Today: 23 May 2026
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NYSE:TMQ 26 January 2026

NioCorp stock jumps premarket as Trump administration rare-earth deal lifts U.S. critical minerals names

NioCorp stock jumps premarket as Trump administration rare-earth deal lifts U.S. critical minerals names

NioCorp shares rose 5.6% to $7.70 in early Monday trading after news of a $1.6 billion federal funding package for USA Rare Earth lifted the sector. The U.S. Department of Defense recently awarded NioCorp up to $10 million for its Elk Creek project. The company reported $307 million in cash at year-end and plans to file its quarterly report by Feb. 16. Investors remain alert to dilution risk after a new equity agreement filing.

Stock Market Today

  • Nifty Set for Sideways Trend Amid Weak Market Breadth: Sudeep Shah
    May 23, 2026, 3:52 AM EDT. The Nifty index edged up 0.27% to 23,719.30, supported by financial stocks but capped by profit booking in pharma and healthcare sectors. SBI Securities' Sudeep Shah highlighted a continued narrow trading range with weak momentum indicators like the relative strength index (RSI) and average directional index (ADX), reflecting market indecision. Market breadth is notably weak, with gains restricted to select stocks and sectors largely consolidating, signaling limited broad participation. Shah expects the Nifty to remain range-bound between 23,350-23,900 until a clear breakout occurs, with key resistance at 23,850-23,900 and support near 23,350-23,400. This restrained movement suggests sideways trends will dominate near-term market action.

Latest articles

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

23 May 2026
The Dow closed at a record 50,579.70 on Friday, while the S&P 500 notched its eighth straight weekly gain. After-hours trading saw SPY, QQQ, DIA, and IWM all move lower. U.S. markets will be closed Monday for Memorial Day. Investors await Thursday’s inflation data.
IREN Stock Pauses as Nvidia Rally Cools Before Holiday

IREN Stock Pauses as Nvidia Rally Cools Before Holiday

23 May 2026
IREN shares fell 2.1% to $56.83 Friday, ending a two-day rally but closing the week up 7.4%. The stock’s moves follow a $3.4 billion AI cloud deal with Nvidia and a $3 billion convertible note offering. March-quarter revenue dropped to $144.8 million, with a net loss of $247.8 million. U.S. markets close Monday for Memorial Day; trading resumes Tuesday.
AXT stock reaches record; investors weigh risk to rally

AXT stock reaches record; investors weigh risk to rally

23 May 2026
AXT shares jumped 16.37% to $140.83 on Friday, hitting a 52-week high and trading above all recent analyst targets. The surge followed strong demand for AI-linked optical networking hardware and a sharp rise in indium phosphide orders. First-quarter revenue climbed to $26.9 million, with gross margin turning positive. Management forecast Q2 profitability and a backlog over $100 million.
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