Latest Stock Market News — Page 446

IPO Jul 11 Michael Okonkwo

SK Hynix's $30B Nasdaq Debut Highlights AI Chip Sector Divergence

SK Hynix's $30B Nasdaq listing drew strong demand, but AI chip stocks diverged sharply, with designers outperforming memory makers.

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Markets Jul 11 Daniel Marsh

Financial Sector Funds Attract $1 Billion as Big Banks Outperform

U.S. financial sector funds drew $1.04 billion in the week to July 8, with big banks outperforming regional banks. Goldman Sachs surged 3.35% as investors favor capital-markets plays.

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Markets Jul 11 Daniel Marsh

Biotech Sector Hit by $15B Loss as Vertex, Ionis Stumble

Vertex and Ionis shares slumped after setbacks, erasing $14.8B in market cap. Crinetics, BridgeBio, and Vera gained $6.1B combined.

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Technology Jul 11 Sarah Chen

SK Hynix Raises $26.5B in Oversubscribed Offering, Memory Chip Sector Heats Up

SK Hynix raised $26.5 billion in a heavily oversubscribed ADR offering, highlighting robust demand for AI memory chips. The memory sector is now in focus as Micron increases U.S. investment and ASML/TSMC report earnings.

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Commodities Jul 11 Rebecca Torres

Refiners Surge as Crack Spreads Hit Record High

Large U.S. refiners outperformed crude and the energy sector this week, with the NYMEX 3-2-1 crack spread hitting a record $64.58 a barrel, driven by tight capacity and strong exports.

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Markets Jul 11 Daniel Marsh

EQR, DLR, OCBC in Focus as Key Market Themes Emerge

Equity Residential (EQR) sits 4% below analyst target ahead of its Q2 report, while Digital Realty Trust (DLR) drops 4.48% after a $2.28B equity sale. OCBC trades near full value despite strong returns, and coffee prices tumble on margin hikes.

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Regulation Jul 10 James Calloway

Alphabet Shares Dip Amid Dual Regulatory Hurdles in India and UK

Alphabet shares slipped Friday after regulatory developments in India and the UK targeted its key growth engines, Search and Cloud, which together generated 73% of Q1 revenue.

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Technology Jul 10 Sarah Chen

Microsoft Stock Flat Amid Emissions Surge from AI Data Centers

Microsoft shares were nearly unchanged Friday after an environmental report revealed a 25% jump in emissions from AI data centers. The stock now trails the broader market ahead of earnings.

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Technology Jul 10 Sarah Chen

Apple Sues OpenAI, Alleging Trade Secret Theft Amid AI Rivalry

Apple sues OpenAI and two former employees, accusing them of stealing trade secrets to boost OpenAI's consumer hardware push. The lawsuit adds legal risk to a stock already near its average analyst target.

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Crypto Jul 10 Sarah Chen

Bitcoin Hits $64K Despite $180M ETF Outflows; Rally Driven by Short Covering

Bitcoin climbed to $64,000 on Friday despite $180.2 million in ETF outflows. The rally was driven by short covering, a weaker dollar, and gains in Asian chip stocks.

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Crypto Jul 10 Sarah Chen

XRP Slips Below $1.10; ETF Shortfall Widens to $563M

XRP failed to hold $1.10, with top US spot ETFs showing a $563M gap between net inflows and assets, suggesting potential selling pressure.

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Earnings Jul 10 James Calloway

Cheesecake Factory Hits Record High After Citi Upgrade to $90

Cheesecake Factory (CAKE) surged 5.5% to a record close of $82.76 on Friday after Citi boosted its target to $90, with investors optimistic about the new loyalty app and traffic trends.

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