Nasdaq Hits Record High while Exxon Faces Investor Backlash

Wednesday, 29 May 2024, 00:40
The Nasdaq Composite index reached a historic milestone, surpassing 17,000 points, while Exxon Mobil faces growing pressure from activist investor Elliott. Texas Instruments is also in the spotlight, as Elliot has acquired a significant stake in the chipmaker. The financial markets are abuzz with these strategic movements, signaling potential shifts in the stock market landscape.
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Nasdaq Hits Record High while Exxon Faces Investor Backlash

Nasdaq Hits Record High

The Nasdaq Composite index achieved a historic feat, crossing the 17,000-point mark.

Exxon Mobil Faces Investor Backlash

Exxon Mobil is under pressure from activist investor Elliott, who has taken a $2.5 billion stake in the company.

Texas Instruments in Focus

Elliott has also targeted Texas Instruments, acquiring a significant stake in the chipmaker.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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