Top space stocks are in a freefall this week, with Virgin Galactic (NYSE: SPCE) falling to $4.25, its lowest level since May 28. It has slumped by over 53% from its highest point last week. Intuitive Machines (LUNR) stock has dropped by 30% from its highest point last week, while Rocket Lab (RKLB) has fallen
US stocks opened lower on Thursday as a sharp selloff in semiconductor shares following Broadcom’s quarterly results weighed on investor sentiment. Markets were also closely watching rising geopolitical tensions in the Middle East and the release of fresh US economic data. The S&P 500 fell about 0.28%, while the Nasdaq Composite dropped roughly 1%. The
US stock futures edged lower on Wednesday, pausing near record highs as a fresh rise in oil prices cooled risk appetite before key economic data. Brent crude climbed after renewed Middle East tensions raised concerns over supply disruption near the Strait of Hormuz and the inflationary fallout from higher energy costs. Still, the pullback was
UK equities traded lower on Wednesday as escalating hostilities in the Middle East dampened investor sentiment and pushed oil prices higher, while a lack of progress towards a peace agreement kept markets on edge. The benchmark FTSE 100 index fell 0.2% to 10,350.5 points by 1013 GMT. The mid-cap FTSE 250 index also declined, slipping
US equities remain remarkably resilient, even as a standoff between the United States and Iran over the Strait of Hormuz continues. The S&P 500 gained more than 16% across April and May, a feat achieved only four other times since World War II, according to Deutsche Bank Research. The rally has also been fuelled by
The S&P 500 Index and its ETFs, like the SPY and VOO wavered today as market participants reacted to several important macro events from the United States and other countries. They have officially entered a bull market after rising by over 20% from the lowest point this year. Here are the top five things moving
Nvidia (NVDA) shares remained under pressure on Wednesday, falling around 3% to trade near $216 as investors continued to rotate toward other areas of the artificial intelligence hardware ecosystem. The decline followed a volatile session on Tuesday when Nvidia shares briefly climbed above $230 before reversing course and ending the day down 0.7%. While Nvidia
The UK’s blue-chip index advanced on Tuesday, supported by gains in mining-related shares as base metal prices strengthened, while energy stocks came under pressure following a decline in crude oil. Broader sentiment was also influenced by geopolitical developments, including renewed expectations of progress in US–Iran talks. The FTSE 100 rose 0.4% to 10,377.4 points by
The season of the mega IPOs is gathering momentum. Just days before SpaceX is expected to begin trading publicly, Anthropic, the artificial intelligence company behind Claude, confidentially filed for an initial public offering, officially taking its place on the starting line of what could become the largest IPO cycle in modern market history. The company
US stocks opened lower on Tuesday as investors assessed fresh record highs on Wall Street, monitored developments in US-Iran negotiations, and reacted to major announcements from technology companies tied to the artificial intelligence boom. The Dow Jones Industrial Average fell 45 points, or 0.1%. The S&P 500 slipped 0.13%, while the Nasdaq Composite declined 0.26%.