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IonQ, Rigetti Face Investor Scrutiny Ahead of Quantum Earnings
Morgan Stanley disclosed a reduced stake in IonQ, while TD Cowen downgraded Rigetti to hold, citing valuation and funding concerns. Both quantum computing firms report earnings next week.
Cloud ETFs Rally on Cooling Inflation, Palo Alto Earnings Loom
Major cloud computing ETFs surged Friday after a cooler-than-expected inflation report lifted rate-sensitive tech stocks. Attention now turns to Palo Alto Networks' quarterly results due after Tuesday's close.
Ucore Dips Ahead of China Rare Earth Policy Briefing
Ucore Rare Metals shares edged lower Friday as China announced a policy briefing on rare earth export controls, with markets closed Monday for Family Day.
Goldman Sachs Legal Chief Exits Amid Epstein Scandal Fallout
Goldman Sachs' top lawyer Kathy Ruemmler steps down following disclosures about her past interactions with Jeffrey Epstein, as the bank's shares face volatility.
Rivian Soars 27% on Q4 Profit, 2026 Outlook; EV Sector Mixed
Rivian Automotive surged 26.7% following a profitable Q4 and strong 2026 delivery guidance, while other EV stocks showed mixed performance ahead of the holiday break.
Gold Reclaims $5,000 as Soft Inflation Data Fuels Rate Cut Bets
Gold prices rebounded sharply above $5,000 an ounce following softer-than-expected U.S. inflation data, which increased market expectations for Federal Reserve interest rate cuts later this year.
OPEC+ Weighs April Production Hike as Oil Market Braces for Supply Shift
OPEC+ members are set to discuss restarting oil production hikes next month, potentially adding supply as demand forecasts weaken. Key energy stocks showed mixed performance ahead of the decision.
Applied Materials Forecast Lifts Chip Sector; Nvidia Retreats Amid AI Volatility
Applied Materials' bullish revenue forecast propelled its shares and lifted peers, though Nvidia and Broadcom fell. The chip sector sees volatility as AI investment optimism meets scrutiny.
Dow Closes Near 49,500 as Softer CPI Eases Rate Fears
The Dow Jones Industrial Average closed at 49,500.93 Friday, lifted by a cooler-than-expected inflation report. The blue-chip index still fell 1.2% for the week.
XRP Climbs 4.6% Amid Inflation Data, ETF Speculation
XRP gained 4.6% to approximately $1.47, with trading volume hitting $2.47 billion. The move comes as markets digest recent inflation data and await further signals on monetary policy.
Bitcoin Holds Near $70K as Inflation Data Fuels Rate Cut Bets
Bitcoin edged higher to $69,661, maintaining proximity to the $70,000 level following encouraging inflation figures. Market focus shifts to upcoming Fed minutes and economic data.