US stocks opened mixed on Friday, recovering modestly after Wall Street’s sharp selloff in the previous session, as investors assessed fresh corporate earnings, easing oil prices, escalating geopolitical tensions in the Middle East, and new tariffs announced by the Trump administration. The Dow Jones Industrial Average rose about 40 points, while the S&P 500 gained
Spot gold and silver prices moved higher ahead of the North American market open on Friday. Precious metals steadied after Thursday’s selloff. Traders assessed a stronger signal from the US labor market. They also weighed the European Central Bank’s decision to hold interest rates, elevated crude oil prices and firm US Treasury yields. At the
Bitcoin traded near $64,900 on Friday after another eventful week for the cryptocurrency market. BTC’s price remained close to the $65,000 mark amid corporate selling, fresh signs of stress in the mining sector, and a major options expiry. Treasury companies face tightening financing conditions One of the biggest themes influencing Bitcoin this week has been
The United States on Friday imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 trading partners, including the European Union, China, India, Japan and South Korea, marking the first major step by President Donald Trump’s administration to rebuild its global tariff regime after the US Supreme Court struck down his previous reciprocal
ServiceNow Inc. (NOW) shares fell 5% on Wednesday as the company is set to report second-quarter earnings on Wednesday after the close. Investors are closely watching whether the enterprise software company can reassure markets about its artificial intelligence strategy amid growing concerns about the sector’s long-term outlook. The earnings report comes during a challenging period
Monday.com stock has crashed this year, mirroring the performance of other software companies. It has dropped by 51% this year and 44% in the last six months. This retreat continued today, July 22, when it announced that it would lay off 20% of its employees as it embraced AI in its operations. Monday.com stock has
Dallas-headquartered AT&T Inc (T) is extending gains on Wednesday morning after reporting Q2 earnings that came in handily above Street estimates. The company posted $31.56 billion in revenue – up 2.3% on a year-over-year basis – on $0.65 per share of earnings (EPS), representing an exciting 20.4% increase from last year. More importantly, responding to
Nvidia (NVDA) shares rose over 3% on Wednesday as investors looked ahead to Alphabet’s quarterly earnings for fresh insight into artificial intelligence spending, a key driver of demand for the chipmaker’s processors. The gains followed a 2% rally on Tuesday that lifted the broader semiconductor sector. Advanced Micro Devices and Broadcom also traded about 2%
SpaceX (SPCX) shares remain in focus after Elon Musk issued a pointed warning to those betting against his space infrastructure and artificial intelligence (AI) company. In his latest post on X, the billionaire wrote: “Survival probability of firms who maintain significant short position in SPCX over time is very low.” Musk’s comment arrives at a
Dell Technologies Inc. (DELL) shares moved 9% higher on Wednesday after Super Micro Computer released a stronger-than-expected preliminary update that reinforced expectations for continued spending on artificial intelligence infrastructure. The rally followed Super Micro’s announcement that it received more than $60 billion in new orders during its fiscal fourth quarter, driving its order backlog to