US EQUITY OPEN: Indices open higher led by technology

Newsquawk Staff · 6 Jul 2026, 14:22 UTC

OPEN: Stocks opened in the green on Monday after the long weekend, with Nasdaq leading the gains owing to gains in the tech sector, as semis outperforming (SOXX +4%) and memory names also caught a bid (+7%). Industrials are also outperforming with gains in Boeing (BA) providing support after it launched its fourth 737 MAX assembly line to support higher production. Elsewhere, other sectors are largely lower with underperformance in the traditional haven sectors, Health Care, Consumer Staples and Real Estate. Elsewhere, the dollar is firmer, with GBP and AUD outperforming, while CHF and JPY lag in summer trade with carry trades driving FX price action, and gold is also lagging. Energy prices are only marginally lower, but some weakness was seen after Saudi Aramco lowered its Arab light crude oil OSP to Asia by USD 11.00/bbl, to a USD 1.50/bbl discount - the largest cut in 26 years. There is little to report on geopolitics, though reports note that Islamabad is the more likely venue for the next round of US-Iran technical talks, and 11th July has been touted as the potential meeting date. Elsewhere, the final S&P Global Services PMI was revised down to 51.2 from 51.3, but was still up from the 50.7 final reading in May reading. The ISM Services PMI fell slightly more than expected but employment rose back above 50 while prices dropped.

STOCK SPECIFICS

Broadcom (AVGO): To develop and supply a range of custom ASIC silicon products for Apple
TeraWulf (WULF): Announces Anthropic lease at its Justified Data campus
Strategy (MSTR): Reduced Bitcoin holdings by 3.5k BTC
Element Solutions (ESI): To be acquired by Solstice Advanced Materials in a USD 14.5bln cash-and-stock deal
ASML Holding (ASML): Price target raised at Bernstein to USD 2.623k (prev. USD 1.971k)
Datadog (DDOG): Downgraded at Bernstein

What our latest note said

US Market Open, 22 Oct, 10:37 UTC · what it led with

Iran's IRGC Navy warned that US efforts to encourage passage could result in strikes on US bases.
Iran's Major General Rezaei said Iran has presented seven new conditions through mediators and will neither reopen the Strait of Hormuz nor resume negotiations until they are met.

Read the whole note Free to read.

Newsquawk Daily

Get the next one free, by email.

What moved overnight, where stocks, bonds, currencies and oil stand, and what’s due today. Written by our analysts.

Both market-open notes, EU and US, every weekday. No account needed. Unsubscribe any time.

If you trade

This headline was on the Newsquawk live feed at 14:02 UTC.

Use the Platform opens our news terminal in your browser, with the live headline feed. It’s news, not a broker.

Use the Platform

Free. No signup, no card.

Case studies

Headlines that moved markets

FX headlines from our feed, and what the market did next.

Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.
DXY+0.1%
Japan's GPIF didn't discuss allocation at its September meeting, Bloomberg reports.
USD/JPY+0.1%
Japanese FX Official Mimura says they are closely watching to see if markets take the clear message they are giving at face value. Not satisfied with or reassured by recent JPY action.
USD/JPY−0.5%

See all 183

More on this story

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

STOCK SPECIFICS

More on this story

Related headlines