US stocks opened in the red on Monday as investors balanced renewed optimism around artificial intelligence against rising geopolitical tensions in the Middle East, while oil prices climbed following fresh developments involving Iran. The S&P 500 slipped 0.2%, while the Nasdaq Composite fell 0.1%. The Dow Jones Industrial Average was down 132 points, or 0.26%
India is expected to discuss Washington’s Section 301 investigation and potential tariff measures with US trade officials this week as both countries work toward finalising a trade agreement. A US delegation led by chief negotiator Brendan Lynch is scheduled to hold three days of discussions with Indian trade officials in New Delhi beginning Tuesday. The
Shares of Strategy (previously known as Microstrategy) MSTR fell more than 6% on Monday after the company disclosed its first strategic Bitcoin sale, marking a notable departure from Executive Chairman Michael Saylor’s long-standing commitment to never sell the cryptocurrency. The decline was compounded by a price target cut from Mizuho and renewed weakness in Bitcoin,
Shares of Nvidia (NVDA) were surging on Monday morning in contrast to the broader market. The stock was soaring around 4% as the broader indices were under pressure in early trading. The move comes as Nvidia is stepping up its challenge to Intel and Advanced Micro Devices in the artificial intelligence hardware market, unveiling a
CoreWeave (NASDAQ: CRWV) stock price jumped to $120, its highest point since May 8, as investors cheered the latest news from Taiwan, where Nvidia launched several products. CRWV has soared by nearly 82% from its lowest point this year. It has formed a double-bottom pattern, pointing to more gains. CoreWeave stock jumps as it validates
MGM Resorts International shares jumped on Monday after Barry Diller’s People Inc. submitted a proposal to acquire the casino operator in a deal that values the company at approximately $18 billion, including debt. People Inc., formerly known as IAC, already owns a 26.1% stake in MGM and has offered to acquire the remaining shares it
Adobe (ADBE) is seeing upward momentum on Monday morning due to a combination of “macro-to-software” sector rotation and positioning ahead of the firm’s earnings report. On June 1st, ADBE looks headed to challenge its 100-day moving average (MA), with a “decisive” break above the $262 level expected to strengthen the bullish sentiment in the days
Brent crude oil price remained in a tight range on Hyperliquid as investors waited for President Donald Trump’s “final determination” on the Iran deal. It was trading at $92.40 on Sunday, down from last week’s high of $108. Donald Trump requests edits to his ceasefire deal Brent, the global benchmark, dropped to $92.40, with a
A crypto rally resumed during the weekend, with Humanity Protocol (H), Worldcoin (WLD), Artificial Superintelligence Alliance (FET), and Venice Token (VVV) being the top gainers. Humanity, Worldcoin, FET, and Venice Token are soaring Humanity token jumped to $0.40, its highest point since October last year, and 750% from its lowest level this year. This surge
The KOSPI Index has entered the longest bull market in decades. After bottoming at KRW 2,132 in 2022, it has jumped by 295% to the current KRW 8,476. It has jumped by 100% this year and by 215% in the last 12 months. So, the question is whether the blue-chip index will continue the bull