Today: 21 June 2026

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 05.05.2026

LIVEMarkets rolling coverageStarted: May 5, 2026, 12:00 AM EDTUpdated: May 5, 2026, 11:59 PM EDT Macmahon Holdings Drives Growth Among Top ASX Penny Stocks May 5, 2026, 11:51 PM EDT. The Australian market shows signs of a rebound, influenced by positive Wall Street trends and lower Brent crude prices. Macmahon Holdings (ASX:MAH) stands out among penny stocks, with a market cap of A$1.6 billion and nearly A$2 billion in mining revenue. The company secured a major five-year, A$190 million contract for the Wonawinta Silver project, boosting its earnings 97.2% over the past year. Despite a relatively new board, Macmahon's inclusion
5 May 2026
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Dow Drops 557 Points as Oil Shock Hits US Stocks; Palantir Slides After Hours

Dow Drops 557 Points as Oil Shock Hits US Stocks; Palantir Slides After Hours

The Dow Jones Industrial Average fell 1.13%, dropping over 550 points, as a surge in oil prices linked to Iranian attacks in the Strait of Hormuz rattled markets. Brent crude jumped 5.8% to $114.44 a barrel. Ten of 11 S&P 500 sectors declined, with energy the exception. Palantir shares slipped 2.69% after hours despite raising its 2026 revenue forecast and posting strong quarterly results.
5 May 2026
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Powell Industries’ $400 Million Data Center Order Puts Its AI Power Boom to the Test

Powell Industries’ $400 Million Data Center Order Puts Its AI Power Boom to the Test

Powell Industries reported fiscal Q2 new orders surged 97% to $490 million, lifting backlog to a record $1.8 billion. Profit slipped 1% to $45.9 million, missing analyst forecasts along with revenue. The company disclosed a post-quarter data center order exceeding $400 million, its largest ever. Shares fell nearly 2% before recovering slightly after hours.
5 May 2026
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Firefly Aerospace Stock Jumps After Q1 Revenue Beat and Golden Dome Defense Deal

Firefly Aerospace Stock Jumps After Q1 Revenue Beat and Golden Dome Defense Deal

Firefly Aerospace shares jumped 10% in after-hours trading Monday after reporting record first-quarter revenue of $80.9 million, up 40% from the prior quarter. The company kept its 2026 revenue outlook and said its SciTec unit won a U.S. Space Force contract for the Space-Based Interceptor program. Firefly’s net loss widened to $96.7 million, but its adjusted loss beat analyst estimates.
5 May 2026
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Sterling Infrastructure Stock Jumps as Data-Center Work Drives Q1 Beat, 2026 Outlook Raise

Sterling Infrastructure Stock Jumps as Data-Center Work Drives Q1 Beat, 2026 Outlook Raise

Sterling Infrastructure shares jumped 19% in late trading Monday after first-quarter profit and revenue beat estimates and the company raised its 2026 outlook. Net income was $96 million on revenue of $825.7 million, with E-Infrastructure revenue up 174% to $597.7 million. Backlog reached $3.80 billion, up 78% from a year ago. Building Solutions adjusted operating income fell 42% amid continued housing market weakness.
5 May 2026
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Stock Market Today: Dow Sinks 557 Points as Oil Shock Tests Wall Street’s Record Run

Stock Market Today: Dow Sinks 557 Points as Oil Shock Tests Wall Street’s Record Run

U.S. stocks fell Monday, with the S&P 500 down 0.4% and the Dow losing 557 points, after oil prices surged and fighting resumed near the Strait of Hormuz. Brent crude jumped 5.8% to $114.44 a barrel after the UAE reported an Iranian attack. The U.S. military said it sank six boats targeting civilian ships in the area. FedEx and UPS shares dropped over 9% after Amazon announced new supply chain services.
5 May 2026
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Pinterest Stock Surges After Q1 Earnings Beat as AI Ad Push Lifts Revenue Outlook

Pinterest Stock Surges After Q1 Earnings Beat as AI Ad Push Lifts Revenue Outlook

Pinterest shares jumped 15% to $24.06 in after-hours trading after first-quarter revenue beat estimates and the company issued a strong second-quarter outlook. Revenue rose 18% to $1.008 billion, with global monthly active users up 11% to 631 million. The quarter saw a net loss of $73.6 million, but adjusted earnings reached 27 cents per share, topping forecasts. Pinterest cited ongoing economic and regulatory risks in its outlook.
4 May 2026
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Gloo Closes Workday Partner Deal as AI Services Push Hits a Key Test

Gloo Closes Workday Partner Deal as AI Services Push Hits a Key Test

Gloo completed its acquisition of EnterpriseMarketdesk, expanding its Workday consulting and support services for nonprofits and mid-market clients. The deal includes issuing about 1.46 million Class A shares, with final terms undisclosed. Gloo shares fell 1.1% to $6.97 after the news. The company reported fiscal 2025 revenue of $94.7 million and raised 2026 guidance to $190 million.
4 May 2026
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Lunai Bioworks Stock: $20 Million Patent Deal Puts Nasdaq Fight in Focus

Lunai Bioworks Stock: $20 Million Patent Deal Puts Nasdaq Fight in Focus

Lunai Bioworks issued $20 million in Series B preferred stock to acquire Neurobridge IP Holdings’ CNS drug-delivery and neurotherapeutic patents, closing the deal May 1. The company said the transaction lifts its stockholders’ equity above Nasdaq’s $2.5 million listing minimum. Lunai shares traded at $0.3246 Monday, leaving its market value at $7.6 million. The acquired assets consist solely of patents, with no cash paid.
4 May 2026
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Cabaletta Bio Stock Jumps: Inside the $150 Million Bet on CABA’s Cell Therapy

Cabaletta Bio Stock Jumps: Inside the $150 Million Bet on CABA’s Cell Therapy

Cabaletta Bio shares surged 32% after the company reported early results from its cell-therapy trial and priced a $150 million stock offering with participation from Eli Lilly and others. Two of four pemphigus vulgaris patients showed clinical activity with rese-cel, its experimental CAR-T therapy. The company expects to fund operations into mid-2027. New data will be presented at the ASGCT meeting on May 14.
4 May 2026
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Union Pacific’s $85 Billion Norfolk Southern Merger Faces a New Walk-Away Test

Union Pacific’s $85 Billion Norfolk Southern Merger Faces a New Walk-Away Test

Union Pacific warned it could drop its $85 billion bid for Norfolk Southern if U.S. regulators require major line sales or trackage rights as merger conditions. The Surface Transportation Board is still reviewing whether the revised application is complete, with a May 8 deadline for comments. CSX and other rivals have stepped up opposition, citing reduced competition. Union Pacific may owe Norfolk Southern a $2.5 billion fee if it walks away.
4 May 2026
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Mirum Stock Jumps After Volixibat Trial Win Puts First PSC Itch Drug Within Reach

Mirum Stock Jumps After Volixibat Trial Win Puts First PSC Itch Drug Within Reach

Mirum Pharmaceuticals said its drug volixibat met the main goal in a 158-patient Phase 2b trial for primary sclerosing cholangitis, reducing itch scores more than placebo. Shares rose about 9% after the announcement. The company plans a pre-NDA meeting with the FDA this summer and aims to file for U.S. approval in the second half of 2026. No FDA-approved therapies currently exist for this rare liver disease.
4 May 2026
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Sangamo Stock Jumps Before Nasdaq Exit: Why SGMO Investors Are Watching May 5

Sangamo Stock Jumps Before Nasdaq Exit: Why SGMO Investors Are Watching May 5

Sangamo Therapeutics shares jumped about 33% Monday as the company prepared to move from Nasdaq to the OTCQB Venture Market following a delisting notice over its sub-$1 share price. Nasdaq is set to suspend trading in SGMO on May 5. Sangamo said it will appeal but expects trading to shift regardless. The company is seeking new funding and continues talks on partnerships and its Fabry disease gene therapy.
4 May 2026
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Above Food Ingredients (ABVE) Stock Jumps as Delayed 20-F Filing Keeps Investors on Edge

Above Food Ingredients (ABVE) Stock Jumps as Delayed 20-F Filing Keeps Investors on Edge

Above Food Ingredients shares surged about 22% to $0.65 in heavy Nasdaq trading Monday, with volume topping 42 million shares. The rally came as the company’s fiscal 2025 annual report remained delayed due to an ongoing audit. Above Food last reported a net loss of $53.3 million and a working-capital deficit of $85.4 million. Peer food and ingredient stocks moved little by comparison.
4 May 2026
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Stock Market Today

  • SMS (TSE:2175) Shares Appear 41% Undervalued Despite Recent Rally
    June 21, 2026, 1:46 AM EDT. SMS (TSE:2175) has surged 7.84% over the past month and 49.70% year-to-date, contrasting with a 29.66% decline in total returns over three years. The stock trades at ¥2,021, showing a price-to-sales (P/S) ratio of 2.6x, above the JP Professional Services industry average of 0.8x and peer average of 2.3x, indicating a premium for revenue expectations despite current net losses of ¥14,317. However, a discounted cash flow (DCF) model estimates a fair value of ¥3,412.82, suggesting shares are approximately 40.8% undervalued. This divergence between valuation metrics poses a critical decision for investors weighing SMS's future growth potential against market caution.

Latest articles

Home Depot shares finish week up as investors weigh housing numbers

Home Depot shares finish week up as investors weigh housing numbers

21 June 2026
Home Depot jumped 2.1% to $334.28 in a shortened week as Wall Street rallied, but weak U.S. housing starts and upcoming May new-home-sales data keep pressure on the home-improvement outlook; the company reaffirmed 2026 sales and earnings targets despite volatile conditions and persistent housing affordability concerns.
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