Category: Market Summary

Norfolk Southern (NYSE:NSC) – Norfolk Southern fired its CEO, Alan Shaw, after an internal investigation into allegations of ethical policy violations. CFO Mark George was promoted to CEO. Shaw’s dismissal, which occurred after the 2023 disaster, is unrelated to the company’s financial performance. Shares fell 1.4% on Wednesday. Ryanair Holdings (NASDAQ:RYAAY) – Ryanair reduced its…

Stocks moved sharply lower early in the session on Wednesday but showed a substantial turnaround over the course of the trading day. The tech-heavy Nasdaq led the recovery, with all of the major averages ending the day in positive territory. After tumbling by as much as 1.4 percent in early trading, the Nasdaq surged 369.65…

GameStop (NYSE:GME) – GameStop announced an offering of up to 20 million shares. In Q2, GameStop reported revenue of $798.3 million, compared to $1.16 billion in the same period last year. Net income was $14.8 million (4 cents per share), while the prior year showed a $2.8 million loss (1 cent per share). Analysts expected…

Stocks fluctuated over the course of the trading session on Tuesday but managed to end the day mostly higher. The Nasdaq and the S&P 500 added to the strong gains posted during Monday’s session, although the narrower Dow bucked the uptrend. The Nasdaq and the S&P 500 saw further upside going into the close, reaching…

Apple (NASDAQ:AAPL) – The European Court of Justice ruled against Apple in a tax case regarding benefits received in Ireland, potentially leading to the recovery of up to $14.4 billion in back taxes. This decision follows a long dispute beginning in 2014 with an EU investigation. Apple launched the iPhone 16 yesterday, featuring AI and…

Following the sell-off seen in the previous week, stocks showed a strong move back to the upside during trading on Monday. The major averages all moved sharply higher over the course of the session. The major averages pulled back off their highs of the session in afternoon trading but remained firmly positive. The Dow surged…

Dell Technologies (NYSE:DELL), Palantir Technologies (NYSE:PLTR), Erie Indemnity (NASDAQ:ERIE), American Airlines (NASDAQ:AAL), Etsy (NASDAQ:ETSY), Bio-Rad Laboratories (NYSE:BIO) – S&P Dow Jones Indices announced that Dell Technologies, Palantir Technologies, and Erie Indemnity will be added to the S&P 500 on September 23. They will replace American Airlines, Etsy, and Bio-Rad Laboratories in the index. In pre-market…

With traders reacting negatively the monthly jobs report, stocks moved sharply lower during trading on Friday. The major averages all showed significant moves to the downside on the day, with the tech-heavy Nasdaq tumbling to its lowest closing level in almost a month. The major averages finished the day near their lows of the session.…

Salesforce (NYSE:CRM) – Salesforce announced the purchase of Own Company for $1.9 billion to strengthen its data privacy and security solutions. The acquisition aims to meet the growing demand for customer protection against data loss. Salesforce expects the transaction to drive growth starting from the second year after completion, slated for the fourth quarter of…

After ending yesterday’s lackluster session narrowly mixed, the major U.S. stock indexes turned in another mixed performance during trading on Thursday. While the S&P 500 closed lower for the third straight session, the tech-heavy Nasdaq ended the day in positive territory. The Nasdaq bounced back and forth across the unchanged line before eventually closing up…