Delta Air Lines (DAL) shares opened down on Friday despite posting better-than-expected second-quarter (Q2) earnings. The flagship air carrier reported $1.56 a share of earnings on $17.67 billion in revenue for its fiscal Q2, handily beating $1.48 a share and $17.53 billion that experts had forecast. DAL’s price action this morning, therefore, resembles a classic
Meta Platforms Inc. (NASDAQ: META) shares climbed 6% in trading on Friday, becoming the top-performing Magnificent 7 stock. It extended this week’s rally as investors responded to a series of artificial intelligence-related developments, including reports of a new in-house AI chip, expanding computing capacity, and the launch of its latest AI model. The stock is
Bloom Energy stock has retreated into a bear market, falling by 33% from its highest point this year. It dropped to $234 today, continuing a trend that started on June 25 when it reached a record high of $350. So, is this the start of a prolonged bear market or will it rebound soon? Bloom
SpaceX (SPCX) shares fell more than 2% on Friday, extending a volatile stretch that has erased the stock’s post-IPO gains as investors continue debating whether Elon Musk’s AI and space ambitions justify one of the world’s richest valuations. The stock traded around $148, below its $150 listing price, after briefly soaring to a record closing
Cardano (ADA) traded higher on Friday as investors responded to fresh developments surrounding the network’s leadership and ongoing technical progress. The cryptocurrency climbed to $0.1688, marking a 0.6% gain over the past 24 hours, while trading near the upper end of its daily range between $0.1650 and $0.1697. Although the daily move was modest, ADA
Seagate Technology (STX) shares rose on Friday after Wells Fargo upgraded the data storage company to an Overweight rating. The analyst cited growing confidence in its long-term earnings potential and sustained demand for hard-disk drives (HDDs) driven by artificial intelligence infrastructure. The upgrade comes after Seagate shares pulled back in recent weeks amid concerns over
WD-40 Company (WDFC) shares surged on Friday after the lubricant and household products maker reported stronger-than-expected fiscal third-quarter results, driven by robust global demand for its flagship WD-40 Multi-Use product. The stock climbed more than 12% during the session and was on track for its highest level in nearly 20 months. The rally followed quarterly
South Korean semiconductor giant SK Hynix made history on Wall Street, listing on Nasdaq today via American Depositary Receipts (ADRs) under the ticker SKHY. The firm’s US initial public offering (IPO) priced at $149 was more than 7x oversubscribed – and raised a total of about $26.5 billion. This made it the largest-ever US listing
US stocks ended higher on Friday, with the S&P 500 closing just shy of a record high as enthusiasm around artificial intelligence and semiconductor stocks offset concerns over renewed tensions in the Middle East. Investors also turned their attention to the start of the second-quarter earnings season next week, when major US banks will begin
Gold prices moved higher on Thursday, recovering above the $4,100 mark after stronger-than-expected US lalabourbour market data boosted investor sentiment. The gains came after the precious metal traded lower earlier in the day as rising oil prices fueled concerns that inflation could remain elevated and delay potential interest rate cuts. Spot gold climbed to an