Morning Minute: Kraken Eyes 15% Stake in Aave at $385M Valuation
https://finance.yahoo.com/markets/crypto/articles/morning-minute-kraken-eyes-15-122032618.html

#USMarketUpdate
Stock market today: Dow, S&P 500, Nasdaq waver as report of OpenAI IPO delay rattles chip stocks

Live updates

https://finance.yahoo.com/markets/live/stock-market-today-dow-sp-500-nasdaq-waver-as-report-of-openai-ipo-delay-rattles-chip-stocks-231347821.html

#USMarketUpdate
S&P 500 ends lower; chips tumble and Moderna rallies | Reuters

SUMMARY
Chip index tumbles as investors worry about AI spending
Apple rebounds from Thursday selloff
S&P 500 -0.05%, Nasdaq -0.24%, Dow -0.09%

June 26 (Reuters) - The S&P 500 ended marginally lower on Friday, with a steep drop in AI-related chip stocks and sharp gains ​in Moderna and other healthcare stocks.

The PHLX chip index (.SOX), opens new tab tumbled 5.3%, underscoring recent volatility among AI-related chipmakers that have fueled ‌much of Wall Street's gains in recent years. While some investors remain optimistic about the potential for AI to fuel higher profits, others worry that massive spending to build AI data centers may take too long to pay off.

Apple (AAPL.O), opens new tab rallied 3.1% and partly rebounded from a selloff on Thursday, when it raised iPad ​and MacBook prices, blaming soaring memory and storage chip costs.

Moderna (MRNA.O), opens new tab surged almost 13% to its highest level since 2024 after the drug developer hosted ​an investor event and showcased its pipeline.

Eight of the 11 S&P 500 sector indexes declined, led lower by industrials (.SPLRCI), opens new tab, down 3.41%, followed by a 2.45% loss in materials (.SPLRCM), opens new tab...

U.S. inflation rose above 4% in May, data showed on Thursday, as the Iran war drove up energy prices, keeping alive the possibility of a Fed rate hike.

While ​oil prices have retreated sharply as the Middle East tensions eased, Apple's newly announced price hikes suggest inflation remains a concern, said Art Hogan, ​chief market strategist at B. Riley Wealth...

For the week, the S&P 500 fell 2.05% and the Nasdaq lost 4.7%.

The chip index lost 7.9% for the week, its worst week since early April.

A report that OpenAI was considering delaying ​its public debut until next year ​also weighed on risk sentiment ⁠related to AI stocks.

Shares of SpaceX (SPCX.O), opens new tab edged up 0.15%. Passively managed index funds need to buy billions of dollars' worth of the stock ahead of its inclusion in Russell indexes.

Meanwhile, interest rate concerns persisted, with traders ​pricing in one 25 basis-point rate hike and a near 27% chance of another by year-end, according ​to LSEG-compiled data.

A ⁠survey showed U.S. consumer sentiment rebounded from record lows in June, though households remained worried about the high cost of living.

ON Semiconductor (ON.O), opens new tab dropped almost 24% after agreeing to acquire Synaptics (SYNA.O), opens new tab in an all-stock deal valued at about $7 billion. Synaptics dipped 3.7%.

Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX), opens new tab by a 1.8-to-one ⁠ratio.
The S&P ​500 posted 35 new highs and 5 new lows; the Nasdaq recorded 263 new ​highs and 169 new lows.
Volume on U.S. exchanges was relatively heavy, with 30.1 billion shares traded, compared with an average of 23.1 billion shares over the previous 20 sessions.

https://www.reuters.com/business/wall-st-futures-fall-chip-stocks-resume-slide-after-micron-led-rally-2026-06-26/

SpaceX set to join Nasdaq 100, paving way for wave of passive buying
https://www.straitstimes.com/business/spacex-set-to-join-nasdaq-100-paving-way-for-wave-of-passive-buying

While You Were Sleeping: 5 stories you might have missed, June 27, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-june-27-2026

Things to do in and around Singapore | Time Out Singapore
https://www.timeout.com/singapore/things-to-do

The $4 trillion corporate profit boom
https://finance.yahoo.com/markets/article/corporate-profits-were-already-at-historic-highs-they-shot-even-higher-in-q1-180022338.html

SpaceX Got $90 Billion in Orders for a $25 Billion Bond Sale Less Than 2 Weeks After Its IPO. Is That a Good Sign or a Warning?
https://finance.yahoo.com/markets/stocks/articles/spacex-got-90-billion-orders-205000195.html

📈 A year ago these prices would have sounded absurd.
DBS +52%. SGX +72%. ST Engg +36%. Sheng Siong +69%. AEM +772%.

Singapore stocks just had a year nobody saw coming. The gains followed real profits, not hype.

The catch: these valuations now demand flawless execution.

https://drwealth.com/dbs-at-66-sgx-at-24-five-singapore-stocks-at-prices-youd-have-laughed-at-a-year-ago/

Gold has given up all of its gains in 2026. Why did it soar one year and crash the next? And what's ahead? We explain it here: https://finbiteinsights.substack.com/p/gold-erased-all-gains-in-2026

⛏️ During the 1849 Gold Rush, the real fortunes went to merchants selling picks and shovels, not the miners.

Same story today. While everyone fights to buy Nvidia at record highs, Malaysia is quietly supplying the picks and shovels for the entire AI buildout and Bursa's tech index just had a violent rally because of it.

Fundamentals are real. US$600B+ in AI data centre spend through 2028, much of it through Penang and Kulim.

Read more: https://drwealth.com/5-malaysia-ai-pick-and-shovel-stocks-and-yes-they-actually-rallied/

📊 China's two biggest appliance makers, Haier and Midea, are both yielding 5%+ again. Both grew earnings in 2025. One bets on premium smart homes, the other on industrial tech and AI. Share prices have also pulled back this year, pushing yields up further. Which is the safer income play? [Premium] https://growthdragons.substack.com/p/haier-and-midea-are-yielding-more

You might have thought the AI stocks have ran too much. And then you have Micron reporting record earnings that beat estimates in all measures and by a big margin. Stock rose 16% in a day. On the flip side, Micron's gain is Apple's pain. Memory prices gone up so much that Apple has to raise prices by 25%. Stock fell 6% yesterday. Read more: https://finbiteinsights.substack.com/p/micron-up-16-apple-down-6

The Malaysian ringgit is expected to weaken further against the Singapore dollar in 2026, analysts said.

It was trading at RM3.17 to S$1 on June 26, close to its 6-month low of 3.21 on June 22. https://str.sg/cjs9

🚌 Take note if you’re heading out this weekend. 6 bus services with routes in the city will be diverted on June 27 and July 4 due to road closures for NDP rehearsals. The affected bus stops: https://str.sg/hAYg

OpenAI defers public roll-out of GPT‑5.6 as US seeks early access to frontier AI models
https://www.straitstimes.com/business/openai-defers-public-roll-out-of-gpt-5-6-as-us-seeks-early-access-to-frontier-ai-models

Regional trade bloc CPTPP welcomes reopening of Strait of Hormuz, steps up expansion efforts
https://www.straitstimes.com/business/cptpp-welcomes-reopening-of-strait-of-hormuz-advances-expansion-agenda

In this Weekly Wrap-Up (0:05-0:12), Chief Market Strategist Gareth #Soloway provides a technical analysis of the current market landscape, noting signs of potential exhaustion in the tech sector.

Key Market Insights:
Tech & AI Sector: The semiconductor and AI-related stocks faced a significant downturn (0:34-1:44). Gareth highlights Micron's earnings-driven pullback as a sign of "peak euphoria" and "peak margins" (1:06-1:28), emphasizing that the broader market is anticipating weaker performance in the coming 6-12 months.
Technical Analysis:
S&P 500: Gareth identifies a critical "failed breakout" of a long-term parallel trend line (2:23-5:47). He warns that if the index sustains a lower low next week, it could signal a larger downward trend.
Sector Rotation: While AI stocks lagged, there was a noticeable rotation of capital into previously "hammered" stocks like Microsoft, Amazon, and Meta (2:01-2:13).
Other Asset Classes:
Dollar & Bonds: A strong dollar remains a concern for corporate earnings (8:06-8:29), while the 10-year yield's downward movement suggests potential economic slowdown concerns (8:58-9:30).
Commodities: Gareth notes that while gold and silver have been in a freefall (15:47-16:08), oil is approaching a potential technical support level where a bounce might occur (17:21-18:04). Bitcoin is currently struggling at support, with sentiment leaning toward extreme bearishness (19:18-19:58).

Market Outlook:
Gareth reminds investors that cyclical corrections are natural and that extreme optimism in specific sectors is often a contrarian sell signal (13:32-14:18). Looking ahead, he anticipates a potentially slower week leading into the July 4th holiday (5:50-6:22) and continues to provide daily updates to help investors navigate market volatility.

https://www.youtube.com/live/WEdMlWG7PTU?is=r1nvoj6yJxJfVxuI

#YahooFinance
What is happening to Apple and its supply chain of companies?

https://youtu.be/_KBZBxe7fmo?is=l0xLaoPWkYAscmR8