It’s time to close out the trading week with a breakdown of the biggest stock market stories on Friday! There’s a lot to go over, but TipRanks has it covered with a roundup of the latest stock news.
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- MiNK Therapeutics (INKT) stock rocketed higher after it reported a complete remission case of metastatic, treatment-refractory testicular cancer.
- Goldman Sachs analyst Mark Delaney cut his price target for Tesla (TSLA) and maintained a Hold rating.
- Netflix (NFLX) received updated analyst coverage today ahead of its upcoming earnings report.
- Alphabet’s (GOOGL) Google will offer significant cloud storage discounts to the U.S. government.
- Cathie Wood’s ARK Invest bought $16 million worth of Teradyne (TER) stock.
- Signing Day Sports (SGN) surged today after it announced a merger plan with BlockchAIn, One Blockchain LLC.
- BP (BP) stock was up thanks to the company’s switch back to fossil fuels amid high demand for oil.
- Capricor Therapeutics (CAPR) stock plummeted after it received a rejection letter from the U.S. Food and Drug Administration (FDA).
- The Dow Jones Industrial Average (DJIA) was down after President Donald Trump announced possible new tariffs on Canada.
- Milestone Pharmaceuticals (MIST) stock dove today after it announced plans for a proposed public offering of its shares and warrants.
- The S&P 500 (SPX) also fell on Friday alongside President Trump’s latest tariff threats.
- Needham analyst Moshe Orenbuch initiated coverage of SoFi Technologies (SOFI) stock with a Hold rating and a $21 price target.
- Meta Platforms (META) has pushed back against Europe’s calls to change its advertising platform.
- Advanced Micro Devices (AMD) stock slipped despite encroaching on Intel’s (INTC) PC gaming dominance.
- Nintendo (NTDOF) stock got a boost on Friday after the FBI took down a Switch piracy website.
Read more of the biggest stock market stories at TipRanks.