The Dow Jones, Nasdaq 100, and S&P 500 indices have moved sideways in the past few weeks as the recent momentum stalled. The S&P 500 Index is stuck at $6,000, its highest point since February 24, and 24% above its lowest point this year. Similarly, the Nasdaq 100 Index has moved…
The iShares Silver Trust (SLV) had its best week this year as the year-to-date inflows jumped to a record high and its price surged to a 13-year high. The ETF jumped to $33, up by 25% from its lowest point this year. SLV ETF inflows are soaringThe SLV ETF, which tracks…
US stocks rallied on Friday after stronger-than-expected labor market data helped ease fears of an imminent economic slowdown.The Dow Jones Industrial Average surged 373 points, or 0.9%, while the S&P 500 gained 0.9%, briefly touching the 6,000 level for the first time since late February. The Nasdaq Composite outperformed with…
Goldman Sachs lowered the price target on Elon Musk’s Tesla, citing falling sales all over the world, coupled with souring consumer sentiment.The brokerage firm maintained its neutral rating on Tesla and lowered the target price to $285. This indicates a 0.10% upside from Thursday’s closing price. Goldman Sachs’ price target is also…
Tesla Inc (NASDAQ: TSLA) was hit hard Thursday after President Donald Trump signalled plans to terminate Elon Musk’s federal contracts and subsidies in retaliation for his derogatory remarks against the “One Big Beautiful Bill Act”.And while Trump has already confirmed that he’s not interested in a call with Musk –…
XRP is facing renewed pressure as the cryptocurrency continues to trade within a persistent downtrend, despite momentary support from large investors. At the time of writing, XRP is priced at $2.18, having dropped 0.84% in the last 24 hours.Source: CoinMarketCapWhile some traders hoped the altcoin had reached a bottom, its…
Lululemon Athletica Inc (NASDAQ: LULU) opened some 30% down on Friday after reporting in-line financials for its fiscal Q1 but leaving investors unsatisfied with the forward guidance.LULU shares are being punished this morning as the market digests clear signs of slowing growth, especially in its key North American market.While macro…
New York-based cryptocurrency exchange Gemini is preparing to go public, signalling renewed confidence in the digital asset market.This announcement follows the recent breakthrough success of Circle, the stablecoin issuer, whose shares surged on their debut on the New York Stock Exchange.Gemini Space Station, Inc., the corporate entity behind Gemini crypto…
LionTrust fund manager, Storm Uru says some of the most compelling opportunities for investors in search of durable growth amidst persistent macro uncertainty may be in the private equity space.According to Storm Uru, recent pullback in private equity stocks like Blackstone Inc (NYSE: BX) and Apollo Global Management (NYSE: APO)…
In a surprise move, the Reserve Bank of India slashed policy rates beyond market expectations and shifted its policy stance from accommodative to neutral. ING Group suggests the RBI’s current action indicates a likely pause in policy adjustments. However, the possibility of future easing remains open, contingent on potential declines in…