Today: 3 July 2026
Dow up but AI-chip slide hits Nasdaq after jobs report
3 July 2026

US stock futures set for gains ahead of July 4; chip selloff masks broader move

U.S. stock investors go into the long weekend without the usual premarket session, as exchanges stay closed for Independence Day observed. The last read on futures had buyers stepping in after a weaker jobs report eased worries about a Fed rate hike soon. U.S. stock and bond markets are shut Friday and regular trading starts back up Monday, July 6. The Dow finished at a record, but the bigger story was the split between index price and market breadth. On Thursday, the S&P 500 closed little changed, but over two-thirds of its stocks traded higher. The Nasdaq slipped as traders reduced chip bets. That leaves Monday looking less like a typical risk-on move and more like a check on whether
NVIDIA Corporation (NASDAQ:NVDA) stock tests $200 as chip selloff shifts to AI capacity risk

NVIDIA (NASDAQ:NVDA) holds as 210,000-GPU cloud move set for July milestone

3 July 2026
NVIDIA Corporation heads into the extended U.S. holiday with shares that outperformed the chip sector overall but are still held back by Wall Street’s latest concern: how much future sales will come from customers relying on Nvidia-funded infrastructure. Nasdaq will be closed July 3 for Independence Day observed. Regular trading hours are 9:30 a.m. to 4 p.m. Eastern. Nvidia ended Thursday at $194.83, off 1.39%, with 142.4 million shares traded. That's 17.6% under its May 14 peak of $236.54. The after-hours quote was $194.43.
Super Micro Computer (NASDAQ:SMCI) wipes out $1.6B in value intraday after Taiwan letter fizzles

Super Micro Computer (NASDAQ:SMCI) wipes out $1.6B in value intraday after Taiwan letter fizzles

Super Micro Computer, Inc. gave up early gains Thursday. The stock’s initial rise faded as a relief rally tied to the Taiwan probe reversed, wiping out about $1.61 billion intraday before the final hour on the Nasdaq. The AI server stock slipped 2.8% to $26.87 as of the latest quote before the dateline. It had earlier hit $29.20, or 5.6% above Wednesday’s close, but then gave up those gains and dropped below the previous close. Shares finished the stretch 8.0% off the day’s high.
Netflix stock jumps as ad revenue and live sports test loom before Q2 results

Netflix stock jumps as ad revenue and live sports test loom before Q2 results

Netflix, Inc. rose more than 5% on Thursday, a rare green patch in a weak tech tape, as traders bought the streaming stock two weeks before earnings and ahead of a July live-sports test that may matter more for ads than for pure viewing time. The stock traded at $78.24, up $4.05, or about 5.5%, with volume above 35 million shares. It had opened at $75.13 and touched $78.425, while Invesco QQQ Trust fell about 2.0% and VanEck Semiconductor ETF dropped about 5.4%.
Keel Infrastructure shares fall, nearly wiping out June note sale amount

Keel Infrastructure shares fall, nearly wiping out June note sale amount

Keel Infrastructure Corp. slid hard Thursday, giving back nearly as much market cap as it raised in a June convertible note sale. The drop came three days after its addition to the Russell 3000. Shares changed hands at $4.64 at 12:36 p.m. EDT, down 13.66%, after dropping to an intraday low of $4.57. Google Finance listed 603.83 million shares outstanding, which means the market cap dropped by around $447 million from the last close. Keel wrapped up a $458 million convertible senior note deal on June 9, with about $445.4 million in net proceeds before costs tied to the offering and capped calls.
TELUS (TSE:T) slide gives new CEO a tougher dividend challenge

TELUS (TSE:T) slide gives new CEO a tougher dividend challenge

TELUS Corporation dropped in Toronto on Thursday, the first day of trading since Victor Dodig became CEO. The yield on the stock sits well above that of other big Canadian telecoms, but TELUS is still working to cut its leverage, leaving investors with a new issue to figure out. The Toronto Stock Exchange was shut Wednesday for Canada Day, with trading back to normal on Thursday. TELUS started at CA$15.00, moved up to CA$15.25 before dropping to CA$14.71—the same 52-week low shown on Google Finance. S&P/TSX Composite Index traded higher late morning.
Apple (NASDAQ:AAPL) shares up, leaving little margin for error on AI upgrade story

Apple (NASDAQ:AAPL) shares up, leaving little margin for error on AI upgrade story

Apple Inc. jumped 3.9% to $305.81 at about 10:50 a.m. in New York, tacking on around $168 billion in market value. That move cut against the broader tape: Invesco QQQ Trust slipped 0.8%, while SPDR S&P 500 ETF Trust traded up 0.2%. The focus is on the gap here—Apple is being pushed back toward its June highs even as fresh survey data raises doubts about whether AI features are making iPhone owners upgrade any faster. UBS analyst David Vogt wrote Thursday that roughly 24% of survey respondents now say they would upgrade sooner due to Apple Intelligence, a drop of 500 basis points from the last six months. At the same time, about 31% reported the new features have no
Nokia (HEL:NOKIA) shares drop as FMR cuts stake below 5% ahead of Q2

Nokia (HEL:NOKIA) shares drop as FMR cuts stake below 5% ahead of Q2

Nokia Oyj dropped in Thursday’s midday trading in Helsinki, heading lower even as the overall market stayed firm, after new filings revealed FMR LLC’s stake slipped under the 5% voting-rights threshold. The move comes with three weeks to go before Nokia’s Q2 report. Nasdaq says Helsinki stocks trade 10:00–18:30 local time. As of 15:02 EEST, Google Finance had Nokia at 11.14 euros, down 2.15%. The gap is notable since Nokia dropped about 2% on Thursday even as the local market was higher. Trading Economics had the Helsinki index up 0.19% and the Helsinki 25 up 0.41% on July 2.
EchoStar Dish bankruptcy raises questions on $3.6 billion wireless claim shortfall

EchoStar Dish bankruptcy raises questions on $3.6 billion wireless claim shortfall

EchoStar’s looming bankruptcy issue goes beyond the $2 billion note coming due. The market focus is now on the $2.4 billion FCC trust compared to over $6 billion in 5G shutdown claims that are being disputed. Numbers from the court filings suggest a gap of more than $3.6 billion, topping 12% of EchoStar’s current market cap. Dish DBS and units filed for a prepackaged bankruptcy on June 30. Over 88% of secured and unsecured noteholders, who also hold more than $8.8 billion in Dish Wireless debt, agreed to the restructuring plan, according to the company. Dish DBS said it needed to file because the AT&T deal hadn't closed, so it didn't have the liquidity to pay the July 1 notes
Ondas (NASDAQ:ONDS) faces holiday with short interest, volume spike and resale shares

Ondas (NASDAQ:ONDS) faces holiday with short interest, volume spike and resale shares

Ondas Inc. is showing up as another crowded short-interest play early Thursday, alongside its reputation as a defense-drone stock. Shares dropped 3.88% Wednesday, ending at $7.92, after ranging from $7.85 to $8.44. The stock was last at $7.96 in premarket trade, up 0.51% at 5:55 a.m. EDT, ahead of the regular Nasdaq open. Nasdaq lists normal hours as 9:30 a.m. to 4 p.m. Eastern, with U.S. markets set to close on Friday, July 3, for the Independence Day holiday. Volume hit 88.57 million shares on Wednesday, or 131% of the 65-day average, and that’s about 53% of reported short interest. MarketWatch put short interest at 167.52 million shares as of June 15, or 32.70% of the float. This is the
CrowdStrike split moves option-lot to $19,300 with stock holding close to highs

CrowdStrike split moves option-lot to $19,300 with stock holding close to highs

CrowdStrike Holdings, Inc. starts its first day after the 4-for-1 stock split with a lower per-share number for retail and options trades, but the valuation is unchanged. Shares climbed 1.26% Wednesday to $772.74, extending their winning streak to five sessions. The close left CrowdStrike 1.64% under its 52-week high of $785.66. On a split-adjusted basis, that puts the price at $193.19 ahead of the regular session open. At the time of the dateline, markets were still in the pre-open phase. The Nasdaq’s regular trading hours are 9:30 a.m. to 4:00 p.m. Eastern, with premarket open from 4:00 a.m. Nasdaq will be closed July 3 for Independence Day observed. Nasdaq 100 futures dropped 0.24% as of 5:00 a.m. ET, according to

Nebius Group (NASDAQ:NBIS) slides as neocloud contract bump gets tested

Nebius falls after Nasdaq-100 inclusion puts Meta exposure in focus, high shorts in play

Nebius Group N.V. traded lower ahead of the U.S. session Thursday, quoted 0.40% down to $228.27. The stock had dropped 17.01% to $229.18 on Wednesday. Trading volume hit 30.68 million shares that day, or 174% of the 65-day average, with shares moving between $228.17 and $246.49. The dollar loss from the selloff was bigger than the percentage figure shows. A $46.99 fall on 253.9 million outstanding shares as of March 31 works out to about $11.9 billion off Nebius’s equity value. Nebius’s market cap was $57.67 billion after Wednesday’s close, MarketWatch data shows.
NVIDIA Corporation (NASDAQ:NVDA) stock tests $200 as chip selloff shifts to AI capacity risk

NVIDIA Corporation (NASDAQ:NVDA) stock tests $200 as chip selloff shifts to AI capacity risk

NVIDIA Corporation is starting Thursday with a cleaner test than most chip stocks: the stock is below $200, but it did not fall like the rest of the semiconductor tape. Nvidia closed Wednesday at $197.58, down $2.51, or 1.25%, after touching $193.45. It was quoted at $195.50 at 4:07 a.m. EDT in premarket trade. The Philadelphia Semiconductor Index ended Wednesday down 6.3%, while the Nasdaq Composite lost 0.66% and the S&P 500 fell 0.22%. Meta Platforms rose 8.8% after a report that it is building a cloud business to sell excess AI computing capacity.
Walmart stock sinks, wiping $42 billion, raises questions for ad-media value

Walmart stock sinks, wiping $42 billion, raises questions for ad-media value

Walmart Inc. lost 4.7% to $107.99 in New York trading late Wednesday morning, wiping out around $42 billion in market cap from the previous close. That loss is big. The stock is priced like a premium growth play, and even this pullback didn’t change that for some investors. Earlier, MarketWatch listed Walmart’s 52-week range as $94.23 to $135.16. At last check, shares traded roughly 20% under that high. Market cap stood near $864 billion. The stock’s trailing P/E was 37.9.
CoreWeave and Nebius face Nasdaq-100 test as AI rally cools

Meta (NASDAQ:META) cloud move rattles CoreWeave (NASDAQ:CRWV), Nebius (NASDAQ:NBIS) as $15 billion AI compute deal shifts to risk

Meta’s shift in cloud spending hit CoreWeave and Nebius after the $15 billion AI compute backstop turned into a risk. New York, July 1, 2026, 11:03 EDT Meta Platforms jumped nearly 10% Wednesday after Bloomberg News said, via Reuters, that the company is starting a cloud business to sell surplus AI computing power. CoreWeave was down 14% and Nebius Group dropped 16% as of 10:50 a.m. in New York, according to current data.

Latest

OpenAI proposal could hand $42.6 billion in AI equity to U.S. government

OpenAI proposal could hand $42.6 billion in AI equity to U.S. government

OpenAI has reportedly offered the U.S. government a 5% stake, which at the company’s latest $852 billion valuation would value the holding at $42.6 billion. That potential piece would be bigger than most recent direct government stakes in U.S. companies and could be key for IPO buyers to watch. OpenAI in March said it closed $122 billion in committed capital. The Financial Times said the proposal would push other U.S. AI firms to offer similar stakes to a fund based on the Alaska Permanent Fund. The Guardian reported the talks are at an early, conceptual stage and may need Congress to act. Reuters was not able to verify the FT story, and said Alphabet’s Google would not comment. OpenAI, Anthropic,
HSBC (LON:HSBA) hovers near 27-year high after $3 billion debt call outpaces dividend

HSBC (LON:HSBA) hovers near 27-year high after $3 billion debt call outpaces dividend

HSBC Holdings plc edged lower in London on Friday. But traders focused more on a new $3 billion balance sheet move—bigger than its recent ordinary dividend payment and not reducing the share count. The London shares traded at 1,438.40p on the bid and 1,438.80p on the offer, down 6.40p. The stock stayed near its 1,457p year high and a July 2 mark that Trading Economics reported was the best level since July 1999.
Apple (NASDAQ:AAPL) heads into July 4 after $209B holiday week gain

Apple (NASDAQ:AAPL) heads into July 4 after $209B holiday week gain

Apple Inc. jumped 8.8% across the four sessions heading into the U.S. holiday, while tech stocks turned mixed on Thursday as the Nasdaq lost ground. The late dip kept Apple’s move more isolated. NYSE will close for Independence Day observed on Friday, July 3, so Thursday marked the last regular close before markets open again on Monday. Apple ended July 2 at $308.63, gaining $14.25, or 4.84%. Around 75.40 million shares traded. On June 26, Apple closed at $283.78, and it finished at $294.38 on July 1, WSJ market data showed.
Tesla (NASDAQ:TSLA) falls as record Q2 deliveries raise questions about inventory

Tesla (NASDAQ:TSLA) falls as record Q2 deliveries raise questions about inventory

Tesla stock fell after the company's record Q2 deliveries, with investors now looking at the impact on inventory. New York, July 3, 2026, 07:06 EDT Tesla, Inc. heads into the July Fourth holiday with a fresh record for deliveries, but the shares slid. U.S. markets are closed Friday, so Thursday’s close stands as the latest signal for now. Next week traders will weigh if the stronger delivery number can spark a rebound.
Kioxia jump made up 16% of Nikkei’s Friday points, shares up 9%

Kioxia jump made up 16% of Nikkei’s Friday points, shares up 9%

Kioxia surged 9% on Friday, with the move accounting for 16% of the Nikkei’s rise that session. Kioxia Holdings Corporation played a major role in Friday’s move for Japan’s main index. Shares were up 7,040 yen, which worked out to about 165 points for the Nikkei 225 using the 0.7 price-adjustment factor for Kioxia and the July 3 Nikkei divisor of 29.83110217. That made up roughly 16% of the Nikkei’s 1,010.92-point gain.
Dow up but AI-chip slide hits Nasdaq after jobs report

US stock futures set for gains ahead of July 4; chip selloff masks broader move

U.S. stock investors go into the long weekend without the usual premarket session, as exchanges stay closed for Independence Day observed. The last read on futures had buyers stepping in after a weaker jobs report eased worries about a Fed rate hike soon. U.S. stock and bond markets are shut Friday and regular trading starts back up Monday, July 6. The Dow finished at a record, but the bigger story was the split between index price and market breadth. On Thursday, the S&P 500 closed little changed, but over two-thirds of its stocks traded higher. The Nasdaq slipped as traders reduced chip bets. That leaves Monday looking less like a typical risk-on move and more like a check on whether
Sivers Semiconductors stock retakes SEK 57 issue price after SEK 700 million raise, but turnover tells harder story

Sivers Semiconductors stock retakes SEK 57 issue price after SEK 700 million raise, but turnover tells harder story

Sivers Semiconductors AB shares traded at SEK 57.40 at 1130 GMT+2, up 17.14%, after opening at SEK 52.55. That put the stock just above the SEK 57 price used in the company’s SEK 700 million directed share issue, after the shares closed at SEK 49.00 on Thursday. Nasdaq Stockholm was in a regular session at the dateline time. Its main-market equities hours are 0900-1730 local time, and July 3 is not listed among Stockholm’s 2026 closed days or half days.
Ondas Inc. (NASDAQ:ONDS) heads into shortened week after 315 million shares trade

Ondas Inc. (NASDAQ:ONDS) heads into shortened week after 315 million shares trade

Ondas Inc. heads into the U.S. holiday break after a busy session that finished lower. Thursday’s $7.41 close stands as the last regular-session price before Nasdaq shuts down July 3 for Independence Day observed and trading resumes next week. The key stat isn’t just Thursday’s 6.44% drop. It’s the churn: Ondas saw 315.5 million shares traded from Monday to Thursday, about 60% of its 523.16 million shares outstanding, according to Google Finance. That kind of turnover doesn’t mean every share changed hands, but it does show a lot moved as the stock stalled under $8.50.
SoFi stock small-business lending gains lose momentum ahead of July 4 break

SoFi stock small-business lending gains lose momentum ahead of July 4 break

SoFi Technologies, Inc. heads into the July 4 holiday up for the week, but Thursday’s session wasn’t clear-cut. Shares hit $19.19 intraday before closing at $18.24, down nearly 5% from the high. Trading volume reached 81.38 million shares, around 14% higher than the 65-day average, even with Nasdaq markets closed Friday for Independence Day observed. SoFi’s new move is catching attention but not so easy to put in a model. The company rolled out fixed small-business loans ranging from $2,500 up to $250,000, with no application, origination, or prepayment fees. CEO Anthony Noto said members’ financial needs “do not stop at personal goals,” pointing to “the businesses they are building.”
03 Jul
Opendoor stock: holiday pause puts focus on short interest math

Opendoor stock: holiday pause puts focus on short interest math

U.S. markets are closed Friday. Opendoor traders have a three-day break after a high-volume reversal session that broke the usual pre-holiday fade pattern. The stock finished July 2 at $4.90, off 0.81%. Shares moved between $4.75 and $5.17 during the session. In after-hours, it dipped to $4.87 with about 599,260 shares changing hands, according to MarketWatch data. Regular trading saw volume hit 90.05 million, or 214% of the 65-day average.
Rivian Automotive (NASDAQ:RIVN) stock rally puts $1.8 billion price on 3,000 more deliveries

Rivian Automotive (NASDAQ:RIVN) stock rally puts $1.8 billion price on 3,000 more deliveries

Rivian Automotive, Inc. gave investors a clean delivery beat before a closed U.S. market day. The harder part is the math behind the rally: Thursday’s gain priced in about $1.8 billion of new equity value for a company that raised the midpoint of its 2026 delivery target by only 3,000 vehicles. The EV maker produced 12,613 vehicles and delivered 12,194 in the second quarter at its Normal, Illinois plant. That topped its own 9,000-11,000 vehicle outlook, helped by EDV vans, R1 demand and the first R2 deliveries. Rivian raised its full-year delivery range to 65,000-70,000 from 62,000-67,000.
SK hynix (KRX:000660) jumps 170 trillion won as KOSPI chip rally weighs AI spending risks

SK hynix (KRX:000660) jumps 170 trillion won as KOSPI chip rally weighs AI spending risks

SK hynix Inc. jumped 10.9% to 2,425,000 won Friday, pulling back from this week’s chip-stock rout. The gain from 2,187,000 won at Thursday’s close and 712.70 million shares outstanding meant SK hynix tacked on about 169.6 trillion won to its market cap in a day. Trading volume was 7.95 million shares, or around 1.42 times the average, according to market data. The value move was about 1.7 times the 100 trillion won SK hynix plans to invest in Cheongju: 80 trillion won is set for a NAND fab by 2029, plus 20 trillion won earmarked for a chip packaging plant by late 2027. The total is about 5.8% of SK hynix’s 1,728.30 trillion won market cap at Friday’s close. CEO
Intel heads toward $646 billion mark following 9% chip slide

Intel drops $112 billion in value ahead of July break, putting chip recovery to test

Intel Corporation heads into the new trading week facing more than just Thursday’s 5.25% slide. Since its June 30 high, the stock has lost around $112 billion in market cap, wiping out much of the value gained on hopes for a faster server CPU cycle and foundry business shift. U.S. markets are closed Friday. Nasdaq’s 2026 schedule puts July 3 down as a holiday for Independence Day, so no trading. Regular hours for Nasdaq are 9:30 a.m. to 4 p.m. ET on trading days. Markets reopen Monday, July 6.
NVIDIA Corporation (NASDAQ:NVDA) stock tests $200 as chip selloff shifts to AI capacity risk

NVIDIA (NASDAQ:NVDA) holds as 210,000-GPU cloud move set for July milestone

NVIDIA Corporation heads into the extended U.S. holiday with shares that outperformed the chip sector overall but are still held back by Wall Street’s latest concern: how much future sales will come from customers relying on Nvidia-funded infrastructure. Nasdaq will be closed July 3 for Independence Day observed. Regular trading hours are 9:30 a.m. to 4 p.m. Eastern. Nvidia ended Thursday at $194.83, off 1.39%, with 142.4 million shares traded. That's 17.6% under its May 14 peak of $236.54. The after-hours quote was $194.43.
Zhongchao (NASDAQ:ZCMD) jumps 200% after hours after reverse split, capital boost vote

Zhongchao (NASDAQ:ZCMD) jumps 200% after hours after reverse split, capital boost vote

Zhongchao Inc. heads into the U.S. holiday break with its share count trimmed and the stock trading wild: Class A shares soared 209% after hours, the float is now tiny after a split, and shareholders signed off on raising the authorized cap to $10 billion. Shanghai-based healthcare information and patient-services stock closed Thursday at $1.11, off 0.89%. Shares last traded at $3.43 in the after-hours session at 7:59 p.m. EDT, StockAnalysis.com reported, citing S&P Global Market Intelligence. The name had rallied 16.8% off its June 26 close of 95 cents before the after-hours move.
IQM Quantum Computers ADS debut puts Finnish quantum stock near $3.5 billion before U.S. holiday pause

IQM Quantum Computers ADS debut puts Finnish quantum stock near $3.5 billion before U.S. holiday pause

IQM Quantum Computers Oyj starts its first U.S. market holiday as a public company with one clean number for investors: Thursday’s $13.36 ADS close values the listed share base at about $3.51 billion. That is almost twice the roughly $1.8 billion pre-money equity value stated in May transaction filings. It is also about 97 times IQM’s audited 2025 revenue of 31 million euros, or $36 million. The gap matters because the public market is giving IQM a quantum peer multiple before the company has built a long record as a listed issuer.
AT&T (NYSE:T) faces $15B Starlink impact with July earnings on deck

AT&T (NYSE:T) faces $15B Starlink impact with July earnings on deck

U.S. markets are closed Friday as the New York Stock Exchange marked July 3 as Independence Day observed. AT&T Inc. won’t trade. The stock last changed hands at $20.58 after Thursday’s close, leaving it down 9.4% for the week, per Dow Jones Market Data cited by MarketWatch. The lost equity is harder to spot. AT&T has a $144.6 billion market cap and a $20.58 share price, which suggests about 7.03 billion shares. After a 9.4% drop, last week’s price would have been close to $22.72, wiping out about $15.0 billion in value. That’s almost as much as all of Charter Communications Inc., which has a $17.4 billion market cap.
American Airlines (NASDAQ:AAL) trades near 52-week high after strong holiday travel

American Airlines (NASDAQ:AAL) trades close to 52-week high ahead of July 4 travel

The U.S. stock market is closed Friday for the Independence Day holiday, so Thursday was the final session ahead of the long weekend. American Airlines Group Inc. dropped 1.27% to end at $17.92. The stock had touched a 52-week high at $18.79 earlier in the day. MarketWatch said AAL was up 32.74% over the past month and 65.31% across three months. It was the volume that stood out, not the price. AAL finished Thursday at $17.92, the same close as Monday. But across those four sessions, 577.12 million shares traded, or about 87% of the 661.39 million shares MarketWatch lists as outstanding.
Meta Platforms (NASDAQ:META) surge values AI cloud bet at $128 billion

Meta’s (NASDAQ:META) $145B AI cloud plan to get investor reaction

Meta Platforms is said to be planning a move into cloud, shifting the focus for the stock from building AI to selling compute. Bloomberg reported the company would offer AI computing and models to other firms, putting it in direct play with Amazon.com, Microsoft, and Alphabet. Meta did not comment to Reuters on the story. NYSE and Nasdaq calendars both show July 3 as a full holiday for Independence Day, so the last U.S. equity prices available are from late Thursday. Meta closed at $582.90, down 4.9%. CoreWeave fell 4.6%, and Nebius Group dropped 5.9%.
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 03.07.2026

LIVEMarkets rolling coverageStarted: July 3, 2026, 4:00 AM EDTUpdated: July 3, 2026, 8:37 AM EDT Indexes End Mixed as Chipmakers Slide; Dow Hits Record July 3, 2026, 8:37 AM EDT. Indexes finished mixed Thursday, with a steep drop in chip stocks pulling the Nasdaq 100 down 1.61%. The Dow Industrials climbed 1.14% and set a new record. The S&P 500 ended flat, marking a two-week high. South Korean chip names SK Hynix and Samsung Electronics fell, raising questions about how strong AI chip demand will stay. US payrolls increased by 57,000 in June, missing forecasts and prompting bets that the
Dow up but AI-chip slide hits Nasdaq after jobs report

Dow at a record but chip shares split in US after-hours trading before July 4 break

Dow closed at a record while AI names slid as U.S. stocks finished the session before the July 4 break. Volume and market breadth told the story—U.S. exchange volume reached 19.92 billion shares, which is about 14.7% under the 20-day average. The Dow picked up 594.83 points as the Philadelphia semiconductor index dropped 5.4%. The mix is important because the S&P 500’s record close wasn’t a straight run for growth stocks. AP said about 70% of S&P 500 stocks gained, but losses in chip names left the main indexes split. Micron Technology Inc dropped 5.5%, Nvidia Corp slipped 1.4%, and Lam Research Corp sank 10.2%.
Avis Budget (NASDAQ:CAR) stock pop lines up with $650M settlement value per share

Avis Budget (NASDAQ:CAR) stock pop lines up with $650M settlement value per share

Avis Budget Group, Inc. jumped Thursday. A new credit filing gave the market a direct look at the $650 million Pentwater settlement. The cash is big enough to matter for equity holders, but some lenders already included much of it in debt paperwork. The shares traded at $163.44, up $16.55, or 11.3%. At that price, Avis was worth roughly $5.77 billion. Given the share price and market cap, the $650 million settlement works out to about $18.40 per share. The stock’s gain Thursday covered about 90% of that figure.
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