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.
30,220 total articles
Indian Oil Corporation Ltd. shares climbed 2.4% to ₹135, hitting an intraday high of ₹136.15 after the company's board approved audited Q4 and full-year FY26 financials in an after-hours meeting on May 18, 2026. Consolidated net profit attributable to equity holders surged about 209.6% year-on-year to ₹42,096.26 crore for FY26, with consolidated ba…
Eagle Materials shares rose sharply in pre-market trading after reporting fourth-quarter fiscal 2026 results that topped analyst expectations on both earnings and revenue. The beat was concentrated in the Heavy Materials segment, where cement, concrete and aggregates volumes and revenue showed notable gains. Management highlighted ongoing capital i…
A Bloomberg review of U.S. dollar-denominated investment-grade technology debt found an Oracle bond trading significantly tighter against Treasuries relative to its sector peers, while bonds from DXC Technology and Concentrix displayed wider spreads. Other notable moves included tightening in Nvidia, Dell Technologies and Salesforce issues.
Epic Games said Fortnite is back across global App Stores, framing the move as a show of confidence in its ongoing antitrust litigation against Apple. The studio reiterated claims that Apple’s commission model is unlawful, while noting the game has not yet returned to Australia and that Epic recently cut staff after reduced player engagement.
European defense equities advanced broadly on Tuesday, with leading firms recording mid-single-digit gains after Sweden confirmed a major frigate purchase from France, Citigroup upgraded two industry names following heavy prior declines, and Iran reportedly submitted a peace proposal to the United States. The combined effect lifted shares across th…
Relay Therapeutics reported initial Phase 2 ReInspire data indicating zovegalisib produced measurable volumetric and clinical improvements in patients with PIK3CA-driven vascular anomalies. The company said 60% of response-evaluable patients achieved a volumetric response at 12 weeks, with no discontinuations for adverse events reported. The announ…
Salesforce shares climbed modestly in pre-market trading after CEO Marc Benioff disclosed plans to deploy nearly $300 million in Anthropic AI tokens, with most of the expenditure earmarked for coding and software development workflows. The announcement, alongside Agentforce 360's reported run rate and a broader easing of sectorwide AI disruption fe…
Recruit Holdings shares jumped 7.9% to ¥9,846, reaching an intraday 52-week high of ¥9,912, after the company reported fiscal 2026 results that showed modest revenue growth but a large gain in operating profit and net income. A substantial EPS beat, bullish guidance for FY2026, coordinated analyst target increases and a board-approved equity compen…
Eutelsat Communications stock climbed sharply as investors positioned ahead of a widely reported SpaceX IPO timetable and as the company posted robust LEO-related growth and completed a major refinancing milestone. Shares hit intraday gains of up to 9% and closed higher, extending a year-to-date rally that outpaces the broader telecom sector.
Bank of America reaffirmed a Buy rating and a $320 price target on Nvidia as the chipmaker prepares to report fiscal first-quarter results after the close on Wednesday. The bank identifies five central areas that could shape investor reaction beyond the usual beat-and-raise headlines: shareholder cash returns, the rollout timetable for the Vera Rub…
ISS A/S shares jumped after the Danish facility services company raised multiple elements of its 2026 financial guidance and increased its full-year share buyback plan. Management boosted organic growth and margin targets, raised free cash flow guidance, enlarged the second tranche of buybacks, and cited a strong start to 2026 alongside a Nordic ac…
Premarket futures for the major U.S. indices were subdued Tuesday amid lingering uncertainty over a potential Middle East peace deal and continued weakness in chipmaking equities. Nvidia and several memory and storage companies fell ahead of key earnings and corporate developments, while Alphabet and Blackstone rose after announcing a joint AI clou…
Health officials in eastern Democratic Republic of Congo reported 26 suspected deaths in 24 hours, bringing the outbreak toll to 131. The World Health Organization has declared the event a public health emergency of international concern as cases appear in densely populated cities and at least two confirmed infections have crossed into neighbouring…
Societe Generale is maintaining an overweight recommendation for small-cap equities relative to large-caps nearly a year after making the call, pointing to monetary and PMI indicators, valuation differentials and earnings outlooks as supporting factors. The bank sees particular opportunity in the euro zone, while noting sector exposures and geopoli…
UK-listed utility stocks slumped 7.5% on May 15 - their fourth-largest one-day fall since privatisation - while continental European peers dropped 2.8%. Analysts at UBS point to a rapid rise in gilt yields and renewed speculation about potential government intervention as the main drivers. The move hit regulated-asset-base (RAB) premia across netwo…
Bank of America’s May Global Fund Manager Survey found managers dramatically increasing equity exposure and reducing cash, driving valuation and positioning measures toward contrarian sell thresholds. Gains in profit expectations and heavy rotation into U.S. stocks, technology and commodities contrast with mounting inflation fears and growing expec…
U.S. software shares moved higher in Tuesday premarket trading, led by ServiceNow, as investors appear to be re-pricing AI-related risks after a notable pullback. Major names including Workday, Zscaler, Salesforce and Intuit advanced, and the iShares Expanded Tech-Software Sector ETF edged up modestly, even as year-to-date performance diverges shar…
UBS upgraded FLSmidth & Co. A/S from neutral to buy and increased its 12-month price target to DKK 550 from DKK 450, saying the Danish mining equipment supplier is closing its performance gap with peers following a recent selloff. The broker pointed to stronger order momentum, market share gains in the Process, Crushing & Valves division and improv…
German auto supplier ZF announced it will continue producing electric motors internally, but said the choice will require several hundred additional job cuts as part of its ongoing restructuring. The company reached the decision after evaluating whether to outsource motors and inverters or keep them in-house, consulting with employee representative…
German supplier ZF has decided to keep production of electric motors and inverters within the company rather than outsourcing these components. The move follows internal review with employee representatives and comes amid slower-than-expected early EV uptake. Management said additional workforce reductions will be required, with hundreds of job cut…
ServiceNow Inc. climbed about 4% in premarket trading after Bank of America restored coverage with a Buy rating and a $130 price target, citing AI as a major growth tailwind. The move was reinforced by new AI partnerships, recent security-focused acquisitions and strong Q1 financials that together prompted renewed investor interest despite an other…
3Knights Dynamics Group Limited has submitted an initial public offering registration seeking to raise between $20 million and $25 million by offering 5 million Class A ordinary shares. The company set an estimated IPO price range of $4 to $5 per share and has applied to list on the NASDAQ Capital Market under the reserved symbol TKDG, subject to e…
India's stock markets closed modestly lower on Tuesday, with losses concentrated in Fast Moving Consumer Goods, Healthcare and Metals stocks. The Nifty 50 fell 0.14% and the BSE Sensex lost 0.15%. A mix of heavyweight tech gains and weakness among banks, cement and consumer names left market breadth tilted toward advancers on both exchanges even as…
Chinese conglomerate Fosun International is preparing an initial public offering for its holiday-resort unit Club Med in Hong Kong that could generate more than $500 million. The listing, which may occur by the end of this year or in early 2027, will be managed by BNP Paribas, HSBC and JPMorgan, and is intended to support Club Med’s growth plans. F…
Citi upgraded Knorr-Bremse to a buy rating and raised its price target to €123 from €116, citing what it sees as an inexpensive valuation and healthier near-term end-market conditions for the German maker of rail and truck braking systems. The broker expects group margin to reach the top of company guidance at 14.4% this year and flagged an upcomin…
