Shortly after markets opened on Tuesday, DocuSign (DOCU) and MDU Resources Group (MDU) saw gains of 8% and 4%, respectively, following S&P Global’s announcement of index changes. MDU is moving to the S&P SmallCap 600 index, bumping Chuy Holdings (CHUY), while DocuSign is expected to take MDU’s place in the S&P MidCap 400 index. According…
What to Take Away Entertainment Sphere. DAVID BYRNES, EVP, CFO, and Treasury Manager at SPHERE Entertainment, has announced his departure from the company. Since December of last year, Byrnes has served as the finance chief of the Las Vegas Sphere operator. Prior to that, he was the CFO of Madison Square Garden Entertainment (MSGE), which…
After China reopened following a week-long holiday on Tuesday, investors hoping for additional stimulus measures were disappointed, causing Chinese stocks to plummet. Bloomberg reported that while the Chinese government stated that it would accelerate spending at a crucial policy meeting, it mostly reiterated its previous plans to boost investment and aid for newly graduated students…
When WW International (WW), more commonly referred to as WeightWatchers, made the announcement on Tuesday that it will be offering a knockoff of the most popular weight-loss medications, the news caused shares of WW International (WW), more commonly referred to as WeightWatchers, to rise by nearly 25%. “Access to clinical weight management interventions that are…
Tuesday’s major U.S. indexes were up at midday as oil prices fell and tech stocks rose. The Nasdaq gained one percent, the S&P 500 gained roughly one percent, and the Dow remained unchanged. As partner Foxconn touted strong demand for its servers and Nvidia’s artificial intelligence (AI) chips, shares of Nvidia (NVDA) rose. After S&P…
Shares of Robinhood Markets (HOOD) rose on Tuesday following the announcement of the online trading platform’s first investor day and Barclays’ favorable third-quarter outlook for the brokerage industry. “Share more about our vision for the next 10+ years and how that can drive customer and shareholder value,” Robinhood stated at its investor day in New…
Due to the ongoing impact of higher deposit costs, major U.S. banks are anticipated to report lower earnings in their financial reports for the third quarter. These expenses may decrease in subsequent quarters as a result of the Fed’s interest rate cut and the possibility of additional cuts. In 2022, the Fed’s rate hikes enabled…
On Tuesday, Foxconn, the largest contract electronics manufacturer in the world, touted a strong demand for artificial intelligence servers, which led to an increase in the stock of Nvidia (NVDA). Young Liu, chair of Foxconn, stated in an interview with Bloomberg Television that the company is aiming to produce 20,000 GB200 NVL72 servers at the…
The resurgence of tech stocks supported major U.S. equity indexes on Tuesday as they traded in the positive territory. The S&P 500 rose 1.0 percent, while the Dow rose 0.3 percent. The Nasdaq gained 1.5% as a result of the outperformance of the tech sector. The S&P 500’s strongest daily gain on Tuesday came from…
Tuesday saw a rebound in major indexes following a sharp decline in the previous session. Large-cap technology stocks surged and oil prices fell. The Dow Jones Industrial Average gained 0.3 percent, while the S&P 500 and Nasdaq both closed higher by 1% and 1.5 percent, respectively. On Monday, the major indexes, which had been near…
