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Nasdaq posts worst weekly drop in months as Dow edges up
The Nasdaq fell 3.64% on the week — its worst weekly stretch in months — while the S&P 500 dropped 1.43% and the Russell 2000 slid 2.43%, even as the Dow eked out a 0.93% weekly gain. Volatility rose (VIX 17.02, VXN 22.89), highlighting a split market between mega-cap tech weakness and broader resilience; the note also flags company-specific news including CLPS reporting FY2026 revenue up 4.7% to $172.2M with strong growth outside mainland China.
CLPS Incorporation Reports Financial Results for the Second Half and Full Year of Fiscal 2026
CLPS to report 2H and full-year FY2026 results before market open Oct 16
CLPS (NASDAQ: CLPS) will release its second half and full-year fiscal 2026 financial results before the market opens on Friday, October 16, 2026. The announcement only gives the date/time and includes no preliminary results or guidance.
CLPS regains Nasdaq $1.00 minimum bid-price compliance
CLPS (Nasdaq: CLPS) said Nasdaq notified the company it has regained compliance with the exchange's $1.00 minimum bid-price rule after its common share closed at $1.00 or higher for 10 consecutive trading days from Aug. 20 through Sept. 2, 2026. Nasdaq confirmed CLPS now meets Listing Rule 5450(a)(1) and the matter is closed.
CLPS completes AI-driven modernization of 30-year mortgage system for major international bank
CLPS (NASDAQ: CLPS) said it finished an AI-driven modernization of a 30‐year‐old mortgage loan system for a major international bank, replatforming legacy VB/COBOL/Access components to a Java/React/PostgreSQL stack and rebuilding ~1,124 database tables into a modern system of ~984,863 lines of code. Using its proprietary 'Know Your System' LLM-based reverse-engineering plus expert verification, the project was delivered by just over 20 developers in 16 months (vs. an estimated 80 devs/5 years), deployed on-premises for compliance, and reportedly saved the client millions, though the release provides no contract value or independent verification.