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Dow Jones Today | US Stock Market Live: S&P 500 and Nasdaq futures advanced as chip stocks rebounded after recent losses, lifting sentiment ahead of key Fed minutes and Q2 earnings. Investors also tracked easing rate-hike bets, upcoming ISM services data, and Dow Jones Today | US Stock Market Live: S&P 500 and Nasdaq futures advanced as chip stocks rebounded after recent losses, lifting sentiment ahead of key Fed minutes and Q2 earnings. Investors also...
Dow Jones Today | US Stock Market Live: S&P 500 and Nasdaq futures advanced as chip stocks rebounded after recent losses, lifting sentiment ahead of key Fed minutes and Q2 earnings. Investors also tracked easing rate-hike bets, upcoming ISM services data, and strong earnings growth expectations.
UAE crude production climbed above 3.8 million barrels per day in June, marking the second-highest level on record, according to two sources familiar with the data. The increase highlights strong output levels amid evolving global supply dynamics.
Goldman Sachs has appointed Evan Kotsovinos, formerly of Google, as partner and head of engineering for its asset and wealth management division. He will focus on leveraging engineering capabilities to enhance investment performance, client services, risk management and operational efficiency.
Kotsovinos previously led privacy, safety and security at Google, including oversight of AI safety and data protection. He has also held senior technology roles at American Express and Morgan Stanley, bringing extensive experience in infrastructure and engineering leadership.
Broadcom said it will expand its long-standing partnership with Apple through 2031 to develop and supply custom chips, lifting its shares in premarket trade. The chipmaker has been a key supplier of radio frequency, Wi-Fi and Bluetooth components used in iPhones and other devices.
Apple remains one of Broadcom’s largest customers, contributing about 20% of its annual revenue. The extended deal aligns with Apple’s strategy to secure long-term supply of critical components, even as it continues to design more chips in-house, amid rising demand for advanced processors driven by AI and inference workloads.
Solstice Advanced Materials, recently spun off from Honeywell International, will acquire Element Solutions in a cash-and-stock deal valued at about $14.5 billion, including debt. The transaction aims to create a larger materials supplier focused on semiconductors, electronics and industrial applications. Element shareholders will receive $10 in cash and 0.5 Solstice shares per stock. The deal is expected to close in the first half of 2027.
Investors are closely monitoring Federal Reserve policy signals, with minutes from the latest meeting due this week. Rate-hike expectations have eased following softer economic data, while the ISM services report is expected to show steady expansion, reinforcing a resilient economic outlook.