Rocket Lab (NASDAQ: RKLB) stock has slipped into a local bear market after falling by 25% from its highest point this year. It was trading at $113.65, with its market capitalization falling from over $86.8 billion to $65 billion. So, will this crash continue further or rebound? Why Rocket Lab and other space stocks have
The S&P 500 Index has pulled back in the past few days, moving from the year-to-date high of $7,618 to $7,400. This retreat has happened amid profit-taking among investors and as US bond yields jumped following last week’s strong jobs numbers. Still, there is a likelihood that the index and its ETFs like, VOO, SPY,
Astera Labs stock price has gone parabolic in the past few months, mirroring the performance of the semiconductor industry. ALAB jumped to $346 on Monday, up by 253% from its lowest point this year, with its valuation jumping from $16.6 billion in April to $60 billion today. Still, the company faces some major risks, with
The Nikkei 225 Index slumped by nearly 4% today, June 8, as the recent rally took a breather. It retreated to ¥64,000, down from the year-to-date high of ¥68,670. This retreat was a reaction to the latest GDP data, global stock market retreat, and the continued US-Iran quagmire. Top reasons behind the Japanese stock market
A crypto market rally is underway today despite the ongoing retreat in global equities, with Japan’s Nikkei 225, German’s DAX, Hong Kong’s Hang Seng, China’s Shanghai Composite, and Australia’s ASX 200 falling by over 0.80%. Bitcoin (BTC) jumped to $63,000 from the weekend low of $59,000. The top gainers in the crypto market were Audiera,
The Hang Seng Index retreated by over 1.18% on Monday, continuing a sell-off that started on May 14, when it peaked at H$26,856. It retreated to a low of H$24,466, its lowest level since March 30th this year. Hong Kong stocks retreat as global rout in tech shares continue The blue-chip Hang Seng Index retreated
The Japanese yen crashed to an important level that triggered a massive Bank of Japan (BoJ) intervention in April. The USD/JPY exchange rate rose to the crucial resistance at 160, its highest point since April 30th this year, and 3.40% from its lowest point in May. Japanese yen slumps despite strong GDP data The USD
The Indian rupee retreated slightly against the US dollar on Monday as geopolitical tensions rose and after the US published a strong jobs report last week. The USD/INR exchange rate was trading at 95.2900, down modestly from the year-to-date high of 96.90. Goldman Sachs turns bullish of the Indian rupee Analysts at Goldman Sachs believe
Adobe (NASDAQ: ADBE) stock price remains on edge this week as investors wait for the upcoming quarterly results, which will provide more insights on its business amid the ongoing artificial intelligence disruption. ADBE dropped to $248, down slightly from last month’s high of $274. This article explores what to expect as the company prepares to
Marvell Technology’s stock price surged on June 8, rebounding sharply from last week’s brutal sell-off. The rally came after the company was announced as one of the upcoming additions to the S&P 500 Index. However, despite today’s gains, there is a risk that MRVL stock could be on the verge of another pullback in the