A single failed trial can undo years of work in one trading session, and Ionis Pharmaceuticals (IONS) just went through both consecutively. Ionis Pharmaceuticals lost nearly a quarter of its value on July 9 after its heart drug Wainua failed to meet the primary goal of a late-stage trial. The next day brought a second
Tesla investors who have bet on Elon Musk and his electric vehicle company have been rewarded for their faith time and again. The stock seems immune to prolonged downturns, even when Tesla (TSLA) fails to deliver on one of Musk’s grandiose promises. And when he does deliver, the stock also pushes higher. But one of
I have been tracking SanDisk’s numbers. It’s one of my favourites. Why? Its performance, and the reason behind the big numbers. And the numbers keep doing something unusual for sure. They keep getting bigger than the already-big numbers that preceded them. If you didn’t know, SanDisk (SNDK) is the top-performing S&P 500 stock in 2026,
The Kospi Index is stuck in a local bear market after falling 21% from its year-to-date high. It ended the week at 7,475, down sharply from the year-to-date high of 9,387. This article highlights some of the top catalysts for South Korean stocks this week. Kospi Index chart | Source: TradingView Kospi Index to react
The S&P 500 Index continued rising and neared its all-time high on Friday as some big tech companies like Nvidia and AMD rebounded. It ended the week at 7,575, with its perpetual futures on Hyperliquid ticking downwards today. This article explains some of the top catalysts for the SPX Index and key ETFs like VOO
Investors came into July expecting a familiar stock market setup leaning on resilient earnings and AI spending, along with a seasonal stretch favoring equities. Though Morgan Stanley doesn’t feel that setup has gone away, it warns of a much narrower margin for error. There’s a major $1.2 trillion question hanging over Big Tech’s AI buildout.
June was a brutal month for the Magnificent Seven. The group shed roughly $2.3 trillion in market value and is down more than 13% since mid-May. While memory chip makers and networking vendors supplying the AI buildout have outperformed, the hyperscalers writing the checks have taken the hit. Jim Cramer owns six of the seven
Advanced Micro Devices (AMD) bulls were expecting Wall Street to continue rewarding the stock following a momentous run spearheaded by AI demand, data-center expansion, and renewed confidence in the chipmaker’s roadmap. For perspective, according to Seeking Alpha, AMD has dramatically outperformed the broader market, surging 5.6% over the past week, 15% over the past month,
US stocks ended higher on Friday, with the S&P 500 closing just shy of a record high as enthusiasm around artificial intelligence and semiconductor stocks offset concerns over renewed tensions in the Middle East. Investors also turned their attention to the start of the second-quarter earnings season next week, when major US banks will begin
The US financial landscape is featuring a striking paradox in 2026. Wall Street is sprinting, with major indices flirting with record highs and extending a “multi-year” winning streak. Yet, step outside the trading floors, and Main Street tells a far more muted story. The broader US economy is expanding at a tepid pace, weighed down