Market News

Overnight Developments No major macro or geopolitical surprises overnight. US futures point to a flat-to-slightly-higher open. The notable pre-market story is a watchlist name — NuScale Power (SMR) — sliding on fresh analyst downgrades. Futures & Pre-Market Index Futures Change S&P 500 7,569.00 +0.16% NASDAQ 30,201.25 +0.12% DOW 51,740.00 +0.26% Watchlist Movers SMR -3.37% pre-market ($12.00) — Goldman Sachs and Citi both cut targets; Goldman to $9, Citi to $7 with a Sell rating, citing execution risk and the lack of firm SMR-technology sales despite South Korea investment talks. International Markets Asia closed lower — Nikkei -1.12%, Hang Seng -1.15%, Shanghai -0.82%. Europe is modestly higher in early trade, with the FTSE 100 +0.50% and the DAX +0.35%. ...

Market Snapshot Index Close Change % Change S&P 500 7,383.74 -200.57 -2.64% NASDAQ 25,709.43 -1,121.53 -4.18% DOW 50,866.78 -695.15 -1.35% Russell 2000 2,833.50 -101.83 -3.47% VIX 21.51 +6.12 +39.77% A broad, fear-driven sell-off. The NASDAQ shed more than 4% as semiconductors led the rout, the VIX spiked nearly 40%, and the damage cut across nearly every risk asset — including gold and oil. Defensive healthcare was one of the only places to hide. ...

Overnight Developments Tech-Led Selloff Drives Futures Divergence — CNBC A sharp split is opening between tech and the rest of the market. NASDAQ futures are down -0.76% while DOW futures are up +0.50% — a classic rotation out of growth and into value/cyclicals. Weak guidance from semiconductor and cybersecurity names appears to be the trigger, dragging Asian chip-heavy indices lower overnight. Affected sectors: Technology, Semiconductors, Cybersecurity Middle East Tensions Persist — Reuters Continued escalation risk in the Middle East is supporting a safe-haven and energy/defense bid, reinforcing the divergence between the DOW and the NASDAQ. Impact is moderate and currently expressed more through sector rotation than a broad risk-off move. Affected sectors: Energy, Defense ...

Market Snapshot Index Close Change % Change S&P 500 7,584.31 +30.63 +0.41% NASDAQ 26,830.96 -23.02 -0.09% DOW 51,561.93 +874.86 +1.73% Russell 2000 2,935.33 +41.81 +1.45% VIX 15.40 -0.70 -4.35% A textbook rotation day: the Dow ripped to a record while the Nasdaq slipped, as a Broadcom earnings miss sank semis and money rotated into healthcare, cyclicals, and small caps. The VIX fell to 15.4, helped by an easing Middle East backdrop. ...

Market Snapshot Index Close Change % Change S&P 500 7,553.68 -56.10 -0.74% NASDAQ 26,853.98 -239.92 -0.89% DOW 50,687.07 -620.72 -1.21% Russell 2000 2,893.51 -38.45 -1.31% VIX 16.06 +0.28 +1.77% Breaking News & Macro Events Iran Launches Missiles at Kuwait and Bahrain — The Motley Fool Iran struck infrastructure in Kuwait and Bahrain, escalating Middle East tensions and reigniting fears over Strait of Hormuz supply disruption. The strikes pushed crude higher (WTI +1.7% to $96.33) and triggered a broad risk-off move across equities, with small caps (Russell -1.31%) and the Dow (-1.21%) leading declines. This was the primary catalyst behind today’s selloff. ...

Overnight Developments U.S.–Iran Talks Collapse; Strait of Hormuz Blockade Threatened — CNBC Iranian state media reported that Tehran’s negotiators will halt all back-channel messaging with the U.S. and signaled a move to fully block the Strait of Hormuz. A blockade of the world’s most important oil chokepoint would be a major escalation — watch crude, energy names, and shipping for a risk-on/risk-off split. Despite the headline, U.S. futures are holding green for now. Affected sectors: Energy, Transportation, Defense, Broad market ...

Market Snapshot Index Close Change % Change S&P 500 7,609.78 +9.82 +0.13% NASDAQ 27,093.90 +7.09 +0.03% DOW 51,307.79 +228.91 +0.45% Russell 2000 2,931.96 +26.20 +0.90% VIX 15.77 -0.28 -1.74% The S&P 500 closed above 7,600 for the first time, with breadth doing the heavy lifting — the Russell 2000 (+0.90%) and Dow (+0.45%) outpaced a flat Nasdaq. The VIX slipped under 16, signaling calm on the surface even as the AI trade fractured underneath. ...

Market Snapshot Index Close Change % Change S&P 500 7,599.96 +19.90 +0.26% NASDAQ 27,086.81 +114.19 +0.42% DOW 51,078.88 +46.42 +0.09% Russell 2000 2,905.76 -13.58 -0.47% VIX 16.05 +0.71 +4.63% The S&P 500 and NASDAQ both closed at fresh record highs, but the gains were narrow — small caps (Russell 2000) fell and the VIX ticked up, signaling investors rotated into a handful of AI winners rather than buying broadly. Breaking News & Macro Events Nvidia’s New PC Chip Drives Tech Rally; S&P 500 Hits All-Time High — TheStreet NVIDIA unveiled its Arm-based RTX Spark superchip for PCs at COMPUTEX, sending its shares up ~5.6% and lifting PC hardware names (Dell +10%, HP +8%). The flip side: Intel fell ~5% as the launch directly threatens its CPU franchise. The day’s record closes were powered almost entirely by this single catalyst. ...

Overnight Developments Tentative U.S.–Iran Deal on Strait of Hormuz and Nuclear Talks — TheStreet / Bloomberg The U.S. and Iran have reportedly reached a tentative agreement to reopen the Strait of Hormuz and launch a 60-day window of nuclear negotiations, pending final approval from the Trump administration. The deal would meaningfully ease Middle East tensions and strip geopolitical premium out of oil markets, a tailwind for energy-sensitive sectors that import fuel and a headwind for crude producers. ...

Market Snapshot Index Close Change % Change S&P 500 7,580.06 +16.43 +0.22% NASDAQ 26,972.62 +55.15 +0.20% DOW 51,032.46 +363.49 +0.72% Russell 2000 2,919.34 -17.23 -0.59% VIX 15.32 -0.44 -2.79% Large caps grinding to fresh records while small caps lag — the index strength is concentrated, not broad. Breaking News & Macro Events Dell surges ~33% on earnings beat as the AI trade rolls on — Yahoo Finance Dell’s blowout Q1 guidance ($43.8B revenue vs. ~$34.8B consensus) lit a fire under the AI infrastructure complex, dragging Super Micro and server names higher. The result reinforces that the data-center capex cycle remains intact, and it was the day’s dominant driver of risk appetite. ...