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AI Rally Cools: Chip Rout Erases $1.3 Trillion as Jobs Data Spurs Rate Jitters
Wall Street's AI-driven rally stalled Friday as chip stocks plunged, erasing $1.3 trillion in market cap, after a strong jobs report sparked Fed rate fears. The S&P 500 ended a nine-week winning streak.
Disney Holds Near $100 as Rosenblatt Boosts Target on Film Slate
Disney shares ended the week near $100 as Rosenblatt lifted its price target to $126, highlighting the profit potential from the 2026 film slate, even as the S&P 500 fell 2.64%.
Accenture Shares Swing Wildly Ahead of Q3 Earnings Report
Accenture shares fell 4.7% this week to $178.25 as investors await June 18 Q3 results, with focus on bookings and AI demand after record $22.1 billion Q2 bookings.
Energy Transfer Loses Streak; Weekly Gain Holds Despite Market Selloff
Energy Transfer LP units fell 1.17% to $19.39 on Friday, snapping a four-day winning streak, but still gained 1.1% for the week as the broader market sold off.
Philippine Airlines Appoints Ex-Malaysia Aviation Chief as Independent Director
Philippine Airlines appointed two new independent directors, including ex-Malaysia Aviation Group chief Izham Ismail, as it ramps up long-haul routes with A350-1000 jets.
SK Hynix Plunges 10% as Global Tech Rout Hits Seoul; AI Memory Trade Faces Key Test
SK Hynix shares tumbled 10% on Friday, leading a broader tech rout in Seoul. The drop marks a key test for the AI-memory trade, with HBM demand, U.S. chip sector moves, and the ADR listing plan in focus.
EchoStar shares slide ahead of pivotal week with SpaceX IPO, spectrum deal in focus
EchoStar shares fell 6.7% Friday, closing at $116.28, as traders assess the SpaceX IPO, AT&T spectrum deal, and a missed interest payment with a 30-day grace period.
Clorox Rallies as Market Slumps: Defensive Play Amid CEO Shuffle
Clorox shares jumped 5.03% to $94.14 on Friday, bucking a 2.64% S&P 500 drop, as defensive buying emerged amid CEO uncertainty and looming inflation data.
BETA Technologies Faces Key Week After Steep Sell-Off
BETA Technologies shares slid 5.6% to $17.13 after reporting a Q1 net loss of $122.3 million and guiding to a full-year adjusted EBITDA loss of $355-$445 million.