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FXI

SPY

Senior diplomats from the U.S. and China met in Washington to discuss issues involving Taiwan Strait, Burma, and North Korea. This meeting has led to a premarket rise in U.S.-traded China stocks.

Portfolio Pulse from Charles Gross

September 29, 2023 | 10:48 am

GLD

SPY

UUP

On Thursday, September 28, U.S. stock markets ended higher, driven by economic data and a pause in rising Treasury yields. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases. Asian markets had mixed results, with Japan's Nikkei 225 falling slightly, Australia's S&P/ASX 200 rising, and Hong Kong's Hang Seng Stock Exchange seeing a significant increase. European markets were also up, with the STOXX 600, DAX, CAC 40, and FTSE 100 all gaining. Commodities saw increases in crude oil, natural gas, gold, silver, and copper. U.S. futures were up, while the U.S. Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

September 29, 2023 | 10:37 am

SYRA

Syra Health has priced its upsized initial public offering (IPO) of 1.615 million units at $4.125 per unit, raising approximately $6.7 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 10:33 am

XPEV

XPeng has announced that its board has approved share purchase agreements between the sellers, purchaser, and Dogotix. The purchaser has agreed to buy approximately 74.82% of the total issued shares of Dogotix for around $98.96 million.

Portfolio Pulse from Charles Gross

September 29, 2023 | 10:18 am

Boeing Company (NYSE:BA) has agreed to pay $8.1 million to settle allegations of violating the False Claims Act by submitting false claims and making false statements in connection with contracts with the U.S. Navy to manufacture the V-22 Osprey, a tiltrotor military aircraft. The settlement resolves allegations that from 2007 through 2018, Boeing failed to comply with certain contractual manufacturing specifications. Despite the settlement, BA shares are trading higher by 0.66% at $191.68 in premarket trade on Friday.

Portfolio Pulse from Shivani Kumaresan

September 29, 2023 | 10:18 am

APRN

Blue Apron's shareholders are set to receive $13 per share via a tender offer from Wonder Group. This could potentially lead to a significant increase in the stock price of Blue Apron (APRN).

Portfolio Pulse from Charles Gross

September 29, 2023 | 10:05 am

BMBL

BROG

EDIT

FOLD

NKE

NVGS

OPK

STEM

Several stocks including Brooge Energy Limited, OPKO Health, NIKE, Editas Medicine, Amicus Therapeutics, Navigator Holdings, Bumble, and Stem are recording gains in Friday's pre-market trading session. Notable developments include OPKO's ModeX Therapeutics being awarded a BARDA Contract, NIKE posting upbeat quarterly earnings, and Editas Medicine being upgraded by Stifel from Hold to Buy.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 9:59 am

LCID

RIVN

Electric vehicle (EV) startups Rivian Automotive, Inc. (NASDAQ:RIVN) and Lucid Group, Inc. (NASDAQ:LCID) have struggled with production ramp-up and stock price performance over the past year. However, data suggests potential for improvement. A $100 investment in Rivian a year ago is currently worth $71.43, while the same investment in Lucid would be worth $38.97. Despite these losses, analysts are hopeful for a rebound, particularly as oversold levels provide a platform for potential growth. Rivian's stock rose 0.13% to $23.08 and Lucid's gained 1.28% to close at $5.53.

Portfolio Pulse from Shanthi Rexaline

September 29, 2023 | 9:20 am

AAPL

FXI

Apple Inc. has reportedly met with Chinese regulators to discuss Beijing's crackdown on Western apps. The meeting comes amid increasing scrutiny of foreign tech companies in China.

Portfolio Pulse from Charles Gross

September 29, 2023 | 9:09 am

VGK

The Eurozone Core CPI YoY for September was reported at 4.5%, lower than the estimated 4.8%. The Core CPI MoM was also lower at 0.2% compared to 0.3% in the prior month.

Portfolio Pulse from Charles Gross

September 29, 2023 | 9:05 am