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.
30,181 total articles
Erasca Inc. shares fell 3.1% in after-hours trading after the clinical-stage oncology firm unveiled a proposed $500 million underwritten offering of common stock, with underwriters granted a 30-day option for an additional $75 million. The company said proceeds would support R&D and working capital. The financing announcement came the same day Eras…
MBX Biosciences announced that Executive Chairman Steve Hoerter will assume the roles of Chairman and Chief Executive Officer immediately, replacing Kent Hawryluk, who resigned as President, CEO and board member. The company also named John Smither, interim CFO since March 2026, as its permanent Chief Financial Officer. Shares fell 8.3% in after-ho…
Fluence Energy (NASDAQ:FLNC) saw its stock rise 4% in after-hours trading after announcing a contract with Avantus to deliver energy storage systems and turnkey Engineering, Procurement and Construction services for the Rexford 2 project in Southern California. The project will pair a 200 MW / 800 MWh Smartstack battery with a solar facility in Tul…
U.S. stock indexes finished lower on Monday as losses in the Technology, Industrials and Consumer Goods sectors pulled major averages down. The Dow fell 0.26%, the S&P 500 lost 0.79% and the Nasdaq Composite dropped 1.55%. A handful of large-cap names posted gains, while several technology and semiconductor names led decliners. Volatility rose and …
Canada's equity benchmark closed marginally lower as declines in the Materials, Consumer Discretionary and Financials sectors outweighed gains elsewhere. The S&P/TSX Composite finished the session down 0.15%, while a handful of individual stocks posted double-digit moves in both directions. Volatility measures rose and commodity markets saw notable…
Brazil's main stock index, the Bovespa, closed lower, driven by losses in the Real Estate, Electric Power and Public Utilities sectors. Market breadth showed more falling shares than advancing ones, with notable moves in individual stocks and across several commodity and currency benchmarks.
Erasca disclosed a proposed underwritten public offering of $500 million in common equity, prompting a 12% decline in the company’s shares in after-hours trading. The financing includes a 30-day option for underwriters to buy up to an extra $75 million of shares. Proceeds are intended to support development programs, research and development of pro…
Stifel has singled out two chipmakers as its preferred processor stocks entering the June-July earnings cycle, identifying NVIDIA as its top large-cap pick and AMD as a complementary exposure to accelerated computing. The firm highlights AI-driven demand, constrained compute capacity, and company-specific product ramps as the core catalysts behind …
Q32 Bio revealed plans for an underwritten public offering of $200 million in common stock and pre-funded warrants, with an underwriter option of up to $30 million. The company said net proceeds will support working capital needs, including research, clinical development and commercialization related to bempikibart. Shares dipped about 6% in after-…
Trex Company reported preliminary second-quarter revenue above its prior guidance range and raised its full-year 2026 targets for net sales and adjusted EBITDA. The company also announced a reconfiguration of its North American distribution partners, naming Specialty Building Products as its sole national distributor and shifting regional responsib…
Senator Elizabeth Warren has requested clarification from JPMorgan Chase CEO Jamie Dimon about whether advice from Jeffrey Epstein informed any lobbying against a proposed UK tax on bankers' bonuses. The inquiry, detailed in a letter released by the Senate Banking Committee, follows Justice Department documents and a Financial Times report citing 2…
Shares of Lulu’s Fashion Lounge Holdings surged in after-hours trading following the company’s announcement that its Board of Directors has created a special committee of independent directors to evaluate strategic alternatives. The review will consider options intended to maximize stockholder value, including potential transactions and the continu…
SBI Funds Management placed 26.63 billion rupees ($278.5 million) of shares with anchor investors as part of its planned 1.2 billion dollar initial public offering, allocating 46.4 million shares at 574 rupees per share. The anchor book includes sovereign wealth funds from Singapore and Abu Dhabi, global asset managers and large domestic mutual fun…
YPF Energía Eléctrica S.A. submitted paperwork on Monday for a proposed initial public offering on the New York Stock Exchange. The company says it is Argentina's largest pure-play power generator by installed capacity, operating 17 assets with 3,764 MW of capacity and supplying 15.0 TWh in the 12 months ended March 31, 2026. A significant share of…
Biogen shares jumped about 4.8% in afternoon trading after Truist Securities upgraded the stock to Buy from Hold and raised its price target to $235 from $190, citing increased confidence in the company’s Alzheimer’s pipeline and immunology assets ahead of key clinical readouts. Momentum was amplified by fresh AAIC 2026 data showing Leqembi’s once-…
Options trading in AppLovin Corp. reached 46,713 contracts by 3:40 p.m. New York time on Monday, split almost evenly between calls and puts. Several July and August 2026 strikes recorded the largest single-contract trades, with the July 17, 2026 $400 put the most active contract by volume and varied open interest profiles across the top strikes.
Samos Energy Acquisition Corporation completed an initial public offering of 23,000,000 units at $10.00 apiece, generating $230,000,000 in gross proceeds. The offering included the full exercise of a 3,000,000-unit overallotment option. Units started trading on the New York Stock Exchange on July 10, 2026, and the proceeds from the IPO and a concur…
Raymond James says Warner Bros. Discovery and Paramount Global are likely to move forward with their planned merger on July 22 despite a lawsuit from a 12-state coalition of attorneys general raising antitrust concerns in theatrical and basic cable markets. The suit targets three specific markets where the combined firm would hold roughly 27% to 30…
The U.S. Treasury is issuing roughly $155 billion a month in fiscal 2026, driving the fiscal year deficit toward a projected $2 trillion or more by September, according to the Committee for a Responsible Federal Budget (CRFB) citing the Congressional Budget Office. Rapid borrowing has pushed net interest costs sharply higher and is prompting calls …
A federal appeals court has reversed a lower-court dismissal and allowed Teva Pharmaceuticals to pursue claims that Eli Lilly breached a settlement tied to a generic version of the osteoporosis drug Forteo. The 7th U.S. Circuit Court of Appeals determined that the parties’ settlement agreement does not resolve the question of when the agreement exp…
Invesco QQQ Trust fell -1.8% in afternoon trading after President Trump announced the reinstatement of a naval blockade on shipping through the Strait of Hormuz. The social-media announcement, which included a demand for a 20% reimbursement on cargo, triggered a spike in crude oil prices and a flight from risk assets. A simultaneous selloff in semi…
Robinhood Markets is gauging market appetite for an inaugural asset-backed securities sale secured by receivables from its branded consumer credit cards. The offering is being pitched at a minimum of $400 million across four tranches, with the top-rated slice initially marketed at about 0.8 percentage point above the benchmark. The deal, which mana…
Oracle shares plunged to a new 52-week low after investors sharpened focus on the company’s large capital commitments and their near-term impact on free cash flow. Despite revenue growth and a strong cloud-infrastructure performance, mounting capex, a credit-rating downgrade and customer concentration tied to OpenAI have intensified selling, with b…
Options volume in Figma Inc. climbed to 145,248 contracts by 2:20 p.m. New York time on Monday, driven predominantly by call buying. Exchange data compiled by Bloomberg shows heavy activity in several July-dated call strikes and multi-leg spreads, with one call strike accounting for nearly half of total contracts traded in the sample.
Chipotle Mexican Grill shares climbed sharply after Mizuho raised its price target and lifted same-store sales estimates, citing stronger-than-expected traffic growth. A concurrent note from Citi that maintained a buy-equivalent rating supported investor interest, pushing CMG to session highs even as major indexes fell.
