Market Update

As technology stocks continue to face heavy selling pressure on Wall Street, Amazon has emerged as a notable exception, supported by its annual Prime Day shopping event.Prime Day is not only expected to boost the company’s sales but also serves as an important indicator of consumer spending strength, giving investors …

Key Takeaways Gold finds tentative footing: Spot gold ticked up 0.3% to $4,036.88 per ounce, while gold futures added 0.1% to $4,051.30. Third straight weekly loss: Bullion on track for a nearly 3% weekly decline and has shed roughly 11% this month. Dollar near 13-month high: The greenback is heading …

Key Takeaways Record close reversed: The Stoxx 600 opened 0.4% lower the day after a record-setting close driven by Micron and Qualcomm earnings. DAX leads losses: Germany’s index fell 0.7%; FTSE 100 dropped 0.4%; France’s CAC 40 lost 0.2%. OpenAI IPO delayed to 2027: Reports that the ChatGPT maker is …

Key Takeaways Oil falls further: Brent dropped 1.4% to $74.19 per barrel, while WTI slipped 1.6% to $70.77. Third weekly decline: Both benchmarks on track for roughly 7% weekly losses — extending last week’s peace deal-driven selloff. War premium nearly gone: Oil prices have erased most of their gains since …

Russia is emerging as one of the biggest beneficiaries of recent disruptions in global energy markets, using supply uncertainty and geopolitical tensions to strengthen its position across Asia. As concerns over energy security grow, several Asian nations are looking beyond traditional suppliers, creating new opportunities for Russian oil exports.Among the …

A senior US central bank official cautioned that inflation remains the primary challenge facing policymakers, even as some recent economic data showed limited signs of progress. The remarks underscore growing concerns that the fight against rising prices is not yet over and that inflation continues to run above desired levels.Officials …

Wall Street experienced another volatile session as a powerful rally in Micron underscored the strength of the artificial intelligence boom, while weakness among several major technology companies limited broader market gains.Micron delivered standout results that reinforced investor confidence in the booming demand for AI-related infrastructure. The strong performance fueled a …

Tesla has returned to the spotlight once again, not only because of a new government investigation into a fatal crash in Texas, but also due to growing questions about the future of its autonomous driving technology. While these developments may create short-term concerns in the stock market, many analysts believe …

US stock markets experienced a mixed session as weakness among major technology companies offset gains in several other sectors. Investors faced renewed volatility in large-cap tech shares, creating pressure on broader market indexes even as economic conditions remained supportive.Several of the biggest technology companies moved lower, dragging sentiment across the …

Gold prices moved higher after suffering one of their sharpest declines in months, helping the precious metal climb back above the $4,000 mark.The rebound came as investors reacted to fresh economic data that largely met expectations, easing some of the uncertainty that had weighed on financial markets in recent weeks.Inflation …