Latest Stock Market News — Page 501

Markets Jul 1 Daniel Marsh

SpaceX Short Sellers Test Nasdaq-100 Inflows After 6% Drop

SpaceX shares dropped 6% amid record short interest of 196 million shares, with Nasdaq-100 inclusion set for July 7 potentially driving $4.3 billion in passive inflows.

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Markets Jul 1 Daniel Marsh

Datavault AI Surges 21% on $700M Minerals Initiative, Yet Nasdaq Compliance Gap Remains

Datavault AI shares surged 21% on news of a $700 million minerals platform, but the stock remains below Nasdaq's $1 minimum bid price.

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Markets Jul 1 Daniel Marsh

Walmart's $42 Billion Market Cap Wipeout Raises Ad Revenue Questions

Walmart's stock tumbled 4.7%, wiping out $42 billion in market cap, as investors weigh the impact of its ad push against core retail headwinds.

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Markets Jul 1 Daniel Marsh

SoFi Stock Surges 3% on Small-Business Loan Launch, Outpacing QQQ

SoFi shares gained 3.3% Wednesday, outpacing QQQ and XLF, following its small-business loan launch. KBW kept its Underperform rating and $16 target.

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Markets Jul 1 Daniel Marsh

Opendoor Surges 9.6% on Heavy Volume, Short Sellers Squeezed

Opendoor Technologies (NASDAQ:OPEN) jumped 9.6% to $5.065 on Wednesday, with midday trading volume reaching 40.1 million shares, nearly matching its 65-day average. Short interest is 19.07% of float.

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$Dow Outperforms Nasdaq as Blue-Chip Math Favors Price-Weighted Index$

Markets Jul 1 Daniel Marsh

Dow Outperforms Nasdaq as Blue-Chip Math Favors Price-Weighted Index

The Dow Jones Industrial Average climbed 0.26% on Wednesday, outpacing the Nasdaq Composite, which fell 0.16%. Salesforce and Nike powered the Dow's recovery from early losses.

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Markets Jul 1 Daniel Marsh

Midday Market: Equal-Weight S&P Outperforms, Tech and Chips Weigh on Nasdaq

U.S. stocks were mixed at midday Wednesday, with the equal-weight S&P 500 outperforming the cap-weighted index by 60 bps. Weak ADP jobs data and a drop in semiconductor stocks weighed on the Nasdaq.

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Earnings Jul 1 James Calloway

General Mills Stock Rises on Q4 Profit Beat, But Trade Timing Boosts Results

General Mills (GIS) shares surged 6.8% after fiscal Q4 adjusted EPS of $0.95 topped the $0.80 consensus, but the beat was partly due to trade expense timing and an extra week.

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Markets Jul 1 Daniel Marsh

Mortgage Rates Remain Near Lows, Refi Savings Elusive

Mortgage rates are near recent lows, but the gap between quoted and actual rates keeps refinancing out of reach for most homeowners. Housing construction spending also declined.

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Technology Jul 1 Sarah Chen

Palantir Stock Surges on NVIDIA Deal, Market Cap Hits $326.5 Billion

Palantir shares climbed 8.8% to $126.98, reaching a $326.5 billion market cap after a strategic AI partnership with NVIDIA, while analysts debate valuation sustainability.

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Economy Jul 1 Daniel Marsh

July Social Security Calendar Creates $11.5 Billion SSI Timing Shift

July's six deposit dates pull August SSI cash forward, affecting daily spending and bank balances without changing total benefit income.

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Markets Jul 1 Daniel Marsh

Meta's Cloud Entry Rattles CoreWeave and Nebius After $15B AI Deal

Meta's cloud move sends CoreWeave and Nebius shares tumbling as a $15 billion AI compute option becomes a risk. Meta jumps 10%.

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