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Victory Giant Tech Soars 60% in Hong Kong Debut; Aurora, Wintrust Gain
Victory Giant Technology surged 60% in its Hong Kong debut, raising HK$20.1 billion. Aurora Cannabis shares rose 0.8% amid analyst support, while Wintrust Financial posted strong Q1 results.
XRP Stalls Near $1.43 as Traders Eye Key $1.46 Resistance Level
XRP is trading near $1.43, having retreated from a Friday high above $1.50. Traders are monitoring $1.41 support and a $1.46-$1.50 resistance zone, with recent ETF inflows providing a bullish catalyst.
Gold Retreats Despite Middle East Tensions as Dollar, Yields Climb
Gold prices declined on Monday, pressured by a stronger U.S. dollar and rising Treasury yields, even as geopolitical tensions flared in the Middle East. The precious metal erased last week's gains, with spot gold falling 0.4%.
Meta's Q1 Earnings to Gauge AI Investment Payoff Amid Rising Costs
Meta Platforms will announce first-quarter financial results on April 29, as investors assess whether advertising gains can sustain the company's aggressive artificial intelligence investments.
Major Funds Ramp Up Leveraged Nasdaq ETF Bets Amid Market Dip
Recent SEC filings reveal several investment firms aggressively boosted their stakes in the ProShares UltraPro QQQ (TQQQ) ETF during Q4. The moves come as the Nasdaq Composite faced pressure from geopolitical tensions.
Pfizer Gains on FDA Priority Review for Padcev as Pipeline Pivots Post-COVID
Pfizer shares advanced after the FDA granted priority review for its Padcev bladder cancer therapy, setting an August decision. Investors await Q1 results to gauge progress in oncology and obesity drugs against fading COVID sales.
SCHD ETF Approaches 52-Week Peak as Dividend Strategies Regain Favor
The Schwab U.S. Dividend Equity ETF traded near $31.06, close to its 52-week high, with year-to-date gains around 14%. The fund captured a significant portion of the $24.1 billion that flowed into U.S. dividend funds during the first quarter.
Wall Street Retreats as Oil Surge Tests Rally, Ceasefire Deadline Looms
U.S. equities declined Monday, with the S&P 500 falling 0.33% and Nasdaq dropping 0.55%, as surging oil prices and Middle East tensions interrupted last week's record rally. Brent crude surged 5.1% to $94.99 per barrel.
Walmart Pilots Backroom Fulfillment to Accelerate Marketplace Delivery
Walmart is piloting a program in Dallas that uses store backrooms to hold third-party marketplace inventory for faster same-day delivery, a strategic move to compete with Amazon's delivery speed.
Analysts Boost Apple Outlook Ahead of Earnings, Highlight Memory Cost Divergence
Apple shares gained as Morgan Stanley reiterated a bullish $315 price target ahead of earnings, while BNP Paribas upgraded the stock and cut Qualcomm, citing diverging abilities to handle higher memory costs.
Oracle Shares Flat as AWS Partnership Fails to Ignite AI Revenue Optimism
Oracle shares were nearly unchanged Monday as the market assessed whether its new AWS Interconnect integration will generate sustainable AI income. The stock remains significantly below its peak from last September.