Shares of technology companies fell as Elon Musk's latest feud with President Donald Trump weighed on Tesla shares.
Shares of the electric car maker slid by almost 7% after Musk vowed to field candidates for a new party in the upcoming mid-term elections, stoking fears of reprisal and distraction.
The PHLX SOXX Semiconductor index, which is particularly sensitive to shifts in U.S. trade policy, fell by almost 2%, amid fears that the semiconductor industry would be disrupted by renewed trade tensions.
Artificial-intelligence firm CoreWeave agreed to buy data-center technology firm Core Scientific for about $9 billion in stock.
Business software maker Oracle is cutting the cost of its database software and cloud-computing service for the federal government, making it the latest tech giant to offer the Trump administration a significant discount.
Hundreds of millions of dollars of claims in the bankruptcy case of bitcoin exchange FTX are at risk of being held up or potentially not being paid because the account holders live in China, Afghanistan or 47 other areas that restrict cryptocurrency activity.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-07-25 1726ET
