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24H | Big Techs Rebound With Tesla, Palantir up About 1%; Crypto Shares Rise With DeFi Tech up 7%, Bakkt Holdings up 5%; Nuclear Shares Gain With Lightbridge up over 3%
Big tech stocks rebounded in overnight trading. Micron up 8%; TSMC, Palantir, Tesla, SMCI up around 1%.Micron Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected, buoyed by soaring prices for memory chips spurred by tight supplies and booming demand...Tiger News
Thu, Dec 18
24H | Micron Surges 9%; SanDisk Jumps 4%; Cannabis Stocks Shine; Coinbase Rises 1%; Instacart Sinks 6%; Insmed Tumbles 22%
Micron Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected, buoyed by soaring prices for memory chips spurred by tight supplies and booming demand from artificial intelligence data centers. The shares jumped 9% in overnight trading.Other Memory-chip...Tiger News
Thu, Dec 18
RPT-ROI-Move over 'R-star', puzzling US jobs data shines light on 'U-star': McGeever
By Jamie McGeever ORLANDO, Florida, Dec 17 (Reuters) - There is much discussion in U.S. economic circles around "R-star", the theoretical rate of interest that neither spurs nor crimps economic activity. But Federal Reserve officials could soon shift their focus to "U-star". That&...Reuters
Thu, Dec 18
Post-Bell | Wall Street Closes Lower; Medline Surges 41%; Nvidia Falls 4%; Tesla, AMD and Oracle Drop 5%; Palantir Sinks 6%
01 Stock MarketAs of Dec, the U.S. major indexes closed as follows: the Dow Jones Industrial Average was down at 0.47% at 47,885.97; the S&P 500 was down 1.16% at 6,721.43; and the Nasdaq Composite was down 1.81% at 22,693.32. Broad-based declines were led by technology and AI-linked names, while a ...Tiger News
Thu, Dec 18
Micron forecasts blowout earnings on booming AI market, shares rise 7%
Micron's profit forecast nearly double that of Wall Street expectationsAI demand drives Micron's memory chip market growthMicron increases 2026 capital expenditure plans to $20 billionBy Stephen Nellis and Juby Babu Dec 17 (Reuters) - Micron Technology MU.O forecast second-quarter adjuste...Reuters
Wed, Dec 17
Nvidia director Harvey Jones sells $44 million in shares held for over three decades
Dec 17 (Reuters) - Nvidia NVDA.O board member Harvey Jones sold more than $44 million worth of company stock, a regulatory filing showed on Wednesday.Jones, who has served as a director at the chipmaker since 1993, disposed of 250,000 shares on December 15 at an average price of $177.33 per share, t...Reuters
Wed, Dec 17
Insmed scraps development of sinus drug after mid-stage study failure
Dec 17 (Reuters) - Insmed INSM.O said on Wednesday it had discontinued the development of its experimental anti-inflammatory drug to treat a chronic sinus condition after it failed to show benefit in a mid-stage study, sending its shares down nearly 17% in extended trading.The drug, brensocatib, fai...Reuters
Wed, Dec 17
Heritage Commerce rises on $811 million buyout deal with CVB Financial
Community lender Heritage Commerce's HTBK.O shares rise 3.3% to $12.61 in extended tradingRegional lender CVB Financial CVBF.O will buy HTBK in an $811 million all-stock deal to expand in the Bay Area"We like the deal at first blush. Financials appear reasonable and Bay Area expansion could ...Reuters
Wed, Dec 17
MillerKnoll up as pricing expected to offset Q3 tariff hit
Shares of office supplies maker MillerKnoll MLKN.O up around 9% at $19.04 after the bellCo expects pricing to offset incremental tariff costs in Q3 Co, as expected in prior quarter, reports Q2 revenue and profit decline due to tariff-related costsPosts Q2 net sales of $955.2 million vs $970.4 last y...Reuters
Wed, Dec 17
GLOBAL MARKETS-Stock indexes fall on AI angst while gold and silver rise with oil
Wall Street shares close lower with tech leading losses on AI worriesOil rises with precious metals Sterling falls as data cements BoE rate cut on ThursdayUS to blockade sanctioned oil tankers in and out of VenezuelaBy Sinéad Carew and Marc Jones NEW YORK/LONDON, Dec 17 (Reuters) - MSCI's glo...Reuters
Wed, Dec 17
Medline soars 41% in Nasdaq debut after 2025's biggest IPO
Medline shares close 41% above offer price in debutTariffs pose a challenge for Medline SpaceX, others eye 2026 listing By Echo Wang, Arasu Kannagi Basil, Isla Binnie and Pritam Biswas Dec 17 (Reuters) - Medical supply giant Medline's MDLN.O shares rose 41% above their offer price in thei...Reuters
Wed, Dec 17
TRADING DAY-Tech slumps, oil spikes
By Jamie McGeever ORLANDO, Florida, Dec 17 (Reuters) - U.S. shares sank on Wednesday, with tech hit by renewed worries over the AI trade, while Washington's blockade of all sanctioned oil tankers entering and leaving Venezuela lifted oil prices from their five-year lows.More on that below...Reuters
Wed, Dec 17
Micron forecasts blowout earnings on booming AI market, shares rise 6.3%
By Stephen Nellis and Juby BabuDec 17 (Reuters) - Micron Technology MU.O forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, buoyed by soaring prices for memory chips spurred by tight supplies and booming demand from artificial intelligence data ...Reuters
Wed, Dec 17
Worthington Steel rises after Q2 revenue tops estimates
Shares of Worthington Steel WS.N rise 2% to $36.65 after hoursCompany reports Q2 2026 net sales of $871.9 million, above analysts' estimates of $797.25 mln, according to data compiled by LSEGReports Q2 2026 adj EBIT of $26.6 mln, compared to $14.3 mln last yearUp to session's close, stock up...Reuters
Wed, Dec 17
CANADA STOCKS-TSX closes slightly down even as commodity stocks climb
TSX continues four-day losing streak despite gains in cannabis and energy stocksOil prices rise as Trump orders blockade on Venezuelan tankersTSX up 27% this yearBy Avinash P Dec 17 (Reuters) - Toronto's main equity index closed down on Wednesday, reversing the marginal gains of the day, whi...Reuters
Wed, Dec 17
Micron Technology up after Q2 net sales, profit forecast above estimates
Shares of memory chipmaker Micron Technology MU.O up about 6% at $240.30 after the bellCo forecasts Q2 revenue above estimates, betting on soaring demand and strong pricing for its high-bandwidth memory chips used in AI hardwareExpects Q2 revenue to be $18.70 billion, plus or minus $400 million, vs....Reuters
Wed, Dec 17
US STOCKS-Wall Street closes lower as AI funding jitters drag tech stocks
Oracle slides as report says $10 billion data center in limboWarner Bros Discovery board rejects rival bid from ParamountIndexes down: Dow 0.47%, S&P 1.16%, Nasdaq 1.81%By Abigail Summerville and Johann M Cherian Dec 17 (Reuters) - Wall Street's main indexes closed lower on Wednesday, wit...Reuters
Wed, Dec 17
LIVE MARKETS-US stocks slump as AI jitters resurface
Main US indexes fall; Nasdaq takes biggest hit, down 1.8%Tech weakest S&P 500 sector; Energy biggest gainerDollar up; gold gains ~1%; crude rallies ~3%; bitcoin down >2%US 10-Year Treasury yield flat at ~4.15%Welcome to the home for real-time coverage of markets brought to you by Reuters repo...Reuters
Wed, Dec 17
US STOCKS-Wall Street closes lower as AI funding jitters drag tech stocks
Oracle slides as report says $10 billion data center in limboWarner Bros Discovery board rejects rival bid from ParamountS&P and Nasdaq sink to three-week lowsBy Abigail Summerville and Johann M Cherian Dec 17 (Reuters) - Wall Street's main indexes closed lower on Wednesday, with the S&am...Reuters
Wed, Dec 17
EMERGING MARKETS-LatAm stocks plunge as global sentiment, domestic policies weigh
Stocks fall 2.6%, currencies 0.7% lowerBrazil's lower house passes bill to reduce tax benefitsMexico and Colombian equities fallBy Niket Nishant and Twesha Dikshit Dec 17 (Reuters) - Latin American stocks posted their biggest one-day drop in almost two weeks on Wednesday, with global sentime...Reuters
Wed, Dec 17
