Category: Market Summary

Stocks moved sharply higher over the course of the trading session on Monday, with technology stocks seeing a significant rebound following last week’s sell-off. The tech-heavy Nasdaq posted a standout gain, although all three major averages moved to the upside on the day. The major averages moved roughly sideways going into the close, hovering near…

Berkshire Hathaway (NYSE:BRK.A), Bank of America (NYSE:BAC) – Berkshire Hathaway sold 33.9 million Bank of America shares for approximately $1 .48 billion. After the sale, it still owns around 999 million shares in the bank. Warren Buffett’s Berkshire has invested in BofA since 2011, when it purchased preferred shares and warrants. Bank of America shares…

Stocks moved mostly lower during trading on Friday, with the Nasdaq and the S&P 500 extending the steep drop seen over the two previous sessions. The narrower Dow also moved to the downside, pulling back further off the record closing high set on Wednesday. The major averages all finished the day firmly in negative territory.…

Microsoft (NASDAQ:MSFT) – A widespread failure in Microsoft’s services affects many large companies globally. The outage, which extended from the U.S. to Asia, impacted the operations of many companies, causing issues from customer service to banking and airline operations, including McDonald’s, the London Stock Exchange, Bank of Israel. American, Delta, United, and Allegiant Air suspended…

Stocks showed a lack of direction in early trading on Thursday before coming under considerable selling pressure over the course of the session. With the downward move, the Nasdaq and the S&P 500 added to the steep losses posted in the previous session. The major averages all finished the day firmly in negative territory. The…

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC exceeded earnings and revenue expectations in the second quarter with $20.82 billion in revenue and a net profit of $7.6 billion. Strong demand for advanced chips for AI applications drove a 40.1% increase in revenue and a 36.3% rise in profit year-over-year. TSMC also adjusted its capital expenditure…

U.S. stocks turned in a mixed performance on Wednesday with geopolitical concerns and profit warning from Dutch semiconductor firm ASML (NASDAQ:ASML) rendering the mood cautious. Among the major averages, the Dow moved on to a new high, while the tech-laden Nasdaq ended sharply lower. The Dow ended with a gain of 243.60 points or 0.59…

HSBC Holdings (NYSE:HSBC) – HSBC has appointed Georges Elhedery, its current Chief Financial Officer, as the new CEO, reinforcing its strategy of continuity and growth. He will succeed Noel Quinn in September, marking the bank’s third leadership transition in less than eight years, maintaining its policy of internal promotion. As the new leader, Elhedery will…

Extending the upward move seen over the two previous sessions, stocks moved mostly higher during trading on Tuesday. The Dow led the charge, surging to a new record closing high. The Dow jumped 742.76 points or 1.9 percent to 40,954.48, the S&P 500 climbed 35.98 points or 0.6 percent to a new record closing high…

Match Group (NASDAQ:MTCH) – The activist investor Starboard, which holds more than 6.5% of Match, the owner of Tinder, is pushing for a sale of the company if the recovery does not occur, according to the Wall Street Journal. Starboard suggests improvements in Tinder, Match’s primary revenue source, and sees potential in Hinge. If changes…