Wall Street Gets Another Jolt From Bond Market; Traders Eye Next Moves

U.S. stocks dropped on Tuesday, with the main indexes retreating further from recent records. Treasury yields rose, pressuring stocks as inflation worries picked up again.

Akamai Stock Set to Jump as $1.8 Billion AI Cloud Deal Steals the Earnings Spotlight

Akamai Stock Set to Jump as $1.8 Billion AI Cloud Deal Steals the Earnings Spotlight

Akamai Technologies Inc. shares looked primed for a sharp move higher Friday, after the company revealed a $1.8 billion, seven-year cloud infrastructure deal with a U.S. AI model developer it declined to name. It’s the firmest indication yet that Akamai’s rented compute push is picking up traction. For the first quarter, Akamai reported revenue up 6% to $1.074 billion. Its Cloud Infrastructure Services segment—the distributed compute business—jumped 40% to $95 million.