Ron Haruni

United States

Co-Founder and Editor-in-Chief at Wall Street Pit

Breaking news and analysis from Wall Street Pit. Stock market, economy, politics, technology, science, health and world news.

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Articles

Apple, Super Micro and Nvidia Soar as Tariff Exemptions Spark Premarket Rally

1 week ago | wallstreetpit.com | Ron Haruni

Apple (AAPL) surged nearly 7% to $211.49, Dell (DELL) rose 7.84% to $88.35, Nvidia (NVDA) gained 3.42% to $114.72, Super Micro Computer (SMCI) jumped over 6% to $35.20, and Tesla increased 2.4% to $258.35 in premarket trading after U.S. tariff exemptions for electronics like smartphones and chips.
Wall Street 2.0: The Tokenization of Everything Has Begun

1 week ago | wallstreetpit.com | Ron Haruni

Larry Fink envisions tokenizing all assets on a blockchain, enabling instant trading and settlement in seconds, potentially unlocking billions for reinvestment. A major obstacle is the lack of a coordinated digital identity verification system, with cybersecurity challenges like fraud prevention, scalability, and interoperability critical to overcome. Tokenization could enhance liquidity and access but requires robust regulatory frameworks and privacy safeguards to ensure secure, global adoption.
Trump’s Move Just Changed Everything for Ripple

1 week ago | wallstreetpit.com | Ron Haruni

Ripple CEO Brad Garlinghouse announced an agreement with SEC staff to dismiss the lawsuit, pending commission approval, allowing Ripple to reclaim most of a $125 million escrow fund, with $50 million going to the SEC. Garlinghouse praised the Trump administration’s pro-crypto stance, highlighting Ripple’s $1.25 billion acquisition of Hidden Road and optimism for stablecoin and market structure legislation to foster domestic industry growth.
Dow Futures Plunge 640 Points as Stocks Brace for Pullback After Historic Rally

2 weeks ago | wallstreetpit.com | Ron Haruni

Stock futures dropped sharply on Thursday, with Dow futures falling 641 points (1.57%) to 40,195.00, S&P 500 futures declining 85.75 points (1.56%) to 5,405.25, and Nasdaq-100 futures losing 474.75 points (2.46%) to 18,814.00, led by Apple and Tesla’s premarket declines of over 3.84% and 3.49%.
Dow Futures Plunges 800+ Points as China Retaliates Against Trump Tariffs

2 weeks ago | wallstreetpit.com | Ron Haruni

China’s 84% tariff on U.S. goods and the U.S.’s 104% tariff on Chinese imports have escalated global trade tensions, causing Dow Jones Industrial Average futures to drop 843. points, or 2.23%, with S&P 500 and Nasdaq-100 futures falling 1.15% and 0.7%, respectively. Major U.S. companies like Nvidia, trading at $96, Apple at $169.58 with a 1.65% decline, and Tesla at $220.96 are reflecting market strain, compounded by Canada’s 25% retaliatory tariff on U.S.-made vehicles.
Cramer: Recession? Maybe. Collapse? No Chance.

2 weeks ago | wallstreetpit.com | Ron Haruni

Jim Cramer advised investors to stay calm amid tariff-induced market volatility, arguing the 15% downturn is a one-off event tied to Trump’s high tariffs, not a systemic crisis like 2008, as U.S. institutions remain strong despite recession risks. He noted that historical 15% declines typically signal a buying opportunity rather than a sell-off, with the current drop driven by policy rather than leverage or Fed tightening, suggesting the worst may be over.
BlackRock’s Fear: Are We Headed for Another 20% Crash?

2 weeks ago | wallstreetpit.com | Ron Haruni

BlackRock CEO Larry Fink, in a Bloomberg interview at The Economic Club of New York, described the 20% U.S. equity selloff over three days as a buying opportunity, citing the firm’s 37-year focus on long-termism despite tariff-related economic ripples. Managing $11 trillion across 106 countries, Fink emphasized BlackRock’s approach of blending global capital flow insights with local client connections, noting a surge in client conversations akin to March 2020 levels.
S&P 500 on the Brink: Tariffs and Rates Fuel a Stormy Forecast

2 weeks ago | wallstreetpit.com | Ron Haruni

Morgan Stanley (MS) warns of a potential S&P 500 (^GSPC) drop to 4,700, a 7%-8% decline from its Friday close of 5,074, driven by Trump’s tariff agenda and the Federal Reserve’s steady interest rate policy, following a 9% plunge last week.
Magnificent 7 Meltdown: Nvidia, Apple, Tesla Lead Market Rout

2 weeks ago | wallstreetpit.com | Ron Haruni

Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), and Meta (META) led a sharp decline in the “Magnificent Seven” tech stocks, with losses of 9%, 12%, 8%, and 6% respectively, as an escalating U.S.-China trade war, marked by 54% tariffs on Chinese imports, triggered widespread selling on Wall Street.
This Options Signal Could Reveal the Market’s Bottom

2 weeks ago | wallstreetpit.com | Ron Haruni

Jeff Jacobson from 22V Research suggests that a market bottom could be near when investors start overpaying for puts relative to calls, signaling panic and selling exhaustion. Despite an elevated VIX at 37 or 40, Jacobson notes that calls have been pricier than puts recently, reflecting fears of missing a rebound rather than widespread capitulation.