Category: Top Story
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Five Market Events Investors Will Be Watching This Week
A packed calendar of economic releases and central bank events will dominate investor attention this week, despite a shortened trading schedule as U.S. markets close on Friday for the Independence Day holiday. The spotlight will also fall on the European Central Bank’s annual Sintra conference and earnings from Nike (NYSE:NKE). 1. U.S. Employment Report The…
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SpaceX Shares Rise Ahead of Nasdaq 100 Inclusion on July 7 (SPCX)
SpaceX (NASDAQ:SPCX) shares gained more than 1% in premarket trading on Monday after Nasdaq confirmed the aerospace and satellite communications company will be added to the Nasdaq 100 index on 7 July. The inclusion is expected to generate substantial passive investment demand as exchange-traded funds and other index-tracking products adjust their portfolios to reflect the…
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Morgan Stanley Lifts Tesla Delivery Forecast on Stronger Europe and China Demand (TSLA)
Morgan Stanley has increased its forecast for Tesla’s (NASDAQ:TSLA) second-quarter vehicle deliveries after stronger-than-expected sales trends in Europe and China, although the bank continues to take a cautious view of the company’s energy storage business. The brokerage now expects Tesla to deliver around 413,000 vehicles during the second quarter, up from its previous estimate of…
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Robinhood Shares Gain as June Trading Activity Reaches New Highs (HOOD)
Robinhood Markets (NASDAQ:HOOD) shares rose 1.1% in premarket trading on Monday after the company released preliminary June operating metrics showing record trading activity across several of its key business segments. The brokerage reported a 60% month-on-month increase in event contract volumes, while options trading climbed 38% and equity trading rose 27%. Cryptocurrency activity also strengthened,…
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Tech Sell-Off Extends into Friday as OpenAI IPO Delay Rattles AI Trade
U.S. stocks closed mostly lower on Friday, June 26, as a report that OpenAI may push its IPO to 2027 added fresh fuel to an already smoldering tech selloff. The news raised uncomfortable questions about the durability of AI spending — the theme that has driven much of the market’s gains over the past two…
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Wall Street Pre-Market: Futures Tumble as OpenAI IPO Delay Sparks AI Tech Rout, Oil Plummets
The mood in the Wall Street pre-market is one of strong risk aversion. Investors are reacting pessimistically to reports that OpenAI may delay its highly anticipated initial public offering (IPO), which has reignited doubts about actual financial returns compared to the astronomical infrastructure costs of Artificial Intelligence (AI). At 8:02 AM ET, Dow Jones index…
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Stocks Close Mixed as Micron Surge Fails to Offset Big Tech Slide
Wall Street delivered a split verdict on Thursday as a blowout earnings report from Micron Technology lifted the Dow Jones to a fresh all-time intraday high, while price hike announcements from Apple and Microsoft dragged the Nasdaq lower for the session. Markets were also digesting the latest reading on the Federal Reserve’s preferred inflation gauge,…
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Tech Rally and PCE Inflation Relief Lift Wall Street; Nasdaq Futures Surge as Micron Lead Market Rally
Dow Jones, S&P 500 and Nasdaq Futures are trading sharply higher this Thursday, fueled by a massive rally in the tech sector and investor relief over official inflation data. Pre-market optimism gained traction after corporate earnings crushed Wall Street estimates, while the macroeconomic landscape offered signs of monetary stability and cooling commodity prices. During pre-market…
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Comprehensive Healthcare Systems Accelerates Growth with Major Teamsters Contract Win
Comprehensive Healthcare Systems (TSXV:CHS) (USOTC:CMHSF) has strengthened its position as a leading provider of healthcare benefits administration technology after securing a new five-year agreement with the Teamsters Local 237 Welfare and Retirees Benefit Fund, one of the largest Teamsters-affiliated benefit organizations in the United States. The agreement represents another significant milestone for CHS as organizations…
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Germany’s Merck to Acquire Bio-Techne in $11.3 Billion Deal
Germany’s Merck KGaA has announced a major acquisition agreement to buy U.S.-based life sciences company Bio-Techne Corp (NASDAQ:TECH) in a deal valued at approximately $11.3 billion, marking one of the pharmaceutical and life-sciences sector’s most significant transactions of the year. Under the terms of the agreement, Merck will pay $73 per share in cash, representing…