The Dow Jones Industrial Average briefly climbed above the 53,000 mark for the first time on Monday, while the S&P 500 and Nasdaq Composite closed sharply higher as renewed buying in semiconductor stocks lifted broader technology shares ahead of the second-quarter earnings season. The S&P 500 gained 0.7%, while the Nasdaq Composite advanced 1.1%. The
Samsung stock plunged over 8% on Tuesday even after the company flagged what could be its most profitable quarter ever. The shares fell as much as 7.9%, despite Samsung guiding for second-quarter operating profit of 89.4 trillion won, a 19-fold jump from a year earlier. The reaction was not about weak numbers but about whether
Oil prices edged higher on Tuesday as a tanker fire near the Strait of Hormuz revived geopolitical nerves, offsetting another wave of bearish supply news from Saudi Arabia and OPEC+. Brent crude rose 0.39% to $72.29 a barrel, while West Texas Intermediate gained 0.26% to $68.84. The move was modest, but signalled that traders are
Asia’s chip rally finally met a stronger earnings number it could not celebrate. Samsung Electronics delivered a forecast that would normally electrify the market, pointing to another record quarter as AI demand keeps memory supply tight. Yet regional equities fell on Tuesday, a sign that investors are no longer rewarding the sector simply for beating
Gold’s pause below a two-week high shows a market waiting for its next policy signal rather than abandoning the rebound. Bullion eased on Tuesday after last week’s recovery, with traders reluctant to chase prices before the Federal Reserve releases minutes from Kevin Warsh’s first meeting as chair. Softer US labour data has reduced some near-term
Bitcoin has slipped back below $64,000 after Monday’s rebound stalled near $64,500, as long liquidations and pre-Fed caution added pressure. According to market data from CoinGecko, Bitcoin climbed back above $64,000 after recovering from Monday’s selloff but failed to extend gains beyond roughly $64,529 before retreating toward the $63,200 area, where another wave of long
The NZD/USD exchange rate pulled back a bit on Tuesday, reacting to more weak US macro data, and as traders refocused on the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision. It retreated to 0.5693 from last week’s high of 0.5725. RBNZ expected to hike interest rates The New Zealand dollar, commonly known
Silver’s four-day rebound ran into a familiar problem on Tuesday: oil. The white metal fell back towards $61 an ounce as reports of fresh attacks on commercial shipping near the Strait of Hormuz revived concerns that energy prices could climb again. For silver, the issue is not only geopolitical risk. A stronger oil market can
DEXE price has climbed to a multi-year high after strong buying pressure, rising on-chain activity, and improving market sentiment combined to extend the token’s recent rally. According to CoinGecko data, DEXE rose above $28 on July 6 before easing slightly to trade near $27.7, leaving the governance token up more than 10% over the past
British house prices increased by 0.2% in June, marking the first monthly rise in four months, while annual growth accelerated slightly to 0.6%, according to data released by mortgage lender Lloyds on Tuesday. The latest figures showed that the average UK property price reached £299,330 during the month. The increase follows several months of weaker