ADVFN US – Market Content Editor
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Stocks Rally to Close Out Strong Quarter as Iran Ceasefire Lifts Sentiment
Wall Street closed out the second quarter on a high note Monday, with all three major indexes finishing firmly in positive territory as a combination of renewed confidence in the AI trade and welcome geopolitical relief gave investors reason to buy. The Dow Jones Industrial Average climbed to a fresh all-time high, capping what many…
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Wall Street Futures Edge Lower as Investors Lock In Profits After Record Rally: Dow Jones, S&P, Nasdaq
Profit taking points to softer start for U.S. markets U.S. stock index futures indicated a weaker open on Tuesday as investors looked set to take profits following the previous session’s broad-based rally. The cautious tone comes after Monday’s strong gains pushed the Dow Jones Industrial Average to a fresh record closing high, prompting some traders…
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Magnificent Seven shed $2.3 trillion in June as AI spending comes under closer scrutiny (MSFT)
Investor sentiment shifts toward infrastructure costs The so-called “Magnificent Seven” technology stocks have collectively lost around $2.3 trillion in market value during June as investors reassessed the scale of artificial intelligence infrastructure spending by the sector’s largest companies. The group comprises Microsoft Corporation (NASDAQ:MSFT), Nvidia Corporation (NASDAQ:NVDA), Alphabet Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Meta Platforms…
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Jack in the Box shares extend rally as short squeeze gathers momentum (JACK)
Heavy short interest fuels sharp advance Jack in the Box (NASDAQ:JACK) shares climbed another 10% on Tuesday, building on Monday’s 20% rally as investors continued to unwind bearish positions in the restaurant chain. The stock has surged approximately 45% over the past five trading days, driven in part by a significant short squeeze. Recent market…
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Joby Aviation shares gain after forming manufacturing joint venture with Toyota (JOBY)
Companies establish venture to produce electric aircraft Joby Aviation, Inc. (NYSE:JOBY) shares rose 7% on Tuesday after the company announced a manufacturing joint venture with Toyota Motor Corporation to build Joby’s S4 Series electric vertical take-off and landing (eVTOL) aircraft. According to a regulatory filing dated June 29, 2026, the new entity, Joby Toyota Aero…
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Enphase Energy, Solar stocks, rally on report of potential U.S. restrictions on foreign inverter imports (ENPH)
Reuters report lifts domestic solar equipment makers Enphase Energy (NASDAQ:ENPH) shares jumped 17.5% on Monday after a Reuters report said the Trump administration is preparing rules that could ban imports of certain foreign-made power inverters on national security grounds. The report also boosted other U.S. solar companies, with SolarEdge Technologies (NASDAQ:SEDG) climbing 11% and Sunrun…
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Plus Therapeutics to rebrand as Cerenome and adopt CNSY ticker on August 3 (PSTV)
Company confirms name change and reaffirms 2026 objectives Plus Therapeutics, Inc. (NASDAQ:PSTV), a healthcare company focused on central nervous system cancers, announced it will rebrand as Cerenome and begin trading on the Nasdaq under the new ticker symbol CNSY on August 3, 2026. The company said shareholders do not need to take any action as…
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VisionWave shares double on planned acquisition of Meteor Aerospace (VWAV)
Company agrees to acquire controlling stake in Israeli defence firm VisionWave Holdings (NASDAQ:VWAV) shares soared 100% on Tuesday after the company announced a definitive agreement to acquire a 51% controlling interest in privately held Israeli aerospace and defence company Meteor Aerospace Ltd. The transaction values Meteor Aerospace at a pre-money equity valuation of $40 million.…
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Unicycive shares plunge after FDA issues Complete Response Letter for kidney disease drug (UNCY)
Manufacturing issues delay regulatory approval Unicycive Therapeutics Inc. (NASDAQ:UNCY) shares fell 37% on Tuesday after the company disclosed that it had received a Complete Response Letter from the U.S. Food and Drug Administration for its resubmitted New Drug Application covering oxylanthanum carbonate. The FDA said the application remains affected by deficiencies at a third-party manufacturing…
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AEVEX shares climb after securing $50 million U.S. Air Force contract (AVEX)
Defense company wins new unmanned systems award AEVEX Corp. (NYSE:AVEX) shares gained 11% on Tuesday after the company announced it had been awarded a $50 million contract by the United States Air Force to enhance unmanned mission-support capabilities for ongoing operations. According to the company, the award includes $27 million in initial funding and will…