Breaking News: Markets
3 forces driving a record week for stocks as 7 portfolio names hit new highs
It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last […]
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Stocks making the biggest moves midday: Nike, Uber, Newmont, Trade Desk and more
Check out the companies making headlines in midday trading Nike — Shares of the sneaker giant jumped about 17% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, […]
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Nvidia heads for 5-day win streak as it hits record highs
Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Gonzalo Fuentes | Reuters Nvidia stock rose for a fifth consecutive day Friday as the chipmaker hovered near fresh highs and investors shook off China concerns. The […]
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Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows
People shop at a store in Manhattan on April 30, 2025 in New York City. Spencer Platt | Getty Images Prices that consumers pay rose slightly in May, while the annual inflation rate moved further away from the Federal Reserve’s target, according to a Commerce Department report Friday. The personal consumption expenditures price index, the […]
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Stocks making the biggest moves premarket: Nike, Core Scientific, Pony.ai and more
Check out the companies making headlines before the bell. Nike — Shares of the sneaker giant jumped 10% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, and […]
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China, U.S. confirm details of their trade deal, Beijing says
China’s Ministry of Commerce in Beijing. Visual China Group | Getty Images The U.S. and China have confirmed details of a trade framework that seeks to allow rare earth exports and easing of tech restrictions, according to a statement released by China’s Ministry of Commerce Friday afternoon. China will review and approve export applications for […]
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European stocks extend gains after White House hints at tariffs extension
Autos stocks rise A Porsche at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC European autos stocks notched gains during early trade on Friday, as investors reacted to the White House saying the looming deadline for country-specific tariffs to come into effect was “not critical” and “could be extended.” […]
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Why fund managers are loading up on defense stocks
Fund managers are getting more bullish on defense stocks, with recent conflicts in the Middle East, the Indian subcontinent as well as NATO allies’ pledges to raise defense spending boosting prospects of the arms industry. The sector has seen robust gains this year and analysts suggest the interest in defense will grow further. The MSCI […]
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China’s industrial profits plunge 9.1%, steepest fall in seven months
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images China’s industrial profits plunged 9.1% in May from a year earlier, in the latest sign that Beijing’s stimulus efforts are falling […]
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