Flash News

TREE NEWS update: Ripple-backed XRP treasury company Evernorth completed its business combination with SPAC Armada Acquisition Corp. II on October 9, bringing roughly 473 million XRP and $300 million in cash proceeds to the public market. The company is expected to begin trading on Nasdaq under the ticker XRPN next Monday.

TREE NEWS update: Ripple-backed XRP treasury company Evernorth completed its business combination with SPAC Armada Acquisition Corp. II on October 9, bringing roughly 473 million XRP and $300 million in cash proceeds to the public market. Evernorth expects to begin trading on Nasdaq under the ticker XRPN next Monday.

TREE NEWS update: Micron Technology’s board approved expanding its share repurchase program, raising the maximum amount of common stock it may buy back at its discretion to $35.16 billion effective Dec. 9. The company had previously authorized a $10 billion buyback, of which about $2.2 billion remained unused. Micron shares fell 1% on Friday but are up roughly 260% year to date.

TREE NEWS reports: Brazil’s small-cap stock index rose 20% this week, its best weekly performance on record, while the benchmark Ibovespa gained 8.8% over the same period. The small-cap gauge’s advance far outpaced the broader Brazilian market’s move for the week.

TREE NEWS reports: Gold ETFs closed up 1.57% on Friday, October 9, leading gains among major US asset-class ETFs. US real estate ETFs rose 1.45% and emerging-market ETFs added 1.06%, while Dow, convertible bond, S&P 500, Brent oil, soybean, Nasdaq 100, 20+ year Treasury and long-dollar ETFs gained as much as 0.87%. Agricultural funds, investment-grade corporate bond ETFs and long-euro ETFs fell as much as 0.12%, with long-yen down 0.26% and long-VIX down 1.45%.

TREE NEWS reports: US sector ETFs closed broadly higher on Friday, October 9, with the biotech index ETF up 3% and the internet stock ETF up 2.15%. The technology sector ETF added 0.51%, while energy fell 0.25% and semiconductors dropped 0.65%. Banking and regional banking ETFs slipped as much as 0.83%.

TREE NEWS reports: All 11 S&P 500 sectors closed broadly higher, with real estate, consumer discretionary and health care gaining as much as 1.88%. Information technology rose 0.36%, while energy slipped 0.18% and telecom fell 0.4%.

TREE NEWS reports: T-Mobile US shares closed 13% lower, the carrier’s steepest one-day decline since 2013. AT&T fell 9.9% in the same session, its biggest single-day drop since 2023, as the two US telecom stocks sold off together.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index rose 1.20% on Friday, October 9, closing at 3,167.91 points. The gauge gained 0.66% over the week, with a sharp advance on October 6 followed by sustained declines on October 7 and 8.

TREE NEWS reports: US stocks closed higher, with the Dow up 0.85%, the Nasdaq up 0.29% and the S&P 500 up 0.49%. Among crypto-linked names, Coinbase (COIN) rose 5.90% and Circle (CRCL) gained 5.34%, while MARA fell 3.32%. Amazon (AMZN) added 3.20%, Block (XYZ) rose 2.93% and Intel (INTC) dropped 2.31%.

TREE NEWS reports: The S&P 500 rose about 1.2% for the week while the Dow gained roughly 1% and the Nasdaq 100 added about 0.2%. The semiconductor index fell some 4.3% and the memory-chip index dropped 7.9%, while the Magnificent Seven tech index rose 1.2%. On Friday, Moderna closed up 13.8%, Datadog 7.2% and Lumentum 5.4%, with T-Mobile, Arm and Comcast down as much as 13.5%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed up 2.7% on Friday, holding near session highs for most of the day and finishing the week with a 4.3% gain. Among Chinese ADRs, Xiaomi’s ADR closed up 9.9%, NetEase Youdao rose 7.8%, WeRide and 21Vianet gained about 6.7%, Kingsoft Cloud added 6%, Alibaba rose 5.4%, BYD gained 4.1% and Pinduoduo advanced 3.9%.

TREE NEWS reports: In the week ended October 6, equity fund managers raised their net long position in CME S&P 500 futures by 3,101 contracts to 904,356. Speculators increased their net short position in the same contract by 41,003 lots to 396,700. The figures cover positioning as of the week of October 6.

TREE NEWS reports: The Hang Seng Index closed its main night session up 0.71% at 24,363 points. The Hang Seng Tech Index also rose in the night session, closing up 0.74% at 4,221 points.

TREE NEWS reports: The S&P 500 extended its gain to 0.7%, setting a fresh intraday high. Real estate and consumer discretionary sectors led with gains of more than 1%, while energy slipped 0.1%.

TREE NEWS update: Samsung Electronics and Pictiva Displays International Ltd. have settled a patent dispute over OLED technology. The two companies notified the US District Court for the Eastern District of Texas on Thursday that they had resolved two lawsuits and asked the court to dismiss them.

TREE NEWS reports: Goldman Sachs strategists led by Sharon Bell said further upside for UK equities depends on defense orders materializing and new, fully funded increases in defense spending. The UK government’s Defense Investment Plan confirms a supportive structural backdrop for the sector, benefiting UK companies in nuclear, combat aviation, maritime defense, weapons systems and defense electronics. A credible, funded path to defense spending of 3% of GDP is needed for a more meaningful market catalyst.

TREE NEWS reports: Deere & Co. shares widened their decline to 2.4%, with the drop accelerating during the session. The move marks a sharp intraday pullback for the agricultural machinery maker. No further details on the cause of the slide were immediately available.

TREE NEWS reports: Affluent investors are buying crypto faster than their financial advisers are recommending it, leaving a gap between client demand and adviser conviction. OKX attracted new funding, and Strategy shifted more capital toward preferred stock buybacks.

TREE NEWS reports: Wealthy investors are buying crypto assets at a faster pace than financial advisors recommend, creating a gap between client demand and advisor conviction. OKX has attracted new funds, and Strategy has directed more capital toward buying back preferred shares.