ADVFN US – Market Content Editor
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Nvidia Insiders Sell Over $1 Billion in Stock Amid AI-Driven Market Rally, FT Reports
Nvidia executives and insiders have sold more than $1 billion worth of company stock over the past year, according to a report from the Financial Times on Sunday. The sell-off coincides with a sharp rise in Nvidia’s share price, fueled by surging investor enthusiasm around artificial intelligence. The report notes that over $500 million of…
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Wall Street Analysts – Weekly Recap
AMD (NASDAQ: AMD) What happened?On Monday, Melius Research upgraded AMD to a Buy rating with a $175 price target. Summary:AMD is gaining momentum through strategic partnerships in the Middle East, while GPU sales are projected to grow significantly. Details:Melius highlighted AMD’s recent collaborations with Saudi Arabia’s HUMAIN and the UAE’s G42 as key growth drivers.…
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Wall Street’s Stunning Comeback Complete as S&P 500 and Nasdaq Hit Record Highs
The U.S. stock market surged to new record highs on Friday, capping a remarkable rebound after teetering near bear market territory just over two months ago. The S&P 500 rose 0.5% to close at a record 6,173.07, its first all-time high since February 19. The Nasdaq Composite also gained 0.5%, marking its first record close…
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S&P 500, Nasdaq Finish Wild Ride At New Record Closing Highs
After moving sharply higher early in the session, stocks saw considerable volatility over the course of the trading day on Friday. The major averages showed wild swings as the day progressed, although the S&P 500 and the Nasdaq still managed to end the day at new record closing highs. The major averages moved to the…
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Bitcoin Steadies as Markets Brace for Fed Shake-Up Amid Trump’s Powell Exit Rumors
Bitcoin held its ground on Friday as investors weighed the possibility of a significant shift at the Federal Reserve. Reports suggest that former President Donald Trump is considering replacing Fed Chair Jerome Powell, a move that could dramatically alter the central bank’s stance on interest rates and liquidity. Midweek, the Dow Jones Industrial Average surged…
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U.S. Stocks Rise as Investors Weigh Ceasefire, Trade Developments, and Inflation Data
U.S. stocks moved slightly higher on Friday, continuing recent gains driven by a stable ceasefire between Israel and Iran, as well as early signs that trade tensions may be easing. Investors also focused on the Federal Reserve’s preferred measure of inflation. As of 9:32 a.m. ET, the Dow Jones Industrial Average was up 120 points…
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Nike, Lululemon Athletica, and Tesla Climb in Premarket Trading; CorMedix Slides
U.S. stock futures edged higher early Friday, as investors awaited a key inflation report that could impact future Federal Reserve policy decisions. Below are some of the notable U.S. premarket stock movers: Follow the premarket movers on InvestorsHub
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Nike Shares Jump as CEO Signals Business is Turning Around
Nike’s stock surged more than 9% in premarket trading on Friday after the company reported better-than-expected results for its fiscal fourth quarter. CEO Elliott Hill said during the earnings call that the worst of the company’s turnaround efforts is likely over, and things are set to improve from here. “It’s time to turn the page,”…
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Apogee Enterprises Shares Rally After Strong Q1 Results and Upgraded Forecast
Apogee Enterprises (NASDAQ:APOG) saw its stock climb over 6% in pre-market trading Friday after the company reported solid first-quarter results and raised its outlook for the full fiscal year. The Minneapolis-based manufacturer, which specializes in architectural building products, posted adjusted earnings of $0.56 per share for the quarter ended May 31—comfortably ahead of Wall Street…
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Meta Faces Potential Daily EU Fines Over Ad Model Compliance Issues
Meta Platforms (NASDAQ:META) is once again under pressure from European regulators, who have warned that the company could face daily fines starting June 27 if it fails to align its ad practices with the European Union’s Digital Markets Act (DMA), Reuters reported Friday. The dispute centers around Meta’s “pay-or-consent” model introduced in late 2023. Under…