Dell Technologies raised its annual profit forecast, signaling growing demand for its AI-powered servers that are equipped with Nvidia’s powerful chips, sending the computer hardware maker’s shares up 10% in extended trading.
GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin. The announced acquisition is GameStop’s first publicly acknowledged Bitcoin purchase since the company disclosed plans to move into Bitcoin investment in March.
Sterling was steady against the dollar, hovering near Monday’s three-year high, as it continued to be supported by favourable economic data last week as well as Britain’s recent trade deals.
The Pound-Dollar pair fell 0.3% in the last session. The Stochastic-RSI is giving a negative signal.
Support: 1.3362 | Resistance: 1.3581
Oil prices gained on supply concerns as OPEC+ agreed to leave their output policy unchanged and as the U.S. barred Chevron from exporting Venezuelan crude. Investors previously anticipated members of OPEC+ would agree to a production increase later this week.
The Oil-Dollar pair gained 0.6% in the last session after rising as much as 1.3% during the session. The Stochastic indicator is giving a positive signal.
Support: 58.912 | Resistance: 63.862
Wall Street surged as investor risk appetite was buoyed by Trump’s latest tariff respite and an unexpected jump in consumer confidence. A rally sent all three major U.S. stock indexes higher, with strength in the AI-related “magnificent seven” group of stocks putting Nasdaq out front.
Tesla’s sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region.
Tesla’s stock rose 6.4% following a 4.4% intra-session dip. The MACD’s is giving a negative signal.
Support: 335.77 | Resistance: 384.9
