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Cerebras Soars — Heard on the Street Thursday Recap
The Wall Street Journal82d agobullish
Cerebras Soars — Heard on the Street Thursday Recap

President Trump and Chinese leader Xi Jinping agreed Iran shouldn't control the waterway. The S&P 500 rose 0.8%, and the Nasdaq Composite jumped 0.9%. Shares of Cerebras Systems priced at $185 in their public offering and opened trading at $350 on Thursday.

Cerebras Soars: Heard on the Street Thursday Recap
The Wall Street Journal82d agobullish
Cerebras Soars: Heard on the Street Thursday Recap

President Trump and Chinese leader Xi Jinping agreed Iran shouldn't control the key waterway. The S&P 500 rose 0.8%, and the Nasdaq Composite jumped 0.9%. Shares of Cerebras Systems priced at $185 in their public offering and opened trading at $350 on Thursday.

Dow Surges Back Above 50,000
Barrons.com83d agobullish
Dow Surges Back Above 50,000

Stocks opened higher after a pair of healthy economic reports, with the Dow getting a boost to 50,000 from Cisco’s strong earnings. The Dow was up 0.8%, to trade at 50,080.30. The picture for the U.S. economy is positive, with retail sales coming in healthy and jobless claims showing the labor market continues to hum.

Stocks Rally While Inflation Takes 30-year Yield to 5%
Barrons.com83d agobullish
Stocks Rally While Inflation Takes 30-year Yield to 5%

Wall Street was split on Wednesday, with stocks charging higher while Treasuries sold off following another poor auction that saw the 30-year Treasury yield reach 5%. The Dow fell 0.1%. Stocks gained despite a high inflation reading: Wholesale energy prices climbed 7.8% in April from March.

Stock Futures Rise as Trump Goes to China
Barrons.com84d agobullish
Stock Futures Rise as Trump Goes to China

Tech stocks looked set to rise on Wednesday as investors bought the dip ahead of President Donald Trump’s summit with China's premier Xi Jinping in Beijing. The three major indexes all slid on Tuesday after the April consumer price index report showed inflation picked up faster than expected last month. The market will be keeping a close eye on Trump’s trip to China, with the two leaders expected to discuss trade and the Iran war.

S&P 500, Nasdaq Climb Back to Record Highs
Barrons.com89d agobullish
S&P 500, Nasdaq Climb Back to Record Highs

The S&P 500 and Nasdaq were chasing fresh highs on Friday after the unemployment rate held steady in April. The S&P was up 0.5%. The Nasdaq was up 0.6%. The Dow rose 220 points, or 0.4%. The S&P and Nasdaq were on pace for record closing highs.

Rocket Lab Stock Surges. The Space Race Is On.
Barrons.com89d agobullish
Rocket Lab Stock Surges. The Space Race Is On.

A year ago, Rocket Lab reported a gross profit of $35.2 million from sales of $122.6 million. Looking ahead, Rocket Lab expects second-quarter sales of $225 million to $240 million. Rocket Lab stock was up 5.9% in after-hours trading at $83.21.