Lumentum Holdings Is Maintained at Buy by Citigroup
Ratings actions from Benzinga: GMT) Lumentum Holdings Price Target Raised to $1400.00/Share From $1200.00 by CitigroupRatings actions from Benzinga
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Bipartisan Lawmakers Seek to Bar a Chinese AI Data Center Component From Sensitive US Government Systems: ‘We Shouldn’t Rely on China’
On Friday, Sens. John Cornyn (R-Texas), Dave McCormick (R-Pa.), John Fetterman (D-Pa.) and Ruben Gallego (D-Ariz.) introduced legislation that would prevent the federal government from using optical transceivers made by Chinese companies Eoptolink and Zhongji Innolight in sensitive systems. US Bill Targets Chinese AI D
US stocks fall as Treasury yields and oil surge
U.S. equities fell for a second straight session as Treasury yields climbed for a fifth day and crude oil extended gains, with markets increasingly pricing a Federal Reserve rate hike this month.
Nasdaq 100 falls as hot PCE inflation lifts rate-hike bets
U.S. stocks drifted lower midday Wednesday after July PCE inflation met monthly forecasts but ran hotter than expected annually, while second-quarter GDP growth was confirmed at an annualized 1.5%.
Nasdaq slides as long-end yields pressure chip stocks
The Nasdaq 100 fell 1.7% as 30-year Treasury yields held at 5.30% and rate-hike bets eased, while the optical and AI-hardware complex sold off sharply.
U.S. stocks drift lower as New York Fed index jumps
U.S. stocks were mostly lower by midday Monday, while the New York Fed’s Empire State Manufacturing Index rose to 20.6 in August from 15.6, above the 11 consensus.
Applied Materials reports Q3 revenue and EPS above estimates
Applied Materials reported third-quarter revenue of $9.12 billion and adjusted earnings of $3.50 per share, both above analyst estimates.
US Inflation Rises 0.1% Month-Over-Month
The July consumer price index rose 0.1% month-over-month and 3.4% year-over-year
Lumentum Target Raised
JPMorgan raises Lumentum's price target to $1,280 from $1,165
Oil Sinks 6%, Nasdaq 100 Rallies On Iran Talks: Stock Market Today
U.S. equities opened August with a broad-based relief rally Monday as crude oil tumbled and Treasury yields retreated from 18-month highs, after President Donald Trump called off a planned military strike on Iran over the weekend and said negotiations would resume. West Texas Intermediate crude sank 5.9% to $79.69 a ba