Today: 16 May 2026
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MTA:NEXI 7 March 2026

Last Week on Borsa Italiana: FTSE MIB Drops 6.5% as Banks Sink, Nexi Slides, Leonardo Holds Up

Last Week on Borsa Italiana: FTSE MIB Drops 6.5% as Banks Sink, Nexi Slides, Leonardo Holds Up

Italy’s FTSE MIB closed Friday at 44,152.26, down 6.48% from Feb. 27 and sharply below last week’s high. Nexi shares plunged 22% after unveiling a new plan, while STMicroelectronics and major banks also fell. Leonardo rose 3.39% after a UK helicopter contract. Investors raised bets on an ECB rate hike in 2026 as oil prices surged and inflation risks grew.

Stock Market Today

  • Q1 Earnings Review: Paramount (PSKY) and Consumer Discretionary Broadcasting Stocks
    May 16, 2026, 8:08 AM EDT. Q1 earnings for six consumer discretionary broadcasting stocks showed collective revenue surpassing analyst estimates by 1.3%, despite an average share price decline of 9.5%. Paramount Global (NASDAQ:PSKY) posted $7.35 billion in revenue, a 2.2% increase year-on-year and a 1% beat over expectations. However, its shares fell 3.2% post-report, trading at $10.78. Fox Corporation (NASDAQ:FOXA) reported $3.99 billion revenue, an 8.6% decline but exceeded forecasts by 4.7%. The sector faces headwinds such as cord-cutting, rising content costs, and regulatory challenges but benefits from robust demand for live sports and political advertising. These mixed dynamics underscore the volatility and structural challenges in broadcasting stocks within the consumer discretionary space.

Latest articles

Netflix Stock Is Stuck Near $87—The Monday Signal Traders Can’t Ignore

Netflix Stock Is Stuck Near $87—The Monday Signal Traders Can’t Ignore

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 Holds Its Ground As Nasdaq Drops Heading Into Monday

Palantir Holds Its Ground As Nasdaq Drops Heading Into 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.
Intel Shares Drop 13% for the Week With Eyes on Monday

Intel Shares Drop 13% for the Week With Eyes on Monday

16 May 2026
Intel shares closed at $108.77 Friday, down 6.2%, capping a 12.9% drop since May 8 after a brief rally on reports of a chip deal with Apple. The selloff followed a broader decline in chip stocks and new data showing Intel lost server CPU market share to AMD and Arm in the first quarter.
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