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Stock Market 16 May 2026

Uber Draws Weekend Scrutiny With Shares Stalling After Rally

Uber Draws Weekend Scrutiny With Shares Stalling After Rally

Uber closed Friday at $75.09, up 0.54% for the day but down 0.5% from a week earlier, after losing ground post-earnings. Pershing Square reported holding nearly 30 million shares, worth about $2.15 billion, as of March 31. Investors are weighing strong bookings and rising trips against fuel costs, inflation, and autonomous vehicle spending.
16 May 2026
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Enterprise Products Edged Higher Against Market Drop; Monday in Focus

Enterprise Products Edged Higher Against Market Drop; Monday in Focus

Enterprise Products Partners L.P. closed at $39.23 Friday, up 5.5% for the week, while U.S. stocks broadly fell. The company paid a $0.55-per-unit quarterly distribution May 14, up 2.8% from last year. First-quarter net income rose to $1.5 billion, with adjusted EBITDA up 10% to $2.7 billion. Friday’s trading volume was 2.71 million units, down sharply from Thursday’s 11.11 million.
16 May 2026
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Verizon heads into volatile week after FCC decision, Friday drop

Verizon heads into volatile week after FCC decision, Friday drop

Verizon shares fell 1.47% to $46.37 Friday, marking a third consecutive decline and a weekly drop of 1.8%. The FCC on Thursday approved Verizon’s $1 billion spectrum purchase from U.S. Cellular, and the company announced a planned rural coverage venture with AT&T and T-Mobile. Trading volume was 23.3 million shares, below the 50-day average, amid a broader telecom and market selloff.
16 May 2026
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Silicon Motion Moves Against Nasdaq Slump, Eyes Next Catalyst This Week

Silicon Motion Moves Against Nasdaq Slump, Eyes Next Catalyst This Week

Silicon Motion shares closed at $259.99 Friday, down 1.5% for the day but up 2.5% for the week, outperforming a broader tech selloff that saw the Nasdaq fall 1.5%. The stock hit $273.90 Wednesday before retreating. The company reported Q1 net sales of $342.1 million, up 105% year-over-year, and forecast Q2 revenue of $393–411 million. Analyst targets rose after strong earnings and guidance.
16 May 2026
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Fortinet stock hits new high on AI security moves

Fortinet stock hits new high on AI security moves

Fortinet shares closed at a record $122.78 on Friday, up 0.75%, defying a 1.5% drop in the Nasdaq composite. The stock rose 7.6% for the week, boosted by strong first-quarter results and an AI-security partnership with Nvidia. Trading volume reached about 5.5 million shares. U.S. markets are closed for the weekend; Fortinet will present at J.P. Morgan’s technology conference on Tuesday.
16 May 2026
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McDonald’s Shares Climbed as Dow Fell. Market Looks to Monday’s Open for Direction

McDonald’s Shares Climbed as Dow Fell. Market Looks to Monday’s Open for Direction

McDonald’s shares closed Friday at $276.39, up 0.52%, after touching a 52-week low earlier in the week. The stock outperformed Yum Brands but lagged Chipotle and Starbucks as the S&P 500 fell 1.24%. First-quarter global comparable sales rose 3.8%, but executives warned of weaker April sales and pressure from high gas prices. McDonald’s is promoting meal deals and cheaper items to attract cost-conscious diners.
16 May 2026
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Dominion Energy Shares in Focus After Report Links NextEra to Possible Deal

Dominion Energy Shares in Focus After Report Links NextEra to Possible Deal

Dominion Energy closed Friday at $61.73, down 1.97%, after reports surfaced that NextEra Energy is in talks to acquire the Virginia utility in a mostly stock deal that could value the combined company at about $400 billion including debt. The report landed after the market closed, leaving Dominion shares nearly flat for the week. Neither company commented outside business hours. NextEra ended Friday down 2.42%.
16 May 2026
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Fervo Stock’s Hot Debut Got Bigger. Monday Is the Real Test

Fervo Stock’s Hot Debut Got Bigger. Monday Is the Real Test

Fervo Energy raised about $2.17 billion in its IPO after selling 80.5 million shares at $27 each, according to a Friday filing. FRVO closed Friday at $41.06, up 52% from the IPO price, and joined the Nasdaq Composite Index on May 13. The company reported a $57.8 million net loss on $138,000 revenue for 2025. Fervo is developing enhanced geothermal systems and building its Cape Station project in Utah.
16 May 2026
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AT&T Stock Dips Again; Monday’s Test Seen as Key

AT&T Stock Dips Again; Monday’s Test Seen as Key

AT&T shares fell 2.52% to $24.03 on Friday, capping a 4.5% weekly drop and underperforming Verizon and T-Mobile. The decline followed news of a planned joint venture with Verizon and T-Mobile to address rural wireless dead zones and the FCC’s approval of AT&T’s $23 billion spectrum purchase from EchoStar. Trading resumes Monday after the NYSE weekend closure.
16 May 2026
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Babcock & Wilcox faces $200 million hurdle after 50% rally

Babcock & Wilcox faces $200 million hurdle after 50% rally

Babcock & Wilcox Enterprises closed a $200 million common-stock sale at $18.50 per share, below Friday’s $21.85 close, adding 10.8 million new shares. The stock surged 50% for the week after first-quarter revenue rose 44% to $214.4 million and backlog jumped 483% to $2.7 billion. The offering is set to close Monday when the NYSE reopens.
16 May 2026
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McCormick Shares Fall Again — Monday Seen as Key for Unilever Deal Impact

McCormick Shares Fall Again — Monday Seen as Key for Unilever Deal Impact

McCormick closed Friday at $46.35, down 0.34%, after touching a week low of $44.82 amid investor focus on its planned merger with Unilever Foods. The deal, using a Reverse Morris Trust, would give Unilever 65% of the combined company and $15.7 billion in cash. The NYSE is closed for the weekend, with trading set to resume Monday. The S&P 500 fell 1.2% Friday as oil prices rose.
16 May 2026
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Monday Test Ahead for Berkshire After Abel’s $24 Billion Portfolio Move

Monday Test Ahead for Berkshire After Abel’s $24 Billion Portfolio Move

Berkshire Hathaway disclosed a $2.65 billion stake in Delta Air Lines and new positions in Macy’s and Alphabet, while exiting Amazon, UnitedHealth, Visa, and Mastercard, according to its May 15 SEC filing. Berkshire’s Class B shares closed Friday at $482.70, down 0.3% for the day but up 1.4% for the week. Delta and Macy’s rose in after-hours trading. The filing was released after the market closed.
16 May 2026
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Stock Market Today

  • SpaceX IPO Boosts Firefly Aerospace Shares by 18% Amid Space Stock Rally
    June 11, 2026, 7:25 PM EDT. Firefly Aerospace shares surged 17.8% to $39.37 on Thursday following SpaceX's IPO priced at $75 billion, drawing renewed investor interest in space sector stocks. Firefly trades under its $48 IPO price amid concerns about dilution and valuation. Volume exceeded 10 million shares as Nasdaq and S&P 500 indexes rose broadly. SpaceX's valuation at $1.77 trillion sets a benchmark for market expectations in space stocks. Firefly recently completed a follow-on public offering and posted a 40% quarterly revenue increase to $80.9 million, driven by defense contracts and lunar program developments. Analysts maintain a generally positive outlook, with a $48 average 12-month price target.

Latest articles

Rocket Lab Shares Surge as SpaceX IPO Chatter Returns RKLB to Spotlight

Rocket Lab Shares Surge as SpaceX IPO Chatter Returns RKLB to Spotlight

12 June 2026
Rocket Lab soared 9.26% to $114.78 and hit $119.24 after hours as investors piled into space stocks ahead of SpaceX’s $75 billion IPO, despite KGI Securities starting coverage at Neutral with a $105 target and no company-specific news; record Q1 revenue, a $2.2 billion backlog, and upcoming launches keep attention on RKLB as the sector heats up.
Lennar Moves Higher Into Earnings, Drops After Guidance Miss

Lennar Moves Higher Into Earnings, Drops After Guidance Miss

12 June 2026
Lennar shares surged 5.7% Thursday but dropped 3.2% after hours as the homebuilder cut its full-year delivery target and forecasted fiscal Q3 deliveries below Wall Street estimates, citing persistent pressure from high mortgage rates and affordability challenges despite beating adjusted EPS expectations.
SpaceX IPO Talk Sends Firefly Aerospace Shares Up 18%

SpaceX IPO Talk Sends Firefly Aerospace Shares Up 18%

12 June 2026
Firefly Aerospace shares jumped 17.8% to $39.37 as SpaceX’s record $75 billion IPO fueled investor interest in space stocks, though Firefly remains below its recent $48 offering price, keeping dilution and valuation in focus.
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