Category: Market Summary

Intel (NASDAQ:INTC) – Intel was sued by shareholders who allege the company concealed financial problems that led to poor results, layoffs, and dividend suspension, resulting in a $32 billion market value loss in a single day. The lawsuit, filed in San Francisco, accuses Intel of misleading information that inflated stock prices. Since the bad news,…

After extending yesterday’s rebound early in the session, stocks gave back ground over the course of the trading day on Wednesday. The major averages pulled back well off their early highs and into negative territory. The major averages ended the day just off their lows of the session. The Nasdaq slumped 171.05 points or 1.1…

Arcadium Lithium Plc (NYSE:ALTM) – Arcadium Lithium will suspend or delay two of its four expansion projects due to a global oversupply and prolonged lithium price decline. The company revised the project timeline in Argentina and is considering bringing a partner for the Galaxy project in Canada. The changes will reduce capital spending by about…

U.S. stocks closed higher on Tuesday, recovering well after three successive days of losses, as investors shrugged off fears of a recession and geopolitical concerns, and chose to indulge in some buying at reduced levels. Investors also reacted positively to the latest batch of corporate earnings news. The major averages all closed on a firm…

SunPower (NASDAQ:SPWR) – SunPower filed for Chapter 11 bankruptcy in the US and sold part of its business to Complete Solaria for $45 million. Complete Solaria will acquire Blue Raven Solar, New Homes segments, and SunPower’s non-installing dealer network. The company listed its assets and liabilities between $1 billion and $10 billion and will continue…

Stocks moved sharply lower during trading on Monday, extending the sell-off seen to close out the previous week. The major averages all showed significant declines, with the Nasdaq and the S&P 500 hitting three-month lows. The major averages ended the day off their lows of the session but still firmly negative. The Nasdaq (NASDAQI:COMP) plunged…

Nvidia (NASDAQ:NVDA) – According to Reuters, design flaws could delay the launch of Nvidia’s new AI chips by up to three months, affecting customers like Meta, Google, and Microsoft. The Blackwell series, succeeding the Grace Hopper Superchip, faces production issues, impacting orders from these major companies. Shares fell 7% pre-market. Kellanova (NYSE:K) – Mars, the…

Stocks moved sharply lower during trading on Friday, adding to the steep losses posted during Thursday’s session. With the extended sell-off, the tech-heavy Nasdaq dropped to its lowest closing level in two months and the S&P 500 hit a nearly two-month closing low. The major averages ended the day off their lows of the session…

The major U.S. index futures are currently pointing to a sharply lower open on Friday, with stocks likely to extend the sell-off seen over the course of the previous session. Concerns about the outlook for the U.S. economy may continue to weigh on Wall Street following the release of a closely watched Labor Department report…

After extending yesterday’s rally early in the session, stocks moved sharply lower over the coursed the trading day on Thursday. The major averages all showed substantial moves to the downside. The tech-heavy Nasdaq plunged 405.25 points or 2.3 percent to 17,194.15, the S&P 500 (SPI:SP500) tumbled 75.62 points or 1.4 percent to 5,446.68 and the…