Palantir Jumps, Wall Street Still Has AI Concerns
Palantir Technologies shares traded higher on Thursday as the stock bounced along with other AI software names. Investors came back to growth stocks following a rough start to the week.
Photronics Sinks 32% After Q2 Miss
Photronics shares dropped 32% Thursday, hitting an intraday low of $34.71. The photomask maker reported quarterly earnings that missed estimates and guided down for the current quarter. Shares last traded at $36.22 with heavy volume. The iShares Semiconductor ETF rose 1.35%.
CIBC Shares Drop Even With Profit Beat and Caribbean Sale
CIBC shares tumbled Thursday after the Canadian lender topped quarterly profit forecasts but said it will sell most of its Caribbean unit for about US$1.6 billion. The stock lost 5.5% to C$150.72 at 11:38 a.m. ET in Toronto, near its low for the day, after starting at C$160.50. Trading income came in strong.
Dow Rally Stalls as Oil and Inflation Worries Meet Iran Moves
Dow slides as U.S.-Iran worries and inflation data cool record run The Dow Jones Industrial Average slipped Thursday, losing ground after a string of records. U.S.-Iran tensions and new inflation data drove investors to cut some risk. By 10:01 a.m. ET, the Dow was down 110.97 points, or 0.22%, at 50,533.31. The S&P 500 barely moved and the Nasdaq Composite dipped 0.02%. “The number was not as bad as feared,” said Angelo Kourkafas, senior global investment strategist at Edward Jones.
S&P 500 Holds Ground After Inflation Data as AI Stocks Lend Support
Stocks traded mixed late Thursday morning. The S&P 500 and Nasdaq ticked up, but the Dow moved lower. Investors took in stronger inflation and renewed U.S.-Iran tensions, while AI-related earnings gave some support.
Infleqtion Shares Rise On Oxford Quantum Update, Holder Sale Lingers
Infleqtion shares jumped early Thursday after the quantum-tech firm said it will expand in Oxford. The news gave another data point for investors, who were still watching a big stock sale tied to Maverick that showed up in filings earlier this week.
UMAC Stock Gains After Pentagon Funding Report, Profit Uncertainty Remains
Unusual Machines shares surged at the open Thursday in New York after news reports said the Trump administration is talking about funding U.S. drone makers. The coverage drove attention back to the Orlando drone-parts supplier. The stock climbed up to 52% at one point, and was last up 41% at $26.52.
Butterfield’s $1.8B CIBC Purchase Shakes Up Caribbean Banking
The Bank of N.T. Butterfield & Son said it will buy CIBC Caribbean Bank, picking up control in a mix of cash and stock. Butterfield put the value at about $1.8 billion. The combined group would have around $29 billion in assets in Bermuda and Caribbean markets.
Caesars edges up after $17.6B Fertitta deal, but CZR struggles under $31
• Fertitta Entertainment is buying Caesars for $31 a share in cash, a deal worth roughly $17.6 billion including debt.• Caesars shares were up about 1.6% at $29.25 early on Nasdaq, still under the offer price.• Caesars has a “go-shop” period to seek better bids through July 11, after agreeing to the sale.
Keel’s AI rally gets premarket test
Keel Infrastructure Corp. shares slipped in premarket trade Thursday, losing some ground after a big move on Wednesday as the company moves away from Bitcoin mining to focus on AI data centers powered by its own electricity. The stock, which trades on Nasdaq, finished Wednesday at $5.505, up 7.31%. It was last indicated at $5.405 at 09:01 EDT, off 1.82%.
Opendoor Stock Added to Russell 3000, Shares on Traders’ Radar
Opendoor Technologies Inc. shares traded higher before the bell Thursday after the company said it will join the Russell 3000 Index. The move is scheduled to happen at the close of U.S. markets on June 26, according to Opendoor Technologies Inc.
Archer Aviation Shares Edge Up in Early Trading; Focus Stays on Broader ACHR Opportunity
Archer Aviation Inc. shares moved up in early trading ahead of Thursday’s session, with the electric air-taxi company still on traders’ radar as its plans for 2026 faced off with persistent losses.
Hormel Stock Pops Before the Bell After a Protein-Fueled Earnings Surprise
Hormel Foods shares jumped before the bell Thursday after the Skippy and Spam maker beat Wall Street’s quarterly sales and profit estimates, helped by demand for chicken, turkey and other protein-heavy foods. The shares were quoted 6.8% higher at $22.39 in premarket trading, before the NYSE’s 9:30 a.m. ET core open.
Azul set to return to NYSE June 1; Veris departure confirmed
Azul S.A. is moving its U.S.-traded securities to a national exchange, with its American depositary shares set to start trading on NYSE American June 1 under the ticker AZUL. Each ADS will represent two common shares, the company said. An American depositary share is a U.S. certificate linked to foreign stock.
U.S. drone stocks jump with Trump Pentagon funding talks under way
Trump administration is talking with several U.S. drone companies about funding, including Unusual Machines and Neros, sending small defense-technology shares up sharply in premarket trade, the Wall Street Journal reported. Debt and equity proposals are on the table, so loans and government stakes could be part of the plan, Reuters said, citing the Journal.
Dollar Tree Gains in Pre-Market After Profit Outlook Surprises Wall Street
Dollar Tree shares rallied in premarket trading Thursday after the retailer raised its full-year profit forecast and posted first-quarter results that beat estimates. The stock had struggled this year. Regular trading hours for the Nasdaq are 9:30 a.m. to 4:00 p.m. Eastern, and U.S. markets were open for business on May 28.
Ford Shares Reach 2022 Peak, and It’s Not Because of Cars
Ford Motor Co. heads into Thursday’s U.S. trading at $15.88, its highest close since August 2022. Shares jumped 3.7% Wednesday. General Motors was up 5.4%, but Ford’s rally caught attention as buyers focused on its new energy-storage unit rather than its trucks or EVs.
IREN Drops Pre-market After $1.6B Dell AI Deal
IREN Limited shares fell before the bell Thursday. The drop comes after shares surged on a $1.6 billion deal with Dell to purchase Nvidia Blackwell systems for a Texas AI cloud build. By 6:55 a.m. EDT, IREN was trading at $65.41 on Nasdaq, off 3.6% from its $67.84 finish Wednesday. The stock jumped 13.48% in the previous session with 83.7 million shares trading.
Verra Mobility Tumbles After Avis Deal Ends, Street Rethinks Outlook
Verra Mobility Corp shares were indicated around $4 ahead of Thursday’s Nasdaq open, steadying after tumbling 70.6% in the last session on news Avis Budget Group will end a major contract with the firm. The stock finished Wednesday at $3.85, off $9.23, after hitting a session low of $3.40.
Kratos Shares Move After Drone Funding Report
Kratos Defense & Security Solutions stock took off in premarket trade Thursday, lifted with other U.S. drone names after word the Trump administration is discussing funding for domestic drone companies. The Reuters report pushed Kratos up 11.2% ahead of the open, with AeroVironment up 9.1% and Unusual Machines rallying 33%.
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