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Nike Stock Volatile After Supreme Court Tariff Ruling; Earnings Loom
Nike stock closed slightly lower after an 8% intraday swing following a Supreme Court tariff ruling. Investors now focus on a new 10% global tariff effective Tuesday and the company's upcoming March 19 earnings report.
Etsy Surges on Depop Divestiture and Analyst Upgrade
Etsy stock climbed 8.5% to $52.18 after announcing the sale of its Depop unit to eBay for $1.2 billion and receiving an upgraded rating from Barclays. The company's Q4 revenue slightly missed estimates, and it projected a decline in first-quarter gross merchandise sales.
Cybersecurity Stocks Tumble as AI Startup Anthropic Launches Security Tool
CrowdStrike Holdings dropped sharply, with cybersecurity stocks broadly declining following Anthropic's launch of a Claude security tool. The sector faces renewed AI competition concerns ahead of key earnings reports.
Corning Surges to Record High on UBS Upgrade, Fueled by AI Data Center Demand
Corning shares surged 7.3% to a record high Friday after UBS upgraded the stock, highlighting robust fiber-optic demand from AI data center expansion. The stock's year-to-date gain is approaching 60%.
GE HealthCare Gains on FDA MRI Clearances; Investor Events Loom
GE HealthCare shares advanced 1.47% to $84.23, marking a fifth consecutive session of gains following FDA 510(k) clearances for two MRI systems and an AI workflow platform. Investor attention turns to upcoming management presentations.
Argentina's Merval Extends Rally on Labor Reform Progress, Trade Surplus
Argentina's benchmark Merval index climbed 1.2% Friday, capping a two-day 5.5% rally. The advance followed legislative progress on labor reform and a strong January trade surplus of $1.99 billion.
NGX Group Shares Steady Ahead of Key Board Meeting on 2025 Results
NGX Group shares closed unchanged at ₦122.00 on Friday, with market focus shifting to the upcoming board meeting to review 2025 audited financial statements. The NGX All-Share Index posted a strong weekly gain of 6.95%.
Egyptian Stocks Plunge on Geopolitical Fears Ahead of Key Bank Meeting
Egypt's benchmark stock index dropped sharply by 2.98% on Thursday, closing at 50,667.67 points, as regional geopolitical tensions rattled investors. The market's attention now turns to Sunday's reopening and Commercial International Bank's upcoming general assembly.
Vietnam Market Returns from Tet Break, Eyes 1,850 Resistance
Vietnam's stock market reopened Monday after the Tet holiday, with the VN-Index having ended a three-week losing streak by closing up 0.55% at 1,824.09 before the break. Brokers anticipate volatile action focused on foreign investment and large-cap performance.
BMV Shares Inch Higher Ahead of Key Mexican Economic Data
Grupo BMV shares closed Friday with a modest 0.2% gain at 36.86 pesos. Attention now shifts to Mexico's quarterly GDP report due Monday and inflation figures later in the week.
DFM Shares Dip Amid Geopolitical Tensions, Oil Price Decline
Dubai Financial Market shares closed lower on Friday, with the DFM General Index slipping 0.3% to 6,590.53 points as geopolitical tensions and declining oil prices weighed on sentiment.
Tel Aviv Bourse Shares Surge 6% on Volume Revival Ahead of Key Central Bank Decision
Shares of the Tel Aviv Stock Exchange operator jumped 6.4% on Friday, recovering from a prior decline, as trading volumes increased following its schedule change. The market now awaits the Bank of Israel's policy announcement on Monday.