WallSt Focus

Semiconductor stocks remained under intense pressure on Friday as investors continued pulling back from one of the market's strongest-performing sectors, extending a steep correction fueled by valuation concerns, rising AI infrastructure costs, and rising competition from China.

U.S. stocks were in the red on Friday as a steep sell-off in semiconductor shares overshadowed encouraging inflation data and improving consumer sentiment.

Eli Lilly (LLY) is making another significant push beyond its blockbuster diabetes and obesity franchises, announcing an agreement to acquire clinical-stage biotech AtaiBeckley in a deal valued at up to $3.8 billion.

U.S. stocks traded mixed on Thursday as investors balanced another wave of strong corporate earnings against renewed pressure in semiconductor stocks and ongoing geopolitical risks in the Middle East.

PayPal (PYPL) surged after reports that payments company Stripe and private equity firm Advent International have submitted a proposal to acquire the fintech giant in a deal valued at more than $53 billion.

U.S. stocks struggled on Wednesday as investors balanced encouraging inflation data against renewed weakness in semiconductor stocks and escalating tensions in the Middle East.

The latest escalation in the Middle East has pushed oil prices higher and renewed concerns about inflation, but investors are increasingly treating energy shocks as a secondary risk.