Tech, megacaps drag Wall St to lower close as big market week kicks off
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
'Investors should fade YTD rally' argues JPMorgan's Kolanovic
January 30, 2023 1:21 PM ESTJPMorgan analyst Marko Kolanovic told investors on Monday that they should fade the year-to-date-rally rally as recession risks are merely postponed rather than diminished.
"Fundamental confirmation for the next leg higher might not come, and instead markets could encounter an air-pocket of weaker earnings, activity, and capex,"... More
S&P 500 could overshoot 4600 in H1 2023 - Oppenheimer
January 30, 2023 7:30 AM ESTWhile some equity strategists, like Morgan Stanleys Michael Wilson, see this weeks Fed meeting as a catalyst for stocks to rotate lower, some also see a chance for the rally to extend beyond the critical resistance of 4100.
Oppenheimers Ari Wald argues that the S&P 500 has finally managed to reverse its 2022 downtrend after the index broke above the descending trend line.
We expect strength to continue over the coming months, because 1) our cycle... More
