The Daily

The Independent and Yahoo will earn a commission from purchases made via links in this article. Pricing and availability are subject to change.Wall Street experienced a significant downturn on Tuesday, primarily driven by a sharp decline in artificial intelligence (AI) stocks, a trend that rippled across global markets. Despite a majority of stocks within the S&P 500 seeing gains,

 » Read more about: Wall Street suffers major losses as AI stocks tumble and oil prices jump  »

Space Exploration Technologies (SPCX 6.72%) attracted a lot of buzz heading into what became the largest IPO in the stock market’s history. Elon Musk became the world’s first trillionaire, and some investors want to ride the momentum.While investor enthusiasm has helped the stock stay above its $135 IPO price, it’s down more than 30% from all-time highs,

 » Read more about: Should You Buy SpaceX Stock Right Now?  »

TABLE OF CONTENTSA young man is sits at a table with a laptop and a cup of coffee, checking stock market performance. Factors to determine index funds included low expense ratios, substantial AUM, broad diversification and strong track records.GettyIndex funds have long been one of the most beginner-friendly ways to put your money to work,

 » Read more about: 5 Best Index Funds For Beginners  »

Quick Read XRP ETF inflows have dropped from about $132 million in May to under $5 million so far in July, with no new money at all on two of the last three trading days. The slowdown is a market-wide pullback, not an XRP exit, as even Bitcoin’s ETFs lost billions over the same weeks.

 » Read more about: Are XRP ETFs Slowing Down as XRP Price Slips Below $1.10 Again?  »

When it comes to mutual funds, more isn’t necessarily better. While diversification is essential, owning too many schemes can result in repeated exposure to the same stocks and unnecessary complexity. So, how many mutual funds are actually enough to build a well-balanced portfolio? Experts say the answer is surprisingly simple.“If you’re just starting out with mutual funds,

 » Read more about: How many mutual funds should you own? Experts explain the right portfolio mix  »

Since mid-May, Cathie Wood’s Ark Invest has liquidated almost all of its position in Alibaba Group (NYSE: BABA). That included a $54 million sale of the Chinese e-commerce and artificial intelligence (AI) stock in a single day in late June. Wood, who is both the CEO and the public face of the company, has not publicly commented on this move,

 » Read more about: Cathie Wood Sold $54 Million of Alibaba Stock in a Single Day. Is Alibaba a Sell?  »

 » Read more about: How many mutual funds should you own? Experts explain the right portfolio mix  »

US stocks fell on Wednesday as oil surged after President Trump declared that the memorandum of understanding between the US and Iran was “over,” raising the likelihood of a re-escalation in the Middle East war.

The Dow Jones Industrial Average (^DJI) fell 1.2%, or more than 600 points,

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq fall as oil surges, Trump declares ceasefire 'over'  »

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Patterson-UTI (PTEN) been one of those stocks this year? By taking a look at the stock’s year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.

 » Read more about: Is PattersonUTI Energy (PTEN) Stock Outpacing Its Oils-Energy Peers This Year?  »

Seoul shares plummeted 5.4 percent Wednesday as technology stocks extended their losses and investors reassessed the outlook for artificial intelligence (AI) trade. The Korean won rose against the U.S. dollar.

After opening 2.7 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended losses to close down 409.52 points, or 5.4 percent,

 » Read more about: Seoul shares plummet 5.4 pct on extended tech losses  »