Nasdaq 100 rallies as oil slides and yields retreat
U.S. stocks rebounded sharply as crude oil fell from its geopolitical spike and Treasury yields eased below 5%. The Nasdaq 100 led gains, while the Dow lagged and the VIX cooled.
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Walmart sinks 9.4% after U.S. comparable sales slow
Walmart falls 9.4% after reporting adjusted EPS of $0.81 and revenue of $187.9 billion that topped consensus, while U.S. comparable sales rose 2.6% versus 3.8% expected and the company lifted full-year adjusted EPS guidance to $2.80-$2.87.
QQQ Chip stocks remain under pressure after a nearly 11% drop in South Korea's Benchmark Kospi overnight. Sk Hynix is down 4% in the U.S., d
QQQ Chip stocks remain under pressure after a nearly 11% drop in South Korea's Benchmark Kospi overnight. Sk Hynix is down 4% in the U.S., dragging other Semiconductor names down with it. Split market again: Sk Hynix decline (bad); drops in oil and bond yields (good). That's why Nasdaq futures are down nearly 1%, while
Chip Rout Drags Nasdaq 100 Lower, Oil Climbs: Stock Market Today
A deepening sell-off in chip and memory stocks dragged all four major U.S. equity indexes lower by midday Tuesday. Money rotated defensively, with health care, real estate and utilities the only sectors firmly higher, while industrials and technology lagged. The S&P 500 eased about 0.3% to 7,513, and the Dow Jones Indu