Thitima Uthaiburom/iStock via Getty Images Individual investors have been moving more capital into chip stocks, in particular Nvidia (NASDAQ:NVDA) and levered tech exchange-traded funds, but an overall lull in purchases of stocks and ETFs by that cohort has continued through Q2, according to Vanda Research. Vanda in a mid-week noteContinue Reading
jetcityimage/iStock Editorial via Getty Images Respiratory device makers ResMed (NYSE:RMD), and Philips (NYSE:PHG) traded lower on Friday after Eli Lilly (NYSE:LLY) said an FDA decision on a potential label expansion for its weight loss therapy tirzepatide against obstructive sleep apnea (OSA) is expected later this year. The announcement hurt theContinue Reading
Ivan Cholakov The Pentagon announced Friday that Collins Aerospace, a subsidiary of aerospace and defense company RTX Corporation (NYSE:RTX), has received a defense contract worth $264.6M to provide support services to the U.S. Air Force. The DoD said that the contract related to the DB-110 and MS-110 Reconnaissance Pod programsContinue Reading
Jun. 21, 2024 6:55 PM ETThe Energy Select Sector SPDR® Fund ETF (XLE), USOUCO, DBO, UNG, FCG, USL, UGA, SCO, UNL, BNO, BOIL, KOLD, CRAK, GUSH, DRIP, USOI, NRGU, CO1:COM, NG1:COM, XB1:COM, CL1:COMBy: Carl Surran, SA News Editor SlavkoSereda/iStock via Getty Images Crude oil futures fell on Friday but endedContinue Reading
The S&P 500 (SP500) on Friday advanced 0.61% for the holiday-shortened week to end at 5,464.62 points, posting gains in two out of four sessions. Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY) added 0.32% for the week. The benchmark index posted a three-week win streak, despite losing some momentumContinue Reading
monsitj/iStock via Getty Images Gold prices sank Friday after data showing surprising strength in U.S. business activity boosted the dollar and bond yields, wiping out gold’s gains made during the rest of the week. The S&P Global U.S. Composite Purchasing Managers Index, which gauges activity in the manufacturing and servicesContinue Reading
Robert Way/iStock Editorial via Getty Images Sportswear firm Under Armour (NYSE:UAA) said Friday it has agreed to settle a securities litigation that was originally filed in 2017 and will pay $434 million to resolve matters. As part of the settlement, the company said it has also agreed to two governanceContinue Reading
Waldemarus/iStock via Getty Images Argenx (NASDAQ:ARGX) has received FDA approval for Vyvgart Hytrulo for the treatment of adults with chronic inflammatory demyelinating polyneuropathy, or CIDP. The Dutch biotech company said the product was the first and only neonatal Fc receptor blocker approved to treat the condition. Vyvgart Hytrulo is alsoContinue Reading
Khanchit Khirisutchalual/iStock via Getty Images Truist downgraded its rating on the Technology sector (SP500-45TR0)(XLK) to neutral from overweight on Friday following a sharp run-up by the group against the S&P 500 (SP500)(SPY). Keith Lerner, chief market strategist at Truist, said Technology has gained about 40% since it overweighted the sectorContinue Reading
U.Today – U.Today presents you with the top three news stories over the past day. MicroStrategy’s enormous purchase announced by Michael Saylor: Details Yesterday, June 20, Michael Saylor took to X platform to announce a recent massive purchase of MicroStrategy. The company acquired 11,931 BTC worth $786 million, with theContinue Reading
