24 minutes ago
Eli Lilly shares after Alzheimer’s drug clears regulatory hurdle
48 minutes ago
Elon Musk threatens to ban Apple devices from his companies over OpenAI partnership
Tesla CEO Elon Musk on Monday threatened to ban Apple devices from his companies after the iPhone maker announced it had reached a deal with OpenAI.
“If Apple integrates OpenAI at the operating system level, then Apple devices will be banned from my companies. This is an unacceptable security violation,” Musk said in an article on X.
Apple told CNBC that the company uses its own AI, adding that its integration with OpenAI is an optional feature.
Apple shares were down slightly in premarket trading. Tesla shares were flat.
—Fred Imbert, Ashley Capoot
11 hours ago
S&P 500 still more than 12% above key moving average, says BTIG
The S&P 500 is still more than 12% above its 200-day moving average, and that’s a level above which the index historically cannot stay for long, according to BTIG.
This figure calculates the average close of the S&P 500 over the last 200 sessions. The broad index trading above this level generally means it is considered to be in an uptrend.
As it currently sits well above the 200-day average, the S&P 500 could theoretically decline without falling below this key level. The S&P 500 hit a new closing record Monday, bringing its year-to-date gain to 12.4%.
“It’s not a sell signal per se, but historically it doesn’t spend a lot of time above that threshold,” Jonathan Krinsky, chief market technician, told clients. “We remain tactically cautious here, while finding opportunistic ideas on a single name.”
-Alex Harring
12 hours ago
DXC rises following Reuters report on Apollo and Kyndryl bid
Information technology stock DXC Technology rose nearly 4% in extended trading after Reuters reported a joint bid from Apollo Global and Kyndryl Holdings.
The companies have reportedly talked about offering between $22 and $25 per share for DXC, according to Reuters. Shares of Apollo were little changed in after-hours trading, while Kyndryl slipped more than 1%.
-Alex Harring
12 hours ago
Stock futures little changed
Stock futures were almost flat shortly after 6 p.m. ET.
Dow futures slipped nearly 0.1%. S&P 500 and Nasdaq 100 futures traded just below their stable lines.
-Alex Harring
News Source : www.cnbc.com
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