Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
Micron Earnings Loom as AI Rotation Tests Tech Conviction
Markets face mild pressure as investors await Micron's earnings report amid a rotation toward artificial intelligence stocks.
KOSPI Posts Second-Worst Session Since 2008 as Tech Selloff Deepens
KOSPI experienced its second-worst trading session since 2008 amid an intensifying tech selloff. Separately, Iran pushed back on a recent optimistic statement by US Vice President Vance regarding nuclear talks.
SpaceX Market Cap Drops Over $600 Billion in Three Sessions
SpaceX's market capitalization has fallen by more than $600 billion in just three trading sessions, an amount roughly equal to half of Bitcoin's current market value.
US Index Futures Slide as Iran Rejects IAEA Inspection Claims
Dow Jones futures fell 0.72% to 51,750 during European hours on Tuesday, while S&P 500 and Nasdaq 100 futures also declined amid reports that Iran denied IAEA inspection allegations.
Tech-Led Rotation and Volatility in Focus – Danske Bank
Global equities advanced but with high dispersion; US consumer and communication services under pressure while most S&P 500 sectors and small caps performed better, according to Danske Bank.
Asian Stocks Slide on Iran Tensions; KOSPI Drops 6%
Asian equity markets fell on Tuesday amid escalating Iran risks, with South Korea's KOSPI tumbling 6%. The decline followed a sharp drop in US technology stocks as investors took profits from the AI-driven rally.
BAC Hits New All-Time High Above $57.55, Elliott Wave Supports Upside
Bank of America shares surpassed the January 2026 peak at $57.55, confirming a bullish Elliott Wave sequence and signaling further upside potential.
Pfizer’s Sigvotatug Vedotin Misses Survival Goal in NSCLC Trial
Pfizer’s Phase 3 trial for sigvotatug vedotin in previously treated metastatic non-small cell lung cancer failed to meet its overall survival endpoint compared to docetaxel, though the drug showed favorable safety and suggested stronger benefit in second-line patients.
SpaceX Stock Drops 10% in Largest Sell-Off Since Debut
SpaceX (SPCX) shares plunged 10% on Monday, marking the stock's third consecutive decline after three straight sessions of gains following its public listing.
Dow Jones Rises 0.3% in Misleading Rally
The Dow Jones Industrial Average gained 167 points on Monday, but the advance is considered deceptive as market conditions remain broadly bearish.
Chinese AI stocks surge as Zhipu, MiniMax gain hundreds of percent YTD
Zhipu shares have jumped over 2,000% year-to-date in Hong Kong, while rival MiniMax has gained 260%. The rally follows new Chinese government measures to boost AI adoption across multiple sectors.
Needham Raises Micron Price Target to $1,550 Ahead of Earnings
Needham & Company raised its price target on Micron (MU) to $1,550 from $500 ahead of Wednesday's earnings report.
Intel Stock Surges 494% Since US Government Took Stake in 2025
Intel shares have rallied 494% since the U.S. government acquired a stake in the company in 2025, driven by optimism over government-backed semiconductor manufacturing, AI infrastructure spending, and domestic chip production.
S&P 500 Relief Rally Limited After US-Iran Deal: Deutsche Bank
Deutsche Bank strategist Henry Allen says the S&P 500's bounce after the US-Iran interim deal is constrained, with the index still below its early-June record and credit spreads remaining elevated.
S&P 500 Rally Meets Growing Fear Despite Strong Fundamentals
The S&P 500 continues to climb on the back of rising corporate earnings, a solid economy, and sustained AI interest, yet investor fear is reportedly growing.
Dow Futures Flat on US-Iran Uncertainty, Fed Hawkishness
Dow Jones futures edged slightly lower by 0.05% near 51,980 during European hours Monday, while S&P 500 futures fell 0.09% and Nasdaq 100 futures rose 0.14% as markets weighed US-Iran tensions and the Fed's hawkish stance.