Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting Club
PRO
LivestreamMenuTraders work at the New York Stock Exchange on June 29, 2026. NYSE
Stock futures were mixed on Sunday night following a strong week on Wall Street that drove the Dow Jones Industrial Average to record highs.
Futures tied to the 30-stock benchmark slipped 28 points, 0.1%. S&P 500 futures gained 0.4%, while Nasdaq-100 futures advanced 1.3%.
The Dow climbed nearly 2% last week, putting it within striking distance of 53,000, a level it has never reached. The S&P 500 and Nasdaq Composite also posted sharp gains last week, advancing 1.8% and 2.1%, respectively.
Those gains came even as semiconductors — the force behind many of the market’s gains this year — faltered last week, with investors paring exposure to chipmakers and rotating into other sectors. The VanEck Semiconductor ETF (SMH) shed 3.2%, marking its second losing week in a row.
“The broadening in sector rotation is a big positive, with Financials, Healthcare, and Industrials all closing at new weekly all-time highs this week and more than offsetting the consolidation in Semis,” wrote Mark Newton, head of Technical Strategy at Fundstrat. “While the Semi decline is a short-term headwind that favors owning other sectors while it settles, it has not dented the broader indices.”
Newton expects the S&P 500 to reach 8,000 by mid-August. The benchmark closed last week at 7,483.24, about 7% below the 8,000 mark.
Traders this week will turn their eyes to the Federal Reserve, with the minutes of the June meeting — the first led by new Chairman Kevin Warsh — due Wednesday.
26 Min Ago
Investors are suffering from AI fatigue, say Ed Yardeni
The president of Yardeni Research thinks Wall Street is suffering from “AI fatigue” as they are not “convinced that the huge investments in AI infrastructure will earn a good rate of return.”
“They are worried about the possibility of excess capacity and increasing competition among AI providers, including the ones from China. They are unsettled by the decline in token prices, though the impact of that on providers’ revenues might be offset by greater usage,” he added.
“Nevertheless, we don’t buy the bubble stories that compare the current bull market in stocks to the tech bubble of the late 1990s, which was followed by the Great Tech Wreck (GTW) of the early 2000s,” he said.
— Fred Imbert
47 Min Ago
Stock futures rise at the open
Futures tied to the 30-stock benchmark ticked higher by 12 points. S&P 500 futures gained 0.4%. Nasdaq-100 futures advanced 1.3%.
— Fred Imbert
About The Author
