Today: 24 April 2026

Vale stock slides 5% as Brazil mine curbs and China PMI cloud the week ahead

Vale stock slides 5% as Brazil mine curbs and China PMI cloud the week ahead

Vale’s U.S. shares fell 5.1% to $16.07 after Minas Gerais state inspectors ordered its Viga mine to stay shut over environmental concerns and fined the company $324,000. China’s manufacturing PMI slipped to 49.3 in January, fueling demand worries. The iShares MSCI Brazil ETF dropped 2.8%. Baowu Resources took control of Guinea’s Simandou Blocks 1 and 2, aiming for major iron ore shipments.
Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies shares fell 13.67% to $17.93 on Friday, with trading volume tripling its 50-day average. PennyMac Financial plunged 33% after reporting quarterly earnings far below estimates. UWM Holdings also dropped nearly 14% as mortgage stocks slid and both major indexes closed lower. Markets face added uncertainty after Donald Trump nominated Kevin Warsh to lead the Federal Reserve.
Apple stock closes higher after upbeat outlook, but chip squeeze keeps traders cautious

Apple stock closes higher after upbeat outlook, but chip squeeze keeps traders cautious

Apple closed up 0.3% at $259.48 after warning that rising memory-chip costs are squeezing profits, despite forecasting 13–16% revenue growth for the March quarter. CEO Tim Cook said processor shortages continue to constrain supply. First-quarter revenue reached $143.8 billion, with iPhone sales at $85.27 billion. Apple set its annual shareholders meeting for Feb. 24.
31 January 2026
PSLV price slides 27% as silver plunges — what to know about Sprott Physical Silver Trust before Monday

PSLV price slides 27% as silver plunges — what to know about Sprott Physical Silver Trust before Monday

Sprott Physical Silver Trust (PSLV) fell 27.2% to $26.41 Friday after spot silver plunged 27.66% to $84 an ounce, its steepest drop since at least 1982. The slide followed Donald Trump’s pick of Kevin Warsh for Fed chair and hotter-than-expected producer prices. COMEX March silver futures dropped 31.37% to $78.531. iShares Silver Trust (SLV) and abrdn Physical Silver Shares ETF (SIVR) both lost over 28%.
31 January 2026
Tesla stock jumps on SpaceX-xAI merger talk — what could move TSLA next week

Tesla stock jumps on SpaceX-xAI merger talk — what could move TSLA next week

Tesla shares closed up 3.3% at $430.41 after reports of possible mergers involving SpaceX, xAI, and Tesla. The company confirmed a $2 billion investment in xAI and maintained 2026 production targets for its Cybercab robotaxi. Tesla projected capital spending will top $20 billion in 2026, mostly for new vehicle and robotics lines. The Delaware Supreme Court reduced Tesla’s legal fee obligation in a director-pay case to $70.9 million.
Cadence Bank stock slips as Huntington deal countdown nears Feb. 1 close

Cadence Bank stock slips as Huntington deal countdown nears Feb. 1 close

Cadence Bank shares fell 1.7% to $42.11 Friday, widening their discount to the implied Huntington Bancshares takeover price ahead of the expected Feb. 1 merger close. Huntington ended up 1.1% at $17.48, raising the deal’s implied value to $43.26 per Cadence share. All regulatory approvals are in place, with final closing conditions pending. After-hours, Cadence rose to $42.41.
Chevron stock jumps after Q4 beat and Venezuela moves — what investors watch next week

Chevron stock jumps after Q4 beat and Venezuela moves — what investors watch next week

Chevron shares rose 3.3% to $176.90 Friday after beating fourth-quarter profit forecasts and announcing a 4% dividend increase. Executives said Venezuelan output could jump 50% if U.S. sanctions ease, while first-quarter production is expected to fall due to maintenance. Brent crude settled at $70.69. Investors await Sunday’s OPEC+ meeting and possible U.S. moves on Venezuela.
31 January 2026
Nu Holdings stock drops after Nubank gets conditional U.S. bank charter nod — what investors watch next

Nu Holdings stock drops after Nubank gets conditional U.S. bank charter nod — what investors watch next

Nu Holdings shares fell 5.3% to $17.75 after it received conditional approval to form a U.S. national bank, with trading volume over 51 million shares. The new bank, to be based in McLean, Virginia, still needs further regulatory sign-offs. The drop came amid broader losses for Brazil-linked and fintech stocks. Nu’s next major update is expected with its Feb. 25 earnings report.
31 January 2026

Stock Market Today

  • Sandisk Shares Surge Amid Conflicting Valuation Signals
    April 24, 2026, 2:57 PM EDT. SanDisk's stock price has soared, gaining nearly 97% over 90 days and reaching a market value of about $144.5 billion. Despite this momentum, analyst models diverge sharply on fair value. One estimates the stock as significantly overvalued at $932.43 versus a $264.95 target, while a discounted cash flow (DCF) model suggests a fair value of $2,833.85, implying a 67.1% discount to current prices. The surge is driven by growth in AI and cloud data center storage demand, boosting NAND flash memory sales. However, risks remain, including potential oversupply and cooling AI storage demand, which could pressure prices and margins. Investors face a dilemma between different valuation methods amid strong revenue growth and market optimism.

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StoneCo (STNE) Stock Slides as $2.53 Special Dividend Hits: What Investors Need to Know

StoneCo (STNE) Stock Slides as $2.53 Special Dividend Hits: What Investors Need to Know

24 April 2026
StoneCo shares dropped 16.3% to $12.18 Friday after trading ex-dividend for a $2.53-per-share extraordinary cash payout, totaling about R$3.08 billion. Shareholders approved 2025 accounts and board changes, including naming Mateus Scherer Schwening CEO. The dividend follows the sale of Linx. StoneCo reported 2025 adjusted gross profit up 13.5% to R$6.3 billion and payment volume up 8.7% to R$560.9 billion.
Why Cadence Stock Is Back in Focus Before Earnings as TSMC AI Chip Push Builds

Why Cadence Stock Is Back in Focus Before Earnings as TSMC AI Chip Push Builds

24 April 2026
Cadence shares rose 5.2% to $330.66 Friday, rebounding after a 5.21% drop Thursday. The move followed news that Cadence expanded its AI chip design collaboration with TSMC, covering advanced process nodes. Investors await Cadence’s first-quarter earnings report Monday. Rosenblatt reiterated a Buy rating and set a $360 price target.
TSMC Stock Hits Record After Taiwan Opens the Buying Door for Funds

TSMC Stock Hits Record After Taiwan Opens the Buying Door for Funds

24 April 2026
TSMC shares closed at a record NT$2,185 in Taipei Friday, up 5.05%, after Taiwan eased single-stock limits for local equity funds and active ETFs. The rule change allows these funds to invest up to 25% in companies like TSMC, which makes up over 40% of the market. TSMC also announced a new A13 chip roadmap and expanded U.S. packaging plans. MediaTek and UniMicron shares also rose sharply.
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