MarketWatch provides a comprehensive overview of the S&P 500 Index, covering the latest stock market news, trading data, and market movement analysis, with stocks categorized by sector and industry to help investors understand performance trends and market capitalization strength.
00:00All right, now let's break it down what's happening in the U.S. stock market.
00:04And for every standard and poor five index stocks is categorized by sectors and industry.
00:09And every size represents the market cap over here.
00:11We're going to start from one of the biggest sectors within the technology sector.
00:15It's under the software and infrastructure. It's Microsoft.
00:17Microsoft is up by 1.39%.
00:20Its Oracle is also up by 0.56%.
00:24And we can see almost all the companies within the sector market of technology is facing an increase within the performance.
00:34Also, we have also a semiconductor.
00:37Semiconductor, we're going to start with Microsoft.
00:39Before we go to semiconductor updates, we're going to go with the Microsoft updates.
00:43We've saved more than 500 million in its call centers alone last year by using artificial intelligence.
00:50Bloomberg News reported on Wednesday.
00:51The tech giant last week announced plans to lay off nearly 4% of its workforce as it looks to win in costs amid hefty investments in AI infrastructure.
01:02In May, the company had announced layoffs affecting around 6,000 workers.
01:06AI tools were helping improve productivity in segments from sales and customer service to software engineering.
01:14And the company has begun using AI to handle interactions with smaller customers.
01:19Microsoft's chief commercial officer, Judson Althoff, said during a presentation this week, according to the Bloomberg News report.
01:28The nascent effort was already generating tens of millions of dollars, the report said, citing a person familiar with his comments.
01:36AI generated 35% of the code for new products, accelerating launch times, Althoff said, according to the report.
01:44And we're going to say Microsoft is 1.39% and NVIDIA is one of the biggest companies within the semiconductor industry is up by 1.80%.
01:56Not only NVIDIA following its lead, we can also, another company from Broadcom Incorporation also following NVIDIA performance as of the morning with a double increase to 2.24%.
02:08And we also have the Intel for as of this morning is the opposite growth between NVIDIA and Broadcom is down by 0.64%.
02:17And that is some of the updates within the semiconductor industry within S&P 500.
02:22And next, we're going to move on to Apple.
02:24Apple is also up by 0.54% and Amazon also 1.45% and for Google and Meta.
02:34Meta is 1.68% as of this morning and also an increase from Google is 1.30%.
02:42And the recent update on Google is OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet's market, dominating Google Chrome.
02:52Three people familiar with the meta told Reuters.
02:56The browser is slated to launch in the coming weeks.
02:58Three of the people said and aims to use artificial intelligence to fundamentally change how consumers browse the web.
03:05It will give OpenAI more direct access to a cornerstone of Google's success user data.
03:11If adopted by the 500 million weekly active users of ChatGBT, OpenAI's browser could put pressure on a key component of rival Google's ad, Money Spigot.
03:22Chrome is an important pillar of Alphabet's ad business, which makes up nearly three-quarters of its revenue as Chrome provides user information to help Alphabet target ads more effectively and profitably
03:36and also gives Google a way to route search traffic to its own engine by default.
03:41OpenAI's browser is designed to keep some user interactions within a ChatGBT-like native chat interface instead of clicking through the website, two of the sources said.
03:51And next, we're going to move forward.
03:53The next update is Tesla, auto manufacturing company is under Elon Musk.
04:00Buyers of this morning is down by 0.65%.
04:04And the latest update on Tesla, a group of 27 major Tesla shareholders urged the Electric Automakers Board on Wednesdays to set a date for its annual shareholder meeting this year, citing legal obligations and growing governance concerns.
04:19Tesla is close to missing a legal deadline and has not announced this year's meeting, the group consisting of U.S. state treasurers, pension funds and governance experts, said in a letter.
04:31Tesla's ongoing silence on the AGM is cause for concern, they said against the backdrop of mounting scrutiny of over-CEO Elon Musk's political ambitions and the automaker's falling sales and stock price.
04:45The company did not immediately respond to a request for comment.
04:48Investors' confidence has taken a hit after Musk's public feud with President Donald Trump and the ending of EV tax credits meant to boost sales of green vehicles.
04:57Tesla shares are down 27% so far this year.
05:01And under Texas law, shareholders can move a court to require the company to hold its annual meeting if it has not done so within 13 months of the previous one.
05:11And this is the overview of the S&P 500 Index.
05:15As you see, it's covering the latest market trends, stock market news, trading data and markets movement, analyze the stocks categorized.
05:25And this is, as you can see, we can see this is the latest updates and which to help investors understand performance trends and market capitalization trend.
05:35And stay tuned with Niaga Awani as we will bring more update from Monday to Friday.
05:40And next, we'll bring you the World Economic Forens updates.
Be the first to comment