US stocks closed lower on the last day of June with all three major indexes down. The AI-driven Nasdaq rose 18% in the first half of the year, while Nvidia soared 149%.

After hitting a new high, the S&P and Dow fell together, possibly due to Goldman Sachs and JPMorgan bearish on US stocks. Amazon, Google, and Microsoft fell from their recent highs, while most chip stocks rose. However, Nvidia rose 3% before falling 0.4% as the AI hype drove the Nasdaq up 18% and the S&P up 14.5% in the first half of the year.

wallstreetcnJun 29 09:32

'Amazon's Bargain Store Would Use Same Trade 'Loophole' as Temu, Shein' - The Information

'Amazon's Bargain Store Would Use Same Trade 'Loophole' as Temu, Shein' - The Information

BenzingaJun 29 02:42

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan

BenzingaJun 29 01:35

A Closer Look at PDD Holdings's Options Market Dynamics

Financial giants have made a conspicuous bearish move on PDD Holdings. Our analysis of options history for PDD Holdings (NASDAQ:PDD) revealed 10 unusual trades.Delving into the details, we found 30% o

BenzingaJun 28 22:31

US Stock Market Preview | US May core PCE annual rate drops to a new three-year low, three major futures indexes slightly up.

The first half of the year has been a strong period for the US stock market and it will face three major challenges in the future; Nike's pre-market trading fell nearly 15%, and the company's fourth quarter revenue fell short of expectations.

Futu NewsJun 28 20:37

Citigroup expects Amazon (AMZN.US) to launch a Temu section similar to that of PDD Holdings (PDD.US), with little short-term impact on Temu.

Citigroup's research report pointed out that there have been multiple reports recently that Amazon (AMZN.US) is planning to launch a low-price zone similar to PDD.US's Temu, which sells non-branded outfits, housewares, and daily necessities for less than $20, directly shipped from Amazon's China warehouse, with a delivery time of 9 to 11 days, in order to cope with competition in the e-commerce market. The bank expects that Chinese merchants facing price competition in cross-border e-commerce may be interested in an alternative market that provides pricing rights, selection rights, and assistance in saving cross-border logistics costs. As the project is still in its early stages, Amazon's...

AASTOCKSJun 28 14:38