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Movers & Shakers: Bank of America, Rite Aid stocks rise, Micron and Virgin Galactic shares fall, and other stocks on the move

Here are some of the bigger movers of the day, including shares of Bank of America, Micron Technology, Virgin Galactic and Wallbox.

Economic Report: ‘Home buyers have adjusted’ to new normal of near-7% mortgage rates, Freddie Mac says

The 30-year mortgage rate is averaging at 6.71%, Freddie Mac said in its latest weekly survey on Thursday.

: How colleges admissions will change in America after the Supreme Court knocked down affirmative action

Colleges have been preparing a new playbook for a nation that does not legally allow race-based admissions

: Supreme Court rules against affirmative action at universities

The U.S. Supreme Court on Thursday rules against race-conscious programs at universities, handing a win to a group opposing affirmative action in admissions.

: Largest investor in AMC’s APE stock sells again, cuts stake to below 10%

The largest investor in AMC Entertainment's AMC Preferred Equity shares, known as APEs, keeps selling, as it has slashed its stake to below 10%.

Economic Report: U.S. economy was even better in the first quarter than it seemed: GDP grew 2%

The U.S. economy was supposed to slow down sharply this year because of higher interest rates, but it grew at a solid 2% annual pace in the first quarter, updated figures show, and the economy still appears to be expanding.

The Ratings Game: C3.ai is ‘in the right place at the right time,’ but that may not propel stock further just yet

C3.ai Inc. needs to show "viral growth" before Oppenheimer's Timothy Horan recommends ownership of the AI-software provider's stock.

Economic Report: U.S. pending home sales fall but the housing market is in recovery mode

U.S. pending-home sales fell in May, the National Association of Realtors said on Thursday.

: Sigilon Therapeutics’ stock soars 550% after Eli Lilly agrees to acquire company

Deal is focused on new cell therapies to improve diabetes care.

Banking: Wall Street upbeat on banks after ‘mostly positive’ Fed stress tests results

Analysts at Citi, Oppenheimer and Truist weigh in on Federal Reserve bank stress results, while J.P. Morgan Chase downgrades Citizens Financial.

: Teenagers looking for summer jobs see best labor market since just after World War II

Teenagers seeking a summer job can expect higher wages and more opportunities in sectors that haven't traditionally hired workers their age.

The Ratings Game: Nvidia continues to show it has ‘significant advantages’ over rivals, analyst says in boosting bullish view

A Piper Sandler analyst is feeling more upbeat about Nvidia's stock and positioning after taking a deeper dive into the company's networking opportunity.
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