Today: 16 May 2026
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ADX:ALDAR 22 February 2026 - 7 March 2026

Abu Dhabi Securities Exchange (ADX) loses more than 5% in three-session week after rare halt

Abu Dhabi Securities Exchange (ADX) loses more than 5% in three-session week after rare halt

Abu Dhabi’s main stock index closed Friday down 1.4%, ending the week more than 5% lower after a rare two-day shutdown following missile and drone strikes in the UAE. Heavy selling hit Aldar Properties, Abu Dhabi Commercial Bank, and Emirates Telecommunications Group. The exchange imposed a 5% daily loss limit and urged companies to disclose any material impact. Dubai’s market dropped 3.2% Friday and 9% for the week.
7 March 2026
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Stock Market Today

  • Watsco's Earnings Decline Masked by Share Dilution, Raising Investor Concerns
    May 16, 2026, 9:10 AM EDT. Watsco Inc (NYSE:WSO) reported weaker earnings with net profit falling 6% in the last year and 16% annually over three years. Earnings per share (EPS) dropped 6.6% last year, further pressured by a 7.3% increase in shares outstanding, diluting shareholder value. This mismatch between net income and EPS signals that despite statutory profits, Watsco's core earnings power may be deteriorating. Analysts remain cautious on future profitability amid these headwinds. Investors should note the impact of dilution on EPS, a key metric showing per-share profitability and potential share price direction. Caution is advised given at least one notable risk flagged for the company.

Latest articles

Nvidia Shares Slip Ahead of Earnings as AI Trade Gears Up for a Big Week

Nvidia Shares Slip Ahead of Earnings as AI Trade Gears Up for a Big Week

16 May 2026
Nvidia shares dropped 4.4% to $225.32 Friday, trimming gains from a chip rally but leaving the stock up 4.7% for the week. U.S. markets are closed for the weekend ahead of Nvidia’s fiscal first-quarter results after Wednesday’s close. Options pricing signals a possible 7% post-earnings swing, putting the near-term trading range between $210 and $241. The Nasdaq snapped a six-week winning streak as chip stocks sold off.
Netflix Stock Holds Near $87 Ahead of Monday Signal

Netflix Stock Holds Near $87 Ahead of Monday Signal

16 May 2026
Netflix shares closed Friday at $87.02, nearly flat for the week, as the S&P 500 and Nasdaq both fell more than 1%. At its New York upfront, Netflix said its ad-supported plan now reaches over 250 million global monthly active viewers and will expand to 15 more countries in 2027. Analyst price targets average $115.89, but some remain cautious on user engagement and ad revenue growth.
Tesla’s China Rally Fades; Monday Seen Testing AI Optimism

Tesla’s China Rally Fades; Monday Seen Testing AI Optimism

16 May 2026
Tesla shares closed Friday at $422.24, down 4.75%, after no breakthrough on its driver-assistance software emerged from Trump’s Beijing summit. The stock lost 1.4% for the week, underperforming GM and NIO. Broader markets also fell, with the S&P 500 down 1.2%. Investors remain focused on China and Tesla’s Full Self-Driving approval prospects.
Palantir Steady as Nasdaq Slides Before Monday

Palantir Steady as Nasdaq Slides Before Monday

16 May 2026
Palantir closed Friday at $133.99, up 0.2%, but lost 2.8% for the week after a sharp midweek drop. The Nasdaq is closed for the weekend, with trading set to resume Monday. Palantir’s first-quarter revenue jumped 85% to $1.63 billion, but valuation concerns linger as its price-earnings ratio nears 150. Broader tech stocks, including Nvidia and AMD, fell sharply Friday.
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