stocktrader

Here’s why the Hang Seng Index is falling after ceasefire extension

The Hang Seng Index sank by over 1.30% on Wednesday as concerns about the fragile ceasefire between the United States and Iran continued. It retreated to $26,137, erasing some of the gains made a day earlier. Hang Seng Index slips after Trump ceasefire extension  President Donald Trump announced that he would extend the fragile ceasefire… Continue reading Here’s why the Hang Seng Index is falling after ceasefire extension

Gold rises on Iran ceasefire: can gains hold as oil cools?

Gold climbed on Wednesday after President Donald Trump extended the Iran ceasefire, though gains were tempered as easing oil prices reduced some inflation concerns even while the broader geopolitical outlook remained uncertain. Spot gold rebounded 0.9% to $4,755.11 an ounce by 0225 GMT after hitting an April 13 low, while June US gold futures rose… Continue reading Gold rises on Iran ceasefire: can gains hold as oil cools?

Nikkei hits record high as Asian markets mixed on ceasefire extension

Asian markets opened mixed on Wednesday after President Donald Trump said he would indefinitely extend the Iran ceasefire. The announcement provided some support to risk sentiment, even as investors remained wary of the still-closed Strait of Hormuz and elevated oil prices. Japan’s Nikkei 225 climbed to a fresh record on the back of domestic trade… Continue reading Nikkei hits record high as Asian markets mixed on ceasefire extension

Brent crude oil price forecast as Trump extends Iran ceasefire

Brent crude oil price remained on edge on Wednesday as traders reacted to the ongoing happenings between the US and Iran. It dropped slightly to $98.35, down by over 17% from its highest point this year. US extends Iran ceasefire  Brent, the global oil benchmark, remained inside a narrow range after President Trump announced an… Continue reading Brent crude oil price forecast as Trump extends Iran ceasefire

Dow Jones sinks 293 pts as Iran fears, Fed tensions hit stocks

US stocks closed lower on Tuesday, reversing earlier gains as geopolitical uncertainty surrounding Iran and concerns about the Federal Reserve’s independence weighed on investor sentiment. Markets had initially found support from strong corporate earnings and economic data, but those gains faded as the session progressed. The Dow Jones Industrial Average fell 293 points, or 0.59%,… Continue reading Dow Jones sinks 293 pts as Iran fears, Fed tensions hit stocks

Amazon shakes GLP-1 race as Eli Lilly, Novo Nordisk stocks fall

Amazon is expanding its footprint in healthcare, unveiling a new program aimed at simplifying access to weight-loss treatments and reshaping how GLP-1 drugs are delivered to patients. The move positions the tech giant as a growing force in the obesity drug market, long dominated by pharmaceutical leaders Eli Lilly and Novo Nordisk. Shares of both… Continue reading Amazon shakes GLP-1 race as Eli Lilly, Novo Nordisk stocks fall

Lucid stock jumps on Uber stake reveal, but risks still loom

Shares of Lucid Group rose sharply on Tuesday, outperforming broader markets after new disclosures highlighted a deeper relationship with Uber Technologies, though underlying concerns around demand and valuation persist. The electric vehicle maker’s stock climbed about 6.15% to around $7.16 in afternoon trading, even as the S&P 500 and Dow Jones Industrial Average slipped 0.5%… Continue reading Lucid stock jumps on Uber stake reveal, but risks still loom

Trump’s ‘great deal’ or bombshell Iran attitude nukes stock market gains

The buoyant optimism that characterized the start of the April 21st trading session “evaporated” by midday, leaving Wall Street drenched in red as geopolitical concerns returned with a vengeance. After the Nasdaq briefly touched a fresh record high in early trading, the major indices took a sharp u-turn, weighed down by a toxic cocktail of… Continue reading Trump’s ‘great deal’ or bombshell Iran attitude nukes stock market gains