Market News

The S&P 500 Index has pulled back in the past few days, moving from the year-to-date high of $7,618 to $7,400. This retreat has happened amid profit-taking among investors and as US bond yields jumped following last week’s strong jobs numbers. Still, there is a likelihood that the index and its ETFs like, VOO, SPY,… Continue reading Here’s why the S&P 500 Index, SPYM, SPY, and VOO ETFs may drop 5.4% soon

Rocket Lab (NASDAQ: RKLB) stock has slipped into a local bear market after falling by 25% from its highest point this year. It was trading at $113.65, with its market capitalization falling from over $86.8 billion to $65 billion. So, will this crash continue further or rebound? Why Rocket Lab and other space stocks have… Continue reading Rocket Lab stock has crashed into a local bear market: will RKLB rebound?

Intuit stock price has crashed this year and is now hovering at its lowest level since September 2020. INTU has plunged 62% from its July last year high, making it the top laggard in the Nasdaq 100 Index this year. Its market cap has slumped from over $215 billion to $83 billion today. Intuit stock… Continue reading Intuit stock is the worst performer in the Nasdaq 100 Index this year: buy the dip?

Cardano (ADA) price has crashed deeper than other altcoins this year, and is now hovering near its all-time low. It was trading at $0.1660 on Tuesday, down sharply from the record high of $3. This retreat has erased over $84 billion in value as the market cap has dropped from over $90 billion to $6… Continue reading Here’s why Cardano price has crashed and erased $84 billion in value

South Korea’s Kospi Index rose by over 4% on Tuesday, mirroring the resurgence of the US equities market. It rose to KRW 7,814, a few points above the Monday’s low of KRW 7,435 as technology stocks jumped and crude oil prices retreated. South Korean stocks jump as technology companies rose The Kospi Index suffered a… Continue reading Here’s why South Korea’s Kospi Index is rising today (June 9)

Brent crude oil price retreated for the fourth consecutive day as tensions in the Middle East cooled following President Donald Trump’s intervention. It dropped to $93.50, down sharply from the year-to-date high of $120. Still, all signs show that the price will rebound in the coming days and weeks. Brent crude oil price falls as… Continue reading Brent crude oil price forms island reversal pattern: will it surge to $100?

Marvell Technology’s stock price surged on June 8, rebounding sharply from last week’s brutal sell-off. The rally came after the company was announced as one of the upcoming additions to the S&P 500 Index. However, despite today’s gains, there is a risk that MRVL stock could be on the verge of another pullback in the… Continue reading Here’s why the Marvell Technology stock may plunge despite S&P 500 news

Adobe (NASDAQ: ADBE) stock price remains on edge this week as investors wait for the upcoming quarterly results, which will provide more insights on its business amid the ongoing artificial intelligence disruption. ADBE dropped to $248, down slightly from last month’s high of $274. This article explores what to expect as the company prepares to… Continue reading Cheap Adobe stock has formed a risky pattern: will it crash after earnings?

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