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US Stocks Mixed: Financials’ Gains, Technology Losses

On Tuesday’s market closed, June 1, the US stocks got mixed as the shares in Oil & Gas, Basic Materials, and Financials sectors led the gains while the losses were led by Healthcare, Utilities, and Technology sectors. At the close in New York Stock Exchange, the benchmark Dow Jones Industrial Average smashed 0.13%. On the …

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Asia Pacific Stocks Crashed Across China’s Mixed Data

On Monday, May 31, Asia Pacific stocks mainly were down over China’s manufacturing Purchasing Managers’ Index (PMI) plunged to 51.0 from 51.1 last month. PMI indications over 50 constitute expansion, while readings below that level represent contraction. Due to this reading, investors are now digesting the possibility of a falloff in the Chinese economic recovery …

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Salesforce Shares Spiked 5%, Surpassing Analysts’ Prediction

On Thursday, May 27, Salesforce shares spiked 5.4% to $238 in extended trading following the release of its earnings and guidance, which surpassed analysts’ predictions. Salesforce.com, Inc. is a cloud software maker, and it provides relationship management services like customer services and app development. Over a year, the company’s revenue hiked 23% in the fiscal …

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Nvidia Earnings Report, 84% Sales Growth vs. Last Year

On Wednesday, May 26, Nvidia posted its earnings report. The company has a sales growth rate of 84% in comparison to last year. The company smashed various quarterly sales records and forecast revenue growth for about $1 billion over Wall Street’s estimation for the latest quarter. This happened as the data-center chip firm is facing …

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Sony Plans to Invest ¥2T, Discord to Merge with Play Station

On Wednesday, May 26, Sony Group said it would invest ¥2 trillion ($18.39 billion) for the next three years. It also partnered with Discord to merge with PlayStation in 2022. In a statement, the firm said that it would boost its investments on mobile and online platforms. It has a vision of broadening its consumers …

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Samsung Biologics Shares Spiked After Moderna Vaccine Deal

On Monday, May 24, Samsung Biologics shares spiked. This was a result of an announcement of its partnership with Moderna. The company will help manufacture the mRNA-1273 COVID-19 vaccine at its facility in Incheon, South Korea. Moderna Inc. is a biotechnology company that is a pioneer in producing messenger RNA (mRNA) therapeutics and vaccines based …

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Robinhood IPO Shares, Now Open for Retail Investors

Robinhood IPO shares are now open for access to amateur investors as the company’s latest move in democratizing retail investing. The firm is a stock trading application set off to be a household name and media mainstream in 2020. It provides a commission-free trading platform for stocks, exchange-traded funds, options, American depository receipts, and cryptocurrencies. …

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