Market news
Crypto, stocks, forex and macro, aggregated for traders.
Apple Raises iPad and Mac Prices Citing AI-Driven Memory Cost Surge
Apple announced price increases across iPads and Macs, attributing the move to surging memory and storage costs driven by unprecedented demand from AI data centers.
Micron's $50B Guidance Crushes Bears, Ignites AI Rally
Micron Technology (MU) reported a $50 billion guidance that reversed the previous day's semiconductor selloff, sparking an AI-driven rally and signaling a rotation into tech stocks.
TD Securities: US Equities 'Lost Decades' Saw Flat to Negative Real Returns; Small Caps, Value, Energy Outperformed
TD Securities analyst Izidor Flajsman examines historical US equity 'lost decades' and finds headline indices delivered flat to negative real returns, while small-cap, value, energy, and non-durables sectors outperformed.
McCormick Q2 2026 Earnings Beat Estimates, Reaffirms Outlook
McCormick reported Q2 2026 adjusted EPS of $0.80, above the $0.69 estimate, and net sales of $1.94B, slightly above the $1.91B estimate. The company reaffirmed its full-year adjusted EPS guidance of $3.05–$3.13.
Nvidia Printing New Low, Potential Leading Diagonal Pattern
NVIDIA is printing a new low for the month, with a possible five-wave leading diagonal pattern from the highs, indicating continued weakness.
Micron Results Boost AI Trade as Markets Eye US PCE
Micron's earnings report lifted tech sentiment after a couple of red days, reigniting the AI trade as markets await US PCE data.
BNY: Institutional Flows Support Buy-the-Dip in Chinese Equities
Despite a bear market in the Hong Kong China Enterprises Index and 15-16% declines this year, BNY's Geoff Yu notes institutional investors continue to add, supporting a buy-the-dip stance.
Qualcomm Targets $5B AI Data Center Revenue by FY2027, $15B by FY2029
Qualcomm announced ambitious revenue targets for its AI data center business, aiming for $5 billion by fiscal 2027 and $15 billion by fiscal 2029. The company also expects two hyperscale custom-chip customers to generate $1 billion in FY2027 revenue, with automotive revenue projected at about $10 billion by FY2029.
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.