Allegro MicroSystems (NASDAQ:ALGM): Chip designer Allegro MicroSystems (NASDAQ:ALGM) Allegro MicroSystems fell by 13.4% on Monday after
ON Semiconductor withdrew its proposal to acquire the company. See our full article here.
Join us in exploring the top gainers and losers within the S&P500 index in the middle of the day on Tuesday as we examine the latest happenings in today's session.
Shares of enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) jumped 7.3% in the morning session after activist investor Elliott management announced a stake estimated at $1.5 billion in the company. This move was noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.
Wall Street gained ground by midday trading on Tuesday, as investor concerns over the economic impact of trade tensions continued to ease following recent signs that the Trump administration was taking a more conciliatory approach.
Hewlett Packard Enterprise Co (NYSE:HPE) shares spiked at the open on Tuesday following reports that Elliott Investment Management has built a stake in the company.
Goldman Sachs analysts raised earnings forecasts for top U.S. tech giants due to a White House decision exempting key electronics from Chinese tariffs.
Shares of Dell Technologies, Hewlett Packard Enterprise and NetApp Inc. are trading lower Thursday, following Wednesday's sharp rally, which was driven by President Donald Trump's surprise decision to pause tariffs on non-retaliating countries.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the hardware & infrastructure stocks, including Hewlett Packard Enterprise (NYSE:HPE) and its peers.
A number of stocks jumped in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.
A number of stocks fell in the afternoon session after markets gave up early gains with optimism over progress in US-China trade talks quickly fading as the Trump administration announced plans to raise tariffs on all Chinese imports to well above 100%.
Let's delve into the developments on the US markets in the middle of the day on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) fell 14.2% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
