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Top 20 by Trading Volume | SanDisk issues major financial guidance, stock surges 13%, SK Hynix rises 7%; Google launches Gemini 3.7 Flash; Cisco drops over 8% after earnings
Top US Stock by Trading Volume on Thursday: Closed up 4.23% with trading volume of $34.63 billion. Second Place: Closed up 13.67% with trading volume of $32.693 billion. On Thursday, the 23rd (US Eastern Time), SanDisk unveiled its long-term financial model at its 2026 Investor Day, outlining a series of financial targets to be achieved from fiscal year 2028 to fiscal year 2030. These include maintaining mid-to-high double-digit revenue growth during this period. SanDisk also addressed market concerns regarding bit growth, stating that salable bit capacity will be adjusted based on profitability optimization needs. The company further committed to returning 100% of remaining cash to shareholders after completing business investments.
Seth Klarman's Baupost Adds Pershing Square in Q2; Boosts Amazon, Alphabet
The dollar reversed its earlier gains as expectations for an early interest rate hike receded amid a rise in U.S. initial jobless claims and slowing PPI, with the USD/JPY pair remaining resilient at 159.02–159.57 yen.
[London Market Overview] In the London foreign exchange market on the 13th, the dollar/yen pair reversed its gains. Although it strengthened to as high as 159.43 yen in the afternoon, profit-taking and adjustment-driven dollar selling erased those gains, pushing the rate down to 159.32 yen. Caution regarding potential currency intervention also exerted downward pressure. The euro/dollar pair rose slightly from $1.1522 to $1.1536 as dollar-selling intensifies amid market adjustments. The euro/yen pair extended its gains from 183.65 yen to 183.82 yen, supported by the firmness of the euro/dollar and yen selling. Pound/
QUICK SPARK: Dell, JPMorgan, Merck All Mark New All-Time Highs
Dell Technologies (NYSE:DELL), JPMorgan Chase & Co. (NYSE:JPM) and Merck & Co. (NYSE:MRK) all touched fresh all-time highs on Thursday — with Dell hitting $514, JPMorgan reaching $366.50 and Merck
U.S. stocks rose on the 13th, buoyed by falling oil prices and favorable PPI data.
U.S. equity markets rose. The Dow Inc average closed up $69.72 at $53,839.99, while the Nasdaq finished 214.54 points higher at 26,803.03. Markets rallied after the open, buoyed by falling crude oil prices and favorable Producer Price Index (PPI) data. The Dow Inc briefly turned lower as employment-related indicators disappointed, but long-term interest rate declines supported a steady performance for the Nasdaq throughout the day. The Dow Inc also recovered in late trading to close higher. By sector, automobiles and auto parts, as well as software and services,
UBS Maintains Buy on Cisco Systems, Raises Price Target to $138
UBS analyst David Vogt maintains Cisco Systems (NASDAQ:CSCO) with a Buy and raises the price target from $132 to $138.