Alphabet dips after Dow inclusion kicks off $1.5B ETF shake-up
Alphabet closed Wednesday at $345.29, off 0.24%. The stock hit an intraday high of $353.43. The Dow added roughly 0.4%. S&P 500 slipped 0.1%. Nasdaq dropped 0.4%.
XRP drops under $1.10 as ETF assets lag inflows by $459 million
XRP dropped 2.4% to $1.07 Wednesday, trading close to its session low with the dollar climbing and broader crypto prices in decline. Bitcoin shed 2.2% to $60,857. Ether slipped 0.8% to $1,640.
Dip buying in Schwab’s SCHD gets attention while dividend ETF flows diverge
Money rushed into the Schwab U.S. Dividend Equity ETF during a pullback, putting one of the biggest dividend funds back in focus for income trades, but flow trackers are split on how big the move was. TipRanks said SCHD dropped 2.36% last week and pulled in $5.46 billion over five days. ETFDB reported net flows of $480.9 million in five days and $2.3 billion for the month.
SMH ETF flows point to AI chip trade moving away from Nvidia
The VanEck Semiconductor ETF saw nearly $7 billion pour in on Monday, the biggest sign yet of investors looking beyond just Nvidia and into a basket of chip suppliers. That flow is making its mark. Semiconductor stocks climbed on the day, while the big tech names dragged the Nasdaq lower.
SpaceX Stock Risks Build as ARK ETF Flows, Retail Rules and Lockups Test IPO Rally
SpaceX’s first week as a public company ended with the stock still above its offering price, but the trade has shifted from scarcity to supply risk. With U.S. markets shut for the weekend, shares of the Elon Musk-led company last traded at $185 on Friday, down from a Tuesday peak of $225.64 but still about 37% above the $135 IPO price.
SpaceX ETF Rush Hits Retail Risk Nerve After Record IPO
SpaceX’s debut week trading as a public company is seeing Wall Street put Elon Musk trades to the test. Over $10 billion has already moved through leveraged funds tied to the rocket-and-satellite firm. Flows in big ETFs hit Cathie Wood’s flagship fund hard.
SPCH ETF Pops on SpaceX Surge, 2X Leveraged Trade Heats Up After IPO
Themes ETF Trust’s Leverage Shares 2X Long SPCX Daily ETF jumped in early trading Tuesday, tracking gains tied to SpaceX’s post-IPO rally. SPCH finished at $20.88 Monday, after moving between $16.40 and $21.88. Turnover hit about 14.8 million shares. The ETF was indicated at $23.16 before the bell at 8:03 a.m. EDT. Cboe launched SPCH and the 2X Short SPCX Daily ETF as new listings on June 15.
SMH Hits Another High as AI Chip Stocks Rally Beyond Nvidia
• SMH traded above $646 around midday Monday, after finishing at $619.96 on June 12.• Lam Research, Marvell, Arm, ASML and Kulicke & Soffa extended their gains, building on last week’s chip rally.• Market strength continued as buyers stayed with AI infrastructure names.
Vanguard VTI ETF Trades Close to All-Time Peak as Fees and Valuations Stay in Focus
Vanguard Total Stock Market ETF VTI hovered near its high on Monday. The ETF was around $372.37 late morning, up 1.6%. Investors watched VTI during the session with U.S. stocks in focus. Vanguard Value ETF also rose, last seen at $218.79, up 0.8%.
Salesforce Cuts More Jobs, Wall Street Watches the Calendar
Salesforce laid off more workers, with staff linked to Agentforce, its main AI product, among those let go, Business Insider reported Tuesday. The outlet cited sources and a regulatory notice in California. The notice showed 86 jobs cut across sales, general administration, tech, and product, according to the report.
Vanguard’s $1 Trillion VOO ETF Draws Investor Questions About the Road Ahead
Vanguard’s S&P 500 ETF is now the first ETF to hit $1 trillion in assets, a milestone for the low-cost U.S. index fund space and a new sign of how much money is concentrated in these trackers.
AI chip ETF bulls hit with more losses as leveraged funds slide
Chip stocks lost ground again Tuesday. Early gains in the sector didn’t hold and leveraged chip ETFs like Direxion Daily Semiconductor Bull 3X ETF got hit hardest, off 15.4%. The QQQ ETF, which tracks the Nasdaq-100, dropped 2.4% in recent trading.
Growth ETFs Draw Attention Again as Investors Eye Big Tech Weighting
Growth ETFs traded higher in New York on Monday as tech stocks bounced back from last week’s drop. Invesco QQQ Trust and the Vanguard growth funds, both mentioned by retail traders lately, got a fresh look. QQQ added about 2.2%. Vanguard Growth ETF and Vanguard S&P 500 Growth ETF rose around 1.2% each late in the morning.
$95 Billion Dividend ETF May Not Be As Safe As It Looks
Schwab U.S. Dividend Equity ETF is seeing heavier flows as investors rotate into income plays and cheaper stocks after tech’s pullback. The fund, with the SCHD ticker and $95 billion in assets, has become a go-to for this defensive trade. Still, SCHD’s top holdings carry more weight than you’d expect from a 103-stock portfolio.
Bitcoin Drops as ETF Outflows Mount, $60,000 Support Weakens
Bitcoin hovered around $60,719 on Saturday, rebounding after a slip under $60,000 the day before, with a session low of $59,630. Prices fell to levels traders hadn’t seen since late 2024, with many on watch to see if this weekend’s move above $60,000 can stick.
Vanguard Growth ETF’s Low Fees Draw Focus as AI Surge Faces Scrutiny
Vanguard Growth ETF slipped Friday, down roughly 2.7% to $86.79 around midday in New York. The drop came as tech stocks led a selloff, weighing on one of the market’s biggest and lowest-cost large-cap growth funds. Invesco QQQ Trust was off 3.4%, and Vanguard Russell 1000 Growth ETF gave up 2.3%.
SOXL Up 433% This Year But Stalls as Chip Stocks Drop
Direxion Daily Semiconductor Bull 3X Shares dropped 14.6% to $224.36 Friday morning, snapping a strong run for the leveraged chip ETF this year. The unleveraged funds also moved lower—iShares Semiconductor ETF slid 4.9%, VanEck Semiconductor ETF gave up 4.6%. The bearish 3x Direxion Semiconductor ETF gained about 14.8%.
Ethereum ETF Outflows End After $900 Million Loss; Ether Keeps Falling
U.S. spot ether ETFs picked up about $19 million in inflows on June 4, snapping a 17-session streak of outflows, according to ETF flow data. The move ended a three-week pull that had weighed on the world’s number two crypto.
DRAM-focused ETF’s $13 Billion Run on AI Memory Sets Up Market’s Tightest Chip Trade
Roundhill Memory ETF saw $553.7 million in new inflows on May 29, ETF.com reported Monday, keeping the AI-memory fund in the list of top 10 daily creations among U.S. ETFs. Assets hit $13.36 billion. The fund is an exchange-traded basket of securities that trades like a stock.
Traders Move In On Both Sides After 3x Chip ETF Turns $100K Into $1.28M
Direxion’s 3x bullish semiconductor ETF rallied Tuesday, with a surge in chip stocks drawing more retail attention to the leveraged product.