Market News

Scottish Mortgage Trust share price has retreated sharply this week, continuing a downward trend that started on June 3. SMT stock has slumped to 1,357p, its lowest level since April 14, and 13% below its highest level this year. This retreat has coincided with the ongoing SpaceX sell-off that has erased billions of dollars in… Continue reading It’s not just SpaceX: These top Scottish Mortgage Trust stocks are in trouble

The Nikkei 225 Index has slumped over the past two consecutive days, reaching a low of 68,863 as fears of a technology bubble intensify. It has slipped by 5.5% from its high this week, with key technology companies in the red.  Kioxia stock nears a bear market The Nikkei 225 Index has dropped sharply in… Continue reading Nikkei 225 Index slips as Kioxia stock suffers a harsh reversal

The Kospi Index retreated sharply this week, reaching its lowest level since June 12, as technology stocks plunged. It retreated by 10% on Tuesday, and continued the trend today, June 24. This retreat may continue if Micron (MU) stock retreats after its earnings later today. Kospi Index waits for Micron earnings Kospi, an index tracking… Continue reading Kospi Index forms bearish divergence ahead of Micron earnings

Nio stock price dropped to a crucial support level this week as investors continued selling Chinese electric vehicle shares. It was trading at $5.05, and may be at risk of further downside after forming a risky chart pattern despite its strong revenue and delivery growth. Nio stock price technicals point to more downside The weekly… Continue reading Nio stock is falling despite strong revenue growth: now what?

SpaceX stock price has suffered a major crash a few days after it launched the biggest initial public offering (IPO) on record. SPCX tumbled to $154, down sharply from its all-time high of $225.80. As a result, Elon Musk’s net worth has tumbled by $300 billion, and he may soon lose his trillionaire status. Elon… Continue reading Elon Musk’s net worth plunges $300B as SpaceX stock crashes

Rocket Lab stock price has slipped in the past few weeks as investors book profits following the spectacular rally that happened before the SpaceX IPO. RKLB dropped to the key support level of $100, even after it entered the exclusive Nasdaq 100 Index. Still, there are some reasons why it will eventually rebound. Rocket Lab… Continue reading Here’s why Rocket Lab stock is ripe for a strong comeback

Xiaomi stock price has suffered a major reversal in the last 12 months, moving from a high of H$61.55 to H$22.62 today, its lowest level since September 2024, with its market cap falling from H$1.53 trillion ($192 billion) to $74 billion. This retreat has happened amid the soaring memory prices and the ongoing retreat in… Continue reading Xiaomi stock analysis: why “China’s Apple” is in a freefall

Pi Network price has stalled close to its all-time low this month despite having some major bullish catalysts, including the ongoing upgrades, pivot to artificial intelligence, and the upcoming launches of Pi tokens. It was trading at $0.1330, down substantially from the all-time high of close to $3. Pi Network price become a fallen angel… Continue reading Here’s why Pi Network has become a top fallen angel in crypto

Cardano price has been in a prolonged downward spiral since peaking at $3 in 2021. The decline has erased more than $85 billion in market value, with its market capitalization falling from over $91 billion to about $5.7 billion today. ADA was trading at $0.1590, down more than 95% from its all-time high. Cardano price… Continue reading Cardano price has crashed from its peak, erasing $85 billion in value: here’s why