TECHNOLOGY (XLK)

U.S. stocks dipped Friday as Trump weighed action on Iran. S&P 500 fell 0.4%, Bitcoin dropped below $103K, and defensive stocks outperformed.

As broader U.S. equity funds suffered their largest weekly outflow of $18.43 billion since March this week, sector ETFs quietly shined.

Accenture said that all of the company’s core services – strategy, consulting, marketing, design, technology, and operations – will now be combined into one unit dubbed ‘reinvention services.’

As per the law, TikTok is required to sell its U.S. operations to a local company.

The company said its seven factories will span three manufacturing mega-sites and manufacture “hundreds of millions” of U.S.-made chips daily, while creating over 60,000 new U.S. jobs.

That brings Apple closer to launching AI functionality on its iPhone and other devices in China.

Morgan Stanley’s James Faucette expects the company to raise the bottom end of its 2025 revenue guidance by 100 basis points, layering in longer-duration managed services contracts.

Investors embraced a risk-on mood Monday, showing optimism that Iran might seek a diplomatic solution to the crisis despite continued hostilities with Israel.

Analysts said the Helios rack will play a key role in driving growth for AMD’s Instinct GPUs, which power AI and high-performance computing workloads, and could accelerate the company’s broader recovery.

May retail sales expected to show sharp decline, raising concerns about consumer spending amid tariff headlines and economic uncertainty.

Markets cheered Monday after Iran signaled it wants to de-escalate tensions with Israel and return to negotiations, easing geopolitical jitters that had rattled investors and sent oil prices surging last week.

Energy ETFs post strongest inflows since 2024 as Middle East tensions push oil higher. XLE logs $470M weekly influx.

After the steep China levies imposed by the Trump administration, Apple quickly shifted some of its iPhone assembly to India.

Contrary to what your action-seeking gut is telling you, simpler is better, and trading less produces more net gains.

A Reuters report stated that between March and May 2025, nearly 97% of iPhones assembled by Apple's primary supplier in India, Foxconn, were shipped to the U.S.

The company plans to keep $150 billion for manufacturing and $50 billion for R&D.

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