Market news
Crypto, stocks, forex and macro, aggregated for traders.
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.
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.