US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in energy costs. Data released by the Bureau of Labor Statistics on Wednesday showed the producer price index (PPI), which measures prices received by producers for
US stocks opened higher on Wednesday after investors responded to another softer-than-expected inflation report and a fresh round of corporate earnings. Chip stocks fell even after upbeat guidance from ASML. The Dow Jones Industrial Average added roughly 148 points, or 0.28%. The S&P 500 rose 0.47%, while the Nasdaq Composite gained about 0.67%. The gains
The gold market regained momentum on Wednesday after weaker-than-expected US wholesale inflation data boosted investor sentiment and eased expectations of aggressive US monetary policy tightening. Gold prices rebounded from earlier losses and traded around $4,070 per ounce following the inflation report. Data released by the US Labour Department showed the Producer Price Index (PPI) fell
The Roundhill Memory ETF (DRAM) slumped by over 8% in the pre-market session as the volatility in the industry escalated. It dropped to $937, down by 25% from its highest point this year. SK Hynix stock crashed in South Korea DRAM ETF is a relatively new fund that was launched in April to give investors
The Philadelphia Stock Exchange Semiconductor Index (SOX) is exhibiting “severe” technical turbulence, signaling a potential drawdown of up to 17%, according to investment bank BTIG. While the group maintains a staggering year-to-date advance exceeding 80%, recent session-to-session churning indicates that institutional exhaustion may be setting in. As momentum shifts from structural tailwinds to tactical vulnerability
Chainlink has returned to the spotlight after landing one of its most notable real-world integrations this year. The decentralised oracle network is now powering Robinhood’s tokenised stock offering, adding another high-profile use case to its growing ecosystem. Even so, LINK token has struggled to translate that momentum into a sustained price rally, leaving traders closely
Wall Street’s main indexes opened lower on Monday as renewed tensions between the United States and Iran pushed oil prices higher, while a broad selloff in semiconductor stocks added to pressure ahead of a busy week of corporate earnings and economic data. Dow Jones Industrial Average bucked the trend and opened higher by about 122
GE Aerospace stock has rallied strongly over the past year, gaining about 43% as robust demand for commercial aviation and sustained defense spending in the United States and other key markets continued to support growth. The stock was trading at around $359 in pre-market trading, with investors awaiting the company’s earnings report for fresh insight
UnitedHealth Group stock has been in a strong rally this year as investors cheered its turnaround efforts and the Trump administration’s decision to boost Medicare Advantage payments by a larger-than-expected rate. UNH jumped and peaked at $434 last week, up by 66% from its lowest point this year. This surge mirrored that of other health
Apple Inc. is emerging as an unlikely winner from Wall Street’s growing scepticism over artificial intelligence spending, with investors increasingly rotating into the iPhone maker as chipmakers and cloud-computing companies face mounting pressure. The stock has rebounded sharply after disappointing investors with its latest AI announcements, adding nearly $600 billion in market value since bottoming