In the world of finance, the stock market is always a hot topic. Today, the market opened lower, but there are some interesting developments to keep an eye on.
General Motors shares are on the rise after announcing a new $6 billion buyback plan. This news has investors excited about the potential for growth in the company.
Barclays is also optimistic about the market, stating that stocks are likely to continue to grind higher. The bank believes that equities have room to rise, especially after a recent market rally.
On the healthcare front, Eli Lilly shares are soaring after their Alzheimer’s drug cleared a regulatory hurdle. This news is a positive sign for the company and its investors.
However, not all news is positive. Tesla CEO Elon Musk has threatened to ban Apple devices from his companies amid a partnership with OpenAI. This development could have implications for both companies moving forward.
Overall, the stock market is still showing signs of strength, with the S&P 500 remaining more than 12% above its key moving average. This is a positive sign for investors, but caution is still advised.
In extended trading, DXC Technology saw a rise in its stock price after reports of a joint bid from Apollo Global and Kyndryl Holdings. This news could have a significant impact on the IT company’s future.
As we look ahead, stock futures are relatively unchanged, with Dow futures slipping slightly and S&P 500 and Nasdaq 100 futures trading near their flatlines. It will be interesting to see how these developments play out in the coming days.
