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PHLX chip index

James Bodner, center, and others work on the floor at the New York Stock Exchange in New York, Wednesday, Oct. 1, 2025. (AP Photo/Seth Wenig)
Jun 26, 2026

S&P 500 ends lower; chips tumble and Moderna rallies

The S&P 500 closed slightly lower with a sharp drop in AI-related chip stocks and a nearly 13% rally in Moderna after its investor event.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026. REUTERS/Brendan McDermid/File Photo
May 7, 2026

S&P 500 ends down as chip stocks give up gains

The S&P 500 closed down as chip stocks like Intel and Arm Holdings gave up gains amid U.S.-Iran peace talks uncertainty and mixed earnings reports.

Traders work on the floor of the NYSE in New York
May 6, 2026

S&P 500 and Nasdaq notch records; AMD results spark AI stock rally

The S&P 500 and Nasdaq reached record highs, driven by strong earnings from Advanced Micro Devices and optimism over a Middle East conflict resolution.

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