Category: Latest News
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Stock Market Today: S&P 500 Closes Above 6,300 for the First Time; Focus Turns to Big Tech Earnings
The S&P 500 closed above the 6,300 mark for the first time on Monday, as investors geared up for a wave of major second-quarter earnings reports set to arrive this week. Several of Wall Street’s biggest names, including tech heavyweights, are scheduled to release their results. By the 4:00 p.m. ET market close, the S&P…
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U.S. Stocks Pull Back Off Best Levels But Close Mostly Higher
After moving mostly higher early in the session, stocks continued to turn in a strong performance throughout much of the trading day on Monday before giving back ground going into the close. Despite the late-day pullback, the Nasdaq and the S&P 500 ended the session at new record closing highs. The Nasdaq rose 78.52 points…
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Preferred Bank Stock Jumps as Q2 Earnings Beat Expectations
Shares of Preferred Bank (NASDAQ:PFBC) climbed 5.4% after the regional lender posted stronger-than-expected second-quarter earnings, buoyed by better credit quality and improved margins. For the quarter ending June 30, 2025, the Los Angeles-based bank reported net income of $32.8 million, or $2.52 per diluted share—topping analyst projections by $0.09. While total revenue of $70.65 million…
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Equinix Shares Climb After Bloomberg Reveals Elliott Investment Management’s Growing Stake
Equinix Inc (NASDAQ:EQIX) saw its stock increase by 2.9% following Bloomberg’s report that activist investor Elliott Investment Management has expanded its holdings in the data center giant and is advocating for initiatives aimed at boosting the company’s stock price. According to insiders, Elliott’s stake has grown to place it among Equinix’s top 10 shareholders. Although…
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RTX Corp Stock Reaches New Peak at $152.86
RTX Corp’s (NYSE:RTX) shares surged to an unprecedented high of $152.86, marking a notable achievement for the aerospace and defense powerhouse valued at $204 billion. Over the last 12 months, the stock has delivered an impressive 50.45% gain, while the company proudly continues its streak of paying dividends for 55 straight years. This upward momentum…
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Trump Media Builds $2 Billion Bitcoin Holdings; Shares Rise 8%
Trump Media & Technology Group Corp (NASDAQ:DJT) has amassed $2 billion in bitcoin and related securities, forming a major part of its digital asset expansion strategy. These holdings represent roughly two-thirds of the company’s total liquid assets, estimated at $3 billion. Additionally, Trump Media has allocated about $300 million toward an options acquisition strategy tied…
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Ollie’s Bargain Outlet Stock Hits Record High at $134.62
Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) stock soared to a new all-time high of $134.62, pushing the company’s market capitalization to $8.23 billion. The stock has delivered an impressive 20.44% return year-to-date, reflecting strong investor confidence and Ollie’s solid standing in the retail sector. This latest surge underscores the company’s robust performance and momentum, with…
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General Mills Stock Hits 52-Week Low at $49.61 Amid Market Challenges
General Mills (NYSE:GIS) stock closed at a new 52-week low of $49.61, marking a 23% decline over the past year. Despite the drop, the company continues to offer a solid dividend yield of 4.87% and has maintained dividend payments for 55 consecutive years. The recent decline underscores the ongoing competitive pressures General Mills faces in…
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Redhill Biopharma Shares Surge 28% After FDA Signals Positive Approval Path for Crohn’s Drug
Redhill Biopharma Ltd (NASDAQ:RDHL) stock soared 28% following encouraging feedback from the U.S. Food and Drug Administration (FDA) on the approval pathway for its RHB-204 program targeting Crohn’s disease. The FDA’s guidance permits Redhill to launch the first clinical trial focusing on a specific subgroup of Crohn’s patients infected with Mycobacterium avium subspecies paratuberculosis (MAP-positive).…
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Connect Biopharma Shares Rise on Plan to End ADR Program and Directly List on Nasdaq
Connect Biopharma Holdings Ltd (NASDAQ:CNTB) saw its stock jump 6.4% after announcing its intention to terminate its American Depositary Receipts (ADR) program and directly list its ordinary shares on the Nasdaq Global Market. The company plans to end its Deposit Agreement with Deutsche Bank Trust Company Americas around September 2, 2025. At that time, all…