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S&P 500 futures fall after index snaps 9-day win streak amid rising Middle East tensions: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq futures slip as Iran war threatens to drag on Yahoo FinanceWall Street ends lower as Middle East tensions escalate ReutersDow Jones Futures Fall, Oil Prices Rise As Trump Sets New Hormuz Target Date; Palo Alto, Marvell Are Early Movers Investor
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Earnings are the principal driver behind the breathtaking rallies achieved by Korean and Taiwanese benchmark indices in 2026, and Goldman Sachs thinks the market is still underestimating the longevity of the chip cycle.
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Stock Market News, June 3, 2026: Dow Falls More Than 600 Points Amid Mideast Clashes WSJWall Street ends lower as Middle East tensions escalate ReutersStock market today: Dow, S&P 500, Nasdaq futures slip as Iran war threatens to drag on Yahoo FinanceOil settles at highest price in over a week. ‘Oil tanks are getting emptier each week Hormuz stays closed.' MarketWatch
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Like Palo Alto Networks before it, CrowdStrike beats financial expectations but sees its stock get punished
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SpaceX Targets IPO Price of $135, Raising $75 Billion Barron'sSpaceX sets $135 price for blockbuster IPO, upending Wall Street convention Yahoo FinanceSpaceX says its worth $1.75tn as it nears stock market debut BBCSpaceX's Capital Needs Are Out of This World Bloomberg.comSpaceX sets the stage for a record $75 billion IPO CNN
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The powerful stock-market rally took a breather on Wednesday after a solid stretch of gains. As of the closing bell, the S&P 500 had wiped out its advance from earlier in the week, placing a lengthy weekly winning streak in jeopardy.
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Broadcom Stock Slides Despite AI-Fueled Beat-And-Raise Report Investor's Business DailyBroadcom stock slips on disappointing software revenue CNBCBroadcom's stock falls despite accelerating AI-chip growth MarketWatchBroadcom's second-quarter revenue misses estimates as competition bites Reuters
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Broadcom Inc. Announces Second Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend BroadcomBroadcom stock slip on revenue miss CNBCBroadcom stock hovers at all-time highs ahead of earnings Yahoo FinanceBroadcom Stock Faces Earnings Test as AI Chip Revenue Surges Barron's
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The Federal Reserve served up a widely expected third consecutive jumbo rate hike when it concluded its regularly scheduled two-day meeting on Wednesday. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points. (A basis point equals 0.01%.)
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Although the move matched consensus expectations, a significant portion of the bond market - and plenty of traders and tacticians, for that matter - were bracing for a whopping 100 bp rate hike. Uncertainty over just how hawkish the Fed would reveal itself to be has cast a pall on equities over the preceding weeks, and so a rate hike of "only" three-quarters of a percentage point was actually met with some relief. Stocks sold off sharply when the Fed released its statement at 2 p.m. Eastern, but then drifted back into positive territory during Powell's press conference, which began a half-hour later.
Ultimately, however, the major indexes finished in the red. That's because the Fed's bottom line is that inflation is by no means under control. And while there might be ample anecdotal and emotional evidence pointing to the contrary, the economy is simply running too hot. An imbalance in supply and demand in the labor market and related strong real wage growth, snarled supply chains and a rising dollar are just some of the factors confounding monetary policymakers - not to mention corporate revenues and profit margins.
As we've
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