Topline Software analytics firm Palantir is plummeting on the stock market Tuesday, with shares falling 9% as other AI darlings like NVIDIA and Meta cool down from gains made earlier this month. Palantir shares fell as low as 9% Tuesday. (Photo illustration by Cheng Xin/Getty Images) Getty Images Key Facts Palantir shares were down 9%…
(MENAFN– AsiaNet News) U.S. stocks appear set for a negative opening on Tuesday as investors turn their focus to retail earnings, which offer a peek into the health of the economy. The Home Depot Inc. (HD) reported its second-quarter (Q2) results before the bell on Tuesday, while Target Corp. (TGT) and Walmart Inc. (WMT) are…
Stocks climbed to a record as an in-line US inflation reading eased price concerns and bolstered bets on a Federal Reserve interest-rate cut in September. The MSCI All Country World Index rose 0.2% to an all-time high, tracking Wall Street’s surge to fresh peaks, as money markets nearly priced in a full 25 basis point…
A long-term red-dotted trendline, converging near the $17 region, also acts as a significant support zone where the stock may find a long-term bottom. As the price has recently tested the $60 region, a strong correction has emerged around the 61.8% retracement zone. Given this setup, investors can consider buying the stock within the $30…
Hang Seng Index Drops as Mainland Stocks Struggle for Direction The Hang Seng Index fell 0.31% to 24,824 in morning trading, pulling back from an early high of 24,955. Mainland China’s CSI 300 edged 0.04% lower, while the Shanghai Composite Index edged 0.06% higher. Overnight (August 5), US equity markets posted losses as investors reacted…
Just over two years ago, a plunge in Vietnam’s stocks left Pham Nam with a loss of 2 billion dong ($76,269) and led him to sell his Hyundai car. Nam swore he’ll never invest again. But a 22% rally this year in the benchmark VN Index has compelled Nam to wade back in with his…
Swiss stocks dropped as the market reopened after a holiday, on worries about the impact from US President Donald Trump’s punitive 39% export tariff and a push for drugmakers to lower prices. The Swiss Market Index fell as much as 1.9% Monday, although it pared declines to 0.88% as of 10:15 a.m. in Zurich on…
TOKYO — South Korean stocks fell sharply on Friday, recording their biggest percentage decline in four months due to investor concerns about the downsides of the country’s trade deal with the U.S. and disappointment over a domestic tax reform plan. The benchmark KOSPI extended its losses from the previous day and closed down 3.9%, marking its biggest…
Chinese sovereign bonds are coming under pressure as growing optimism over local stocks drives the correlation between the two markets toward the most extreme levels since the pandemic. The 90-day correlation between the CSI 300 Index and the Bloomberg China Treasury Total Return Index is heading toward its most negative level since 2020. The bond…
Wall Street pros are staring down a pivotal week that will likely set the tone for the rest of the year in markets and the economy. The big event comes Wednesday, when the Federal Reserve announces the outcome of its two-day policy meeting. Economists expect the Federal Open Market Committee to keep interest rates unchanged,…