Category: Market Summary

Nike (NYSE:NKE) – Elliott Hill, who started as an intern at Nike in 1988, will become the next CEO on October 14, replacing John Donahoe. Hill, with a 32-year career at Nike, is known for his work ethic and dedication. This change comes at a critical time, with the company facing declining sales and increasing…

After ending Wednesday’s session moderately lower following late-day volatility, stocks moved sharply higher during trading on Thursday. The major averages all showed strong moves to the upside, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels late in the trading session but remained…

American International Group (NYSE:AIG) – AIG has appointed Keith Walsh as Executive Vice President and Chief Financial Officer, effective October 21. Walsh brings over 20 years of experience, having been CFO at Marsh and an equity analyst at Citi. He will succeed Sabra Purtill and report to CEO Peter Zaffino. Progyny (NASDAQ:PGNY) – Progyny announced…

Stocks saw considerable volatility late in the trading session on Wednesday following the Federal Reserve’s announcement of its decision to lower interest rates. The major averages showed wild swings back and forth across the unchanged line before eventually closing in negative territory. The Dow and the S&P 500 reached new record intraday highs immediately following…

Meta Platforms (NASDAQ:META) – Meta could face a significant fine from the European Union for attempting to dominate the classifieds ad market. Regulators allege the company links its Marketplace services to Facebook to disadvantage competitors. The decision may be announced next month, under the supervision of Margrethe Vestager. Additionally, Meta is introducing privacy controls for…

After moving mostly higher early in the session, stocks gave back ground over the course of the trading day on Tuesday. The Dow and the S&P 500 reached new record intraday highs in early trading but subsequently pulled back near the unchanged line. The major averages ended the day narrowly mixed. While the Dow edged…

Microsoft (NASDAQ:MSFT), Vodafone (NASDAQ:VOD) – Microsoft announced a new stock buyback program of up to $60 billion and a 10% increase in its quarterly dividend to $0.83. The company plans to hold its annual shareholders’ meeting on December 10. Additionally, Microsoft revealed that Vodafone signed a significant contract to use 68,000 licenses for Copilot AI…

U.S. stocks ended on a mixed note on Monday as investors looked ahead to the Federal Reserve’s monetary policy announcement later this week, and stayed largely cautious and selective with regard to their moves. Among the major averages, the Dow (DOWI:DJI) hit a new record high and ended up 228.30 points or 0.55 percent at…

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…