The S&P 500 Index remains under pressure this month, and this week’s events will determine whether it will bounce back. It was trading at 7,457 points, down by 2.10% from its highest point this year. This article highlights some of the key catalysts that will drive the SPX and VOO ETFs this week. S&P 500
The Nikkei 225 Index slumped by over 5% today, July 17, as the rout in Asian technology companies accelerated. It has now moved into a technical correction after falling by 12% from its highest point this year. While most companies dropped, the biggest losers were tech firms like Tokyo Electron, Advantest, and Kioxia. Kioxia stock
The FTSE 100 Index has remained in a narrow range this week as traders reacted to the rising tensions between the US and Iran. It also wavered as the United States earnings season started, with big names like JPMorgan, Goldman Sachs, and Netflix releasing their earnings. This article looks at some of the top Footsie
Burberry Group share price slipped by over 3% today as the luxury goods company published a strong trading statement that came out short of expectations. It slipped to 1,052p, inside the range in which it has been stuck at in the past few days. Burberry Group shares drop after earnings Luxury goods companies are doing
Amazon stock has struggled to keep pace with the broader market this year as investor sentiment toward hyperscalers has cooled. AMZN is up about 8% year to date and just 10% over the past 12 months, lagging many large-cap peers. However, the stock could regain momentum later this year if investors rotate back into hyperscalers
Top neocloud stocks are in a freefall, erasing billions of dollars in value as concerns about AI spending emerge. IREN stock dropped to $33.61, its lowest level since April 7, and 52% below its highest point this year. Its valuation has fallen from $24 billion to $12.4 billion. CoreWeave, the biggest player in the industry,
Bloom Energy stock is moving from bad to worse as it crashed to $206, its lowest level since April last year. BE has slumped by over 40% from its all-time high as concerns about its valuation and the data center industry remained. This retreat has seen its market capitalization fall from $98.7 billion to $58
Kioxia’s stock price has plunged since reaching a record high in late June, falling from ¥112,750 to ¥63,100 today. The shares have dropped to their lowest level since May 29, mirroring the broader selloff across memory-chip stocks while significantly underperforming the Nikkei 225 Index. Kioxia stock drops despite the memory boom Top memory stocks have
GE Aerospace stock fell more than 4% in premarket trading even after the company reported strong quarterly earnings. The shares dropped to $344.70, leaving them about 10% below their highest level of the year. So, is this post-earnings sell-off likely to deepen, or does it present a buying opportunity ahead of a rebound? GE Aerospace
Dell Technologies stock has moved sideways since May, when it peaked at a record high of $469.60. It retreated to $412 as investors remained jittery about the AI sector and its hefty valuation metrics. Still, despite the pullback, it remains 274% above its lowest point this year. Dell stock has benefited from the AI boom