Investors still have reading to do before they sign off for the week. Fortunately, TipRanks has collected all the hottest market happenings in our daily roundup.
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- Alibaba Group Holding (BABA) stock was down after the company responded to chip smuggling allegations.
- Phoenix Asia (PHOE) stock surged on news of a share swap and name change.
- Akamai (AKAM) stock was on the rise following the company’s latest earnings report.
- The S&P 500 (SPX) was up alongside the release of new labor market data.
- Carvana (CVNA) stock slipped despite a share split.
- Dell Technologies (DELL) stock gained alongside a recent chip smuggling update.
- Novo Nordisk (NVO) stock fell even after the company reported a sales jump in April.
- Microsoft (MSFT) stock slipped after a major investor sold their stake over AI concerns.
- Comcast (CMCSA) stock was down on news of increased competition.
- Rocket Lab (RKLB) stock was on the rise thanks to a strong earnings report.
- PayPal (PYPL) stock fell on news of a regulatory probe.
- Starbucks (SBUX) stock jumped on reports of mixed union support.
- Nintendo (NTDOF) stock was slammed by plans to increase the price of the Switch 2.
- The Dow Jones (DJIA) climbed on encouraging jobs data.
- Tesla (TSLA) stock rallied despite a Cybertruck recall.