BUSINESS

NEW YORK — Credo Technology Group Holding Ltd. shares surged more than 10% in morning trading Friday, reaching $119.23 as investors piled into the high-speed connectivity specialist amid unrelenting demand for its solutions powering massive AI data center buildouts.

NEW YORK — Texas Pacific Land Corp. shares jumped more than 10% in morning trading Friday, climbing to $417.06 as investors appeared to shake off recent volatility tied to the passing of a major shareholder and renewed optimism around the company's diversification into AI infrastructure and data centers on its vast West Texas holdings.

HONG KONG — Li Auto Inc. shares climbed more than 3% Friday on the Hong Kong Stock Exchange, closing at HK$74.20 after adding HK$2.30, as investors cheered a strong March delivery rebound and anticipation for the upcoming launch of the refreshed flagship Li L9 amid a competitive but recovering Chinese new energy vehicle market.

NEW YORK — Ivanhoe Electric Inc. shares rose sharply in morning trading Friday, gaining about 7.77% to $13.87 as investors bet on the company's role in bolstering domestic supplies of copper and other critical minerals amid growing demand from electrification, data centers and national security initiatives.

MELBOURNE, Australia — Telix Pharmaceuticals Ltd. shares surged more than 7% Friday as the Australian radiopharmaceutical company received a key regulatory boost in the United States, highlighting its growing role in precision oncology diagnostics and therapeutics.

NEW YORK — Astera Labs Inc. shares jumped more than 10% in early trading Friday, climbing to around $142.62 as investors piled into the semiconductor company riding the AI infrastructure boom.

Shares of Organon & Co. skyrocketed more than 17% in early trading Friday, April 10, 2026, surging to $8.12 as rumors of a potential takeover bid circulated on Wall Street, injecting fresh excitement into the struggling women's health pharmaceutical company that has languished near multi-year lows for much of the year.

NEW YORK — The S&P 500 climbed to 6,837.97 and the Nasdaq Composite reached 22,951.16 in early trading Friday, April 10, 2026, extending a powerful relief rally sparked by the U.S.-Iran ceasefire and hopes that weekend negotiations in Islamabad will stabilize global energy markets and reduce geopolitical tensions.

NEW YORK — The Dow Jones Industrial Average blasted through the 48,000 milestone Friday morning, climbing more than 280 points in early trading on April 10, 2026, as investors cheered the fragile U.S.-Iran ceasefire and anticipated lower energy prices and reduced geopolitical risk.

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co. shares rocketed to a fresh intraday high of 2,000 Taiwan dollars Friday, jumping 2.30% as investors cheered the world's largest contract chipmaker's explosive growth fueled by insatiable demand for artificial intelligence processors.

NEW YORK — Ethereum traded near $2,180 early Friday, easing slightly after a strong midweek surge triggered by a U.S.-Iran ceasefire announcement, while investors weighed renewed institutional interest through spot ETFs against upcoming U.S. inflation data that could sway Federal Reserve policy expectations.

NEW YORK — Bitcoin traded near $71,534 early Friday, showing resilience after a sharp rebound driven by easing Middle East tensions and robust institutional buying through U.S. spot exchange-traded funds, even as investors awaited March inflation data that could influence Federal Reserve policy.

SYDNEY — With the Reserve Bank of Australia's cash rate sitting at 4.10 percent after back-to-back 25-basis-point hikes in February and March 2026, economists and financial markets are closely watching for signs of another increase as soon as the May 5 meeting, driven by persistent inflation pressures, a resilient domestic economy and global uncertainties from the Middle East conflict.

SYDNEY — ANZ Group Holdings Ltd shares rose modestly by 0.16 percent to $38.81 in intraday trading Friday on the Australian Securities Exchange, reflecting resilience in Australia's banking sector amid higher-for-longer interest rates and ongoing cost discipline under CEO Nuno Matos.

SYDNEY — Goodman Group (ASX: GMG) shares rose 0.65 percent to close at $28.00 in intraday trading Friday, extending a recent rebound as investors continue to reward the property giant's aggressive pivot toward data centres amid surging global demand for artificial intelligence infrastructure.

BALTIMORE — Shares of Under Armour Inc. (NYSE: UAA) rose sharply on Thursday, closing at $6.27, up 28 cents or 4.67%, as investors showed renewed confidence in the sportswear company's ongoing turnaround efforts amid signs of stabilizing North American sales and international growth.

NORTH CANTON, Ohio — Shares of Diebold Nixdorf Inc. (NYSE: DBD) jumped nearly 6% on Friday, closing at $84.51, up $4.70 or 5.89%, as the banking and retail technology company joined the S&P SmallCap 600 index and investors bet on continued momentum from strong 2025 results and optimistic 2026 guidance.