US stock futures found a tentative bid on Wednesday, but the rebound looked more like a pause than a reset.After two sessions of selling, investors moved back into parts of the technology complex, helped by gains in memory-chip names before Micron Technology’s results. The mood was still cautious as the…
FedEx shares fell more than 7% in premarket trading on Wednesday as investors looked past better-than-expected quarterly earnings and focused on shrinking margins at the company’s core delivery business and the uncertainties created by its recent freight spinoff.The delivery giant recently separated its highly profitable trucking unit, FedEx Freight, as…
Copper prices rebounded slightly on Wednesday from the previous session, but the metal remained under pressure due to recent losses because of a stronger US dollar and hawkish Federal Reserve signals weighed on industrial metals. The weakness underscores how monetary policy and currency strength are combining with fragile demand to keep…
Rocket Lab stock price has slipped in the past few weeks as investors book profits following the spectacular rally that happened before the SpaceX IPO. RKLB dropped to the key support level of $100, even after it entered the exclusive Nasdaq 100 Index. Still, there are some reasons why it…
SpaceX stock price has suffered a major crash a few days after it launched the biggest initial public offering (IPO) on record. SPCX tumbled to $154, down sharply from its all-time high of $225.80. As a result, Elon Musk’s net worth has tumbled by $300 billion, and he may soon…
Nio stock price dropped to a crucial support level this week as investors continued selling Chinese electric vehicle shares. It was trading at $5.05, and may be at risk of further downside after forming a risky chart pattern despite its strong revenue and delivery growth.Nio stock price technicals point to…
The Kospi Index retreated sharply this week, reaching its lowest level since June 12, as technology stocks plunged. The KOSPI fell nearly 10% on Tuesday, before rebounding on June 24 as investors reassessed the sharp tech-led selloff. Sentiment, however, remains fragile and could come under renewed pressure if Micron (MU)…
The Nikkei 225 Index has slumped over the past two consecutive days, reaching a low of 68,863 as fears of a technology bubble intensify. It has slipped by 5.5% from its high this week, with key technology companies in the red. Kioxia stock nears a bear marketThe Nikkei 225 Index has…
Scottish Mortgage Trust share price has retreated sharply this week, continuing a downward trend that started on June 3. SMT stock has slumped to 1,357p, its lowest level since April 14, and 13% below its highest level this year. This retreat has coincided with the ongoing SpaceX sell-off that has…
St. James Place share price held steady on Wednesday, reaching a high of 1,172p, much higher than this month’s low of 1,114p. It has slowly formed a highly bullish pattern, pointing to an eventual rebound, despite the AI disruption fears.St. James Place share price technical analysisThe daily chart shows that…