ADVFN US – Market Content Editor
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Stock Market Close 07.01.2025: S&P 500 Slips as Big Tech Stumbles at Start of Q3
The S&P 500 closed slightly lower on Tuesday, pulling back from recent highs as big tech stocks faltered at the beginning of the third quarter. Investors are digesting updates on trade policy, fiscal developments, and rising U.S. Treasury yields. As of 4:00 p.m. ET: On Monday, both the S&P 500 and NASDAQ hit record highs,…
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Major U.S. Stock Indexes Close Mixed Following Recent Strength
After trending higher over the past several sessions, the major U.S. stock indexes turned in a mixed performance during trading on Tuesday. While the Dow showed a notable advance to reach its best closing level in over four months, the Nasdaq and the S&P 500 gave back ground. The Dow jumped 400.17 points or 0.9…
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Jumia shares jump on Bloomberg report of takeover interest from Axian Telecom
Jumia Technologies AG (NYSE:JMIA) saw its stock rise by 6% following Bloomberg’s report that Mauritius-based Axian Telecom is showing interest in acquiring the African e-commerce leader. Sources familiar with the matter told Bloomberg that Axian Telecom recently secured $600 million to refinance its existing debt and possibly finance a takeover of Jumia. The telecom company,…
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Oragenics shares plunge following announcement of $20 million preferred stock sale
Oragenics Inc (NYSE:OGEN) experienced a sharp 58% drop in its stock price after revealing plans to raise roughly $20 million through a new preferred stock offering. The biotech company has signed a placement agency agreement to issue up to 800,000 shares of its Series H Convertible Preferred Stock, along with warrants to purchase an additional…
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AstraZeneca shares climb amid rumors CEO prefers U.S. stock listing
AstraZeneca PLC (NASDAQ:AZN) saw its American Depositary Receipts (ADRs) increase by 2.2% following a report from The Times suggesting that CEO Sir Pascal Soriot has privately shown interest in shifting the company’s stock listing to the United States. Sources close to the CEO told The Times that Soriot has repeatedly expressed a preference for relocating…
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Apple Stock Climbs Despite Analyst Concerns Over AI Strategy Shift
Apple Inc. (NASDAQ:AAPL) shares rose 2% on Tuesday, building on gains from the previous day, after reports surfaced that the tech giant is exploring the use of external AI technology to enhance its Siri voice assistant. Bloomberg reported that Apple has been in talks with AI companies Anthropic and OpenAI about potentially integrating their large…
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Carnival Corp Stock Hits 52-Week High at $28.72
Carnival Corporation (NYSE:CCL) stock has reached a notable milestone, hitting a 52-week high of $28.72. With a market capitalization of $38.86 billion and a price-to-earnings (P/E) ratio of 13.05, this marks an important point for the cruise line operator. Over the past year, Carnival’s stock has surged an impressive 63.44%. The company has demonstrated strong…
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U.S. Manufacturing Activity in June Shows Slight Improvement, Still Contracting — ISM Report
The U.S. manufacturing sector experienced a contraction in June, but the decline was less severe than many had expected, as companies weigh the effects of extensive tariffs imposed by the U.S. government. According to data released Tuesday by the Institute for Supply Management (ISM), the manufacturing purchasing managers’ index (PMI) edged up to 49.0 from…
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Nike’s Recovery Gains Momentum; Analyst Predicts Continued Long-Term Market Leadership
Nike (NYSE:NKE) is making steady progress in its recovery and is well-positioned to sustain its leadership in the athletic apparel and footwear sectors, according to a recent analysis by Argus. The investment firm upgraded Nike’s stock rating from Hold to Buy on Tuesday, setting a price target of $85. “We believe a recovery is underway,”…
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Royal Caribbean Cruises Stock Hits Record High at $316.37 Amid Leadership Changes and Strong Outlook
Royal Caribbean Cruises Ltd (NYSE:RCL) reached a new all-time high, with its stock price hitting $316.37, marking a major achievement for the cruise line giant valued at $85.8 billion. This milestone reflects an impressive 101.91% increase over the past year, highlighting the company’s strong market performance. The surge in stock price is driven by a…