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Pfizer Shares Dip as GSK RSV Vaccine Gains Ground, Eliquis Data Provides Support
Pfizer shares declined 1% to $26.60 Friday after GSK secured expanded FDA approval for its RSV vaccine, challenging Pfizer's market position. Encouraging clinical results for blood thinner Eliquis helped cushion the drop.
Rigetti Computing Stock Gains Amid Insider Sales, Focus on 108-Qubit Timeline
Rigetti Computing's stock edged higher Friday, closing at $16.17, while SEC filings revealed insider stock sales by its CTO and CFO to cover tax obligations. The quantum computing firm reported 2025 revenue of $7.1 million and a net loss of $216.2 million, as it pushes forward with its roadmap.
Dow Retreats Amid Inflation Jitters, $100 Oil Stirs Stagflation Fears
U.S. stocks declined Friday, with the Dow Jones Industrial Average holding near 46,660. Surging oil prices and persistent inflation data heightened stagflation worries before next week's Federal Reserve meeting.
Bitcoin Retreats from $74K as Geopolitical Tensions Weigh on Crypto Rally
Bitcoin surged toward $74,000 before pulling back sharply following reports of U.S. military activity in the Middle East. Despite the reversal, crypto-linked equities like Coinbase advanced.
Oil Surges Past $102 as Hormuz Closure Sparks Historic Supply Shock
Oil prices surged Friday with Brent crude exceeding $102 a barrel after the prolonged closure of the Strait of Hormuz created the largest supply shock ever recorded. Major producers like Saudi Arabia are cutting output significantly.
Mortgage Rates Surge to 6.41% as Bond Yields, Oil Prices Climb
U.S. mortgage rates jumped sharply this week, with the 30-year fixed rate reaching 6.41% as Treasury yields and oil prices rose. The increase complicates the spring homebuying season and has already impacted homebuilder earnings.
XRP Surges Past $1.40 on Rate Cut Hopes and Technical Breakout
XRP climbed above $1.40, gaining 2.2% as market sentiment improved following in-line inflation data. Futures open interest hit $2.61 billion, indicating strong trader participation.
U.S. Natural Gas Dips on Record Supply Outlook, Diverging from Global LNG Surge
U.S. natural gas futures declined Friday, pressured by a record domestic production forecast, while global LNG prices soared above $20 amid supply diversions and geopolitical tensions.
