Menu
Traders work at the New York Stock Exchange on June 26, 2026.
NYSE
U.S. stock futures erased early gains to tip into negative territory on Thursday, as investors awaited key employment data that could influence the Federal Reserve's decision-making on monetary policy.
Dow Jones Industrial Average futures pared earlier gains to lose 35 points, less than 0.1%. S&P 500 futures fell by about 0.08%, while Nasdaq-100 futures were 0.3% lower.
The moves come after the major U.S. averages ended Wednesday's session lower, with the Dow erasing a 423.46-point jump that brought it to record highs to close just below the flatline. The S&P 500 and Nasdaq Composite slid 0.2% and 0.7%, respectively, as investors pared positions in chipmakers.
The VanEck Semiconductor ETF (SMH) lost 5.4%, with Micron Technology and Sandisk dropping more than 10% each.
South Korea's Kospi led losses in Asia, falling 7.89% to close at 7,648.09. The small-cap Kosdaq dropped 6.74% to 866.72. Index heavyweights Samsung and SK Hynix were down over 8% and more than 12%, respectively.
Japan's Nikkei 225 declined 2.47% to 68,733.15, while the Topix inched up 0.1% to 4,014.98. Australia's benchmark S&P/ASX 200 was flat at 8,724.50. Hong Kong's Hang Seng Index rose 0.61%, while the CSI 300 was down more than 2%.
While the decline in the chip sector weighed on the broader market, Ned Davis Research strategist Rob Anderson thinks the rotation out of semiconductors is healthy.
"One of the characteristics of the bull market has been rotation. The attribute has been on full display in 2026," he wrote. "A passing of the baton to a non-commodity cyclical sector would be further evidence that the stock market is entering the second half of the year in a position of strength and that the bull market can continue deep into the second half of the year."
Wall Street is looking ahead to the June jobs report, scheduled for release at 8:30 a.m. ET. Economists polled by Dow Jones expect the economy added 115,000 jobs last month.
4 Min Ago
European stocks open lower
The pan-European Stoxx 600 was 0.1% lower shortly after the opening bell in Europe, with most sectors and major regional bourses in negative territory.
Stock Chart IconStock chart icon
Mobile App Chart
Stoxx 600
— Chloe Taylor
41 Min Ago
U.S. Treasury yields rise
U.S. Treasury yields edged higher on Thursday, as investors looked ahead to key jobs data that could influence the Federal Reserve's decisions.
At 1:50 a.m. ET, the yield on the benchmark 10-year Treasury note had added 1 basis point to trade at around 4.491%. Yields on the 2- and 30-year Treasurys also gained 1 basis point.
Traders are awaiting the June non-farm payrolls report, which is being released a day early due to Friday's Independence Day holiday. Economists polled by Dow Jones expect the U.S. to have added 115,000 jobs last month.
Read the latest on Treasurys here
— Chloe Taylor
48 Min Ago
Tank maker KNDS postpones IPO as defense stocks struggle
Franco-German tank maker KNDS is postponing its highly anticipated public listing in Paris and Frankfurt until market conditions improve, following a slump in defense stocks.
"In light of current market volatility for the European Defense sector, KNDS... announces that its shareholders have informed the Company of their intention to resume the Initial Public Offering ("IPO") process upon the return of more favorable market conditions," KNDS said in a statement.
It comes after the Financial Times reported the defense equipment maker was struggling to convince investors to back a valuation of more than 12 billion euros ($13.7 billion).
Read the full story here .
— Elsa Ohlen
1 Hour Ago
Gold and silver tick higher
One-ounce gold bars at the Valcambi SA precious metals refinery in Balerna, Switzerland, on Friday, Sept. 9, 2025. Valcambi SA, Switzerland's largest refiner, processes up to 2,000 tons of precious metals a year at its site in Balerna on the border with Italy. Photographer: Francesca Volpi/Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images
Spot gold and silver prices edged higher early Thursday, extending gains from the previous session that hinted at a tentative recovery from a losing quarter.
By 1:45 a.m. ET, spot gold had gained 0.7% to trade at $4,059.12 per ounce, while spot silver added 0.9% to settle at $59.68 an ounce.
Gold saw its worst quarter in 13 years in three months to the end of June, as investors reacted to a more hawkish tone from the Federal Reserve.
— Chloe Taylor
2 Hours Ago
Shares of BYD and Xiaomi rise as June delivery figures buoy optimism
Hong Kong-listed shares of Chinese electric vehicle makers surged Thursday after June delivery figures buoyed investor sentiment, with BYD gaining around 9% and Xiaomi climbing about 5%.
Xiaomi reported its third consecutive month of having over 30,000 deliveries in June. Meanwhile, BYD posted a vehicle sales volume of 403,472 units in June, up 5.46% from 382,585 units in the same period a year ago.
Read the full story here .
— Justina Lee
3 Hours Ago
Oil falls as easing Middle East tensions send Brent to its worst quarter since 2020
Oil prices fell on Thursday as investors weighed signs of progress in indirect negotiations between Washington and Tehran, easing concerns about potential disruptions to crude supplies in the Middle East.
U.S. West Texas Intermediate crude futures fell 1.09% to $67.83 a barrel, while global benchmark Brent crude declined 1.01% to $70.85.
Brent has fallen nearly 40% this quarter, marking its worst quarterly performance since 2020, according to LSEG data.
The decline also came after U.S. President Donald Trump told reporters that negotiations with Iran in Qatar were "going well."
"The denuclearization of Iran is moving along well," Trump said. "They've had very good meetings and we'll see."
— Lee Ying Shan
5 Hours Ago
South Korea's Hanwha Ocean jumps 12% after being named preferred bidder for destroyer contract
South Korean shipbuilder Hanwha Ocean climbed as much as 12.2% on Thursday after the company was selected as the preferred bidder for South Korea's KDDX destroyer program.
In a regulatory filing, Hanwha Ocean said that it was selected for the design and construction of the lead ship, with the contract amount and contract period to be finalized after consultation.
The media outlet Chosun Ilbo reported that the KDDX program was a 7.8 trillion won initiative to build six destroyers for the South Korean navy.
— Lim Hui Jie
5 Hours Ago
Samsung Electronics, SK Hynix shares tumble over 7% as chip rout spreads from Wall Street
Shares of Samsung Electronics and SK Hynix plummeted more than 7% in early Thursday trading, dragging down South Korea's benchmark Kospi after the tech-heavy Nasdaq Composite slumped overnight.
Samsung Electronics tumbled more than 7% while SK Hynix sank over 9% at the open, wiping out billions in market value as Asia's largest chipmakers bore the brunt of the global tech selloff.
SK Square, the largest shareholder of SK Hynix, also fell more than 10%, mirroring broader losses across the semiconductor sector.
The selloff tracks a dismal start to July for the Nasdaq as investors aggressively dumped chip stocks.
In Wednesday's session on Wall Street, Micron Technology shares dived more than 10%, despite its stunning 260% gain year-to-date, while Sandisk also shed over 10% overnight.
Other mega-cap tech heavyweights, including Nvidia and Broadcom, joined the decline, falling between 1% and 2%.
Read the full story here.
—Jenny Lee
5 Hours Ago
Shares of Kioxia fell more than 13% amid broader losses in other Asian tech stocks
Shares of Kioxia fell by around 10% amid broad losses in other Asian tech stocks, following profit-taking by investors in U.S. markets.
The Japanese semiconductor manufacturer recently said it plans to offerU.S. depositary receipts between April and June 2027 amid growing demand for storage systems as demand for artificial intelligence-linked products expands.
Stock Chart IconStock chart icon
Kioxia is one of the world's largest producers of flash memory and was spun off from conglomerate Toshiba in 2018. It currently has 22 subsidiaries and six affiliated companies in Japan and overseas.
— Justina Lee
6 Hours Ago
South Korea inflation hits highest level in more than 2 years, bolstering case for rate hike
South Korea's inflation rate in June hit 3.2%, its highest level since December 2023.
The reading was in line with expectations from Reuters-pollled economists and was also the fourth straight month of accelerating inflation.
The reading strengthens the case for a rate hike by the Bank of Korea, which will have its next meeting on July 16.
— Lim Hui Jie
7 Hours Ago
South Korea's Kospi tumbles more than 5% at the open, triggering trading halt
Asia-Pacific markets traded mostly lower early Thursday, with South Korea's Kospi leading losses.
The Kospi dropped 5.36% at the open, prompting the Korean Exchange to temporarily halt trading for five minutes to curb volatility. The small-cap Kosdaq dropped 3.55%.
Japan's Nikkei 225 declined 0.70%, while the Topix inched up 0.13%.
Australia's benchmark S&P/ASX 200 was down 0.59%.
—Justina Lee
8 Hours Ago
Asia-Pacific markets set to open broadly lower, tracking U.S. stocks
Asia-Pacific markets were set to open mostly lower on Thursday, tracking losses on Wall Street as investors took profits in semiconductor stocks.
Japan's Nikkei 225 was poised to decline, with the Chicago futures contract at 69,750 and its Osaka counterpart last trading at 69,610, compared with the index's previous close of 70,474.96.
Hong Kong's Hang Seng index was set to open higher after returning from a public holiday. Futures traded at 22,990, compared with the index's last close of 22,881.02.
In Australia, futures last traded at 8,687, while the S&P/ASX 200 closed at 8,722.90.
| |
Developments in the Middle East remain in focus, after President Donald Trump said the talks between the U.S. and Iran in Qatar were progressing well.
"As far as things are going, the denuclearization of Iran is moving along well," Trump told reporters. "They've had very good meetings and we'll see."
— Justina Lee
8 Hours Ago
'Mag7' declines are a healthy pullback, says Wells Fargo
The declines in the "Magnificent Seven" should be treated as a buying opportunity, according to Darrell Cronk, president for Wells Fargo Investment Institute.
"I'd characterize the recent pullback as a healthy reset, not a structural break—but it's exposing some important shifts in how the market is thinking about Big Tech. AI is moving from excitement to scrutiny. A shift from build at any cost to prove the ROI narrative. We remain favorable on the sector despite the recent pullback but would be more selective."
— Fred Imbert
9 Hours Ago
Treasury Department unveils Trump Account investment options
The Treasury Department announced the menu of eligible investment options for Trump Accounts on Wednesday afternoon.
The accounts, which are set to launch on July 4, provide a tax-advantaged way for children under 18 to invest for long-term goals, namely retirement.
Babies born between 2025 and 2028 will receive $1,000 in seed money from the Treasury after a parent or guardian opens a Trump Account on their behalf. After that, families can kick in up to $5,000 a year.
Treasury said that at launch, all contributions will be invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM).
The Treasury Department also added four other ETFs to the Trump Accounts investment menu: the iShares Core S&P 500 ETF (IVV); the Vanguard Total Stock Market ETF (VTI); the State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM); and the iShares Core S&P total U.S. Stock Market ETF (ITOT).
News of the investment options, which aim to provide low-cost broad exposure to stocks, comes as artificial intelligence continues to propel market returns.
— Darla Mercado
9 Hours Ago
U.S. won’t renew USMCA
The Trump administration has decided not to renew its trilateral trade pact with Canada and Mexico, instead opting to conduct annual reviews of the treaty that President Donald Trump once called "the best agreement we've ever made."
The widely anticipated decision on the United States-Mexico-Canada Agreement, known as USMCA, was revealed Wednesday, the deadline for the three North American trade partners to determine whether they would renew their agreement for another 16-year term.
— Kevin Breuninger
9 Hours Ago
Stock futures open near the flatline
U.S. stock futures traded near the flatline on Wednesday evening.
Futures tied to the Dow Industrials were down 79 points, or 0.2%. S&P 500 futures were off 0.1%, as were Nasdaq 100 futures.
— Fred Imbert
Dow closes little changed after touching record; Nasdaq slides to start July
Dow jumps 300 points for first close above 52,000, powered by new member Alphabet
Read Original at CNBC →