Q2

Live Updates Live Coverage Has Ended IPO Soars 12:56 pm by Gerelyn Terzo The markets embraced healthcare newcomer Caris Life Sciences (Nasdaq: CAI) today, marking its debut on the Nasdaq. After pricing its initial public offering at $21 per share, Caris Life skyrocketed, rising over 32% to hit $27.85 per share. The company is at the forefront of medical innovation, harnessing AI algorithms in blood tests to diagnose early detection of diseases like breast cancer. The SPY ETF is now up 0.35%. Rising Stocks 11:23 am by Gerelyn Terzo Hasbro (Nasdaq: HAS) shares are up 1.3% today. The toymaker is undertaking a restructuring, resulting in the layoff of 3% of its workforce, a move attributed to the impact of tariffs. Circle (NYSE: CRCL) is surging 16% today, buoyed by the passage of stablecoin-friendly legislation in Congress. Magnificent 7 stock Amazon (Nasdaq: AMZN) is up 0.88% after CEO Andy Jassy projected that artificial intelligence will reshape the corporate workforce in the not-too-distant future, as the e-commerce titan increasingly leans on technology. Housing Market Teetering 10:20 am by Gerelyn Terzo Cracks are increasingly beginning to show in the U.S. housing market. New home construction activity tumbled last month, with housing starts plummeting by nearly 10% to their lowest level in five years. New home construction declined by 9.8% to an annualized rate of 1.26 million starts, reflecting a softening in demand from homebuyers. Looking ahead, a potential harbinger of future activity, building permits also slipped, falling 2% from April levels to a pace of 1.39 million. The SPY ETF has widened its lead to a 0.51% gain. This article will be updated throughout the day, so check back often for more daily updates. The markets are managing gains even as Middle East tensions mount and the geopolitical net potentially draws in the U.S. Indeed, stocks are largely holding their ground ahead of the Federal Reserve’s looming decision on interest rates. As President Trump assesses his strategy, the price of oil has surged to levels not seen in months, now hovering above $73 per barrel. Encouragingly, most sectors of the economy are seeing gains this morning, and the S&P 500 is within striking distance (less than 3%) of its latest all-time high. Today, the SPDR S&P 500 ETF (SPY) is up 0.32%. The Fed’s latest decision on interest rates is expected this afternoon, and the prevailing sentiment is that policymakers will leave rates unchanged, much to President Trump’s disliking. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 113.94 (+0.28%) Nasdaq Composite: Up 83.12 (+0.43%) S&P 500: Up 21.75 (+0.36%) Winners & Losers JPMorgan is casting a favorable eye on fintech stocks, which are rivals to traditional financial institutions. The analyst firm has highlighted Q2 Holdings (NYSE: QTWO), nCino (Nasdaq: NCNO), and Alkami (Nasdaq: ALKT), adding them to a list of companies poised to capitalize on the digital banking revolution. JPMorgan is labeling the sector an “attractive investment arena.” All three of these names are posting gains today. Meanwhile, Solar Stocks like Enphase Energy (Nasdaq: ENPH) and First Solar (Nasdaq: FSLR) are facing headwinds. They’re under pressure following efforts in Washington, D.C. to potentially strip out a renewable energy tax credit from the upcoming tax bill. The post S&P 500 (NYSEARCA: SPY) Live: Markets Withstand Unrelenting Mideast Pressure, Rate Decision appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

Live Updates Live Coverage Updates appear automatically as they are published. Today's IPO Receives Warm Welcome 12:53 pm by Gerelyn Terzo The markets rolled out the welcome mat for healthcare stock Caris Life Sciences (Nasdaq: CAI) today, which makes its debut on the Nasdaq. After pricing the IPO at $21 per share, Caris Life has climbed over 32% to $27.85 per share. Caris Life uses AI algorithms in blood tests to diagnose early detection of diseases like breast cancer. The Nasdaq Composite is up 0.47%. Market Gainers 11:17 am by Gerelyn Terzo Hasbro (Nasdaq: HAS) stock is up 1.3% today. The toymaker announced a restructuring in which it is laying off 3% of its workforce due to the impact of the tariffs. Circle (NYSE: CRCL) is soaring 16% today on the heels of stablecoin-friendly legislation that was passed by Congress. Amazon (Nasdaq: AMZN) is up 0.88% today after CEO Andy Jassy forecast that AI would replace more of the corporate workforce in the not-too-distant future as the e-commerce giant ramps up its dependance on technology. Housing Market Weakness 9:52 am by Gerelyn Terzo Housing starts, which reflect the level of new home construction activity, sank by close to 10% last month to their worst level since the pandemic era. New home construction fell 9.8% to 1.26 million starts in response to waning demand from homebuyers. In a sign of things to come, building permits almost moved lower, falling 2% vs. April levels to a pace of 1.39 million. The Nasdaq Composite remains in the green, rising 0.14%. This article will be updated throughout the day, so check back often for more daily updates. The markets continue to put on a brave face even as Middle East tensions escalate and the net widens to potentially involve the U.S. Stocks are holding their own ahead of the Fed’s decision on interest rates. The major stock market averages, including the Nasdaq Composite, are showing little direction amid an uncertain backdrop. While President Trump is strategizing his next move, the price of oil has soared to multi-month highs to hover above $73 per barrel. Most sectors of the economy are trading higher this morning. Despite the market volatility and geopolitical headwinds, the broader market (S&P 500 index) is within a stone’s throw – 2.6% – of fresh all-time high levels. The Fed’s decision on interest rates is imminent, and the markets appear to have priced in the likelihood that rates will remain unchanged. A decision is expected by mid-afternoon. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 54.67 (+0.13%) Nasdaq Composite: Up 8.08 (+0.04%) S&P 500: Up 4.68 (+0.08%) Market Movers JPMorgan is bullish on fintech stocks, which incidentally serve as competition to traditional financial institutions. The analyst firm has added Q2 Holdings (NYSE: QTWO), nCino (Nasdaq: NCNO) and Alkami (Nasdaq: ALKT) to its list of stock that are poised to benefit from the digital banking era, calling the sector an “attractive investment arena.” All three of these stocks are rising higher today. Solar Stocks like Enphase Energy (Nasdaq: ENPH) and First Solar (Nasdaq: FSLR) are under pressure due to a push in Washington, D.C. to remove a renewable energy tax credit in the new tax bill. The post Live Nasdaq Composite: Markets Hold Steady on Fed Day as Mideast Tensions Boil appeared first on 24/7 Wall St..» Mehr auf 247wallst.com

JPMorgan analyst Ella Smith initiated coverage on Q2 Holdings QTWO and nCino NCNO and assumed lead analyst coverage of Alkami Technology ALKT on Wednesday.» Mehr auf benzinga.com