US stocks opened higher on Thursday as investors looked to recover from the previous session’s selloff, with optimism surrounding a temporary US-Iran peace agreement helping offset concerns about a more hawkish Federal Reserve under new Chair Kevin Warsh. The Dow Jones Industrial Average rose about 349 points, or 0.68%, while the S&P 500 gained 1.03%.
SpaceX stock (SPCX) fell sharply on Thursday, extending a pullback that has emerged after the stock’s explosive rally following its record-breaking initial public offering last week. Shares of Elon Musk’s space and artificial intelligence company dropped 5% in early trading as investors took profits after a rapid ascent that briefly made SpaceX one of the
BitMine stock price has crashed this year as Tom Lee’s Ethereum bet backfires. BMNR dropped to $15.70 on Wednesday, down substantially from last year’s high of $160. This retreat may continue as Cathie Wood pares back her holdings and as the Ethereum price remains under pressure. BitMine stock has slipped amid soaring unrealized losses Tom
Shares of Marvell Technology climbed on Thursday after the semiconductor company received a major price target increase from KeyBanc Capital Markets and announced a milestone shipment of photonic chips used in artificial intelligence data centers. MRVL shares rose 8% in trading after KeyBanc raised its price target on the stock by 48% to $385 from
International Business Machines (NYSE: IBM) stock price retreated sharply today, June 18, continuing a downward trend that started on June 2nd this year. It plunged to $245.8, down by 26% from its highest point this month. IBM stock slumps after Accenture’s weak earnings IBM shares were in the red today, after Accenture, a top global
Circle shares surged in premarket trading on Friday after the stablecoin issuer announced it had received final regulatory approval from the US OCC to establish a national trust bank. At the time of writing, Circle shares were up 13.33% in premarket trading. The regulatory approval allows the company to act as custodian for its own
London’s FTSE 100 edged higher on Friday, supported by strong gains in Vodafone and easyJet following major corporate developments. However, renewed tensions in the Middle East continued to weigh on investor sentiment, limiting broader market gains. The blue-chip FTSE 100 index rose 0.08% to 10,480.31 points by 1053 GMT. Meanwhile, the mid-cap FTSE 250 gained
SK Hynix’s blockbuster US listing is already spawning a new wave of leveraged investment products, with several exchange-traded fund issuers preparing to launch products tied to the South Korean memory-chip maker’s American depositary receipts (ADRs), a move that analysts say could increase volatility in one of the world’s hottest AI stocks. According to a Bloomberg
Netflix Inc. shares NFLX edged higher ahead of Friday’s opening bell after a report said the streaming giant is exploring live TV channels and streaming bundles as it looks to boost subscriber engagement. The stock rose in premarket trading after initially moving lower on the news. Netflix has lost more than 39% over the past
Shares of Micron MU, SanDisk and other semiconductor companies edged lower during premarket trading on Friday ahead of the much-awaited Wall Street debut of SK Hynix through its American depositary receipts (ADRs). The South Korean memory chipmaker and Nvidia supplier has raised $26.5 billion through its US share offering, making it the largest-ever US listing