Investors have reached the midpoint of the trading week, and still there is more news to read. TipRanks can help with our roundup of the hottest stock market stories below.
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Two ETFs for long or short leverage on NBIS- KALA BIO (KALA) stock surged after the medical company said it intends to become the “Palantir for biotech.”
- UniFirst (UNF) stock gained after the uniform company announced a merger with rival Cintas Corporation (CTAS).
- Nebius Group (NBIS) stock was on the rise after it announced a partnership with Nvidia (NVDA).
- Internet Computer (ICP) was on the rise alongside the crypto’s launch on Upbit.
- The Dow Jones (DJIA) was down following the latest inflation update from the Bureau of Labor Statistics.
- Scienture Holdings (SCNX) stock rocketed on news of a commercial expansion for one of the company’s products.
- Micron Technology (MU) stock gained alongside an increased price target from a top analyst.
- Nike (NKE) stock slipped despite an analyst upgrade.
- Target (TGT) stock dropped after the retailer announced plans to cut prices.
- Advanced Micro Devices (AMD) stock was up on news that CEO Lisa Su will visit South Korea to negotiate with suppliers.
- The International Energy Agency revealed that it will release a record 400 million barrels of oil from strategic reserves.
- Howmet Aerospace (HWM) stock has received multiple upgrades after the company’s investor day.
- Meta Platforms (META) has revealed plans for new in-house chips to reduce reliance on AMD and Nvidia.
- Sony (SONY) stock was down on reports that Valve scared the game company away from PC gaming.
- Google (GOOGL) stock saw a slight gain after the company announced a massive deal for Wiz.
- Starbucks (SBUX) stock dropped despite the launch of a new ad campaign.