QXO shares fell more than 20% in July after closing major acquisition
Building products distributor QXO declined by over 20% during July, with the drop following the completion of a large acquisition and a rise in interest rates and oil prices.
Equities
Index-level moves, breadth, factor rotation and positioning in the stock market.
126 report(s) in the archive
Shopify, MercadoLibre Rally While Upstart Sheds 23% in July
Three consumer-facing internet and fintech names diverged sharply over the past month, with Shopify and MercadoLibre gaining and Upstart falling 23%.
Berkshire Hathaway ends 14-quarter run as a net seller of stocks
Berkshire Hathaway bought $23.5 billion of equities in the latest quarter, breaking a 14-quarter stretch as a net seller. Roughly $10 billion of that went into a single company at what was described as a privately negotiated price.
S&P 500 revenue growth running at nearly five-year high, led by energy
Second-quarter sales growth for the S&P 500 is at its highest level in almost five years, with energy companies in the index reporting a 42.5% revenue increase, according to MarketWatch.
Market Breadth Widens: Most Stocks Beating the S&P 500 for First Time in Four Years
The share of stocks outperforming the S&P 500 has reached its highest level in four years, signaling a rotation away from a handful of megacap leaders.
Inflation Data Set to Test Record US Stock Market and Fed Rate Expectations
Upcoming US consumer price data arrives with equity indexes at records and investors debating whether the Federal Reserve's next move is a cut, a hold, or a hike.
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