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Morgan Stanley Gains on Grimes Appointment, Markets Eye Economic Data
Morgan Stanley shares advanced nearly 2% after the bank reinstated veteran dealmaker Michael Grimes to lead investment banking. Investors are monitoring upcoming U.S. jobs and inflation reports for market direction.
Verizon Gains on Board Transition, Economic Data in Focus for Telecoms
Verizon shares advanced 1.3% Monday following news a director will not seek re-election, while rivals AT&T and T-Mobile edged lower. Investors await key U.S. jobs and inflation data that could impact high-dividend telecom stocks.
Super Micro's Margin Pressure Weighs on Shares Despite AI Demand Surge
Super Micro Computer shares declined as investors focused on shrinking profit margins, overshadowing strong revenue growth tied to AI server demand.
Home Depot Shares Decline Ahead of Key Economic Data, Earnings
Home Depot stock fell 1.3% on Monday, underperforming broader market gains. Investors await upcoming inflation and employment reports, along with the retailer's quarterly results on February 24.
Natural Gas Futures Plunge 8% on Warmer Mid-February Forecast
U.S. natural gas futures tumbled roughly 8% to $3.14/mmBtu as updated weather projections signaled above-average temperatures for mid-February, reducing heating demand.
Silver Soars 5.8% Amid Dollar Retreat, Traders Eye Key U.S. Data
Silver prices surged nearly 6% to $82.49 an ounce as the dollar weakened, with traders focused on upcoming U.S. jobs and inflation reports that could influence Federal Reserve policy.
Ripple Expands Custody Services Amid XRP Price Volatility and CPI Watch
XRP declined 0.3% to $1.44, extending a weekly loss of 12%, as Ripple announced new custody partnerships with Securosys and Figment. XRP investment products saw $63.1 million in inflows last week despite broader crypto outflows.
Kyndryl Shares Plummet Over 50% Amid SEC Probe, Filing Delay, and Executive Departures
Kyndryl Holdings stock crashed more than 50% after delaying its quarterly report, disclosing an SEC inquiry into its financial controls, and announcing the exit of its CFO and General Counsel.
Chevron Gains as Tengiz Output Rebounds and Middle East Tensions Lift Crude
Chevron shares advanced 0.7% as production at its key Tengiz field in Kazakhstan recovered to about 60% capacity, with full output targeted by Feb. 23. Oil prices rose over 1% after a U.S. shipping advisory warned vessels away from Iranian waters near the Strait of Hormuz.
Dow Retreats from 50K Milestone as Investors Await Inflation, Jobs Data
The Dow Jones Industrial Average edged lower Monday after its historic close above 50,000, while the S&P 500 and Nasdaq gained on tech strength. Markets are focused on upcoming inflation and employment reports.
GE Aerospace Shares Dip on Saudi Defense Deal, Unveils $300M Singapore Expansion
GE Aerospace stock declined 0.8% following a new industrial pact with Saudi Arabia to enhance fighter engine repair capabilities. The company also detailed a $300 million investment plan in Singapore.