Apple leads Wall Street toward more records as oil prices pull back
NEW YORK (AP) — The U.S. stock market is rising toward more records Friday after Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts expected. Easing oil prices also helped steady the stock markets around the world that were still open on the May Day holiday.
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Read MoreWhy the S&P 500 and Nasdaq Hit Record Highs While the Dow Fell Today
Key Points
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The S&P 500 and Nasdaq 100 hit fresh records Friday morning; the Dow turned negative by midday.
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Apple’s 4.5% post-earnings jump is carrying the tech-heavy indexes; Amgen’s 5.7% drop is dragging on the Dow.
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New tariff headlines and falling oil prices added volatility,
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Read MoreInstitutional demand to drive bitcoin market cap to $16 trillion by 2030: Ark Invest
Bitcoin , the largest cryptocurrency, is set to surge in the next four years, propelling its market capitalization to $16 trillion by 2030, Ark Invest said in its annual research report, Big Ideas.
Read MoreEthereum ETFs Shed $184M Over 4-Day Negative Streak
Ethereum exchange-traded funds extended their losing streak to four days on Thursday, shedding nearly $184 million as geopolitical uncertainty offset record highs in U.S. stocks.
The outflows accelerated on April 29, when Ethereum ETFs posted $87.7 million in net redemptions, the largest single-day exit since March 26,
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Read MoreTrump Slaps 25% Tariffs on European Cars, Trade War Heats Up Again
President Donald Trump announced he will raise tariffs on European Union cars and trucks to 25%,
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Read MoreThe Burst
Is Lululemon Losing Its Shine, or Just Catching Its Breath?
When an apparel brand starts showing signs of stress, sales sliding, margins crumbling, losses mounting, the Street doesn’t hesitate to slap the “dying business” label on it.
That’s why it might surprise some investors that Lululemon doesn’t actually fit that description right now. In Q2, sales rose, margins held within historical ranges, and earnings only marginally dipped.
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Read MoreThe Ivy
Ken Griffin’s Big Trim in Palantir
In the second quarter of 2025, Ken Griffin’s Citadel Advisors sharply reduced its holding in Palantir Technologies, selling nearly half of its position.
The move raised about $75 million in cash and followed a familiar pattern for Griffin, who has been building and trimming his Palantir stake in waves since 2021.
This latest sale has investors wondering: why would one of Wall Street’s most sophisticated fund managers cut exposure to a stock riding the artificial intelligence boom?
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Read MoreThe Spotlight
Is Target Stock a Hidden Gem for Patient Value Investors?
Target (NYSE: TGT) hasn’t had the best run lately. In fact, shares have slid 29.9% so far this year, a sharp contrast to the broader market, with the S&P 500 flat on the year. It’s a tough pill to swallow, especially when you consider Target was already on the back foot coming into 2025.
But here’s the twist,
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