Russell had a two-standard-deviation move. Dow's ripping while Nasdaq sits flat. Small caps got handed out like candy while tech names like Nvidia haven't moved in two weeks.
Shares of healthcare insurance company Molina Healthcare (NYSE:MOH)
jumped 4.7% in the afternoon session after news that Warren Buffett's Berkshire Hathaway disclosed a new stake in competitor UnitedHealth Group, lifting the broader health insurance sector. The positive sentiment spread across the health insurance industry after a regulatory filing revealed that Warren Buffett's Berkshire Hathaway had taken a roughly $1.6 billion stake in sector leader UnitedHealth Group. This news spurred a broad rally, with Centene, Elevance Health, and CVS Health also seeing their shares climb.
Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Friday and discover the stocks that are dominating the trading activity and setting the pace for the market.
Curious about the most active stocks in today's session? Get a glimpse into the stocks that are generating the highest trading volume and capturing market attention.
In a striking display of market intervention and strategic investment, two major corporate developments are sending ripples through the financial world. The U.S. government is reportedly considering an unprecedented ownership stake in struggling chipmaker Intel (NASDAQ: INTC), signaling a direct and significant move to bolster domestic semiconductor manufacturing. Simultaneously,
The U.S. labor market is exhibiting clear signs of a significant slowdown, marked by three consecutive months of substantially weak job additions and a slight uptick in the unemployment rate. This emerging trend has immediate and profound implications for the overall health of the U.S. economy and is
Wall Street is currently experiencing a fascinating dichotomy, a landscape where robust optimism for impending Federal Reserve interest rate cuts and strong corporate earnings coexists with a palpable undercurrent of caution. This dual outlook defines the market's prevailing sentiment, creating a complex environment for investors. While the prospect of cheaper
The financial markets are currently grappling with a fascinating dichotomy: a pronounced "sector churn" where investor interest appears to be rotating from traditional growth stocks towards more cyclical sectors, even as the artificial intelligence (AI) landscape continues its meteoric ascent. This dynamic has ignited a fervent debate among market experts
The second-quarter corporate earnings season has drawn to a close, painting a complex picture of resilience and vulnerability within the S&P 500. While a significant majority of companies defied expectations by surpassing earnings per share (EPS) estimates, a notable undercurrent of caution emerged as several prominent firms, including luxury
Expectations are reaching a fever pitch for the Federal Reserve's first interest rate cut of 2025, with a September reduction now appearing almost certain. Market probabilities overwhelmingly point to a 25-basis-point cut, which would lower the Federal Funds rate from its current 4.25%-4.5% range. This highly anticipated
Shares of business analytics software company MicroStrategy (NASDAQ:MSTR) fell 3.2% in the morning session after a nearly 4% drop in Bitcoin's price weighed on crypto-related stocks, amid growing concerns over the company's valuation and fundamentals. The downturn in Bitcoin was linked to a hotter-than-expected Producer Price Index (PPI) report, a key measure of inflation that can influence investor sentiment towards riskier assets. This macro news compounded existing investor worries specific to Strategy.
Shares of health insurance company UnitedHealth (NYSE:UNH)
jumped 11.6% in the morning session after the company disclosed that Warren Buffett's Berkshire Hathaway had acquired a significant new stake, with news that regulators had also approved a major merger.
Shares of restaurant technology provider PAR Technology (NYSE:PAR) jumped 3.6% in the morning session after the company received an upgrade from brokerage BTIG, which raised its rating to 'Buy' from 'Neutral' and set a $65 price target. The brokerage highlighted the restaurant software provider's strong sales pipeline and its ability to secure large enterprise deals as key drivers for potential annual growth exceeding 15% over the next three years. BTIG's analyst, Andrew Harte, noted that the upgrade follows a recent 25% drop in PAR's stock price, which was influenced by a lowered growth outlook and investor concerns after its latest earnings report. Despite the company missing earnings per share estimates, its revenue grew 43.8% year-over-year. BTIG sees the recent pullback as an attractive entry point for investors.
