Market news
Crypto, stocks, forex and macro, aggregated for traders.
Micron Stock Surges Over 10% on Strong Earnings
Micron shares jumped more than 10% after reporting better-than-expected earnings, adding $120 billion in market cap.
Micron stock surges after fiscal Q3 earnings beat
Micron (MU) shares jumped in Wednesday's after-hours trading after the memory-chip maker reported a strong fiscal Q3 earnings beat, surpassing Wall Street estimates.
Qualcomm to Launch Data Center CPU in 2028, Secures Hyperscaler Deals with Microsoft and Meta
Qualcomm announced plans to launch its first data center CPU in mid-2028 and secured deals with Microsoft for Azure deployments and Meta as a CPU supplier, as part of its push into AI infrastructure.
Dow Jones Industrial Average Hits Record Intraday High, Closes Near 52,200
The Dow Jones Industrial Average surged to a new record on Wednesday, adding about 1% and closing near 52,200, just below its all-time high.
Short Sellers Increase Bets Against SpaceX After 30% Drop
Short interest in SpaceX has risen from 8% to 13% following a 30% decline in its share price, indicating growing bearish sentiment. Some analysts caution that elevated short positions could trigger a short squeeze.
Korea Leverage Shock Triggers Tech Selloff, Micron in Focus
Tuesday's technology selloff was driven by a leverage shock in South Korea rather than a collapse in AI demand. Samsung Electronics and SK Hynix fell over 12%, dragging the KOSPI down 9.99% and triggering a market-wide trading halt.
XLF Bullish Impulse After June Low, Elliott Wave Favors Upside
The XLF ETF shows a bullish impulse from its June 3 low, with higher highs and higher lows on the 1-hour chart. Elliott Wave analysis suggests further upside, favoring buy-the-dip entries at defined support levels.
Dow Jones Futures Slip on Hawkish Fed Outlook
Dow Jones futures fell 0.13% to near 52,000 during European hours Wednesday, while S&P 500 and Nasdaq 100 futures posted gains.
US Stocks Fall as Chipmaker Sell-Off Drags Indexes
US equities experienced a risk-off session with major indexes pressured by a sharp sell-off in chipmakers. The Nasdaq fell more than the S&P 500 as semiconductor weakness dragged broader benchmarks.
Global Equity Selloff Deepens as Tech Drops 4%: Danske Bank
Danske Bank reports a sharp global equity selloff with technology stocks falling over 4%, while defensive sectors show resilience, indicating a rotation out of growth.
KB Home Q2 Earnings Meet Estimates, Down from Year Ago
KB Home reported Q2 earnings of $0.43 per share, in line with the Zacks Consensus Estimate, but down sharply from $1.50 per share a year ago.
Exxon Mobil (XOM) Elliott Wave Analysis Points to Further Downside
Elliott Wave analysis suggests Exxon Mobil's bearish cycle from the March 30, 2026 high remains incomplete, with potential for further declines toward the 100%–161.8% Fibonacci extension zone.
Nvidia AI Chips Selling at Double Price on China’s Black Market
A report indicates that Nvidia’s restricted AI accelerators are being resold for up to twice their original price on China’s black market, signaling persistent demand despite U.S. export controls.
JPMorgan Fires Senior Executive Over Knicks Parade Trash Can Incident
JPMorgan Chase has fired a senior executive after a viral video showed her taking a limited-edition New York Knicks trash can during the team's championship parade.
Nike Appoints David Denton as CFO, Matthew Friend to Step Down in September
Nike announced David Denton as its new chief financial officer, succeeding Matthew Friend who will step down in September. The company also indicated Q4 results will benefit from tariff refunds, with underlying performance in line with guidance.
Fastenal Amends Credit Agreement, Boosts Borrowing Capacity to $1.34 Billion
Fastenal has amended its credit agreement, securing an $835 million committed facility with a $1.34 billion total borrowing capacity, and extended the maturity to June 2031.
FedEx Beats Q4 Estimates, Revenue Up 13% to $25B, Issues Strong FY2026 Guidance
FedEx reported Q4 adjusted EPS of $6.31 versus $5.91 estimate, with revenue rising 13% year-over-year to $25 billion. The company also issued FY2026 adjusted EPS guidance of $16.90-$18.10, signaling confidence.
AI Stocks Slide on Micron Outlook, BofA Sees Visibility into 2028
AI-related stocks fell sharply on Tuesday, with the Nasdaq 100 down 2.6%, as a 10% sell-off in South Korean memory chip stocks spilled over and Micron's earnings setup disappointed. BofA remains positive on AI visibility through 2028.
Retail Demand for SpaceX IPO Hits Record $405 Million in First Week
Retail investors poured $405 million into SpaceX (SPCX) during its first five trading sessions, the largest first-week retail purchase of any IPO on record, according to Vanda Research.
Dow Jones Holds Green as Chip Sector Craters
The Dow Jones Industrial Average stayed green on Tuesday despite a broad market selloff, but the underlying reason for its resilience raises concerns.
Hut 8 to Pay $2.35M in Investor Lawsuit Over US Bitcoin Merger
Hut 8 will pay $2.35 million to settle an investor lawsuit related to its merger with US Bitcoin.
South Korea Stocks Plunge on Unrealized Gains Tax Proposal
South Korean stocks fell sharply after lawmakers and civic groups discussed taxing unrealized gains from stocks and real estate, sparking a 'Black Tuesday' selloff.
RY Elliott Wave Forecast Targets $226.96–$270.20 for Wave (3) Advance
Royal Bank of Canada (RY) shares are projected to advance in Wave (3) with a price target range of $226.96 to $270.20, according to an Elliott Wave analysis.
NASDAQ 100 Futures Plunge as Memory Chip Stocks Rout
NASDAQ 100 futures dropped nearly 3% in premarket trading Tuesday as memory chip stocks Micron and Sandisk sharply declined.