Micron stock price tanked in the past few days, erasing some of the gains made earlier this month, as investors reacted to the recent Oracle and Broadcom earnings. It dropped to a low of $240, down sharply from the year-to-date high of $264.46. It remains up by 152% from where it started the year. Micron
As artificial intelligence continues to dominate market narratives, Citigroup is reframing how investors should think about its impact on US equities. Rather than focusing on the initial wave of AI infrastructure and hype-driven rallies, the brokerage argues that the next phase for the S&P 500 will be shaped by how effectively companies integrate the technology
Stocks advanced on Monday, recovering from a mixed and volatile stretch on Wall Street that saw investors aggressively rotate out of high-valuation technology names and into more attractively priced parts of the market. Traders also prepared for a wave of delayed US economic reports that are expected to steer sentiment through the week. The Dow
Gold prices were hovering below the $4,400-per-ounce mark as safe-haven buying increased, while the dollar slipped against major currencies. Silver prices on COMEX also rose more than 3% on Monday, with the metal shy of Friday’s record high. Meanwhile, oil prices were in the red as a potential peace deal between Russia and Ukraine weighed
Venezuela’s state oil company PDVSA said it was the target of a cyber attack orchestrated by the US in coordination with domestic conspirators, according to a statement issued on Monday jointly with the country’s oil ministry. The business said operations were unaffected and that the attack was repulsed by PDVSA personnel. The incident was described
Copper prices increased on Monday, with contract expiry-related position rolling by some traders overriding current concerns. This move helped the market temporarily disregard weak economic data and ongoing worries about China’s crucial property sector, which is the top consumer of the metal, according to a Reuters report. Copper prices experienced a volatile session on Friday,
The EUR/USD exchange rate held steady in the past few months, a trend that may continue in the coming months as top analysts predict a return to US dollar slide amid a divergence between the Federal Reserve and the European Central (ECB). It was trading at 1.1740, much higher than last month’s low of 1.1463.
Silver has dramatically outperformed gold this year, with prices surging by nearly 100% as of early December. The rally has been marked by sharp swings, driven by shifting economic signals and evolving trade tariff policies, and with high uncertainty persisting, ING Group anticipates further market volatility. The recent strength of silver is attributable to several
Shares of Fermi plunged 40% on Friday after the data-center real estate investment company disclosed that a prospective anchor tenant had terminated a funding agreement tied to its marquee Texas project. The decision, affecting a commitment of up to $150 million for construction of Project Matador, marks the sharpest setback yet for the newly listed
Silver price refreshed its record high on Friday, proving that the rally was not just Fed-driven. With the persistent economic uncertainties and geopolitical risks, investors are seeking exposure in the white metal, which they expect to rally further. This sentiment has bolstered silver ETF inflows, with November marking its highest level since July. Besides, its