The ​Nasdaq fell on Thursday, dragged down by losses in Big Tech shares, while see-saw trade lifted the S&P 500 slightly higher ‌in the afternoon, and a shift into other sectors lifted the Dow as investors digested new economic data. Technology shares reversed early gains to move lower, weighing on the Nasdaq, as investors worried about hyperscaler spending on artificial intelligence and who foots the bill, fears that outweighed upbeat signals on AI demand from Micron (MU.O),

An 8% plunge in the high-flying U.S. chip stock ⁠index on Tuesday marked a jarring injection of volatility into mid-year trading. Memory chipmaker Micron Technology fell around 13%, ​reversing all its gains from the day before, ahead of its earnings update today. For an index that had doubled so far this year, maybe it just ran out of steam, but the ‌10% retreat in South Korea’s chip-heavy and volatile ‌KOSPI earlier in the day won’t have helped either. SoftBank CEO Masayoshi

Alan Greenspan, then-President Ronald Reagan’s nominee as chairman of the Federal Reserve, awaits the start of his confirmation hearing before the Senate Banking Committee in Washington, July 21, 1987. (George Tames/The New York Times) By COLBY SMITH and BEN CASSELMAN At his swearing-in ceremony as chair of the Federal Reserve last month, Kevin M. Warsh singled out just one of his predecessors as a role model for running a central bank: Alan Greenspan, who led the Fed for nea

Barclays and Stifel raised their year-end ⁠targets ⁠for the S&P 500 index ⁠to 7,800 on Tuesday, citing strength in corporate earnings. The target is ​about 4.4% higher than the index’s last close of 7,472.79. “The equity bull case remains intact, but earnings ‌and AI capex visibility must ‌do more of the work as Fed support fades,” Barclays analysts led by Venu Krishna ⁠said in ⁠a note. The S&P 500 is up 9.2% so far this year, ​broadly driven by AI optimism, while the U.S.-Ir

The company’s deep commitment to Mars colonization and Elon Musk’s nearly total control make SpaceX stock an astonishingly speculative bet, our columnist says. (Giulio Bonasera/The New York Times) By JEFF SOMMER Watching SpaceX stock trade in its infancy as a public company has been like viewing a successful rocket launch. The ascendance of the company’s shares has been pure spectacle. The superlatives are still piling up: SpaceX had the largest initial public offering in hi

Global stocks were mostly flat ⁠on ⁠Monday while oil prices fell, as ⁠optimism over progress in U.S.-Iran talks was offset by expectations of higher interest rates that ​pushed U.S. Treasury yields up. U.S. Vice President JD Vance said in Switzerland that Iran agreed to allow nuclear inspectors into the country, ‌with conversations over the inspections possibly beginning ‌as soon as this week. The U.S. Treasury Department authorized Iranian sales of crude oil and petrochemica

The headquarters of the shipping giant Maersk, in Copenhagen on June 16, 2026. With the United States and Iran nearing a deal to reopen the Persian Gulf, Maersk is treading cautiously. (Charlotte de la Fuente/The New York Times) By JENNY GROSS Any agreement allowing Iran to charge fees in the Strait of Hormuz would set a “dangerous precedent” for global trade, Vincent Clerc, the CEO of the shipping giant Maersk, said in an interview this week. Iran has threatened to monetize

Investors are seeking signs that the U.S. ​stock market rally fueled by artificial intelligence has more life left in it, and the upcoming Micron Technology (MU.O), opens new tab earnings will ‌check the pulse of chip demand to see if it is still accelerating. Despite a sharp mid-week selloff, major U.S. stock indexes are hovering near all-time highs, supported by robust corporate earnings driven by an AI investment boom and relief from the Iran war. Micron’s shares are up 29

Kevin Warsh, the Federal Reserve chairman, speaks to reporters at a news conference in Washington on Wednesday, June 17, 2026. The Federal Reserve held interest rates steady and officials readied for higher borrowing costs, as inflation fears dominated Warsh’s first meeting as chairman of the central bank. (Anna Rose Layden/The New York Times) By COLBY SMITH The Federal Reserve held interest rates steady and officials readied for higher borrowing costs, as inflation fears dom

U.S. stock indexes closed higher ⁠on ⁠Thursday, with a strong boost from semiconductor ⁠shares and easing inflation fears, although investors still priced in interest rate hikes this year from ​the Federal Reserve. The Philadelphia semiconductor index sharply outperformed the rest of the market as Intel’s shares jumped to a record high. U.S. President Donald Trump ‌said iPhone maker Apple had agreed to ‌work with Intel to design and manufacture its chips in the U.S. Early in