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.
30,207 total articles
Russian equities closed lower on Friday, with the MOEX Russia Index falling 0.22% to register a six-month low. Losses were led by the Mining, Power and Oil & Gas sectors, even as several large-cap names posted gains. Market breadth showed more advancers than decliners, the Russian Volatility Index eased, gold futures rose sharply and crude oil benc…
Lockheed Martin received two U.S. Department of War contracts totaling about $2.8 billion: a $2.29 billion indefinite-delivery/indefinite-quantity agreement for initial, non-recurring F-35 sustainment activities and up to $525 million for Sikorsky-led CH-53K engineering and flight-test support. Work locations, percentages, and completion dates were…
Target shareholders voted against a proposal to separate the board chair role from executive leadership, with 38.1% of shares supporting the measure. While this represents a gain from last year’s 29% level, it was not enough to force a change and allows former CEO Brian Cornell to continue as executive chair after handing the CEO position to Michae…
Laser Photonics Corp reported that it has satisfied Nasdaq’s reporting requirement after filing its delayed Form 10-Q for the first quarter of 2026, prompting a modest after-hours share increase. Nasdaq confirmed the company restored compliance with Listing Rule 5250(c)(1) and closed the matter after the filing was accepted.
BMO Capital Markets reaffirmed DraftKings as its Top Pick in the gaming sector, maintaining an Outperform rating and a $50 price target. The firm pointed to substantial month-over-month increases in the company’s prediction market activity in May, with annualized consumer and total volumes rising to $1.3 billion and $3.1 billion, respectively. BMO …
S&P Global Ratings raised the credit ratings of Howard Hughes Holdings Inc. and its subsidiary to BB+ from B+, removed the firms from CreditWatch positive, and upgraded the issue-level rating on Howard Hughes Corp.'s senior unsecured debt to BB+ while increasing the recovery rating to 4. The action follows Howard Hughes' roughly $2.1 billion acquis…
Following SpaceX’s landmark initial public offering, financial firms, investors and employees staged high-end celebrations across New York City. From JPMorgan’s rooftop reception serving space-themed treats to a venture capital rooftop dinner featuring Dom Pérignon and A5 Wagyu, the events highlighted the windfalls and fees generated by the IPO eve…
A federal judge in Manhattan ruled that actress Blake Lively may recover legal fees under a 2023 California statute shielding sexual harassment accusers from retaliatory defamation suits, while denying her request for additional damages. The decision follows Lively's settlement of her harassment and retaliation claims tied to the 2024 film It Ends …
Shares of Freedom Holding Corp slipped in after-hours trading after the company disclosed a $300 million offering of common stock. Bookbuilding for the offering will begin in the week of June 15, 2026, at a set price of $126.35 per share. The placement is being arranged outside the United States under Regulation S, and the company cautioned there i…
U.S. stocks finished the session higher on Friday with the Dow Jones Industrial Average up 0.70%, the S&P 500 gaining 0.50% and the Nasdaq Composite adding 0.31%. Strength in Telecoms, Basic Materials and Financials supported the advance, while notable movers included large gains for Mosaic, Albemarle and Seagate and steep declines for Adobe and se…
Canada's S&P/TSX Composite closed higher, up 0.77%, as advances in the Materials, REITs and Financials sectors supported the market. Mining names posted some of the largest gains, while a handful of large-cap stocks fell. Volatility eased and commodities showed divergent moves, with gold rising sharply and crude oil sliding.
Brazil's primary equities gauge closed modestly lower, dragged by losses in consumption, public utilities and financials. While a handful of stocks posted notable gains, several large decliners capped overall market performance. Volatility measures eased and commodities showed mixed moves, with gold and coffee up and crude oil down.
SpaceX's public debut on the Nasdaq, which values the company at more than $2 trillion and has propelled Elon Musk to trillionaire status, provoked exuberant scenes in Times Square and at Starbase, alongside demonstrations and criticism from public figures and activists. Investors and employees celebrated while protesters gathered outside financial…
Forbright Inc. completed an initial public offering of 7.9 million Class A shares at $18.00 apiece, bringing in about $142.2 million in gross proceeds. The stock started trading on the Nasdaq Global Select Market under the symbol FRBT. Underwriters have a 30-day option to buy up to 1.185 million additional shares at the IPO price, subject to custom…
Japanese investors expressed demand exceeding 1 trillion yen (about $6.2 billion) for shares in SpaceX’s record-breaking initial public offering, with the bulk of interest originating from retail participants. Official filings show Japanese allocations totaled $2.2 billion. The oversubscription in Japan mirrored heavy global demand for the offering…
Evercore analyst David Motemaden warns that property and casualty insurers and brokers face margin compression heading into the second half of 2026, with many carriers currently overearning and likely to see returns decline. Despite this backdrop, Motemaden identifies Aon, Arthur J. Gallagher & Co. and Progressive as names that could outperform, ci…
S&P Global Ratings cut Dye & Durham Corp.'s credit rating to CCC+ from B-, citing an unsustainable capital structure driven by rising adjusted leverage and weakening EBITDA interest coverage. The agency also placed a negative outlook on the company and lowered the issue-level rating on its secured debt, warning that the firm is increasingly reliant…
BofA Securities has revised its semiconductor sector rankings after concluding that the rise of agentic AI will substantially broaden demand for server CPUs. The firm now projects the 2030 total addressable market for server CPUs to exceed $170 billion, up from a prior $125 billion estimate, and forecasts a 37% compound annual growth rate for 2025-…
Shell Plc is preparing to sell its offshore wind farm portfolio as part of a wider retreat from renewable energy investments and a renewed focus on fossil fuel operations. Advisers from Rothschild & Co. and PJT Partners have been retained to run the process, which could begin by year-end and culminate in a sale in 2027. The disposal could bring in …
Western Digital shares jumped sharply in afternoon trading after a sweeping capacity announcement from SK Hynix rekindled interest in AI-driven storage demand. The company’s robust quarterly financials, recent analyst price-target increases, and a corporate share-exchange agreement combined with a broadly positive market backdrop to propel the stoc…
Roku Inc. stock climbed sharply intraday after reports indicated the company has engaged in conversations with at least one U.S. media company about a possible sale or combination. Roku said it did not immediately respond to requests for comment. Sources cautioned that no final decisions have been made and talks may not lead to a transaction. The m…
Options activity in Centene Corp. (CNC) surged intraday, with total contracts trading reaching 17,245 by 2:50 p.m. New York time. Put contracts accounted for the bulk of the activity, led by a heavy block in the $65 put expiring today and significant volume in a June 2026 $64 put. A multi-leg diagonal call spread also changed hands during the sessi…
Microsoft is reviewing several structural alternatives for its Xbox gaming division, including a potential spinoff, conversion to a wholly owned subsidiary, or the creation of a joint venture with outside partners. The deliberations were described in a report that cited three people with direct knowledge of the discussions. No restructuring is immi…
Frontline shares jumped about 3.6% to $38.47 amid growing investor optimism that a U.S.-Iran deal, reportedly including a commitment to reopen the Strait of Hormuz within 30 days, is close to completion. The potential resumption of transits would expand the market for Frontline’s 80-tanker fleet. Analyst support, a recent CEO media appearance and a…
American Airlines shares rose about 2.1% in afternoon trade, extending a prior-session surge tied to the cancellation of planned U.S. military strikes against Iran. The move was supported by several analyst price-target increases, the carrier’s announcement of resumed Haiti flights in November, and a generally positive market tone that benefited ma…
