Latest Stock Market News — Page 492

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.

TE SPY

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

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.

GM TM CBK DB

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.

META NVDA MU LRCX TSLA FIZZ DLTR

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.

AAPL AMGN MCD TSLA NVDA MU LRCX

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.

MRVL AVGO NVDA AMD SPY

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