Allegro MicroSystems ALGM Slides 632 Amid Market Pressure Testing Key Support Levels QXO Launches Hostile Takeover Bid for Beacon Escalating BuildingProducts Consolidation Play LESL Q1 2026 Earnings WiderThanExpected Loss Fails to Stall Stock Surge US Jobless Claims Drop to Lowest Since MidMay Signaling Labor Market Resilience