Category: Top Story
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Dow Hits Record High as Weak Jobs Report Fuels Rally, Nasdaq Slides on Tech Selloff
Wall Street closed out a shortened trading week with a split verdict on Thursday. The Dow Jones Industrial Average powered to a fresh record high, while the Nasdaq Composite and small-cap stocks slid as a weaker-than-expected June jobs report sent investors rotating out of high-flying technology names and into steadier, rate-sensitive sectors. Markets are closed…
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Markets in Motion: Is an Oversold Gold Sector Setting Up for a Summer Rebound?
Oversold Gold Conditions Gold miners have endured a punishing correction. Extreme oversold conditions and improving seasonality could be laying the groundwork for a potential turnaround, according to portfolio manager Bruce Campbell. After a powerful rally earlier this year, gold mining equities have pulled back sharply. The sector registering down approximately 35 per cent from its recent…
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OCBC cuts oil price forecasts as Strait of Hormuz shipments recover (OCBC)
OCBC Group Research has lowered its quarterly Brent crude price forecasts through the second quarter of 2027, citing improving shipping activity through the Strait of Hormuz and renewed expectations of abundant global oil supplies. The revised outlook reflects the bank’s view that easing supply disruptions have shifted market attention back towards the risk of oversupply.…
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Tesla beats delivery forecasts with 480,126 vehicles delivered in second quarter (TSLA)
Deliveries outperform market expectations Tesla (NASDAQ:TSLA) reported second-quarter 2026 vehicle deliveries of 480,126 units, comfortably exceeding analyst expectations of 406,024 vehicles. The electric vehicle maker also produced 451,758 vehicles during the quarter, according to a company statement. Model 3 and Model Y continue to dominate sales The vast majority of Tesla’s deliveries came from its…
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Equity Metals Gains Attention Following Optimo Research Coverage Highlighting Silver Queen Upside
As investor interest continues to intensify across the silver exploration sector, Equity Metals Corporation (TSXV:EQTY) (USOTC:EQMEF)(FSE:EGSD) is emerging as a closely watched name following a recent bullish initiation from Optimo Research, which assigns a $0.93 price target based on the company’s growth potential at its flagship Silver Queen project in British Columbia. The research coverage…
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Apple reportedly plans major iPhone expansion with five new models through 2027 (AAPL)
Apple (NASDAQ:AAPL) is preparing one of its most significant iPhone product rollouts in years, with plans to introduce at least five new models between the second half of 2026 and the first half of 2027, according to a report from Nikkei Asia. Apple shares rose 0.9% in premarket trading on Thursday following the report. Foldable…
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Adobe gains after HSBC upgrades stock, says AI concerns are overstated (ADBE)
Adobe Systems Incorporated (NASDAQ:ADBE) moved higher in premarket trading on Thursday after HSBC upgraded the software company to Buy from Hold, arguing that investor concerns over the impact of generative artificial intelligence on Adobe’s business have become overly pessimistic. Adobe shares rose 1.8% to $214.85 before the opening bell following the broker’s revised recommendation. HSBC…
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Nvidia launches revenue-sharing model to help AI startups access computing power (NVDA)
Nvidia (NASDAQ:NVDA) has unveiled a new initiative designed to help artificial intelligence startups gain access to high-performance computing infrastructure through a revenue-sharing and credit-support model. New partnership structure targets AI infrastructure costs Under the programme, AI cloud providers will deliver cloud services powered by Nvidia technology, allowing the chipmaker to generate revenue from hardware sales…
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U.S. jobs report takes centre stage as markets trade cautiously: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures moved lower on Thursday as investors adopted a cautious stance ahead of the closely watched U.S. employment report, while easing oil prices and renewed weakness in semiconductor stocks also influenced market sentiment. The monthly non-farm payrolls report is expected to provide fresh clues on the Federal Reserve’s next interest rate decisions, making…
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Stocks Slip to Start the Third Quarter as Fed Chair Warsh Offers No New Clues
U.S. stocks closed lower on Wednesday, giving back an early rally as investors weighed soft private-sector hiring data and a lack of fresh guidance from Federal Reserve Chair Kevin Warsh on the path of interest rates. The pullback came a day after major indexes wrapped up their strongest quarter since 2020, and traders spent the…