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Nasdaq 100 holds bullish trend despite US-Iran tensions and profit-taking, supported by strong technicals.

Market News
08 May 2026
Seeking Alpha
View Source
Neutral
pluang ai news

The Nasdaq 100 index remains in a bullish trend despite short-term volatility caused by renewed US-Iran conflict and profit-taking by traders. The index stabilized above a key support level at 28,280, with market sentiment briefly shaken by conflict headlines but recovering as ceasefire hopes improved. Broad market participation and positive technical indicators suggest the potential for continued near-term gains. Investors should watch geopolitical developments closely as they influence risk appetite and market direction.

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RENK agrees to acquire UK-based David Brown Defence, boosting naval defense portfolio and future orders.

RENK agrees to acquire UK-based David Brown Defence, boosting naval defense portfolio and future orders.

RENK Group AG, through its subsidiary RENK GmbH, has signed a binding agreement to acquire David Brown Defence, a UK company specializing in high-precision gearboxes for naval and land defense. This acquisition will strengthen RENK's naval sector por...

Company Fundamentals
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1 hour ago
RENK Group acquires David Brown Defence to boost marine defense portfolio and secure future contracts.

RENK Group acquires David Brown Defence to boost marine defense portfolio and secure future contracts.

RENK Group AG, through its subsidiary RENK GmbH, has signed a binding agreement to acquire David Brown Defence, a UK-based company specializing in precision gearboxes for marine and land defense. This acquisition enhances RENK's marine sector portfol...

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1 hour ago
Crypto market faces sharp June correction amid macro uncertainty and institutional fund shifts.

Crypto market faces sharp June correction amid macro uncertainty and institutional fund shifts.

In June 2026, the cryptocurrency market experienced a significant correction driven by macroeconomic factors, with Bitcoin and Ethereum prices dropping over 20%. Institutional investors pulled approximately $4.5 billion from U.S. spot Bitcoin ETFs, m...

Market News
Bearish
1 hour ago
Bekaert repurchases 50,043 shares worth nearly €2M in latest buyback tranche

Bekaert repurchases 50,043 shares worth nearly €2M in latest buyback tranche

Bekaert continued its share buyback program from June 25 to July 1, 2026, repurchasing 50,043 shares at an average price of €39.50, totaling nearly €2 million. The company plans to cancel all repurchased shares, reducing outstanding shares and potent...

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1 hour ago
Sigenergy launches SigenStor Neo, an AI-powered home energy system for total energy independence.

Sigenergy launches SigenStor Neo, an AI-powered home energy system for total energy independence.

Sigenergy has introduced SigenStor Neo, a next-generation all-in-one residential energy storage system designed to provide complete energy independence. The system integrates five core components into one unit and supports dynamic electricity pricing...

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Bullish
2 hours ago
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