U.S. stocks held near record territory on Wednesday as the Dow Jones Industrial Average notched a fresh record close amid optimism over a potential peace deal in the Middle East. Meanwhile, big technology companies slumped and SpaceX shares tumbled 13.6% following the company’s first quarterly earnings report as a public company. Wall Street meandered to … Read more
U.S. stock futures rallied on Sunday evening as investors prepared for the July jobs report and a heavy week of corporate earnings, balancing strong second-quarter tech results against lingering inflation worries and fluctuating crude prices. Futures tied to the Dow Jones Industrial Average rose 200 points, or 0.4%, while S&P 500 futures advanced 0.5% and … Read more
President Donald Trump has struggled to secure interest rate cuts despite his public pressure on the Federal Reserve, as rising borrowing costs and economic challenges complicate his re-election strategy. President Donald Trump has faced mounting challenges in his push to lower U.S. interest rates, a key pillar of his economic messaging that has clashed with … Read more
Microsoft soared over 15% on Thursday, July 30, 2026, logging its biggest daily percentage gain in 18 years after forecasting upbeat sales and cloud growth. The tech giant’s stellar report eased investor anxiety over massive artificial intelligence infrastructure spending, helping Wall Street’s S&P 500 rally 1.7% and recover from its worst drop in seven weeks. … Read more
U.S. stocks rebounded sharply on Thursday, driven by a 15% surge in Microsoft following strong Azure results and a broader recovery in semiconductor shares. The gains followed a severe Federal Reserve-induced selloff, while the 30-year Treasury yield climbed to a 19-year peak amid ongoing inflation concerns. U.S. equities clawed back ground after the prior day’s … Read more
Bank of America analysts maintain a bullish outlook on the U.S. dollar for the third quarter, citing robust domestic economic growth and expectations of three Federal Reserve rate hikes this year. The bank’s strategy team advises investors to remain long on the dollar and short on the euro, adjusting their EUR/USD year-end forecast downward to … Read more
Nvidia (NVDA), Micron Technology (MU), and AMD (AMD) led a broad technology sector sell-off this week as investors pivoted to a “risk-off” stance. According to Yahoo Finance reporting, the decline followed a hawkish signal from the Federal Reserve regarding persistent inflation, which dampened enthusiasm for the year’s top-performing stocks. The Technology Select Sector SPDR Fund … Read more
The AI Rally Hits a Speed Bump: Understanding the Market Correction The high-flying momentum that has defined the artificial intelligence sector recently faced a reality check. On Friday, several prominent tech stocks experienced a sharp decline, signaling that the AI-fueled rally may be losing its immediate steam. Investors who have enjoyed the rapid ascent of … Read more
Trump’s Pen Preference: A Reflection of Broader Fiscal Scrutiny? President Donald Trump recently highlighted a seemingly minor detail – his preference for inexpensive Sharpie pens over costly, gold-inlaid alternatives – during a Cabinet meeting. This anecdote, however, underscores a larger pattern of fiscal scrutiny and a focus on cost-effectiveness that has characterized his approach to … Read more
Stock Market Navigates Holiday Calm Amid Rate Cut Expectations Global markets are experiencing a period of muted trading volume, coinciding with the Presidents’ Day holiday in the US and Lunar New Year celebrations in China. Despite the thin trading, a prevailing sentiment suggests the Federal Reserve is likely to cut interest rates later this year, … Read more