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Rocket Lab Shares Surge on $90M Space Force Deal, But $3B Stock Sale Looms
Rocket Lab stock gained 8.22% after a $90M Space Force contract and successful Electron launch. A potential $3B stock sale could dilute shares.
Lloyds Banking Group Shares Reclaim 100p Mark After Holiday Session
Lloyds Banking Group shares climbed back above 100p in Tuesday's London session, buoyed by a 33% rise in Q1 pretax profit and ongoing share buybacks.
FTSE 100 Rises on Oil Surge, Kingfisher Gains
The FTSE 100 rose 0.86% to 10,556.60, led by oil stocks and Kingfisher, while Brent crude jumped over 2% on US strikes in Iran. UK shop prices rose 1.2% in May.
Indian Equities Stalled by Renewed U.S.-Iran Tensions; Oil Price Surge Hits Rupee
Nifty 50 traded flat at 24,021.95 as new U.S. strikes in Iran offset peace optimism. Brent crude rose over 2%, pressuring the rupee. Mid- and small-caps outperformed.
Infleqtion Stock Surges 31% After $100M Quantum Funding Deal
Infleqtion shares surged 31.4% last week after a $100 million CHIPS Act letter of intent. The stock closed Friday at $16.35, up 11.2%.
Plug Power Shares Steady After Rally; Cash Concerns Loom
Plug Power shares closed at $3.78 after a volatile week, with a 14.2% rally on news of its UK hydrogen project FID. Analysts remain cautious on cash burn.
Archer Aviation Shares Halted for Holiday, Focus Shifts to Tuesday's Trading
Archer Aviation (ACHR) closed Friday at $6.36, up 5.1% for the week, before slipping in after-hours trading. Markets are closed Monday for Memorial Day.