Oil prices fell, with the U.S. benchmark touching a multi-week low after crude stockpiles in the world’s top petroleum producer and consumer rose more than expected last week. The White House reaffirmed Trump’s plan to impose 25% tariffs on imports from Canada and Mexico.
After a 1.9% dip during the last session, the Oil-Dollar pair closed with a 1.4% drop. The Ultimate Oscillator indicates an oversold market.
Support: 70.272 | Resistance: 75.102
Semiconductor stocks were a mixed bag, with European chip stocks rallying on strong earnings while U.S. stocks including Nvidia fell as investors continued to assess the potential threat from China’s low-cost DeepSeek artificial intelligence tool.
Semiconductor stocks were a mixed bag, with European chip stocks rallying on strong earnings while U.S. stocks including Nvidia fell as investors continued to assess the potential threat from China’s low-cost DeepSeek artificial intelligence tool.
Boeing said it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years. The $11.8-billion loss, due to problems at its major units, demonstrates the challenges facing CEO Kelly Ortberg in turning around the U.S. planemaker.
The U.S. dollar strengthened against the yen amid fresh tariff threats from the Trump administration and as concerns over of the emergence of a low-cost Chinese artificial intelligence model faded. Trump said he planned to impose tariffs on imported computer chips, pharmaceuticals and steel.
The last session saw the Dollar rise 0.5% against the Yen. The MACD’s is giving a negative signal.
Support: 153.8 | Resistance: 157.33
Short sellers of artificial intelligence-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China’s DeepSeek spooked Wall Street, with bets against Nvidia yielding record profits totaling more than $6 billion.
