Dow Gains as Nasdaq Lifts Techs, Iran Fears Fade After Close

Stocks in the U.S. surged late Thursday, with major indexes clawing back ground lost in Wednesday’s selloff. Investors bought technology shares, while falling oil prices eased worries about Middle East tensions. The S&P 500 jumped 1.75% to finish at 7,394.30. The Dow Jones Industrial Average gained 1.86% to close at 50,848.38. Nasdaq Composite led, climbing 2.54% to 25,809.66.

Fermi (FRMI) Jumps After OpenAI Data Center Report; Project Matador Lease Bets Return

Fermi (FRMI) Jumps After OpenAI Data Center Report; Project Matador Lease Bets Return

Fermi Inc. shares surged 22.6% to finish at $6.89 on Wednesday. The stock ticked up to $6.91 in early trading Thursday as traders looked for signs that big AI clients could still lock in massive, power-heavy data center contracts. The move wasn’t driven by a Fermi deal itself. Instead, OpenAI is reportedly talking to lease a 10-gigawatt data center project in Ohio, with Nvidia possibly backing it financially. That report put Fermi’s Project Matador back in play for the “power is the bottleneck” crowd.
Marvell shares edge up premarket after recent AI chip slump hit S&P 500

Marvell shares edge up premarket after recent AI chip slump hit S&P 500

Marvell Technology, Inc. shares tried to bounce early Thursday after dropping sharply on Wednesday. Investors are watching to see if the upcoming S&P 500 addition will help stabilize what’s been one of the most volatile AI chip names. Marvell finished at $252.59 on June 10, down 5.35% for the day. In premarket action, the stock was up 3.16% at $260.56, according to Google Finance.
Tech stocks slide after hours, Oracle’s AI spending draws focus

Tech stocks slide after hours, Oracle’s AI spending draws focus

Dow sinks nearly 1,000 points as tech breaks down; inflation, Iran weigh U.S. stocks came under more selling after the bell Wednesday. The Dow Jones Industrial Average finished down 953.33 points, or 1.87%, at 49,918.78. The S&P 500 fell 1.62% to 7,266.99. The Nasdaq Composite dropped 1.98% to 25,169.50. Tech stocks took the biggest hit as traders turned defensive. Inflation looked hot and U.S.-Iran tensions stirred.
YY Group Shares Spike as Humanoid Robot Plans Unveiled

YY Group Shares Spike as Humanoid Robot Plans Unveiled

YY Group Holding Limited surged Wednesday after the Singapore-based outsourcing firm said it would start using Unitree humanoid robots and collect training data from cleaning and maintenance jobs to feed automation. The stock rallied as traders repositioned YYGH as a robotics and AI data story, moving beyond its identity as a cheap labor provider. Shares were last up $0.039 at $0.165, after swinging between $0.13 and $0.22, with more than 295 million shares changing hands.
Snap Inc. Targets Health Ad Dollars With New Snapchat Study as Pressure Builds

Snap Shares Drop Again With Tech Names Under Pressure

Snap Inc. shares dropped again Wednesday, adding stress to a turnaround built on stronger cash flow, lower costs and hopes for its Specs AR glasses. The stock traded at $5.38, down from Tuesday’s $5.59 close, swinging between $5.31 and $5.55. There’s no fresh earnings news driving the move. The slide is happening as traders gauge if Snap’s better numbers can matter right now in a market pulling back on risk.
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US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Kodiak Gas Services

NYSE:KGS • Energy infrastructure 88/100 • ★★★★☆
#2 STRONG BUY

Neurocrine Biosciences

NASDAQ:NBIX • Healthcare 87/100 • ★★★★☆
#3 STRONG BUY

Alphabet Class A

NASDAQ:GOOGL • Communication services 85/100 • ★★★★☆
#4 BUY ON WEAKNESS

Applied Materials

NASDAQ:AMAT • Semiconductor equipment 84/100 • ★★★★☆
#5 ACCUMULATE

JPMorgan Chase

NYSE:JPM • Financials 80/100 • ★★★★☆
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Consumer Confidence • 10:00 ET

A large surprise can reset expectations for household spending and near-term growth, with read-through to Treasuries, USD and cyclical stocks.

#2

New Home Sales • 10:00 ET

Housing remains highly rate-sensitive; the print can move homebuilders, mortgage-sensitive names and the long end of the Treasury curve.

#3

Intuit earnings • After close

Guidance can influence software multiples and sentiment around U.S. small-business activity.

View full calendar
Times and estimates may change. Verify before trading.