Wall Street trading saw declines on Thursday, followed by gains on Friday. The leading indices S&P 500, Dow Jones, and Nasdaq weakened by a cumulative rate of 0.1%-0.6% over the last two trading days of the week. Several Israeli stocks stood out during trading, including the merger of Zoz Power with an American SPAC company, which began trading on Nasdaq on Friday. The company is involved in kinetic storage technology for fast charging of electric vehicles.
Additionally, technology company Radcom experienced a change in leadership last weekend. Guy Shemesh was appointed CEO two months ago but announced his departure for personal reasons. Hilik Itman, the chief operating officer at Radcom, will serve as interim CEO while the board searches for a permanent replacement.
One stock saw a significant increase of 12.2% last week due to several reports of received orders totaling $35 million. Another company issued reports regarding a shareholders’ meeting and updates to the CEO’s employment terms. Gilat, a satellite communication solutions provider, also saw an increase in its shares over the past year due to its technological advancements in this field.
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In conclusion, Wall Street saw declines on Thursday followed by gains on Friday resulting in weakness among some leading indices such as S&P 500 and Nasdaq while other Israeli companies such as Zoz Power and Gilat experienced growth through various means like mergers or technological advancements respectively.
