Latest Stock Market News — Page 472

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.

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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.

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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%.

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Forex Jul 2 Rebecca Torres

Mexican Peso Rises on Soft US Jobs Data; USMCA Auto Talks Loom

Mexican peso strengthened to 17.47 per dollar after weak US payrolls data, but USMCA auto rule negotiations pose future risk.

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Markets Jul 2 Daniel Marsh

Dow Rises Despite Tech Selloff; AI Stocks Weigh on Nasdaq

Dow rises 0.56% amid broad market strength, but AI-chip slide pushes Nasdaq down 1.19%. June payrolls miss forecast, fueling rate speculation.

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Markets Jul 2 Daniel Marsh

Dow Hits New Peak as Apple and Amgen Lift Blue Chips; Tech Stocks Falter

The Dow set a new record close on Thursday, propelled by Apple and Amgen, as AI and chip stocks declined. Soft labor data relieved Fed pressure.

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Markets Jul 2 Daniel Marsh

Marvell Technology Drops 10.8% as AI Data-Center Premium Contracts

Marvell Technology (MRVL) dropped 10.8% to $242.78, leading chip stock losses as its valuation multiple on data-center revenue shrank to 29x from 39x at the 52-week high.

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Technology Jul 2 Sarah Chen

Figma Surges 11.8% on Russell Index Inclusion and Heavy Options Activity

Figma shares surged 11.8% after being added to the Russell 3000, with heavy call buying and short covering driving the rally. The company's AI adoption and strong Q1 revenue growth support investor optimism.

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Technology Jul 2 Sarah Chen

Super Micro Computer Loses $1.6B Intraday as Taiwan Probe Relief Rally Reverses

Super Micro Computer (SMCI) shares slipped 2.8% to $26.87, wiping out $1.61 billion in intraday value after a relief rally over the Taiwan investigation reversed. The AI server stock remains under pressure.

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Markets Jul 2 Daniel Marsh

Ford Stock Falls as F-Series Supply Piles Up Ahead of Key H2 Test

Ford Motor (F) dropped 2.4% after reporting a 10.3% decline in Q2 U.S. sales, with F-Series inventory piling up to 88 days' supply, raising concerns over potential price cuts.

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Earnings Jul 2 James Calloway

Netflix Rises 5.5% Ahead of Q2 Earnings, Live Sports Test

Netflix (NFLX) rose 5.5% on Thursday, outperforming a weak tech market, as investors anticipate Q2 earnings and a live sports test that could boost ad revenue.

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Markets Jul 2 Daniel Marsh

Aehr Test Systems Plunges 21% on Index Removal and Valuation Concerns

Aehr Test Systems (AEHR) dropped 21% to $66.74 after being removed from the Russell Microcap Index, with valuation still high at 41x revenue guidance.

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