Category: Latest News
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Stock Market Closes at Record High as Retail Sales and Earnings Impress
The S&P 500 closed at a new record high on Thursday, buoyed by stronger-than-expected retail sales and continued positive momentum in corporate earnings. At the close of trading ,4:00 p.m. ET , the S&P 500 rose 0.6% to a record 6,300.42. The Dow Jones Industrial Average gained 230 points (0.6%), and the NASDAQ Composite advanced…
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Upbeat Economic Data Contributes To Record Highs On Wall Street
After moving modestly higher over the course of the previous session, stocks saw further upside during trading on Thursday. With the continued upward move, the Nasdaq and the S&P 500 reached new record closing highs. The major averages ended the session near their best levels of the day. The Nasdaq advanced 153.78 points or 0.7…
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Tobacco Stocks Hold Steady Following FDA Approval of Juul E-Cigarettes
Tobacco shares experienced mixed reactions on Thursday after reports surfaced that the Food and Drug Administration (FDA) granted authorization for Juul Labs’ e-cigarettes to remain available in the U.S. market. Altria Group (NYSE:MO) edged up by 0.1%, while Philip Morris International (NYSE:PM) narrowed its losses to 0.5%, and British American Tobacco (NYSE:BTI) reduced its decline…
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Warner Bros Discovery Stock Climbs to 52-Week Peak of $12.70
Warner Bros Discovery Inc. (NASDAQ:WBD) reached a notable milestone with its stock hitting a 52-week high of $12.70. The media powerhouse, boasting a market capitalization of $31.27 billion and annual revenue totaling $38.34 billion, has experienced strong momentum, with shares rising 51.2% over the past year. This surge reflects growing investor confidence in Warner Bros…
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Microsoft Stock Hits New Record High at $508.40
Microsoft Corporation (NASDAQ:MSFT) achieved a significant milestone as its stock soared to an all-time high of $508.40. With a market value now at $3.77 trillion, the tech giant continues to assert its dominance in the industry. Over the past year, Microsoft’s stock has delivered a total return of 14.88%, fueled by impressive revenue growth of…
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Caterpillar Stock Surges to Record High of $418.54
Shares of Caterpillar Inc. (NYSE:CAT) climbed to a new all-time peak at $418.54, marking a major milestone for the industrial equipment leader. With a market cap now standing at $196.4 billion, Caterpillar’s stock has gained 17.34% over the past year, reflecting the company’s strong footing in a competitive sector. Investor confidence is evident, supported by…
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Oracle Shares Hit Record High at $242.45
Oracle Corporation (NYSE:ORCL) recently surged to an all-time stock price high of $242.45, pushing its market capitalization past $677 billion. This achievement highlights the company’s impressive growth, with its share price climbing nearly 75% over the past year. Oracle’s success is largely driven by strategic investments in cloud computing and enterprise software, which have garnered…
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Waymo Broadens Its Self-Driving Service Area in Austin to 90 Square Miles
Alphabet’s Waymo (NASDAQ:GOOGL) is significantly increasing the coverage of its autonomous vehicle service in Austin, Texas, expanding from 37 to 90 square miles, the company revealed on Thursday. This expansion is designed to bolster Waymo’s foothold in the Austin market amid rising competition from players like Tesla (NASDAQ:TSLA). The newly included service zones now cover…
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reAlpha Tech Shares Slide After Deeply Discounted $2M Offering
Shares of reAlpha Tech Corp. (NASDAQ:AIRE) plunged 25.7% after the real estate-focused AI company announced a public offering expected to raise $2 million in gross proceeds. The offering includes 13.3 million shares of common stock priced at $0.15 per share, along with Series A-1 and Series A-2 warrants that could enable investors to purchase an…
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Oklo Stock Gains After Clearing Key Regulatory Hurdle for Aurora Project
Shares of Oklo Inc. (NYSE:OKLO) rose 2.5% after the company announced it has successfully completed the U.S. Nuclear Regulatory Commission’s (NRC) pre-application readiness assessment for its first commercial Aurora powerhouse. The NRC found no major deficiencies in Phase 1 of Oklo’s combined license application (COLA) for the proposed facility at Idaho National Laboratory, signaling that…