Category: Market Summary

Paramount Global (NASDAQ:PARA) – National Amusements ended negotiations with Skydance for a merger with Paramount Global, with terms not agreed upon. The dispute involved share control and finances. Continuing current operations without significant changes is unsustainable, pressuring Redstone to find another sale offer. Meanwhile, Paramount outlined a plan to reduce debt and seek streaming partnerships,…

The major U.S. stock indexes all moved to the downside in early trading on Tuesday but turned mixed over the course of the session. While the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) recovered from the early weakness to reach new record closing highs, the narrower Dow (DOWI:DJI) climbed off its worst levels but spent…

Eli Lilly (NYSE:LLY) – Eli Lilly’s experimental Alzheimer’s drug, donanemab, has received backing from a U.S. FDA advisory panel. The advisors voted unanimously in favor of the efficacy and benefits of donanemab for patients with early-stage Alzheimer’s, despite concerns about side effects. The potential approval could offer a new treatment option, although competition with Biogen’s…

Extending the lackluster performance seen over the two previous sessions, stocks showed a lack of direction during trading on Monday. The major averages bounced back and forth across the unchanged line before eventually closing modestly higher. Despite the choppy trading, the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) reached new record closing highs. The Nasdaq…

Apple (NASDAQ:AAPL) – At today’s Apple Developer Conference (WWDC 2024) kicking off today, the company will demonstrate its prowess in the advanced field of artificial intelligence. Despite being an early adopter of AI with products like Siri, Apple now faces a perception of trailing behind competitors following innovations like ChatGPT. Throughout the event, Apple will…

Stocks showed a lack of direction over the course of the trading day on Friday, extending the lackluster performance seen during Thursday’s session. The major averages spent the day bouncing back and forth across the unchanged line before closing modestly lower. After reaching a new record intraday high in early afternoon trading, the S&P 500…

GameStop (NYSE:GME) – GameStop shares are volatile in pre-market trading on Friday, after soaring nearly 50% the day before, following the announcement by the influencer known as “Roaring Kitty” of an upcoming live broadcast on YouTube today at 12 PM, Eastern Time (ET). Since Gill resumed social media activities in May, GameStop’s market value has…

Following the rally seen over the course of Wednesday’s session, stocks turned in a relatively lackluster performance during trading on Thursday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. While the Dow (DOWI:DJI) rose 78.84 points or 0.2 percent to 38,886.17, the Nasdaq (NASDAQI:COMP)…

Sprinklr (NYSE:CXM) – In the first quarter, Sprinklr exceeded expectations, reporting earnings per share of 9 cents, while revenue reached $195.96 million, slightly above analysts’ forecast of 7 cents per share and revenue of $194.37 million. However, the company revised its annual revenue projections downward to between $779 million and $781 million, below previous expectations…

The market value of chip manufacturer Nvidia (NASDAQ:NVDA) has surged past $3 tn, which lifts the company ahead of Apple (NASADAQ:AAPL). The share price rose over 5% on Wednesday, to more than $1,224. This makes the company the second most valuable publicly listed company in the world, just behind Microsoft (NASDAQ:MSFT). Nvidia’s increase began last…