News driving stock prices

The stock market is experiencing fluctuations due to a combination of factors:

1. **Takeover News**: Peraso Inc. (NASDAQ: PRSO) saw a surge in volume following a takeover news article. Mobix Labs, Inc. (NASDAQ: MOBX) has proposed an unsolicited, non-binding acquisition deal, offering a 20% premium over Peraso's 30-day average share price. This deal aims to combine the companies' strengths in the mmWave, defense, and 5G semiconductor sectors, potentially creating a more robust player in these growth markets.
2. **Strong U.S. Economic News**: The U.S. stock market, particularly the S&P 500 and Nasdaq 100, has been under pressure as bond yields climbed following strong economic data. The ISM and JOLTS reports exceeded expectations, leading to higher bond yields and reducing expectations of immediate Fed rate cuts. Additionally, Fed Chair Powell's wait-and-see stance on interest rates, influenced by anticipated inflation impacts from tariffs, has contributed to the pressure on stocks.
3. **Trade Progress**: Stocks have shown optimism with trade progress, as seen in the S&P 500 hitting an all-time high. Although there was a brief disturbance when President Trump announced ending trade discussions with Canada, the market is recovering as talks resume with a target agreement date. This has supported market confidence and driven stock prices upward.
4. **Company-Specific Developments**: Various company news are influencing their stock performances. For instance, PB Fintech's co-founders recently divested a stake worth ₹920 crore through open market transactions. Additionally, Suryoday SFB shareholders reappointed Baskar Babu Ramachandran as MD & CEO, which could impact investor confidence in the company.

In conclusion, these factors are driving the stock market's performance, with a mix of positive developments, such as takeover news and trade progress, and challenges like economic data and company-specific events affecting investor sentiment and stock prices.