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Stock Market 29 June 2026

Astera Labs (NASDAQ:ALAB) rally outpaces Wall Street targets

Astera Labs (NASDAQ:ALAB) rally outpaces Wall Street targets

Astera Labs, Inc. jumped Monday, with the AI-connectivity stock rising well past updated targets on Wall Street. Shares changed hands at $448.84, up $57.10, or 14.6%, at 18:48 UTC, about an hour before the U.S. close. Astera’s run isn’t only about the rally. UBS Group AG bumped its price target to $400 on June 29 from $205 in May, keeping a Neutral rating. By mid-afternoon in New York, Astera traded almost 11% higher than that target.
29 June 2026
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Corning beats Wall Street as AI fiber pricing shifts

Corning beats Wall Street as AI fiber pricing shifts

Corning Incorporated surged 15.2% to $254.54 as of 2:48 p.m. EDT Monday, tacking on around $29 billion in market cap since Friday’s close. The stock outperformed the SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. GLW’s jump wasn’t just about magnitude. The stock traded above all 12-month analyst targets tracked by Google Finance, despite that data showing seven Buys, four Holds and zero Sells. The top price target sat at $228.00, with an average of $205.10.
29 June 2026
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Grab (NASDAQ:GRAB) shares edge higher with Indonesia fee cut in focus

Grab (NASDAQ:GRAB) shares edge higher with Indonesia fee cut in focus

Grab Holdings Limited traded higher late Monday in New York. Buyers stepped in ahead of a July 1 change to commission rules in Indonesia. The adjustment trims fee revenue, but analysts said the impact may be less severe for the entire company than the headline rate. Shares rose 3.8% to $3.685 at 18:48 UTC, putting the company’s market cap near $14.57 billion. The stock outperformed Uber Technologies Inc, which dropped 2.2%. DoorDash Inc and Sea Ltd also gained but not as much at that point.
29 June 2026
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Freshworks Inc. (NASDAQ:FRSH) stock jumps as volume surge revives buyback math

Freshworks Inc. (NASDAQ:FRSH) stock jumps as volume surge revives buyback math

Freshworks Inc. rose more than most large software peers on Monday, as a jump in volume pushed the stock back above $10 and put fresh focus on a buyback plan that is large relative to the company’s market value. The shares traded at $10.205 at 3:01 p.m. EDT, up 3.6%. Volume stood at 37.8 million shares, compared with a 65-day average of 12.9 million shares. The stock’s 52-week range is $6.79 to $15.47, leaving it about 34% below last July’s high.
29 June 2026
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Social Security timing in July moves $5.7B in SSI spending forward for retailers

Social Security timing in July moves $5.7B in SSI spending forward for retailers

July will see Americans get one extra federal benefit payout compared to June. The Social Security Administration’s calendar for 2026 schedules SSI deposits for July 1 and July 31, with July 2 for those who started Social Security before May 1997 and people on both SSI and Social Security. Retirement, disability and survivor checks tied to birth dates go out July 8, 15 and 22. The July 31 SSI payment is the August benefit sent early because of the weekend, not an extra check. This is no longer just a routine calendar story. Now it’s a cash timing issue. SSA said it counted 7.323 million SSI recipients in May, with $5.736 billion in payments and an average check of $738.13. Social Security benefits that month went to 71.233 million people, totaling $137.801 billion. The 2026 federal SSI cap is $994 a month for an eligible individual, and $1,491 for an eligible couple.
29 June 2026
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UiPath (NYSE:PATH) moves higher, faces stepped-up ARR hurdle for H2

UiPath (NYSE:PATH) moves higher, faces stepped-up ARR hurdle for H2

UiPath, Inc. shares traded higher Monday, but investors looking past the uptick might notice the company still sits below where it bought back stock in Q1. Its annual recurring revenue forecast will put more pressure on results for the second half. The New York Stock Exchange traded a normal session. NYSE says U.S. cash equities run from 9:30 a.m. to 4 p.m. Eastern. The next listed holiday is July 3, 2026, for Independence Day observed.
29 June 2026
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BlackBerry (TSX:BB) gains put focus on buyback math and valuation after QNX update

BlackBerry (TSX:BB) gains put focus on buyback math and valuation after QNX update

BlackBerry Limited jumped 8.6% to $12.39 early Monday afternoon in New York, trading on heavier-than-normal volume. The move comes after last week’s rally following earnings faced a valuation check. MarketWatch put the shares at a 52-week high of $12.46, with the day's range running $11.31 to $12.46 as of 2:06 p.m. EDT. Monday trading went on as usual, with no holiday break. The NYSE's 2026 calendar sets the next U.S. market closure for July 3, for Independence Day observed. In Canada, TMX will close July 1 for Canada Day.
29 June 2026
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Joby Aviation (NYSE:JOBY) trades below $11.35 financing level

Joby Aviation (NYSE:JOBY) trades below $11.35 financing level

Joby Aviation slipped Monday while broader U.S. markets gained. The air-taxi firm traded at $8.64 near 1:54 p.m. EDT, down from the $11.35 January stock offering and well under the $14.19 early conversion price set for its 2032 convertible notes. This matters as Joby relies on time to fund its plans. If the share price falls, raising more equity gets pricier before Joby proves out recurring passenger revenue.
29 June 2026
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Roblox (NYSE:RBLX) shares rise after Arete sets $95 target, cites older-player market at $68 billion

Roblox (NYSE:RBLX) shares rise after Arete sets $95 target, cites older-player market at $68 billion

Roblox Corporation jumped 14.2% to $54.30 Monday afternoon after Arete Research switched to a bullish call on the videogame company. Shares reached as high as $55.32 during the session. Volume was at 10.2 million, putting Roblox's market cap at $38.65 billion. Arete’s David Mak upgraded Roblox to Buy from Neutral and bumped his price target up to $95 from $75. The firm said “at $45, Arete is a buyer.” Its 2027 bookings forecast now sits 5% above consensus, as reported by The Fly.
29 June 2026
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Applied Materials stock jumps as AMAT rally outruns Wall Street’s average target

Applied Materials stock jumps as AMAT rally outruns Wall Street’s average target

Applied Materials, Inc. surged on Monday, adding about $58 billion in market value from Friday’s implied level, as the chip-tool maker’s stock moved closer to the Street’s most bullish targets than to its average target. The shares recently traded at $699.97, up $73.13 on the day, after moving between $633.33 and $708.87. The rally beat the main semiconductor ETF proxies by a wide margin, with AMAT’s intraday gain more than three times SOXX’s move and more than four times SPY’s move.
29 June 2026
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Tesla (NASDAQ:TSLA) rise powers QQQ early as delivery test looms

Tesla (NASDAQ:TSLA) rise powers QQQ early as delivery test looms

Cash equities in the U.S. traded as normal at the stated time. The NYSE isn’t closed for a holiday on June 29, 2026, according to its calendar. Regular hours are 9:30 a.m. to 4:00 p.m. ET. Tesla, Inc. traded up 5.9% to $402.28 as of 12:46 p.m. ET, Google Finance showed. The gain put Tesla’s market cap at $1.424 trillion, up around $80 billion for the day.
29 June 2026
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Verizon (NYSE:VZ) drops after Dow removal, BT charges weigh on shares

Verizon (NYSE:VZ) drops after Dow removal, BT charges weigh on shares

Verizon Communications Inc. dropped sharply Monday. Shares fell $2.99 to $43.55, off 6.4%, even though the cash outlay for its new BT partnership wasn't huge. By comparison, the SPDR S&P 500 ETF Trust gained 1.3%. Verizon lost around $12.6 billion in market value, looking at the day’s share price drop against its current market cap. That loss is about 20 times larger than the $625 million equalisation payment Verizon is paying in the BT deal. It also comes in at about 8-10 times the range of second-quarter items Verizon listed in its 8-K filing Monday.
29 June 2026
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Snap (NYSE:SNAP) shares fall as user value comes up short against rivals

Snap (NYSE:SNAP) shares fall as user value comes up short against rivals

Snap Inc. shares fell Monday at midday, giving up gains seen across other internet and communications stocks. Investors pointed to concerns over the value of Snap’s user base and fresh regulatory risks out of Australia. The shares traded at $4.39, off 0.5%, putting the company’s market cap around $7.4 billion. Meta added 2.6%, Pinterest was up 3.8% and Reddit advanced 3.1% in the same live quotes.
29 June 2026
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CrowdStrike (NASDAQ:CRWD) moves past analyst target ahead of stock split

CrowdStrike (NASDAQ:CRWD) moves past analyst target ahead of stock split

CrowdStrike Holdings, Inc. climbed 6.3% to $745.59 late Monday morning, after starting at $710.50 and touching $754.80. The move, calculated from Friday’s close using the current price and market cap, works out to a roughly $11.5 billion jump in equity value. The trade went through during normal Nasdaq hours. Nasdaq’s standard session is 9:30 a.m. to 4:00 p.m. ET. According to the 2026 schedule, the next U.S. stock-market holiday is Friday, July 3, for Independence Day observed.
29 June 2026
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AT&T shares dip as fiber build-out runs into legacy line disputes

AT&T drops as Starlink and cable stocks split comms index

AT&T Inc. lagged the rest of the communications sector as the market climbed. The stock dropped 5.2% to $21.55 just before noon in New York, trailing the XLC by nearly 7 points. Shares touched a session low of $21.28, trading just 1.2% above that by late morning. The spread is key since this wasn’t just a sector drop. Cash flowed to cable and space plays as legacy wireless carriers fell.
29 June 2026
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Honeywell Aerospace (NASDAQ:HONA) starts trading as $72 billion spinoff, faces data-center uncertainty

Honeywell Aerospace (NASDAQ:HONA) starts trading as $72 billion spinoff, faces data-center uncertainty

Honeywell Aerospace dropped a fresh angle for industrials on Monday, at a moment when the data-center trade started to look more mixed to investors. HONA jumped 7% at the open in its first day on Nasdaq, opening at $236.78 after closing at $221.01 in when-issued trading last week, Reuters reported. The stock last traded at $226.45 as of 12:08 p.m. EDT, with market value at $71.76 billion and shares moving between $213.44 and $239.98 so far.
29 June 2026
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Broadcom shares jump on OpenAI move, margin outlook still in focus for AVGO

Broadcom (NASDAQ:AVGO) AI revenue now over half of forecast, shares still under pressure in June

Broadcom Inc. says AI chip revenue should hit $16.0 billion in its fiscal Q3, making up about 54% of expected revenue, up from 49% in the quarter ended May 3. Still, shares have stayed weak through June, down around 20% for the month, according to Benzinga. Broadcom's split is a signal the company is shifting away from its mixed chip-software setup, pushing harder into AI custom chips. CEO Tan said, “The momentum continues,” noting Q2 AI semiconductor revenue jumped 143% to $10.8 billion. CFO Kirsten Spears told investors operating leverage held up, with adjusted EBITDA reaching 69% of revenue for Q2 and guidance just under that at 68% for Q3.
29 June 2026
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Uber (NYSE:UBER) gains $8 billion after robotaxi push

Uber (NYSE:UBER) gains $8 billion after robotaxi push

Uber Technologies picked up nearly $8 billion in market value in one session after a move tied to its new autonomy unit, but the company still hasn’t reported revenue from that business. Uber last traded at $75.69, off 0.7% Monday. Market cap landed at $156.8 billion. This is important for investors since the $8 billion gain tops several months of Uber’s cash generation. It’s 3.5 times Uber’s $2.286 billion free cash flow in Q1 and 2.9 times the $2.75 billion midpoint for Q2 adjusted EBITDA that the company guided.
29 June 2026
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Micron (NASDAQ:MU) looks to big memory contracts as stock moves into new week

Micron (NASDAQ:MU) falls after $98B hit as AI memory deals get tested

Micron Technology, Inc. dropped hard Monday, while the Nasdaq and NVIDIA Corp. held up. Investors sold the stock after South Korea’s new memory chip capacity plans hit the wires, sparking worries about future pricing. The shares closed at $1,046.06, down $86.27 from Friday. By market cap and price drop, that wiped out roughly $98 billion in equity value. That figure is key since Micron last week set a $100 billion minimum-revenue threshold on 14 of 16 of its customer supply agreements. The stock ended up getting cut by about one contract floor. Micron’s guide for the current quarter still has $50 billion in revenue and a gross margin near 86%.
29 June 2026
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Rocket Lab (NASDAQ:RKLB) to acquire Iridium (NASDAQ:IRDM) in $8B deal

Rocket Lab (NASDAQ:RKLB) to acquire Iridium (NASDAQ:IRDM) in $8B deal

NEW YORK, June 29, 2026, 11:13 EDT. Rocket Lab said it will buy Iridium in an $8 billion deal, moving the satellite race into a new phase as RKLB eyes cash flow from IRDM’s network. Rocket Lab Corporation said it will acquire Iridium Communications Inc. in a cash-and-stock deal that puts an $8 billion tag on the satellite operator. Investors will probably notice Rocket Lab paying up with its high-valuation public shares to pick up a company already turning out operating profits. Iridium shareholders will be paid $54 a share, split $27 in cash and the rest in Rocket Lab shares, the companies said.
29 June 2026
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Stock Market Today

  • Australian Shares Slip as Strait of Hormuz Attacks Fuel Risk-Off Mood; Netwealth Grows Morgan Stanley Deal
    July 7, 2026, 3:13 AM EDT. Australian shares fell 0.31% on risk aversion after attacks on shipping near the Strait of Hormuz, lifting Brent crude close to $72 a barrel. The S&P/ASX 200 finished at 8,803.90. Payments on domestic platforms jumped nearly 30% to AU$253.4 billion in May, pointing to strong consumer spending even as ANZ-Roy Morgan consumer confidence slipped. Netwealth Group posted full-year 2026 net fund inflows of AU$15.4 billion, a touch lower year-on-year, saying Middle East tensions and tax talk weighed on flows. The company expanded its Morgan Stanley tie-up to cover ASX-listed and local assets. Nine Entertainment locked in NRL rights through 2034 at a yearly cost of AU$145 million. Lynas Rare Earths will invest around AU$50 million in a rare earth magnet facility in Malaysia with JS Link.
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