US stock funds saw their biggest weekly exit since March, raising fresh questions about the strength of Wall Street’s rally. Investors pulled $17.2 billion from US stock funds in the week through July 1, according…
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Cathie Wood’s ARK Innovation ETF has bought back into SoFi Technologies (NASDAQ: SOFI) just as the beaten-down fintech stock is trying to recover from a difficult first half of the year. ARKK bought 299,753 SoFi shares…
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Wall Street futures under pressure: 5 things to know before the market opens
by adminby adminUS stock futures slipped before Thursday’s jobs report, leaving Wall Street with a cautious tone after a weak session for technology shares. The rally that carried equities through the first half is not broken, but…
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US equity futures began the new quarter with a more guarded tone, even after Wall Street ended June on a strong note. The problem is not just geopolitics, though the stalled US-Iran diplomacy in Doha…
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The UK’s benchmark FTSE 100 index edged higher on Tuesday, supported by gains in industrial mining, and financial stocks, as investor sentiment improved on optimism surrounding a ceasefire in the Middle East. The blue-chip index…
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UK equities came under pressure as weakness across consumer staples, defence and mining stocks weighed on market sentiment. Investors also assessed fresh economic data showing a slowdown in mortgage lending and broader credit growth, pointing…
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The S&P 500 Index has come under pressure in the past few days, moving from the year-to-date high of $7,620 to the current $7,354. This retreat continued amid the rising jitters that the AI boom…
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A growing chorus of China’s most influential hedge fund managers is sounding the alarm on what they describe as a dangerously overheated global AI trade. After an explosive run-up in semiconductor and model‑development stocks from…
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China’s domestic technology initial public offering market is witnessing a strong recovery as Beijing steps up efforts to support listings by semiconductor and artificial intelligence (AI) companies. The renewed momentum comes as the country pursues…
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Nasdaq futures skyrocket 650 points: 5 things to know before Wall Street opens
by adminby adminWall Street looked ready to give the AI trade another chance on Thursday, but the recovery came with a warning label. Nasdaq futures jumped after Micron and Qualcomm delivered the kind of demand signals investors…