Category: Market Summary

SunPower (NASDAQ:SPWR) – SunPower filed for Chapter 11 bankruptcy in the US and sold part of its business to Complete Solaria for $45 million. Complete Solaria will acquire Blue Raven Solar, New Homes segments, and SunPower’s non-installing dealer network. The company listed its assets and liabilities between $1 billion and $10 billion and will continue…

Stocks moved sharply lower during trading on Monday, extending the sell-off seen to close out the previous week. The major averages all showed significant declines, with the Nasdaq and the S&P 500 hitting three-month lows. The major averages ended the day off their lows of the session but still firmly negative. The Nasdaq (NASDAQI:COMP) plunged…

Nvidia (NASDAQ:NVDA) – According to Reuters, design flaws could delay the launch of Nvidia’s new AI chips by up to three months, affecting customers like Meta, Google, and Microsoft. The Blackwell series, succeeding the Grace Hopper Superchip, faces production issues, impacting orders from these major companies. Shares fell 7% pre-market. Kellanova (NYSE:K) – Mars, the…

Stocks moved sharply lower during trading on Friday, adding to the steep losses posted during Thursday’s session. With the extended sell-off, the tech-heavy Nasdaq dropped to its lowest closing level in two months and the S&P 500 hit a nearly two-month closing low. The major averages ended the day off their lows of the session…

The major U.S. index futures are currently pointing to a sharply lower open on Friday, with stocks likely to extend the sell-off seen over the course of the previous session. Concerns about the outlook for the U.S. economy may continue to weigh on Wall Street following the release of a closely watched Labor Department report…

After extending yesterday’s rally early in the session, stocks moved sharply lower over the coursed the trading day on Thursday. The major averages all showed substantial moves to the downside. The tech-heavy Nasdaq plunged 405.25 points or 2.3 percent to 17,194.15, the S&P 500 (SPI:SP500) tumbled 75.62 points or 1.4 percent to 5,446.68 and the…

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see further upside following the rally seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from Facebook parent Meta Platforms (NASDAQ:META). Shares of Meta are surging by 8.8 percent…

After moving sharply higher early in the session, stocks continued to turn in a strong performance throughout the trading day on Wednesday. The major averages all moved to the upside after ending Tuesday’s trading mixed, with the tech-heavy Nasdaq posting a particularly strong gain. The Nasdaq soared 451.98 points or 2.6 percent to 17,599.40, more…

Advanced Micro Devices (NASDAQ:AMD) – The semiconductor and processor company reported adjusted second-quarter earnings of 69 cents per share and $5.84 billion in revenue, beating the 68 cents and $5.72 billion forecasts, respectively. AI chip revenue exceeded $1 billion in the second quarter. AMD raised its AI chip sales forecast to $4.5 billion in 2024,…

After ending yesterday’s choppy trading session narrowly mixed, the major U.S. stock indexes moved in more starkly opposite directions during trading on Tuesday. While the tech-heavy Nasdaq moved sharply lower, the Dow ended the day firmly positive. The Nasdaq tumbled 222.78 points or 1.3 percent to 17,147.41, ending the session at its lowest closing level…