US stocks opened higher on Monday as easing tensions between the United States and Iran boosted investor sentiment, while a sharp decline in oil prices lifted travel-related stocks ahead of a crucial week featuring major technology earnings, key inflation data and the Federal Reserve’s interest rate decision. The Dow Jones Industrial Average climbed about 602
The gold market continued to struggle to attract a consistent safe-haven bid on Monday, even as fresh US economic data pointed to weaker-than-expected growth in the manufacturing sector. Gold prices showed limited reaction to the disappointing durable goods figures. Analysts noted that weaker manufacturing activity could potentially offer some support to the precious metal. Spot
Cardano (ADA) is trading at a decisive point after spending the past several sessions under sustained selling pressure. While bulls have managed to defend key support levels, repeated failures to reclaim higher resistance have left traders waiting for a clear directional move. With technical indicators sending mixed signals and derivatives traders maintaining a cautious stance,
Plug Power stock remains in a deep bear market after falling by over 50% from the highest point this year. This retreat will be put to the test on August 7 after the company publishes its financial results. So, will the stock rise or drop after its earnings report? Options market suggests high volatility after
Alphabet GOOGL shares rebounded on Monday after suffering a sharp selloff following last week’s quarterly earnings, with several Wall Street brokerages maintaining bullish recommendations even as they trimmed price targets in response to the company’s aggressive artificial intelligence investment plans. Shares of the Google parent rose nearly 3% at the market open, signalling that investors
Crude oil prices pulled back on Hyperliquid as the US and Iran paused their recent attacks. The West Texas Intermediate (WTI) dropped to $86.82 from last week’s high of $93, while Brent, the global benchmark, fell to $98. So, is this the start of a new retreat? US and Iran paused their strikes Crude oil
President Donald Trump paused his attacks against Iran after 13 consecutive days of intense strikes as top advisors warned about the fading stockpiles of key defense munitions and the impact of the strikes on pushing Iranians back to the negotiating table. Trump has paused his attacks against Iran According to Axios, Trump ordered the military
Uber stock price is in a free fall this year and is trading at the lowest level since April last year. It has plunged by over 35% from its highest point since September last year. This retreat has pushed its market capitalization from a record high of $206 billion to the current $134 billion. So,
India’s energy sector is at a unique juncture. Heatwaves are increasing power consumption across the grid, and hyperscalers are trying to build AI data centers in the country. Are these twin pillars of demand going to help the power companies in the country? Especially when power companies are seen as a proxy for an AI
Artificial intelligence has become the biggest growth story in global technology, but this week’s earnings from Alphabet and Tesla have reminded investors that building the infrastructure behind that boom is becoming increasingly expensive. And, investors are not okay with this. While both companies reported robust revenue growth and highlighted expanding demand for AI-related products and