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Apple briefly tops $5 trillion market value for first time

Apple briefly tops $5 trillion market value for first time

July 28 (Reuters) - Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.72% at $339.33, giving it a market capitalization of $4.98 trillion.

Apple briefly becomes second company ever to notch $5 trillion market value

Apple briefly becomes second company ever to notch $5 trillion market value

July 28 (Reuters) - Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.2% at $337.7, giving it a market capitalization of $4.96 trillion.

Nasdaq falls as AI worries mount ahead of pivotal earnings

Nasdaq falls as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - Nasdaq futures fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall

S&P 500 inches higher in choppy trading as investors await pivotal earnings

S&P 500 inches higher in choppy trading as investors await pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The benchmark S&P 500 edged higher in a choppy session on Tuesday, as gains in other sectors offset a decline in chip stocks ahead of key earnings reports from some of Wall Street's "Magnificent Seven" companies.

Nasdaq set for lower open as AI worries mount ahead of pivotal earnings

Nasdaq set for lower open as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq was set to open lower on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies

Corning falls 16% after forecasting weaker-than-expected Q3 sales

Corning falls 16% after forecasting weaker-than-expected Q3 sales

July 28 (Reuters) - Corning on Tuesday forecast third-quarter sales that fell slightly short of Wall Street expectations after reporting slower growth in its key fiber optics unit, sending its shares down more than 16% in premarket trading.

Cadence raises annual forecasts as demand booms for AI chip design

Cadence raises annual forecasts as demand booms for AI chip design

July 27 (Reuters) - Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software. Shares of the company rose more than 5% in extended trading.

S&P and Nasdaq dip as investors focus on tech earnings

S&P and Nasdaq dip as investors focus on tech earnings

By Sinéad Carew and Noel Randewich July 27 (Reuters) - Wall Street dipped on Monday, as investors worried that stubbornly high oil prices could force the Federal Reserve to raise interest rates, as they also awaited guidance from major technology companies in a busy week for quarterly earnings.

Wall St futures gain as pause in US-Iran hostilities lifts sentiment

Wall St futures gain as pause in US-Iran hostilities lifts sentiment

By Johann M Cherian and Ragini Mathur July 27 (Reuters) - Wall Street futures climbed on Monday after the United States and Iran announced a pause in hostilities over the weekend, driving oil prices sharply lower and boosting risk appetite ahead of a week of major earnings, economic data and an

Wall St futures rise as US, Iran pause hostilities

Wall St futures rise as US, Iran pause hostilities

July 27 (Reuters) - Wall Street's main stock index futures rose on Monday as the United States and Iran announced a pause in hostilities over the weekend, sending oil prices sharply lower. A wide swathe of stocks sensitive to energy prices rose in premarket trading.

Wall St set to open higher as pause in US-Iran hostilities lifts sentiment

Wall St set to open higher as pause in US-Iran hostilities lifts sentiment

By Johann M Cherian and Ragini Mathur July 27 (Reuters) - Wall Street's main indexes were set to open higher on Monday after the United States and Iran paused hostilities, boosting risk appetite ahead of a week of major earnings, economic data and an interest rate decision.