Stock Markets

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.

Articles

23,137 total articles

Morgan Stanley Trims Cleveland-Cliffs Rating as Steel Rally Nears Peak

Morgan Stanley Trims Cleveland-Cliffs Rating as Steel Rally Nears Peak

Morgan Stanley lowered its rating on Cleveland-Cliffs to Equal-weight from Overweight, saying the supply-driven surge in U.S. hot-rolled coil prices appears to be approaching a turning point. The bank raised short-term price forecasts after HRC climbed to roughly $1,140 per short ton, but predicts increased domestic output and higher imports will p…

Taysha Gene Therapies Advances Rett Syndrome Program; Shares Rise After Dosing Completion and Extended Data

Taysha Gene Therapies Advances Rett Syndrome Program; Shares Rise After Dosing Completion and Extended Data

Taysha Gene Therapies Inc saw its stock move higher in premarket trading after the company said it has finished dosing patients in the pivotal REVEAL trial for TSHA-102, a candidate for Rett syndrome. The firm disclosed longer-term clinical outcomes showing accumulating functional gains and reported no treatment-related serious adverse events throu…

Chevron Shares Rise After Long-Term Power Deal With Microsoft Anchors West Texas Data Center Project

Chevron Shares Rise After Long-Term Power Deal With Microsoft Anchors West Texas Data Center Project

Chevron shares climbed in pre-market trading following the announcement of a 20-year power purchase agreement with Microsoft to supply natural-gas-fired electricity to a proposed, large-scale data center campus in West Texas. Market participants highlighted the deal's cash flow profile - explicitly structured to be insulated from oil and gas price …

Palvella Shares Rise After FDA Grants Rolling Review for QTORIN NDA

Palvella Shares Rise After FDA Grants Rolling Review for QTORIN NDA

Palvella Therapeutics Inc saw its stock climb in premarket trading after the U.S. Food and Drug Administration accepted a rolling review of the company's New Drug Application for QTORIN rapamycin, an investigational therapy for microcystic lymphatic malformations. The rolling review allows incremental submission of completed NDA sections while the …

ECARX Moves to Buy Flyme Software Portfolio in RMB 1.8 Billion Deal

ECARX Moves to Buy Flyme Software Portfolio in RMB 1.8 Billion Deal

ECARX Holdings announced a definitive agreement to acquire the entire Flyme software portfolio for RMB 1.8 billion (about $266 million). The deal transfers 100% of equity in a newly carved-out entity that holds Flyme Auto and Flyme OS, with financing expected to be roughly 70% syndicated 10-year bank loans and 30% internal funding. Management accou…

Fervo Energy Shares Rise After Agreement to Build Geothermal 'Digital Twin' with Nvidia and PNNL

Fervo Energy Shares Rise After Agreement to Build Geothermal 'Digital Twin' with Nvidia and PNNL

Fervo Energy said it has partnered with Nvidia and the Pacific Northwest National Laboratory to develop EGS-Twin, a digital twin platform for enhanced geothermal systems. The announcement sent Fervo shares up 11.1% in premarket trading Monday. The initiative will use Fervo’s Nevada and Utah field data, Nvidia AI infrastructure and PNNL high-perform…

Sinda launches U.S. IPO roadshow aiming for $1.97 billion valuation

Sinda launches U.S. IPO roadshow aiming for $1.97 billion valuation

On June 22 Sinda kicked off its U.S. initial public offering roadshow, seeking a valuation of up to $1.97 billion. The Electrum Group-backed exploration firm is proposing to sell 17.75 million shares at $11.25 to $13.25 each, potentially raising as much as $235.2 million. The offering arrives amid a pickup in new listings, with other companies laun…

Oaktree-owned ITG Aims for $2.67 Billion Valuation in Nasdaq IPO

Oaktree-owned ITG Aims for $2.67 Billion Valuation in Nasdaq IPO

ITG, a Hendersonville, Tennessee-based digital infrastructure firm owned by Oaktree Capital Management, has filed to list on Nasdaq under the symbol ITG, targeting a valuation of as much as $2.67 billion. The company plans to raise up to $429.3 million by selling 19.5 million shares at $19 to $22 each as part of an active post-SpaceX IPO market. IT…

JPMorgan Sees Setup for Consumer Stocks to Rebound in 2H 2026

JPMorgan Sees Setup for Consumer Stocks to Rebound in 2H 2026

JPMorgan says battered consumer cyclicals may be forming a bottom and could outperform in the second half of 2026. Analyst Mislav Matejka points to multi-year low price relatives, undemanding valuations and depressed consumer confidence, and highlights catalysts including lower oil prices, reduced tariff rates and the potential for a U.S. consumer …

Ligand Shares Slide After $550M Convertible Note Offering Announced

Ligand Shares Slide After $550M Convertible Note Offering Announced

Ligand Pharmaceuticals shares fell in pre-market trading following the firm's disclosure of a private placement of $550 million in convertible senior notes due September 2031, with an underwriter option for an additional $82.5 million. The debt issuance, structured as a Rule 144A offering to qualified institutional buyers, raises both leverage and …

ITG Seeks $2.67 Billion Valuation in Nasdaq IPO

ITG Seeks $2.67 Billion Valuation in Nasdaq IPO

ITG, a Tennessee-based provider of outsourced digital infrastructure services, filed to list on the Nasdaq and aims to raise up to $429.3 million by offering 19.5 million Class A common shares at a $19 to $22 price range. At the top of that range, the offering would imply a $2.67 billion valuation. The company and a selling stockholder are providin…