Stock market today: Dow closes above 52,000 for first time, S&P 500 and Nasdaq rally as tech gains
Nvidia, Alphabet sit out megacap tech bounce as chip stocks sink
Jensen Huang, CEO of NVIDIA, speaks to reporters and answers questions during a brief press availability outside a Korean barbecue restaurant in Seoul, South Korea, on June 5, 2026.
Chris Jung | Nurphoto | Getty Images
Chip stocks sold off on Friday amid mounting concerns over the rising cost of artificial intelligence infrastructure.
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Read MoreBitcoin Spot ETFs Post Worst Month on Record With $4.5 Billion June Outflow
US-listed Bitcoin (BTC) exchange-traded funds (ETFs) recorded $4.5 billion in net outflows during June 2026. This was the worst monthly figure since the products launched in January 2024.
The redemptions coincided with a sharp price decline. Bitcoin fell 20.48% over the month, its steepest monthly drop since June 2022,
» Read more about: Bitcoin Spot ETFs Post Worst Month on Record With $4.5 Billion June Outflow »
Read MoreCathie Wood Doubles Down on Tesla and SoFi With Fresh Million-Dollar Buys
This article first appeared on GuruFocus.
Tesla (NASDAQ:TSLA) and SoFi Technologies (NASDAQ:SOFI) drew fresh support from Cathie Wood’s ARK Invest ahead of the U.S. Independence Day holiday, with the fund adding to both positions.
Tesla represented ARK’s largest purchase of the session.
» Read more about: Cathie Wood Doubles Down on Tesla and SoFi With Fresh Million-Dollar Buys »
Read MoreThe Burst
How Far Will The Market Fall?
Zooming out is often quite helpful in providing insights as to where the market is likely to go. When we examine a chart of the S&P 500 now on a weekly basis, a clear uptrend from mid-2022 has formed.
So too has a strong resistance line been created at close to the 4,800 mark both at the end of 2021 and the end of 2023.
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Read MoreThe Ivy
If World War 3 Breaks Out, Own This Stock
With news breaking recently of a drone attack by Ukraine on Moscow, it appears the stakes have risen and tensions escalated.
Amid the backdrop of war, defense contractors are a natural play on the markets. And they don’t necessarily even need the US to get involved to benefit.
Reportedly, President Biden stated that many of the so-called aid packages to Ukraine are in fact funds that never leave US shores but instead land in the coffers of defense contractors,
» Read more about: If World War 3 Breaks Out, Own This Stock »
Read MoreThe Spotlight
Don’t Sleep On This Bedtime Stock
The impact of a sleep deficit goes far beyond feeling a bit drowsy during the day. Getting less than seven hours of sleep regularly can contribute to weight gain and obesity, high blood pressure, diabetes, stroke and heart disease. Lack of sleep is also associated with depression, reduced immune function, increased pain, more errors, more accidents and impaired performance at work or school.