The Vanguard S&P 500 ETF (VOO) stock has pulled back in the past seven consecutive days and is hovering at its lowest level since June 11. There is a risk that the recent stock market rally is about to take a breather. S&P 500 Index has fallen despite some major good news The S&P 500
US stocks opened lower on Friday as investors continued to rotate out of technology stocks, with chipmakers facing renewed selling pressure despite strong recent earnings and upbeat demand forecasts. The Dow Jones Industrial Average was down 207 points points while the Nasdaq Composite dropped 0.95%. The S&P 500 declined 0.61%. The latest weakness comes after
Micron Technology’s MU shares fell sharply on Friday, giving up part of the gains recorded earlier in the week despite the memory chipmaker reporting stronger-than-expected quarterly results. The stock declined nearly 5% in premarket trading as weakness spread across the broader semiconductor sector. Other US chipmakers also traded lower, with Intel down just over 3%,
Jito (JTO) extended its recent rally after recording another strong trading session, with the token climbing nearly 12% in 24 hours to trade around $0.76. The move pushed JTO close to the top of its daily range of $0.6436 to $0.771 while lifting its monthly gain to more than 45%. The latest rally stands out
A bruising week for technology stocks has raised fresh questions about whether the artificial intelligence-fuelled market rally is becoming too volatile for comfort. A selloff that began on Monday gathered momentum throughout the week, rippling through markets from Seoul to Silicon Valley. Investors grew uneasy about the sheer scale of spending on AI infrastructure, the
Alphabet shares GOOG rose 1.8% on Wednesday after S&P Dow Jones Indices announced that the Google parent will replace Verizon Communications in the Dow Jones Industrial Average (DJIA) ahead of the opening of trading on June 29. The move will also result in changes to the S&P 500, with Honeywell Aerospace set to replace Conagra
Sunrun shares RUN surged 27% in early trading on Wednesday after the residential solar company unveiled a partnership with Tesla and home-energy management platform Renew Home. The partnership aims to supply electricity capacity to data centers and utilities grappling with soaring demand from artificial intelligence. The three companies said they would work together to deliver
Rheinmetall AG (RHM) shares are slipping on Wednesday – heading toward one of their sharpest single-day declines ever – due to a major blow to the company’s naval defense pipeline. On Jun. 24, the German Defense Ministry said it is cancelling the “multi-billion-euro” F126 frigate program, which was slated to be the largest naval procurement
Nvidia NVDA shares edged higher on Wednesday as the chipmaker stabilized following a broader semiconductor-sector selloff, with market participants assessing whether the stock is establishing a new trading range. Despite recent volatility, the stock has largely held above the psychologically important $200 level since breaking out of its previous range in April. Nvidia still trading
Uber Technologies (UBER) shares are ripping higher on Wednesday morning after the ride-hailing giant confirmed it has added five major, diverse brands to its on-demand Uber Eats marketplace. As investors cheered the announcement, UBER broke above its key moving averages (20-day, 50-day, and 100-day), indicating bulls are beginning to take back control across multiple timeframes.