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Latest Stock Market Updates

Tech Stocks Soar as Nasdaq Records Biggest Monthly Gain Since 2020

Key Points: The tech-heavy Nasdaq Composite jumped 15.29% in April, marking its best month since the start of the pandemic in April 2020. Alphabet shares climbed 34% for the month, scoring their best performance since the company went public in October 2004. Chipmaker Intel saw its stock double in value, recording the absolute strongest month in its 55-year corporate history. Strong earnings from Amazon, Microsoft,...

Microchip Technology Hits Record Stock High As New Factory Opens

Key Points: Microchip Technology stock reached a massive 52-week high of $92.26 after jumping 101.5% over the past year. The semiconductor giant opened a new 15,000-square-foot factory in Alabama to build advanced atomic clocks. Amble Electronics reported a massive first quarter with revenue climbing fivefold due to intense global memory chip shortages. Financial analysts expect Microchip to finally return to profitability when the company reports...

JPMorgan Chase Hires Chris Mihok to Lead Banking Sector Advisory Team

Key Points: JPMorgan Chase recruited Chris Mihok from Keefe, Bruyette & Woods to serve as a managing director for its financial institutions group. Mihok will officially start his new role in early July and report directly to North America bank leaders Clay Robinson and Andrew Spicehandler. The Wall Street giant recently advised British firm Schroders on its massive $13.4 billion sale to United States asset...