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Wall Street closed higher on Friday, with the Dow Jones Industrial Average reaching an intraday record high, as easing Treasury yields and optimism surrounding diplomatic efforts in the Middle East supported investor sentiment heading into the Memorial Day holiday weekend. The Dow gained nearly 295 points, or 0.59%, to close at approximately 50,580. The blue-chip… Continue reading Dow hits record high as easing yields lift Wall Street

Shares of Generac Holdings (GNRC) surged on Friday after Jefferies upgraded the backup power equipment maker, citing growing momentum in AI-driven data center infrastructure demand and increasing traction for the company’s Baudouin engines among hyperscale operators. Generac shares climbed 9% after Jefferies raised its rating on the stock to Buy from Hold and increased its… Continue reading Generac stock jumps 9%: Why is Jefferies bullish on the stock?

Shares of Take-Two Interactive Software (TTWO) fell on Friday despite the video game publisher reporting better-than-expected quarterly results and reaffirming the release timeline for the highly anticipated Grand Theft Auto VI. The company posted stronger-than-expected fiscal fourth-quarter net bookings and a narrower loss than analysts anticipated. However, investor sentiment weakened after Take-Two issued fiscal 2027… Continue reading Take-Two stock falls as weak FY27 guidance offsets GTA VI hype

Dell Technologies (DELL) ripped higher on Friday as a series of analyst upgrades and price target hikes fuelled intense buying momentum ahead of the firm’s Q1 earnings set to be released on May 28th.    Wall Street remains convinced that DELL will report blockbuster financials for the first quarter, with revenue coming in up nearly… Continue reading Dell stock rallies as analysts show love ahead of Q1 earnings

Shares of Merck & Co. (MRK) rose 5% on Friday after the pharmaceutical giant reported positive developments across multiple oncology programs, reinforcing investor confidence in its efforts to extend the dominance of blockbuster cancer drug Keytruda ahead of looming patent expirations later this decade. The rally followed encouraging Phase 3 clinical trial results involving sacituzumab… Continue reading Merck stock jumps as Keytruda combo trials boost cancer pipeline

Futu Holdings (FUTU) is under immense pressure on Friday following a massive, coordinated regulatory enforcement action by Chinese authorities. Investors bailed on FUTU primarily because the swift and severe clampdown struck directly at the offshore brokerage’s core cross-border business model. The market seems to be repricing the digital brokerage platform after Beijing formalized long-standing regulatory… Continue reading FUTU stock crashes as Chinese authorities target core business

Shares of Qualcomm (QCOM) Incorporated surged 12% after Stellantis announced a major expansion of its multi-year technology partnership with the chipmaker. The move will enhance Qualcomm’s role in next-generation connected and autonomous vehicles. The expanded agreement will integrate Qualcomm’s Snapdragon Digital Chassis system-on-chips across Stellantis’ future vehicle lineup, covering cockpit systems, connectivity, and advanced driver… Continue reading Qualcomm soars 12% as Stellantis deepens AI vehicle partnership

Shares of IMAX jumped 16% on Friday after a report from The Wall Street Journal said the company is exploring a potential sale and has approached entertainment companies as possible buyers, fueling speculation that the premium cinema technology company could become an acquisition target for major media and technology firms. According to people familiar with… Continue reading Could Apple, Netflix or Amazon buy IMAX? shares rally 16%