Upcoming quarterly results from Alphabet and Intel are poised to heavily influence the market's AI trade, as investors scrutinize capital spending plans amid high expectations and recent volatility in semiconductor stocks.
Boeing is studying an increase in its 737 MAX production rate to 52 aircraft per month, its commercial CEO said, while stressing that its focus at the Farnborough Airshow is on stabilizing output and supplier engagement, not new sales announcements.
Saudi Arabia's benchmark stock index ended Sunday's session nearly unchanged, slipping 0.03% as losses in the retail and agriculture sectors countered a significant surge in global crude oil prices.
Wall Street analysts issued several key downgrades this week, targeting companies like Etsy and Circle Internet on valuation and competitive threats, while financial firms including Sun Life and StoneCo face mounting macroeconomic pressures.
HSBC upgraded Apple to Buy, citing an AI-driven 'operational turning point,' while other key analyst calls focused on Micron as a top pick, SK Hynix's supply advantage, and Broadcom's defensible market share.
Chinese memory chipmaker CXMT's landmark $8.6 billion IPO was significantly oversubscribed, but institutional demand was notably weaker than recent tech listings, reflecting investor caution amid a global downturn in semiconductor stocks.
Bank of America strategists forecast a potential decline of more than 5% for European stocks by early Q4, citing vulnerability from record-high earnings expectations and historically low risk premiums.
Thousands of users globally reported issues accessing Meta Platforms' Facebook and Instagram on Sunday, according to data from Downdetector, highlighting operational risks for the social media giant.
A new Bank of America report identifies Prada, Michael Kors, and Alaïa as the top-performing soft-luxury brands in its Q2 digital momentum rankings, signaling a continued recovery in the sector led by US and South Korean consumers.
