Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
U.S. stocks finished mixed after the close on Friday as strength in energy, industrials, and basic materials helped support blue-chip shares, while losses in consumer-focused and technology sectors weighed on broader markets. Investors navigated sector rotation, earnings-driven moves, and commodity price fluctuations, resulting in a divided performance across major U.S. indices.
At the close of trading on the New York Stock Exchange, the Dow Jones Industrial Average climbed 0.66%, reflecting solid gains in heavyweight industrial and financial stocks. The S&P 500 added a modest 0.19%, while the Nasdaq Composite slipped 0.03%, pressured by declines in large-cap technology and consumer services names.
Boeing led the Dow Jones higher, surging nearly 5% as optimism around the aerospace sector lifted shares. Caterpillar also posted strong gains, rising more than 4%, supported by strength in industrials and basic materials. Goldman Sachs advanced over 4%, reaching fresh all-time highs and reinforcing momentum in the financial sector. On the downside, Salesforce dropped more than 4%, while Microsoft and Amazon also declined, contributing to Nasdaq’s slight pullback.
Within the S&P 500, semiconductor-related stocks stood out. Micron Technology jumped over 10% to a record high, while Western Digital and Lam Research also posted strong gains, each reaching new all-time highs. In contrast, Gartner, Palantir Technologies, and Intuit were among the weakest performers, posting notable losses.
The Nasdaq Composite saw extreme moves among smaller-cap stocks. Lavoro Ltd recorded a dramatic triple-digit percentage gain, while Sky Quarry and Brand Engagement Network also surged. On the losing side, Outlook Therapeutics plunged more than 58% to an all-time low, joined by sharp declines in Protagenic Therapeutics and Kazia Therapeutics.
Market breadth was positive overall, with advancing stocks outnumbering decliners on both the NYSE and Nasdaq. Volatility eased, as the CBOE Volatility Index fell nearly 3%. In commodities, gold prices edged slightly lower, while crude oil and Brent prices posted mild declines. In currency markets, the U.S. dollar strengthened modestly against the yen, while the euro remained relatively stable.
