Today’s IPO Receives Warm Welcome
Live Blog Update #3 Published
The markets rolled out the welcome mat for healthcare stock Caris Life Sciences (Nasdaq: CAI) today, which makes its debut on the Nasdaq. After pricing the IPO at $21 per share, Caris Life has climbed over 32% to $27.85 per share. Caris Life uses AI algorithms in blood tests to diagnose early detection of diseases like breast cancer.
The Nasdaq Composite is up 0.47%.
All Updates from Live Coverage
Live
Hasbro (Nasdaq: HAS) stock is up 1.3% today. The toymaker announced a restructuring in which it is laying off 3% of its workforce due to the impact of the tariffs.
Circle (NYSE: CRCL) is soaring 16% today on the heels of stablecoin-friendly legislation that was passed by Congress.
Amazon (Nasdaq: AMZN) is up 0.88% today after CEO Andy Jassy forecast that AI would replace more of the corporate workforce in the not-too-distant future as the e-commerce giant ramps up its dependance on technology.
Live
Housing starts, which reflect the level of new home construction activity, sank by close to 10% last month to their worst level since the pandemic era. New home construction fell 9.8% to 1.26 million starts in response to waning demand from homebuyers. In a sign of things to come, building permits almost moved lower, falling 2% vs. April levels to a pace of 1.39 million.
The Nasdaq Composite remains in the green, rising 0.14%.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
Top Gaining Stocks
Top Losing Stocks