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Why Amazon Stock Is Leading the "Magnificent Seven" Higher Today After U.S.-China Trade Deal
Shares of Amazon (NASDAQ: AMZN) ripped higher nearly 8% as of 11:06 a.m. ET today, after officials from the U.S. and China agreed to pause extremely high tariff levels against one another over the weekend. As of this writing, Amazon led stocks in the "Magnificent Seven" on the day, likely due to how...The Motley Fool
Mon, May 12
EMERGING MARKETS-Commodity-linked Latam stocks rise, FX slips after US-China tariff deal
Brazil says China to invest $4.78 billion as Lula visits BeijingEconomists say Brazil's monetary tightening cycle is overChile cenbank seen holding rate at 5% next meeting, poll showsIndian, Pakistani assets soar after ceasefire By Nikhil Sharma and Johann M Cherian May 12 (Reuters) - Most re...Reuters
Mon, May 12
ModivCare falls after Barrington downgrades rating
** Shares of healthcare service provider ModivCare MODV.O fall 1.3% to $1.16** Barrington cuts MODV's rating to "market perform" from "outperform"** Adding a speculative risk rating given MODV's highly leveraged balance sheet and inability to stabilize its business via consis...Reuters
Mon, May 12
Curaleaf secures EU certification for liquid inhalation device; shares rise
** Shares of pot company Curaleaf Holdings CURA.TO up 2.2% to C$1.17** Company, in partnership with Jupiter Research LLC, secures EU medical device certification for a handheld liquid inhalation device designed for medical cannabis administration ** CURA says the device is certified as a Class IIa m...Reuters
Mon, May 12
ANALYSIS-Investors cheer US-China tariff truce, but cautious over a final deal
US and China agree to temporarily slash reciprocal tariffsDeal boosts dollar, world stocksBut uncertainty prevails, focus turning to tax cutsBy Amanda Cooper and Samuel Shen LONDON/SHANGHAI, May 12 (Reuters) - A breakthrough in U.S.-China trade talks has propelled world stocks and the dol...Reuters
Mon, May 12
Celsius: A Tale of 3 Stock Charts
If you're a Celsius Holdings (NASDAQ: CELH) shareholder, how well you're doing depends largely on where you draw your starting line. This is true of any investment, but the differences are pretty extreme for the company behind the lifestyle brand of sparkling beverages that boost a body's metabolism...The Motley Fool
Mon, May 12
Fidelity login woes blocks users from trading rally
By Suzanne McGee May 12 (Reuters) - Users of Fidelity's trading platforms encountered a series of glitches that stopped them from logging on to their accounts, just as U.S. stock markets opened for trading on Monday morning. The glitches occurred even as major share prices index soared on ne...Reuters
Mon, May 12
US chipmakers rise after US, China agree to cut tariffs, 90-day pause
** Shares of U.S. chipmakers rise after U.S. and China agree to temporarily slash tariffs** U.S. will cut tariffs on Chinese imports to 30% from 145% while Chinese levies will drop to 10% from 125% for the next 90 days** Chip-heavyweight Nvidia NVDA.O gains 3.6% ** Networking chipmakers Broadcom AVG...Reuters
Mon, May 12
GLOBAL MARKETS-Stocks, dollar surge as US and China agree 90-day tariff relief
U.S. and China reach deal to temporarily slash tariffs Wall Street stocks leapDollar jumps 2% against Japanese yen, Swiss franc tumblesGold drops sharply after stunning rally, government bonds weak By Koh Gui Qing and Naomi Rovnick NEW YORK/LONDON, May 12 (Reuters) - Global shares rallied, while...Reuters
Mon, May 12
LIVE MARKETS-Abu Dhabi's Golden Goose - ADNOC's dual energy strategy
Main US indexes jump; Nasdaq up ~3.5, out frontCons Disc leads S&P 500 sector gainers; Defensives lagEuro STOXX 600 index up ~0.9%Dollar surges; crude up ~2.5%; bitcoin off ~1.5%; gold off >2.5%US 10-Year Treasury yield rises to ~4.43%Welcome to the home for real-time coverage of markets brou...Reuters
Mon, May 12
Natgas companies fall on rising output, lower flows to LNG export plants
** Shares of U.S. natural gas companies down, tracking fall in natgas futures NGA/** U.S. natgas futures NGc1 down 4.2% at $3.63 per million British thermal units. On Friday, the contract closed at its highest since April 9** Natural gas prices fell over 4% on a rise in output in recent days coupled...Reuters
Mon, May 12
Somnigroup rises after former Mattress Firm parent's stock sale at a premium
** Shares of bedding firm Somnigroup SGI.N up 4.5% at $63.22 amid broader market rally after secondary offering** Lexington, Kentucky-based co early Mon said ~15.4 mln shares offloaded by subsidiary of IBEX Topco B.V., former majority shareholder of Mattress Firm** Offering priced at $62, thefly.co...Reuters
Mon, May 12
Hudbay Minerals rises on Q1 profit, revenue beat
** Shares of Canadian miner Hudbay Minerals HBM.TO jump 9.7% to C$11.74** Company beats Q1 profit and revenue estimates, as increased gold and copper prices helped offset lower production** HBM posts Q1 adjusted profit of 24 cents/shr vs estimate of 11 cents/shr - data compiled by LSEG** Company rep...Reuters
Mon, May 12
Fidelity website outage blocks users from trading rally
By Suzanne McGee May 12 (Reuters) - Fidelity trading platforms experienced outages just as U.S. stock markets opened for trading on Monday morning, leaving many users of its online, mobile and Active Trader apps unable to execute buy or sell orders.The outage occurred even as major share prices i...Reuters
Mon, May 12
Tariff-proof stocks fall after U.S.-China trade deal
** Tariff-proof stocks, including Netflix, Spotify and gold miners, fall after U.S. and China agree to temporarily slash tariffs** U.S. to cut levies to 30% from 145%, while China to reduce to 10% from 125% during 90-day negotiation period** The benchmark S&P 500 .SPX jumps to 2-month high as tr...Reuters
Mon, May 12
Cannabis firm Organigram rises on Q2 profit, revenue jump
** Shares of pot firm Organigram OGI.TO rise 6.1% to C$1.7 ** Company posts Q2 profit and a jump in revenue on higher international sales and contributions from its Motif acquisition** Company posts Q2 net income of $42.5 million compared with a loss of $27.1 million a year ago** Q2 gross revenue ri...Reuters
Mon, May 12
US drugmakers rise as Trump plans broad drug price cuts in executive order
** Shares of U.S. drugmakers reverse course, rise between 1.5% and 5%** President Donald Trump plans to sign wide-reaching executive order directing drugmakers to lower prices of medicines to align with what other countries pay** White House officials say government will give drugmakers price target...Reuters
Mon, May 12
CANADA STOCKS-TSX gains on US-China tariff agreement
By Sukriti Gupta and Sanchayaita Roy May 12 (Reuters) - Canada's main stock index rose on Monday as the United States and China reached a deal to reduce tariffs, boosting investor optimism and easing fears of an all-out trade war disrupting global markets.The Toronto Stock Exchange's S&a...Reuters
Mon, May 12
US STOCKS-S&P 500 jumps to over two-month high after US-China tariff truce
Indexes rise: Dow 2.51%, S&P 500 2.53%, Nasdaq 3.34%US, China reach deal to cut tariffsApple rises on report of considering raising iPhone pricesBy Shashwat Chauhan and Pranav Kashyap May 12 (Reuters) - The S&P 500 hit its highest since early March on Monday as a crucial U.S.-China agreem...Reuters
Mon, May 12
