Stock Movers Closing Bell: US Steel Surges .. Again, PDD Tumbles, Vertical Aerospace Soars
May 27, 2025
A surge for US Steel follows President Trump's assurance of control through a partnership with Nippon Steel. In contrast, PDD Holdings plummets after falling short of sales expectations, highlighting trade tensions. Meanwhile, Vertical Aerospace celebrates a milestone with the first piloted flight of an eVTOL aircraft in open airspace, marking a significant achievement in aviation history. The market showcases a mix of trends, with technology and consumer stocks also making headlines.
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Broad Market Rally with Sector Leaders
- All 11 of the S&P sectors were in the green, led by consumer discretionary and tech stocks, both rising about 3%.
- Energy, utilities, and consumer staples lagged with only about 1% gains, showing uneven sector performance.
Okta Beats but Stock Falls
- Despite Okta beating first-quarter earnings and revenue estimates, its stock fell about 11%.
- Investors appeared cautious about the outlook, pushing shares down even with slight revenue growth forecasts.
Hologic Buyout Sparks Stock Surge
- TPG and Blackstone made an offer to take Hologic private for over $16 billion, leading to a trading pause.
- This potential acquisition caused Hologic's shares to surge more than 14%.