Latest Stock Market News — Page 471

Markets Jul 2 Daniel Marsh

Moderna Surges 10% as Flu Vaccine Hopes Add $2.9B to Market Cap

Moderna shares surged over 10% in after-hours trading, adding roughly $2.9 billion in market value as investor enthusiasm for its flu vaccine pipeline continues to build.

MRNA NVAX PFE GSK IBB XBI SPY QQQ

Markets Jul 2 Daniel Marsh

AbbVie Surges $17.8 Billion in Market Cap, Surpassing Apogee Deal Value

AbbVie shares soared 3.99% to $261.07, adding $17.8B in market value—more than the $10.9B Apogee deal. The stock now trades above analyst targets, setting up a key Q2 earnings report.

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Earnings Jul 2 James Calloway

Snap Outperforms Nasdaq Despite Thin Volume; Revenue Mix in Focus

Snap shares climbed 1.9% to $4.84, its fifth straight gain, but trading volume was 18% below average. The market is now focusing on the company's diversifying revenue stream.

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Technology Jul 2 Sarah Chen

Microsoft Stock Rises on $2.5B AI Unit Launch, Outpaces Nasdaq

Microsoft shares climbed 1.62% to $390.49, boosted by its $2.5 billion Frontier AI unit, while the Nasdaq fell 0.80%. The gain added $46.1 billion in market value.

MSFT NVDA SOXX AAPL AMZN GOOGL META UL NVO

Markets Jul 2 Daniel Marsh

Comcast Stock Stalls as Broadband Woes Offset Spin-Off Optimism

Comcast shares closed slightly higher Thursday, but gains remain muted as broadband concerns temper excitement over the planned NBCUniversal separation.

CMCSA

Markets Jul 2 Daniel Marsh

Applied Optoelectronics Shares Slide 13% on $94M Cleanroom Cash Outlay

Applied Optoelectronics shares tumbled nearly 13% after a filing revealed a $94.1 million cleanroom contract, representing about 21% of its cash and restricted cash as of March 31.

AAOI COHR LITE CIEN SOXX QQQ

Markets Jul 2 Daniel Marsh

JNJ Closes Above Analyst Average After Dow Rebalancing

Johnson & Johnson shares ended Thursday at $263.04, gaining 3.57% and closing above the average analyst target of $262.10 following the Dow rebalancing.

JNJ

Markets Jul 2 Daniel Marsh

T1 Energy Shares Slide as Expiring Warrants, Convertible Notes Weigh

T1 Energy shares dropped 6.8% to $8.56 as the market focuses on next week's warrant expiration and in-the-money convertible notes, with key price levels under watch.

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Technology Jul 2 Sarah Chen

Amazon Edges Up as AWS Unveils $1B AI Projects for Clients and Intel

Amazon shares edged higher Thursday as AWS unveiled two $1 billion AI projects, including a generative AI engineer service and cloud credits for intelligence agencies.

AMZN MSFT PLTR ADBE

Crypto Jul 2 Sarah Chen

BitMine Stock Trades at Discount to Crypto Holdings as ETH Dominates Treasury

BitMine shares ended Thursday at $14.36, up 1.5%, but still trade at roughly 83 cents per dollar of reported crypto and cash holdings as Ethereum's value climbs.

BMNR SPY IWM

Markets Jul 2 Daniel Marsh

Pfizer Gains as 7% Yield Attracts, China Trial Scrutiny Looms

Pfizer (PFE) shares climbed 2.1% on Thursday, supported by a high dividend yield, but a U.S. House committee probe into its China trial data adds uncertainty.

PFE SPY XLV MRK ABBV BMY LLY

Markets Jul 2 Daniel Marsh

Axcelis Technologies Plunges 18%, Loses Over $1 Billion in Market Value

Axcelis Technologies (ACLS) dropped 18.4%, losing over $1 billion in market value, as the Philadelphia semiconductor index fell 6.7%.

ACLS AMAT ACMR SMH VECO

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