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Shares of Nuvalent surged more than 22% to reach an all-time high after the biopharmaceutical company revealed positive data on two experimental cancer treatments with favorable tolerability. Bausch + Lomb also saw a 13.9% rally following reports of a potential sale. Alcoa’s stock jumped over 7% as the company agreed to sell its stake in a joint venture for approximately $1.1 billion. Intel’s semiconductor shares rose 2.6% after qualifying for up to $3.5 billion in grants to produce chips for the Pentagon. On the other hand, Upstart Holdings experienced a 5% decline after announcing a new debt offering. Micron Technology saw a drop of more than 5% following a price target cut from Morgan Stanley. Sprouts Farmers Market received an upgrade to outperform, leading to a nearly 5% increase in its share price. Trump Media & Technology shares dipped over 3% despite previous gains, while Apple shares fell 3% due to reports of sluggish iPhone demand. Zillow’s shares rose over 4%, reaching a new 52-week high, after being upgraded by Wedbush. Yelp shares decreased by 4% after Bank of America initiated coverage with an underperform rating.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.