Wall Street drifts lower as oil prices jump and US manufacturing slumps
By STAN CHOE, AP Business Writer
NEW YORK (AP) — U.S. stocks are drifting on Monday following some discouraging updates on U.S. manufacturing, the area of the economy that President Donald Trump is trying to revive through his trade war and tariffs.
The S&P 500 was 0.3% lower in midday trading.
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Read MoreLive Nasdaq Composite: Tech, Steel Bright Spots in Tariff-Ridden Markets
Investing
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The markets are mixed out of the gate,
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Read MoreDay-Trading Grandpa Denied High Court Look at Short-Swing Harm
A Microbot Medical Inc. investor won’t be able to take his defense against short-swing trading claims to the US Supreme Court, according to an order Monday.
Octogenarian day trader Joseph Mona sought review of a US Court of Appeals for the Second Circuit decision that affirmed judgment in favor of Microbot and a disgorgement award of more than $480,000.
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Read MoreAre Options Traders Betting on a Big Move in Merck Stock?
Investors in Merck & Co., Inc. MRK need to pay close attention to the stock based on moves in the options market lately. That is because the June 20, 2025 $55.00 Call had some of the highest implied …
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Read MoreSmall-cap stock below ₹100: Balaxi Pharma share price jumps 10% after Q4 results 2025
Shares of Balaxi Pharmaceuticals witnessed a sharp surge on Monday, June 2, even as the company reported a weaker set of numbers for the quarter ended March 2025 (Q4 FY25). The stock, which belongs to the small-cap category and trades below ₹100, jumped as much as 14.5 percent during intra-day trade to hit a high of ₹57.24 on the NSE.
The Burst
Nvidia’s Stock Split, What Most Investors Are Missing
Almost exactly a year ago, Nvidia executed its sixth stock split since going public back in 1999, a 10-for-1 move that slashed its share price and gave investors a psychological boost.
Six months later, Nvidia stock marched to fresh all-time highs, fueled by a tidal wave of interest in AI and semiconductor innovation.
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Read MoreThe Ivy
Why This Stock Could Be a Dividend Powerhouse for the Next Decade
Brookfield Renewable (NYSE: BEPC, BEP) doesn’t just participate in the energy transition but profits from it in ways few investors fully appreciate.
While many renewable stocks have stumbled in the face of rising rates and public market disinterest, Brookfield’s long-term game plan is quietly delivering results. One of the clearest signs? The dividend streak is 10 years.
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Read MoreThe Spotlight
2 Recession-Proof Stocks to Beat the 2025 Slowdown
While many economists and investors initially expected 2025 to be another good year, the outlook in America has soured rapidly as steep tariffs and a softer labor market appear set to increase prices and curtail growth.
Recently, JPMorgan Chase analysts raised their predicted recession risk for the year from 30% to 40% due largely to America’s emerging trade wars.
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