UBS Global Wealth Management reduced its 2026 S&P 500 target on Monday, citing elevated energy costs stemming from the ongoing conflict in the Middle East. The analysts expect the conflict to weigh on US economic growth and inflation. In its report dated April 6, 2026, UBS cut its year-end S&P 500 target to 7,500 from
Broadcom stock price has crashed into a technical bear market after falling by over 24% from its highest point in December last year. AVGO dropped to 314, with its market capitalisation dropping from over $1.9 trillion to $1.5 trillion. So, will the new deal with Anthropic fuel its comeback? Broadcom inks major deal with Anthropic
The Virgin Galactic stock price has rebounded this week and is hovering at its highest point since January 28. It has soared by 45% from its lowest point this year, bringing the market capitalisation to $250 million. Top reasons why the Virgin Galactic stock has soared The SPCE stock has soared in the past few
Shares of major US health insurers jumped in premarket trading on Tuesday following the government’s announcement of a larger-than-expected increase in 2027 payment rates for Medicare Advantage plans. Insurance giant UnitedHealth led the rally, climbing 6.9%, while CVS Health, Elevance Health, Centene , and Molina Healthcare rose between 3.6% and 6%. Notably, Humana surged 10.7%,
Big Tech stocks, which have come under sustained pressure in recent months, may be entering a more attractive phase for investors as valuations reset and geopolitical tensions reshape market dynamics, according to analysts at Goldman Sachs. The sector’s sharp pullback, exacerbated by the ongoing Iran conflict, has led to a reassessment of growth expectations and
Wall Street’s main indexes opened lower on Tuesday as investors assessed escalating tensions between the United States and Iran ahead of President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz. The Dow Jones Industrial Average was down 214 points, or 0.46%, while the S&P 500 index fell 0.42% and the Nasdaq 100
Novo Nordisk announced on Tuesday that it is making a higher-dose version of its popular weight-loss medication, Wegovy, available across the United States. The new 7.2-milligram dose, branded as Wegovy HD, was recently approved under the FDA Commissioner’s National Priority Review Voucher program last month, marking a significant development in obesity treatment options. Before this
The Dow Jones Index has pulled back in the past few weeks, moving from the year-to-date high of $50,485 to the current $46,500. This retreat has coincided with the ongoing Fear and Greed Index retreat to the extreme fear zone of 16. This article explores some of the top movers in the index. Nike stock
The Nifty 50 Index remained in a correction on Monday as the risks to the Indian economy continued. It dropped to INR 22,678, down by nearly 14% from its highest point this year, and technicals suggest that it has more downside in the near term as the Iran war and bank crisis continue. Indian stocks
The Nasdaq Index is having a difficult year amid concerns about the ongoing US-Iran war and the private credit industry. It has retreated by over 8% from its highest point this year. This article explores some of the top gainers and laggards this year. Memory chip companies are the top gainers in the Nasdaq 100