US stocks opened higher on Tuesday, continuing from Monday’s strong performance. The Dow Jones Industrial Average rose 383 points after the blue-chip index closed at a record high in the previous session. The S&P 500 surged 1.65% while the Nasdaq 100 fell 0.19%. The S&P 500 trades at 32.59 times earnings, compared with 24.63 times
Shares of Rackspace Technology RXT climbed about 16% in trading on Tuesday after the cloud services provider announced a major infrastructure agreement with Advanced Micro Devices and announced a 15% cut in its global workforce. The company said it has signed a definitive agreement with AMD for the phased deployment of up to 30 megawatts
SpaceX stock price continued its strong rally on Monday, helped by the resilient demand from investors. SPCX jumped to a high of $192, up sharply from the IPO price of $135. Still, there is a risk that the stock will follow the same path as Circle (CRCL), Figma (FIG), and Klarna (KLAR) did after their
US stock futures rallied on Monday as investors welcomed a preliminary US-Iran agreement that could end more than three months of conflict and reopen the Strait of Hormuz, easing pressure on oil prices and inflation expectations. The move gave Wall Street a stronger tone before the open, with technology, airlines and cruise stocks all drawing
Fox Corp. has agreed to acquire streaming platform Roku in a cash-and-stock deal valued at about $22 billion, including debt, in a move that would significantly expand the media company’s digital reach and reshape the US television landscape. The deal combines Fox’s portfolio of live sports, news and entertainment content with Roku’s connected-TV operating system
US stocks opened higher on Monday as investors welcomed signs of a potential agreement between the United States and Iran to end their conflict, while continued enthusiasm surrounding SpaceX’s blockbuster market debut added to the positive sentiment. The Dow Jones Industrial Average climbed 621 points, or 1.21%, while the S&P 500 advanced 1.5%. Nasdaq Composite
Advanced Micro Devices (AMD) stock price has soared this year, making it one of the top gainers on Wall Street. It jumped by 133% this year, bringing its market capitalization to over $834 billion. This article explores why it may be the next big name to hit a $1 trillion market cap. AMD stock surge
Micron Technology MU shares surged more than 7% on Monday as investors continued to embrace the artificial intelligence-driven semiconductor rally, while fresh signs of memory chip shortages reinforced expectations of a prolonged industry upcycle. The stock rose to $1,076.79 in trading, extending recent gains as broader markets reacted positively to the prospect of a potential
SpaceX (SPCX) made history on Friday – raising $75 billion in the largest IPO “ever” – promptly gaining 19% in its Nasdaq debut. The frenzy is real, the story is compelling, but the valuation, hovering around the $2 trillion mark, is already priced for perfection. And for investors who prefer conviction over crowd psychology, there
The S&P 500 Index and its top ETFs, like State Street’s SPY, Vanguard’s VOO, and BlackRock’s IVV jumped for two consecutive days. It jumped to $7,430, up modestly from this month’s low of $7,240. This article looks at some of the top news to watch this week. US and Iran deal to end the war