AI Stock Market News Today

SunCoke Energy has established a target adjusted EBITDA range of $230 million to $250 million for 2026. The company anticipates that power operations at its Middletown facility will resume by the end of the second quarter.

• Q1 consolidated adjusted EBITDA reached $56.5 million
• Full-year 2026 adjusted EBITDA guidance set at $230 million to $250 million

DMC Global projects second-quarter sales between $148 million and $158 million. The company expects adjusted EBITDA to range from $6 million to $8 million as it navigates industrial market pressures.

• Projected Q2 revenue of $148 million to $158 million
• Expected adjusted EBITDA between $6 million and $8 million

Prime Minister Lawrence Wong highlighted the dual threats of geopolitical instability and artificial intelligence during his May Day address. The leader emphasized the necessity of workforce adaptation to survive an accelerating pace of change.

• Warning of AI-driven job losses
• Reference to Iran conflict as a source of global uncertainty

Meta Platforms reported a 33% surge in first-quarter revenue, yet shares fell sharply as investors reacted to increased capital expenditure guidance. The company raised its 2026 spending outlook to support AI infrastructure and data center capacity.

• Revenue increased 33% YoY to $56.3 billion
• 2026 CapEx guidance raised to $125B-$145B

The Australian benchmark index recovered early losses on Monday, buoyed by positive momentum from Wall Street. Gains were primarily driven by iron ore miners and energy producers.

• S&P/ASX 200 rose 17.60 points to 7,965.80
• Rio Tinto and Mineral Resources gained over 2%

Mason & Associates has significantly reduced its stake in the Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG). The move follows a period of aggressive accumulation in the previous quarter.

• Sold 161,704 shares of COWG
• Estimated sale value of $5.67 million

Allegiant Travel Company expects its operating margin to fall to 1% in the second quarter. The airline is implementing capacity cuts to manage headwinds.

• Q2 operating margin projected at 1%
• Q1 adjusted operating margin hit 14.9%

Alphabet reported a stellar first quarter with revenue jumping 22% to $109.9 billion, fueled by explosive growth in its cloud division. The company is aggressively increasing capital expenditures to meet unprecedented demand for AI infrastructure.

• Q1 revenue reached $109.9 billion, a 22% year-over-year increase
• Google Cloud revenue grew 63% to $20 billion with a $460 billion backlog

The Japanese Yen's recent surge is losing momentum, raising expectations for further government intervention to stabilize the currency. Market volatility persists as traders weigh official silence against reports of coordinated action.

• Yen experienced a 3% surge on Thursday due to suspected intervention
• Currency began edging lower during Friday morning trading in Tokyo

Major Asian indices climbed on Friday as investors engaged in bargain hunting following a period of weakness. Trading volumes remained low across the region as several key markets observed Labor Day holidays.

• S&P/ASX 200 rose 0.92% to 8,745.80
• Nikkei 225 increased 0.66% to 59,676.04

Yield premiums for high-grade dollar bonds in emerging Asia have reached their narrowest levels since 2009. The trend reflects strong demand and economic stability in China despite geopolitical tensions.

• Spreads reached 56 basis points on Thursday
• Lowest levels observed since the index began in 2009

The US Senate has unanimously passed a rule prohibiting lawmakers and staff from utilizing prediction markets to prevent the monetization of inside information. A similar measure is expected to be introduced in the House of Representatives.

• Unanimous Senate approval for immediate ban
• Aims to prevent monetization of sensitive government data