Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors.
Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.
NIO Inc. (NYSE: NIO) shares are trading higher Thursday. The company's charging network now reportedly includes SAIC Motor Corp's EV unit IM Motors as Nio continues to strengthen its presence in China's electric vehicle market.
BofA Securities reiterates a Buy rating on VIK, with a price target of $35. Analyst Andrew G. Didora highlights VIK's strong 1Q24 results, with EBITDA of $(4.4)M surpassing expectations.
Shares of American Eagle Outfitters, Inc. (NYSE:AEO) fell during Thursday’s session following first-quarter results. American Eagle Outfitters reported…
Marvell Technology, Inc (NASDAQ: MRVL) was moving slightly higher on Thursday ahead of its first-quarter earnings print set to take place after the market closes.