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.
30,184 total articles
U.S. stock index futures were mixed early Wednesday as the S&P 500 and Nasdaq futures ticked up following a sharp two-day pullback in tech and semiconductor shares. Market participants were awaiting earnings from memory-chip maker Micron for indications about AI-driven demand. In premarket action, Absci and FuelCell Energy posted large gains on cli…
Stifel has increased its year-end S&P 500 target to about 7,800, arguing that strong earnings growth - led by heavy AI-related fixed investment - will propel the index higher despite expected compression in price-to-earnings multiples and rising market concentration. The firm expects trailing 12-month S&P 500 earnings per share of roughly $337, abo…
Hertz Global Holdings cut its second-quarter Adjusted Corporate EBITDA forecast and disclosed plans to raise capital via a $100 million share-lending equity sale and a $300 million private note issuance. The company said losses on vehicle sales in May offset April gains, pushing its expected net depreciation per unit to about $300 for the quarter. …
Absci's stock climbed sharply in pre-market trading after the company reported positive interim Phase 1 data from its first-in-human HEADLINE study of ABS-201. The readout highlighted a favorable emerging safety, pharmacokinetic, and immunogenicity profile for the antibody, which was designed with Absci's generative AI platform to target the prolac…
Cognition Therapeutics' stock climbed after the U.S. Food and Drug Administration provided written feedback on a pivotal Phase 3 study for zervimesine (CT1812) targeting psychosis in dementia with Lewy bodies. The agency agreed that psychosis in this population could be an approvable outcome and aligned with the company on core elements of a regist…
Warner Bros. Discovery (WBD) equity climbed 1.25% on Wednesday after a report indicated that European Union regulators are poised to approve Paramount’s proposed acquisition of the company, provided certain remedies are accepted. Negotiations over the specific conditions are ongoing following a meeting earlier this week; one potential condition cou…
Terawatt Infrastructure Inc. has obtained a credit facility that can reach $300 million to finance the purchase and construction of electric vehicle charging locations domestically and internationally. The initial five-year senior secured tranche is for up to $150 million, arranged by RBC Capital Markets, with an option to increase by an additional…
Futures tied to Canada’s main stock gauge slipped in early trade on Wednesday as a steep technology-led decline on Wall Street and softer commodity prices pressured investor sentiment. Market participants are awaiting remarks from Senior Deputy Governor Carolyn Rogers for guidance on the Bank of Canada’s policy path, while a broad revaluation of AI…
FuelCell Energy stock climbed 16% Wednesday morning after the company announced a strategic agreement with Fit Energy USA LP to supply up to 380 megawatts of clean power for data centers using FuelCell Energy's fuel cell technology. The deal includes an immediate deposit for an initial 30 MW delivery slated for later this year and a warrant package…
Barclays strategists say the protracted underperformance of U.K. equities since the 2016 referendum stems from several structural factors beyond the Brexit vote. Key issues include almost no technology sector weight in the U.K. benchmark, sizeable capital outflows, a dramatic drop in domestic ownership and a thinning supply of listed equity. While …
Absci Corporation stock climbed 24% after the company disclosed interim Phase 1 safety findings for ABS-201, an anti-prolactin receptor antibody for androgenetic alopecia. The single ascending dose portion in healthy volunteers showed no serious adverse events and a long estimated half-life, while the company has begun multiple ascending dose testi…
Cerebras Systems' stock plunged roughly 14% in premarket trading after the company said its forecast for adjusted gross margins in 2026 would be lower than the 47% reported in the first quarter. The guidance — 38% to 41% — sits well below margin levels reported by larger rivals and raised concerns about near-term margin pressure as the company scal…
KB Securities cautions that thematic stocks tied to robotics and space could be particularly exposed in a market correction, likening current investor behavior to the late stages of the dot-com bubble. Analyst Euntaek Lee outlined a sequential pattern of declines during the dot-com collapse and identified companies reliant on distant profitability …
Morgan Stanley has designated Subsea 7 as its new Top Pick within European energy services after Brazil’s Administrative Council for Economic Defense (CADE) approved the proposed merger with Saipem on the evening of June 23 without imposing remedies. The decision removes what Morgan Stanley called the single biggest obstacle to closing the deal and…
Shares of EssilorLuxottica fell nearly 4% after Deutsche Bank signaled that second-quarter adjusted operating profit is likely to be broadly unchanged, and said consensus forecasts should be revised down before it could adopt a more positive stance. Analyst Falko Friedrichs left a Hold rating in place while trimming his price target slightly to €18…
Take-Two Interactive announced a November 19 launch for Grand Theft Auto VI with a standard price of $79.99 and an Ultimate Edition at $99.99. Pre-orders are scheduled to begin June 25. The company expects the release to rank as the largest videogame launch globally, with sales of billions of dollars in the days following release, reflecting the fr…
Indian equity benchmarks ended Wednesday's session higher, paced by gains in Real Estate, Information Technology and Banking names. The Nifty 50 rose 0.83% while the BSE Sensex gained 1.04%. Breadth was mixed across the exchanges and volatility as measured by the India VIX eased, while key commodities and currency pairs moved lower.
Shares of Cerebras Systems plunged in pre-market trading after the AI chipmaker issued its first earnings report since its May initial public offering. While Q1 2026 GAAP revenue rose 94% year-over-year to $193.4 million, management warned of a sharp fall in adjusted gross margins for Q2 2026 driven by temporary data-center rental costs and provide…
Sharp's stock jumped 15.1% to close at ¥665.5 after the company signed a memorandum of understanding with Hon Hai Precision Industry expanding strategic collaboration across several high-growth, capital-intensive technology areas. The move, combined with a scheduled Annual General Meeting and materially improved FY2026 financials, rekindled investo…
ALP, the U.S. nicotine pouch brand co-owned by Tucker Carlson and Turning Point Brands, will begin selling online across 11 European markets starting in July, CEO Lorenzo De Plano said. The company is targeting a top-two position in the European Union by 2030, has secured manufacturing capacity in Lithuania, and partnered with Conor McGregor to sup…
Subsea 7 stock climbed after Brazil's competition authority granted unconditional approval for the proposed merger with Saipem. The nod from CADE removes a key regulatory hurdle in Brazil, lifting the stock close to its 52-week peak despite broader equity market weakness and with no earnings catalyst driving the move.
FedEx reported fiscal Q4 2026 adjusted EPS of $6.31 on $25 billion in revenue, topping consensus. However, the company issued calendar year 2026 adjusted EPS guidance of $16.90 to $18.10, well below the roughly $19.86 analysts expected, prompting a sharp pre-market decline in its shares as investors digested persistent cost pressures tied to the Fe…
Bilibili announced a $300 million share repurchase program effective immediately, authorizing buybacks over the next 24 months and funded from existing cash. The move, which covers both Class Z ordinary shares and American depositary shares, lifted the stock in pre-market trading even as major U.S. indexes fell. Recent quarterly results showing str…
Ambu fell sharply after Danske Bank cut its rating to Sell from Neutral, citing an accelerated rise in competitive pressures within the company’s urology business and broader concerns about near-term growth for the single-use endoscopy specialist. The move follows earlier price-target reductions from UBS and ABG Sundal Collier and pushed the stock …
SK hynix Inc. has submitted a prospectus to list American Depositary Shares (ADSs) on the Nasdaq Global Select Market under the ticker SKHY. Each ADS will represent a fraction of a single common share, with the underlying common shares carrying a par value of ₩5,000. The number of ADSs to be offered and the IPO price have not been decided and will …
