Latest Stock Market News — Page 491

Technology Jul 3 Sarah Chen

Meta's $145B AI Capex Fuels Cloud Ambitions, Investors Await Returns

Meta is exploring a cloud business to monetize AI compute, with 2026 capex guidance of $125B-$145B. Investors are watching for returns on the massive investment.

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Markets Jul 3 Daniel Marsh

U.S. Futures Dip as June Jobs Data Misses Expectations

U.S. stock futures dipped Friday after ADP reported 98,000 private jobs in June, below forecasts. The 10-year yield neared 4.5%, pressuring banks and real estate. Moderna (MRNA) surged 10%.

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Markets Jul 3 Daniel Marsh

Dow Hits Record, Chip Stocks Slide in Pre-Holiday Trading

The Dow reached a new high while chip stocks dragged the Nasdaq lower in a mixed session ahead of the Independence Day holiday.

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Markets Jul 2 Daniel Marsh

Avis Budget Stock Surges 11% on $650M Settlement Details

Avis Budget Group shares surged 11.3% after a filing revealed a $650 million settlement with Pentwater, boosting market cap by nearly $585 million.

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Markets Jul 2 Daniel Marsh

Zhongchao Shares Surge in After-Hours Trading Following Reverse Stock Split

Zhongchao Inc. (NASDAQ:ZCMD) shares surged 199% in after-hours trading after a 1-for-3 reverse split, with volume nearly 19 times the new share count.

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Markets Jul 2 Daniel Marsh

Recursion Pharmaceuticals Gains Amid Founder Sale Filing, Short Interest Remains Elevated

Recursion Pharmaceuticals (RXRX) shares gained 3.54% on Thursday, even as the broader market slipped, with a founder's planned sale representing a tiny fraction of volume. Short interest remains high at 39.11% of float.

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Earnings Jul 2 James Calloway

NIO Shares Drop Despite Record June Deliveries; Revenue Guidance in Focus

NIO shares fell despite record June deliveries as the miss on Q2 guidance raised concerns about revenue per delivery.

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Markets Jul 2 Daniel Marsh

SFO Flight Delays Pressure United Airlines Operations

SFO saw 368 delays and five cancellations on July 2, with FAA holding inbound flights for 42 minutes. United Airlines (UAL) handles 48.7% of SFO enplanements, facing investor scrutiny.

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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.

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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.

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