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Stocks Retreat as Tech Shares Plunge
Barchart101d agobearish
Stocks Retreat as Tech Shares Plunge

The S&P 500 Index ($SPX ) (SPY ) today is down -1.26%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.69%. September E-mini S&P futures (ESU26 ) are down -1.14%, and September E-mini Nasdaq futures...

Pfizer (PFE) Lung Cancer Drug Misses Survival Goal In Phase 3 Trial
Simply Wall St.101d agobearish
Pfizer (PFE) Lung Cancer Drug Misses Survival Goal In Phase 3 Trial

Pfizer (NYSE:PFE) reported that its late stage lung cancer drug sigvotatug vedotin did not significantly improve overall survival in a pivotal Phase 3 trial. The trial compared sigvotatug vedotin to standard chemotherapy docetaxel in patients with metastatic non squamous non small cell lung cancer. The drug, part of the Seagen portfolio acquired for US$43b, showed a manageable safety profile and encouraging signals in a subset of patients, but the main efficacy goal was not met. For Pfizer,...

Tech sell-off: Market is in tug-of-war between AI euphoria & AI phobia
Yahoo Finance Video101d agobearishVIDEO
Tech sell-off: Market is in tug-of-war between AI euphoria & AI phobia

US stocks (^DJI, ^IXIC, ^GSPC) are selling off on Tuesday, the Nasdaq Composite in particular being dragged down heavily by Big Tech losses. Micron Technology (MU) has dropped by as much as 12%, while still maintaining gains of over 270% in 2026 ahead of its fiscal third quarter earnings this Wednesday. Mariner Wealth Advisors chief investment strategist and head of equities Jeff Krumpelman discusses what he is seeing out of the tech sector in the broader market picture.

SpaceX Stock Falls Below First Open Price
The Wall Street Journal101d agobearish
SpaceX Stock Falls Below First Open Price

SpaceX shares have slipped below $150, the level at which they first opened on June 12, when the stock went public. Stock in Elon Musk's rocket company plunged 16% yesterday—its biggest one-day decline since its blockbuster IPO.

Oracle cuts 21,000 jobs over past year as it adopts AI
Proactive101d agobearish
Oracle cuts 21,000 jobs over past year as it adopts AI

Oracle Corp (NYSE:ORCL, XETRA:ORC) has reduced its workforce by about 21,000 employees over the past year, citing the deployment of artificial intelligence technologies across its operations, according to its annual filing. The software and cloud company employed approximately 141,000...

SanDisk Plunges 11%, Micron and Western Digital Slide 10% as Korean Market Crash Hits Memory Chips
24/7 Wall St.101d agobearish
SanDisk Plunges 11%, Micron and Western Digital Slide 10% as Korean Market Crash Hits Memory Chips

Shares of SanDisk (NASDAQ:SNDK) are leading a sharp memory-chip selloff Tuesday morning session, with SanDisk stock down 11% to $2,027.50. The decline comes one day after the stock closed at a record high, capping a stunning run higher. Micron Technology (NASDAQ:MU) stock is sliding alongside it, off 10% to $1,085, while Western Digital (NASDAQ:WDC) shares ... SanDisk Plunges 11%, Micron and Western Digital Slide 10% as Korean Market Crash Hits Memory Chips

e.l.f. Beauty (ELF) Launches Haircare And Cuts Prices To Rebuild Demand
Simply Wall St.101d agobearish
e.l.f. Beauty (ELF) Launches Haircare And Cuts Prices To Rebuild Demand

e.l.f. Beauty (NYSE:ELF) has launched e.l.f. Hair, its first haircare line, expanding beyond its core cosmetics and skincare portfolio. The company is pairing this launch with selective price reductions on key products after earlier broad price increases were followed by weaker unit sales. e.l.f. Beauty is tying the new category to its digital engagement push, including activity on platforms such as Roblox, to reach younger consumers. e.l.f. Beauty operates in the mass cosmetics and...

EU to ramp up Meta probe into addictive design: Bloomberg
Reuters Videos101d agobearishVIDEO
EU to ramp up Meta probe into addictive design: Bloomberg

<body><p>STORY: The European Commission plans to ramp up its probe into Meta, a Bloomberg report said.&nbsp;</p><p>The EU alleges the social media giant designs its platforms to be addictive to children.&nbsp;</p><p>The report said the bloc is preparing preliminary findings but has not set a date for the announcement.</p><p>It’s not the first time Meta has faced scrutiny from the commission.&nbsp;</p><p>It first opened a probe into the company under the Digital Services Act in May 2024, due to concerns it had not adequately addressed risks to children.</p><p>In April it charged Meta with breaching its tech rules…</p><p>And said the Instagram owner must do more to block children under 13 from accessing social networks.&nbsp;</p><p>The report said the EU is considering curbs similar to those announced by the UK and other countries after an expert panel delivers recommendations next month.</p><p>Meta and the European Commission did not immediately respond to Reuters requests for comment.&nbsp;</p><p>Reuters could not independently verify the report.</p><p>Meanwhile, a source told Reuters the social media giant is pushing for legal protection in Washington.&nbsp;</p><p>The source said Meta is lobbying U.S. lawmakers for language that would shield social media firms from certain claims tied to minors’ safety and privacy.</p></body>

Investing.com101d agobearish
South Korea leveraged ETF crisis sparks global chip selloff

Samsung Electronics (005930) fell 12.31% to 310,000 KRW in Seoul, and SK Hynix (000660) dropped 12.47% to 2,555,000 KRW, with both stocks opening sharply higher before collapsing through the session. The magnitude of the moves helped push the KOSPI down roughly 9-10% from its recent record high, triggering a market-wide circuit-breaker trading halt. Nasdaq 100 futures were down more than 2% ahead of the US open, putting the index on pace to shed more than $1 trillion in market value, Reuters rep