#USMarketUpdate
Stock market today: Dow rises, S&P 500 and Nasdaq slip as Micron soars, Apple drags Big Tech lower

Live updates

https://finance.yahoo.com/markets/live/stock-market-today-dow-and-sp-500-rise-nasdaq-slips-as-pce-comes-in-hot-big-tech-falters-232650645.html

While You Were Sleeping: 5 stories you might have missed, June 26, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-june-26-2026

#USMarketUpdate
Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook

SUMMARY
Indexes: Dow up 0.14%, S&P down 0.01%, Nasdaq down 0.46%
Memory chips surge as Micron results signal robust demand
Apple slips after detailing price increases
Final Q1 GDP data comes in at 2.1%, higher than prior estimates

June 25 (Reuters) - The Nasdaq closed ​lower on Thursday, dragged down by losses in Big Tech shares, while the S&P closed near flat and the Dow ‌closed higher 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. Those fears outweighed upbeat signals on AI demand from Micron (MU.O), opens new tab and Qualcomm (QCOM.O), opens new tab.

The Nasdaq was on track for its biggest monthly decline since March 2025.

Apple (AAPL.O), opens new tab slid 6.1% after ​hiking prices for iPads and MacBooks to counter surging memory and storage chip costs. Shares of Nvidia (NVDA.O), opens new tab, Microsoft (MSFT.O), opens new tab, and Alphabet (GOOGL.O), opens new tab were also down between ​0.5% and 3.5%.
Micron soared 15.7% after its earnings and forecasts beat Wall Street estimates. Still, concerns over debt-backed spending ⁠by hyperscalers and fears of a more hawkish Federal Reserve kept weighing on the market this week.

Memory chipmaker Sandisk (SNDK.O), opens new tab also soared 22%. Qualcomm, Western Digital (WDC.O), opens new tab and Seagate Technology (STX.O), opens new tab all popped...

Stocks were mixed on Thursday as blowout earnings from Micron (MU) failed to deter a sell-off in Big Tech, while a fresh inflation report showed prices rising again in May.

The tech-heavy Nasdaq Composite (^IXIC) slipped 0.5%, while the S&P 500 (^GSPC) fell below the flat line following several tough days for Wall Street stocks. The Dow Jones Industrial Average (^DJI), which includes fewer tech names, climbed 0.1%.

Six of the 11 major S&P 500 sectors moved higher, led by industrial stocks (.SPLRCI), opens new tab which rose 2.2%. Consumer discretionary and consumer staple stocks lost the most ground while tech stocks (.SPLRCT), opens new tab dropped ​0.1%...

The Philadelphia SE Semiconductor index (.SOX), opens new tab rose 3.2% and was on track for its strongest quarter on record, according to LSEG ‌data.

The U.S. ⁠Department of Commerce released a slew of data on Thursday.

U.S. inflation increased further in May, breaking above 4.0% for the first time in three years on higher energy prices, and potentially drawing the Federal Reserve closer to raising interest rates.

In response to rising price pressures, traders anticipate the Fed will lift interest rates by at least 25 basis points before the year-end, according to LSEG data.

A final reading of first-quarter GDP data showed the economy grew by ​2.1%, compared to a prior estimate ​of 1.6%. Meanwhile, jobless claims data ⁠showed a higher-than-expected fall in the number of Americans filing for unemployment benefits.



https://www.reuters.com/business/nasdaq-futures-jump-2-micron-qualcomm-forecasts-relieve-investors-2026-06-25/

https://www.straitstimes.com/business/companies-markets/nasdaq-sp-end-lower-as-tech-megacap-declines-outweigh-upbeat-chip-outlook

Why Micron's momentum spells trouble for Apple
https://finance.yahoo.com/markets/article/why-microns-blowout-earnings-are-a-headache-for-apple-161932441.html

Housing affordability bill is headed for Trump's desk
https://finance.yahoo.com/economy/policy/article/housing-affordability-bill-is-headed-for-trumps-desk-starting-10-day-clock-for-him-to-sign-or-veto-175808277.html

Morning Briefing: Top stories from The Straits Times on June 26, 2026

https://str.sg/vfn4

The ‘mass affluent’ are losing their allure for wealth managers navigating AI
https://www.straitstimes.com/business/invest/the-mass-affluent-are-losing-their-allure-for-wealth-managers-navigating-ai

South Korea’s surging equity volatility draws meme-stock comparisons
https://www.straitstimes.com/business/south-koreas-surging-equity-volatility-draws-meme-stock-comparisons

Asia’s demand for Middle Eastern oil slows after buying spree
https://www.straitstimes.com/business/asias-demand-for-middle-eastern-oil-slows-after-buying-spree

Singapore semiconductor firms ramp up US presence to capitalise on AI boom
https://www.straitstimes.com/business/singapore-semiconductor-firms-ramp-up-us-presence-to-capitalise-on-ai-boom

#WeekAhead by Investopedia, Yahoo Finance and Reuters
#Calendar by Investing.com
#Earnings by Earnings Whisper
#USMarketUpdate by Reuters, Investopedia, CNBC and Yahoo Finance
#TradingDay #MarketMind by Reuters
#MarketsWrap by Bloomberg
#SgMarketUpdate by Business Times
#HKMarketUpdate by Reuters and Trading Economics

Hong Kong home prices extend longest streak of gains since 2018
https://www.businesstimes.com.sg/property/hong-kong-home-prices-extend-longest-streak-gains-2018

SpaceX, Unitree, Anthropic, OpenAI: Is the ultra-hyped tech listing wave backed by sound fundamentals?
https://www.businesstimes.com.sg/international/global/spacex-unitree-anthropic-openai-ultra-hyped-tech-listing-wave-backed-sound-fundamentals

<Full-day Takeaway>HSI Down 405 pts; HSTI Down 150 pts; BABA Down over 5%; XIAOMI Down over 3%; Market Turnover Rises
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1530823/top-news/AAFN

#HKMarketUpdate
<H Shrs>HSI Falls 405 pts; BABA-W Drops Nearly 6% Below HKD90; SUNNY OPTICAL Slumps 9%
2026/06/26 16:30 GMT+08

US stocks jumbled overnight (25th). OpenAI reportedly delayed its IPO, coupled with Apple Inc. (AAPL.US)  -17.930 (-6.118%)   Pre +0.309% raising product prices, the market was depressed.

This morning (26th), chip stocks were sold off. Japan market closed down more than 4%, whereas South Korea's KOSPI once slumped 9%.

The HSI opened down 124 pts, immediately falling below the 23,000 level, and at one point tumbled more than 500 pts. It closed at 22,671, down 405 pts or 1.76%.

Full-day turnover reached HKD342.101 billion. The HSTECH closed at 4,255, down 150 pts or 3.41%. The HSCEI closed at 7,460, down 147 pts or 1.94%.

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1530843/top-news/AAFN

#HKMarketUpdate
China stocks close week lower on AI selloff, Hong Kong shares hit one-year low
Jun 26, 2026, 16:27 GMT+8

China stocks tumbled on Friday to close the week lower, dragged down by AI-related shares and logging their largest daily loss in three months, while Hong Kong shares fell to a fresh one-year low.

** China's blue-chip CSI300 Index 3399300 closed down 3%, while the Shanghai Composite Index 000001 lost 2.3%. Hong Kong's benchmark Hang Seng HSI was down 1.8%.

** The losses came as South Korea's benchmark KOSPI KOSPI dropped as much as 9% and the Nasdaq IXIC declined overnight, after investors took profits following a sharp rally in global chips and AI supply chain stocks.

** For the week, the CSI300 Index was down 1.5%, while the Hang Seng Index slid 5.2%, marking its largest weekly loss since April 2025.

** China's CSI Artificial Intelligence Index 9930713 fell 4.6%, while the CSI 5G Communication Index 9931079 tumbled 5.8%.

** Zhongji Innolight 300308, the world's leading optical module maker, slumped 5.3%.

** China's onshore market has recently shown a K-shaped divergence, with hardware technology stocks rising, while most other sectors, including traditional liquor and financial heavyweights, have declined.

** Non-ferrous metal shares (.CSISNMIM) fell 4.4%, while liquor stocks 3399997 dropped 3.1%.

** Meng Lei, China equity strategist at UBS, said he expects earnings growth for all onshore shares to accelerate to 11% this year from 3.9% last year, with first-quarter results showing that earnings are recovering at a faster pace.

** Over the medium term, he said, the rollout of more supportive policies, progress in tackling excessive competition, and a rising share of overseas revenue would all help boost profit margins.

** Tech majors listed in Hong Kong HHSTECH were down 3.4% on Friday and 7.6% this week, posting their worst week since October 2025.

https://www.tradingview.com/news/reuters.com,2026:newsml_L1N42Y07K:0-china-stocks-close-week-lower-on-ai-selloff-hong-kong-shares-hit-one-year-low/

#SgMarketUpdate
Singapore stocks decline on Friday amid global tech rout; STI down 0.5%

https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/singapore-stocks-decline-friday-amid-global-tech-rout-sti-down-0-5

Daily Debrief: What Happened Today (Jun 26)
https://www.businesstimes.com.sg/international/daily-debrief-what-happened-today-jun-262

Stocks making the biggest moves premarket: Sandisk, Rocket Lab & more

https://www.cnbc.com/2026/06/26/stocks-making-the-biggest-moves-premarket-sndk-on-rkl.html?__source=androidappshare

The AI boom now has a price tag — and Micron just sent the bill
https://finance.yahoo.com/markets/article/the-ai-boom-now-has-a-price-tag--and-micron-just-sent-the-bill-chart-of-the-day-100000526.html