Micron stock price has plunged and entered a local bear market after falling by over 22% from its all-time high. It slipped to $975 on Thursday, its lowest level since June 11, after a series of negative news. So, is this the start of a new downtrend or just an overreaction? Micron stock dived after
Sandisk stock price has suffered a harsh reversal recently as its historic bull run hits a wall. SNDK dropped roughly 14% on Thursday, July 2, ahead of the holiday weekend, reaching its lowest level since mid-June. It has now slumped by roughly 25% from its recent all-time high, even as top Wall Street analysts have
The Japanese yen jumped sharply on Thursday as traders braced for a potential intervention by the Bank of Japan (BoJ). The USD/JPY pair retreated to a low of 160.62 from the year-to-date high of 162.84. US published weak non-farm payrolls data The USD/JPY pair retreated after the US published the latest non-farm payrolls (NFP) report.
The Hang Seng Index retreated by over 10% in the first half of the year as some of the biggest Chinese technology companies lagged behind their global peers like the Nikkei 225 and Kospi, which jumped by 34% and 85%, respectively. Top Hang Seng Index stocks have retreated this year Hong Kong’s Hang Seng Index
The Roundhill Memory ETF (DRAM) retreated for the second consecutive day as jitters in the memory industry accelerated. The fund, which has become a $24.3 billion behemoth, retreated to $62.45 in the pre-market, down by 22.75% from its highest point this year. Why the DRAM ETF is falling DRAM is a top ETF that gives
Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth and encouraging technicals. Shopify stock jumps after crucial settlement Shopify, the operator of the biggest e-commerce software, soared after reaching a settlement with Shopline, a
The DAX Index has remained resilient in recent months and is gradually attempting to retest its all-time high of 25,510. It has climbed nearly 15% from its lowest level this year. This period of consolidation could pave the way for further gains, as the index has formed an inverted head-and-shoulders pattern—a bullish technical signal. This
The USD/ZAR pair was little changed on July 1 as traders reacted to hawkish remarks by South African Reserve Bank (SARB) Governor Lesetja Kganyago, who spoke at the European Central Bank (ECB) forum in Portugal. The pair was trading at 16.40, a few pips below last month’s high of 16.67. SARB may hike interest rates
The UnitedHealth Group stock price has embarked on a major rally in the past few months and has recently formed the encouraging golden cross pattern. UNH jumped to $420, its highest level since April 25. It has soared by 78% from its lowest level this year. Why UnitedHealth Group stock is soaring UnitedHealth Group, the
Palo Alto Network stock has gone parabolic this year, helped by the belief that the ongoing AI boom will lead to more demand for cybersecurity tools. PANW jumped to a record high of $332, up by 137% from its lowest level this year. Its market capitalization has jumped to over $270 billion. Palo Alto Networks