Stock Market News — page 28

Canadian equities and the Canadian dollar gained after reports of a U.S.-Iran peace agreement framework, adding to momentum from late last week.

Markets reacted to reports of a U.S.-Iran deal with a broad risk-on move in equities and a notable decline in European wheat futures.

Redcare Pharmacy said trading in the first two months of the second quarter came in stronger than expected, prompting an increase to its full-year 2026 outlook.

U.S. stocks rallied and major grain futures fell after reports of a U.S.-Iran deal, with traders reacting to the easing of geopolitical concerns and shifting commodity prices.

Rocket Lab shares recovered after a recent slide tied to SpaceX listing concerns, with one analyst arguing the weakness in the stock was not justified.

Bio-Techne shares rose after activist investor Ananym Capital disclosed a stake and called on the company to consider strategic alternatives, including a possible sale.

Salesforce said it has signed a definitive agreement to acquire Fin, an AI customer agent platform formerly known as Intercom, for roughly $3.6 billion.

American Express said it plans to acquire TheFork from Tripadvisor for $700 million, a move that lifted both American Express and Tripadvisor shares in pre-market trading.

Stocks rallied across parts of Asia and beyond after a US-Iran peace deal eased fears of further disruption and raised hopes of relief for energy markets and the wider economy.

Woodside said it is not aware of any proposal and is not in discussions with Exxon Mobil, pushing back against reports of a possible transaction.

Asian equities, bitcoin, gold and oil all moved sharply after reports of a U.S.-Iran peace deal eased geopolitical तनाव and improved risk sentiment.

Sigma Healthcare said it has withdrawn from preliminary discussions over a potential sale process involving The Boots Group, with its shares rising after the announcement.

Analysts see recent volatility as a chance to buy quality names at better prices even as major U.S. indexes hit records and broader market concerns rise.

Recent analyst commentary highlighted a rare double-upgrade for Intel and renewed attention on AI-related private companies including SpaceX, Anthropic and OpenAI.

New estimates suggest a 2027 Social Security cost-of-living adjustment of 3.8%, while separate reports highlight how future benefit changes could affect maximum and average payments.

SpaceX’s historic public debut has triggered a fresh debate over Wall Street’s most familiar tech-stock shorthand, after the company opened with record-setting scale and a smooth first outing.

Shares of space-related companies slumped as a recent rally eased, with AST SpaceMobile among the names hit after SpaceX’s market debut helped trigger a broader shakeout.

U.S. equities ended the session higher, led by a 0.70% gain in the Dow, while SpaceX’s trading debut attracted attention after shares opened above the IPO price and lifted its valuation past $2.2 trillion.

SpaceX has entered public markets in a landmark listing, but CNBC reported the S&P 500 will not include the stock, limiting automatic index-fund exposure.

SpaceX began trading at $135 per share in a record-setting IPO and drew strong first-day gains as Gwynne Shotwell addressed long-running doubts about taking the company public.

Research firm CFRA turned bearish on SpaceX, saying the reusable Starship program could slow progress across parts of the company’s business.

Reports said SpaceX priced its Nasdaq debut at $135, traded above $160 in early action and drew fresh demand through a tokenized IPO campaign on Binance.

SpaceX shares jumped on their market debut, lifting the company’s valuation above $2 trillion and pushing Elon Musk’s fortune higher, according to reports.