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.
30,117 total articles
On June 11, SpaceX raised the $75 billion it sought in an initial public offering, selling shares at a fixed price of $135 and assigning the company a market value of $1.77 trillion. The transaction, the largest IPO on record, positions the space, satellite and AI-focused company among the world’s most valuable firms. Shares are scheduled to begin …
Amgen Inc. has contracted the Duke Clinical Research Institute to perform an independent reexamination of the clinical data supporting Tavneos, a rare-disease therapy facing potential removal from the U.S. market after regulators raised concerns that data submitted by the drug's former manufacturer may have been manipulated. Amgen plans to file the…
A bankruptcy administrator overseeing 23andMe's Chapter 11 case has proposed a $46.75 million distribution to victims of the 2023 data breach. The plan, filed in St. Louis bankruptcy court, reduces the new payout by $14.29 million previously paid and is $3.25 million below the upper limit the judge authorized in January. Court approval is required …
Fortune Brands Innovations Inc. saw its stock rise about 2% in after-hours trading after director Edward P. Garden purchased 320,067 shares on June 10 for roughly $13 million, according to a Form 4 filing with the Securities and Exchange Commission. The filing details the purchase price range, the ownership structure through Garden-controlled entit…
Mexico's stock market closed higher on Thursday, with the S&P/BMV IPC up 3.33% as gains in industrials, consumer goods and consumer staples supported the advance. America Movil led the index with an 8.05% jump to 23.90, while several commodity and financial names also contributed to the rally. Market breadth favored advancers over decliners and sel…
Colombian equities closed higher on Thursday, with the COLCAP index rising 3.90% to a new one-month high. Gains were concentrated in Industrials, Services and Agriculture sectors, led by Ecopetrol and Organizacion Terpel, while several financial and exchange-related issues posted steep declines. Commodities and currency moves accompanied the equity…
First Advantage Corporation saw its shares climb 3.7% in after-hours trading after S&P Dow Jones Indices said the company will be added to the S&P SmallCap 600. The stock will replace Kennedy-Wilson Holdings in the index effective prior to the opening of trading on Tuesday, June 16. The change follows a pending acquisition of Kennedy-Wilson by a co…
Russia's benchmark MOEX Russia Index closed lower on Thursday, slipping 0.29% to register a new six-month low. Losses were concentrated in the Mining, Power and Oil & Gas sectors, even as several individual names posted gains. Market breadth favored decliners and the Russian Volatility Index declined. Commodity moves were mixed, with gold rising sh…
U.S. Foods Inc. has been awarded a $166,967,289 firm-fixed-price contract with economic-price-adjustment by the U.S. Department of War to supply food and beverage items to the U.S. Navy. The contract, managed by the Defense Logistics Agency Troop Support in Philadelphia, is an indefinite-delivery/indefinite-quantity award with an ordering period th…
After-hours trading showed divergent moves across technology, retail and space-related equities. Adobe tumbled despite strong results after the unexpected announcement that its CFO will leave for Marvell. Marvell shares dipped as it confirmed the hire and kept its quarter outlook intact. RH ticked up after an upbeat quarterly result, while a group …
Lockheed Martin has received a $514.4 million modification from the U.S. Department of War to produce Space Vehicles 23 and 24, increasing the contract's cumulative face value to $4.68 billion. Work is to be carried out in Littleton, Colorado, with completion expected by Nov. 30, 2032, and fiscal 2026 procurement funds obligated at the time of awar…
RH reported first-quarter results that beat analyst expectations on both adjusted loss per share and revenue, despite ongoing tariff-related supply chain disruptions that raised backorder and special-order balances. The company lifted its fiscal 2026 guidance, citing stronger-than-expected performance and expected normalization of elevated balances…
S&P Global Ratings upgraded NVIDIA Corporation's long-term issuer credit rating from AA- to AA, citing surging demand for AI systems and the company's dominant position within the data center ecosystem. The agency projects substantial revenue and free cash flow expansion tied to NVIDIA's Blackwell GPU platform and its Rubin roadmap, while flagging …
Canadian equities closed higher on Thursday, with the S&P/TSX Composite advancing 1.52% as strength in Materials, Consumer Discretionary and Clean Technology stocks lifted the market. Trading breadth favored advancers, the S&P/TSX 60 VIX increased, gold futures moved sharply higher while crude and Brent oil fell. Major individual movers included do…
Brazil's Bovespa rose 1.71% at Thursday's close in Sao Paulo, driven by advances in the Real Estate, Consumer and Financials sectors. Midcap names Grupo Vamos, Petroreconcavo and Direcional Engenharia were the session's top performers, while Natura & Co, SLC Agricola and Prio paced declines. Market breadth favored advancers, with implied volatility…
U.S. equities finished higher on Thursday, with the Dow Jones Industrial Average rising 1.86% and the S&P 500 and Nasdaq also posting solid gains. Strength in Industrials, Basic Materials and Technology helped lift the market, while volatility dropped and commodity prices diverged, with gold rising and oil tumbling.
Aggregated Bank of America credit and debit card data analyzed by analyst Justin Post shows online spending rose 13% year-over-year in May, a 2 percentage point acceleration from April. E-commerce growth exceeded brick-and-mortar retail, with online penetration climbing to 29.8% in May. The data highlights category-level shifts and signals continue…
Parabilis Medicines Inc. completed its initial public offering on June 11, 2026, selling 38,525,000 shares at $20.00 per share and exercising the underwriters' overallotment option in full. The IPO generated $770.5 million in gross proceeds before underwriting discounts and offering expenses. In a concurrent private placement, Regeneron Pharmaceuti…
Citi reduced its fiscal 2027 earnings estimate for Super Retail Group by 5% and cut its price target to A$14.20 after the company updated guidance to reflect higher corporate and project costs. Super Retail is planning to grow its store footprint from 790 to more than 900 locations by 2031, while Citi highlighted longer-term potential in brands suc…
On June 11, SpaceX completed a $75 billion initial public offering, the largest on record, surpassing the previous high set by Saudi Aramco in 2019. The rocket and satellite manufacturer is scheduled to begin trading on the Nasdaq on Friday. Market attention has shifted to potential follow-on mega listings, notably from AI companies OpenAI and Anth…
SpaceX completed a historic U.S. initial public offering in June 2026, raising $75 billion after a public pricing at $135 per share. The company’s ascent to that landmark financing followed more than two decades of development, operational milestones, rocket failures and recoveries, government contracts, commercial service rollouts and strategic mo…
Bank of America analyst Benjamin Heelan reports a split performance across commercial aero engine families in May 2026. Widebody-related engines posted the largest month-to-month improvements, whereas legacy narrowbody engines experienced further structural declines. Global commercial flight cycles fell 2% year-over-year in May, with regional resul…
Space Exploration Technologies Corp. priced its initial public offering at $135 per share, covering 555,555,555 Class A common shares, with trading expected to begin on June 12, 2026, on the Nasdaq Global Select Market and Nasdaq Texas under the ticker SPCX. The base sale would generate roughly $75 billion, and an underwriter over-allotment option …
SpaceX set its initial public offering price at $135 per share, selling 555.56 million shares and raising $75 billion. The deal establishes a $1.77 trillion valuation on 13.08 billion shares outstanding and will see the company begin trading on the Nasdaq. The offering allocates 30% of shares to retail investors and was priced prior to a traditiona…
BTIG reported that Stryker’s Mako robotic system is emerging as a preferred platform for ambulatory surgery centers as robotics adoption moves from optional to a baseline expectation. Flexible contracting, younger surgeons’ preferences, and patient demand are accelerating adoption, while reimbursement pressures and high robotics costs create econom…
