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CoreWeave insiders raked in millions as the company’s shares surged, even as the cloud provider’s financial picture grows increasingly complex. A securities filing shows board member Karen Boone sold 1,060 shares for $108.23 apiece, or $114,723 in total, on Tuesday. Boone directly owned 7,300 CoreWeave shares after the transaction, valued at $780,078 based on Thursday’s closing price of $106.86.
US equity indexes rose, with all three mainstream gauges hitting intraday record highs amid a surge
The Dow and Nasdaq could end May with some fresh milestones. The Dow was trading above 51,000 for the first time. The Nasdaq crossed 27,000 for the first time as well. Both indexes, along with the S&P 500, will finish May at closing highs with any daily advance.
Market Awaits Chicago Business Barometer.
The Nasdaq is riding its best two-month stretch since 2002. The tech-heavy index is up 8.4% this month, bringing its gains since the end of March to about 25%. If the gains hold through the close, it would cement its best two months since November 2002, according to Dow Jones Market Data.
B. Riley Wealth chief market strategist Art Hogan and Yahoo Finance Senior Business Reporter Ines Ferré chat with Yahoo Finance Executive Editor Brian Sozzi about where "throwback" tech stocks, like Dell (DELL) and Cisco (CSCO), fit into the artificial intelligence (AI) trade.
Deep Sea Minerals (SEAS.CN) has filed a listing application with the Nasdaq Capital Market in connec
Stocks were on pace to end May at record levels after Dell Technologies joined a crowded field of earnings season winners. The Nasdaq was up 0.1%. The Nasdaq entered the day on pace for its best two-month period since November 2002.
The hot ticker right now is OpenAI’s compute footprint, which is fueling everything from Oracle (NYSE:ORCL) to NVIDIA (NASDAQ:NVDA) to a half dozen private power developers, and the consensus is that the only way to play the AI buildout is to pay nosebleed multiples for the names printing the headlines. But the real story is ... OpenAI Needs 1.4 Gigawatts of Power. It Called a Michigan Utility Nobody’s Ever Heard Of. That Stock Could Beat the Nasdaq
Wall Street closed higher on Thursday, driven by tech and healthcare stocks.
(Bloomberg) -- As SpaceX edges closer to what could be the largest initial public offering in history, a corner of the crypto market is already pricing the debut — and recent history suggests the numbers are worth watching.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceUS, Iran Agree to 60-Day Truce Renewal Pending Trump SignoffSpaceX Said to
US equity futures edged higher pre-bell Friday as traders monitored developments on the peace negoti
Stock futures nudge higher US stock futures edged higher ahead of the bell as Wall Street digested a blowout earnings report from Dell and kept one eye on the latest twists in the US-Iran negotiations. Dell was the star of the show after the close, with its shares rocketing nearly 40%...
The S&P 500, driven by tech stocks, is on pace to power more than 5% higher this month, marking one of the best performances in May since the 1950s.
Wall Street futures pointed modestly higher pre-bell Friday following media reports that Tehran and
US equity markets were pointing higher before the opening bell Friday, while oil prices fell as trad
By Lewis Krauskopf NEW YORK, May 29 (Reuters) - Investors will turn to an important labor market update next week as they weigh whether simmering inflation and the potential for interest rate hikes
Stocks looked set to rise on the last trading day of May, putting the S&P 500 on course for a ninth straight week of gains. Futures tracking the S&P 500 climbed 0.1% on Friday. Contracts tied to the tech-heavy Nasdaq 100 also rose 0.1%.
President Trump desperately wants lower interest rates, but his decision to attack Iran could force the Federal Reserve to raise rates.
The new Fed chair intends to shake up the central bank -- but that comes with consequences for Wall Street and the bond market.
According to a report from Axios, the U.S. and Iran have reached a tentative deal to extend the ceasefire between the two nations by 60 days and are on track to discuss Tehran’s nuclear program.
Though Visa has lagged behind the broader Nasdaq Composite over the past year, Wall Street analysts remain strongly optimistic about the stock’s prospects.
Gold is a great buy for investors concerned about U.S.-dollar-denominated assets.
Hotter inflation couldn’t stop the S&P 500 and Nasdaq from clocking fresh record closes on Thursday. Plus, a look at consumer spending.
<body><p>STORY: Wall Street's main indexes notched more record closing highs on Thursday, as the Dow ticked up marginally, the S&P 500 added more than half a percent and the Nasdaq climbed nearly one percent.</p><p>Sources told Reuters the U.S. and Iran reached a draft agreement to extend their ceasefire for 60 days and lift restrictions on shipping through the Strait of Hormuz, though President Donald Trump had yet to approve it.</p><p>Meanwhile, economic data on Thursday showed that U.S. inflation in April rose at its fastest pace in three years and first-quarter GDP was revised lower.</p><p>Chris Kampitsis, managing partner at Barnum Financial Group, said the economic overhang is still being offset by an AI trade that just won't quit.</p><p>"The way I've been describing the impact of the geopolitical events and inflation and interest rates to clients is that all of this represents a drag on the market and a drag on the economy. Concurrently, we have some pluses. We have some accelerants in the form of AI technology and exceptional corporate earnings. Right now, the pluses are outweighing the negatives. If we didn't have this overhang, you could only imagine where the market's results might be as it continues to participate in this euphoric run through what is in essence a technological revolution that we're experiencing."</p><p>:: Archive</p><p>Reflecting that AI euphoria, shares of Dell soared more than 16% in extended trading after the company boosted its annual revenue and profit expectations. Dell reported that data center expansion by clients is fueling demand for its AI-optimized servers powered by Nvidia's chips.</p><p>Snowflake shares soared 36% after the data analytics firm lifted its annual product revenue forecast and announced a five-year AI infrastructure deal worth $6 billion with Amazon Web Services. Peers Datadog and MongoDB also climbed.</p><p>Elsewhere in the market, shares of Dollar Tree jumped almost 18% after the discount retailer lifted its full-year profit forecast, while Best Buy rose nearly 16% after the electronics vendor forecast second-quarter sales above estimates.</p><p>On the flip side, shares of Gap tumbled 14% in extended trading after the apparel chain cut its annual sales forecast, signaling pressure from budget-strained Americans pulling back on discretionary spending amid macroeconomic uncertainty.</p></body>
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