Latest News
Lockheed Martin Shares Hold Steady Amid Pentagon Contractor Review
Lockheed Martin shares traded near $630 as the Pentagon initiates an extended review of major defense contractors, potentially impacting shareholder returns. CEO and CFO are scheduled to speak at a Citi conference next week.
Chipotle Shares Slide Amid Insider Transactions and Consumer Spending Concerns
Chipotle Mexican Grill stock fell 3.5% as insider filings revealed share sales and tax withholdings by top executives, while weak restaurant spending data weighed on sentiment ahead of key inflation data.
Telecom Stocks Rally as T-Mobile Boosts Outlook, AT&T Gains
AT&T shares advanced 3.5% to $28.37, leading a sector-wide rally after T-Mobile raised its long-term service revenue target. Investors are assessing competitive dynamics ahead of key inflation data.
HR Outsourcing Stocks Tumble on Sector Weakness, Mixed Jobs Data
Barrett Business Services shares fell sharply amid a broad selloff in HR outsourcing stocks, driven by peer earnings and labor market concerns ahead of key inflation data.
Tesla Slips on China WeChat Integration Amid Broader Market Jitters
Tesla shares declined 0.5% as Tencent Cloud announced a partnership to bring WeChat features to its vehicles in China. The move comes against a backdrop of weak Chinese auto sales and anticipation of U.S. inflation data.
Flex Shares Gain Amid AI Data Center Rally, Investor Day in Focus
Flex Ltd. shares advanced as AI and semiconductor stocks rallied. Investors await the company's May 13 Investor Day for updates on its data center power and cooling business growth.
Oil Prices Surge Toward $70 Amid Iran Tensions, Overshadowing Large U.S. Inventory Build
Brent crude futures rallied nearly 2% to $70.02 a barrel as geopolitical risks from U.S.-Iran tensions outweighed a significant 8.5 million barrel increase in U.S. crude stocks. Traders await key reports from the IEA and OPEC+ discussions.
Distillate Drawdown Fuels Heating Oil Rally Amid Crude Inventory Surge
Heating oil futures surged 2.6% as EIA data revealed a sharp 2.7 million barrel decline in distillate stocks, tightening diesel supplies despite a large crude inventory build.
Mortgage Demand Dips as Strong Jobs Data Lifts Yields, Pressuring Lender Stocks
U.S. mortgage applications declined slightly last week while lender shares fell after a robust employment report pushed Treasury yields higher, dampening near-term rate cut hopes.
