Coeur Mining slips ahead of S&P MidCap 400 inclusion, tracks weaker silver names
Coeur Mining stock fell Wednesday, trimming some of June’s gains. The silver and gold miner is due to join the S&P MidCap 400 index in a few days.
Coherent shares drop after $50 million CHIPS grant raises questions for AI optics
Coherent Corp shares dropped again Wednesday, after a 6.2% slide Tuesday, even with news of a $50 million U.S. manufacturing award for its Texas site. The stock traded at $378.85, off $3.79, or nearly 1%. TradingKey posted the prior day’s fall.
Dow sinks 506 points after Fed decision leaves rates steady, risk of hike rises
Dow slips as Fed holds rates steady, signals possible hike this year. Index dropped Wednesday after a brief climb above 52,000 faded when the Federal Reserve kept rates unchanged and flagged a chance of higher borrowing costs ahead.
US shares slip as Fed keeps rates steady, eyes possible 2026 hike
U.S. stocks slumped late Wednesday. The Federal Reserve kept rates unchanged, but markets didn’t find much hope for a rate cut soon. The S&P 500 slid 91.23 points, or 1.2%, to 7,420.12. The Dow Jones Industrial Average dropped 506.51 points, or 1.0%, to 51,493.16. The Nasdaq Composite was down 354.69 points, or 1.3%, closing at 26,021.66.
Vertiv shares rise as AI data center names get bid ahead of US holiday
Vertiv Holdings Co jumped late Wednesday, bucking the weaker U.S. equity market. Investors piled into the data center company, which is seen as a top artificial intelligence infrastructure pick. Shares were at $321.49, up $21.89, or 7.3%. Vertiv earlier hit $329.43. Volume was slightly over 5.0 million shares.
Rocket Companies (RKT) pulls back as Fed outlook dents mortgage lenders
Rocket Companies shares lost close to 6% late Wednesday, dragged down by higher rates pinching mortgage lenders and a new analyst downgrade casting doubt on any quick upside for the stock.
Nebius stock surges after Eigen AI win, eyes on Nasdaq-100 cloud move
Nebius Group spiked in late Nasdaq action Wednesday after the Amsterdam AI cloud company wrapped up its purchase of Eigen AI. The company said the deal is aimed at moving Nebius further into AI software. Nebius shares climbed around 8.4% to $287.49, after hitting $297.75 intraday, according to the latest data.
TD Bank hits 52-week high as shares gain
Toronto-Dominion Bank jumped in Wednesday afternoon action, hitting a 52-week high while the Canadian benchmark stayed close to records. Investors are looking at a new round of management changes for TD Securities. The bank’s U.S.-traded stock was last up 0.7% to $119.01 just before 3 p.m. EDT, after reaching $119.63 earlier.
MP Materials surges with G7 rare-earth push in focus
MP Materials Corp. shares surged Wednesday afternoon after new Western policy pushed rare-earth stocks higher and drew investor attention to the sector.
Coupang shares rise as market shrugs off South Korea privacy penalty
Coupang Inc shares surged Wednesday, adding to their rebound as South Korea put a price on a large privacy case and a bullish analyst call hit. The NYSE stock was last up 8.3% at $19.53, just below its $19.59 high. Volume neared 27.9 million shares.
Fermi shares spike with Neugebauer supporting new CEO pick in ongoing board fight
Fermi Inc shares rose Wednesday after ex-CEO Toby Neugebauer backed John Sellers of Double Eagle Energy III to take charge of the AI power player. The nod ramps up pressure in an ongoing governance battle over Fermi’s incomplete Project Matador campus.
ASML stock rises after Citi AI call boosts chip-equipment names
ASML Holding shares jumped 4.10% in Amsterdam on Wednesday, finishing at €1,656.40. The AEX index advanced 1.18% to close at a record high. ASML’s ADRs in New York traded at $1,919.39, up $115.50. The stock earlier hit $1,938.00.
Allbirds pops on Smartbird AI pivot and CEO shakeup
Smartbird jumped Wednesday after the company, which used to be Allbirds, said it wrapped up its move out of footwear, rebranded, and brought in ex-Amazon Web Services exec Nadia Carlsten to run its AI infrastructure push. BIRD shares traded up roughly 50% at $5.92 before 2 p.m. in New York. Volume topped 41 million, well above typical action for the small-cap stock.
Rackspace jumps after AMD AI compute agreement raises hopes for turnaround
Rackspace Technology stock surged on heavy volume Wednesday, building on two days of steep gains. The cloud-services company finalized its May memorandum with Advanced Micro Devices into a binding deal for AI data-center capacity.
AT&T drops after CFO shift renews debt, fiber cost worries
AT&T Inc. shares dropped 87 cents to $22.29 on Wednesday. The fall came as the company plans a shuffle in its CFO position. The stock hit a low of $22.28 earlier in the session. The move lagged the wider market, with the SPDR S&P 500 ETF Trust down nearly 0.1%.
Citi raises price target for Applied Materials on AI chip gear demand; stock rises
Applied Materials stock jumped Wednesday, with the chip-equipment maker rising after Citi lifted its price target. Investors also bought into firms linked to AI chip spending. Shares recently traded 6.7% higher at $606.53. The iShares Semiconductor ETF was up 3.3%.
Banco Bradesco gains ahead of Brazil rate call, Ibovespa up
Banco Bradesco S.A. preferred shares moved up 1.19% to R$17.87 on Wednesday afternoon in São Paulo. Trading ranged from R$17.72 to R$17.98 after opening at R$17.75, according to Google Finance at 13:56 BRT. Brazilian bank stocks were firmer ahead of a central bank decision later in the session.
Micron gains as analysts raise AI memory outlook ahead of earnings
Micron Technology Inc shares traded higher Wednesday, bouncing back along with other chip names. Investors shrugged off Tuesday’s drop in tech and are focused on next week’s earnings, looking for signs of demand for AI memory chips.
Tesla stock dips as delivery hopes run into full self-driving test
Tesla shares dropped in midday Wednesday trading, with little reaction to Goldman Sachs raising its delivery forecast or a fresh charging partnership announced in Argentina.
Boeing 737 MAX 7, MAX 10 close to US and European signoff after lengthy de-icing holdup
Regulators in the U.S. and Europe are nearly set to sign off on Boeing’s 737 MAX 7 and MAX 10 jets, moving them closer to delivery after lengthy delays. FAA Deputy Administrator Chris Rocheleau said certification work in the U.S. is almost complete. Over in Europe, EASA Executive Director Florian Guillermet called approving the MAX 10 a top focus.
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