Adobe (NASDAQ: ADBE) stock price remains on edge this week as investors wait for the upcoming quarterly results, which will provide more insights on its business amid the ongoing artificial intelligence disruption. ADBE dropped to $248, down slightly from last month’s high of $274. This article explores what to expect…
Marvell Technology’s stock price surged on June 8, rebounding sharply from last week’s brutal sell-off. The rally came after the company was announced as one of the upcoming additions to the S&P 500 Index. However, despite today’s gains, there is a risk that MRVL stock could be on the verge…
Brent crude oil price retreated for the fourth consecutive day as tensions in the Middle East cooled following President Donald Trump’s intervention. It dropped to $93.50, down sharply from the year-to-date high of $120. Still, all signs show that the price will rebound in the coming days and weeks.Brent crude…
South Korea’s Kospi Index rose by over 4% on Tuesday, mirroring the resurgence of the US equities market. It rose to KRW 7,814, a few points above the Monday’s low of KRW 7,435 as technology stocks jumped and crude oil prices retreated.South Korean stocks jump as technology companies roseThe Kospi…
Cardano (ADA) price has crashed deeper than other altcoins this year, and is now hovering near its all-time low. It was trading at $0.1660 on Tuesday, down sharply from the record high of $3. This retreat has erased over $84 billion in value as the market cap has dropped from…
The S&P 500 Index suffered a harsh reversal on Thursday and Friday as investors reacted to the latest US non-farm payrolls (NFP) data and Broadcom (NASDAQ: AVGO) earnings. It retreated to $7,383, down from the year-to-date high of $7,618. This article looks at the key catalysts that will impact the…
The Nikkei 225 Index slumped by nearly 4% today, June 8, as the recent rally took a breather. It retreated to ¥64,000, down from the year-to-date high of ¥68,670. This retreat was a reaction to the latest GDP data, global stock market retreat, and the continued US-Iran quagmire.Top reasons behind…
South Korea’s KOSPI plunged on Monday as a global chip selloff turned into a full-blown stress test for one of the world’s hottest equity markets.The benchmark index triggered a Level 1 circuit breaker just minutes after the open, falling as much as 8.4% to around 7,477 in early trade.Samsung Electronics…
The Hang Seng Index retreated by over 1.18% on Monday, continuing a sell-off that started on May 14, when it peaked at H$26,856. It retreated to a low of H$24,466, its lowest level since March 30th this year.Hong Kong stocks retreat as global rout in tech shares continueThe blue-chip Hang…
The Indian rupee retreated slightly against the US dollar on Monday as geopolitical tensions rose and after the US published a strong jobs report last week. The USD/INR exchange rate was trading at 95.2900, down modestly from the year-to-date high of 96.90.Goldman Sachs turns bullish of the Indian rupeeAnalysts at…