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Nike is set to be removed from the S&P 100, a subset of the S&P 500 that tracks 100 major blue-chip companies across multiple industry groups, later this month. This comes after the company lost nearly 80% of its value since 2021. As The Gateway Pundit reported last month, the woke brand’s stock price plunged to a 12-year low after spending the last decade championing left-wing social justice causes. As of Saturday, the company has a market cap of roughly $57 billion, losing more than $200 billion in value since its all-time high in November 2021. The stock is down...

Artificial intelligence spending is racing toward levels once considered unimaginable. Yet 250 years of market history suggest the boom may have considerably further to run before financing pressure, higher rates or an outside shock finally brings it down. AI Spending Has Entered a New PhaseThe artificial intelligence boom began as a technology story. It has evolved into one of the largest capital investment cycles in modern history.Since 2024, companies have poured hundreds of billions of dollars into semiconductors, power infrastructure, data-center construction and networking equipment. Amazon, Alphabet, Meta Platforms and Microsoft are expected to spend roughly $700 billion on capital...

Unitree Robotics shares rose 542% in early trading Wednesday as the Chinese humanoid robot maker made its stock market debut in Shanghai. The Hangzhou-based robot maker, whose backflipping and dancing machines have drawn global attention, raised about 6.1 billion yuan ($905 million) in its IPO, according to its prospectus. Shares rose to 968.1 yuan apiece, after hitting as high as 1,100 yuan earlier. The IPO also drew backing from Chinese AI company DeepSeek, which invested about 140.8 million yuan, according to a company filing. Unitree’s existing investors also include Chinese tech giant Tencent. Unitree’s product lineup spans bipedal humanoid robots...

US stocks dropped on Wednesday as bond yields rose after the Federal Reserve voted to hold rates steady, with three members dissenting and voting for a hike. The Dow Jones Industrial Average (^DJI) fell more than 1,100 points or 2.2% as oil prices rose amid renewed tensions in the Middle East, and long-dated Treasury yields rose following the Fed decision. The S&P 500 (^GSPC) dropped 1.5%, while the tech-heavy Nasdaq Composite (^IXIC) sank about 1.7% as a sell-off in chip stocks continued to deepen. Markets were digesting the Federal Reserve's decision to hold interest rates steady, with three FOMC members...

Dear Quentin, If all my contributions, along with my employer’s contributions, had been invested in the S&P 500, my balance would be more than $4 million. I could take a very sustainable withdrawal rate of approximately $30,000 a month, assuming my long-term returns were 7%-8%. If only my contributions were invested in the S&P 500, while my employer contributions went to the government, I’d have close to $3.7 million in the account at the end of this year, based on historical averages. I do better than many citizens because I’ve contributed at the highest level. You can email The Moneyist...

Your broker may be speaking funny and saying “y’all” often. I mean, Wall Street in Texas is getting more real by the minute. We thought it was a cool idea a while back, but it may be happening indeed. Check this out: The Texas Stock Exchange will commence trading on Monday, kickstarting the first real test of one of the most well-funded new exchanges to launch in decades. The Texas Stock Exchange, a Dallas-based startup, will initiate a phased rollout to take place over the course of July. On Monday, the exchange will open to TXSE members, including approved broker-dealers,...

Oil prices fell and U.S. stock-index futures jumped Sunday after President Donald Trump said the U.S. has agreed to a peace deal with Iran, apparently ending months of hostilities that shut the Strait of Hormuz and sent the global economy into an oil shock. “The Deal with the Islamic Republic of Iran is now complete,” Trump said in a social-media post late Sunday. “Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let...

SpaceX (SPCX) made its historic debut on Friday, opening at $150 per share. Investors' expectations for the stock were sky-high going into the start of trading. The company, which aims to put AI data centers in space, priced its shares at $135 each, raising about $75 billion and giving it an anticipated market capitalization of $1.77 trillion. On paper, CEO Elon Musk became the world's first trillionaire. Meanwhile, US stocks rose modestly as investors assessed reports that the US and Iran are closing in on an interim peace deal. The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC)...

U.S. equities gained on Thursday, boosted by a rebound in chip stocks after recent pressure, after President Donald Trump said that he has called off the strikes on Iran scheduled for this evening. The S&P 500 gained 1.1%, while the Nasdaq Composite added 1.5%. The Dow Jones Industrial Average rose 712 points, or 1.5%. West Texas Intermediate crude futures were last trading around the flatline at roughly $90 a barrel. Oil prices had risen earlier in the day after President Donald Trump said in a post on Truth Social that the U.S. will be attacking Iran “VERY HARD TONIGHT.” He...

To get into the S&P 500, a company is supposed to make some money. The sum of its four quarters of earnings has to be positive—at least GAAP wise—and so does its most recent quarter. That’s a pretty basic rule, decades old and it’s the reason Tesla sat outside of the index until the end of 2020, years after it had become one of the most valuable companies on earth. Soon, that rule will be broken, likely three times. On purpose. SpaceX, OpenAI and Anthropic are all independently preparing to go public, at different speeds; SpaceX has released its S-1,...

A remarkable two-month sprint higher for the major U.S. stock-market indexes encountered its first major hiccup on Friday, as the Nasdaq Composite plummeted more than 1,121 points — its biggest one-day point drop on record, according to Dow Jones Market Data. That translated to a 4.2% decline for the Nasdaq, the biggest in percentage-point terms since April 10, 2025, data showed. A 2.6% drop for the S&P 500 on Friday was its worst since Oct. 10.

Shares of Dell Technologies rocketed 32% after the company reported its fastest pace for revenue growth for any period since returning to the public market in 2018. The stock closed its best day ever. AI server revenue increased 757% from last year. Shares of Dell Technologies closed 32.76% higher on Friday, wrapping its best day ever after the company reported its fastest pace for revenue growth for any period since returning to the public market in 2018. The stock narrowly beat its previous record from March 1, 2024, when it popped 31.6%. Shares are now up 234% in 2026. Dell,...

Dow Jones Industrial Average Last Updated: May 29, 2026 at 12:15 p.m. EDT 51,007.80 338.83 0.67% Previous Close 50,668.97 05/29/2026 12:14 PM EDT

Wall Street's major averages advanced on Wednesday, with the S&P 500 (SP500) achieving a record high as investors awaited good news on the U.S.-Iran conflict front while parsing more bank and financial earnings. The benchmark S&P 500 (SP500) made new intraday highs and was last +0.5%. The heavy-tech Nasdaq Composite (COMP:IND) was last +1.1%, aided by Broadcom (AVGO), +3%, as it entered into a three-year partnership with Meta Platforms (META) to develop its AI chips and deploy them into data centers. Nonetheless, the Dow Jones Industrial Average (DJI) was -0.3%. Over in the bond market, the benchmark 10-year Treasury yield...

Investors around the globe on Wednesday cheered what appears to be the beginning of the end of the military clash between the U.S. and Iran, sending stocks higher and government bond yields lower. Oil prices plunged on the promise that the Strait of Hormuz may soon be open for shipping.The Dow Jones Industrial Average was up by 1,000 points by midday, a 2.3 percent gain. The S&P 500 rose 2.1 percent. The Nasdaq Composite climbed 2.6 percent. Stocks had been even higher earlier in the morning but pared gains as reports on ongoing missle strikes and a drone attack on...

Historical precedent suggests risk assets trough not long after wars start While the duration of the war is unknown, Lee acknowledges, he senses Trump wants a quick end Stock markets bottom at the beginning and not end of wars is the reassuring message that Fundstrat's Tom Lee sent to investors in a note coinciding with the first quarter's final trading session. While the war's duration is unknown, Lee looks at seven major conflicts dating back to 1900 and finds equity markets have a habit of troughing early on because investors "price adverse risks early and quickly." Markets usually bottom early...

Stocks rose on Tuesday following new reports that gave investors hope that the U.S.-Iran war could soon come to an end. The Dow Jones Industrial Average was up 1,125.37 points, or 2.49%, and closed at 46,341.51. The move came after an unconfirmed report said Iranian President Masoud Pezeshkian was open to ending the war with guarantees. The S&P 500 gained 2.91% to end at 6,528.52, and the Nasdaq Composite advanced 3.83% to 21,590.63. All three indexes posted their best day since May. To be sure, Pezeshkian made similar remarks earlier this month, saying in a post on X that the...

I have had Marketwatch on my list of favorites as my “go to” website for financial news for quite some time. I’m becoming increasingly weary of their negative spin on virtually everything related to this administration. I understand that this bias is probably due to Marketwatch being a product of the Wall Street Journal. I’m not avoidant of negativity in reporting but sometimes the bias seems over the top. Any suggestions on where to obtain online reporting on the economy and finances that may be more objective?

We left our sector ratings unchanged for February. Communication Services, Industrials and Health Care remain Outperform, based on their generally solid fundamentals and potential ability of the first two to benefit from artificial intelligence adoption. Consumer Discretionary, Real Estate, and Utilities remain Underperform, based partly on the pockets of consumer stress we're seeing, especially among lower-income consumers, as well as challenging fundamentals (such as a mixed outlook for the office sector).

Paramount Skydance (PSKY) emerged as the likely winner in a m, after streaming giant Netflix (NFLX), on Thursday refused to raise its bid for the storied Hollywood studio. "We've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," Netflix said in a statement. Netflix confirmed to Reuters that it was walking away from bidding for Warner Bros Discovery. The Warner Bros board still has to terminate the Netflix deal and adopt Paramount Skydance's offer. "Once our board votes...