S&P 500 Falls 1.5% Tuesday. Chip Stocks Got Destroyed.
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Tuesday for S&P 500 was ugly. Memory chips led everything lower. Nasdaq dropped more than 2%. Then overnight futures started recovering. Here is the full picture. Tuesday Was a Bad…
Gold Falls Toward $4,100 as Rate Hike Fears Take Over.
Gold is supposed to be the place people run to when markets get scary. Tuesday it was falling alongside everything else. Rate expectations are the reason and they are winning…
SpaceX Loses $900 Billion in Stock Market Value.
Less than two weeks ago SpaceX was the hottest stock on Wall Street. Now it has given back nearly all the gains from after the IPO pop. Here is what…
Nasdaq Futures Down 2%, South Korea Market Crashes.
Asia woke up Tuesday in full panic mode. South Korea triggered a circuit breaker. Chip stocks got crushed. US futures followed everything lower. Not a good morning. South Korea Went…
Sandisk Stock Hits New Record. Up Nearly 5,000% in a Year.
Most stocks were dealing with Iran headline nerves Monday. Sandisk ignored all of it and hit another record. The memory chip story is doing a lot of heavy lifting right…
Bitcoin Back Above $64,000 Monday. Weekend Was Quiet.
Not much happened over the weekend for crypto. Bitcoin came back above $64,000 anyway. Now the focus shifts to Thursday and what inflation data says about where rates are heading.…
S&P 500 Futures Fall Monday. US-Iran Talks Ended Without a Deal.
Markets thought a deal was coming. It did not come. Futures are lower Monday morning and the optimism that built up over the past week is taking a hit. Futures…
Yen Slides Through 161.50. Japan Intervention Talk Is Back. Dollar Keeps the Pressure On.
Yen is getting close to territory that made Japan very uncomfortable last time. Officials are making noise. Traders are watching closely. US markets are closed Friday so currency markets could…
Dollar Hits One Year High. Fed Rate Hike Bets Are Growing.
Fed did not raise rates Wednesday. But what Warsh said after the meeting was enough. Dollar is now at its strongest level in over a year and rivals are feeling…
SpaceX Stock Falls for Second Day , Down 18%.
Stock Went up 20% on Friday. Up another 20% Monday. Then Wednesday and Thursday happened. SpaceX is finding out that what goes up fast can also come back down fast.…