London’s benchmark equity indexes traded lower on Friday as weakness in commodity-linked stocks and continued uncertainty surrounding artificial intelligence-related shares weighed on investor sentiment. Declining crude oil and metal prices further pressured the market, while investors also remained focused on inflation risks and the outlook for UK interest rates. Commodity stocks lead market decline The
Michael Saylor’s STRC stock has made headlines this week as its implosion gained momentum amid the ongoing crypto market weakness. The Variable Rate Series A Perpetual Stretch Preferred Stock plunged from the par level of $100 to a record low of $72.60. Sadly, it is not the only crypto-related preferred stock that is imploding this
Shares of Rocket Lab (NASDAQ: RKLB) climbed in premarket trading after the space company announced that NASA had selected its Electron launch vehicle for two Earth and solar science missions. The missions, known as Polarized Submillimeter Ice-cloud Radiometer Satellite (PolSIR) and Total and Spectral Solar Irradiance Sensor-2 (TSIS-2), will launch from Rocket Lab’s Launch Complex
The Vanguard S&P 500 ETF (VOO) stock has pulled back in the past seven consecutive days and is hovering at its lowest level since June 11. There is a risk that the recent stock market rally is about to take a breather. S&P 500 Index has fallen despite some major good news The S&P 500
US stocks opened lower on Friday as investors continued to rotate out of technology stocks, with chipmakers facing renewed selling pressure despite strong recent earnings and upbeat demand forecasts. The Dow Jones Industrial Average was down 207 points points while the Nasdaq Composite dropped 0.95%. The S&P 500 declined 0.61%. The latest weakness comes after
Micron Technology’s MU shares fell sharply on Friday, giving up part of the gains recorded earlier in the week despite the memory chipmaker reporting stronger-than-expected quarterly results. The stock declined nearly 5% in premarket trading as weakness spread across the broader semiconductor sector. Other US chipmakers also traded lower, with Intel down just over 3%,
Jito (JTO) extended its recent rally after recording another strong trading session, with the token climbing nearly 12% in 24 hours to trade around $0.76. The move pushed JTO close to the top of its daily range of $0.6436 to $0.771 while lifting its monthly gain to more than 45%. The latest rally stands out
Western Digital stock has embarked on a major bull run this year, reaching its highest point on record on June 18. It has soared by 264% this year and 960% in the last 12 months, bringing its market capitalization to over $221 billion. While this rally may continue after the Micron earnings, WDC faces some
US stocks opened higher on Thursday, led by gains in technology shares as strong earnings updates from Micron Technology and Qualcomm reignited optimism around artificial intelligence demand. The Dow Jones Industrial Average was up 270 points or 0.52%. The S&P 500 and the Nasdaq Composite climbed 0.60%. Micron surged 19% in trading after reporting fiscal
Cathie Wood’s Ark Innovation Fund (ARKK) ETF stock has remained inside a narrow range in the past few months. ARKK has remained between the support and resistance levels at $72.68 and $82.35 since April. It has risen by 9% in the last 12 months, while the Nasdaq 100 Index has soared by 28%. ARKK has