Market participants are closely watching a series of key events on Monday, including an OPEC meeting to set oil production levels, the release of the U.S. Federal Budget Balance, and remarks from two Federal Reserve officials.
The energy services firm has postponed its closely watched report on active oil and gas drilling rigs, a key forward-looking indicator for production, without providing a new release date.
Shares of the electric aviation firm gained over 5% after it completed the first organ transport flights under a key FAA program and secured a new avionics supply contract with Horizon Aircraft.
The U.S. Department of Commerce has relaxed export rules for the United Arab Emirates, allowing for easier shipment of certain military hardware, commercial satellites, and advanced AI technology to the key Middle Eastern partner.
Software and data company CCC is exploring a potential sale and has hired an investment bank to contact prospective buyers, according to a media report. Analysts at Stifel see strong potential interest from both private equity and strategic acquirers.
Shares of Rackspace Technology surged, reversing a steep prior-day loss, as investors reassessed the company's strategic AI partnerships with AMD and Palantir, overshadowing a recent cut in revenue guidance.
Italy's benchmark stock index closed 0.54% higher on Friday, buoyed by strong performance in the travel, chemical, and financial sectors. Payments firm Nexi SpA was the day's top performer, surging over 6%.
Portugal's benchmark stock index, the PSI, edged down 0.19% on Friday, with losses in basic materials, consumer goods, and technology sectors weighing on the market.
Shares of the electric aircraft developer rose after it announced the successful completion of its inaugural flights under the FAA's eVTOL Integration Pilot Program, a key step in advancing air mobility.
