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Nasdaq, S&P end lower as tech stocks fall | Reuters

SUMMARY
Indexes: Dow up 0.35%, S&P down 0.1%, Nasdaq down 0.43%
Airlines and travel stocks gain
Micron earnings land after the close

June 24 (Reuters) - The Nasdaq and S&P 500 closed lower on Wednesday, dragged by tech stocks on nagging concerns about high-flying valuations, but falling crude prices boosted airlines and other travel stocks and the Dow finished ‌higher.

Oil prices fell to their lowest since the start of the Iran war as more tankers were expected to move out of the Strait of Hormuz. U.S. President Donald Trump said Iran had told Washington that no tolls were being sought.

The S&P 500 passenger airlines index (.SPLRCALI), opens new tab gained 5.2% while travel companies Expedia Group (EXPE.O), opens new tab and Booking ​Holdings (BKNG.O), opens new tab both rose.

Tech stocks slipped, intensifying the focus on chipmaker Micron Technology's (MU.O), opens new tab earnings that landed after the bell. The stock has surged more ​than 200% in 2026 but closed on Wednesday down 0.3%. It jumped in extended trading after quarterly revenue and fourth ⁠quarter forecasts beat Wall Street estimates.

Cerebras Systems (CBRS.O), opens new tab tumbled 19.6% after the chip designer forecast full-year profit margins would drop below first-quarter figures in its debut ​report after going public. Also weighing on the stock, OpenAI announced its own in-house inference chip called Jalapeño.

Concerns around debt-backed spending by hyperscalers and ​mounting fears of a more hawkish Federal Reserve have fueled the market downturn this week that has erased more than $1 trillion in market value from the Nasdaq 100...

Six ​of the 11 major S&P 500 sectors moved higher, with the industrials sector (.SPLRCI), opens new tab rising the most at 1.2%. Consumer discretionary stocks (.SPLRCD), opens new tab also rose 0.8%, helping to ‌offset the ⁠biggest losses in tech and energy stocks...

Homebuilders soared after Trump canceled a planned signing of bipartisan legislation aimed at speeding up availability of affordable housing. Hovnanian Enterprises (HOV.N), opens new tab jumped 11.3%. PulteGroup (PHM.N), opens new tab surged 7.2% and Toll Brothers (TOL.N), opens new tab rose 6.7%.

Among other movers, Hertz (HTZ.O), opens new tab sank 40.7% after ​the car-rental firm said it expects ​second-quarter adjusted core earnings near ⁠the lower end of its forecast range and announced a proposed offering of $100 million of common stock.

Traders are adding to bets of a second rate hike from the Fed by the end of December, according ​to CME Group's FedWatch tool. Previously, the market expected a single 25-basis-point rise.

The closely watched Personal Consumption ​Expenditures Price Index, ⁠the Fed's preferred inflation gauge, could offer insight on the monetary policy path on Thursday.

Declining issues outnumbered advancers by a 1.03-to-1 ratio on the NYSE, which had 205 new highs and 226 new lows. On the Nasdaq, 2,323 stocks rose and 2,499 fell as declining issues outnumbered advancers by ⁠a 1.08-to-1 ​ratio.
The S&P 500 posted 25 new 52-week highs and four new lows while ​the Nasdaq Composite recorded 206 new highs and 177 new lows.
Volume on U.S. exchanges was 25.84 billion shares, compared with the 22.92 billion average for the full session ​over the last 20 trading days.

https://www.reuters.com/business/sp-500-nasdaq-futures-tick-up-tech-shares-stabilize-2026-06-24/

Nasdaq, S&P end lower as tech stocks fall
https://www.straitstimes.com/business/companies-markets/nasdaq-sp-end-lower-as-tech-stocks-fall
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<Full-day Takeaway>HSI Down 335 pts; HSTI Down 73 pts; BABA Down over 4%; BIREN TECH, KB LAMINATES Hit New Highs; Market Turnover Rises
2026/06/25 16:12 GMT+08

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1530579/top-news/AAFN
#HKMarketUpdate
<H Shrs>HSI Sags 335 pts at Close, Narrowly Holds 23,000; BABA-W Dives 4%+ to New Low; BANK OF CHINA Slides 5%+ AASTOCKS Financial News - Top News
2026/06/25 16:30 GMT+08

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1530596/top-news/AAFN
#SgMarketUpdate
STI up 0.1% amid AI-stock rally, easing oil prices

Singapore stocks ended higher on Thursday (Jun 25).

The benchmark Straits Times Index (STI) gained 0.1 per cent or 2.97 points to finish at 5,218.96.

Sats : S58 +2.51% led the gainers on Singapore’s blue-chip index, rising 2.5 per cent or S$0.11 to end at S$4.50.

The worst performer among STI constituents was Thai Beverage : Y92 -2.25%, which fell 2.3 per cent or S$0.01 to close at S$0.435.

The three local banks ended mixed on Thursday. UOB : U11 +0.03% rose 0.03 per cent or S$0.01 to S$39.91, while DBS : D05 -0.23% finished 0.2 per cent or S$0.15 lower at S$66.07, and OCBC : O39 -0.04% closed 0.04 per cent or S$0.01 lower at S$24.94.

Across the broader market, gainers trailed losers 259 to 294, after 1.2 billion securities worth S$1.8 billion changed hands.

Key regional indices ended varied. Hong Kong’s Hang Seng Index lost 1.4 per cent and the FTSE Bursa Malaysia KLCI declined 1.1 per cent, while Japan’s Nikkei 225 index rose 4.6 per cent and South Korea’s Kospi was up 5.4 per cent..

https://www.businesstimes.com.sg/companies-markets/sti-0-1-amid-ai-stock-rally-easing-oil-prices