Markets News
Latest stock market news and real-time market analysis. Track S&P 500, Nasdaq, and Dow Jones movements, sector rotations, and breaking market events.
Telstra Shares Climb 1.9% as Network Review Findings Ease Investor Worries
Telstra (ASX:TLS) gained 1.9% after a review of its July network outage revealed manageable costs, though concerns persist over future spending and premium pricing.
Small Caps Surge as Cyclicals Outperform; Materials, Financials Lead
Small-cap stocks outpaced the broader market Wednesday as materials and financials rallied, while technology lagged. ADP jobs data missed estimates, and oil prices climbed above $90.
TSX Bounces Back After BoC Holds Rates; Miners Lead Recovery
The S&P/TSX Composite recovered 46% of Tuesday's drop after the Bank of Canada held rates, with miners surging 2.2% while energy stocks fell 0.63%.
AST SpaceMobile Surges 9% on Bold $92 Price Target from Berenberg
AST SpaceMobile (ASTS) rallied 9% after Berenberg set a $92 price target, implying a 51% upside and $12.1 billion in added market value.
Booking Holdings Up 1.3% Despite Fake Listing Probe
Booking Holdings (BKNG) rose 1.3% despite a Which? investigation into a fake 10 Downing Street listing, suggesting investors view it as a control issue.
Scorpio Gold ADS Rockets 129% on Nasdaq Debut, Premium Widens
Scorpio Gold ADS (SGLD) skyrocketed 129% to $11.66, trading at a 50% premium to TSX-V shares. However, cash reserves are thin, raising funding concerns.
GoPro Shares Trade at $1.20, 5.3% Above Starman's $1.14 Cash Offer
GoPro shares opened at $1.20 on Wednesday, 5.3% above Starman Optical's $1.14 cash offer. Investors also retain a 10% stake in the combined entity, but the premium reflects deal risks and potential competing bids.
Nokia Eyes EURO STOXX 50 Return, Stock Edges Up
Nokia (NYSE:NOK) shares edged up 0.3% in premarket trading as the company prepares to re-enter the EURO STOXX 50 index on September 21, a move expected to boost demand from benchmark funds.
Uber's $10B AV Push Puts Cash Flow in Focus as Shares Hold Near $75
Uber shares hover near $75 as BMO maintains a $119 target, with the company's $10B autonomous vehicle plan and robust cash flow in focus.