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.
30,118 total articles
Perpetual futures tied to SpaceX were trading around $165 on Hyperliquid and Binance in New York, implying a market valuation near $2.2 trillion. That level sits above the company's set IPO price of $135 per share, which would value the company at about $1.8 trillion and raise roughly $75 billion. Perpetual futures do not convey legal ownership and…
Greece's benchmark index closed higher on Thursday, reaching a three-month high as gains in the Banking, Construction and Travel sectors propelled the Athens General Composite up 0.98%. Leading individual advances included Titan Cement International, Piraeus Port Authority and BriQ Properties, while Athens Water, Interlife General Insurance and Vio…
Humacyte shares tumbled after the company priced a $50 million underwritten offering at $1.05 per share, matching the market price and signaling substantial dilution. The move came alongside positive interim top-line Phase 3 results from the V012 study presented at a vascular surgery meeting, but investors focused on the financing amid a going-conc…
The Pentagon's F-35 program office has asked for an additional $13.7 billion through 2031 to address falling readiness across the Air Force, Navy and Marine Corps F-35 fleets. A Government Accountability Office report released Thursday says shortages of spare parts, continued reliance on contractors such as Lockheed Martin, and persistent capacity …
Kimco Realty shares climbed after its operating subsidiary sold an enlarged issue of exchangeable senior notes due 2031. The upsized $525 million deal, set with an initial exchange price roughly 27.5% above the company's June 10, 2026 common share price, and proceeds earmarked largely for buybacks, was viewed by the market as a positive indicator f…
UniCredit has closed one of its Moscow offices, leaving a single full-service branch in the Russian capital. The bank said its remaining outlets across 13 Russian regions will transition to remote customer service. Separately, UniCredit has a non-binding agreement to sell parts of its Russian business to a UAE-based private investor while keeping i…
GE Vernova shares jumped in morning trading after Jefferies raised its price target to $1,210 and reiterated a Buy rating, calling the recent pullback an overreaction to blade, tower, and module concerns. Banks and analysts highlighted the company’s growing Electrification mix and structural demand from datacenter power transitions, while a broad m…
Oppenheimer has become the first global brokerage to initiate coverage of SpaceX, assigning an 'outperform' rating and a $190 price target versus the IPO price of $135. The firm projects significant upside over the next 12-18 months and highlights Starlink as the near-term cash engine, while expecting the company’s AI operations, including xAI, to …
Adobe shares dropped to a fresh 52-week low in morning trading as investors grew cautious ahead of the company’s fiscal second-quarter 2026 earnings release after the close. The stock fell 4.3% to $223.47 amid worries that generative AI could erode subscription demand for flagship products and after a string of recent developments that have shaken …
Stocks moved unevenly Thursday as several large-cap semiconductor and equipment companies climbed while some enterprise and small-cap listings fell sharply. Intel and multiple chip-equipment suppliers posted strong advances, while Oracle and a handful of smaller issuers registered double-digit declines. The session spanned mega-cap rallies, M&A-rel…
Bank of America reiterated a Buy rating and an $835 price target on Meta Platforms, saying the stock could be re-rated higher if the company shows tangible advances in frontier AI model development and converts its expanding AI product set into scalable revenue. The bank flagged investor concerns about rising AI-related spending and higher deprecia…
InterDigital Holdings Inc. stock climbed sharply in morning trade after the company announced a new patent licensing agreement with Amazon covering devices and services including Amazon Prime Video, and disclosed that remaining litigation between the two companies will be resolved through binding arbitration to establish the final monetary terms. T…
Amazon has made its generative AI-powered assistant, Alexa+, broadly available in Canada at no extra charge for Prime members. The assistant supports English and French, integrates with a range of local services, and is accessible on enabled devices, the Alexa.com browser site, and the Alexa mobile app. Non-Prime users can pay a monthly fee for ful…
Crusoe has paused development of a planned Wyoming AI campus that would have demanded electricity on the scale of a major U.S. city. Reports indicate the company has been edged out of the project after failing to secure anchor customers, with Google raising questions about costs and the timetable under Crusoe's stewardship. Utility partner Black Hi…
Morgan Stanley published May data for North American coatings Producer Price Index (PPI) showing a 5.9% year-over-year increase and a 0.9% month-over-month rise. The firm highlighted considerable volatility in the underlying index, urged caution in reading a single month of data, and noted divergences between PPI trends and company-level pricing re…
Novartis shares rose after the company reported that del-brax, an investigational antibody oligonucleotide conjugate, achieved the primary and key secondary endpoints in the biomarker cohort of the Phase I/II FORTITUDE study in facioscapulohumeral muscular dystrophy. Biomarker reductions signaled target engagement and less muscle damage, and Novart…
Grupo Supervielle ADRs rallied more than 10% in morning trading, propelled by improving international confidence in Argentina's reform trajectory and encouraging company-level guidance. Support from ongoing IMF disbursements and a new World Bank partnership, combined with management's aggressive growth and cost-savings targets, helped lift the stoc…
Stitch Fix stock jumped 15.1% in morning trading after the online styling company reported fiscal third-quarter results that beat Wall Street estimates across key metrics and raised its full-year guidance. Management highlighted sequential active-client growth, record revenue per active client and continuing improvements in new-client lifetime valu…
ASML shares rose sharply in morning trading after Elon Musk made a virtual appearance at the company's annual internal technology conference to discuss Terafab, a $55 billion semiconductor manufacturing project launched by SpaceX, Tesla, and xAI that would rely on ASML's exclusive EUV lithography systems to produce 2-nanometer chips at scale. Comme…
Global Mofy Metaverse Ltd (GMM) saw its Class A shares spike about +5,000% in morning trading after a pre-announced 1-for-50 reverse stock split became effective. The surge reflects the share consolidation rather than any immediate change in the company's enterprise value. The firm has recently pursued AI partnerships and content investments, but p…
Foxx Development Holdings Inc. shares fell sharply in morning trading after the company reported a widening quarterly loss, disclosed substantial impairment and inventory write-downs, and carried a going concern warning in its latest 10-Q. An analyst initiation with an Underperform rating and an executive's sale of shares compounded investor unease…
Shares of Abaxx Technologies fell sharply after Viceroy Research announced a short position and released a report alleging that much of Abaxx Exchange’s trading is driven by incentives, limited order-book depth, and pre-arranged activity. The short-seller also raised undisclosed related-party concerns and flagged recent patent and strategic-investo…
The U.S. Supreme Court, in a 6-3 ruling on June 11, sided with a group of closed-end investment funds affiliated with major asset managers, reversing a lower court decision that allowed private lawsuits under the Investment Company Act of 1940. The case centered on bylaw provisions that limit voting power of large shareholders and whether private p…
Dana shares plunged after the company agreed to combine with Eaton’s Mobility business in a Reverse Morris Trust transaction valued at about $5.1 billion. The structure leaves Eaton shareholders with at least 50.1% of the combined company and requires Dana to issue roughly $1.1 billion of debt to fund a cash distribution to Eaton, raising pro forma…
Hooker Furniture shares jumped sharply after the Virginia home furnishings maker reported fiscal Q1 2027 results that outpaced analyst estimates, returned to profitability, and showed notable margin improvement and order-book growth. Positive operational details and capital allocation actions helped drive the stock to a session high and a new 52-we…
