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
Lockheed Martin has received a $514.4 million modification from the U.S. Department of War to produce Space Vehicles 23 and 24, increasing the contract's cumulative face value to $4.68 billion. Work is to be carried out in Littleton, Colorado, with completion expected by Nov. 30, 2032, and fiscal 2026 procurement funds obligated at the time of awar…
RH reported first-quarter results that beat analyst expectations on both adjusted loss per share and revenue, despite ongoing tariff-related supply chain disruptions that raised backorder and special-order balances. The company lifted its fiscal 2026 guidance, citing stronger-than-expected performance and expected normalization of elevated balances…
S&P Global Ratings upgraded NVIDIA Corporation's long-term issuer credit rating from AA- to AA, citing surging demand for AI systems and the company's dominant position within the data center ecosystem. The agency projects substantial revenue and free cash flow expansion tied to NVIDIA's Blackwell GPU platform and its Rubin roadmap, while flagging …
Canadian equities closed higher on Thursday, with the S&P/TSX Composite advancing 1.52% as strength in Materials, Consumer Discretionary and Clean Technology stocks lifted the market. Trading breadth favored advancers, the S&P/TSX 60 VIX increased, gold futures moved sharply higher while crude and Brent oil fell. Major individual movers included do…
Brazil's Bovespa rose 1.71% at Thursday's close in Sao Paulo, driven by advances in the Real Estate, Consumer and Financials sectors. Midcap names Grupo Vamos, Petroreconcavo and Direcional Engenharia were the session's top performers, while Natura & Co, SLC Agricola and Prio paced declines. Market breadth favored advancers, with implied volatility…
U.S. equities finished higher on Thursday, with the Dow Jones Industrial Average rising 1.86% and the S&P 500 and Nasdaq also posting solid gains. Strength in Industrials, Basic Materials and Technology helped lift the market, while volatility dropped and commodity prices diverged, with gold rising and oil tumbling.
Aggregated Bank of America credit and debit card data analyzed by analyst Justin Post shows online spending rose 13% year-over-year in May, a 2 percentage point acceleration from April. E-commerce growth exceeded brick-and-mortar retail, with online penetration climbing to 29.8% in May. The data highlights category-level shifts and signals continue…
Parabilis Medicines Inc. completed its initial public offering on June 11, 2026, selling 38,525,000 shares at $20.00 per share and exercising the underwriters' overallotment option in full. The IPO generated $770.5 million in gross proceeds before underwriting discounts and offering expenses. In a concurrent private placement, Regeneron Pharmaceuti…
Citi reduced its fiscal 2027 earnings estimate for Super Retail Group by 5% and cut its price target to A$14.20 after the company updated guidance to reflect higher corporate and project costs. Super Retail is planning to grow its store footprint from 790 to more than 900 locations by 2031, while Citi highlighted longer-term potential in brands suc…
On June 11, SpaceX completed a $75 billion initial public offering, the largest on record, surpassing the previous high set by Saudi Aramco in 2019. The rocket and satellite manufacturer is scheduled to begin trading on the Nasdaq on Friday. Market attention has shifted to potential follow-on mega listings, notably from AI companies OpenAI and Anth…
SpaceX completed a historic U.S. initial public offering in June 2026, raising $75 billion after a public pricing at $135 per share. The company’s ascent to that landmark financing followed more than two decades of development, operational milestones, rocket failures and recoveries, government contracts, commercial service rollouts and strategic mo…
Bank of America analyst Benjamin Heelan reports a split performance across commercial aero engine families in May 2026. Widebody-related engines posted the largest month-to-month improvements, whereas legacy narrowbody engines experienced further structural declines. Global commercial flight cycles fell 2% year-over-year in May, with regional resul…
Space Exploration Technologies Corp. priced its initial public offering at $135 per share, covering 555,555,555 Class A common shares, with trading expected to begin on June 12, 2026, on the Nasdaq Global Select Market and Nasdaq Texas under the ticker SPCX. The base sale would generate roughly $75 billion, and an underwriter over-allotment option …
SpaceX set its initial public offering price at $135 per share, selling 555.56 million shares and raising $75 billion. The deal establishes a $1.77 trillion valuation on 13.08 billion shares outstanding and will see the company begin trading on the Nasdaq. The offering allocates 30% of shares to retail investors and was priced prior to a traditiona…
BTIG reported that Stryker’s Mako robotic system is emerging as a preferred platform for ambulatory surgery centers as robotics adoption moves from optional to a baseline expectation. Flexible contracting, younger surgeons’ preferences, and patient demand are accelerating adoption, while reimbursement pressures and high robotics costs create econom…
U.S. insurance brokerage M&A activity recorded 241 transactions in the first five months of 2026, down 5.1% from 254 in the same period a year earlier, according to MarshBerry. The advisory firm says dealmaking remains structurally sound but has become more selective amid higher borrowing costs, geopolitical uncertainty and energy price pressure. B…
First Solar shares climbed sharply in afternoon trade after UBS raised its price target to $330 from $290 and kept a Buy rating, citing the upcoming Section 232 solar tariff determination as a near-term catalyst. UBS and other analysts expect tariff levels to be announced potentially by the end of June 2026, with order announcements possibly follow…
Blackstone Inc. is reportedly in discussions with Canada’s H&R Real Estate Investment Trust about a possible acquisition. The talks follow failed takeover negotiations last year that involved H&R, Blackstone, TPG Inc., and Crestpoint Real Estate Investments Ltd. H&R manages C$8.1 billion of assets and has been shifting its holdings away from office…
SpaceX set the largest U.S. initial public offering on Thursday by pricing shares at $135 each, selling 555.56 million shares and raising $75 billion. The deal implies a $1.77 trillion valuation based on 13.08 billion shares outstanding and leaves Elon Musk with an 82% ownership stake. The company highlighted a $28.5 trillion addressable market and…
S&P Global Ratings raised Transocean Ltd.'s corporate rating to B- from CCC+ and assigned a positive outlook, reflecting significant debt reduction, fresh contracted work, and stronger operating metrics. The agency also upgraded several issue-level debt ratings while projecting an improved funds-from-operations to debt ratio over the next two years…
S&P Global Ratings downgraded Xerox Holdings Corp.'s issuer rating to 'SD' from 'CCC+' following the company's repurchase of about $101 million face value of its 2028 senior unsecured notes at a discount in Q1 2026. The ratings firm also cut the issue-level rating on the 2028 notes to 'D' from 'CCC' and signaled it will reassess the issuer rating w…
Honeywell said at an investor day in New York that it is seeking acquisitions in the $2 billion to $4 billion range, with particular attention to its Industrial Automation division. The business, described as operating in an approximately $35 billion market, will pursue bolt-on deals where clear commercial synergies and attractive returns exist, ev…
Four state officials who oversee large public retirement systems have asked Nasdaq and FTSE Russell to halt recent methodology changes that could accelerate the inclusion of SpaceX and other large IPOs in major indexes. In letters to the two index providers, the officials raise concerns about the investor risks posed by SpaceX's $75 billion market …
At its investor day in New York, Honeywell outlined a preference for bolt-on acquisitions in the $2 billion to $4 billion range and identified meaningful M&A opportunities in its Industrial Automation unit, which it estimates operates in a roughly $35 billion market. Company leadership emphasized that organic growth remains a priority and described…
Applied Materials Inc. shares jumped sharply in afternoon trading after several major analysts raised price targets and the company reported record fiscal Q2 results while boosting its 2026 market outlook. Upgrades from Cantor Fitzgerald, Barclays and UBS, together with a significant capacity expansion in Singapore and a strategic co-investment, he…
