Category: Market Summary

After ending yesterday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq showed a particularly steep drop on the day, tumbling to its lowest closing level in over a month. The major averages saw further downside late in the session, closing near their…

Meta Platforms (NASDAQ:META) – Meta launched the Llama 3 AI model, with 405 billion parameters, surpassing the previous version in language, coding, and math. Despite being smaller than rival models like GPT-4, Llama 3 offers free versions for developers, aiming to outshine competitors and drive innovation. Shares fell 1.7% pre-market. Tesla (NASDAQ:TSLA) – Elon Musk…

Stocks showed a lack of direction over the course of the trading session on Tuesday, with the major averages bouncing back and forth across the unchanged line following the strong upward move seen in the previous session. The major averages eventually ended the day modestly lower. The Dow slipped 57.35 points or 0.1 percent to…

Johnson Controls (NYSE:JCI), Robert Bosch GmbH (TG:R1WE) – Robert Bosch GmbH plans to buy Johnson Controls’ heating and ventilation division for $8 billion, expanding its operations beyond the automotive sector. The deal includes the complete acquisition of a joint venture with Hitachi, strengthening Bosch’s presence in global heating, ventilation, and air conditioning markets. The transaction…

Stocks moved sharply higher over the course of the trading session on Monday, with technology stocks seeing a significant rebound following last week’s sell-off. The tech-heavy Nasdaq posted a standout gain, although all three major averages moved to the upside on the day. The major averages moved roughly sideways going into the close, hovering near…

Berkshire Hathaway (NYSE:BRK.A), Bank of America (NYSE:BAC) – Berkshire Hathaway sold 33.9 million Bank of America shares for approximately $1 .48 billion. After the sale, it still owns around 999 million shares in the bank. Warren Buffett’s Berkshire has invested in BofA since 2011, when it purchased preferred shares and warrants. Bank of America shares…

Stocks moved mostly lower during trading on Friday, with the Nasdaq and the S&P 500 extending the steep drop seen over the two previous sessions. The narrower Dow also moved to the downside, pulling back further off the record closing high set on Wednesday. The major averages all finished the day firmly in negative territory.…

Microsoft (NASDAQ:MSFT) – A widespread failure in Microsoft’s services affects many large companies globally. The outage, which extended from the U.S. to Asia, impacted the operations of many companies, causing issues from customer service to banking and airline operations, including McDonald’s, the London Stock Exchange, Bank of Israel. American, Delta, United, and Allegiant Air suspended…

Stocks showed a lack of direction in early trading on Thursday before coming under considerable selling pressure over the course of the session. With the downward move, the Nasdaq and the S&P 500 added to the steep losses posted in the previous session. The major averages all finished the day firmly in negative territory. The…

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC exceeded earnings and revenue expectations in the second quarter with $20.82 billion in revenue and a net profit of $7.6 billion. Strong demand for advanced chips for AI applications drove a 40.1% increase in revenue and a 36.3% rise in profit year-over-year. TSMC also adjusted its capital expenditure…