A cap-weighted index of the 30 largest U.S. chip-focused companies is on pace for the highest close since April 2022. The gains in the PHLX Semiconductor Index were partly fueled by a surge in Nvidia’s stock. Other chipmakers have also performed well in 2023, with the index outperforming the S&P 50
Articles
By: Brenda León, Hardika Singh
One measure shows large-cap stocks beating smaller companies by the widest margin in 25 years.
By: Hardika Singh
Hedge funds and other speculators have built up a bet that the S&P 500 will decline, marking their most-bearish positioning since 2007 when measured as a percent of open futures-market interest, according to data compiled by Bespoke Investment Group. They are more optimistic about tech stocks. Net
Apple’s shares rose to a fresh intraday high Monday, on track for a new record close, as investors eye the possibility of a $3 trillion market cap. The stock was recently up 1.5% at more than $183. Its record close is $182.01, set on Jan. 3, 2022; its previous intraday high was $182.94, set two day
By: Hardika Singh
Equity funds logged their strongest inflows of the year last week, while bond inflows slowed, whereas according to Deutsche Bank. After logging outflows for most of the year, stock-focused mutual and exchange-traded funds posted the biggest weekly inflow of 2023, with record inflows into tech funds
By: Hardika Singh, Ken Jimenez
Shares of small caps are perking back up again. The small-caps focused Russell 2000 has gained 7.8% so far this month, on pace for the best start to a calendar month since February 2021, Dow Jones Market Data show. RBC analysts wrote in a note that there’s a few factors contributing to small caps'
By: David Uberti, Hardika Singh
Companies are wrestling with a labor shortage as Washington tries to increase domestic metals output.
Many investors say the S&P 500's rally this year is vulnerable to a pullback because it is driven by a handful of large-cap tech stocks. But there are signs market breadth has improved recently. As of the end of June 7, declines in the shares of top 20 stocks would be needed to turn the index negat
One factor behind the recent rally in small caps is stepped up buying by retail investors, according to Vanda Research. [Institutional i
Shares of General Motors gained 3% in after-hours trading, while Tesla rose nearly 4%, on news that GM would tap into Tesla’s Supercharger network. The news follows a similar announcement from Ford Motor, [shar