The FTSE 100 initially declined on Monday as renewed concerns over global trade tensions weighed on market sentiment before recovering late in the day.
Markets opened strong as bulls briefly pushed indexes into the green, triggering stop-outs in positions like XOP, COP, and MTDR—only to reverse sharply soon after in a classic intraday whipsaw.
Cybersecurity firm Zscaler will expand a partnership with Vectra AI to provide its customers with artificial intelligence-based threat detection tools over more cloud-based products.
Shares of automotive manufacturer General Motors (NYSE:GM)
fell 5.2% in the afternoon session after President Trump announced plans to double tariffs on steel and aluminum imports to 50%.
Shares of digital infrastructure provider Applied Digital (NASDAQ:APLD) jumped 51% in the afternoon session after it signed two long-term lease agreements for artificial intelligence data centers with Nvidia-backed AI hyperscaler CoreWeave. APLD is expected to deliver 250 megawatts (MW) of power for CoreWeave's AI and high-performance computing (HPC) infrastructure at its North Dakota data center campus.
The revamped VMware Tanzu CloudHealth platform has AI-powered tools that help in simplifying cloud cost analysis and driving smarter financial decision-making.
Zscaler Inc. (NASDAQ: ZS) shares are trading higher Monday on what appears to be continued momentum after the company posted better-than-expected fiscal third-quarter earnings and raised its full-year guidance last week.
The Dow Jones Industrial Average and S&P 500 Index are lower this afternoon, while the Nasdaq Composite Index sits flat, as U.S.-China trade tensions ramp up.
The Canadian Dollar (CAD) extends its winning streak against the US Dollar (USD) for a third consecutive day on Monday, supported by rising oil prices and sustained weakness in the Greenback.
In a study conducted in China, GFH375, also known as VS-7375 in the U.S., showed an overall response rate of 52% in patients with pancreatic ductal adenocarcinoma and 42% in those with non-small cell lung cancer.
Moderna, Inc. (NASDAQ:MRNA) shares are trading higher Monday after the company announced its new COVID-19 vaccine secured clearance from the U.S. Food and Drug Administration (FDA) for seniors and at-risk individuals.
Piper Sandler analyst initiates coverage on Aspen Insurance Holdings (AHL) with Overweight rating and $40 price forecast. Company's IPO on NYSE in May 2019 with improved profitability and growth expected.
Shares of Tesla Inc. (NASDAQ: TSLA) are trading lower Monday as the company faces growing pressure from Chinese electric vehicle competitors, which posted strong delivery numbers for May.
Burger restaurant chain Red Robin (NASDAQ:RRGB) fell short of the market’s revenue expectations in Q1 CY2025, with sales flat year on year at $392.4 million. Its non-GAAP profit of $0.19 per share was significantly above analysts’ consensus estimates.
After delivering its strongest monthly performance since November 2023, Wall Street entered June on a cautious note, with mounting geopolitical tensions and new trade tariffs clouding investor appetite for risk assets.
