UK retail sales weakened further in June, with volumes falling at a sharper pace and sales performing below seasonal norms to the greatest extent in more than two years, according to the latest CBI Distributive Trades Survey.The survey showed that retailers judged sales for the time of year to be…
The S&P 500 Index has surged more than 21% over the past 12 months and is up 7% year to date, adding trillions of dollars in market value. The rally has been fueled by the ongoing artificial intelligence boom, which has driven corporate earnings growth to multi-year highs.Top software stocks…
Western Digital stock has embarked on a major bull run this year, reaching its highest point on record on June 18. It has soared by 264% this year and 960% in the last 12 months, bringing its market capitalization to over $221 billion. While this rally may continue after the…
Cathie Wood’s Ark Innovation Fund (ARKK) ETF stock has remained inside a narrow range in the past few months. ARKK has remained between the support and resistance levels at $72.68 and $82.35 since April. It has risen by 9% in the last 12 months, while the Nasdaq 100 Index has…
The Kospi Index tumbled by over 9% today, June 26, erasing most of the gains made earlier during the week. It retreated to 8,275, lower than the year-to-date high of 9,387. This retreat and the ongoing volatility have led to concerns about whether the South Korean stock market bull run…
Retail investing has become more accessible than ever. Commission-free brokerages, crypto exchanges, and social trading platforms have made it possible for almost anyone to participate in financial markets with just a smartphone and a modest amount of capital.But as retail investing has gone mainstream, another corner of the industry has…
The German DAX Index experienced some volatility this week, as investors reacted to some notable news from key constituents like Rheinmetall, Volkswagen, and Bayer. It was trading at 25,000, up by nearly 5% from its lowest level this month.Bayer, Rheinmetall, and Volkswagen are moving the DAX IndexThe DAX Index jumped…
Asian markets rediscovered their appetite for risk on Thursday, helped by a fresh reminder that the AI trade still has hard earnings behind it. Strong updates from Micron and Qualcomm steadied nerves after a bruising bout of volatility in chip shares, pushing investors back into Japan and South Korea’s technology-heavy…
The Nikkei 225 Index jumped and neared its all-time high as memory and semiconductor companies like Kioxia, Tokyo Electron, Advantest, and Keyence Corporation soared. It jumped by over 5% to 71,950, a few points below the all-time high of 72,781.Kioxia, Tokyo Electron, Advantest, and Keyence boosts Japan stocksThe Nikkei 225…
The Hang Seng Index continued its strong downward trend this week, reaching its lowest level since June last year. HSI has dropped in the last eight consecutive days and is down by nearly 20% from its highest point this year. The Hang Seng has diverged from other global indices like the…