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.
25,383 total articles
U.S. index futures showed a mixed picture on Thursday as investors balanced rising geopolitical tensions between the United States and Iran with strength in semiconductor-related names. In premarket trading, Enovix and Forte Biosciences were among the top gainers after corporate leadership and clinical updates, while PepsiCo slipped after mixed qua…
Bloom Energy shares rose about 6% Thursday morning after the company issued a formal rebuttal to a short-seller report. The firm called the report's assertions about its accounting and financial results false and misleading, reiterated the accuracy of its audited statements and SEC filings, and said it has sufficient scandium oxide supply and suppl…
A consortium led by venture firm B Capital Group and the California Public Employees’ Retirement System has agreed to buy Russell Investments for $2.8 billion. The transaction is designed to ready the 90-year-old asset manager for advances in artificial intelligence, while emphasizing the continuing role of human investment professionals. The acqui…
Citi’s recent sector review singles out four European software and IT-services companies as buy-rated while assigning a neutral rating to Dassault Systèmes. The bank cites cloud transitions, AI-related revenue opportunities and subscription resilience as key differentiators, but warns of macro, competitive and execution risks across the sector.
Enovix Corporation said it has appointed Dr. Michael Vyvoda, a former Apple product operations director, as Chief Operating Officer effective July 29, 2026. The move coincided with a 17.1% premarket rise in Enovix shares as the company scales manufacturing in Malaysia and Korea, reports sequential revenue growth and advances product programs for sm…
Enovix Corporation said Michael Vyvoda will join as Chief Operating Officer effective July 29, 2026, a move that spurred a 17% jump in the company's stock. Vyvoda, who has more than 25 years of operations experience and spent over five years at Apple scaling AirPods production, will oversee Enovix's global manufacturing, supply chain and operations…
Forte Biosciences (NASDAQ:FBRX) shares gained 12% on Thursday after the company reported positive results from its phase 1b, double-blind, placebo-controlled study of topical candidate FB102 in patients with vitiligo. The trial met its primary endpoint, showing a 29.6% mean FVASI improvement at week 24 versus 7.9% for placebo (p=0.020), with enhanc…
PepsiCo shares dropped in pre-market trading after the company posted mixed second-quarter 2026 results: revenue topped estimates while adjusted EPS narrowly missed consensus. A decline in North America food sales and management's decision to hold full-year guidance contributed to investor disappointment amid broader market weakness.
Rackspace Technology shares fell more than 10% after management sharply reduced fiscal 2026 revenue and adjusted EBITDA guidance. The company said it is stepping away from low-margin resale and basic hosting operations, which produced a combined $150 million reduction to its top-line forecast. Rackspace also announced a strategic deployment agreeme…
Goldman Sachs downgraded Mattel to Sell from Neutral and adjusted its price target to $12 from $9, citing rising execution risks ahead of the second half of 2026. The new target is based on an 8x multiple of estimated 2027 EPS, down from a prior 10.0x multiple, and the firm expects shares to be range-bound to lower until the company demonstrates co…
Chancellor Friedrich Merz announced that Germany will buy Tomahawk cruise missiles from the United States and station them on German territory. The agreement, reportedly formalized in a letter of intent signed during meetings on the sidelines of a NATO summit in Ankara, includes U.S. approval expected in August for Tomahawks and ground-based Typhon…
Virax Biolabs Group Limited saw its stock jump 100% Thursday after announcing an exclusive commercial supply framework with Fosun Diagnostics for the ImmuneSelect immune profiling product line. The deal covers six Southeast Asian markets and establishes immediate product supply under purchase orders, with an initial focus on tuberculosis-related re…
Mattel shares fell in early trading after Goldman Sachs lowered its rating to Sell and set a $12 price target, leaving the stock trading just above its 52-week low. The bank pointed to persistent operational complexity over the next six to 12 months and flagged risks tied to competitive pressure, geopolitical and macro volatility, and execution of …
Meta Platforms shares fell after the company disclosed plans to dramatically scale data center capacity and commit to substantial AI infrastructure spending, even as it moves to produce its first internal AI chip. The magnitude of planned capital expenditures and long-term supply commitments prompted investor concern about near-term margin pressure…
Futures tied to Canada’s main equity benchmark eased on Thursday as market participants digested the implications of renewed clashes in the Middle East for inflation and energy flows. The S&P/TSX 60 futures were down modestly after the TSX composite posted its worst session since early June. U.S. futures were mixed, crude oil rallied and gold gaine…
Jefferies reported a notable decline in commercial ship traffic through the Strait of Hormuz over the past week, while freight rates, refining margins, petrochemical profits and select fuel cracks remain elevated compared with pre-conflict and February levels. Several market indicators point to constrained flows and tightening product markets even …
Rackspace Technology shares jumped 8% Thursday morning after the company and Palantir Technologies finalized an operating framework to deploy Palantir Foundry and AIP in regulated and sovereign environments. The agreement positions Rackspace as a preferred operator for on-premise, private cloud, and sovereign Palantir deployments, combining Palanti…
Microsoft shares slipped in pre-market trading after an analyst trimmed his price target and several company-specific developments highlighted cost pressures and potential enterprise revenue risk. Investor focus is shifting toward upcoming fiscal Q4 2026 results, where Azure growth guidance and any revision to the company’s capex outlook are expect…
Meta Platforms shares fell about 2.0% in pre-market trading, retreating from an opening price near $614 as investors parsed a cluster of company-specific and sector-wide developments. Chief among them was CEO Mark Zuckerberg's candid remark that progress on agentic AI has not accelerated as expected over the past four months. Additional pressure ca…
ServiceNow shares dropped about 4.1% in pre-market trading to $103.38 amid a broader risk-off move sparked by a geopolitical announcement that pushed oil prices higher. The pullback follows recent gains tied to analyst upgrades and a rotation into software, and comes ahead of the company’s Q2 2026 earnings report on July 22.
Hapag-Lloyd shares finished slightly higher after a turbulent trading day marked by an early drop to €115 and a rebound to €117.4. The swing followed Maersk’s announcement that it would resume a Middle East-to-U.S. East Coast route through the Suez Canal and Red Sea - a corridor largely unused for nearly two years because of Houthi militant attacks…
Maersk announced the resumption of a Gemini network service with Hapag-Lloyd through the Suez Canal instead of the Cape of Good Hope. The shorter route reduces voyage vessel-days and releases capacity into a market already seeing new vessel deliveries outpacing demand growth forecasts for 2026, weighing on freight rates and prompting a share declin…
BofA Securities moved its stance on European mining stocks from underweight to marketweight after a recent sector pullback that the bank says leaves little further downside under its macro scenario. The brokerage attributes the sell-off to valuation de-rating rather than earnings deterioration, notes the role of copper in recent price action, and h…
Workday stock extended declines in pre-market trading, pressured by an escalation in U.S.-Iran tensions that lifted oil and bond yields, a disclosed CFO stock sale, and a broader pullback across enterprise software names sensitive to rising discount rates. The company’s shares moved well below recent session levels and remain far from their 52-week…
Meta Platforms plans to start manufacturing an internally designed AI chip, code-named Iris, in September as part of an effort to expand its computing capacity to 14 gigawatts in 2027. The chip, developed under the Meta Training and Inference Accelerators (MTIA) program, cleared six weeks of testing without major issues and will be produced with Ta…
