Stocks Category

June 18, 2024
Nvidia Overtakes Apple in $71 Billion ETF Reshuffle

Nvidia Overtakes Apple in $71 Billion ETF Reshuffle One of the most significant technology ETFs, the $71 billion Technology Select Sector SPDR Fund (XLK), managed by State Street Global Advisors, is expected to undergo a major rebalancing that will significantly increase its exposure to Nvidia Corp. (NVDA) at the expense of Apple Inc. (AAPL). This

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June 11, 2024
Chinese Stocks Fall Amid Economic Worries

Chinese Stocks Fall Amid Economic Worries Chinese stocks fell sharply following a long weekend, with negative developments dampening market sentiment. The CSI 300 Index of mainland shares declined by as much as 1.4% after the markets reopened post the Dragon Boat Festival holiday. In Hong Kong, the index of Chinese shares was one of Asia’s

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June 6, 2024
Indian Stocks Expected to Open Marginally Up as Modi Heads Towards Third Term

Indian Stocks Expected to Open Marginally Up as Modi Heads Towards Third Term Indian shares were poised for a slight increase at Thursday’s opening, following a notable rally in the previous session that marked the largest gain in over three years. This optimism comes as Prime Minister Narendra Modi is anticipated to secure a third

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June 4, 2024
Asian Stocks Fall; India’s Index Plunges 8%

Asian Stocks Fall; India’s Index Plunges 8% Asian shares declined on Tuesday, with significant movement seen in India’s Sensex, which plunged by up to 8%. The sharp decline came as investors opted to sell shares and secure profits following exit polls that favored Prime Minister Narendra Modi for a third term. By mid-afternoon, the Sensex

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May 30, 2024
European Futures Decline Amidst Rising Yields and Market Downturn

European Futures Decline Amidst Rising Yields and Market Downturn European stock markets appeared poised to mirror the declines seen in Asia, as rising US Treasury yields near this year’s peak continued to restrain risk appetite among investors. The Euro Stoxx 50 futures fell by 0.4%, reflecting a similar downturn in US equity futures. The MSCI

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