Crude oil prices extended their losing streak in early trading on Friday, August 8, 2025, as a combination of weak demand expectations, increased supply forecasts, and easing geopolitical tensions weighed on the market.
Palantir surged 6% after strong Q2 earnings, surpassing $1B in revenue. Fueled by AI growth and a potential $10B U.S. Army deal, the company raised its 2025 forecast, boosting its market cap to approximately $380 billion.
Copper futures pulled back modestly from record highs after the sharp rally triggered by looming U.S. import tariffs. Prices jumped following President Trump’s announcement on July 9 of a 50% copper import tariff, set to take effect August 1.
An Abandoned Baby Pattern (bearish reversal) has formed in AMD. It’s not quite a perfect instance of the pattern as the middle candle is not a doji. Let’s see if the bears can force the price down to the prior high of around $148.
Tesla (NASDAQ:TSLA) shares continued their slump on Tuesday after President Donald Trump suggested on Truth Social that the Department of Government Efficiency (DOGE) should investigate cutting federal subsidies that benefit Elon Musk’s companies.