U.S. equities slipped after the Labor Department reported 162,000 new jobs in August, pushing expectations for a Federal Reserve rate increase higher.
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Shein's Hong Kong listing saw its stock slip up to 10% in early trade, valuing the company at about $26 billion—roughly a quarter of its earlier estimate.
U.S. missile strikes on Iranian rocket launchers sent U.S. stock futures lower, while Wall Street prepares to close August with a string of monthly gains.
Microsoft shares sit at $515.39, up 2.05%, as Investor's Business Daily flags a 98/99 composite rating and a consolidation pattern near a 513.73 entry level.
After more than 900 million shares became eligible for sale, SpaceX’s stock rose about 16%, suggesting investors mis‑gauged the impact of the first lock‑up release.
Following its IPO, SpaceX stock is now in a 'faith phase' as analysts weigh ambitious future goals against current market performance. The stock saw a nearly 7% drop.
Asia-Pacific markets broadly rose in afternoon trade Friday, reversing earlier losses as investors shifted focus away from technology stocks. South Korea's Kospi saw a significant advance.
U.S. stock futures turned negative on Thursday, erasing earlier gains as investors anticipated the release of the June jobs report. The market also reacted to a significant drop in the semiconductor sector.
Meta Platforms' reported exploration into a cloud infrastructure business offering AI computing power and models led to significant stock drops for major AI infrastructure and semiconductor companies on Wednesday.
Intel Corporation's stock has seen significant gains this year, driven by optimism surrounding artificial intelligence and the company's early-stage work in quantum computing, which aligns with recent U.S. government initiatives.