561.05 | 579.64 | 561.05 | — | — |
SIXM Financials | SIXM +2.13% arrow_upward | 675.90 | +14.10 arrow_upward | +2.13% arrow_upward | — | 661.80 | 663.33 | 679.64 | 663.19 | — | — |
SIXU Utilities | SIXU -1.30% arrow_downward | 906.52 | -11.98 arrow_downward | -1.30% arrow_downward | — | 918.50 | 918.31 | 918.31 | 904.33 | — | — |
SIXI Industrials | SIXI -1.06% arrow_downward | 1,849.64 | -19.77 arrow_downward | -1.06% arrow_downward | — | 1,869.41 | 1,863.02 | 1,872.21 | 1,843.05 | — | — |
US market summary
Equity markets retreat from record highs to start July
Major U.S. stock indexes fell on July 1st following a strong first half of the year that saw significant double-digit gains for the Nasdaq and S&P 500. While the Dow Jones Industrial Average reached a new intraday record high, it ultimately closed lower alongside other benchmarks as investors locked in profits following their best quarterly performances since 2020.
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Semiconductor selloff weighs on tech-heavy benchmarks
The technology sector faced significant pressure as high-flying chipmakers like Micron Technology, Sandisk, and Intel saw sharp declines of up to 10% in a single session. This volatility in the semiconductor industry dragged down the Nasdaq Composite and the S&P 500, even as other segments like software and cloud infrastructure saw selective gains.
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Mixed economic data fuels Fed interest rate uncertainty
Federal Reserve Chairman Kevin Warsh signaled that while inflation risks have diminished recently, price stability remains a primary concern. The markets are closely monitoring weaker-than-expected manufacturing and private-sector hiring data ahead of the June nonfarm payrolls report to determine if the central bank will hike rates later this month.
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Meta rises on cloud infrastructure and AI expansion plans
Meta Platforms outperformed its peers after reports emerged that the company plans to sell surplus computing power and access to its AI models, competing directly with major cloud providers. The stock surged nearly 9% in response, helping to offset broader losses among other mega-cap technology firms.
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