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US stocks today: S&P 500, Nasdaq close lower amid mixed show by tech stocks ahead of earnings

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US stocks today: S&P 500, Nasdaq close lower amid mixed show by tech stocks ahead of earnings
The S&P 500 and ​the Nasdaq closed lower on Wednesday with a mixed performance from technology stocks, as investors waited for key earnings reports to gauge the health of a market rally fed by enthusiasm for artificial intelligence.

After months of gains that lifted the major indexes from their March lows, momentum has been wobbling with uneven trading in ‌heavyweight semiconductor stocks ⁠and weakness ⁠in software stocks.

The Philadelphia SE Semiconductor index ended higher, after bouncing off early losses. The index was angling for its third straight day of gains after three days ​of losses that had confirmed it was in a bear market last week.

Investors were preparing for second-quarter results from Alphabet and Tesla, the first of ​the so-called “Magnificent Seven” megacap companies to report after the bell for fresh evidence that these companies’ multibillion-dollar investments in AI are paying off.

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“Investors have become a lot more discerning and specific as to where they’re choosing to invest in the AI trade,” said Kevin Gordon, head of ​macro research and strategy at Charles Schwab. Gordon noted that software stocks fell while ⁠chip stocks ‌rose during the session.


Trading was choppy in Alphabet, which will be under scrutiny after a delay in the ​launch of a model ​central to its AI ambitions. Texas Instruments, also due to report after the close, ticked higher during ⁠the session.
According to preliminary data, the S&P 500 lost 10.72 points, or 0.14%, to ​end at 7,498.48 points, while the Nasdaq Composite lost 145.48 points, or 0.56%, to 25,691.72. The ​Dow Jones Industrial Average rose 1.52 points to 52,226.16.The crowded earnings calendar leaves markets vulnerable to sharper swings this week, while geopolitical tensions added another layer of caution.

Crude oil futures recorded their highest settlement since June 11, up around 3% on the day as Yemen’s Iran-backed Houthi militia threatened shipping in the Red Sea, one of the world’s most important energy chokepoints along with the Strait of Hormuz.

U.S. President Donald Trump vowed on Wednesday to destroy an Iranian bridge or power plant every time Iran shoots at a ship in the strait.

“Excluding ‌the megacap AI trade, there’s an element of what’s going on with oil that’s driving the market,” said Schwab’s Gordon, noting that high oil prices are fanning inflation worries. “People are being defensive with utilities, but with energy and ​materials being higher, ​that’s the inflation component.”

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The Federal Reserve is ⁠expected to keep interest rates steady for the rest of 2026, according to the median forecast in a Reuters poll of economists. Still, respondents said the risk of a rate hike remained elevated.

Traders are pricing in a roughly 66% chance the Fed leaves rates unchanged ​at next week’s meeting, CME Group’s FedWatch tool showed.

Shares in Super Micro Computer rallied sharply after the server maker said it had secured more than $60 billion in new orders in the fourth quarter. Peers Dell Technologies and Hewlett Packard Enterprise also climbed after Super Micro reported upbeat preliminary results.

Among other movers, AT&T advanced after the telecom firm added more wireless subscribers than expected in the second quarter. Philip Morris International shares rose after stronger cigarette demand helped the company beat quarterly results estimates.

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Target Website And App Down Now? Users Report Outage Friday Morning As Downdetector Tracks Rising Complaints

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Commonwealth Bank of Australia

Target customers began reporting problems accessing the retailer’s website and mobile app Friday morning, according to outage-tracking service Downdetector, in what appeared to be a developing disruption affecting the company’s digital shopping platforms.

Downdetector said user reports indicating problems with Target began climbing at 10:03 a.m. Eastern time. The tracking service posted about the rising number of reports on its official account on the social platform X, asking affected users to describe how the outage was impacting them and tagging the post with the hashtag “TargetDown.”

As of Friday morning, Target had not issued a detailed public statement addressing the scope, cause or expected resolution timeline for the reported disruption. Separate outage-monitoring services showed a mixed picture of the retailer’s status around the same period. One tracker, WebsiteDown, reported that its automated probe found Target’s website reachable and responding normally, while noting that any issues appeared to have already cleared by the time of its check. Another service, Outage.now, similarly indicated it had not detected any outages affecting Target over the preceding 24 hours as of Friday, though it remained unclear whether that data reflected conditions before or after the wave of reports Downdetector flagged at 10:03 a.m.

Target does not maintain a widely publicized, continuously updated public status page of its own for customer-facing outages, meaning shoppers and outside observers typically rely on Downdetector and similar third-party monitoring tools, along with the company’s official social media accounts, to gauge the scope of a disruption before Target issues any direct acknowledgment.

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Friday’s reported issue would not be the first time Target’s digital platforms have experienced problems. In December 2025, the retailer’s website and app suffered a significant outage that began generating elevated Downdetector reports shortly after 6 a.m. Eastern time and continued disrupting customers throughout the day, landing just days before Christmas during the peak holiday shopping period. At the time, a Target spokesperson acknowledged the issue directly in a statement, saying, “We’re aware of intermittent issues with our digital experience and a fix is underway,” while noting that the company’s physical stores remained open and ready for holiday shoppers. Target also posted updates to its official X account during that earlier incident, telling affected customers at one point that the company’s systems were “temporarily down” and advising them to try their transactions again within one to two hours.

Target’s digital and point-of-sale systems have experienced other significant disruptions in past years as well. In one earlier incident, the company experienced a global point-of-sale outage that left many stores able to accept only cash and gift cards, with checkout systems down for more than two hours on the first day and continuing to cause problems into a second consecutive day. Following that episode, Target confirmed the disruption was not connected to any data breach or security incident, telling customers that no guest information had been compromised, and attributing the outage instead to an internal technology issue without disclosing further specifics.

Target operates one of the largest e-commerce and retail platforms in the United States, with its website and app supporting product browsing, checkout, order tracking, and in-store pickup scheduling for millions of customers. According to monitoring services that track the retailer’s digital infrastructure, outages affecting Target’s online systems have historically tended to spike around high-traffic shopping periods, including the release of the company’s weekly promotional deals, Black Friday and Cyber Monday, when checkout systems face significantly elevated transaction volumes.

For customers experiencing ongoing issues Friday, standard troubleshooting guidance compiled by outage-tracking services recommended several basic steps, including forcing a full browser refresh, clearing browser cache and cookies, trying an alternate web browser, and disabling browser extensions that could potentially be interfering with the site’s normal functionality. Customers were also advised to check Target’s official social media accounts for any outage-related announcements and to contact the company’s customer support team directly through the app’s help section for issues specifically related to existing orders.

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Given the discrepancy between Downdetector’s report of rising complaints beginning at 10:03 a.m. and other monitoring tools showing no detected issues around the same general timeframe, the true scope and duration of Friday’s disruption remained difficult to independently confirm using publicly available tracking data alone. Some outage reports affecting large retailers can reflect brief, localized or quickly resolved technical issues that do not register clearly across every third-party monitoring service, particularly when a problem affects only a specific subset of site functionality, such as checkout or order tracking, rather than the platform as a whole.

This remains a developing situation, and additional details regarding the precise scope, underlying cause and resolution timeline of Friday’s reported Target outage were not immediately available. The company had not issued an official public acknowledgment of the disruption as of Friday morning, leaving affected customers largely reliant on Downdetector and Target’s own customer service channels to determine whether their individual access problems were part of a broader, platform-wide issue.

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Voters across Latin America push back against socialism

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Voters across Latin America push back against socialism

Latin Americans have had it with socialism.

Over the past decade, more than half of Latin America’s nations have voted socialists out. From large countries like Argentina to tiny ones like El Salvador, socialists have been replaced with conservative leaders who’ve made significant progress turning their economies around.

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That list could grow as Cuba and Nicaragua are on the cusp of collapse after their oil lifelines from Venezuela were cut following the arrest of Nicolás Maduro.

Argentine President Javier Milei.

Argentine President Javier Milei said in 2024 that, “We’re here to tell you that collectivist experiments are never the solution to the problems that afflict the citizens of the world. Rather, they are the root cause.” (Angelia Weiss/AFP via Getty Images)

NOW AMERICA REACHED A POLITICAL TIPPING POINT FOR SOCIALISM

The real incentive for dumping socialism is voter recognition that it just hasn’t worked. What is working are policies based on market solutions.

In Argentina, monthly inflation has tumbled from 25% to just 2%. Massive cuts in government have led to fiscal surpluses, and Moody’s upgraded their investment outlook to positive.

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DAVID ASMAN ON COVID-19 TIPPING OFF RISE IN SOCIALISM: ‘PERFECT STORM’

“We’re here to tell you that collectivist experiments are never the solution to the problems that afflict the citizens of the world. Rather, they are the root cause,” Argentine President Javier Milei said in a 2024 speech at the World Economic Forum in Davos, Switzerland.

Argentinian President Javier Milei

In Argentina, monthly inflation has tumbled from 25% to just 2%. (Fabrice Coffrini/AFP via Getty Images)

Following the ouster of a socialist government in Ecuador, economic conditions there improved, with the GDP rebounding 3.7% in 2025 and the nation returned to international bond markets this year.

LATIN AMERICA’S SOCIALIST EXPERIMENTS LEAVE DEVASTATING TRAIL OF ECONOMIC COLLAPSE AND POVERTY

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In Costa Rica, voters’ rejection of the ruling leftist party coincided with an estimated 20% relative decline in poverty from 2021 to 2024.

And those are just a few examples of the progress being made. Latin America has had many course changes over the years, and all this could turn around again. But probably not while memories of many socialist failures are so fresh and painful.

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Latin America’s growing rejection of socialism also coincided with Secretary of State Marco Rubio’s cancellation of 83% of USAID programs, which he claims were doing more harm than good.

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Marco Rubio talks to reporters

Secretary of State Marco Rubio announced the cancellation of 83% of USAID programs in March 2025. (Bill Clark/CQ-Roll Call, Inc via Getty Images)

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Lument Finance Trust, Inc. (LFT) Q2 2026 Earnings Call Transcript

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