Trump Media stock rotates 4% lower after gaining in premarket. Donald John Trump was convicted of 34 felony counts for falsifying business records on Thursday. New York state jury was unanimous on all counts against former President. DJT stock support sits near $42 if shares fall out of $45 to $50 consolidation zone. Trump […]
Share: Mullen Automotive initiated a 1-for-9 reverse split that begins trading at new post-split price on August 11. MULN share price closed at $0.1130 on Thursday but opens Friday at post-split price. Mullen stock needs to remain above $1 for at least 10 consecutive trading sessions to remain in compliance with NASDAQ exchange […]
Share: S&P 500 added 0.69% last week but closed well off intra-week high. Last week set up a bearish evening star doji pattern on the S&P 500 daily chart. Nearly one-third of the S&P 500 reports earnings this week. FOMC meeting on Wednesday will end with decision on fed funds rate. Microsoft, Meta […]
Share: Mullen completes production of 350 Class-1 EV vans. On Thursday, Mullen also announced a new delivery van pilot program with the New York Power Authority. MULN stock gained 10.7% on Thursday. After lacking ignition at the beginning of the week, Mullen Automotive (MULN) stock has made a silent comeback in the second half. The […]
Share: The Dow Jones Industrial Average gained 2% last week. DJIA index retreats 0.2% on Wednesday morning. FOMC minutes for June 13-14 meeting arrive Wednesday afternoon. 35,500 remains the primary Dow target for bulls. US June jobs report out on Friday with 225K the consensus. The Dow Jones Industrial Average (DJIA) edged down […]
Share: Japan’s top currency diplomat Masato Kanda said early Tuesday that he is communicating with various countries including the US over currencies, per Reuters. It’s worth noting that Japan Chief Cabinet Secretary Hirokazu Matsuno and Finance Minister (FinMin) Shunichi Suzuki have also recently flagged concerns about the Asian major’s market intervention as the […]
Share: Nio gained 11.2% to close at $9.34 per share on Tuesday. NIO stock traded lower in six consecutive sessions before Tuesday’s pop. Hong Kong and Chinese stock markets both largely flat on Wednesday. Politician announces that Chinese economy will reach 5% growth rate in 2023. Nio (NIO), the Chinese electric vehicle (EV) […]
