Category: Market Summary

Apple (NASDAQ:AAPL) – iPhone 16 sales in China grew 20% in the first three weeks compared to its 2023 predecessor, driven by demand for Pro and Pro Max models, which increased 44%. Despite strong competition from Huawei and others, initial sales show signs of success. On another front, Donald Trump claimed to have received a…

Stocks saw modest strength for much of the session on Thursday before giving back ground late in the trading day to close roughly flat. The Dow still managed to reach a new record closing high. The Dow ended the day up 161.35 points or 0.4 percent at 43,239.05, while the Nasdaq crept up 6.53 points…

Lucid Group (NASDAQ:LCID) – Lucid Group announced it expects a larger loss in Q3 and launched a public offering of 262 million shares. The Saudi Public Investment Fund, Lucid’s largest shareholder, will buy 374.7 million shares, maintaining around 59% ownership of the company. Lucid shares fell 14.6% pre-market after closing up 0.3% on Wednesday. Phunware…

Stocks showed a lack of direction early in the session on Wednesday but moved mostly higher over the course of the trading day. With the upward move, the Dow more than offset the loss posted during Tuesday’s session, reaching a new record closing high. The major averages bounced back and forth across the unchanged line…

The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the notable pullback seen over the course of the previous session. Uncertainty about the near-term outlook for the markets may keep some traders on the sidelines on the heels of…

After moving to the upside early in the session, stocks came under considerable selling pressure over the course of the trading day on Tuesday. The major averages all moved notably lower following the strong gains posted during Monday’s session. The major averages fell to new lows late in the trading day before regaining some ground…

Ericsson (NASDAQ:ERIC) – Ericsson reported better-than-expected profits, driven by a rebound in 5G equipment demand in North America. Net sales fell 4% to $5.92 billion but surpassed forecasts, with U.S. sales jumping over 50%. Europe and Latin America remained stable, while other markets faced challenges. Adjusted profits were 7.33 billion crowns, exceeding estimates and last…

Following the strong upward move seen during last Friday’s session, stocks saw further upside during trading on Monday. The major averages all moved higher on the day, with the Dow and the S&P 500 reaching new record closing highs. The major averages reached new highs for the session late in the day before giving back…

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – TSMC is planning new factories in Europe focused on AI chips after starting construction on its first plant in Dresden, Germany. According to Wu Cheng-wen of TSMC, the company is considering further expansion in Europe, but there is no specific timeline. TSMC is already investing $65 billion in three…

Following the modest pullback seen in the previous session, stocks showed a strong move back to the upside during trading on Friday. The major averages more than offset yesterday’s losses, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close…