NASDAQ:SOHU

Finance·Gaming·NASDAQ:SOHU·News·Technology

Sohu Gains as Traders Watch Cash and Buybacks; China Gaming Cools

Sohu shares rose 0.8% to $13.93 on Nasdaq Tuesday afternoon, trading on light volume and no new filings since May 18. Investors weighed the company’s $1.2 billion cash position and ongoing buybacks against softer Q2 guidance, which forecasts a net loss of $15–$25 million.

June 2, 2026

ASX 200 set to rise as Wall Street gains led by tech surge
June 2, 2026, 3:49 PM EDT. Australian shares poised for a positive open with ASX 200 futures up 0.2%, tracking Wall Street's gains. The S&P 500 is up 0.1%, extending a nine-day winning streak, its longest since May 2025. Tech stocks led Wall Street's rally; Marvell Technology surged 30% after Nvidia's endorsement, while Hewlett Packard Enterprise gained 17%. Meanwhile, Palantir and Salesforce fell by at least 5%. Bitcoin dropped 6% below $68,000. Key economic data includes Australia's Q1 GDP report due at 11:30am AEST. The 10-year U.S. Treasury yield stands at 4.45%, Australian at 4.88%. Oil and iron ore prices rose modestly. Market watchers eye continuing volatility amid strong tech performances and upcoming economic indicators.