Friday’s Biggest Stock Market Stories: Morning News Wrap-Up!
Markets surge as traditional finance finally catches up to crypto's 24/7 trading model—just a decade late.
Tech Titans Lead Rally
Mega-caps push indices higher while quietly exploring blockchain settlements behind closed doors. Old money meets new infrastructure.
Regulatory Whiplash
Watchdogs scramble to draft frameworks for assets they still don't understand. Meanwhile, DeFi protocols process billions without asking permission.
Institutional FOMO Accelerates
Hedge funds pile into crypto ETFs after dismissing the space for years. Because nothing says conviction like buying at all-time highs.
Retail Traders Get Squeezed
Main Street investors chase pumps while algorithms front-run their orders. Some things never change—whether trading stocks or shitcoins.
Traditional finance's biggest innovation this week? Adding 'digital asset' to their marketing materials while still settling trades through 1970s infrastructure.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- AGM Group (AGMH) rocketed higher after it restated previous news about a subsidiary sale.
- Tesla (TSLA) stock rallied alongside an analyst upgrade.
- Scholastic (SCHL) stock took a beating after it failed to meet Wall Street’s estimates.
- Reviva Pharmaceuticals (RVPH) stock fell hard after the company priced shares in a public offering.
- Apollo Global Management (APO) stock rallied on reports of a $2.9 billion Spanish football bid.
- The Dow Jones Industrial Average (DJIA) was up on updated tariff talks between the U.S. and China.
- The S&P 500 (SPX) also jumped alongside the U.S. and China trade talks.
- United Parcel Service (UPS) stock fell after it was hit with an analyst downgrade.
- Apple (AAPL) was in the news alongside reports that OpenAI is hiring experts from the company.
- Apple stock also gained after CEO Tim Cook said its iPhone 17 price hike wasn’t tied to tariffs.
- Apple stock saw another positive as JPMorgan noted strong demand for its new iPhones.
- Hess Midstream Partners (HESM) stock dove following a guidance update.
- Meta Platforms (META) stock slipped despite a reiterated bullish rating for the shares.
- Intuit (INTU) stock rose alongside hopes that its use of AI will help boost revenue.
- Micron (MU) stock was on the move as it received new price targets ahead of its earnings report.
- Advanced Micro Devices (AMD) stock slipped despite praise from a top analyst.
- Abercrombie & Fitch (ANF) stock climbed alongside new analyst coverage.
- Home Depot (HD) stock slipped on reports that Immigration and Customs Enforcement (ICE) has targeted its parking lots.
- Starbucks (SBUX) stock rose after the company responded to complaints about its dress code.
- Roblox (RBLX) stock was up despite Epic Games copying its business model for Fortnite.
Read more of the top stock market stories at TipRanks.
