The Philadelphia Semiconductor Index ($SOX) is captured via the popular Semiconductor Ishares ETF (SOXX) — and it just hit a major milestone. The Philly Semi Index recently crossed the 10,000 mark for the first time. That’s a milestone for sure. But at the same time, the underlying stocks in SOXX have an internal rift. Some…
Livingston-headquartered CoreWeave (CRWV) was in the spotlight on June 2 after BNP Paribas analysts led by Stefan Slowinski initiated coverage with an “Outperform” rating. “We view CRWV as one of the most strategically important firms within the artificial intelligence (AI) infrastructure ecosystem,” they told clients in a research note on Tuesday. More News from Barchart…
Alcoa (AA) shares rallied on June 2 as aluminum prices on the London Metal Exchange hit a four-year high as the Strait of Hormuz disruptions tightened supply. This single-day surge pushed AA’s relative strength index (RSI) into the mid-70s, indicating “overbought” conditions that often attract profit-takers. More News from Barchart Alcoa stock has been a…
The dollar index (DXY00) today is up by +0.23%. The dollar is moving higher today and is being supported by a +1% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the dollar. Gains in the dollar accelerated today on stronger-than-expected…
Old Dominion Freight Line saw further improvement in its operating metrics during May, as the less-than-truckload industry is now seeing a demand bump from the industrial economy. The Thomasville, North Carolina-based company reported a 12.3% year-over-year increase in revenue per day during the month. The result outpaced a previously reported 7.6% revenue increase in April….
The price dipped to an intraday low of $65,710 on June 3, 2026, falling over -6% in 24 hours due to significant spot ETF outflows estimated at $2.8Bn to $3.5Bn and a notable bitcoin sale by Strategy (NASDAQ:), a key corporate buyer since 2020. This pressure led to $1.8Bn in forced liquidations in one day,…
A few weeks ago, Bloom Energy (BE) walked up to the earnings table as a company half of Wall Street had written off as a cash-burning science project. It walked away as one of the most important names in the entire AI buildout. Here is what happened. Every tech giant on earth is racing to…
BTC falls to 65K, down 11% in 7 days Institutions offload BTC – BTC ETFs record 12 straight days of net outflows Capital rotates out of BTC into US AI and chip stocks Upcoming mega IPOs could drain capital further BTC technical analysis is extending its sell-off on Wednesday, dropping to 65,000, a two-month low….
Summary Earnings Obliterate Inflation Concerns: Our Monthly Survey of the Economy, Interest Rates, and Stocks In our base case 2026 economic and market outlook issued in December 2025, Argus forecast monthly nonfarm payrolls growth in the 50,000 range, S&P 500 continuing operations earnings growth in low-double-digit percentages, and headline inflation moderating to the 2.5% range…
Michael Saylor has long been known as the “Bitcoin Guy” to the public. Through public appearances, interviews, and MicroStrategy’s (NASDAQ:) pivot from enterprise software into accumulation, Saylor became one of the loudest corporate Bitcoin bulls in the market. That is why the latest sale caught attention. On Monday, June 1st, 2026, MicroStrategy sold 32 BTC….
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