Brent crude oil price retreated for the fourth consecutive day as tensions in the Middle East cooled following President Donald Trump’s intervention. It dropped to $93.50, down sharply from the year-to-date high of $120. Still, all signs show that the price will rebound in the coming days and weeks. Brent crude oil price falls as
South Korea’s Kospi Index rose by over 4% on Tuesday, mirroring the resurgence of the US equities market. It rose to KRW 7,814, a few points above the Monday’s low of KRW 7,435 as technology stocks jumped and crude oil prices retreated. South Korean stocks jump as technology companies rose The Kospi Index suffered a
Cardano (ADA) price has crashed deeper than other altcoins this year, and is now hovering near its all-time low. It was trading at $0.1660 on Tuesday, down sharply from the record high of $3. This retreat has erased over $84 billion in value as the market cap has dropped from over $90 billion to $6
Intuit stock price has crashed this year and is now hovering at its lowest level since September 2020. INTU has plunged 62% from its July last year high, making it the top laggard in the Nasdaq 100 Index this year. Its market cap has slumped from over $215 billion to $83 billion today. Intuit stock
Rocket Lab (NASDAQ: RKLB) stock has slipped into a local bear market after falling by 25% from its highest point this year. It was trading at $113.65, with its market capitalization falling from over $86.8 billion to $65 billion. So, will this crash continue further or rebound? Why Rocket Lab and other space stocks have
The S&P 500 Index has pulled back in the past few days, moving from the year-to-date high of $7,618 to $7,400. This retreat has happened amid profit-taking among investors and as US bond yields jumped following last week’s strong jobs numbers. Still, there is a likelihood that the index and its ETFs like, VOO, SPY,
Astera Labs stock price has gone parabolic in the past few months, mirroring the performance of the semiconductor industry. ALAB jumped to $346 on Monday, up by 253% from its lowest point this year, with its valuation jumping from $16.6 billion in April to $60 billion today. Still, the company faces some major risks, with
The Nikkei 225 Index slumped by nearly 4% today, June 8, as the recent rally took a breather. It retreated to ¥64,000, down from the year-to-date high of ¥68,670. This retreat was a reaction to the latest GDP data, global stock market retreat, and the continued US-Iran quagmire. Top reasons behind the Japanese stock market
A crypto market rally is underway today despite the ongoing retreat in global equities, with Japan’s Nikkei 225, German’s DAX, Hong Kong’s Hang Seng, China’s Shanghai Composite, and Australia’s ASX 200 falling by over 0.80%. Bitcoin (BTC) jumped to $63,000 from the weekend low of $59,000. The top gainers in the crypto market were Audiera,
The Hang Seng Index retreated by over 1.18% on Monday, continuing a sell-off that started on May 14, when it peaked at H$26,856. It retreated to a low of H$24,466, its lowest level since March 30th this year. Hong Kong stocks retreat as global rout in tech shares continue The blue-chip Hang Seng Index retreated