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Stock Market 28 May 2026

Palantir Jumps, Wall Street Still Has AI Concerns

Palantir Jumps, Wall Street Still Has AI Concerns

Palantir shares rose 5.7% to $140.10 by midday Thursday, outpacing major indexes as investors returned to AI and data software stocks. Volume topped 22 million shares, with market cap near $360 billion. The company recently raised its 2026 revenue target to up to $7.66 billion after reporting 85% first-quarter revenue growth. Some analysts warn the stock price leaves little room for error.
28 May 2026
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Photronics Sinks 32% After Q2 Miss

Photronics Sinks 32% After Q2 Miss

Photronics shares plunged 32% Thursday after the company missed quarterly revenue and earnings estimates and cut guidance for the current quarter. Revenue fell to $209.9 million, below forecasts, with IC sales down 5% year over year. The stock last traded at $36.22 on heavy volume. The iShares Semiconductor ETF rose 1.35% in late morning trading.
28 May 2026
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CIBC Shares Drop Even With Profit Beat and Caribbean Sale

CIBC shares fell 5.5% to C$150.72 Thursday after the bank announced it will sell most of its Caribbean unit for about US$1.6 billion, despite beating quarterly profit forecasts. Adjusted net income rose 23% to C$2.47 billion, with strong capital markets results. The S&P/TSX financials sector dropped 0.88% as investors looked past earnings beats from CIBC, RBC, and TD.
28 May 2026
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Dow Rally Stalls as Oil and Inflation Worries Meet Iran Moves

Dow Rally Stalls as Oil and Inflation Worries Meet Iran Moves

The Dow Jones Industrial Average fell 110.97 points, or 0.22%, to 50,533.31 by 10:01 a.m. ET Thursday, pressured by renewed U.S.-Iran tensions and April inflation data showing the PCE index up 3.8% year-over-year. Energy stocks led declines as gasoline prices surged 12.3% in April. Fed officials signaled rates may stay high. Caterpillar and Sherwin-Williams weighed heavily on the Dow.
28 May 2026
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S&P 500 Holds Ground After Inflation Data as AI Stocks Lend Support

S&P 500 Holds Ground After Inflation Data as AI Stocks Lend Support

S&P 500 rose 0.34% and Nasdaq gained 0.33% late Thursday morning, while the Dow slipped 0.08%. April PCE inflation hit 3.8% year-over-year, the fastest pace since May 2023. Brent crude traded at $94.73 a barrel and the 10-year Treasury yield stood at 4.508%. AI-related earnings and retail forecasts lifted some stocks despite inflation and Middle East tensions.
28 May 2026
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Infleqtion Shares Rise On Oxford Quantum Update, Holder Sale Lingers

Infleqtion Shares Rise On Oxford Quantum Update, Holder Sale Lingers

Infleqtion shares rose 8.7% to $16.81 in early NYSE trading after announcing plans to open an Oxford Quantum Innovation Centre, aiming to triple UK capacity. SEC filings showed Maverick-linked entities sold shares last week at prices from $14.69 to $17.04. Infleqtion reported Q1 revenue of $9.5 million, a 14% increase, and raised its 2026 revenue target to at least $40 million.
28 May 2026
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UMAC Stock Gains After Pentagon Funding Report, Profit Uncertainty Remains

UMAC Stock Gains After Pentagon Funding Report, Profit Uncertainty Remains

Unusual Machines shares jumped as much as 52% Thursday after reports the Trump administration is in talks to fund U.S. drone makers. The Orlando-based supplier’s stock was last up 41% at $26.52. First-quarter revenue soared 296% to $8.1 million, but the company posted a $7.3 million operating loss. Reuters said it could not independently confirm the government funding talks.
28 May 2026
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Butterfield’s $1.8B CIBC Purchase Shakes Up Caribbean Banking

Butterfield’s $1.8B CIBC Purchase Shakes Up Caribbean Banking

Butterfield will acquire CIBC’s 91.67% stake in CIBC Caribbean for about $1.8 billion in cash and stock, valuing shares at $1.14 each. The deal, expected to close in the first half of 2027, would give Butterfield control of 41 branches across 10 countries and boost its assets to $29 billion. CIBC expects a 24 basis point increase in its core capital ratio. Approvals from shareholders and regulators are pending.
28 May 2026
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Keel’s AI rally gets premarket test

Keel’s AI rally gets premarket test

Keel Infrastructure shares fell 1.82% in premarket trading Thursday after a 7.31% gain Wednesday, as the company shifts from Bitcoin mining to AI data centers. First-quarter revenue dropped 23% to $37 million, with an operating loss of $98 million. Keel reported $533 million in liquidity as of May 8. The company completed its U.S. redomiciling and rebrand from Bitfarms in April.
28 May 2026
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Opendoor Stock Added to Russell 3000, Shares on Traders’ Radar

Opendoor Stock Added to Russell 3000, Shares on Traders’ Radar

Opendoor Technologies shares rose 6% premarket Thursday after the company said it will join the Russell 3000 Index at the June 26 close. CEO Kaz Nejatian recently bought 100,000 shares, raising his stake to 83.58 million. Opendoor reported first-quarter revenue of $720 million and a net loss of $173 million. The company expects second-quarter revenue to rise 25% over the prior quarter.
28 May 2026
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Hormel Stock Pops Before the Bell After a Protein-Fueled Earnings Surprise

Hormel Stock Pops Before the Bell After a Protein-Fueled Earnings Surprise

Hormel Foods shares rose 6.8% in premarket trading after beating quarterly sales and profit estimates, reporting $2.97 billion in net sales and 40 cents adjusted earnings per share. Organic net sales increased 3%, while segment profit climbed in retail, foodservice, and international divisions. The company reaffirmed its 2026 sales and adjusted EPS outlooks but lowered its GAAP EPS view due to a turkey business sale. Retail volume dropped 2%.
28 May 2026
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Azul set to return to NYSE June 1; Veris departure confirmed

Azul set to return to NYSE June 1; Veris departure confirmed

Azul S.A. will move its American depositary shares to NYSE American on June 1 under the ticker AZUL, leaving OTC Markets. The airline exited Chapter 11 in February, cutting debt by $2.5 billion and raising $1.375 billion in new funding. Veris Residential Inc. has stopped trading on the NYSE after a $3.5 billion buyout by Affinius Capital and Vista Hill Partners. Veris has been delisted and removed from major S&P indexes.
28 May 2026
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U.S. drone stocks jump with Trump Pentagon funding talks under way

U.S. drone stocks jump with Trump Pentagon funding talks under way

The Trump administration is in talks to fund U.S. drone companies including Unusual Machines and Neros, the Wall Street Journal reported, sending Unusual Machines shares up 39% premarket. Over $74 billion is proposed for drone and counter-drone tech in the Pentagon’s 2027 budget, triple last year’s amount. Talks involve debt and equity options but are not final. Reuters could not immediately verify the Journal’s report.
28 May 2026
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Ford Shares Reach 2022 Peak, and It’s Not Because of Cars

Ford Shares Reach 2022 Peak, and It’s Not Because of Cars

Ford shares closed at $15.88 Wednesday, their highest since August 2022, after jumping 3.7% as investors focused on its new energy-storage unit. Ford Energy signed a five-year deal with EDF for up to 20 GWh of stationary battery storage, with deliveries starting in 2028. The S&P 500 and Nasdaq set new closing highs. Ford stock is up about 28% in two weeks.
28 May 2026
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IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Drops Pre-market After $1.6B Dell AI Deal

IREN Limited shares fell 3.6% to $65.41 in premarket trading Thursday after surging 13.48% Wednesday on news of a $1.6 billion deal with Dell for Nvidia Blackwell systems. The hardware will support IREN’s $3.4 billion AI cloud contract at its Texas campus. The deal was signed May 19, with Dell to be paid within 30 days of each shipment. Wall Street responded as B. Riley Securities raised its price target to $88.
28 May 2026
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Verra Mobility Tumbles After Avis Deal Ends, Street Rethinks Outlook

Verra Mobility Tumbles After Avis Deal Ends, Street Rethinks Outlook

Verra Mobility shares steadied near $4 premarket Thursday after plunging 70.6% on news Avis Budget Group will end a major contract in September. The company cut its 2026 revenue forecast by about $135–$145 million and expects segment profit to fall by $120–$125 million. Analysts at JPMorgan, Deutsche Bank, Morgan Stanley, and Baird downgraded the stock and slashed price targets.
28 May 2026
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Stock Market Today

  • Meesho Shares Slip Post ₹1,540 Crore Block Deal; Jefferies Maintains Buy Rating
    June 10, 2026, 11:37 AM EDT. Meesho shares edged down 0.41% to ₹166.06 after a ₹1,540 crore block deal involving 9.3 crore shares, about 2% of equity, was executed following the expiry of a six-month post-IPO lock-in period. This lock-in had restricted early investors from selling shares post-listing. Jefferies initiated coverage with a Buy rating and a ₹225 target, highlighting Meesho's growth potential in India's value commerce segment and projecting a 25% compound annual growth in net merchandise value (NMV) through FY30. Despite positive revenue growth and improving margins, Meesho's marketplace adjusted EBITDA remained negative at ₹198 crore in Q4. Investors are divided, as Macquarie rates the stock Underperform due to unit economics concerns.

Latest articles

Dow Drops After CPI Surprise, Iran Concerns Keep Fed Outlook Uncertain

Dow Drops After CPI Surprise, Iran Concerns Keep Fed Outlook Uncertain

10 June 2026
Dow drops 0.55% to 50,592 after May CPI jumps 4.2% year-on-year, matching forecasts but fueled by a 7% surge in gasoline prices and rising energy costs, as renewed U.S.-Iran tensions and sharp losses in AI and industrial stocks add to investor caution, with Super Micro Computer plunging 14.2% on $7 billion equity plans and XPO, J.B. Hunt, Old Dominion falling up to 6.2% after Amazon expands freight service.
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