Category: Market Summary

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. Despite the choppy trading, the Dow crept up to a new record closing high. The major averages all finished the day modestly higher. The Dow inched up 9.98…

Apple (NASDAQ:AAPL) – Apple has appointed Kevan Parekh as its new CFO, replacing Luca Maestri starting January 1, 2025. Parekh, who has been with Apple for over a decade, will lead the company during a period of significant iPhone updates, focusing on AI to boost sales. Sony Group (NYSE:SONY) – Sony will increase the price…

The major U.S. stock indexes turned in a mixed performance during trading on Monday, with the Dow reaching a new record closing high, while the tech-heavy Nasdaq saw a notable pullback after posting a strong gain last week. The Dow pulled back well off its best levels of the session and briefly dipped into negative…

International Business Machines (NYSE:IBM) – According to the South China Morning Post, IBM has closed its R&D operations in China, laying off over 1,000 employees due to geopolitical tensions. The company shut down its labs in Beijing, Shanghai, and Dalian but stated that it will continue to support customers in the region. IBM’s sales in…

Following the pullback seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The major averages all moved sharply higher, with the Dow and the S&P 500 reaching their best closing levels since reaching record highs in mid-July. The major averages gave back ground…

Uber Technologies (NYSE:UBER), General Motors (NYSE:GM) – Cruise, a self-driving car subsidiary of General Motors, has partnered with Uber to offer rides in its robotaxis on the platform starting next year. This collaboration comes as Cruise recovers from an accident in San Francisco, resuming testing with safety drivers. Cruise agreed to recall about 1,200 robotaxis…

After failing to sustain an early move to the upside, stocks came under considerable selling pressure over the course of the trading session on Thursday. The major averages pulled back well off their early highs and firmly into negative territory. The Nasdaq and the S&P 500 (SPI:SP500) finished the day just off their lows of…

Toronto Dominion Bank (NYSE:TD), Charles Schwab (NYSE:SCHW) – Canada’s TD Bank Group has set aside an additional $2.6 billion to cover penalties from U.S. regulatory investigations into deficiencies in its anti-money laundering (AML) program. To offset this cost, it will sell part of its stake in Charles Schwab, reducing its ownership from 12.3% to 10.1%.…

Following the modest pullback seen in the previous session, stocks moved back to the upside during trading on Wednesday. The major averages fluctuated over the course of the trading day but managed to close in positive territory. The Nasdaq and the S&P 500 closed higher for the ninth time in the past ten sessions. The…

Walmart (NYSE:WMT), JD.com (NASDAQ:JD) – Walmart intends to raise up to $3.74 billion by selling its 5.19% stake in the Chinese e-commerce company JD.com. They are offering 144.5 million shares between $24.85 and $25.85 each, with Morgan Stanley as the broker. The sale aims to focus resources on the company’s operations in China and other…