Latest Stock Market News — Page 512

Markets Jun 29 Daniel Marsh

Tesla Surge Powers QQQ as Q2 Delivery Estimates Take Center Stage

Tesla shares surged 5.9% to $402.28, adding roughly $80 billion to its market cap and contributing 0.18 percentage points to QQQ's gain. Investors focus on Q2 delivery estimates.

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Markets Jun 29 Daniel Marsh

Verizon Shares Slide After Dow Exit and BT Joint Venture Charges

Verizon shares dropped 6.4% after being removed from the Dow and disclosing charges for its BT joint venture, erasing $12.6 billion in market value.

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Regulation Jun 29 James Calloway

Snap Shares Dip as User Valuation Trails Rivals; Australia Regulatory Pressure Mounts

Snap shares declined Monday amid valuation concerns and fresh regulatory risks from Australia. The company's market cap per user lags behind rivals like Pinterest and Meta.

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Markets Jun 29 Daniel Marsh

CrowdStrike Surges Past Analyst Target Ahead of Stock Split

CrowdStrike shares surged 6.3%, adding $11.5 billion in market value and surpassing the average analyst target, ahead of its four-for-one stock split set for July 2.

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Markets Jun 29 Daniel Marsh

AT&T Slumps as Starlink-Cable Pact Rattles Telecoms

AT&T dropped 5.2% on Monday as news of a potential Starlink-Charter partnership and Comcast's breakup weighed on telecom stocks.

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Markets Jun 29 Daniel Marsh

Honeywell Aerospace Debuts as $72B Spin-Off, Data-Center Doubts Loom

Honeywell Aerospace started trading as a $72 billion spin-off, joining the S&P 500 and S&P 100 on day one, as data-center demand uncertainty weighs on the sector.

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Earnings Jun 29 James Calloway

Broadcom AI Revenue Surpasses Half of Forecast, Yet Shares Struggle in June

Broadcom's AI chip revenue is set to make up 54% of fiscal Q3 revenue, yet shares have fallen 20% in June due to margin worries.

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Technology Jun 29 Sarah Chen

Uber Gains $8 Billion in Market Cap After Robotaxi Unit Launch

Uber gained $8 billion in market cap after unveiling its robotaxi unit, with shares rising 5% before slipping 0.7% to $75.69.

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Markets Jun 29 Daniel Marsh

Micron Shares Plunge 7.6% as South Korean Chip Expansion Stirs Oversupply Fears

Micron shares tumbled 7.6%, wiping out $98 billion in market value, as South Korea's $518 billion chip expansion plan ignited fears of oversupply and pressured memory pricing.

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Markets Jun 29 Daniel Marsh

Rocket Lab Acquires Iridium in $8 Billion Cash-and-Stock Deal

Rocket Lab (RKLB) to acquire Iridium (IRDM) for $8 billion in cash and stock, gaining a profitable satellite network and spectrum. Iridium shareholders to receive $54 per share.

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Markets Jun 29 Daniel Marsh

Dow Rises as Amazon and Alphabet Lead; Advance Loses Breadth

The Dow gained 0.43% on Monday, powered by Amazon and Alphabet, which accounted for roughly 60% of the index's advance. The broader market lagged as gains narrowed.

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Markets Jun 29 Daniel Marsh

Wall Street Gains Narrow as Megacaps Outperform, Small Caps Slide

US stocks rose Monday, driven by megacaps, while small caps and chips lagged. Comcast jumped on spin-off news.

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