Today: 4 July 2026

Gold surges after brutal selloff as Wall Street banks tell investors to ‘buy the dip’

Gold surges after brutal selloff as Wall Street banks tell investors to ‘buy the dip’

Gold jumped over 5% on Tuesday, marking its biggest daily rally since November 2008 after two days of heavy losses. Spot gold soared 5.8% to $4,935.56 an ounce by 0818 GMT. Silver shot up 10%, while April U.S. gold futures climbed 6.6%. The metal had tumbled to $4,403.24 on Monday, coming off a peak of $5,594.82 just two sessions earlier. Meanwhile, the U.S. government’s partial shutdown delayed this week’s jobs report. This move is significant since the plunge came swiftly enough to shake gold’s usual “safe haven” reputation. It also revealed just how much of the rally was fueled by leverage — borrowed funds that can trigger forced selling once prices falter.
3 February 2026
···
Hang Seng ends higher but tech slips: HSBC hits a new high as Tencent drags Hong Kong stocks

Hang Seng ends higher but tech slips: HSBC hits a new high as Tencent drags Hong Kong stocks

Hong Kong shares ended Tuesday slightly higher, buoyed by gains in banks that offset a late pullback in major tech stocks. The Hang Seng Index rose 0.2% to 26,834. The Hang Seng Tech Index dropped 1.1%, with HSBC Holdings climbing 3.1% while Tencent slid 2.9%, according to AAStocks data. The subdued close followed a 2.2% drop in the Hang Seng Index to 26,775.57, marking its sharpest single-day decline since Nov. 21. Miners and telecom stocks weighed heavily, dragging down sentiment as risk appetite waned, according to the South China Morning Post.
3 February 2026
···
Venezuela oil exports jump, but Exxon Mobil and Chevron still won’t bet big

Venezuela oil exports jump, but Exxon Mobil and Chevron still won’t bet big

Venezuela’s oil exports jumped to roughly 800,000 barrels per day in January, up from 498,000 bpd in December, according to shipping data. The rise follows the U.S. lifting its blockade, allowing traders to resume crude and fuel shipments. https://www.reuters.com/business/energy/venezuelas-oil-exports-bounce-800000-bpd-january-under-us-control-shipping-data-2026-02-02/ President Donald Trump has highlighted the spike as proof his administration can revive Venezuelan exports while maintaining strict control over the trade. He has declared that the U.S. plans to oversee Venezuela’s oil sales and revenues indefinitely.
3 February 2026
···
1 … 582 583 584 585 586 … 2,137

Stock Market Today

  • Ares Management (ARES) Runs Up, Now Looks Fair by Value Model but Pricey on Earnings
    July 3, 2026, 8:25 PM EDT. Ares Management (ARES) is up 113.7% over five years but off 31.9% for the past year. The Excess Returns model spots intrinsic value at $107.47, just under market, so shares look near fair value, though about 8.8% over. The estimate includes growth pushes such as the Asia Direct Lending Fund, with a 27.31% return on equity forecast. On earnings multiples, though, ARES screens as expensive. Moves in sentiment on private credit and BDC valuations can swing the stock price. Shares now trade in the top end of fundamental support, so investors are watching if growth keeps up with these numbers.
Go toTop