The Hang Seng Index dropped by 1.50% on Thursday as it continued to underperform the broader market. This weakness was driven by Lenovo Group, whose stock tumbled by double digits amid the ongoing jitters in the artificial intelligence industry. It dropped to $23,955, down by 15% from its highest point this year. Lenovo Group stock
Affirm’s stock fell more than 11.5% on Wednesday to its lowest level since October 1, leaving it down 25% from its high for the year. The selloff extended after strong US inflation data pushed bond yields higher. Affirm stock drops after US inflation report Top companies in the buy now, pay later (BNPL) industry slipped
GE Vernova’s stock has slipped into a bear market this year, falling from its year-to-date high of $1,193 to $938. The retreat has erased part of the gains made earlier in the year, when the stock was one of Wall Street’s top performers. Attention now turns to the company’s upcoming earnings report, where investors will
Nebius stock price retreated sharply today, October 14, reaching its lowest level since August 11 this year. NBIS dropped to $185.63, down by nearly 40% from the year-to-date high. This retreat has brought its market capitalization to $50.3 billion from the all-time high of $76.3 billion. Nebius stock drops as Gartner delivers major warning The
Kinder Morgan stock has rebounded this month, moving from a low of $29.48 on October 1 to the current $33.43. It has jumped to its highest level since May 20th, with focus now shifting to its upcoming earnings report. It is up by over 30% from its lowest level this year. Kinder Morgan to publish
Crude oil prices held steady on Wednesday as concerns about the escalating crisis in the Middle East continued. Brent, the top benchmark, rose to $107, while the West Texas Intermediate (WTI) moved to $95. This rally may continue as Iran continues shooting tankers crossing the Strait of Hormuz. IRGC continues to shoot ships at the
Lenovo Group’s share price has lost momentum since reaching its all-time high in September. The stock has fallen for three consecutive weeks to its lowest level since September 7, and it has moved into a correction after dropping 16% from this year’s peak. So, will the decline continue, or is this a good buy-the-dip opportunity?
Xiaomi share price has remained under pressure this year as it has confronted several major challenges, including the soaring cost of doing business and the electric vehicle woes. It was trading at $25.60 in Hong Kong, down by 58% from its all-time high. In contrast, Apple, has jumped to a record high, with its market
Nu Holdings stock price has pulled back in the last two consecutive days as investors started booking profits after the recent surge. It dropped to $15.6, a few points below this month’s high of $16.17. This retreat may continue as investors attempt to fill the fair value gap formed earlier this month. Nu Holdings stock
Caterpillar stock has suffered a big reversal in the past few months, moving from a high of $1,070 in June to the current $759, its lowest level since April 16. CAT has dropped by 30% from the year-to-date high of $1,070. This retreat will likely continue as a death cross pattern slowly nears. Caterpillar is