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Tech Hangover Lingers as Micron Earnings Offer a Lifeline

Wall Street finished Wednesday on a split note, with investors still nursing wounds from a two-day chip-driven selloff while cautiously awaiting Micron Technology’s closely watched earnings report after the bell. The Dow Jones Industrial Average and S&P 500 managed slim gains, but the Nasdaq Composite slipped further as technology shares failed to fully recover from […]

Alphabet Set to Join Dow Jones Industrial Average as Verizon Exits Index (GOOG)

Alphabet (NASDAQ:GOOG) will replace Verizon (NYSE:VZ) in the Dow Jones Industrial Average, with the change scheduled to take effect on June 29, according to an announcement from S&P Dow Jones Indices. Investors responded positively to the news, with Alphabet shares rising 0.3% in premarket trading on Wednesday, while Verizon shares slipped 0.55%. Dow Updates Membership […]

SpaceX Extends Rebound as Analysts Highlight Potential Tesla Tie-Up (SPCX)

SpaceX (NASDAQ:SPCX) continued to recover in premarket trading on Wednesday after rebounding from losses that briefly pushed the stock below its post-IPO opening price. Shares closed Tuesday up 0.9% at $156.06 after falling as low as $147.11 during the session, below the stock’s June 12 opening price of $150. The shares advanced a further 1.2% […]

Prices of Nvidia’s Restricted AI Chips Surge on China’s Black Market Amid Export Crackdown (NVDA)

The cost of Nvidia’s (NASDAQ:NVDA) restricted artificial intelligence chips has risen sharply on China’s black market during the past six months as tighter U.S. enforcement measures make it increasingly difficult to move advanced hardware into the country, according to a report from the Financial Times. Black Market Prices Climb as Supply Tightens Citing interviews with […]

Markets Look for Stability After Tech Sell-Off as AI Focus Remains Front and Centre: Dow Jones, S&P, Nasdaq, Wall Street Futures

U.S. equity futures moved modestly higher on Wednesday, with investors attempting to regain confidence after a sharp decline in technology and semiconductor stocks. Market attention is increasingly turning to upcoming corporate results and developments in the artificial intelligence sector for guidance on future sentiment. At the same time, falling oil prices, easing geopolitical tensions and […]

Tech Selloff Drags Nasdaq and S&P 500 Lower as Rate Hike Fears Resurface

Wall Street closed sharply lower on Tuesday as a global technology selloff accelerated, sending the Nasdaq and S&P 500 to their steepest single-day drops in weeks. The catalyst was a combination of an unexpected note from Bank of America economists forecasting three Federal Reserve rate hikes before year-end and a steep overnight slide in Asian […]

Walmart Secures Nuclear Power Supply Deal With Constellation for Illinois Operations (WMT)

Retail Giant Signs Long-Term Agreement for Carbon-Free Electricity Constellation (NASDAQ:CEG) and Walmart (NYSE:WMT) have entered into a long-term power purchase agreement that will provide emissions-free electricity from Constellation’s Dresden Clean Energy Center in Illinois. The arrangement marks Walmart’s first agreement tied directly to nuclear energy and is believed to be one of the first long-term […]

Quantum Computing Stocks Rally After Trump Signs New Industry Support Measures

Federal Orders Renew Momentum Across the Quantum Sector Quantum-computing stocks moved higher in after-hours trading on Monday after U.S. President Donald Trump signed a series of executive orders designed to accelerate the development and adoption of quantum technologies in the United States. The announcements reignited investor enthusiasm for a sector that has already enjoyed significant […]

SpaceX Extends Decline as Valuation Concerns Weigh on Post-IPO Momentum

Shares Continue Falling After Sharp Selloff SpaceX (NASDAQ:SPCX) remained under pressure in premarket trading on Tuesday after suffering a steep 16.4% decline in the previous session, as investors reassessed the company’s valuation following its strong post-IPO rally. The stock ended Monday at $154.59, only slightly above its June 12 IPO opening price of $150. Since […]

Morgan Stanley Keeps Coca-Cola as Its Preferred Beverage Sector Pick

Strong Growth Outlook Supports Positive View Morgan Stanley has reaffirmed its bullish stance on Coca-Cola (NYSE:KO), maintaining the beverage giant as its top investment choice within the U.S. drinks sector. The bank cited a combination of strong near-term catalysts and durable long-term growth prospects that continue to distinguish the company from other consumer packaged goods […]

SpaceX Extends Decline as Tech Stocks Retreat and Investors Reassess AI Spending: Dow Jones, S&P, Nasdaq, Wall Street Futures

Technology Shares Weigh on U.S. Market Outlook Wall Street appeared headed for a weaker start on Tuesday as investors continued to rotate out of technology stocks amid concerns over persistent interest rate pressures and the enormous capital requirements associated with artificial intelligence infrastructure. Nasdaq futures led losses after another decline in SpaceX (NASDAQ:SPCX), while falling […]

Abitibi gold project shows strong results and growing market momentum

A junior exploration-stage gold company is steadily building momentum in one of Canada’s most storied mining jurisdictions, where infrastructure, geology, and familiarity with capital markets combine to create fertile ground for discoveries to transition into development stories. In Ontario’s Abitibi Greenstone Belt—long associated with prolific gold production—this emerging player is beginning to demonstrate scale, continuity, […]

Mixed Close as Nasdaq-100 Shakeup Weighs on Tech; Dow Edges Higher on Iran Optimism

Monday’s session ended on a split note for Wall Street, with the Dow Jones Industrial Average edging into positive territory while the S&P 500 and Nasdaq slipped under the weight of a high-profile index rebalancing and renewed pressure on mega-cap tech. The primary story of the day was the Nasdaq-100’s quarterly reshuffle, which forced massive […]

Wall Street Set for Higher Open as Progress in U.S.-Iran Talks Boosts Sentiment: Dow Jones, S&P, Nasdaq

U.S. stock futures pointed to a modestly positive start on Monday, with investors encouraged by reports of progress in diplomatic negotiations between the United States and Iran and by a continued decline in oil prices. The positive tone follows strong gains recorded during the previous trading session, although investors remain cautious as they await further […]

SpaceX’s Market Debut Ignites Investor Enthusiasm in First Week of Trading

SpaceX (NASDAQ:SPCX) delivered one of the most closely watched stock market debuts in recent history, with shares soaring during their first week of trading as investors rushed to gain exposure to Elon Musk’s space, connectivity and artificial intelligence business. Since pricing its initial public offering at $135 per share on June 12, the stock has […]

Robinhood Shares Fall After Announcing $2 Billion Convertible Notes Offering (HOOD)

Robinhood Markets (NASDAQ:HOOD) shares declined 4% on Monday after the online brokerage revealed plans to raise $2.0 billion through a private placement of convertible senior notes due in 2029. The market reaction reflected investor concerns about the potential for future shareholder dilution, despite the company positioning the transaction as a move to strengthen its financial […]

Amazon Prime Day Set to Generate Record Online Spending as Retailers Compete for Shoppers (AMZN)

Amazon.com Inc. (NASDAQ:AMZN) is preparing to launch its 12th annual Prime Day event on Tuesday, with industry forecasts pointing to a significant surge in online spending across the retail sector. According to Adobe Inc., the four-day promotion is expected to drive approximately $26.3 billion in online sales across Amazon and rival retailers, representing a 9% […]

SpaceX Shares Slide in Premarket Trading as Valuation Concerns Intensify

SpaceX (NASDAQ:SPCX) shares were down 4.6% in premarket trading after KeyBanc adopted a more cautious view on the stock, arguing that the company’s valuation has become increasingly demanding following its strong performance since listing. The decline reflects growing debate among investors over whether SpaceX’s long-term growth opportunities are sufficient to support its current market capitalisation […]

Jefferies Lowers Tesla Target and Highlights Potential SpaceX Tracking Stock Risk

Jefferies has reduced its price target on Tesla (NASDAQ:TSLA) to $375 and identified what it sees as an emerging structural risk for shareholders: the possibility that expectations surrounding a future combination with SpaceX (NASDAQ:SPCX) could cause Tesla shares to increasingly trade as a proxy for SpaceX. The brokerage argues that growing investor belief in a […]

Airlines Poised to Benefit from Lower Fuel Costs, but Cheaper Tickets May Be Slow to Arrive

Airlines could see a substantial reduction in fuel expenses following the decline in oil prices triggered by the interim peace agreement between the United States and Iran. However, passengers should not expect ticket prices to fall immediately, as constrained capacity may allow carriers to retain much of the recent fare increases. The situation is particularly […]