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Software and chip stocks were stuck in a tug-of-war for the Nasdaq on Monday, and chips were winning. With the Nasdaq Composite down 0.4%, the iShares Semiconductor ETF was off 1.4%. On the flip side, the iShares Expanded Tech-Software Sector ETF was up 2.
Market trends weighed on Joby stock last month, but shares have since surged thanks to positive news.
Monday.com’s reported adjusted earnings of $1.48 a share, beating expectations. But revenue guidance for the third quarter comes in a bit soft for Wall Street.
Microsoft is up 2%, Nvidia is down 2%, and the indexes ended up going nowhere at noon, Eastern. Here's what's canceling out on Wall Street today.
(Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexe
The S&P 500 was struggling to build on last week’s closing high. The Nasdaq Composite was down slightly. The Invesco S&P 500 Equal Weight ETF, which counts every stock in the S&P as if they were the same size, was flat.
First Phosphate Corp (NASDAQ:PHOS)(CSE:PHOS)(OTCQX:FRSPF) has uplisted to the Nasdaq Global Market, with CEO John Passalacqua telling Proactive's Stephen Gunnion that the move transforms the company into a primary US security, opening it up to portfolio managers who can only buy US-listed stocks or securities on specific exchanges. Passalacqua described the uplisting as consistent with the company transitioning from small cap to mid cap status. Passalacqua said the Nasdaq Global Market listing improves both liquidity and visibility as First Phosphate advances its Bégin-Lamarche phosphate project, and provides access to US and international capital markets. He noted that many of the company's anticipated customers and business partners are based in the US and Europe, making a presence on a leading transnational exchange strategically important. On operational milestones, Passalacqua said the company's priority is delivering a feasibility study, which it hopes to complete by end of 2026 or early 2027. He added that First Phosphate is fully capitalized to move through permitting and reach a final investment decision over the next couple of years. First Phosphate's stated ambition is to build a North American mine-to-market lithium iron phosphate (LFP) supply chain. Passalacqua said the Nasdaq listing supports that goal by giving the company the profile of larger peers in the critical minerals and technology space. #FirstPhosphate #PHOS #phosphate #LFP #criticalMinerals #Nasdaq #miningStocks #batteryMaterials #Canada #resourceInvesting
Stocks around the globe kicked off the new trading week on a solid footing. In the U.S., indexes were little changed, as focus remains on economic data and the wind-down of second-quarter earnings season.
Stock markets were little changed Monday, holding near record highs amid thin summer volumes, as investors awaited inflation data this week for more clues to the interest-rate outlook for the US economy.The AI sector that has recently underpinned the US stock market is increasingly reliant on debt to fund its massive investments, and would be penalised by higher interest rates, she added.
(Corrects syntax error in headline) Aug 10 (Reuters) - Wall Street's main indexes opened little changed on Monday, as investors weighed developments in the Middle East that could influence the
Fresh of its best week since April, the stock market took a breather Monday morning. The Dow Jones Industrial Average and S&P 500 were flat. The Nasdaq Composite was down 0.1%. WTI crude oil futures were up 1.
Five stocks, including OPHC, EDRY, ENVA, ANIK and GEO, show strong recent price gains and earnings growth as markets rally.
AVAH, FDS and SHOP lead Zacks' recent standouts, with several picks posting strong gains versus the S&P 500.
Jefferies analyst Edison Lee believes Apple has scrapped its all-glass iPhone, citing supply chain checks.
Stock futures are little-changed this morning after the S&P 500 closed at a record high on Friday, as investors prepare for a busy week of economic data and earnings.
First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF, FRA:KD0, OTC:FPHOY)’s American Depositary Receipts began trading on the Nasdaq Global Market on Monday after the company’s ADR program was upgraded to a Level 2 listing. The ADRs trade under the ticker ‘PHOS,’ with each ADR representing 10 First...
Stock Market Today: The Dow Jones index falls Monday as oil prices climb amid a lack of progress in U.S.-Iran talks. SpaceX stock rallies.
Stocks are getting a solid August boost. That has Wall Street altering their end of year price targets.
Valuations for AI hardware stocks faced intense pressures last month, but investors have become more bullish recently.
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