Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
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Avis Budget stock dropped in morning trading after rival Hertz Global Holdings sharply reduced its second-quarter 2026 adjusted corporate EBITDA outlook to $50 million-$80 million and announced sizable capital raises. Hertz said May vehicle sale losses erased April gains, driving net depreciation per unit per month back toward roughly $300 — a key …
Wednesday's trading session produced notable divergences across market-cap tiers. Homebuilder and fintech names posted sizable gains, while several large-cap technology and storage companies retreated. Below are the largest movers organized by market-cap categories, with specific company moves and related news noted where available.
Rocket Companies rose sharply in morning trade after fresh housing-price data and an increase in refinance applications bolstered expectations for origination volumes. Technical relief from an oversold position and a still-positive analyst consensus added momentum, even as mortgage rates remain elevated.
Kalshi, the prediction market operator, is exploring the possibility of an initial public offering, CEO Tarek Mansour told CNBC’s Squawk Box. Mansour said the company is not planning to go public this year and explicitly stated an IPO will not occur in 2026. He described ongoing efforts to strengthen market integrity, including enhanced employer id…
Robinhood Markets shares fell sharply in morning trading after reports that Meta Platforms is building an internal prediction-markets app called 'Arena.' The move intensified pressure on Robinhood, which has been expanding into event-contract trading and sports betting, and came as the company is closing a $2 billion convertible note offering that …
IREN Ltd shares dropped 5.9% in morning trade to $51.49 as analysts continue to disagree sharply about the firm's transition away from Bitcoin mining toward AI cloud infrastructure. Price targets range from $36 to $100, reflecting divergent views on execution risk, valuation and the company’s ability to meet its $3.7 billion ARR goal amid hardware …
Strategy Inc shares tumbled nearly 6% to $97.67, hitting a new 52-week low, after analysts flagged a head-and-shoulders pattern on the monthly chart with key neckline support in the $100-$105 range. Criticism of the company's Bitcoin-focused treasury strategy intensified as researchers urged a pause to Bitcoin accumulation amid a 38% drop in cash r…
The S&P 500 energy index declined 2.45% on Wednesday as Brent and U.S. crude futures tumbled, with signs that additional oil tankers are preparing to move out of the Strait of Hormuz cited as a driver of the slide. Major integrated producers, independent explorers, oilfield services firms and refiners all recorded losses.
Apple engaging Intel to manufacture its chips resolves capacity pressures at TSMC but faces a lengthy timeline and execution risk. Industry analysts estimate two to three years for initial chip development and additional months to ramp to volume, with production possibly not affecting flagship devices until late 2027 or beyond. Intel’s track record…
Shares of Avis Budget Group Inc fell more than 6% on Wednesday following an earnings outlook reduction and financing announcements from rival Hertz Global Holdings Inc. Hertz trimmed its second-quarter 2026 adjusted corporate EBITDA forecast to $50 million-$80 million, cited softness in the used-car market and disclosed a $300 million private offer…
Barclays technology analysts have singled out nuclear operators and uranium producers among more than 400 firms they view as essential to an expanding digital and power infrastructure. The bank projects Western hyperscalers and AI labs could spend in excess of $1 trillion on AI infrastructure before a peak expected by 2028, driving demand for relia…
China’s National Audit Office disclosed its annual review to the national legislature, identifying tax avoidance and policy irregularities at Bank of China Ltd., improper farmland lending by Agricultural Bank of China Ltd., and governance weaknesses at China Everbright Group Ltd. The findings were presented by Hou Kai and published on the audit off…
Stitch Fix shares rose after the company expanded its AI-powered style visualization platform, Stitch Fix Vision, to include a self-image capability that lets clients generate personalized images of themselves wearing recommended outfits by uploading a selfie through the app. The enhancement integrates into the Freestyle experience and stores gener…
The U.S. Postal Service told lawmakers it is facing acute liquidity pressure and has begun borrowing from employee retirement accounts to sustain operations. The Postmaster General urged Congress to provide compensation for loss-making services and enact reforms to stabilize the agency, warning that operating funds could be exhausted within months …
BTIG initiated coverage of Take-Two Interactive with a Buy rating and a $290 price target, arguing that the launch of Grand Theft Auto VI on Nov. 19 will underpin a durable improvement in the publisher's earnings power. The firm models higher bookings and pro forma EPS for fiscal 2027 than both company guidance and visible consensus, and highlights…
X-Energy Inc (NASDAQ: XE) shares fell after Jefferies reduced its price target and adjusted earnings forecasts. The analyst cut the target to $22 from $30 while keeping a Hold rating, citing mark-to-market accounting changes, a lower valuation premium versus peers and growing competition. The stock has retreated roughly 30% over the past month, a m…
Shares of Sunrun surged 26.6% in morning trading following a joint framework with Tesla and Renew Home to deliver more than 16 gigawatts of flexible energy capacity to hyperscalers and utilities. The agreement pools hundreds of thousands of residential battery systems operated by Sunrun and Tesla with over 8 million smart thermostats and connected …
Short sellers have rapidly increased bets against SpaceX following a roughly 30% decline from its early trading peak. Ortex Technologies data shows short interest rose to 13% from 8% in one session, while borrow costs have fallen from levels seen at the start of trading.The company's limited public float and $2 trillion valuation make it both an at…
Online spending by U.S. shoppers hit $8.3 billion on the opening day of Amazon's Prime Day, a 5.3% rise from the same day last year, according to Adobe Analytics. The four-day event began on Tuesday, earlier than in prior years, and is pacing ahead of Adobe's projections for 2026. Adobe reaffirmed its $26.3 billion forecast for total online sales a…
Italgas stock fell 2.6% to €10.18, dragged lower after Equita downgraded the shares from Buy to Hold and flagged limited upside given current valuation and tender-related investment challenges. The downgrade, a trimmed 2032 EBITDA estimate and a risk-off tone across European equities combined to weigh on the stock amid an absence of immediate earni…
MoonLake Immunotherapeutics shares fell about 8% on Wednesday after the company set terms for a public equity offering that is expected to raise roughly $200 million in gross proceeds. The move includes a large tranche of Class A ordinary shares, an allocation of pre-funded warrants for select investors and a 30-day option for underwriters to buy a…
Ecolab's stock rose following a Citi initiation of a positive catalyst watch, with the bank highlighting an improving cost backdrop and pricing momentum heading into the back half of 2026. Citi cited expected declines in energy costs, the company's history of converting temporary surcharges into lasting price gains, and the anticipated close of the…
J.P. Morgan raised its 2026 year-end S&P 500 target to 7,800, citing robust earnings momentum linked to AI-driven investment and broadly resilient economic conditions. The bank also boosted its S&P 500 earnings-per-share forecasts to $350 for 2026 and $390 for 2027. While the call aligns with other brokerages increasing targets this month, strategi…
Shares of Principal Financial Group Inc (NASDAQ:PFG) fell after BofA Securities downgraded the stock to Underperform, citing expectations of slowing operating income growth and a notable expansion in valuation relative to peers. Piper Sandler separately raised its price target while keeping an Overweight rating.
Eleven commodity day traders have proposed donating £1 million ($1.32 million) to a government crisis fund and adopting procedural changes in exchange for the Financial Conduct Authority ending a three-year inquiry into possible competition breaches. The FCA said it provisionally considers the commitments suitable, while it seeks public feedback ah…
