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FTSE 100 Rises on Oil Surge, Kingfisher Gains
The FTSE 100 rose 0.86% to 10,556.60, led by oil stocks and Kingfisher, while Brent crude jumped over 2% on US strikes in Iran. UK shop prices rose 1.2% in May.
Indian Equities Stalled by Renewed U.S.-Iran Tensions; Oil Price Surge Hits Rupee
Nifty 50 traded flat at 24,021.95 as new U.S. strikes in Iran offset peace optimism. Brent crude rose over 2%, pressuring the rupee. Mid- and small-caps outperformed.
Infleqtion Stock Surges 31% After $100M Quantum Funding Deal
Infleqtion shares surged 31.4% last week after a $100 million CHIPS Act letter of intent. The stock closed Friday at $16.35, up 11.2%.
Plug Power Shares Steady After Rally; Cash Concerns Loom
Plug Power shares closed at $3.78 after a volatile week, with a 14.2% rally on news of its UK hydrogen project FID. Analysts remain cautious on cash burn.
Archer Aviation Shares Halted for Holiday, Focus Shifts to Tuesday's Trading
Archer Aviation (ACHR) closed Friday at $6.36, up 5.1% for the week, before slipping in after-hours trading. Markets are closed Monday for Memorial Day.
Quantum Stocks Surge on $2B Government Plan, QCi Faces Tuesday Test
Quantum Computing Inc. shares surged 7.89% to $12.31 Friday, part of a quantum sector rally fueled by a $2 billion U.S. government funding plan. QCi was not listed among recipients, setting up a key test when trading resumes Tuesday.
T1 Energy Surges 42% Amid Hedge Fund Stake and Short Seller Critique
T1 Energy shares surged 42.5% last week, fueled by a hedge fund's new stake and a short seller's allegations. The stock closed Friday at $8.08, down 7.34% for the day.
