US stocks fell sharply on Friday as rising Treasury yields, surging oil prices, and fading enthusiasm surrounding artificial intelligence stocks pressured markets following weeks of record-setting gains. The Dow Jones Industrial Average dropped roughly 537 points, or about 1.1%, while the S&P 500 lost approximately 1.2%. The Nasdaq Composite declined about 1.5% as technology and
Indian capital market stocks have emerged as one of the strongest-performing pockets of the market over the past year. The muted benchmark index performance has done nothing to limit the rally. At the time of writing, while the Nifty 50 has declined by 5.66% over the last year, the Nifty Capital Market index surged nearly
Shares of Figma rose about 9% in premarket trading on Friday after the design software company raised its annual revenue forecast, signaling that growing adoption of its artificial intelligence tools is helping drive customer expansion and higher spending across its platform. The company said it now expects fiscal 2026 revenue between $1.42 billion and $1.43
Shares of Magnum Ice Cream Company (NYSE: MICC) surged 18% on Friday after a Reuters report said private equity firms, including Blackstone and Clayton, Dubilier & Rice, were in the early stages of exploring a potential bid for the recently spun-off ice cream maker. The rally comes only six months after the company separated from
UK shares fell on Friday as investors reacted to escalating political uncertainty over Prime Minister Keir Starmer’s leadership and renewed inflation risks from rising oil prices. The benchmark FTSE 100 fell 1.20% by 10:58 am GMT, while the midcap FTSE 250 dropped 1.22%. Investor sentiment weakened after Andy Burnham announced his intention to contest a
The iShares US 20+ Year Treasury Bond ETF (TLT) slumped to its lowest level since July 2025 as long-term US government bond yields surged to a 19-year high this week. TLT also plunged as it suffered the biggest weekly outflows in years. It has now plunged by 8% from its highest point in October last
The Roundhill Memory ETF (DRAM) has become the hottest fund in the United States this year. Launched in April, it has surged by over 80% and attracted nearly $10 billion in assets under management (AUM). It has had inflows in each week since its launch as investors piled into the top gainers in the stock
Shares of Gemini Space Station surged more than 20% in premarket trading on Friday after the cryptocurrency exchange reported a smaller-than-expected quarterly loss and announced a $100 million investment from its founders. The New York-based company’s shares, which were priced at $28 during its initial public offering, closed at $5.26 on Thursday before rallying in
POET Technologies stock price has gone parabolic this year, making it one of the top gainers as the artificial intelligence boom continues. It jumped to $20 on Thursday, up by 315% from its lowest point this year. POET jumped after a major $500 million partnership The stock soared on Thursday after the company inked a
Billionaire investor Bill Ackman revealed Friday that Pershing Square has built a new position in Microsoft. He argued that recent weakness in the software giant’s stock has created an attractive long-term investment opportunity despite growing concerns over artificial intelligence competition and heavy spending. Ackman disclosed the investment in a post on social media platform X,