Corning stock plunged by over 12% in the premarket session after the company published the latest earnings report. GLW dropped by 12% to $122.92, its lowest level since March 9 this year. It has plunged by 54% from the year-to-date high of $271, with its valuation falling from $219 billion to $123 billion. Corning stock
The Japanese yen remained under intense pressure today, July 23, as traders rushed to the US dollar amid the rising tensions in the Middle East. The USD/JPY pair was trading at 163.07, a few pips below this week’s high of 163.2. Japanese yen crash is continuing The Japanese yen has continued falling this month, even
Crude oil prices surged on July 23, climbing to their highest level since June 8 as the Middle East crisis intensified, prompting analysts to warn that the rally may be far from over. Brent crude, the global benchmark, rose to $96.16, up 37% from its June low. Meanwhile, West Texas Intermediate (WTI) climbed toward the
The Nikkei 225 Index rose modestly as traders bought the recent dip and as the Japanese yen continued declining against the US dollar. It was trading at 66,550, up by 6.30% from its lowest point this month. Japanese yen and government bonds slip The Nikkei 225 Index rose a bit as investors reacted to the
Morgan Stanley stock has wavered recently, evem as the Wall Street company published strong financial results. MS was trading at $218, a few points below its all-time high of $232. This consolidation may lead to a strong rebound after a major Goldman Sachs prediction. Key Goldman Sachs prediction may boost MS stock Morgan Stanley is
Texas Instruments stock fell more than 5% in premarket trading, despite reporting strong quarterly earnings and raising its forward guidance. TXN dropped to $280, leaving the stock more than 16% below its highest level of the year. So, will the pullback continue, or is the stock poised for a rebound? Texas Instruments is doing well
Intel stock jumped in the extended hours as the company published strong financial results and boosted its forward guidance. INTC soared to $110, a significant increase from this month’s low of $89.65. What next for these shares? Intel stock jumps after strong earnings INTC shares jumped after the semiconductor giant published strong financial results, helped
Wheat prices continued rising this week as concerns about supply escalated. The most active futures in Chicago jumped to 683.2 cents per bushel, up by 20% from the lowest level in June this year. Technicals and the ongoing Russia-Ukraine conflict suggest that prices may continue soaring. Russia-Ukraine war boosts wheat prices Wheat prices have been
Bitcoin price rose and crossed the important resistance level of $65,000 as ETF inflows accelerated and as the Crypto Fear and Greed Index exited the fear zone. BTC was trading at $66,267 on Wednesday, up by nearly 15% from the lowest level this year. Bitcoin ETF inflows are soaring American investors continued buying Bitcoin ETFs
Investors have largely shifted their attention away from the Magnificent 7 companies as enthusiasm has moved toward semiconductor stocks and the broader artificial intelligence trade. The Roundhill Magnificent 7 ETF (MAGS) has gained just 0.68% this year, significantly underperforming the S&P 500 and Nasdaq 100 indices. With earnings from the biggest names in technology approaching,