US stocks opened higher on Thursday as investors returned to beaten-down technology shares following a sharp selloff, though gains were tempered by rising geopolitical tensions in the Middle East and higher oil prices. The Dow Jones Industrial Average added 246 points. The S&P 500 rose 0.29%, while the Nasdaq Composite gained 0.28%. The rebound came
Energy markets are showing signs of complacency in the face of a major supply shock caused by the ongoing closure of the Strait of Hormuz, according to ING Economics. Despite three months of restricted flows and little tangible progress in US-Iran negotiations, oil and gas prices have failed to fully price in the severity and
The US tech sector has had a torrid time of late. Ever since Broadcom issued some disappointing forward guidance, along with a solid, consensus-beating first-quarter result, tech stocks have been on the back foot. Then, just as investors were starting to ask if the US non-farm payroll release was still the most important monthly data
Nvidia is expanding its presence in healthcare artificial intelligence through a new partnership with medical technology startup Abridge, as competition intensifies among technology companies seeking to apply AI tools across the healthcare industry. According to a report by The Wall Street Journal, Nvidia and Abridge are developing an AI model specifically designed for clinical conversations
Oil prices have continued to rise on Thursday as geopolitical tensions simmered with the latest US strikes against Iran. Gold and silver extended their losses as higher energy prices and expectations of elevated interest rates for longer dampened sentiments in the precious metals market. Gold prices had rebounded slightly earlier in the day, but failed
Caterpillar stock price has pulled back in the past few days, moving from the year-to-date high of $947 on June 4 to the current $856. This retreat happened after it formed the risky double-top pattern on the daily chart. Valuation concerns remain amid the AI boom Caterpillar, a top industrial company known for making large
Hyperliquid (HYPE) is trading higher on Thursday, recovering above the $56 level after finding strong support around a key technical zone in the previous session. The rebound is being supported by improving derivatives positioning and a broadly constructive technical structure, suggesting potential for a short-term recovery. The technical indicators remain bearish but are no longer
Semiconductor stocks rallied on Thursday after Bank of America identified agentic AI as the next major growth catalyst for the industry, creating a potentially massive opportunity for chipmakers ranging from Nvidia and Advanced Micro Devices to Intel and Arm Holdings. The brokerage’s bullish outlook helped lift shares across the sector. AMD rose about 6%, Intel
The regulatory framework for crypto assets in the United States is beginning to take shape. However, even as regulatory clarity improves, a key question remains: who will control the final layer of crypto commerce? In a recent CCN opinion article, Oobit CEO Amram Adar argued that the answer will be determined by infrastructure rather than
Dogecoin (DOGE) is up by less than 1% on Thursday, climbing towards $0.085 despite a generally risk-off environment across cryptocurrency markets. The recovery comes as large holders, commonly known as whales, appear to have paused recent profit-taking activity, temporarily easing selling pressure. However, retail investors remain cautious, with futures market participation continuing to decline. The