US stocks closed lower on Wednesday as hotter-than-expected inflation data increased expectations of further Federal Reserve interest rate hikes, weighing on technology shares and other rate-sensitive investments. The S&P 500 fell 1.08% to 7,721.49, while the Nasdaq Composite dropped 1.85% to 26,701.48. The Dow Jones Industrial Average declined 0.09%, or 45.23 points, to 51,624.87, with
Samsung Electronics and SK Hynix stocks plunged on Thursday as investors shifted focus from chip supply to the customers financing the artificial intelligence boom. Samsung fell 9.3% and SK Hynix 11% in Seoul, helping push the KOSPI down more than 7%. The rout followed a bruising Wall Street session in which hotter US inflation and
Gold prices slid to session lows on Wednesday as hotter-than-expected US inflation data strengthened concerns that interest rates could rise in December, putting bullion under pressure. Gold dropped below $4100 after the news and was trading around $4098 an ounce with a decline of over 1.5% at the time of writing. The September consumer price
The FTSE 100 Index has come under pressure in the past few months as demand for stocks waned amid the ongoing surge in UK bond yields. It dropped to 10,552 points, down from the year-to-date high of 10,986. This article looks at some of the top Footsie stocks to watch this week. IAG stock in
US stocks closed mixed on Monday as investors assessed rising oil prices and geopolitical tensions ahead of a busy week of corporate earnings and inflation data that could influence the Federal Reserve’s interest rate outlook. The S&P 500 slipped 0.05% to 7,807.79, while the Dow Jones Industrial Average gained 0.38%, or 198.22 points, to close
Micron Technology MU and SK Hynix shares traded lower on Monday as investors assessed the competitive implications of progress by China’s ChangXin Memory Technologies (CXMT) in developing a new memory-chip design that can store more data. Broader weakness in technology shares added to the selling pressure as oil prices climbed to their highest levels in
Crude oil price held steady on Friday, with Brent ending the week at $104.5 and the West Texas Intermediate (WTI) hitting $93. Brent has jumped by nearly 10% from its lowest level this month, and this recovery may continue as the Middle East erupts. Houthi and Saudi Arabia crisis escalates Crude oil prices reacted mildly
SpaceX chief Elon Musk’s years-long effort to bring its satellite internet service Starlink to India took a dramatic turn this week. Musk, whose company competes with Ambani’s Reliance Jio and Eutelsat’s OneWeb in India’s satellite communications market, on Thursday took to X, the social media platform he owns, to challenge the delay in Starlink’s commercial
SoundHound stock has plunged to its lowest level since November 2024 as investors continue betting against the voice AI company. It slumped to a low of $5.38 on Friday, down by nearly 80% from its all-time high, a sign that Nvidia’s investment has flopped. Investors are aggressively betting against SoundHound stock SOUN stock has plunged
AGNC Investment stock has sold off sharply in the past few weeks, and this retreat may continue after it formed the highly bearish double-top pattern. It has slipped for eight consecutive weeks, reaching its lowest level since September 29. It remains down by 23.4% from its highest point this year, bringing its yield to 17%.