Key Takeaways
- Major U.S. equities indexes were little changed in recent trading ahead of key corporate earnings and inflation data due later in the week.
- Intel shares surged following a report CEO Lip-Bu Tan is visiting the White House after President Trump called for his resignation last week.
- Rising cocoa prices on worries about West Africa supplies drove Hershey shares down.
Major U.S. equities indexes were little changed in recent trading ahead of key corporate earnings and inflation data due later in the week.
Albemarle (ALB) was the best-performing stock in the S&P 500 following reports a key Chinese lithium-ion battery maker suspended production at one of the largest mines in the world, sending lithium prices soaring.
Shares of Ultimate Fighting Championship (UFC) franchise owner TKO Group (TKO) moved higher after Paramount Skydance (PSKY) agreed to pay more than $7 billion to make the newly-created media giant the exclusive distributor of the UFC.
Intel (INTC) shares surged following a report CEO Lip-Bu Tan is visiting the White House after President Trump called for his resignation last week.
Tesla (TSLA) shares also advanced, extending gains Friday. The electric vehicle and battery manufacturer applied to British regulators to supply power to U.K. residents and businesses.
Shares of cryptocurrency trading platform Coinbase Global (COIN) and other crypto-related companies moved higher, along with the price of Bitcoin, which traded around its all-time high.
Hershey (HSY) shares tumbled as cocoa prices jumped amid concerns about forecasts of weaker crops in West Africa.
Shares of C3.ai (AI) plunged after the artificial intelligence software provider reported weak preliminary financial results, which CEO Thomas Siebel called “completely unacceptable.”
Oil futures climbed, while gold prices slumped. The yield on the 10-year Treasury note was lower. The U.S. dollar gained on the euro, pound, and yen.
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