Dow Jones| Nasdaq | S&P 500 | US Stock Market Today | Live: US stocks slip as Iran tensions hit sentiment; chipmakers drop
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Federal Reserve Governor Christopher Waller signalled that interest rates may need to rise in the near term if inflation remains elevated. He warned that broadening price pressures and a potential surge in energy costs could delay progress toward the 2% target, keeping the Fed at a critical policy crossroads.
Gold prices saw a notable decline amidst rising tensions in the Middle East, driven by concerns over inflation linked to escalating oil prices. The prospect of an interest rate hike from the Federal Reserve in September is keeping traders on edge as they await crucial economic data releases this week. Prices for other precious metals…
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On Monday, stock markets dipped as rising oil prices intensified due to increasing tensions between the U.S. and Iran. This surge in oil costs exacerbated the ongoing decline in chip stocks, heavily weighing on the Nasdaq index. Investors are now tasked with weighing strong corporate earnings against escalating geopolitical uncertainties.
SK Hynix’s US-listed shares fell nearly 8% after a strong Nasdaq debut, as investors booked profits in AI-linked chip stocks. The decline triggered broader weakness across global semiconductor stocks, with sharp losses in Seoul and the US, reflecting growing concerns over valuations and sustainability of AI-driven demand.
Millworks Technologies has successfully garnered Rs 44 crore from its anchor investors ahead of its public offering set to commence on July fourteenth. This large-scale IPO, amounting to Rs 160.33 crore, will close on July sixteenth. Renowned for its precision components across multiple sectors, the firm plans to utilize the raised funds to bolster capital…
Fast-fashion powerhouse Shein is gearing up for an initial public offering in Hong Kong, aiming to secure between two to three billion dollars in funds. The company’s long-awaited entry into the public market has been greenlit by China’s securities regulator. With a targeted valuation between forty and fifty billion dollars, this listing comes after previous…
Mylan Inc plans to sell up to 92 million shares in Indian drugmaker Biocon Ltd, worth up to 34.81 billion Indian rupees ($363 million), according to a term sheet seen by Reuters.
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