Connect with us

Bussiness

Stock futures are little changed after Nasdaq Composite hits all-time high: Live updates

Published

7 months ago

on

Stock futures are little changed after Nasdaq Composite hits all-time high: Live updates

An Hour Ago

VanEck Semiconductor ETF closes at a record as Nvidia pops

The closely watched VanEck Semiconductor ETF (SMH) leapt more than 2% on Monday to close at a record high of 235.00.

The ETF got a boost from Nvidia, which jumped about 2.5% as Wall Street anticipated the chip giant’s upcoming earnings report on Wednesday afternoon.

Ahead of the results, Baird reiterated its buy rating on the stock and raised its price target to $1,200 from $1,050. Meanwhile, tech investor Dan Niles said Nvidia is cheap heading into earnings.

It was also a solid day for fellow SMH constituents Broadcom, up 1.3%, and Qualcomm, which posted a 2% gain. Micron Technology ended Monday with a nearly 3% advance.

–Darla Mercado, Gina Francolla

2 Hours Ago

Stocks making big moves in extended trading

These are some of the stocks making notable moves after the bell:

  • Palo Alto Networks — Shares dropped 8.5%. Despite beating expectations on both lines for the fiscal third quarter, current-quarter guidance came in just in line with expectations of analysts polled by LSEG.
  • Peloton — Shares slipped 2.1% after the fitness company said it was refinancing. The company is putting up $275 million in convertible senior notes via a private offering.
  • Keysight Technologies — Shares tumbled 2.7% on weak guidance for the current quarter. The company said to expect non-GAAP earnings per share between $1.30 and $1.36 and revenue in the range of $1.18 billion and $1.2 billion. Analysts polled by FactSet had forecast $1.45 in earnings per share and $1.21 billion in revenue.

— Alex Harring

2 Hours Ago

Ether leads crypto rally on late surge in ETF optimism

Crypto prices rallied on Monday amid a late surge in optimism around the U.S. Securities and Exchange Commission decision on spot ether exchange-traded funds applications, due this week. The previous consensus was that the funds would likely not be approved.

Ether led the crypto market, surging about 15% to about $3,500, according to Coin Metrics. Bitcoin gained more than 4%, briefly touching $70,000 at one point for the first time since April.

In regular trading, crypto-related stocks rode the wave, with Coinbase and MicroStrategy jumping 8% and 9%, respectively. Miners Marathon Digital and CleanSpark advanced 14% each.

— Tanaya Macheel

2 Hours Ago

Stock futures are near flat

Stock futures were little changed shortly after 6 p.m. ET.

Nasdaq 100 futures slipped just around 0.1%, while S&P 500 and Dow futures both moved marginally.

— Alex Harring

Related Topics:
Continue Reading