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Overview

Tech investors rotated out of megacap software and hardware names and into AI chipmakers on the same day. This split suggests the market is treating chip supply and memory names as a separate trade from the broader mega-cap tech group rather than moving together.

Updated 03:08 AM

High confidence

Low impact

09/01, 11:23 PM

S&P 500 and NASDAQ 100 extended their decline following reports of blasts in Iran.

Affected assets

NDX US500

FirstSquawk

09/01, 11:23 PM

Related updates

FirstSquawk·09/02, 03:29 AM

High impact

WTI crude jumped 5.9% to $90.82 a barrel amid renewed US-Iran fighting raising Strait of Hormuz disruption fears, while the S&P 500 fell 0.7%, Nasdaq 100 dropped 1.3% and the Dow declined 0.8% amid a chipmaker selloff.

InvestingLive·09/08, 03:31 PM

US 10-year Treasury yields approached 4.80% and 30-year yields neared 5.30%, German 10-year yields hit 3.39% (highest since 2011), while US stock futures fell ahead of Friday's CPI report and ECB, Fed, and BOJ decisions.

FirstSquawk·09/05, 03:05 AM

US stock indices closed lower: the Dow fell 287.77 points (0.54%) to 53,398.34, the Nasdaq fell 72.13 points (0.27%) to 26,511.93, and the S&P 500 fell 32.62 points (0.42%) to 7,715.09.

Jin10·09/04, 07:44 PM

US stock index futures fell after August nonfarm payrolls rose 162,000, far above the expected 56,000 increase, with Dow E-mini down 152 points (-0.28%), S&P 500 E-mini down 17.25 points (-0.22%), and Nasdaq 100 E-mini up 20.75 points (+0.07%).

InvestingLive·09/01, 11:27 PM

Crude oil rose to a high of $89.85 (last $89.72) and US stocks fell, with the NASDAQ at 26167 (-0.79%) and NASDAQ 100 at 29127 (-1.11%), on reports of a US attack on Iran with explosions heard in Chabahar and Bandar Abbas.