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
Richard Heathcote, who stepped down as chief investment officer of Tether Holdings SA in March, is working with PJT Partners to sell a portion of his 1.26% ownership in the stablecoin issuer. Discussions with prospective purchasers are ongoing and Tether has granted Heathcote permission to sell shares. The move occurs as the company awaits results …
Jefferies has kept a cautious view on Nickel Industries (ASX:NIC) even after the company completed a series of stake purchases that raise its attributable exposure to high-pressure acid leaching (HPAL) projects in Indonesia. While the brokerage accepts the deals can be accretive, it warned that Indonesia's policy approach - described as "capricious…
Shares of Context Therapeutics Inc. rose 2.7% in after-hours trading Monday after the company was named to both the Russell 2000 and Russell 3000 indexes effective at the close of U.S. markets on June 26, 2026. Inclusion in these benchmarks often prompts index funds and institutional managers to adjust holdings, which can affect demand for newly ad…
Toyota Motor Corp announced plans to construct a $3.6 billion, 2.5-million-square-foot assembly plant on its San Antonio campus, scheduled to open by 2030. The company will shift production of the mid-size Tacoma pickup from its Baja California, Mexico plant to the new Texas facility while continuing Tacoma output at its Guanajuato, Mexico plant. T…
U.S. equities closed higher on Monday as strength in Consumer Goods, Technology and Industrials propelled major indexes. The Dow Jones Industrial Average reached a new all-time high, while the S&P 500 and Nasdaq Composite posted broader gains. Several individual names recorded double-digit percentage moves in both directions, and the CBOE Volatilit…
Canada's main stock index closed modestly lower on Monday, weighed by losses in the Materials, Healthcare and Energy sectors. The S&P/TSX Composite finished down 0.18%, with notable gains in aerospace and industrial names offset by steep falls in selected resource and cannabis-related shares. Market breadth favored decliners and implied volatility …
Brazil equities closed lower on Monday, with the Bovespa index sliding 0.93% as losses in the Real Estate, Consumption and Public Utilities sectors dominated trading. Decliners outnumbered advancers by a wide margin, while the CBOE Brazil ETF Volatility measure ticked higher and major commodities moved in both directions.
A U.S. District Court in San Francisco will allow a proposed class action against United Airlines to proceed after a judge rejected the carrier's motion to dismiss claims by travelers who say they paid for window seats only to be placed beside aircraft walls with no outside view. The ruling found sufficient allegations that United's ticketing mater…
BMO Capital Markets has maintained an Outperform rating and Top Pick designation for Alphabet Inc (GOOGL), arguing that recent departures of prominent AI researchers do not alter the company’s broader artificial intelligence capabilities. The firm sees the roughly 10% slide in Alphabet shares following the exits as an overreaction and a potential e…
Vertex Pharmaceuticals has agreed to acquire Crinetics Pharmaceuticals for $85.00 per share in cash, a deal that equates to roughly $10.0 billion in equity value and about $8.8 billion net of cash expected to be acquired. The boards of both companies have given unanimous approval; the transaction is anticipated to close in the third quarter of 2026…
Aligos Therapeutics received a $25 million upfront payment after granting Xiamen Amoytop Biotech exclusive Greater China rights to pevifoscorvir sodium, triggering a 21% jump in after-hours trading. The agreement includes up to $420 million in milestones and tiered royalties, and the therapy earned Breakthrough Therapy Designation from China’s regu…
Shares of Space Exploration Technologies Corp fell after an early intraday advance as traders reduced exposure ahead of two key events scheduled for July 7: the company’s formal entry into the Nasdaq-100 index and the expiration of the 25-calendar-day IPO underwriter quiet period. The quiet period lift is expected to prompt analyst initiations from…
Meridian3 Industrials Acquisition Corp closed an offering of 20,125,000 units at $10 each, producing gross proceeds of $201.25 million. Units began trading on the Nasdaq Global Market under the symbol MIACU on July 2, 2026. The company is organized in the Cayman Islands and intends to seek a business combination in the industrial technology sector.
Appaloosa Management, the $23 billion hedge fund controlled by David Tepper, recorded a 32% gross return in the first half of the year, with all of that gain occurring in the second quarter. The rally was driven by large, concentrated positions in memory-chip makers exposed to surging demand for high-bandwidth memory (HBM) and NAND flash tied to AI…
Direxion Daily Semiconductor Bull 3X Shares (SOXL) jumped 9.5% in afternoon trading to $198.63 as the fund’s triple-leveraged exposure amplified a sector-wide bounce following an earlier profit-taking selloff. The move comes as semiconductor names recover part of recent losses amid continued strong demand tied to AI infrastructure investments and h…
Thyssenkrupp stock vaulted 8.7% in afternoon trading after multiple sources indicated that its marine arm, Thyssenkrupp Marine Systems (TKMS), has been named the preferred bidder to construct 12 submarines for the Royal Canadian Navy. The program, which includes decades of maintenance, has an estimated lifetime value in excess of $100 billion and a…
First Solar shares climbed 4.5% in afternoon trading after Wells Fargo increased its price target on the stock to $320 from $255 while maintaining an Overweight rating. The bank highlighted a potentially favorable Section 232 ruling on polysilicon tariffs, expected by early August, as a key asymmetric upside driver. The upgrade came alongside eleva…
BTIG elevated Guardant Health to its top health care pick and lifted the firm's price target to $190 after UnitedHealthcare announced it will provide commercial coverage for Guardant’s Shield blood test for colorectal cancer screening. The coverage, effective August 1, 2026, came considerably sooner than analysts had expected and prompted optimism …
Seagate Technology shares climbed 4.6% in afternoon trading as investors refocused on the company's role in AI infrastructure and prepared for a July 16, 2026 earnings report. Positive analyst momentum, upgraded price targets and firm nearline capacity commitments through 2027 combined with product progress on the Mozaic 4 HAMR platform to underpin…
EchoStar shares fell 3.4% in afternoon trading after creditors of its Hughes Network Systems unit engaged restructuring counsel Jones Day ahead of an August 2026 debt maturity of about $1.5 billion. Reports that Hughes has been critically short of cash and unable to rely on parent support have heightened investor concern. The decline adds to recent…
Letters circulated to board members indicate that World Economic Forum founder Klaus Schwab has arranged a plan to return to the organisation in an advisory capacity that would give him influence over the selection of future leaders. Schwab, who resigned in April last year after a whistleblower alleged misconduct and was later cleared when the WEF …
Dell Technologies shares jumped after President Trump publicly urged Americans to "go out and buy a Dell computer" at a White House event launching Trump Accounts. The endorsement, coupled with the companys strong AI-server revenue growth and an order backlog topping $50 billion, pushed the stock to an intraday peak before some profit-taking.
Meta Platforms has secured more than 5GW of datacenter capacity across cloud and colocation during the first half of 2026. Research firm SemiAnalysis contends the company's buildout is not yet peaked and projects a sharply higher capital expenditure profile in 2027, while dismissing claims that Meta's moves will straightforwardly undermine neocloud…
Equities across market-cap categories registered notable swings on Monday, with large technology and semiconductor names advancing and a mix of acquisition-related and resource companies posting heavier losses. Mega-cap leaders included Arista Networks, Tesla and Texas Instruments, while a variety of large-, mid- and small-cap issues recorded both …
The U.S. Supreme Court on July 6 declined to enjoin a Texas statute that mandates age verification and parental consent for mobile app downloads and in-app purchases by minors. The decision leaves in place a lower court ruling that permitted the law to take effect while challenges on First Amendment grounds proceed. The dispute, brought by a tech i…
