Today: 23 May 2026

PetroChina A-share stock heads into Monday: oil near $70, OPEC+ decision, and a Dalian refinery restart report

PetroChina A-share stock heads into Monday: oil near $70, OPEC+ decision, and a Dalian refinery restart report

PetroChina’s Class A shares closed at 11.02 yuan in Shanghai Friday, up 1.2% after reaching a 52-week high of 11.15 yuan. Crude prices hovered near six-month peaks as OPEC+ kept March output steady, citing Iran tensions. PetroChina’s parent plans to restart a 200,000 bpd Dalian refinery unit by mid-2026 to process discounted Russian crude, pending regulatory approval.
Verizon’s near-12% leap puts communication services stocks in focus ahead of Disney, Alphabet results

Verizon’s near-12% leap puts communication services stocks in focus ahead of Disney, Alphabet results

Verizon surged 11.8% after raising its 2026 profit outlook and announcing a $25 billion buyback. XLC closed at $120.08, up 0.24%, as telecom gains offset losses in internet platforms. AT&T and T-Mobile also rose sharply. The S&P 500 fell 0.43% Friday amid investor focus on Fed leadership and mixed tech earnings.
Basic Materials Stocks Slide After Metal Selloff — What to Know Before Monday’s Open

Basic Materials Stocks Slide After Metal Selloff — What to Know Before Monday’s Open

The iShares U.S. Basic Materials ETF fell 3.3% to $170.29 Friday, closing the week below its 52-week high after a sharp metals selloff. U.S.-listed gold and silver miners led declines as China’s manufacturing PMI dropped to 49.3, missing forecasts. Freeport-McMoRan slid 7.5%, while Air Products and Chemicals jumped 6.5% on earnings. Investors await U.S. and China economic data for direction.
Energy stocks brace for Monday after OPEC+ holds March output, Exxon and Chevron headlines

Energy stocks brace for Monday after OPEC+ holds March output, Exxon and Chevron headlines

OPEC+ kept March oil output unchanged Sunday, sending crude prices to multi-month highs as U.S.-Iran tensions mount. The Energy Select Sector SPDR ETF rose 1.1% Friday to $51.05, lifted by higher oil prices and strong earnings from Exxon and Chevron. Exxon posted adjusted Q4 earnings of $1.71 per share; Chevron reported $1.52, both beating forecasts. Brent crude closed at $70.69 a barrel, WTI at $65.21.
1 February 2026
Utilities stocks face a big rate test next week after XLU slips — what to watch

Utilities stocks face a big rate test next week after XLU slips — what to watch

The Utilities Select Sector SPDR Fund (XLU) closed Friday down 0.18% at $43.25, while the Utilities Select Sector Index slipped 0.21%. Investors are watching President Trump’s Fed chair pick and upcoming U.S. jobs data as interest rates regain influence. A new reliability warning highlighted concerns over grid investment after storms left 38 dead and nearly 300,000 without power.
Tech stocks brace for Alphabet, Amazon earnings as Nasdaq slip puts AI spending in focus

Tech stocks brace for Alphabet, Amazon earnings as Nasdaq slip puts AI spending in focus

The Nasdaq Composite fell 0.94% Friday to 23,461.82 as tech stocks stumbled ahead of key earnings from Alphabet, Amazon, AMD, and Qualcomm this week. Microsoft dropped 0.7% after a steep cloud revenue miss; Apple rose 0.4% on strong guidance. Investors are watching AI spending and the impact of Kevin Warsh’s Fed nomination as wholesale inflation jumped 0.5% last month.
Visa and AmEx wobble, Warsh looms: what financial services stocks face into Monday

Visa and AmEx wobble, Warsh looms: what financial services stocks face into Monday

U.S. financial services stocks slipped Friday, with the XLF ETF down 0.2% and Visa dropping 3%. Investors reacted to Donald Trump’s nomination of Kevin Warsh as Fed chair and awaited key jobs data. Yields on 10-year Treasuries rose to 4.251%. Visa and American Express both reported higher revenues but saw shares fall on operating expense concerns and a slight profit miss.
Healthcare stocks hold up as defensive bid lingers; Pfizer, Merck earnings set the tone

Healthcare stocks hold up as defensive bid lingers; Pfizer, Merck earnings set the tone

The Health Care Select Sector SPDR Fund (XLV) rose 0.6% to $154.74 Friday, while the S&P 500 fell 0.43%. Healthcare and consumer staples were the only S&P sectors in positive territory as investors shifted to defensive stocks. Major managed-care shares lagged after a minimal proposed Medicare Advantage rate hike. Pfizer, Merck, and Eli Lilly report earnings next week.
EV stocks face Monday test: BYD sales slump hits demand mood, Tesla pops on Musk deal talk

EV stocks face Monday test: BYD sales slump hits demand mood, Tesla pops on Musk deal talk

BYD reported January sales fell 30.1% year-over-year to 210,051 units, marking a fifth straight monthly drop. Tesla shares rose 3.3% Friday to $430.41 after reports of possible mergers involving Elon Musk’s companies. Rivian and Lucid declined, while U.S.-listed Chinese EV stocks also fell. NIO’s January deliveries nearly doubled to 27,182 vehicles.
Data center stocks slide into packed week as Vertiv, Arista drop; investors eye Big Tech capex

Data center stocks slide into packed week as Vertiv, Arista drop; investors eye Big Tech capex

Vertiv shares fell 4.5% and Arista Networks dropped 4.3% Friday as data center stocks slid ahead of a key week for tech earnings and U.S. economic data. Equinix and Digital Realty Trust also declined, while sector ETFs lost up to 2.5%. The pullback followed higher-than-expected producer prices and news that Donald Trump picked Kevin Warsh for Fed chair. Rising yields pressured REITs and cloud suppliers.
Oil stocks brace for a volatile week as OPEC+ holds March output and Iran risk simmers

Oil stocks brace for a volatile week as OPEC+ holds March output and Iran risk simmers

OPEC+ will keep oil production unchanged for March, as Brent crude closed Friday at $70.69 a barrel. Chevron and Exxon shares rose after reporting quarterly earnings and announcing buybacks and dividends. U.S. oil inventories and tensions with Iran remain in focus. Exxon posted $1.71 per share in adjusted profit, while Chevron reported $1.52.
L3Harris stock slips despite Navy Red Wolf win — what to watch in space and defense shares this week

L3Harris stock slips despite Navy Red Wolf win — what to watch in space and defense shares this week

L3Harris shares fell 3.7% to $342.85 Friday, underperforming defense peers after missing quarterly revenue estimates. The company announced a U.S. Navy contract for its Red Wolf long-range missile, but withheld financial details. Trading volume spiked above the 50-day average. Markets reopen Monday as investors watch contract flow and budget signals.
Quantum computing stocks: IonQ, Rigetti Computing, D-Wave Quantum slide 7%-9% — what to watch next week

Quantum computing stocks: IonQ, Rigetti Computing, D-Wave Quantum slide 7%-9% — what to watch next week

Quantum computing stocks fell sharply Friday, with IonQ down 7.5%, Rigetti 8.4%, D-Wave 8.6%, Quantum Computing Inc 9.0%, and Arqit Quantum 8.9%. IonQ disclosed share issuances tied to its Skyloom and Seed Innovations acquisitions in a recent SEC filing. U.S. markets are closed for the weekend. The Feb. 6 jobs report and Big Tech earnings are the next major events.
Microsoft slump sets up a big week for Big Tech stock prices as Alphabet and Amazon report

Microsoft slump sets up a big week for Big Tech stock prices as Alphabet and Amazon report

Apple rose 0.4% to $259.48 Friday, while Tesla jumped 3.3% to $430.41; Microsoft fell 0.7% to $430.29 and Meta dropped 3% to $716.50. Wall Street’s main indexes closed lower after Donald Trump nominated Kevin Warsh as Fed chair and producer prices beat forecasts. Alphabet and Amazon report earnings this week, with the U.S. jobs report due Feb. 6. Investors remain focused on tech guidance and capital spending.
Semiconductor stocks slide, setting up Advanced Micro Devices and Qualcomm earnings week

Semiconductor stocks slide, setting up Advanced Micro Devices and Qualcomm earnings week

The Philadelphia Semiconductor Index fell 3.9% Friday, closing at 7,998.5, as chip equipment stocks tumbled and KLA Corp dropped 15.2%. Sandisk surged after raising its revenue outlook and extending a supply deal with Kioxia. Investors await earnings from AMD on Feb. 3 and Qualcomm on Feb. 4, along with the U.S. jobs report Feb. 6. President Trump’s nomination of Kevin Warsh for Fed chair weighed on markets.
Ucore Rare Metals stock dives nearly 15% into weekend as rare-earth pricing talks loom

Ucore Rare Metals stock dives nearly 15% into weekend as rare-earth pricing talks loom

Ucore Rare Metals fell 14.6% to C$8.36 Friday on the TSX Venture Exchange after hitting an early high of C$9.50. The drop followed a volatile week and comes as U.S. officials prepare allied talks on rare-earth price stabilization next week. Investors are watching for updates on Ucore’s Jan. 31 debt and warrant deadlines. No new company statements have been posted since Jan. 15.
1 February 2026

Stock Market Today

  • Renasant Corp (RNST) Exhibits Strong High Growth Momentum and Technical Ratings
    May 23, 2026, 12:43 PM EDT. Renasant Corp (NYSE:RNST) stands out with 8/10 scores in both Technical and Setup ratings, signaling robust momentum. The firm posted 40.9% earnings per share (EPS) acceleration and 60.5% sales growth, marking it as a promising breakout candidate. These fundamentals attract growth investors seeking high-growth momentum (HGM) stocks poised for significant gains.

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Enbridge Stock Just Hit Fresh Highs. The Next Test Comes Fast

Enbridge Stock Just Hit Fresh Highs. The Next Test Comes Fast

23 May 2026
Enbridge’s Toronto shares closed at a 52-week high of C$80.19 Friday, up 0.72%, after launching an open season for Project Beacon, a proposed gas-pipeline upgrade in New England. The company says the project could add 300 million cubic feet per day of capacity by 2030. Toronto trading resumes Monday; U.S. markets are closed for Memorial Day.
AXT Hits Record as AI Optics Bet Lifts Shares

AXT Hits Record as AI Optics Bet Lifts Shares

23 May 2026
AXT shares closed at a record $140.83 on Friday, up 16.37% for the day and 13.8% for the week. The stock surged after volatile trading, driven by demand for indium phosphide used in AI data centers. U.S. markets are closed for Memorial Day until Tuesday. AXT will attend an investor conference May 28 and reconvene its shareholder meeting June 4.
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