Category: Market Summary

U.S. stocks ended mixed on Monday as investors stayed largely cautious ahead of some crucial economic data, including a report on personal income & spending due later in the week. Among the major averages, the Dow closed higher, extending gains to a fifth straight session. The index ended up by 260.88 points or 0.67 percent…

United Parcel Service (NYSE:UPS) – United Parcel Service will sell its Coyote Logistics unit to RXO for $1.025 billion. The transaction will be financed through equity and debt, including significant investments from MFN Partners and Orbis Investments. The sale allows UPS to focus more on its core business. Under Armour (NYSE:UAA) – Under Armour agreed…

Following the mixed performance seen in the previous sessions, stocks showed a lack of direction over the course of the trading day on Friday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow (DOWI:DJI) inched up 15.57 points…

Honeywell (NASDAQ:HON) – Honeywell announced the acquisition of CAES Systems for $1.9 billion, focusing on expanding its aerospace and defense technology operations. Under the leadership of CEO Vimal Kapur since June 2023, Honeywell seeks growth in automation, future aviation, and energy transition, consolidating its third major deal of the year. Sarepta Therapeutics (NASDAQ:SRPT) – The…

Following a modest move to the upside early in the session, the major U.S. stock indexes moved in starkly opposite directions during trading on Thursday. While the Nasdaq and the S&P 500 pulled back off their early highs and into negative territory, the narrower Dow saw continued strength. The Dow ended the day up 299.90…

Trump Media & Technology Group (NASDAQ:DJT) – Trump Media & Technology Group announced that the SEC approved the resale of shares and warrants, expecting to raise about $247 million. With the warrants now exercisable, they plan to expand Truth Social and consider mergers. The company’s stock has fallen 46% in value since it closed its…

Nvidia’s (NASDAQ:NVDA) share price climbed to an all-time high on Tuesday, boosting its value to make it the world’s highest valued company. The company’s stock price finished the trading day at almost $136, a rise of 3.5%, which means the company is now valued at $3.34 trillion. The price has nearly doubled since the start…

Following the strong upward move seen over the course of the previous session, stocks turned in a relatively lackluster performance during trading on Tuesday. Despite the choppy trading, the S&P 500 and the Nasdaq once again reached new record closing highs. The major averages all finished the day modestly higher. The S&P 500 (SPI:SP500) climbed…

Fisker (NYSE:FSR) – The American electric vehicle manufacturer filed for bankruptcy last night, aiming to sell its assets and restructure debts following severe financial challenges in the production and delivery of its “Ocean” SUVs. Fisker, declaring bankruptcy under Chapter 11, reported assets valued between $500 million and $1 billion and liabilities ranging from $100 million…

Stocks showed a lack of direction early in the session on Monday but moved notably higher over course of the trading day. The major averages all moved to the upside, with the Nasdaq and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close…