Latest Market News
PetMed Express Inc. PETS, +6.05% says its fiscal fourth-quarter sales suffered from a slow start to the flea-and-tick season, but the company expects that part of the business to bounce back as the warm weather sets in. “[A] cooler March in much of the country delayed the start of the flea-and-tick season, a season which […]
Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price bounces at $29,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD plumbing lows of $29,731 on Bitstamp. The first trip under the $30,000 mark […]
Stocks opened higher Tuesday, attempting to bounce a day after a selloff took the S&P 500 to its lowest close since March 31, 2021. The Dow Jones Industrial Average DJIA, +0.20% jumped 481 points, or 1.5%, after rising more than 500 points in the opening minutes. The S&P 500 SPX, +0.39% jumped 1.9% to 4,066, […]
The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff. 7312 Total views 51 Total shares As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major […]
The SPDR S&P Biotech ETF XBI, -8.21% closed at a five-year low of $64.37 on Monday as U.S. stocks plunged on concerns about continued inflation and the threat of weaker growth. The last time the price for the biotech ETF was down this low was in December 2018. “A combination of clinical and regulatory setbacks, […]
Tesla Shares Fall Lower Again This Week Tesla shares continue to plunge lower this week. The company has undergone a sharp shift in sentiment since the test of 1142.17 highs with shares having now dropped by over 30% since that latest peak, currently sitting on support at the 777.11 level. News of Elon Musk’s purchase […]