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Stock Market 15 March 2025 - 22 March 2025
Social Security is completing its June payments, with the highest checks of $5,181 only going to those who earned the yearly maximum. Lime is launching an offering of up to $180.9 million in shares, with Uber possibly buying $20 million worth. Chevron and Microsoft signed a 20-year deal for natural-gas power for a Texas data center, as Microsoft’s Azure grew 40% but its shares slipped. Alphabet shares dropped 5.6% amid concerns about AI costs, new share sales, and management changes, though Citizens maintained a $515 price target. AMC reported a strong weekend for Toy Story 5, with over 4.8 million attendees, but shares were down slightly. The S&P 500 and Dow rose, while the Nasdaq fell due to losses in mega-cap stocks, even as chip stocks gained. Brent crude dropped below $79 as U.S.-Iran talks progressed, and the 10-year yield rose. TSMC’s U.S. shares outperformed tech and chip ETFs, with June sales as a key catalyst and risks tied to AI capacity spending. MARA surged 12.8%, outpacing bitcoin and peers, while bitcoin ETF flows remained weak. Apogee Therapeutics jumped 47% after AbbVie agreed to acquire it for $135.11 per share, adding a late-stage antibody asset. SK Hynix’s market cap surpassed Samsung Electronics for the first time since 2000, driven by high-bandwidth memory demand. Netflix edged up 0.5% ahead of its July 16 earnings, with investors watching ad, pricing, and margin numbers. Definium’s DT120 met its Phase 3 endpoint in depression, with shares set for a strong open. CRH is acquiring Arcosa for $8.5 billion, expanding in U.S. aggregates and energy transmission. Yum Brands is selling Pizza Hut for $2.7 billion, ending its ownership as the brand lags competitors. Creator ad spending in the U.S. is projected to reach $44 billion in 2026. Jersey Mike’s topped the American Customer Satisfaction Index for quick-service restaurants, ending Chick-fil-A’s 11-year streak. SpaceX will join the Russell 1000, prompting an estimated $4 billion in passive buying. Super Micro Computer rose after a Buy upgrade and a new price target of $48. AT&T traded just above its 52-week low ahead of its Q2 earnings report.