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S&P 500, Dow Futures Rise Despite Big Tech Losses and Hot Inflation; AAPL, MSFT, BABA in Focus
U.S. stock market futures edged higher on June 27, 2026, even as major technology stocks faced renewed selling pressure and fresh inflation data came in hotter-than-expected. The surprising market resilience has shifted investors’ attention to whether the broader rally can continue despite concerns over interest rates. At the center of the action are Apple (AAPL),…
Nike Inc (NYSE: NKE) Stock Drops Ahead of Q4 Earnings as Surprise CFO Change Raises Turnaround Questions
Nike Inc chose the worst possible timing for a leadership change. Nike Inc (NYSE: NKE) announced on June 23, 2026, that CFO Matthew Friend will step down effective August 17, to be replaced by David M. Denton as incoming Chief Financial Officer. NKE traded near $45.20 as of June 15, already 44% below its 52-week…
New Zealand shares -0.26% S&P/NZX 50 Index, Nvidia -4%, AMD -6% Nasdaq Composite -2%, S&P 500 -1%
Global markets faced fresh pressure on June 24, 2026, as a sharp selloff in semiconductor stocks rattled investor sentiment. NVIDIA fell around 4%, while AMD dropped nearly 6%, dragging the Nasdaq Composite down about 2% and the S&P 500 lower by 1%. The weakness also spread to Asia, with New Zealand’s S&P/NZX 50 Index slipping…
SpaceX Shares Plunge 31% From Post-IPO Peak, Fall Over 16% in One Day Despite Raising $85 Billion in Landmark Listing
SpaceX has witnessed a sharp reversal in investor sentiment just days after completing the largest IPO in market history. After soaring following its Nasdaq debut, the stock has now fallen about 31% from its post IPO peak and dropped more than 16% in a single trading session, erasing a large portion of its early gains….
Qualcomm Inc (NASDAQ: QCOM) Loses 1.86% to $221.90 as AI Expansion Gains Momentum but Stock Faces Pressure
Qualcomm Inc (NASDAQ: QCOM) pulled back 1.86% to $221.90 on June 23, 2026, even as its AI and automotive expansion story grows more concrete by the quarter. The stock trades within a 52-week range of $121.99 to $259.92, reflecting a sharp recovery from lows but still well off its all-time closing high of $250.10 from…
Tesla Inc Shares (NASDAQ: TSLA) up +1.14% After Jefferies Lowers Target to $375 Amid SpaceX Merger Talk
Tesla Inc. shares climbed 1.14% after analysts at Jefferies lowered their price target to $375, drawing fresh attention to the company’s future growth path. The move comes as investors closely watch rising speculation about a possible Tesla-SpaceX merger, a topic that has sparked intense debate across Wall Street in June 2026. While some see major…
Oracle Cuts 21,000 Jobs as Workforce Falls to 141,000, AI-Driven Restructuring Trims 13% of Staff
Oracle’s workforce dropped to 141,000 employees in fiscal 2026 after the company reduced its headcount by about 21,000 workers, a decline of roughly 13%. The move comes as Oracle accelerates its investment in artificial intelligence, cloud services, and large-scale data centers. Announced in June 2026, the restructuring reflects a growing trend across the tech industry,…
Kunal Shah’s Biggest Win Yet? Meta’s $900 Million Move Raises New Questions
Kunal Shah has entered a new phase of his career after Meta announced a $900 million investment in CRED and appointed him as the new global leader of WhatsApp. The move is one of the biggest leadership changes in the technology sector this year. It not only strengthens Meta’s presence in India but also raises…
Robinhood (NASDAQ: HOOD) Shares Slide 4% After Unveiling $2 Billion Convertible Notes Offering Due 2029
Robinhood shares dropped roughly 4% on June 22, 2026, after the company announced a major capital raise before market open. Robinhood Markets, Inc. (NASDAQ: HOOD) intends to offer $2.0 billion in convertible senior notes due 2029 in a private placement to qualified institutional buyers under Rule 144A. Shares traded at $108.15 on June 22, within…