Latest Stock Market News — Page 251

Technology May 16 Sarah Chen

Palantir Defies AI Selloff, Stays Steady as Nasdaq Slips

Palantir closed Friday at $133.99, up 0.2%, showing relative strength despite a weekly loss of 2.8% and a broader tech selloff.

PLTR NVDA AMD SNOW

Markets May 16 Daniel Marsh

Intel Shares Slide 13% as Chip Rout Deepens, Apple Deal Fails to Sustain Rally

Intel shares dropped 13% for the week, closing at $108.77, as a broader chip selloff and market share losses to AMD and Arm erased gains from a reported Apple chip deal.

INTC AAPL AMD ARM NVDA SMH

Markets May 16 Daniel Marsh

Exxon Mobil Rises on Oil Rally and Legal Victory

Exxon Mobil shares gained 3.4% on Friday to $157.92, fueled by a jump in oil prices and a legal win in a Texas investor lawsuit. The stock rose 5.5% for the week.

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Earnings May 16 James Calloway

Cisco Hits Record High on AI Demand, Job Cuts Loom

Cisco shares hit an all-time high after boosting its AI revenue outlook and delivering better-than-expected results, while announcing job cuts to fund the transition.

CSCO NVDA AVGO

Technology May 16 Sarah Chen

AMD Faces Key Test as AI Rally Pauses Ahead of Market Open

AMD shares dropped 5.69% to $424.10, ending a 6.8% weekly slide, as the Nasdaq snapped a six-week winning streak. Investors await Nvidia's May 20 results and macro cues.

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Markets May 16 Daniel Marsh

Pershing Square Takes $2.09B Stake in Microsoft, Lifting Shares

Pershing Square disclosed a $2.09 billion Microsoft stake, sending shares up 3.1% as the AI trade faces bond market headwinds.

MSFT GOOGL AMZN

Markets May 16 Daniel Marsh

Prediction Markets Signal No Fed Rate Cuts in 2026, Pressuring Stocks

Polymarket and Kalshi now see a 69% chance of no Fed rate cuts in 2026, as rising oil and yields pressure stocks. Key earnings from Nvidia, Walmart, and others will test the market next week.

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Markets May 16 Daniel Marsh

Wall Street Dips as Inflation Worries Resurface

U.S. stocks fell Friday as inflation concerns returned, with consumer prices rising 3.8% in April. The S&P 500 dropped 1.24% to 7,408.50, led by chip stocks and rising Treasury yields.

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Markets May 16 Daniel Marsh

Stocks Slide as Bond Yields Climb, Inflation Fears Resurface

U.S. stocks dropped Friday as rising bond yields and oil prices reignited inflation fears, with the S&P 500 falling 1.2% and the Nasdaq losing 1.5%.

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Markets May 16 Daniel Marsh

Wall Street Pauses as Oil Surge, Yields Temper AI Rally

U.S. stocks retreated Friday as higher oil prices and Treasury yields halted the AI-led rally. The S&P 500 fell 1.24%, while the Nasdaq dropped 1.54%, with chip stocks hit hard.

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Markets May 16 Daniel Marsh

NextEra-Dominion Merger Talks, Nvidia Earnings, and Retail Reports Set for Busy Week

NextEra Energy and Dominion Energy are in merger talks for a $400B utility, Nvidia reports earnings Wednesday, and major retailers like Walmart and Home Depot release results. Markets await Fed rate decisions.

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Markets May 16 Daniel Marsh

Global Markets Rally on AI Hype Despite Fragile Economy, Warn Experts

Global markets reach new peaks on AI optimism, but economist Paul Sheard cautions that high valuations and concentration risk a severe correction.

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