Shares of SanDisk (SNDK) extended their steep decline, falling more than 11% amid heavy selling pressure. Technical indicators show the stock is now deeply oversold, creating a divergence between short-term bearish momentum and its longer-term uptrend.
Silver prices and mining stocks fell as rising U.S.-Iran tensions stoked inflation fears, leading traders to increase bets on a Federal Reserve interest rate hike in September.
Shares of Salesforce (CRM) have fallen over 35% year-to-date, making it the worst-performing component of the Dow Jones Industrial Average amid growing concerns over its flagship AI product and a series of analyst downgrades.
The annual U.S. inflation rate cooled to 3.5% in June, but the data was overshadowed by a cumulative 28.5% price increase since 2020 and signs that the slowdown may be temporary, keeping Federal Reserve rate hikes on the table.
The U.S. wireless carrier announced it will sell a significant portion of its company-owned retail locations and reduce its corporate headcount, a move affecting approximately 3,000 employees.
SpaceX faces a significant liquidity event as a lockup agreement on approximately $123 billion worth of shares is set to expire following its first quarterly report, creating potential selling pressure on the stock.
A regulatory filing by Anhui Korrun has revealed an indirect investment that places the valuation of low-profile AI startup DeepSeek at approximately $51.82 billion. The disclosure provides a rare public data point on the company's first external fundraising round.
Data center operator Csquare Inc. allocated fewer shares than requested to institutional investors in its $1.05 billion IPO, with the offering being heavily concentrated among a few large buyers after affiliates of Brookfield Corp. secured nearly a quarter of the deal.
The Moroccan All Shares index declined 0.52% at Thursday's close, hitting its lowest point in a month as losses in the banking, utilities, and mining sectors weighed on the market.
