SpaceX stock (NASDAQ: SPCX) briefly looked unstoppable after the world’s largest initial public offering, but almost all the early excitement has now disappeared.Shares closed Tuesday at $136.08, only $1.08, or 0.8%, above the $135 offering price. The stock has fallen almost 40% from its June 16 intraday peak of $225.64,…
Global investor sentiment reached its highest level since February, according to Bank of America’s latest Global Fund Manager Survey.Fund managers turned more optimistic on the economic outlook, AI spending and the prospect of a more dovish US Federal Reserve.The survey found that investor confidence improved as respondents expressed greater optimism…
US consumer prices recorded their biggest monthly decline in more than six years in June as a sharp drop in energy prices provided temporary relief from this year’s inflation pressures.The Consumer Price Index for All Urban Consumers (CPI-U) fell 0.4% on a seasonally adjusted basis in June after rising 0.5%…
Figma stock has staged a modest comeback in the past few days, moving from a record low of $16.80 to the current $23.65. This rebound may continue in the coming weeks after the stock formed a double-bottom pattern and as its earnings report looms. Figma stock technical analysis points to more…
Oracle stock continued its strong freefall this week, reaching its lowest level since April last year. ORCL has slumped by over 62% from its all-time high, with Larry Ellison’s net worth plunging by $60 billion this year to $187 billion. It has become one of the top laggards in the…
The New York Times’ stock has pulled back into a local correction, retreating from its year-to-date high of $87.18 to $75.The decline follows profit-taking after Berkshire Hathaway disclosed its stake in the company back in February. Even so, the underlying business remains strong, and that strength points to a likely…
Palantir stock is having a rough year as investors rotate out of software names and into memory plays like Sandisk and Micron. PLTR has fallen 36% from its all-time high last year, but despite the pullback, the company still has notable catalysts that should support stronger performance over the long…
Nvidia stock continued its recovery today, reaching its highest point since June 22 and up 10% from its low in June. This rebound may continue as the stock forms a falling wedge pattern and its revenue and profit growth accelerate.Nvidia stock has become a bargain, which may lead to more…
CrowdStrike stock continued its recent rally today, July 14, and is slowly nearing its all-time high of $209.55. It has jumped by 80% in the last six months, bringing its valuation to over $212 billion. CRWD and other top cybersecurity companies like Fortinet, SentinelOne, and Palo Alto Networks have also soared.…
The Hang Seng Index jumped to its highest level since June 15, even after China published a weak macro report. It soared to 24,692, up by 9.7% from its lowest level this year, with healthcare and biotechnology-related stocks being the biggest gainers.Hang Seng jumps after weak China macro dataHong Kong…