Latest News
ASX 200 Edges Higher on Tech Rebound; Miners Weigh as Iron Ore Slumps
Australian shares closed modestly higher as a strong recovery in technology stocks offset significant declines among major mining companies. The benchmark index added 19.5 points to finish at 8,937.1.
Nairobi Bourse Hits Record High on Retail Surge, Asian Dividends Shine
The Nairobi Securities Exchange soared to a record market capitalization of Sh3.419 trillion, fueled by a retail trading boom. Separately, Asian dividend stocks are highlighted as stable income plays amid market volatility.
HSBC Upgrade Lifts CrowdStrike Ahead of Key Earnings Report
CrowdStrike shares climbed 4.4% to $429.64 Friday following an HSBC upgrade to 'buy' with a $446 price target. The cybersecurity firm reports earnings March 3 during a holiday-shortened trading week.
PepsiCo Shares Dip Amid Price Cuts and Dividend Hike
PepsiCo shares declined 0.8% to close at $165.94 on Friday, diverging from a positive market trend. The company plans to lower U.S. snack prices by up to 15% and raised its annual dividend to $5.92 per share.
Morgan Stanley Gains as Inflation Data Shifts Rate Outlook
Morgan Stanley shares advanced 1.8% to close at $171.15 on Friday, buoyed by revised interest rate forecasts following January's inflation report. The financial institution also announced preferred dividend payments and filed its quarterly 13F.
Constellation Energy Soars on Grid Plan, Data Center Deals
Constellation Energy shares jumped 4.5% to $288.43, extending a 10% rally from early February. Trader focus is on a PJM Interconnection grid plan and new data-center power supply deals.
Verizon Shares Dip Ahead of Holiday, Executives Report Stock Transactions
Verizon shares declined 0.9% to $49.01 in Friday's session, underperforming major telecom peers. Recent SEC filings disclosed stock award vesting and related share disposals by several top executives.
Thermo Fisher Shares Extend Slide Amid Clario Acquisition Financing
Thermo Fisher Scientific shares declined 0.98% to $504.82 on Friday, extending a recent downturn. The company has raised $3.8 billion in senior notes to partially fund its acquisition of clinical data firm Clario.
GE Vernova Shares Dip Ahead of Holiday, Wind Losses Offset Grid Demand
GE Vernova shares declined 1.77% to $802.13 on Friday, retreating from recent highs ahead of the Presidents Day market closure. The company balances robust orders for gas turbines and grid infrastructure with persistent challenges in its wind segment.
Vertiv Shares Dip Ahead of Holiday as Investors Assess Record Backlog
Vertiv Holdings shares retreated 0.8% Friday, closing at $234.53, as investors digested the company's record $15 billion backlog and strong quarterly results ahead of the U.S. market holiday.