The S&P 500 Index continued its strong downward trend last week as the Iran war continued, pushing crude oil and natural gas prices higher. The SPX index fell to $6,368, its lowest level since August last year. It has fallen in the last five consecutive weeks. S&P 500 Index in focus as Iran war takes… Continue reading S&P 500 Index flashes a death cross as US-Iran war continues ahead of NFP data
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PS5 price hike signals pressure point for gaming industry: what’s next?
The global video-game industry is entering a period of recalibration after Sony raised prices of its flagship PlayStation 5 consoles for the second time in less than a year, underscoring mounting cost pressures tied to memory chip shortages and supply-chain strain. The move, which lifts US prices by as much as $100 starting April 2,… Continue reading PS5 price hike signals pressure point for gaming industry: what’s next?
Social media stocks crash: here’s the best one to buy on the dip
The social media landscape shifted violently this week as a wave of selling wiped billions in market value. The catalyst? A landmark legal blow; a California jury found Google and Meta Platforms negligent in a high-profile “social media addiction” trial, sparking fears of a costly regulatory overhaul. Amidst the carnage, however, a senior Wells Fargo… Continue reading Social media stocks crash: here’s the best one to buy on the dip
Bitcoin price prediction: Alarming pattern forms as geopolitical risks rise
Bitcoin price remains in a technical bear market this week after falling by double digits from the all-time high. BTC was trading at $66,800 on Sunday, and its fundamentals and technicals suggest that it has more downside to go in the foreseeable future. Bitcoin price technical analysis points to a steep crash The three-day timeframe… Continue reading Bitcoin price prediction: Alarming pattern forms as geopolitical risks rise
Gold price forecast: Will it rebound or fall further?
Blockage of the all-important Strait of Hormuz has caused the largest disruption in the oil market, and gold price is feeling the heat. While the long-term outlook remains bullish, investors are keen on how the Fed and other major central banks will respond to the uncertainties. Besides, hopes of a ceasefire in the Middle East… Continue reading Gold price forecast: Will it rebound or fall further?
Dow Jones plunges nearly 800 points: longest weekly losing streak in 4 years
US stocks fell sharply on Friday, with all three major indexes closing at their lowest levels in more than six months, as escalating tensions in the Middle East and surging oil prices dampened investor sentiment. The Dow Jones Industrial Average dropped 793.47 points, or 1.73%, to 45,166.64, entering correction territory on an intraday basis. The… Continue reading Dow Jones plunges nearly 800 points: longest weekly losing streak in 4 years
CrowdStrike stock: how its own partners triggered a sell-off today
CrowdStrike Holdings Inc (NASDAQ: CRWD) is inching lower on Mar 27 after partner Anthropic previewed a “breakthrough” AI model with advanced cybersecurity capabilities it’s calling Claude Mythos. Adding to the pressure are reports of Amazon.com Inc, another one of CRWD’s partners, developing a sophisticated artificial intelligence tool to handle sales, business development, and other tasks.… Continue reading CrowdStrike stock: how its own partners triggered a sell-off today
Evening digest: Crypto slide, SpaceX IPO buzz, India selloff
Global markets closed the week on a cautious note, with multiple asset classes reflecting heightened uncertainty. The cryptocurrency market weakened amid a broader risk-off mood, while geopolitical tensions and rising oil prices shaped equity sentiment. At the same time, Elon Musk’s potential plans for a retail-heavy SpaceX IPO drew attention, even as foreign investors accelerated… Continue reading Evening digest: Crypto slide, SpaceX IPO buzz, India selloff
Tom Lee sees this Vanguard index fund soaring 129%
Wall Street’s most persistent bull, Tom Lee, is doubling down on a vision of the future that would make even the most seasoned optimist blink. The Fundstrat Global Advisors co-founder, known for his uncanny accuracy during post-pandemic recovery, believes S&P 500 is on a collision course with the 15,000 mark by the end of this… Continue reading Tom Lee sees this Vanguard index fund soaring 129%