Earnings reports, analyst updates, and more make up the top stock market stories for Thursday. Let’s dive into that with a list of the hottest market happenings today.
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New trading tool for SPY bulls- Impact BioMedical (IBO) stock underwent a massive rally after the medical company amended a merger agreement.
- Classover (KIDZ) stock fell hard after the education company announced a reverse stock split.
- Iren Limited (IREN) stock took a beating despite a new purchase agreement with Nvidia (NVDA).
- Broadcom (AVGO) stock was on the rise after the semiconductor company posted strong Q1 results.
- The Dow Jones Industrial Average (DJIA) was down despite positive jobs data from Challenger, Gray & Christmas.
- Berkshire Hathaway (BRK.B) stock rallied after CEO Greg Abel committed his salary to buying the company’s shares.
- The S&P 500 (SPX) was weighed down by ongoing concerns about the war in the Middle East.
- Nvidia (NVDA) stock rallied after CEO Jensen Huang said the company is likely done with private investments in OpenAI and Anthropic.
- Six Flags Entertainment (FUN) stock jumped after the amusement park company sold seven locations in a $331 million deal.
- CVS Health (CVS) stock was down even after the pharmacy chain announced an AI deal with Google (GOOGL).
- Sony (SONY), Microsoft (MSFT), and Nintendo (NTDOF) shares have been weighed down by increased storage prices due to AI.
- Amazon (AMZN) stock was up after the e-commerce company announced its Amazon Connect Health AI platform.
- Lululemon (LULU) stock slipped after the athletic wear company announced a new line that can hide sweat.
- Bath & Body Works (BBWI) stock dipped alongside updated analyst coverage after the retailer’s most recent earnings report.
- Victoria’s Secret (VSCO) stock fell hard after the intimate apparel company posted its latest earnings results.