ON Semiconductor Corporation (ON)

The Russell 2000 index fell as large-cap stocks hit record highs, highlighting a divergence driven by economic factors and investor focus on technology. Small-cap stocks remain sensitive to interest rate changes.

A sharp fall in IT stocks has put the sector under pressure ahead of the June-quarter earnings season. This and more in today’s ETtech Top 5.

The two companies signed new multi-year agreements for Broadcom to develop and supply custom ASIC chips across multiple generations of Apple products

The Nasdaq Composite reached a record high, driven by a rebound in AI-related stocks post-Independence Day, amid strong sales reports and upcoming earnings in the semiconductor sector.

The Dow Jones Industrial Average reached a record high, driven by a rebound in technology stocks and positive economic data, despite recent volatility in AI-related shares.