US stock futures pointed to a steadier open on Monday as chipmakers attempted to recover from Friday’s sharp selloff, though rising oil prices and renewed Middle East strikes kept risk appetite fragile. S&P 500 and Nasdaq 100 futures rose as Nvidia, Broadcom and Micron gained in premarket trading, helping ease some of the pressure from… Continue reading Wall Street futures trade mixed today: 5 things to know before market opens
stocktrader
Citigroup boosts S&P 500 forecast as AI-led growth supports equities
Citigroup has become the latest Wall Street brokerage to raise its year-end 2026 target for the S&P 500, forecasting the benchmark index will surpass the 8,000 level as strong corporate earnings and artificial intelligence-driven growth continue to support equity markets. The brokerage increased its target for the S&P 500 to 8,100 from 7,700, implying an… Continue reading Citigroup boosts S&P 500 forecast as AI-led growth supports equities
Nvidia’s 5 Korea deals explained: what SK Hynix, Naver and LG gain
Nvidia has deepened its South Korea push with a series of deals that show how central the country has become to the next phase of the AI boom. The agreements, announced during Jensen Huang’s high-profile visit to Seoul, bring Nvidia closer to SK Hynix, SK Telecom, Naver, Doosan Group and LG Group. The strategy seems… Continue reading Nvidia’s 5 Korea deals explained: what SK Hynix, Naver and LG gain
OpenAI IPO: is ChatGPT’s last-minute overhaul a warning sign?
OpenAI is preparing its biggest ChatGPT redesign since launch, just as investors start looking harder at the numbers behind a possible blockbuster IPO. As per a Financial Times report, the company is trying to turn ChatGPT from a question-and-answer chatbot into a broader productivity platform, with coding, agents, image tools and third-party apps sitting inside… Continue reading OpenAI IPO: is ChatGPT’s last-minute overhaul a warning sign?
Buying SpaceX at IPO? 3 big risks smart investors are watching
SpaceX is days away from what could become the largest initial public offering in history, and investors are already treating it like a once-in-a-generation market event. The Elon Musk-led company is targeting an IPO price of about $135 a share, with trading expected to begin on Nasdaq on June 12. At roughly $1.75 trillion, the… Continue reading Buying SpaceX at IPO? 3 big risks smart investors are watching
USD/JPY forecast as Japanese yen hits critical BoJ intervention level
The Japanese yen crashed to an important level that triggered a massive Bank of Japan (BoJ) intervention in April. The USD/JPY exchange rate rose to the crucial resistance at 160, its highest point since April 30th this year, and 3.40% from its lowest point in May. Japanese yen slumps despite strong GDP data The USD… Continue reading USD/JPY forecast as Japanese yen hits critical BoJ intervention level
USD/JPY forecast as Goldman Sachs turns bullish on the Indian rupee
The Indian rupee retreated slightly against the US dollar on Monday as geopolitical tensions rose and after the US published a strong jobs report last week. The USD/INR exchange rate was trading at 95.2900, down modestly from the year-to-date high of 96.90. Goldman Sachs turns bullish of the Indian rupee Analysts at Goldman Sachs believe… Continue reading USD/JPY forecast as Goldman Sachs turns bullish on the Indian rupee
Here’s why the Hang Seng Index is falling by 1.20% today (June 8)
The Hang Seng Index retreated by over 1.18% on Monday, continuing a sell-off that started on May 14, when it peaked at H$26,856. It retreated to a low of H$24,466, its lowest level since March 30th this year. Hong Kong stocks retreat as global rout in tech shares continue The blue-chip Hang Seng Index retreated… Continue reading Here’s why the Hang Seng Index is falling by 1.20% today (June 8)
Crypto market rally today: Here’s why Bitcoin and top altcoins are going up
A crypto market rally is underway today despite the ongoing retreat in global equities, with Japan’s Nikkei 225, German’s DAX, Hong Kong’s Hang Seng, China’s Shanghai Composite, and Australia’s ASX 200 falling by over 0.80%. Bitcoin (BTC) jumped to $63,000 from the weekend low of $59,000. The top gainers in the crypto market were Audiera,… Continue reading Crypto market rally today: Here’s why Bitcoin and top altcoins are going up