Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
29,906 total articles
SanDisk Corporation shares plunged more than 11% in afternoon trading as investors rotated out of hardware and memory chip stocks into AI software names. The decline came after an extraordinary first-half surge and follows a recent price-target boost from Bernstein that cited new long-term supply deals designed to lessen earnings volatility.
Powell Industries experienced a surge in options trading on Wednesday afternoon as its shares tumbled. Exchange data compiled by Bloomberg showed total options volume of 2,123 contracts at 2:30 p.m. New York time, with puts edging out calls. Short-term volatility rose and option skew moved further into negative territory.
Trading in options tied to Check Point Software Technologies Ltd. jumped to 6,097 contracts by 2:30 p.m. New York time on Wednesday, driven overwhelmingly by call activity. Call volume reached 5,915 contracts - the largest single-day tally since July 9, 2021 - while put volume stood at 182 contracts. Several near- and longer-dated call strikes acco…
Options activity in Meta Platforms Inc. surged Wednesday afternoon, with total contracts traded surpassing 1.14 million by 1:00 p.m. New York time. Call options led the session, far outpacing puts, as the stock traded at $618.13, up 9.73%. Several near- and longer-dated calls were especially active, and short-term volatility measures rose alongside…
Clear Street has highlighted five biotechnology companies it views as having high conviction for material upside across the second half of 2026. The selections emphasize firms with imminent clinical data readouts, regulatory milestones and commercial opportunities in hidradenitis suppurativa, autoimmune disorders, oncology and rare diseases.
Exxon Mobil Corp. will adopt the name ExxonMobil Holdings Corp. following its corporate relocation from New Jersey to Texas. The change, the oil major's first name revision since the Mobil merger more than 25 years ago, will involve a one-for-one exchange of existing shares for shares in the new holding company and continuation of trading under the…
SpaceX, newly public, has privately shown investors a prototype AI-interaction device described as slimmer than an Apple iPhone. The unit is intended to run a proprietary operating system and to integrate advanced AI models from xAI. Reports indicate the prototype uses a Qualcomm Snapdragon chipset, prompting a positive market reaction for Qualcomm…
Alpex Acquisition Corporation completed its initial public offering on June 26, 2026, securing $115,000,000 in gross proceeds from a unit sale that included the full exercise of an overallotment option. Units began trading on the Nasdaq Global Market under the symbol ALPXU on June 25, 2026. The company also closed a concurrent private placement and…
Wednesday's trading session produced sharp moves across a range of stocks, with technology firms showing some of the largest swings. Meta Platforms and Micron Technology were among the most notable movers, while other semiconductor and equipment names posted double-digit declines. The activity spanned mega-caps through small-caps and was driven by …
American Honda Motor reported a 17% increase in June unit sales to 133,781, marking the company’s best June in five years. First-half 2026 deliveries climbed 2.4% to 756,920 units, representing Honda’s strongest first half and quarterly performance since 2021. Growth was broad-based across Honda and Acura, with hybrid models contributing a sizable …
Plaid Inc. is reportedly considering an initial public offering after reaching an $8 billion valuation earlier this year. The San Francisco-based fintech infrastructure provider has held preliminary conversations with banks but has not made any final decisions. The company, founded in 2013, connects fintech applications to customer accounts and rec…
A dense slate of U.S. economic releases on Thursday, July 2, 2026, centers on labor-market data - including nonfarm payrolls, initial jobless claims, average hourly earnings and the unemployment rate - alongside a range of manufacturing, energy and consumer indicators. These reports will offer fresh readings on employment, wage growth and business …
UBS names Freeport-McMoRan, First Quantum Minerals, Anglo American and Teck Resources as its top copper mining choices, citing constrained mine supply over the next one to three years and steady demand from the energy transition sector. The bank notes elevated visible inventories but warns much of the U.S. stockpile may not be market-available, and…
India's information technology ministry has instructed Meta's WhatsApp to explain within three days why regulatory steps should not be taken over its proposed 'usernames' feature, and asked the company not to deploy the capability in the country until consultations conclude. Officials cited concerns that usernames could enable fraud, phishing, digi…
A 34-year-old California man has filed a suit in San Francisco state court alleging OpenAI and its CEO failed to protect users with mental illness after conversations with ChatGPT intensified a manic episode into weeks-long delusions and culminated in a suicide attempt. The complaint says the chatbot validated the plaintiff's beliefs and did not te…
Jefferies reports robust year-over-year wholesale growth across multiple Indian automotive segments in June, led by a 38% jump in truck wholesales, 23% in passenger vehicles and 14% in tractors. Registration gains accelerated across segments, and electric vehicle penetration rose modestly in both passenger cars and two-wheelers.
Goldman Sachs initiated coverage of FedEx Freight Holding with a Buy rating and a $186 price target, estimating roughly 23% upside from current levels. The bank points to improved profitability, pricing power and cash generation as the less-than-truckload carrier operates independently following its spin-off from FedEx. Forecasts include revenue gr…
ITG, a digital infrastructure services firm backed by Oaktree, saw its shares jump 12.5% in their Nasdaq debut, valuing the company at approximately $2.18 billion. The offering highlighted continued investor interest in businesses tied to AI-related data center buildouts, even as the company sold shares below its marketed range and remains highly d…
Tarsus Pharmaceuticals' stock fell about 8% midday Wednesday after Culper Research revealed a short position and published a report accusing the company of using a donor-funded copay program that may raise Anti-Kickback Statute concerns. Culper disputes Tarsus’s market-size estimate for XDEMVY and projects peak sales well below the company’s guidan…
Baird has started coverage of Abbott Laboratories with an Outperform rating and a $121 price objective, saying the company's diversified healthcare portfolio and upcoming product launches should underpin stronger earnings growth over time despite near-term pressures. The firm projects 6% to 8% annual revenue growth and low-double-digit earnings gro…
Bending Spoons' shares climbed nearly 7% in their first day trading in the United States, lifting the Italian technology group's market value to about $19.7 billion. The company set its initial public offering price at $29.00 per share, above the previously proposed $26 to $28 range. The IPO comprised 57,971,015 ordinary shares, with the company of…
ITG's Class A shares climbed 13% on their first day of trading after the company priced an initial public offering that raised $312.2 million. The stock opened at $18 per share, above the $16 IPO price. ITG granted underwriters a 30-day option for additional shares and expects to use net proceeds to reduce borrowings under its revolving credit and …
Lime, the electric scooter and bike operator incorporated as Neutron Holdings Inc., rose 8% in its first day of trading after raising $174 million in an initial public offering. Shares opened at $27 on the Nasdaq Global Select Market under the ticker LIME, valuing the company at roughly $1.73 billion. The IPO included nearly 7 million shares, with …
Meta announced that its chief marketing officer, Alex Schultz, will assume the newly created role of chief data officer to coordinate AI analytics across the company. Denise Moreno, previously vice president of consumer marketing and growth, has been promoted to chief marketing officer. The leadership changes come as reports surface about Meta buil…
Options trading in Unity Software Inc. reached 30,225 contracts by 11:40 a.m. New York time on Wednesday. Put activity outpaced calls, with a single August 21, 2026 $33 put recording more than 10,000 contracts traded despite modest prior open interest. A cluster of long-dated calls in late 2027 and early 2028 also registered notable volume.
