Mastodawn

US Top News and Analysis | S&P 500 futures are flat after index posts second losing day amid tech selloff: Live updates

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S&P 500 futures were essentially unchanged on Monday night after the index posted a second consecutive loss, dragged down by a sell‑off in technology shares. While the S&P 500 slipped 0.07% and the Nasdaq fell 0.51%, the Dow added about 0.3%, briefly pushing past 50,000 points. Memory‑chip makers led the tech decline, with Seagate tumbling nearly 7% after its CEO warned that building new factories “would just take too long” to meet AI‑driven demand, and Micron fell close to 6% in sympathy. Other AI‑related stocks also retreated, and analysts like Kevin Gordon of the Schwab Center cautioned that the recent market rally may have peaked given the stretched positioning. In other news, President Donald Trump announced on Truth Social that he was calling off a planned attack on Iran after regional leaders asked him to hold off, while Home Depot, Eagle Materials and Amer Sports are set to report earnings, and the average 30‑year mortgage rate rose to 6.68%, the highest level since July 2025. In after‑hours trading, hospitality‑software company Agilysys surged 16% on better‑than‑expected Q4 earnings and revenue guidance, while Akamai Technologies fell 3% after unveiling a $2.6 billion convertible‑note offering.

#SP500 #Nasdaq_100 #Seagate #MicronTechnology #KevinGordon #DonaldTrump

The Bad Place May 12

US Top News and Analysis | AI super rally has retail investors acting the most aggressive since trading frenzy during Covid

AI generated summary, Read the full article for complete information.

Retail traders are showing their most aggressive bullish behavior since the Covid‑driven surge, snapping up call options on Cboe’s “Mag 10” stocks (the seven mega‑caps plus AMD, Palantir and Broadcom) at the strongest 10‑day pace since 2021, with 52% of new positions being call‑buys and only 17% call‑sells, indicating a shift away from hedging. Call premiums on out‑of‑the‑money Nasdaq‑100 contracts have risen to a 52‑week high, and the index has set a new record, up more than 16% year‑to‑date, propelled by a semiconductor rally that now comprises nearly 20% of the S&P 500. This concentration has driven options traders toward single‑stock bets, widening the Cboe S&P 500 Constituent Volatility Index relative to the VIX, while Robinhood data shows retail investors heavily buying tech giants such as Nvidia, Tesla, Micron, AMD and Microsoft and shorting laggards like Costco, UnitedHealth and Alibaba.

#MandyXu #SteveQuirk #Cboe #Robinhood #Nvidia #Tesla #AMD #Microsoft #Alibaba #Nasdaq_100 #