Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Dow Jones Rises to 52,747 as Investors Rotate Into Blue-Chip Stocks While Tech and Chip Shares Slide

Published

on

FTSE 100 Surges 0.8% Today as Oil Eases and Markets

The Dow Jones Industrial Average edged higher Thursday, climbing 88.62 points, or 0.17%, to 52,747.26, as investors continued rotating into industrial and blue-chip names even as technology and semiconductor stocks struggled to build on recent momentum.

The modest gain extended a two-day winning streak for the 30-stock index, which closed Wednesday up 150.37 points, or 0.29%, at 52,658.64. That session saw the S&P 500 and Nasdaq Composite both post stronger gains, rising 0.38% and 0.62%, respectively, as investors digested a softer-than-expected wholesale inflation reading and a bullish outlook from Dutch chip equipment maker ASML.

Thursday’s session unfolded with more caution across broader markets, even as the Dow pushed modestly higher. S&P 500 futures slipped 0.2% and Nasdaq 100 contracts dropped 0.8% ahead of the opening bell, as traders weighed whether recent earnings results justified further gains in artificial intelligence-related stocks. A strong earnings beat and raised sales outlook from Taiwan Semiconductor Manufacturing failed to translate into fresh gains for the broader chip sector, a dynamic that has fueled much of this year’s stock market advance. Europe’s Stoxx 600 index was down 0.6% in early trading, while Asia’s technology-heavy indexes had another volatile overnight session.

The divergence between the Dow’s modest advance and weakness in more tech-heavy benchmarks reflects a broader rotation that has played out across markets in recent sessions, with investors shifting money away from semiconductor stocks that have led this year’s rally and into other sectors, including industrials and select technology names less exposed to chip supply chains.

Advertisement

Corporate earnings have played a significant role in shaping sentiment this week. IBM shares tumbled more than 22% Tuesday after the company said it expected second-quarter earnings per share of $2.93 on revenue of $17.2 billion, both below Wall Street’s consensus estimates. The company attributed the shortfall to weaker-than-expected growth in its software and infrastructure businesses, saying customers had shifted spending toward memory chips instead. IBM’s stumble weighed on the Dow and rippled into the broader software sector, with Workday, Salesforce and Adobe shares falling 9%, 6% and 5%, respectively, as investors grew concerned about softening demand across enterprise software.

Chip stocks, meanwhile, showed signs of stabilizing after a rough stretch earlier in the week. South Korean memory chip maker SK Hynix rose nearly 7% ahead of Tuesday’s opening bell, reversing part of a double-digit decline from the prior session, as investors returned to some of the sector’s most beaten-down names.

Inflation data released this week offered some reassurance to markets. June’s Consumer Price Index came in better than expected, falling 0.4% on a monthly basis, while core CPI, which excludes food and energy, was flat. Major indexes climbed on the data initially, though the reading came with a caveat: the decline reflected falling oil prices from earlier in the year that have since risen sharply again. Crude oil topped $80 a barrel this week after Iran and the United States traded attacks and the Trump administration reinstated a blockade on Iranian shipping through the Strait of Hormuz, a move President Trump described in a social media post as intended to secure the strait while allowing the U.S. to collect a 20% fee on cargo shipped through the region. Crude prices have risen 16% from a recent low, a shift that could eventually pressure consumer and transportation-related stocks if sustained.

Federal Reserve Chairman Kevin Warsh’s remarks to Congress this week have also factored into market sentiment, with investors watching closely for any signals about the central bank’s next moves on interest rates amid the mixed inflation and growth data.

Advertisement

Thursday’s trading session carried a heavy earnings and economic data calendar. Wall Street was watching for results from Taiwan Semiconductor Manufacturing, GE Aerospace, UnitedHealth Group, Abbott Laboratories, US Bancorp, Netflix and Intuitive Surgical, alongside June retail sales figures and the weekly initial jobless claims report, both of which were expected to offer fresh insight into the health of the U.S. consumer and labor market.

Big Tech names that led Wednesday’s rally showed a mixed picture heading into Thursday. Apple shares closed at a record high Wednesday after a report indicated the company had received approval to launch its generative artificial intelligence features in China, sending the stock up more than 4%. Alphabet shares rose nearly 3% the same session, while Amazon and Microsoft each gained close to 3%. Whether those gains would hold on Thursday remained uncertain given the more cautious tone in premarket trading, with technology shares broadly turning negative even as the Dow’s more industrial and financial-heavy composition helped it post a modest gain.

Financial sector earnings have generally come in strong this reporting season. BlackRock shares jumped more than 5% earlier this week after the asset management giant posted second-quarter results that beat expectations, with the company reporting earnings of $13.91 per share on revenue of $7.08 billion. Morgan Stanley shares rose more than 1% in premarket trading after the bank reported record quarterly revenue and profit, posting $3.46 in earnings per share on revenue of $21.35 billion.

Market strategists have cautioned that expectations for this earnings season remain elevated. According to CFRA Research chief investment strategist Sam Stovall, second-quarter earnings per share for S&P 500 companies are projected to rise 20.9% year-over-year, well above the average quarterly increase of 11.6% seen since 2009. Full-year S&P 500 earnings are projected to climb 22.9% in 2026 and 18.2% in 2027, according to Stovall, even as the index’s forward price-to-earnings ratio sits at a premium to its 10-year average, raising the bar for companies to justify current valuations with their results.

Advertisement

Billionaire investor Warren Buffett offered a note of caution on the broader market environment this week, telling CNBC’s Becky Quick that today’s market has become increasingly shaped by speculative trading rather than long-term investing, a dynamic he said has made it harder to find good value.

With crude oil prices elevated on Middle East tensions, corporate earnings delivering a mixed bag of results, and investors continuing to reassess the AI trade that has powered much of this year’s rally, Thursday’s modest gain for the Dow reflected a market still searching for consistent direction as the second-quarter earnings season moves into full swing.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Toyota sued over claims it tracked users after rejecting cookies

Published

on

Toyota sued over claims it tracked users after rejecting cookies

Toyota is the latest company facing a lawsuit over its website’s use of online tracking technology — aka cookies — highlighting a growing legal risk for businesses that rely on digital advertising and consumer data.

A proposed class action filed Wednesday in Los Angeles County Superior Court accuses the automaker of continuing to track visitors to Toyota.com even after they declined third-party cookies, allegedly violating California privacy law.

Advertisement

Lead plaintiff Brittany Conner alleges Toyota installed tracking technology on users’ devices despite their opting out through the website’s cookie consent banner. 

According to the complaint, the technology allowed third parties to collect browsing activity, device information, online identifiers and other data used for targeted advertising.

TOYOTA TO INVEST $3.6B IN PLANT EXPANSION, WILL SHIFT TACOMA PRODUCTION FROM MEXICO TO TEXAS

Toyota Motor Corp's logo is pictured at its dealership in Tokyo

The lawsuit alleges Toyota installed tracking technology on users’ devices despite their opting out through the website’s cookie consent banner.  (Kim Kyung-Hoon/Reuters, File / Reuters)

The lawsuit alleges the tracking relied on a practice known as “fingerprinting,” which can identify internet users by combining information about their devices and browsing activity, even when traditional tracking cookies are rejected.

Advertisement

Toyota’s website presents visitors with a consent banner offering the option to accept or decline cookies and similar tracking technologies. The lawsuit alleges the company nevertheless deployed tracking tools after users selected “decline.”

Ticker Security Last Change Change %
TM TOYOTA MOTOR CORP. 179.76 +2.84 +1.61%

The case comes as businesses across industries face mounting litigation under the California Invasion of Privacy Act, or CIPA, a 1967 law originally enacted to prohibit wiretapping. In recent years, however, plaintiffs have increasingly used the statute to challenge website tracking technologies and other online data collection practices.

APPLE ACCUSES OPENAI OF TELLING RECRUITS TO BRING APPLE PROTOTYPES TO INTERVIEWS

The outside of a new Toyota dealership in San Bernardino, California.

Toyota is the latest company facing a lawsuit over its website’s use of online tracking technology. (Terry Pierson/The Press-Enterprise via Getty Images / Getty Images)

According to privacy compliance firm OneTrust, more than 800 CIPA lawsuits were filed in 2025, targeting companies over technologies that plaintiffs argue collect consumer data without users’ consent.

Advertisement

Several companies have recently resolved similar claims. Forbes Media agreed in May to pay $10 million to settle a proposed “trap and trace” class action, while the Los Angeles Times agreed to a $3.85 million settlement. 

DraftKings and the NFL have also been sued over alleged website tracking practices.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Conner is represented by Pacific Trial Attorneys. The firm did not immediately respond to FOX Business’ request for comment.

Advertisement

Toyota did not immediately respond to FOX Business’ request for comment.

Continue Reading

Business

Nephros, Inc. (NEPH) Discusses Evolving Water Safety Strategies and Expansion Beyond Filtration Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Robert Banks
President, CEO & Director

I’m really super excited about this. I got a few more people still logging in, so I’m going to pause just a little bit while we get those last few stragglers logged in. So good stuff, good stuff. So welcome to the Nephros investor event. Thank you for taking the time to join us today and for your interest in Nephros.

Whether you’ve been a shareholder for years or just beginning to learn about the company, I hope you leave today’s event with a much deeper understanding of who we are, why we exist and perhaps most importantly, where we’re headed.

Because today’s event isn’t really about filters, it’s about water. Water is necessary for life. Clean, safe water is fundamental to health. And yet most people don’t think about it until something goes wrong. When water quality fails, the consequences can be significant.

Advertisement

Patients become ill, buildings can shut down, equipment can fail, businesses lose confidence, trust is lost. At Nephros, our purpose is simple. We purify water where it matters most. That includes hospitals, dialysis clinics, commercial buildings, laboratories, food service and many other environments where water quality has real consequences for patients, customers, caregivers, equipment, operations, ultimately, trust.

The interesting thing that the market around us is just changing so rapidly. Just a few years ago, most conversations centered around legionella. Today, the discussion is much broader. Customers are thinking about opportunistic premise plumbing pathogens, biofilm, antibiotic-resistant organisms, PFAS, lead, aging infrastructure and increasingly micro and nanoplastics.

The

Advertisement
Continue Reading

Business

Form 4 Paysign Inc For: 16 July

Published

on


Form 4 Paysign Inc For: 16 July

Continue Reading

Business

Intuitive Surgical, Inc. (ISRG) Q2 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript