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Flash
20:01
The S&P 500 index preliminarily closed up 0.5%, reaching a new all-time high. The healthcare sector rose 1.5%, the technology sector gained 1.2%, while the utilities sector fell 1.2%.
The Nasdaq 100 Index closed up 0.8% in early trading, reaching a new record closing high. Among its constituents, defense stock Axon rose 12.5%, Arm Holdings gained 11%, Palantir climbed 7.7%. AMD, Workday, Qualcomm, CrowdStrike, and Palo Alto Networks (PANW) each rose as much as 4.5%. Ross Stores fell 2.7%, Pinduoduo lost 4.1%, Lumentum dropped 4.2%, and Synopsys slid 9%.
19:42
Sun Communities Inc announces that its board of directors has authorized a new stock repurchase program
According to documents submitted to the U.S. Securities and Exchange Commission, the company has been authorized to buy back up to $1 billion worth of common shares on the open market. The authorization remains valid until May 27, 2027. The company stated that the timing and actual amount of the buyback will depend on various factors, including market conditions, share price, regulatory requirements, and the company’s capital position and liquidity needs. Management emphasized that the plan aims to create long-term value for shareholders and reflects the board of directors’ confidence in the company’s future prospects and financial strength.
19:40
On Thursday (May 28), at the close of trading in New York, the Bloomberg Grains Subindex rose by 0.46% to 31.6386 points.
CBOT corn futures rose 0.83%, CBOT wheat futures rose 0.24%. CBOT soybean futures rose 0.89%, hitting a daily high of $11.96 per bushel; soybean meal futures rose 0.97%, and soybean oil futures rose 1.86%.
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