Oil prices fell as US President Donald Trump signalled a pause in potential strikes against Iran before next month’s midterm elections, easing concerns about supply disruptions. Treasury yields remained elevated after a volatile week, while gold held above $4,100 an ounce ahead of key US inflation data. Meanwhile, Apple shares fell after a report said
US stocks rose on Friday as technology shares rebounded from a sell-off earlier in the week, helping Wall Street recover amid elevated Treasury yields, volatile oil prices, and concerns about artificial intelligence valuations. The Dow Jones Industrial Average gained 423 points, while investors looked ahead to third-quarter earnings and upcoming inflation data. The Dow rose
SoundHound stock has plunged to its lowest level since November 2024 as investors continue betting against the voice AI company. It slumped to a low of $5.38 on Friday, down by nearly 80% from its all-time high, a sign that Nvidia’s investment has flopped. Investors are aggressively betting against SoundHound stock SOUN stock has plunged
AT&T stock plunged by over 7% in the premarket session as investors dumped most telecommunications companies after SpaceX announced an agreement to purchase spectrum in the United States. It tumbled to $23, down by 13.3% from its highest point in September this year. Other top telecommunications stocks have also tumbled. Verizon stock dropped by 5.1%,
Shares of Lumentum Holdings LITE rose 6% in pre-market trading on Friday after Chief Executive Officer Michael Hurlston said demand for the company’s optical components had exceeded available supply, with orders booked through early 2029. The company is struggling to keep pace with demand from technology firms expanding artificial intelligence data centres. Hurlston told Bloomberg
US stocks opened higher on Friday as oil prices retreated following easing concerns about further escalation in the Middle East, while investors assessed the outlook for artificial intelligence stocks and the impact of SpaceX’s latest spectrum deal on telecom companies. The Nasdaq Composite gained 172 points while the S&P 500 was up 0.35%. Dow Jones
GE Aerospace stock has tumbled into a bear market and is about to form a death cross pattern as investors continue selling amid rising valuation concerns. It dropped to $303 this week, its lowest level since May this year, and 22% below its all-time high. GE Aerospace stock is about to form a death cross
US stocks opened lower on Thursday as a renewed rise in oil prices and Treasury yields weighed on risk appetite, with investors turning their attention towards the upcoming earnings season for signs that corporate profits can support equity valuations. The Dow Jones Industrial Average fell 127 points, while the S&P 500 declined 0.28% and the
AGNC Investment stock has sold off sharply in the past few weeks, and this retreat may continue after it formed the highly bearish double-top pattern. It has slipped for eight consecutive weeks, reaching its lowest level since September 29. It remains down by 23.4% from its highest point this year, bringing its yield to 17%.
Western Digital stock has slumped and moved into a bear market, mirroring the performance of other top companies in the memory industry. WDX was trading at $410, down by 50% from its all-time high, with the market capitalization falling from $258 billion to the current $148 billion. The ongoing sell-off has coincided with the sell-off