On July 6, Cathie Wood was busy with her Ark empire, selling several positions and buying others. One particularly notable trade reported on the day was Advanced Micro Devices (NASDAQ: AMD).
Through Ark Innovation, Wood sold over 15,000 shares of AMD, which were valued at more than $8 million.
» Read more about: Cathie Wood Sold $8 Million of AMD Stock in a Single Day »
The U.S. began fresh strikes on Iran on Wednesday, retaliating to Tehran’s attacks in the Strait of Hormuz.
Earlier, U.S. President Donald Trump had indicated that he may not be looking at negotiating a deal with Iran after the latest tensions in the Strait.
PETALING JAYA: Utilities-related stocks are expected to continue doing well as their businesses benefit from higher energy demand supported by data centres (DCs), a rise in electricity tariffs in Peninsular Malaysia and the ongoing expansion of renewable energy (RE) infrastructure.
Analysts from Kenanga Research and UOB Kay Hian (UOBKH) Research have maintained an “overweight” stance on these stocks,
» Read more about: Demand for energy to power utilities stocks »
The US stock market showcased a broadly mixed reaction to the FOMC minutes and new tensions betweethe Nasdaqnd Iran. Overnight, the Dow Jones collapsed almost 600 points and the S&P 500 index followed the bearish trend, but the tech-heavy index, Nasdaq Composite, surged owing to fresh buying in chip stocks. FOMC minutes indicate a split in opinions of Fed members regarding interest rates.
Rumors that Michael Burry may be shorting Palantir caused a sell-off today.
The rumors have not been confirmed.
Palantir doesn’t look very much like other “AI stocks.”
Palantir Technologies (NASDAQ: PLTR) stock tumbled 4% through 12:45 p.m.
» Read more about: Why Palantir Technologies Stock Just Dropped »
He feels it has upside approaching 60%.
In his view, recent selloffs have made it an obvious bargain.
IMAX (NYSE: IMAX) stock was something of a star entertainer on Hump Day. The large-format cinema company posted a relatively large gain that trading session;
» Read more about: Why IMAX Stock Trounced the Market Today »
As we prepare to mark the 250th anniversary of the United States, we are taking a look back at some of the defining moments that shaped the American economy and how the choices made throughout our history shape the economy we live in now.
» Read more about: A timeline: 250 years of the U.S. economy »
A number of stocks jumped in the afternoon session after President Trump declared the Iran ceasefire “over” and threatened fresh strikes, sending oil prices sharply higher and lifting the broad energy complex.
Oilfield services firms (the companies that supply rigs, fracking crews,
US stock futures pointed to another weak start on Wednesday, 8 July, as crude oil prices resumed their rally amid renewed tensions in the Middle East, further weighing on market sentiment that had already been dented by a sell-off in chip stocks.
Futures tied to the S&P 500 fell 0.8%,
US markets on Wall Street had a mixed session on Wednesday, July 8, where all indices began the trading session with losses, but the Nasdaq ended the session with gains.
The Dow Jones, at the day’s low, was down nearly 850 points, but recovered some of those losses before close, to end the session with losses of 570 points.
