News & Events zu Alumis Inc. (ALMS)ALMSAlumis Inc.

Major Averages Rebound, S&P 500 Up 0.46%

The major averages closed broadly higher, rebounding from yesterday's declines as investors continue to react to escalating tensions between the U.S. and Iran, rising oil prices, and a jump in Treasury yields. Renewed U.S.-Iran fighting has raised concerns about disruptions to energy supplies and pushed inflation expectations higher, creating a difficult backdrop for both stocks and bonds.Meanwhile, ADP showed 38,000 private-sector jobs were added in August, a slower-than-expected pace. While job creation held positive, August was the smallest gain since January.Additionally, the Federal Reserve said in its latest Beige Book report that economic activity has increased "modestly" since July, adding that employment rose "very slightly overall."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dell Technologiesreportedand sharply raised its FY27 earnings per share and revenue outlookNvidiais in advanced talks to acquire Hugging Face for up to $14B,Chevronannouncedthat establish updated terms for its joint venturesDelivery Hero'sboard recommendsfrom UberThe Fed said in its latest Beige Book that2. WALL STREET CALLS:Deutsche Bank"mispriced" Sirius XMto BuyToastto Neutral at BNP ParibasAlumisto Buy at H.C. WainwrightJPMorganNioon sluggish vehicle demandAmrizeto Neutral at JPMorgan and to Underperform at BofA3. AROUND THE WEB:Uber Technologiesis cutting about 3,300 roles, or 10% of its staff globally, in a restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses, Bloomberg reportsEU antitrust regulators are eyeing the licensing practices of Oraclein a case similar to the one involving SAP, which was settled with concessions in July, Reuters saysTSMChas increased its own estimate of quarterly equipment purchases to 1.9 times what was projected in December as the company expands production to meet AI demand, Bloomberg reportsTPG-backedAsia OneHealthcare has confidentially filed for an initial public offering in Kuala Lumpur, Malaysia, seeking to raise up to 10B ringgit, or $2.5B, Bloomberg saysAdobehas acquired India-based marketing intelligence company Rilo in an agreement involving licensing and team acquisition, TechCrunch reports4. MOVERS:GitLabgained after, raising its guidance for FY27, and saying AI is proving to be a durable secular tailwindEos Energyincreased after announcing aand GooglePG&Ewas lower after saying it plans to update its 2027 capital plan byCredo Technologyslipped in New York afterand providing guidance for Q1 and FY27Palo Alto Networksand MongoDBfell after5. EARNINGS/GUIDANCE:Ollie's Bargain Outletand raised its outlook for FY26G-III Apparel, with CEO Morris Goldfarb commenting, "Our second quarter results reflect strong execution across the organization"Sprinklrand lowered its guidance for FY27Daktronics, with EPS and revenue beating consensusBrown-Forman, with CEO Lawson Whiting stating that first quarter results "reinforce our confidence in the year ahead"INDEXES:The Dow rose 295.07, or 0.56%, to 53,061.95, the Nasdaq gained 118.06, or 0.45%, to 26,217.83, and the S&P 500 advanced 35.13, or 0.46%, to 7,666.60.

Alumis Stock Rises 10.7% to $10.48

Alumis is up 10.7%, or $1.01 to $10.48.

Major Averages Rebound, ADP Reports 38,000 Jobs Added

The major averages were broadly higher, rebounding a little from yesterday's declines as investors continue to react to escalating tensions between the U.S. and Iran, rising oil prices, and a jump in Treasury yields. Renewed U.S.-Iran fighting has raised concerns about disruptions to energy supplies and pushed inflation expectations higher, creating a difficult backdrop for both stocks and bonds.Meanwhile, ADP showed 38,000 private-sector jobs were added in August, a slower-than-expected pace. While job creation held positive, August was the smallest gain since January.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dell Technologiesreportedand sharply raised its FY27 earnings per share and revenue outlookNvidiais in advanced talks to acquire Hugging Face for up to $14B,Chevronannouncedthat establish updated terms for its joint venturesAs part of a strategic review, PG&Eplans to update its 2027 capital plan byVertivUtility Innovation for $1.45B in cash2. WALL STREET CALLS:Deutsche Bank"mispriced" Sirius XMto BuyToastto Neutral at BNP ParibasAlumisto Buy at H.C. WainwrightJPMorganNioon sluggish vehicle demandAmrizeto Neutral at JPMorgan and to Underperform at BofA3. AROUND THE WEB:Uber Technologiesis cutting about 3,300 roles, or 10% of its staff globally, in a restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses, Bloomberg reportsEU antitrust regulators are eyeing the licensing practices of Oraclein a case similar to the one involving SAP, which was settled with concessions in July, Reuters saysTSMChas increased its own estimate of quarterly equipment purchases to 1.9 times what was projected in December as the company expands production to meet AI demand, Bloomberg reportsTPG-backedAsia OneHealthcare has confidentially filed for an initial public offering in Kuala Lumpur, Malaysia, seeking to raise up to 10B ringgit, or $2.5B, Bloomberg saysAdobehas acquired India-based marketing intelligence company Rilo in an agreement involving licensing and team acquisition, TechCrunch reports4. MOVERS:GitLabgains after, raising its guidance for FY27, and saying AI is proving to be a durable secular tailwindEos Energyincreases afterwith MN8 Energy and GoogleAST SpaceMobilehigher after Berenbergof the stock with a Buy ratingCredo Technologylower in New York afterand providing guidance for Q1 and FY27Palo Alto Networksand MongoDBfall after5. EARNINGS/GUIDANCE:Ollie's Bargain Outletand raised its outlook for FY26G-III Apparel, with CEO Morris Goldfarb commenting, "Our second quarter results reflect strong execution across the organization"Sprinklrand lowered its guidance for FY27Daktronicswith EPS and revenue beating consensusBrown-Forman, with CEO Lawson Whiting stating that first quarter results "reinforce our confidence in the year ahead"INDEXES:Near midday, the Dow was up 244.25, or 0.46%, to 53,011.13, the Nasdaq was up 104.55, or 0.40%, to 26,204.32, and the S&P 500 was up 37.39, or 0.49%, to 7,668.86.