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
Greece's stock market ended lower on Wednesday, with the Athens General Composite falling 2.14% at the close. Broad weakness in Banking, Telecoms and Household names weighed on the exchange while select names in plastics, utilities and refining posted gains. Decliners outnumbered advancers by a wide margin and commodity markets saw sharp moves in o…
Morgan Stanley adjusted its metals sector recommendations, upgrading Ivanhoe Mines to Overweight and lowering Alcoa and Vale to Equal-weight. The bank cited a changing supply outlook that supports copper, gold and silver, while anticipating aluminum will move into surplus and iron ore will remain under pressure.
Air Canada shares fell almost 4% to C$24.36 after the carrier named Anko van der Werff, currently CEO of Scandinavian Airlines, as its next President and CEO, with the handover scheduled by the end of January 2027. Michael Rousseau will retire effective August 31, 2026. The leadership change, announced alongside renewed cutbacks to U.S. flying amid…
Kirby Corporation shares jumped sharply in morning trade after BofA Securities lifted its price target and reiterated a Buy rating, while Stephens started coverage with an Overweight rating. Analysts pointed to stronger inland marine rate trends and a Power Generation backlog exceeding $1 billion, alongside management's projection that Power Genera…
Wolfe Research began coverage of three large oilfield services firms, assigning Outperform ratings to SLB and Baker Hughes and a Peer Perform to Halliburton. Analyst Carlos Escalante framed the industry outlook as "a selective capital cycle favoring international exposure," and pointed to company-specific catalysts such as SLB's ChampionX integrati…
Kirby Corporation stock surged about 7.2% on Wednesday after BofA Securities increased its price target to $182 from $169 while keeping a Buy rating. BofA highlighted upside in Kirby’s Marine Transportation and Power Generation businesses, with Power Gen singled out as an expanding growth engine driven by behind-the-meter demand. Company executives…
Wednesday's trading session produced notable rotation across market-cap segments. Gains in storage and semiconductor names contrasted with declines in cybersecurity and home improvement retail. Movers ranged from mega-cap technology names to small-cap real estate and microcap stocks, with an acquisition announcement and analyst action noted among t…
Blue Origin is raising approximately $10 billion in its first outside funding round, assigning the company a $130 billion valuation. Jeff Bezos will contribute $2 billion, hedge fund Coatue Management is providing about $4 billion, and the remaining $4 billion has drawn significant investor interest. The round follows a record-setting public offeri…
Penguin Solutions jumped 16.3% in morning trading to $72.92 after reporting record fiscal third-quarter results that materially beat expectations and prompted management to raise full-year guidance. Revenue and non-GAAP earnings surpassed Wall Street forecasts, AI-driven businesses accounted for the bulk of growth, and the company issued preliminar…
Strategy Inc. shares dropped 3.7% in morning trading to a session low of $91.78 after the company disclosed a sizable Bitcoin sale to meet preferred dividend obligations and reported an $8.32 billion loss on digital assets for the quarter. A reduced analyst price target and renewed geopolitical tensions that sent Bitcoin and broader risk assets low…
China’s National Vulnerability Database has issued an alert saying Anthropic’s AI coding assistant Claude Code contains a built-in monitoring mechanism that can transmit sensitive information, including users’ geographic locations and identity-related identifiers, to remote servers without consent. The advisory covers Claude Code versions 2.1.91 th…
Navitas Semiconductor stock slid sharply in morning trading after Wolfspeed filed a patent infringement suit in the U.S. District Court for the District of Delaware, alleging that a broad set of Navitas products infringe five of Wolfspeed's patents. The legal action, which touches most of Navitas's power-chip families, compounded investor worries a…
Palo Alto Networks (PANW) shares declined roughly 4.6% in morning trading to $321.57, reversing part of a recent run to a 52-week high of $368.17. The pullback reflects growing unease over a stretched valuation, a downgrade and removal from an analyst focus list, persistent insider selling, and a sudden macroeconomic shift tied to heightened Middle…
Palantir Technologies Inc. stock fell about 4.3% to $128.63 in morning trading as a pullback across AI-focused software names and insider selling weighed on sentiment. A comment from Meta’s CEO about slower-than-expected progress on AI agents, continued bearish positioning from a prominent short seller, and softness in major indices all contributed…
Lemonade shares dropped sharply in morning trading after Morgan Stanley cut its rating from Overweight to Equalweight, citing the stock’s roughly 50% rise over the prior month and a lack of near-term catalysts. Despite keeping a $75 price target and reiterating confidence in the company’s tech-driven growth and path to net income profitability by t…
Broadcom shares rose sharply after Apple announced a multi-year agreement worth in excess of $30 billion through 2031 under which Broadcom will supply custom ASICs and advanced wireless components for multiple generations of Apple products. The pact includes a $1.5 billion investment to expand Broadcom's Fort Collins facility to produce more than 1…
Expedia Group shares dropped about 4.7% in morning trading, pulling back from an intraday high of $267 to trade near $257.31. The move followed a roughly 17% run-up in recent weeks and came despite a fresh price-target increase from Argus. Traders cited profit-taking, a lack of additional catalysts, and a weak broader market that pressured other tr…
AXT rallied in morning trading after its AXT-Tongmei unit disclosed a three-year Master Development and Supply Agreement with Coherent Corp. for 6-inch indium phosphide wafer substrates, accompanied by a $22.3 million prepayment earmarked for capacity expansion at AXT’s Beijing plant. The transaction, disclosed in an SEC Form 8-K on July 2, 2026, r…
Waymo, the autonomous driving division of Alphabet Inc., has enabled fully driverless operation in Las Vegas immediately and announced that Denver, San Diego and Tampa will follow. The company urged users to download its app for notifications about availability. Waymo already runs autonomous services in 11 U.S. metropolitan areas and partners with …
Lemonade Inc. shares slid about 9% on Wednesday following a downgrade from Morgan Stanley, which moved the stock from Overweight to Equalweight and set a $75 price target. The bank highlighted valuation concerns after roughly a 50% rally in the prior month, while maintaining a constructive view on the company’s technology-enabled growth and underwr…
Terawulf stock rallied 11.1% in morning trading, rebounding from a brief pullback after the company revealed a 20-year lease with AI developer Anthropic at its Justified Data campus in Hawesville, Kentucky. The agreement covers about 401 megawatts of IT capacity and is expected to generate roughly $19 billion in contracted revenue over its initial …
Definium Therapeutics stock climbed after Stifel raised its price target to $60 from $30 and maintained a Buy rating, citing stronger-than-expected Phase 3 results for DT120 in major depressive disorder. The broker increased its probability of approval for MDD and generalized anxiety disorder to 80% and forecasted combined peak sales above $4 billi…
The OpenAI Deployment Company has agreed to acquire applied AI firm Northslope, expanding its roster of forward deployed engineers who help customers integrate AI into business operations. The deal is the deployment arm's second acquisition since launching in May 2026 with a $4 billion fund. Financial terms were not disclosed and the transaction re…
Advanced Micro Devices shares rose about 0.5% in morning trading to $518.47 after opening at $504.01, staging a partial rebound from a steep decline triggered by reports that Chinese AI startup DeepSeek is developing an inference-focused AI chip. Analyst bullishness, notably Goldman Sachs raising its price target to $640 on July 6, and a reported d…
President Donald Trump told Ukrainian President Volodymyr Zelenskyy during a NATO summit meeting that the United States will grant Ukraine a license to produce Patriot missile interceptors on Ukrainian soil, with U.S. firms expected to provide technical guidance. The announcement comes as Kyiv seeks additional air-defense munitions amid depleted gl…
