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Financial Markets

Intel Corp. Stock Jumps Amid Takeover Rumors

U.S. semiconductor manufacturer Intel Corp. saw its stock jump by more than 9% on Friday. The rally has been associated with recent rumors about a potential takeover. Tech-based outlet SemiAccurate recently reported about an email in which an unnamed company expressed interest in acquiring Intel...

S&P 500, Dow Jones, and Nasdaq Plunge on Surprising U.S. Jobs Report

U.S. stocks dipped on Friday amid a surprising jobs report that will likely cause the Federal Reserve to proceed cautiously with interest rate cuts. All three major indexes—the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite—finished the week in the red. Benchmark S&P 500...

EV Maker Lucid Reports Record Deliveries in Q4, Stock Jumps

Electric vehicle maker Lucid delivered a record number of cars in the fourth quarter, according to a report released by the company. This resulted in the company’s stock soaring 9% at one point in early trading. Lucid said it delivered 3,099 vehicles in the quarter...

Stocks Jump After Sluggish Start of 2025, S&P 500 and Nasdaq Snap Losing Streaks

U.S. stocks jumped on Friday after a sluggish start to the year. The benchmark S&P 500 and tech-heavy Nasdaq Composite managed to snap a five-day losing streak, although they still finished the week in the red. S&P 500 jumped by 1.26% or 73.92 points to...

Stocks Decline on Big Tech Slump But Finish the Week in the Green

The U.S. stock market performed poorly on Friday, being dragged down by big tech stocks. Despite this, all three major indexes finished the week in the green. The S&P 500 shed 1.11% or 66.75 to close at 5,970.84 points. The benchmark index still finished with...

Wedbush Analyst Predicts $4 Trillion Valuation for Apple in 2025

iPhone maker Apple currently stands as the world’s most valuable company, with a market cap of $3.90 trillion. However, according to Wedbush Securities, the company will reach new heights in 2025 and become the first one to reach a $4 trillion valuation. In a research...