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Palantir Technologies and Dell Technologies saw significant gains in midday trading, with Palantir jumping 14% and Dell rising nearly 4% after the announcement that both Stocks would join the S&P 500 on Sept. 23. Summit Therapeutics also surged about 56% following the news that its lung cancer drug candidate outperformed Merck’s Keytruda in a phase three clinical trial, causing Merck shares to dip around 2%. JetBlue Airways experienced a 7% increase after an upgrade from Bank of America analyst Andrew Didora, who cited the airline’s revenue improvement strategies as a positive factor. Boeing’s stock rose over 3% after reaching a deal with a factory workers union. MarineMax shares also went up more than 4% after a Citi upgrade, attributing the increase to the Federal Reserve cutting Interest rates. Arm Holdings saw a 7% gain after reports that Apple would use Arm’s chip design in the iPhone 16. United States Steel saw a 5% increase following a JPMorgan upgrade, which highlighted a buying opportunity due to a recent pullback. Additionally, cannabis Stocks rose after former President Donald Trump expressed support for legalizing adult marijuana use in Florida. Tilray Brands, AdvisorShares Pure US Cannabis ETF, and Amplify Alternative Harvest ETF all saw significant increases.
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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.
