ADVFN US – Market Content Editor
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Stock Market Wrap: S&P 500 Slips Amid Inflation Concerns, Mixed Bank Earnings
The S&P 500 ended lower on Tuesday as strength in the tech sector, led by Nvidia, failed to outweigh weakness in financial stocks. Mixed earnings results from major U.S. banks and fresh inflation data added to investor uncertainty. At the close of trading, the Dow Jones Industrial Average dropped 436 points, or 1%, the S&P…
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Nasdaq Reaches Record Closing High But Dow, S&P 500 Move Lower
Stocks moved mostly higher early in the session on Tuesday but gave back ground over the course of the trading day. The major averages pulled back well off their highs of the session before eventually closing mixed. While the tech-heavy Nasdaq rose 37.47 points or 0.2 percent to a new record closing high of 20,677.80,…
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Joby Aviation Shares Surge Following Doubling of Production Capacity
Joby Aviation (NYSE:JOBY) saw its stock jump 8.1% after the electric air taxi company revealed it has significantly increased production capacity at its Marina, California facility, effectively doubling its output potential. The expanded manufacturing site now covers roughly 435,500 square feet and is designed to support Joby’s plans to scale up commercial operations. The company…
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Rani Therapeutics Shares Drop Sharply Following $3 Million Direct Offering Announcement
Rani Therapeutics Holdings Inc (NASDAQ:RANI) experienced a steep decline of 35.8% in its stock price after revealing plans for a registered direct offering aimed at raising around $3 million in gross proceeds. Specializing in oral biologic and drug delivery, the clinical-stage biotech firm has entered into a purchase agreement with a single institutional investor. The…
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Apple to adopt Samsung’s crease-free display tech for upcoming foldable iPhone – Analyst Kuo
Apple (NASDAQ:AAPL) is set to utilize Samsung Display’s crease-free screen technology for its foldable iPhone, which is expected to enter large-scale production in the latter half of 2026, according to Ming-Chi Kuo from TF International Securities. Rather than creating its own folding screen design, Apple will rely on Samsung’s proven solution to ensure consistent mass…
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Encompass Health shares drop after New York Times highlights rehab hospital safety issues
Shares of Encompass Health Corporation (NYSE:EHC) declined 3.6% following a New York Times investigation that raised concerns about patient safety at rehabilitation hospitals, including several serious incidents at Encompass facilities. The report revealed that Encompass Health, a leading provider in the rehab hospital sector, along with other for-profit operators, has faced rare but severe patient…
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Tesla’s North America Sales Head Steps Down Amid Declining Sales, Reports WSJ
Troy Jones, who led Tesla’s (NASDAQ:TSLA) sales operations across North America, has exited the company after a 15-year tenure, according to sources cited by the Wall Street Journal. Jones held the role of vice president overseeing sales, service, and delivery in Tesla’s biggest market. His departure marks the latest in a series of high-profile executive…
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Nvidia Shares Surge as H20 Chip Sales Resume in China and New Processor Unveiled
NVIDIA Corporation (NASDAQ:NVDA) announced Monday evening that it will soon resume sales of its H20 processor in China, signaling a positive shift in trade relations between the U.S. and China. This update follows recent meetings between CEO Jensen Huang and officials from both countries. In addition, Nvidia introduced a new graphics processing unit tailored specifically…
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GE Vernova Stock Reaches Record High of $557.38
Shares of GE Vernova LLC (NYSE:GEV) surged to an all-time peak of $557.38, marking a major milestone for the company, which now boasts a market capitalization of $151 billion. Over the past year, the stock has soared by a remarkable 204.24%, reflecting strong investor confidence fueled by strategic moves and favorable market trends. The company’s…
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Coupang Stock Climbs to 52-Week High of $30.97
Shares of Coupang LLC (NYSE:CPNG) have hit a 52-week peak at $30.97, pushing the company’s market value to approximately $56 billion. This milestone reflects a strong growth trend for the South Korean e-commerce leader, with the stock rising an impressive 44.49% over the past year. Analyst price targets vary between $22.80 and $37.70, signaling robust…