ICCT Overview

U.S. Stock Market Performance: U.S. stocks saw gains, with the Nasdaq Composite rising by approximately 250 points, while the Dow decreased slightly. Under Armour reported better-than-expected sales despite posting losses, and several smaller companies experienced significant stock price increases.

Global Market Trends: European shares were mostly higher, while Asian markets had mixed results. The annual inflation rate in the U.S. slowed to 2.3% in April, indicating a slight easing compared to the previous month.

Top Searched Stocks: The most searched stocks on Benzinga Pro for April 2025 include SPDR S&P 500 ETF Trust, NVIDIA Corporation, and Tesla Inc, with notable year-to-date returns showing declines for many of these stocks, while DeFi Development Corp experienced a significant surge in interest and value.

Market Trends: The rankings indicate strong ongoing interest in tech stocks, as evidenced by the consistent presence of companies like Palantir and Apple, while new entrants such as American Rebel Holdings and Newsmax have gained attention following their recent market activities.

Penny Stocks to Watch: Phio Pharmaceuticals, Antelope Enterprise Holdings, and iCoreConnect are highlighted as top penny stocks on April 10, 2025, based on their high Dollar Volume and recent stock price movements.

Company Highlights: Phio Pharmaceuticals saw a significant stock surge due to positive clinical trial news, Antelope Enterprise Holdings benefited from tariff announcements despite no specific news, and iCoreConnect's shares rose following a strategic partnership aimed at improving dental practice operations.

U.S. Stock Market Decline: U.S. stocks fell sharply, with the Dow Jones dropping over 1,100 points due to escalating trade tensions after China announced a retaliatory tariff on U.S. goods, mirroring President Trump's recent tariffs.

Employment Report Highlights: The Bureau of Labor Statistics reported a surge in nonfarm payrolls by 228,000 in March, exceeding expectations, while the unemployment rate unexpectedly rose to 4.2%.

Penguin Solutions Performance: Shares of Penguin Solutions, Inc. rose 2% to $18.41 in pre-market trading after the company reported better-than-expected second-quarter results and projected a 17% year-over-year net sales growth for FY25.

Stock Movements: Several stocks experienced significant changes in pre-market trading, with Protagenic Therapeutics gaining 173.2% and Kolibri Global Energy falling 41.7%, reflecting a mix of gains and losses across various companies.

Market Performance: U.S. stocks opened lower with the Nasdaq Composite dropping over 300 points, while energy shares rose by 1.1%. The Chicago PMI increased to 47.6 in March, surpassing market expectations.

Stock Movements: iCoreConnect Inc. and Corcept Therapeutics saw significant gains of 148% and 83%, respectively, while Damon Inc. and Vaxcyte, Inc. experienced sharp declines of 52% and 53%. European and Asian markets also closed lower.