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MSTR Stock Crashes 13% as Bitcoin Sale Breaks “Never Sell” Promise, June 05
MSTR stock falls 13% after Strategy Inc sells 32 Bitcoin for first time in years, breaking its “never sell” pledge.
S&P/TSX Index Today: 35,217.06 Level (+1.19%) as Futures Edge Down 0.2% Ahead of Payrolls Report
The S&P/TSX Composite Index closed at 35,217.06, posting a strong gain of 1.19% as investors continued to show confidence in Canadian equities. The benchmark index benefited from strength in energy, financial, and mining stocks, helping the market reach fresh highs despite uncertainty surrounding upcoming economic data. However, market sentiment turned slightly cautious before the release…
Dragon Feng Group Stock Crashes 45% on First Day of Trading, June 05
Dragon Feng Group (02290.HK) plunged 45.8% on debut, closing at 2.37 HKD versus 5.18 HKD IPO price amid weak Hong Kong market conditions.
META Stock Momentum Builds: Meta Platforms Inc Gains 0.74% to $627.57 as Roundview Capital LLC Raises Holdings
META stock gained 0.74% to close at $627.57, signaling renewed investor confidence in Meta Platforms Inc as institutional investors continue to increase their positions. The upward move comes at a time when technology stocks are regaining momentum, supported by strong earnings expectations and continued growth in artificial intelligence investments. The latest filing shows that Roundview…
Japan Backs Rapidus With $943M as 2nm Chip Push Accelerates, June 05
Japan invests $943M in Rapidus for 2-nanometer chip production by 2027, bringing total government backing to $1.8B for semiconductor sovereignty.
Lululemon Stock Target Cut by UBS as EPS Guidance Falls to $10.95–$11.15
Lululemon Stock is under strong pressure after a fresh wave of analyst revisions and weak forward guidance. UBS has cut its price target following a sharp downward revision in earnings expectations. The biggest concern for investors is simple. The company now expects full-year EPS between $10.95 and $11.15, down from earlier forecasts that were significantly…
Wall St Futures Mixed as Dow Rises 61 Points While Nasdaq 100 Drops 1.0% Ahead of Payrolls
Wall Street futures traded mixed on Friday as investors stayed cautious ahead of the crucial U.S. jobs data. The overall tone on Wall St was defensive, with investors balancing strong recent gains against rising uncertainty over interest rates. Dow Jones futures rose about 61 points, showing mild strength in industrial and value stocks. At the…
Indigo Shares Fall Over 1% After Airline Suspends Hong Kong, Shanghai and 4 More Routes Till September
Indigo Shares fell over 1% after InterGlobe Aviation announced the suspension of several international routes, including Hong Kong, Shanghai, and four additional destinations, until September. The market reacted cautiously as investors assessed the impact of reduced international operations on near-term revenue and passenger growth. The airline stated that the decision is temporary and part of…
SpaceX IPO Prices at $135 Per Share, Targets Record $75 Billion Raise, June 05
SpaceX sets $135 IPO price for $75 billion raise, valuing the aerospace firm at $1.75 trillion with 30% retail allocation.