In a day of dramatic shifts, Freeport-McMoRan's stock tumbled 17% after a grim sales forecast, while Intel shares surged 6.4% amid positive industry news. Find out what’s driving these market trends.
Shares of Warner Bros. Discovery soared 29% following news of a potential takeover bid by Paramount Skydance, contributing to a record day for the S&P 500. Meanwhile, Oracle faced a setback despite a recent surge.
Wall Street's main indexes hit record highs, buoyed by strong performances from Tesla and Micron Technology. With inflation rising and jobless claims at a four-year high, traders anticipate a Federal Reserve interest rate cut next week.