Category: Market Summary
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Qualcomm Develops Mixed Reality Glasses; Verizon to Boost Dividend, Eyes Acquisition; Samsonite Plans US Dual Listing
Qualcomm (NASDAQ:QCOM) – Qualcomm, in collaboration with Samsung and Google, is developing mixed-reality glasses that connect to smartphones, offering a lighter, more portable alternative to Apple’s bulky headsets. Qualcomm CEO Cristiano Amon hopes these glasses will provide new experiences and expand the mixed-reality market, which is currently smaller than the smartphone market. Shares rose 0.2%…
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U.S. Stocks Finish Choppy Trading Session Narrowly Mixed
Following the sell-off seen during Tuesday’s session, stocks showed a lack of direction over the course of the trading day on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually finished the day narrowly mixed. While the Dow inched up 38.04 points or 0.1 percent…
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Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings
Nvidia (NASDAQ:NVDA) – Nvidia’s stock closed down 9.5% on Tuesday, leading to a $279 billion loss in market value due to fading optimism over AI following weak economic data. Historically, September has been tough for Nvidia, and this year is no exception. The stock has already dropped 20% from its all-time high. However, performance tends…
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Renewed Economic Concerns Contribute To Sell-Off On Wall Street
Stocks moved sharply lower over the course of the trading day on Tuesday, with the major averages more than offsetting the strong gains posted last Friday. With the steep drop, the Dow pulled back well off the record closing high set in the previous session. The major averages climbed off their worst levels going into…
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Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after ending last Friday’s trading sharply higher. Traders may look to cash in on the previous session’s gains amid lingering uncertainty about the outlook for interest rates. The Federal Reserve is almost universally expected…
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U.S. Stocks Fluctuate Before Closing Sharply Higher
Stocks fluctuated over the course of the trading session on Friday before eventually ending day sharply higher. The Dow closed higher for the fifth time in the past six sessions, reaching a new record closing high. The major averages reached new highs for the session going into the close of trading. The Nasdaq surged 197.19…
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Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks
Intuitive Machines (NASDAQ:LUNR) – NASA awarded Intuitive Machines a $116.9 million contract to deliver six payloads to the lunar south pole. This marks the company’s fourth contract under NASA’s Commercial Lunar Payload Services initiative, with the second lunar mission in final assembly stages. Shares are up 18.3% pre-market, after closing up 3.2% on Thursday. Intel…
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Dow Reaches New Record Closing High But Nasdaq Edges Lower As Nvidia Slumps
Stocks turned in a strong performance throughout much of the trading day on Thursday but gave back ground in the latter part of the session. The major averages pulled back well off their highs of the session, with the Nasdaq and the S&P 500 slipping into negative territory. The tech-heavy Nasdaq dipped 39.69 points or…
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Big Lots Falls 27%, Considers Bankruptcy; DraftKings Acquires Simplebet, Berkshire Hits $1 Trillion
Big Lots (NYSE:BIG) – Big Lots is considering filing for bankruptcy protection soon, according to Bloomberg. The company is seeking investors to avoid Chapter 11, with its stock falling 27% last week and nearly 88% this year. Big Lots is facing financial difficulties due to declining sales and high interest rates. The stock fell 26.9%…
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Nvidia Shares Fall Despite More Than Doubling Sales
Chip-maker Nvidia (NASDAQ:NVDA) announced record revenues of $30bn over a three-month period, but shares have fallen. The company has seen its stock market value rising to over $3 trillion thanks to the AI boom. Analysts had forecast sales growth for the company of $28.7bn for the three months to 28 July. It has surpassed this,…