Markets News, May 16, 2025: S&P 500 Extends Winning Streak as Major Stock Indexes Post Big Gains for the Week; UnitedHealth Surges After Sell-Off

Traders work on the floor of the New York Stock Exchange (NYSE) on May 13, 2025 in New York City.
Traders wꦆorking on the floor of 🔴the New York Stock Exchange this week.

Spencer Platt / Getty Images

Stoౠcks closed solidly higher on Friday, pushing major indexes to big wಞeekly gains for the third time in the last four weeks.

The Dow Jones Industrial Average and S&P 500 rose 0.8% and 0.7%, respectively, while the Nasdaq Composite added 0.5%, as each of the indexes closed near their highs for the session. Stocks were coming off a mixed performance on Thursday, when the S&P 500 cl🐭osed higher for the fourth consecutive day, while the tech-heavy Nasdaq fell slightly to snap a six-session winning streak.

Investor sentiment got a huge boost at the start of the week when the U.S. and China announced they had decided to澳洲幸运5开奖号码历史查询: slash the massive tariffs they had imposed on one another for a period of 90 days while the two countries negotiate a broader trade deal. Meantime, several economic indicators released this week have added to confidence that the U.S. economy remains on sound footing, tho🌄ugh concerns 𓄧remain about the potential impact of tariffs on growth and corporate profits.

The Nasdaq gained 7.2% this week as investor enthusiasm for tech stocks has been rejuvenated alongside a growing appetite for risk. The S&P 500 was up 5.3% for the week, while the Dow tacked on 3.4%. Each of the major indexes turned in their best performance since the week of April 7, when President Donald Trump's decision to pause so-called "reciprocal" tariffs on leading trading partners sent stocks soaring after a sell-off in early April.

UnitedHealth Group (UNH) stock paced the S&P 500's move higher on Friday, rising more than 6% 澳洲幸运5开奖号码历史查询:after plunging 11% yesterday fo♚llowing reports ofꦇ a DOJ criminal investigation into the company's Medicare practices.

Mega-cap tech stocks were mixed on Friday. Tesla (TSLA) climbed 2% to cap off a week in which the EV maker's shares rose 17%. Alphabet (GOOG) advanced about 1%, while Microsoft (MSFT), Nvidia (NVDA) and Amazon (AMZN) inched higher. Chipmaker Broadcom (AVGO) fell nearly 2%, while Apple (AAPL) and Meta Platforms (META) were down slightly.,

Among other noteworthy tech sector movers, shares of server maker Super Micro Computer (SMCI), jumped 5% today, bringing the weekly gain to 44%. Shares of chip designer Advanced Micro Devices (AMD), which 澳洲幸运5开奖号码历史查询:had a good week on news of deals and an expanded share buyback program, rose nearly 2%. Applied Materials (AMAT) shares tumbled more than 5% to lead S&P 500 decliners after the chip equipment manufacturer posted 澳洲幸运5开奖号码历史查询:quarterly revenue beloꦏw Wall Street expecta♍tions amid a slump in China sales.

Novo Nordisk (NVO) shares dropped nearly 3% on 澳洲幸运5开奖号码历史查询:the surprise news that the CEO of t⛦he Danish pharmaceutical company, the maker of blockbuster weight-loss drugs Ozempic and Wegovy, is stepping down.

The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of loans, notably mortgages, was at 4.45% late Friday, rising from an earlier low of 4.39% as Moody's announced after the stock market closed that it had 澳洲幸运5开奖号码历史查询:downgraded the U.S. credit rating. The U.S. dollar index, which measures the performance of the d♈ollar against a basket of foreign currencies, was up 0.1% at 100.98.

Gold futures were down 0.7% at $3,205 an ounce, giving back most of yesterday's gains. West Texas Intermediate futures, the U.S. crude oil benchmark, rose 1.4% to $62.50 per barrel.

Bitcoin was at $103,600 in late-afternoon trading Friday, up from an overnight low of $102,700. The digital currency surged above $100,000 last week for the first time since February.

Biggest S&P 500 Movers on Friday

May 16, 2025 06:43 PM EDT

Advancers

  • UnitedHealth Group (UNH) shares soared 6.4%, logging the top daily performance in the S&P 500. The stock clawed back some of the heavy losses posted in the prior session amid reports that UnitedHealth's Medicare Advantage business was the 澳洲幸运5开奖号码历史查询:subject of a criminal probe. News of the investigation came on the heels of the insurance giant withdrawing its full-year guidance and announcing the departure of its CEO. Analysts suggested the company could face a costly legal settlement and may need to adjust its Medicare Advantage strategy.
Then-UnitedHealth CEO Andrew Witty testifies before the Senate Finance Committee on Capitol Hill on May 1, 2024 in Washington, DC.
Andrew W📖itty, who stepped down as UnitedHealth CEO this week, testifying last year at a Senate Finance Committee hearing.

Kent Nishimura / Getty Images

  • Moderna (MRNA) announced that it has administered the first dose in a Phase 1 trial of an experimental cancer therapy, signaling a step forward for the biotech firm's oncology portfolio. Moderna shares added 5.1%.
  • Shares of financial technology firm Fiserv (FI) also staged a partial recovery on Friday, bouncing 4.7% after sinking on Thursday. The volatility came after Fiserv's chief financial officer offered 澳洲幸运5开奖号码历史查询:lackluster growth projections for Clover, the company's point-of-sale platform.

Decliners

  • Semiconductor equipment manufacturer Applied Materials (AMAT) reported 澳洲幸运5开奖号码历史查询:lower-than-expected revenue for its fiscal second quarter, pressured by declining sales in China, which fell year-over-year for a third straight quarter. Although net income for the period topped estimates, Applied Materials shares tumbled 5.3%, losing the most of any S&P 500 stock on Friday.
  • First Solar (FSLR) shares fell 4.2%, reversing a portion of the gains posted by the stock this week as a Congressional proposal included an extension of certain solar tax credits. Before the selloff to close out the week, First Solar stock got a boost from analysts at Wolfe Research, who upgraded the stock to "outperform," citing the brighter outlook on tax credits.
  • Shares of chocolate and confectionery giant Hershey (HSY) slipped 2.4% after Piper Sandler reaffirmed its "underweight" rating on the stock. Analysts pointed to elevated prices for cocoa futures, noting that growing price sensitivity among consumers could affect Hershey's sales. According to Piper Sandler, the chocolatier could adopt a variety of cost-cutting or pricing measures as it seeks to address higher input costs.

-澳洲幸运5开奖号码历史查询:Michael Bromberg

Moody's Downgrades US Government Credit Rating

May 16, 2025 06:16 PM EDT

Moody’s ratings agency downgraded 🔯its previously top-notch rating of the U.S. government’s creditworthiness on Friday, citing “persistent, large fiscal deficits” that show no signs of slowing.

The downgrade, which places the U.S. government one notch below Moody’s top Aaa status, com🍷es as lawmakers weigh a budget that would extend significant tax cuts and boost spending for years.

Though Republicans are at an impasse, Moody’s said in a press release that it does not bel꧂ieve current discussions w🌸ill yield “material multi-year reductions in mandatory spending and deficits.”

It projected U.S. debt will swell to 134🌠% of the country’s GDP by 2035, up from 98% last year.

“Successive U.S. administrations and Congress have failed to agree on measures to reverse the trend of large annual 澳洲幸运5开奖号码历史查询:fiscal deficits and growing interest costs,” the ratings agency said, adding that "persis꧙tent, large fiscal defiജcits will drive the government's debt and interest burden higher.”

The rating mirrors past actions from Moody’s two largest competitors in the ra🐠tings business: S&P Global and Fitch. The three firms rate the ability of governments and corporations to repay debt to investors, and how well they fare helps determine how high of an interest payment investors require for those debts.

-澳洲幸运5开奖号码历史查询:Pola Rocha

Major Indexes Have Posed Big Gains in 3 of Last 4 Weeks

May 16, 2025 06:09 PM EDT

Major U.S. indexes had another big week of gains as concerns about tariffs and theꦬ economy have subsided༒, at least temporarily.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite each turned in their best weekly performance since the week of April 7. The major indexes rebounded from modest losses the week before and have now posted significan♎t gains in three of the past four weeks.

The Dow added 3.4% this week, while the S&P 500 and tech-heavy Nasdaq jumped 5.3% and 7.2%, resp🧸ectively.

DJIA vs S&P 500 vs Nasdaq Composite chart over past week
The major indexes jumped on Monday following news that the U.S. and China had agreed to temporarily slash🐭 tariffs. The momentum was sustained 𒀰throughout the week.

TradingView

With their gains this week, the S&P 500 and Dow have nudged back into positive territory for 2025, while the Nasdaq is down slightly

S&P 500 vs DJIA vs Nasdaq Composite YTD chart
Th✨e S&P 500 is up 1.3% since the start of the year, while the Dow has tacked on 0.3%. The Nasdaq is down just 0.5% since the start of 2025.

TradingView

Tesla Stock Rises for Fourth Week in a Row

May 16, 2025 05:16 PM EDT

Tesla (TSLA) shares rallied this week 澳洲幸运5开奖号码历史查询:alongside the broader market, with the electric vehicle maker's stock posting gains for the 澳洲幸运5开奖号码历史查询:fourth consecutive week.

Shares added 2% to close at just under $350 Friday, bringing the week's gains up to 17%. Still, the stock has lost about 13% since the start of the year.

Positive macro news like last week's trade deal with 澳洲幸运5开奖号码历史查询:the United Kingdom and this week's 澳洲幸运5开奖号码历史查询:temporary tariff reduction between thℱe U.S. and China has outweighed recent downbeat news for T🎐esla, like declining sales and registrations in China and several countries across Europe.

Tesla's brand has been 澳洲幸运5开奖号码历史查询:battered in recent months as protests have targeted the automaker over Musk's involvement in the Trump administration. Analysts called for Musk to step away from the government work 澳洲幸运5开奖号码历史查询:leading up to last month's earnings call, with 澳洲幸运5开奖号码历史查询:some saying Tesla had sustained "unprecedented brand damage."

U.S. President Donald J. Trump greets Tesla CEO Elon Musk before a state dinner at the Lusail Palace on May 14, 2025, in Doha, Qatar.
Tesla ಞCEO Elon Musk joined President Trump at a state dinner in Dꦗoha, Qatar this week.

Win McNamee / Getty Images

Many investors are looking forward to updates on Tesla's plans for a more affordable model, and when the EV maker will start offering paid rides in autonomous Tesla vehicles in Austin, Texas. CEO Elon Musk said in 澳洲幸运5开奖号码历史查询:last month's earnings call that both would 澳洲幸运5开奖号码历史查询:likely take place on schedule by the end of June, and he also committed to 澳洲幸运5开奖号码历史查询:spending more time at the company starting this month.

-澳洲幸运5开奖号码历史查询:Aaron McDade

Watch These UnitedHealth Levels After Friday's Rebound

May 16, 2025 05:06 PM EDT

UnitedHealth Group (UNH) shares surged Friday after tumbling to a pandemic-era low yesterday following reports that 澳洲幸运5开奖号码历史查询:the company is being investigated by the Department of Justicཧe for possible Med🦄icare fraud.

It's been a difficult several weeks for the health care giant. Last month, the shares plummeted plummeted 22% in a day when the company 澳洲幸运5开奖号码历史查询:lowered its full๊-year profit forecast, while on Tuesday this week the stock dropped 18% on 澳洲幸运5开奖号码历史查询:news that CEO Andrew Witty was s♕tepping down.

UnitedHealth shares rose more than 6% on Friday to close just below $292. Even with today's gains, the stock has lost about half its value over the past month as a surge in medical costs compounds other challenges facing the company, including a broader public backlash against the health insurance industry.

Source: TradingView.com.

After staging a decisive close below the 50- and 澳洲幸运5开奖号码历史查询:200-day moving averages in mid-April, UnitedHealth shares have traded sharply lower in a move that has thrust the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) into oversold territory.

Moreover, the stock’s significant drop this week has occurred on the highest weekly 澳洲幸运5开奖号码历史查询:trading volume since April 1998, signaling selling conviction by larger market participants, such as 澳洲幸运5开奖号码历史查询:institutional investors and pension funds.

Investors should watch major support levels on UnitedHealth's chart around $249 and $212, while also tracking crucial overhead areas near $325 and $365.

Read the full 澳洲幸运5开奖号码历史查询:technical analysis piece here.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Small Caps Notch Longest Winning Streak Since 2023

May 16, 2025 04:37 PM EDT

Small-cap stocks on Friday notched their longes𒀰t stretch of positive weeks since 2023 as markets continued to rally on optimism about a cooling of the global trade tensions that had roiled financial markets.

The benchmark 澳洲幸运5开奖号码历史查询:Russell 2000 closed out its sixth consecutive week of gains on Friday, its longest streak since December 2023 when slowing inflation pushed Treasury yields lower and boosted optimism the Federal Reserve would cut interest rates the following year. 💯

Stocks were 澳洲幸运5开奖号码历史查询:buoyed this week after the U.S. and China agreed to slash tariffs on each other’s imports for 90 days as officials negotiate a more comprehensive trade deal. The Russell 2000 jumped after that agreement ไwas announced Monday, erasingꦅ all of its post-“Liberation Day” losses. 

Small-cap stocks have been hit particularly hard by President Trump's economic policies. The Russell 2000 lost nearly a quarter of its value between Trump's inauguration and the day he 澳洲幸运5开奖号码历史查询:paused most tariffs for 90 days. Meanwhile, the 澳洲幸运5开奖号码历史查询:Russell 1000, whic⛦h represents the top 1,000 companies by market cap in the U.S., slid about 18% ov🅠er the same period.

Smaller companies are expected to have a harder time adapting to tariffs than their larger competitors, whose scale gives them leverage to negotiate prices alon✅g the supply chain. Larger companies also often have easier access to capital, which can be essential for weatheri💟ng disruptions.

Russell 2000 vs DJIA vs S&P 500 YTD chart
Despite gaining ground for six straight weeks, the Russell 2000 is still in negative territory for the ye🎐ar, lagging the performance of the Dow and S&P 500.

TradingView

Despite their recent rally, small caps still lag their larg🥀e-cap peers. The Russell 2000 is down 5% year-to-date, while the Russell 1000 has inched up 1%. The small-cap index has also trailed theﷺ performance of the benchmark S&P 500 index and the Dow Jones Industrial Average, which are both in positive territory for 2025.

-澳洲幸运5开奖号码历史查询:Colin Laidley

Nvidia CEO Huang Set to Speak at Computex on Sunday

May 16, 2025 03:18 PM EDT

Nvidia (NVDA) CEO Jensen Huang is set to take the stage this Sunday at Computex, an annual technology trade show, with this year’s theme—“AI Next”—focused squarely on the emerg♛ing technology that has l🥂ately powered growth in the company's business.

Huang’s keynote, which will be livestreamed from Taipei’s Music Center at 11 p.m. ET Sund⭕ay, is expected to highlight Nvidia’s latest advances, and may bring announcements of new partnerships. (You can .)

Nvidia CEO Jensen Huang speaks during the Milken Institute Global Conference in Beverly Hills, California on May 6, 2025.
Jensen Huang speaking ♐at an event earl꧒ier this month.

Patrick T. Fallon / AFP / Getty Images

Shares of the AI chipmaker’s stock were little changed Friday. They’ve added roughly 15% this week as a 澳洲幸运5开奖号码历史查询:Saudi Arabian partnership announced Tuesday during President Donald Trump's trip to the Middle East 澳洲幸运5开奖号码历史查询:raised hopes for future deals. The recent gains have helped Nvidia shares edge back into positive territo💖ry 🦄for the year. The potential for new announcements at Computex could present another catalyst for the stock, along with the company's first-quarter earnings report due May 28.3

 At 澳洲幸运5开奖号码历史查询:last year’s Computex, Nvidia had announced the successor to its Blackwell AI chip, known as Rubin, sending shares higher. Huang in March said Rubin is 澳洲幸运5开奖号码历史查询:still set to launch in 2026.

"We would expect relatively positive news on the AI front out of Computex next week," Wedbush analysts told clients in a note Friday.

Other chipmakers are also scheduled to present later in the week, with Advanced Micro Devices (AMD) set to showcase its latest developments on Tuesday. Like Nvidia, AMD’s stock got a boost from Saudi deals announced earlier in the week, with its shares up about 14% for the week.

Qualcomm (QCOM) will also be among the companies presenting. Intel (INTC) CEO Lip-Bu Tan is not among the event's speakers, but Reuters reported he's set to attend and hosꦯt private dinners with partners.

 Computex will run through May 23.

-澳洲幸运5开奖号码历史查询:Kara Greenberg

Take-Two Interactive Slips as Outlook Comes Up Short

May 16, 2025 02:08 PM EDT

Take-Two Interactive (TTWO) reported fiscal fourth-q🔜uarter revenue that topped analysts’ expectations, but the gaming company's net loss and forecast disappointed, sending shares lower.

The parent of popular video-game studios Rockstar Games and 2K late Thursday reported revenue of $1.58 billion, up 13% year-over-year and above the analyst consensus from Visible Alpha. Net bookings climbed 1😼7% to $1.58 billion, which also topped estimates.

Take-Two told investors to expect full-year revenue of $5.95 billion to $6.05 billion, along w👍ith a net loss of $439 million to $499 million. Wall Street 𝄹was looking for revenue of $7.72 billion and earnings of $165 million, according to Visible Alpha.

The news comes two weeks after Take-Two announced Rockstar's hotly anticipated Grand Theft Auto VI game would be delayed until May 2026. That initially sent shares lower, although the 澳洲幸运5开奖号码历史查询:release of a trailer for the game on May 6 helped renew inveꦍstor optimism. 

CEO Strauss Zelnick said the company's upcoming lineup of games, including Grand Theft Auto VI, will "establish a new baseline for our business and set us on a path of enhanced profitability.”

Take-Two's net loss was $3.73 billion, or $21.08 per share, wider than the $2.9 billion, or $17.02 per share, it reported in the year-ago quarter. Take-Two said the loss was due in part of a $3.55 billion 澳洲幸运5开奖号码历史查询:goodwill impairment charge.

Take-Two share were down 2% in🌠 m🎀id-afternoon trading Friday. The stock is up 24% so far this year,

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Applied Materials Price Levels to Watch as Stock Tumbles

May 16, 2025 01:11 PM EDT

Applied Materials (AMAT) shares fell Friday after the chip equipment manufacturer posted 澳洲幸运5开奖号码历史查询:quarterly revenue below Wall S♌treet expectations amid a slump in China sales.

AMAT shares plunged nearly 40% between late January and early April amid concerns that the Trump administration’s trade policies, including new 澳洲幸运5开奖号码历史查询:AI chip licen🍌si🔯ng export requirements to China, could affect the company’s sales. However, even with today's decline, the stock is up more than 30% from last month’s low following the recent 澳洲幸运5开奖号码历史查询:trade war truce with China.

Since hitting a 澳洲幸运5开奖号码历史查询:record high last July, Applied Materials shares have trended lower within a 澳洲幸运5开奖号码历史查询:descending channel.

Source: TradingView.com.

More recently, the stock nudged above the pattern’s upper trendline but has failed to decisively close above the nearby 澳洲幸运5开奖号码历史查询:200-day moving average. It’s also worth noting that the pre-earnings rally coincided with the 澳洲幸运5开奖号码历史查询:relative strength index moving 𒈔into overbought territory, setting the stage for profit-taking.

Investors should watch key support levels on the Applied Materials chart around $158 and🌟 $145, 🏅while also monitoring overhead areas near $190 and $213.

The stock was down 6🃏% at around $164 in recent trading.

Read the full 澳洲幸运5开奖号码历史查询:technical analysis piece here.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Quantum Computing Stock Soars on Strong Earnings

May 16, 2025 11:32 AM EDT

Quantum Computing (QUBT) surged Friday, a day after the provider of photonic and quantum optics technology swung to a profit on benefits from an🐼 earlier acquisition and growing demand for its thin film lithium niobate photonic chips.

The company posted fi💯rst-quarter earnings of $17 milliಌon or $0.11 per share, compared with a loss of $6.4 million or $0.08 per share a year ago. Revenue rose to $39,000 from $27,000. 

Quantum Computing noted that the gain in net income was primarily because of "a $23.6 million non-cash gain on the mark-to-market valuation of the Company’s warrant liability as a result of our merger with QPhoton in June 2022."

Interim CEO Dr. Yuping Huang said that during the period the firm finished construction of its Quantum Photonic Chip Foundry in Tempe, Ariz., and that it’s "encouraged by our early traction, which is the first step in what we believe is a significant, multi-year opportunity to serve the expanding markets in datacom, telecom, and quantum-enabled applications."

Huang added that Quantum Computing deepened its engagement with both government and commercial partners, "reinforcing the growing interest in our quantum and photonic machines and positioning QCi to capitalize on emerging opportunities ahead."

The news was in contrast with another quantum computing firm, Rigetti Computing (RGTI), which reported earlier tওhis week that quarterly sales plunged.

Quantum Computing stock price chart YTD

TradingView

Quantum Computing shares were up 35% in recent trading. Despite the huge gain today, the st🐼ock is still down 25% since the start of 2025.

-澳洲幸运5开奖号码历史查询:Bill McColl

Cava Stock Drops Despite Topping Earnings Estimates

May 16, 2025 10:37 AM EDT

Cava Group (CAVA) shares fell ༒F🐲riday, a day after the Mediterranean fast-casual chain's outlook offset better-than-expected results.

The company didn't change its estimates for full-year same-restaurant sales growth (6.0% to 8.0%) and restaurant-level 澳洲幸运5开奖号码历史查询:profit margin (24.8% to 25.2%) from the guidance it gave in February. It 🧔also raised its prediction for pre-opening costs to $14.5 million to $15.5 million from $14.0 million to $15.0 million.

However, it did increase its outlooks for net new Cava restaurant openings to a range of 64 to 68 from 62 to 66, and adjusted EBITDA&♒nbsp;to $152.0 million to $159.0 million from $150.0 million to $157.0 mill🐷ion.

In the first quarter,𝕴 Cava reported earnings per share of $0.22 on revenue that surged 28% year-over-year to $331.8 million. Both were above Visible Alpha forecasts. Same-restaurant sales grew 10.8%, also above estimates, and traffic rose 7.5%.

Co-founder and CEO Brett Schulman said the performance showed the continuing strength of the company's category-defining brand, "in spite of economic uncertainty and challenging weather."

In a note to clients, JPMorgan analysts remained bullish on Cava, affirming their recent re-upgrade of the stock with a "buy now and own fo📖r the long term" opinion. They added the company was "comping well in a difficult environment."

Cava sha♒res were down 4% recently. The stock has lost about 16% of its value since the start of the year.

-

Novo Nordisk Stock Slides as CEO Departs

May 16, 2025 10:04 AM EDT

U.S.-listed shares of Novo Nordisk (NVO) declined in early trading Friday on the surprise news that CEO Lars𒉰 Fruergaard Jørgensen is stepping down from the Danish drugmaker.

The maker of blockbuster weight-loss drugs Ozempic and Wegovy said Friday that Jørgensen's departure is a "mutual agreement," and that he will stay on as CEO while a successor is found. The company said a search is "ongoing, and an announcement will be made in due course."

Lars Fruergaard Jorgensen, chief executive officer Novo Nordisk A/S, at the Norges Bank Investment Management annual investment conference in Oslo, Norway, on Tuesday, April 29, 2025.
Novo Nordisk CEO CEO Lars Fruergaard Jørgensen speaking at🐼 an event last month in🐈 Oslo.

Naina Helén Jåma / Bloomberg / Getty Images

Novo Nordisk cited "recent market challenges Novo Nordisk has been facing, and the development of the company's share price since mid-2024" as reasons that the board is looking to move on from Jørgensen, who has been CEO since January 2017.

"Novo Nordisk's strategy remains unchanged, and the Board is confident in the company's current business plans and its ability to execute on the plans," board chair Helge Lund said.

The drugmaker's stock surged to record highs in the 澳洲幸运5开奖号码历史查询:first half of last year as sales of its popular weight-loss drugs sent revenue soaring. However, shares entered Friday down just over 50% in the last 12 months as sales 澳洲幸运5开奖号码历史查询:growth started to slow and 澳洲幸运5开奖号码历史查询:studies showed that the active ingredient in rival Eli Lilly's (LLY) Mounjaro and Zepbound caused 澳洲幸运5开奖号码历史查询:greater weight loss than that of Ozempic and Wegovy.

Novo Nordisk shares were down 4% recently.

-澳洲幸运5开奖号码历史查询:Aaron McDade

AMD Levels to Watch After Winning Streak Snapped

May 16, 2025 09:31 AM EDT

Advanced Micro Devices (AMD) shares rose in premarkꦺet trading after falli🎶ng Thursday for the first time in seven sessions.

The chip designer’s stock rallied to it highest level since early February on Wednesday after the company approved an additional 澳洲幸运5开奖号码历史查询:$6 billion to🔯 its share repurchase plan, upping its buyback program to $10 billion. The buyback news came on the heels of the chipmaker and AI favorite Nvidia (NVDA) announcing Tuesday they would supply semiconduc💝tors to Saudi Arabian AI startup Humain as part of initiatives announced as Presideꦍnt Donald Trump kicked off a four-day trip to the Middle East

Through Thursday's close, the stock was up 50% from its early-April low and had gained 17% since May 6, when the company posted better-than-expected earn𒁏ings and an upbeat outlook driven by AI momentum. AMD shares were up 2.5% at around $118 before the opening bell Friday♋.

Since a 澳洲幸运5开奖号码历史查询:bear trap marked the bottom in AMD shares last month, the price has broken out above the 50-day moving average and a 澳洲幸运5开奖号码历史查询:descending channel, with gains accelerating in rec❀ent trading sessions.

Source: TradingView.com.

However, while the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) confirms bullish price momentum with a reading above the 70 threshold, it also flashes  澳洲幸运5开奖号码历史查询:overbought ♈;conditions, potentially leading to a period of-near-term consolidation.

Investors should watch crucial support levels on AMD's chart around $110 and $96, while also monitoring important resistance levels near $132 and $150.

Read the full 澳洲幸运5开奖号码历史查询:technical analysis piece here.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Major Index Futures Slightly Higher

May 16, 2025 08:55 AM EDT

Futures tied to the major U.S. stock indexes 𝓀were each up 0.3% recently.

Dow Jones Industrial Average

DJIA futures - May 16, 2025

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S&P 500

S&P 500 futures - May 16, 2025

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Nasdaq 100

Nasdaq 100 futures - May 16, 2025

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