Stock Market 3 December 2025

MDA Space’s Toronto-listed shares rose 4.4% after the company agreed to acquire Blue Canyon Technologies from RTX’s Raytheon business in a US$620 million all-cash deal, aiming to expand its access to U.S. defense-space work and classified programs. Fermi shares gained about 10% to $9.50 with high trading volume, as Project Matador remained in focus following OpenAI-linked capacity reports, though no binding tenant agreement was mentioned. Nu Holdings closed at $12.71, down 1.5% for the day but up 4% for the week, with recent downgrades from Citi, Susquehanna, and BofA highlighting concerns about credit costs, leadership changes, and valuation. Coeur Mining closed at $17.51, down 0.1% but up 1.8% from June 12, and is set to join the S&P MidCap 400. Netflix ended Thursday at $77.38, up for the day but down 3.7% from the previous Friday. Shopify’s Toronto shares dropped 1.1% to C$152.06, while its U.S.-listed shares were little changed for the week after a midweek slump, amid an AI rollout and larger product updates. Rocket Companies gained 9.08% to $14.42, with traders watching mortgage rates, Fed moves, and housing data. Micron rose 8.7% to $1,133.99, up 15.5% for the week, ahead of its fiscal third-quarter results. Exxon Mobil fell 2.08% to $137.81, losing 6.3% for the week as Brent crude prices declined. Alamos Gold dropped 18% to C$42.13 after lowering its production outlook. Snap fell for a third straight session to $4.66. Keel gained 5.36% on Nasdaq and 17.19% in Toronto after selling $458 million in convertible notes. AT&T posted a fourth straight loss, closing at $22.01, as California regulators delayed its copper network decommissioning. Tesla rose 1.04% to $400.49 but was down 1.5% for the week, with attention on AI, robotaxi spending, and European Full Self-Driving reviews. NuScale Power rose 13.54% to $11.74, with development risk noted. Super Micro Computer closed at $30.66, up 10.37%, but remained about 25% below its June 9 close after financing news. Ford lost 5% for the week amid legal, regulatory, and sales challenges. Oil prices fell as tanker shipments increased in the Strait of Hormuz after a U.S.-Iran deal, though crossings remained below normal. The Dow closed at 51,564.70, up 0.7% for the week. Amazon ended at $244.39, up 2.4% for the week, with Prime Day and Q2 results ahead.