The Kospi Index retreated by over 4% today, July 20, as concerns on the technology sector coincided with the ongoing US-Iran war. It slumped to 6,525 points, down substantially from the year-to-date high of 9,387. Still, despite this weakness, Barclays and UBS analysts believe that top semiconductor stocks have an upside. Barclays and UBS are
The Hang Seng Index jumped more than 2% on Monday, making it the best-performing major benchmark in Asia as investors bet on fresh Chinese stimulus following a string of weak economic data. The index climbed to 25,103, its highest level since June 5. Hang Seng Index jumps on stimulus hopes Hong Kong stocks continued rising,
Brent and the West Texas Intermediate (WTI) crude oil benchmarks jumped on Monday, reaching their highest levels since June 12 as the crisis in the Middle East escalated. Even so, Professor John Mearsheimer has warned that this rally could accelerate in the near term. John Mearsheimer warns on crude oil prices Mearsheimer, a distinguished professor
The FTSE 100 Index has held steady in the past few days, reaching its highest point since July 8. It has jumped by nearly 10% from its lowest point in March this year. This article highlights some of the top catalysts for the Footsie Index this week. FTSE 100 Index to react to US-Iran war
General Motors stock has retreated in recent days, falling from its year-to-date high of $87 in February to about $76 today. The pullback could continue in the near term after the stock formed a bearish double-top pattern ahead of its second-quarter earnings report. General Motors to publish earnings on July 21 GM stock will be
Intel, one of the best-performing stocks in the S&P 500 Index this year, has lost momentum in recent weeks. The stock has fallen 32% from its year-to-date high and is hovering near its lowest level since May. That weakness will face a crucial test later this week when the chipmaker reports its quarterly financial results.
ServiceNow stock has dropped and underperformed the market this year as demand for software companies waned. NOW has dropped by 32% this year and 46% in the last 12 months, erasing billions of dollars in value. Investors are now focusing on its earnings for more cues on how it is adapting to the artificial intelligence
MarketAxess stock has been in a steep decline this year and is now hovering near its lowest level in more than a decade. Shares were trading at $114.24 on Monday, down 81% from their all-time high, wiping out much of the company’s value as its market capitalization plunged from more than $21 billion to about
Crude oil prices continued rising on Hyperliquid as investors reacted to the ongoing escalation between the US and Iran. Brent jumped to $88.7, with its 24-hour volume soaring to $59 million. West Texas Intermediate (WTI), the US benchmark, rose to $83.62, with the volume rising to $111.2 million. Crude oil prices jump on US-Iran war
Tesla stock dropped to a crucial support level on Friday as traders waited for the upcoming earnings. It also retreated as Xpeng, a top Chinese rival, hinted that it was about to launch a new Model Y killer. TSLA dropped to $380, down by over 23% from its highest point this year. Xpeng hints of