Category: Market Summary

Intel (NASDAQ:INTC) – Intel secured up to $3.5 billion in federal subsidies to manufacture semiconductors for the U.S. Department of Defense. This information was disclosed by Bloomberg News after the company signed a binding agreement with U.S. authorities. Shares rose 3.7% in pre-market trading after closing up 1.6% on Friday. Stellantis NV (NYSE:STLA) – Stellantis…

Stocks moved mostly higher during trading on Friday, extending the upward trend seen over the past several sessions. The Nasdaq and the S&P 500 closed higher for the fifth straight day, largely offsetting the steep losses posted last week. The major averages all finished the day firmly in positive territory. The Dow advanced 297.01 points…

Boeing (NYSE:BA) – Workers at Boeing’s West Coast factories voted in favor of a strike. The walkout, the first since 2008, will affect 737 MAX production amid the company’s production challenges and mounting debts. The union argued that the offer didn’t offset years of stagnant wages and rising health care costs. A 50-day strike could…

After turning in a lackluster performance early in the session, stocks moved notably higher over the course of the trading day on Thursday. The Nasdaq and the S&P 500 added to strong gains posted in Wednesday’s session, closing higher for the fourth straight day. The major averages all finished the day firmly in positive territory.…

Norfolk Southern (NYSE:NSC) – Norfolk Southern fired its CEO, Alan Shaw, after an internal investigation into allegations of ethical policy violations. CFO Mark George was promoted to CEO. Shaw’s dismissal, which occurred after the 2023 disaster, is unrelated to the company’s financial performance. Shares fell 1.4% on Wednesday. Ryanair Holdings (NASDAQ:RYAAY) – Ryanair reduced its…

Stocks moved sharply lower early in the session on Wednesday but showed a substantial turnaround over the course of the trading day. The tech-heavy Nasdaq led the recovery, with all of the major averages ending the day in positive territory. After tumbling by as much as 1.4 percent in early trading, the Nasdaq surged 369.65…

GameStop (NYSE:GME) – GameStop announced an offering of up to 20 million shares. In Q2, GameStop reported revenue of $798.3 million, compared to $1.16 billion in the same period last year. Net income was $14.8 million (4 cents per share), while the prior year showed a $2.8 million loss (1 cent per share). Analysts expected…

Stocks fluctuated over the course of the trading session on Tuesday but managed to end the day mostly higher. The Nasdaq and the S&P 500 added to the strong gains posted during Monday’s session, although the narrower Dow bucked the uptrend. The Nasdaq and the S&P 500 saw further upside going into the close, reaching…

Apple (NASDAQ:AAPL) – The European Court of Justice ruled against Apple in a tax case regarding benefits received in Ireland, potentially leading to the recovery of up to $14.4 billion in back taxes. This decision follows a long dispute beginning in 2014 with an EU investigation. Apple launched the iPhone 16 yesterday, featuring AI and…

Following the sell-off seen in the previous week, stocks showed a strong move back to the upside during trading on Monday. The major averages all moved sharply higher over the course of the session. The major averages pulled back off their highs of the session in afternoon trading but remained firmly positive. The Dow surged…