Market News

Market

Dow Jones Climbs 140 Points Despite Q1 GDP Decline and Slow Job Growth

US markets ended higher with the Dow Jones up by 140 points, overcoming early losses from a Q1 GDP decline and slow job growth. A late rally, driven by earnings anticipation, rever...

Market

Supermicro's Stock Plummets 20% Amid Cooling AI Demand and Rising Costs Crisis

Super Micro Computer Inc. faces a nearly 20% stock drop after slashing Q3 forecasts, citing delayed orders and higher costs. Revenue now expected between $4.5B-$4.6B, down from $5B...

Market

US Crude Oil Inventories See Significant Drop: A 2.7M Barrel Decrease Sparks Market Interest

The EIA reports a 2.7M barrel decrease in US crude oil inventories, with refinery inputs up and gasoline production down. Crude imports fell slightly, while total petroleum invento...

Market

Tech Giants' Earnings in Focus: US Futures Hold Steady Amid Anticipation

US stock futures remain flat as investors await earnings from major tech companies like Meta and Microsoft, alongside key economic indicators including GDP estimates and employment...

Market

Oil Prices Tumble Over 1% Amid Growing Fears of a Global Recession

Oil prices fell by more than 1% as recession fears grow, driven by a drop in U.S. consumer confidence and fewer job openings than expected. U.S. oil inventories also rose, raising ...

Market

Supermicro's Stock Plummets 20% Amid Cooling AI Demand and Rising Operational Costs

Super Micro Computer Inc. (SMCI) shares fell sharply after the company lowered its Q3 revenue and earnings forecasts, citing delayed customer orders and higher costs. The stock dro...

Market

US Crude Oil Inventories Experience a Significant Drop: What Does This Mean for the Market?

The Energy Information Administration reports a 2.7 million barrel drop in US commercial crude oil inventories to 440.4 million barrels for the week ending April 25, alongside chan...

Market

Oil Prices Plunge Over 4% Amid Fears of Global Economic Slowdown

Oil prices fell more than 4% due to economic uncertainty from US-China trade tensions and a 0.3% drop in US GDP, raising global demand concerns.