Today: 16 May 2026

Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

TQQQ Slides Toward $40 as Nasdaq Correction Tests Leveraged QQQ Trade

TQQQ Slides Toward $40 as Nasdaq Correction Tests Leveraged QQQ Trade

ProShares UltraPro QQQ fell to $39.67 Friday morning, extending a steep drop as the Nasdaq-100 correction deepened. The $23 billion leveraged ETF, which targets triple the index’s daily return, tracked sharper losses than unleveraged QQQ, while inverse SQQQ rose 3.1%. Oil and Treasury yields climbed as investors reacted to Middle East tensions and inflation risks. Trading volumes spiked, reflecting heightened volatility.
27 March 2026
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Meta and Alphabet Stocks Slide Again After Social Media Addiction Verdicts Raise Liability Fears

Meta and Alphabet Stocks Slide Again After Social Media Addiction Verdicts Raise Liability Fears

Meta and Alphabet shares fell Friday after U.S. juries found them negligent in child-safety cases, awarding $6 million in Los Angeles and $375 million in New Mexico. Meta was assigned most damages in both cases, which focused on app design features like infinite scroll. The rulings triggered renewed calls in Congress to tighten online child safety laws. Meta said it will appeal.
27 March 2026
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Intel Stock Today: Shares Drop Near $44 as Fresh Chip Launch Runs Into Nasdaq Correction

Intel Stock Today: Shares Drop Near $44 as Fresh Chip Launch Runs Into Nasdaq Correction

Intel shares slipped 1.2% to $43.58 in early Friday trading after rolling out new Core Ultra Series 3 chips and Arc Pro graphics cards. The launch followed a brief rally in CPU stocks but came as the Nasdaq entered correction territory and concerns over supply constraints persisted. Intel warned of server CPU shortages in China, with some lead times stretching to six months and prices up over 10%.
27 March 2026
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CrowdStrike Stock Back in Focus as Cybersecurity Spending Holds Up, AI Debate Shifts

CrowdStrike Stock Back in Focus as Cybersecurity Spending Holds Up, AI Debate Shifts

CrowdStrike shares closed Thursday up 1.75% at $392.62, still 31% below their 52-week high. The company launched Charlotte AI AgentWorks with partners including AWS and Anthropic at the RSA Conference on March 25. Fiscal 2026 revenue rose 22% to $4.81 billion, with annual recurring revenue at $5.25 billion. IBM expanded its partnership, integrating CrowdStrike’s AI into its threat-operations system.
27 March 2026
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Snap Stock Price Slides After EU Child-Safety Probe Hits Snapchat Parent

Snap Stock Price Slides After EU Child-Safety Probe Hits Snapchat Parent

Snap shares fell 10.7% to $4.01 after the EU launched a formal probe into Snapchat’s child-safety and content controls under the Digital Services Act. Meta and Alphabet also dropped after a U.S. jury found them negligent in a social-media harm case. The EU investigation could lead to fines of up to 6% of Snap’s global sales. Snap said it is cooperating with regulators.
27 March 2026
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Why MARA Stock Is Rising: $1.1 Billion Bitcoin Sale Cuts Debt, Backs AI Push

Why MARA Stock Is Rising: $1.1 Billion Bitcoin Sale Cuts Debt, Backs AI Push

MARA Holdings shares rose 3.6% premarket Friday after the company sold $1.1 billion in bitcoin to fund a discounted buyback of $1 billion in convertible notes. The move cut MARA’s outstanding convertible debt by about 30%. Bitcoin fell nearly 4%, while rival miners Riot Platforms and CleanSpark dropped over 6%. MARA reported a $1.7 billion net loss for Q4 as energy costs surged and digital asset values declined.
27 March 2026
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Circle’s CLARITY Act Selloff May Be Overdone as Stablecoin Draft Hits Coinbase Harder

Circle’s CLARITY Act Selloff May Be Overdone as Stablecoin Draft Hits Coinbase Harder

Circle shares plunged 20% Tuesday, their steepest drop on record, after a Senate draft bill targeted rewards for holding stablecoins. The draft bars digital asset providers from paying interest solely for holding payment stablecoins but allows transaction-based incentives. Analysts at Bernstein and Citigroup said the selloff may have overshot, noting the bill does not restrict reserve income earned by issuers like Circle.
27 March 2026
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Alphabet Stock News: Nordea Rejigs Google Stake as BDF Gestion, Tompkins Trim Holdings

Alphabet Stock News: Nordea Rejigs Google Stake as BDF Gestion, Tompkins Trim Holdings

Nordea raised its Alphabet Class C (GOOG) stake by 4.9% but cut its Class A (GOOGL) holding by 20.1% in fourth-quarter filings. BDF Gestion and Tompkins Financial also trimmed smaller Alphabet positions. The disclosures come as Alphabet shares fall after a legal loss for Google and a broader tech selloff. The filings reflect holdings as of Dec. 31, not current trades.
27 March 2026
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Nvidia Stock Price Falls 4%: Why Huawei, China Risk and a Nasdaq Correction Matter Now

Nvidia Stock Price Falls 4%: Why Huawei, China Risk and a Nasdaq Correction Matter Now

Nvidia shares fell 4.16% to $171.24 on Thursday, cutting its market value to $4.53 trillion. Huawei’s new 950PR chip, set for mass production next month, has drawn orders from ByteDance and Alibaba. U.S. senators urged a pause on Nvidia exports to China after universities linked to the PLA bought restricted chips. The Nasdaq closed 10.7% below its October peak, confirming a correction.
27 March 2026
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CenterPoint Energy Stock Draws Fresh Focus on Dividend Yield, Nordea Stake and Houston Power Demand

CenterPoint Energy Stock Draws Fresh Focus on Dividend Yield, Nordea Stake and Houston Power Demand

CenterPoint Energy closed at $42.33 Thursday after Nordea Investment Management raised its stake by 14.3% to 522,801 shares, according to SEC filings. The company maintained 2026 adjusted earnings guidance of $1.89–$1.91 per share and a $0.23 quarterly dividend. CenterPoint expects Houston peak load to rise 50% by 2029, two years earlier than forecast.
27 March 2026
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Bitcoin Price Faces Make-or-Break Friday as $14 Billion Options Expiry and Oil Shock Collide

Bitcoin Price Faces Make-or-Break Friday as $14 Billion Options Expiry and Oil Shock Collide

About $14 billion in bitcoin options are set to expire on Deribit Friday, clearing nearly 40% of open interest as bitcoin trades in the mid-$66,000s. Brent crude hovered near $110 a barrel and the U.S. 10-year Treasury yield reached 4.456%, with traders watching resistance at $72,000. ETF flows and spot demand remain weak, analysts said. Gold and silver have fallen more sharply than bitcoin this month.
27 March 2026
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HPE, Progressive Gain Fresh S&P 500 Backing as GoDaddy, Caterpillar, eBay, Molson Coors Face Warnings

HPE, Progressive Gain Fresh S&P 500 Backing as GoDaddy, Caterpillar, eBay, Molson Coors Face Warnings

StockStory backed Hewlett Packard Enterprise and Progressive, citing strong revenue and profit growth, while warning on GoDaddy, Caterpillar, eBay, and Molson Coors due to weaker trends. The Nasdaq fell into correction Thursday and the S&P 500 saw its sharpest drop since January 20. U.S. equity funds attracted $37.24 billion in the week to March 25, the largest inflow since November.
27 March 2026
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Stock Market Today: Global Shares Fall Again as Trump’s Iran Delay Fails to Calm Oil, Nasdaq Correction Deepens

Stock Market Today: Global Shares Fall Again as Trump’s Iran Delay Fails to Calm Oil, Nasdaq Correction Deepens

Global stocks fell Friday after President Trump delayed the Iran Strait of Hormuz deadline to April 6, failing to calm oil or bond markets. The STOXX 600 dropped 0.8%, while U.S. futures were flat. Brent crude rose to $109.88 a barrel, and the 10-year U.S. Treasury yield hit 4.456%, its highest since July. The Nasdaq is now nearly 11% below its October record, entering correction territory.
27 March 2026
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NIO Stock Price Falls as Nasdaq Correction Bites and March Delivery Hurdle Looms

NIO Stock Price Falls as Nasdaq Correction Bites and March Delivery Hurdle Looms

NIO’s U.S.-listed shares fell 3.8% to $5.56 Thursday as the Nasdaq entered correction territory and oil prices surged on Middle East concerns. The drop erased part of a post-earnings rally after NIO reported its first quarterly net profit and forecast break-even in 2026. NIO must deliver 32,000 to 35,000 vehicles in March to meet its Q1 guidance. Broader EV stocks also declined amid inflation fears and market uncertainty.
26 March 2026
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Amazon Stock (AMZN) Falls 2% as Nasdaq Correction Overshadows Fresh AWS Bull Calls

Amazon Stock (AMZN) Falls 2% as Nasdaq Correction Overshadows Fresh AWS Bull Calls

Amazon shares fell 2% to $207.54 in late New York trading Thursday as the Nasdaq entered correction territory, dropping 2.38%. Wall Street firms including Citi and JPMorgan raised Amazon price targets this week, citing strong AWS outlook, but concerns persist over Amazon’s planned $200 billion in 2026 capital spending and recent cloud disruptions linked to Middle East conflict.
26 March 2026
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Snap Inc. Stock Price Falls 11% as EU Probe Sparks Fresh Child-Safety Fears

Snap Inc. Stock Price Falls 11% as EU Probe Sparks Fresh Child-Safety Fears

Snap Inc. shares fell nearly 11% to $4.01 Thursday, hitting a 52-week low after the EU launched a probe into Snapchat’s protections for minors and illegal goods. The drop followed a California verdict finding Meta and Google negligent over features harmful to young users. Meta shares fell 8%, Pinterest 3.9%. Brussels is investigating Snap under the Digital Services Act, which allows fines up to 6% of global sales.
26 March 2026
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BMNR stock slides after Bitmine Immersion Technologies launches MAVAN despite B. Riley target hike

BMNR stock slides after Bitmine Immersion Technologies launches MAVAN despite B. Riley target hike

Bitmine Immersion Technologies shares fell 8% to $19.47 Thursday, despite launching its MAVAN Ethereum staking platform and a price target hike from B. Riley to $33. The company reported 3.14 million staked ETH worth $6.8 billion and projected annual staking rewards near $300 million. Crypto markets broadly declined, with ether down over 4%.
26 March 2026
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Stock Market Today

  • Stantec Q1 2026 Reports Record Backlog and Revenue Growth Despite Weaker Share Price
    May 16, 2026, 1:54 AM EDT. Stantec reported a record C$9 billion backlog and strong Q1 2026 revenue of about C$1.7 billion, with net income of C$110.8 million, beating prior year figures and market estimates. The backlog equates to roughly 13 months of contracted work in Water, Buildings, and Energy & Resources sectors. Management reaffirmed 2026 guidance for 8.5%-11.5% revenue growth and targets for adjusted earnings per share growth and margin expansion. Despite these operational gains, the share price dropped 11% in the past week, down 19.4% year to date. The stock remains up 37% over three years. Stantec also declared a quarterly dividend of C$0.245 and maintained operational carbon neutrality, appealing to sustainability-focused investors. Market watchers will monitor backlog conversion and execution in upcoming quarters to validate growth momentum.

Latest articles

Dow Drops 537 Points With After-Hours Selling Threatening Wall Street AI Rally

Dow Drops 537 Points With After-Hours Selling Threatening Wall Street AI Rally

16 May 2026
U.S. stock ETFs fell in after-hours trading Friday following a more than 1% drop in the S&P 500, Dow, and Nasdaq. Oil surged 4.2% to $105.42 a barrel and the 10-year Treasury yield hit 4.597%, fueling concerns over inflation and Fed rate hikes. Nvidia, AMD, and Intel led chip declines, while Berkshire Hathaway disclosed a $2.65 billion Delta stake and exited Amazon, Visa, and Mastercard.
Accuray inks 10-year cancer tech agreement, shares in focus

Accuray inks 10-year cancer tech agreement, shares in focus

16 May 2026
Accuray and the University of Wisconsin School of Medicine and Public Health signed a 10-year research agreement focused on Accuray’s Stellar adaptive radiotherapy platform. The announcement came after market close, with Accuray shares ending down 5.2% at $0.27. The deal follows Accuray’s recent withdrawal of fiscal 2026 guidance and ongoing financial pressures.
Origin Materials Gains as Filing Signals $3.54 Liquidation Payout Possible

Origin Materials Gains as Filing Signals $3.54 Liquidation Payout Possible

16 May 2026
Origin Materials asked shareholders to approve a plan to liquidate and dissolve the company, estimating an initial payout of $0.61 to $3.54 per share depending on asset sales and claims. Shares rose 15% to $1.43 after the filing. The company reported a 91% drop in first-quarter revenue and warned it may not survive without the wind-down. Origin cut 59% of its workforce and CEO John Bissell stepped down May 1.
NextNRG Q1 Revenue Gains, but Company Holds Cash Warning

NextNRG Q1 Revenue Gains, but Company Holds Cash Warning

16 May 2026
NextNRG reported first-quarter revenue of $21.1 million, up 29% from a year earlier, but its net loss widened to $10.8 million. Cash fell to $208,048 at quarter-end, and management warned it needs immediate capital to continue operations. Shares closed at $0.2804 on Nasdaq, down nearly 6%. Total liabilities reached $34.3 million, with a stockholders’ deficit of $22 million.
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