The comments came after the CFO of OpenAI alluded to a federal backstop for new chip investments, which OpenAI CEO Sam Altman refuted later Thursday. Gold is looking to find a strong foothold above the $4,000 threshold early Friday, with buyers returning in tandem with safe-haven flows. The focus now remains on the preliminary release of the University of Michigan Consumer Sentiment data for a fresh take on the health of the US economy. Denny’s said the deal is expected to close in the first quarter of 2026, and then its shares would no longer be listed on the Nasdaq.
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Excluding the Covid pandemic era, this marks the second-worst Challenger Job Cuts print since data collection and reporting began. Shares of big cruise lines fell sharply at the open Tuesday after Norwegian Cruise Line Holdings (NCLH) reported a third-quarter revenue miss. Uber sees fourth-quarter adjusted EBITDA of $2.41 billion to $2.51 billion, which would represent 31% to 36% year-over-year growth. However, the midpoint of that range is below the $2.49 billion consensus projection of analysts surveyed by Visible Alpha. Uber Technologies (UBER) was one of the worst-performing stocks in the S&P 500 early Tuesday after the ridesharing giant issued a soft adjusted EBITDA forecast for the current quarter.
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Meanwhile, investors continue to debate whether tech valuations are too lofty. Chipmaker Qualcomm (QCOM) posted strong earnings and upbeat guidance in after hours, but its stock slid over 4% — reflecting investor disappointment. For the third quarter, Uber reported earnings well above expectations at $6.6 billion, or $3.11 per share, but that included a $4.9 billion “tax valuation release” benefit. Revenue of $13.47 billion grew 20% from a year ago and topped the $13.27 billion consensus. The 10-year Treasury yield, which influences interest rates on all kinds of consumer loans, slipped to 4.09% from 4.11% at yesterday’s close.
With the price of childcare escalating, even faster than rent and college tuition for some families, more mothers are opting out of a job and becoming full-time caregivers for their children. The news sent Pinterest shares down 20% in morning trading and into negative territory for the year. Shares of Snap (SNAP) and Meta Platforms (META) made far more muted early moves by comparison. Product sales increased 12%, with volume growth of 14% but a 4% lower net selling price. For the full year, Zimmer Biomet affirmed its revenue growth guidance of 6.7% to 7.7%, but lowered the top end of its constant currency and organic constant currency revenue growth range projections.
- Mutual funds enable investors to buy a share of a diversified portfolio of DJIA stocks thus providing exposure to the overall index.
- Employers announced over 153,000 job cuts last month, marking the worst October for layoff announcements in 22 years.
- Childcare costs are rising so fast that the price for one child is more than a month’s rent for some families, according to a 2024 report from the Department of Labor.
Shares of the full-service restaurant chain are rocketing 50% in premarket trading Tuesday, a day after it announced it was being acquired by TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises for $620 million in cash. For the year, Norwegian shares are down more than 20%, but Royal Caribbean’s are up roughly 15% and Carnival’s are 8% higher. Productivity improvements may drive inflation below the Fed’s 2% goal, returning it to about the level it was before the pandemic disrupted global supply chains. Analysts at William Blair and UBS, who have neutral ratings for the stock, also voiced concerns Palantir’s valuation would make it one of the more expensive names in software on a free cash flow basis, despite the better-than-expected quarterly results. The tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average finished down a respective 2%, 1.2%, and 0.5% a day after the indexes closed mixed.
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The Warsaw, Ind.-based firm reported revenue that increased nearly 10% year-over-year to $2.00 billion, but it came in a tick below consensus estimates of analysts surveyed by Visible Alpha. The chipmaker yesterday posted record quarterly results and an upbeat outlook on surging demand for its data center chips—and its stock has hardly budged. Advanced Micro Devices (AMD) shares were up about 2%, near $255, in recent trading as the broader tech sector looked to rebound from yesterday’s sell-off. Shares of Axon Enterprises (AXON) tanked 18% in premarket trading Wednesday, a day after the Scottsdale, Ariz.-based firm reported an adjusted profit of $1.17, well below the $1.49 consensus estimate of analysts surveyed by Visible Alpha.
The tech-heavy Nasdaq Composite dropped nearly 2% when markets opened on Tuesday, and was recently down about 1.6% amid a broad stock slump. Software maker Palantir (PLTR) dropped 8% despite blowing past estimates and raising its full-year guidance in its third-quarter earnings report yesterday. With the government shutdown still delaying official data, private measures of the labor market show the job market is still drying up.U.S. Private employers added 42,000 jobs in October, payroll provider ADP said Wednesday. That was more than the 22,000 forecasters had expected, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal. The growth was a rebound after a loss of 29,000 jobs in September, but was slow by historic standards, far below the 221,000 jobs added in October 2024, for instance.
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A general decline in tech stocks is getting a fresh look on Thursday following an initial selloff and brief recovery through the middle of the week. Major stock indexes closed sharply lower Tuesday, with shares of Palantir Technologies leading tech declines even though the AI software firm reported strong quarterly results. One is to use ETFs which allow investors to trade the DJIA as a single security, rather than having to buy shares in all 30 constituent companies. DJIA futures contracts enable traders to speculate on the future value of the index and Options provide the right, but not the obligation, to buy or sell the index at a predetermined price in the future.
Reports from statistical agencies like the Census Bureau, Department of Labor, and Department of Agriculture are all on hold because they lack the staffing to administer the surveys and data collection. The results and outlook offset strong user growth, with the company setting a record with 600 million monthly active users. In the U.S. and Canada, revenue increased 9% to $786 million, and average revenue per user (ARPU) gained 5% to $7.64. Trex Co. (TREX) shares sank to multiyear lows after the maker of deck-building materials posted worse-than-expected results and lowered its outlook, citing a slump in spending for housing projects. Zimmer Biomet Holdings (ZBH) was the worst-performing stock in the S&P 500 on Wednesday afternoon after the medical device maker’s third-quarter revenue came in weaker than expected.
Markets News, Nov. 4, 2025: Stock Indexes End Sharply Lower; Palantir Leads Tech Declines; Bitcoin Sinks
Ozempic sales added 3% to DK30.74 billion ($4.73 billion), better than anticipated. Shares of Zimmer Biomet, which entered Wednesday down 2% this year, dropped almost 14%. Shares of both Seagate Technology Holdings and Western Digital have more than tripled this year and Micron stock has more than doubled amid robust AI infrastructure demand. The tech-heavy Nasdaq, blue-chip Dow Jones Industrial Average, and benchmark S&P 500 closed up a respective 0.7%, 0.5%, and 0.4%.
- With the price of childcare escalating, even faster than rent and college tuition for some families, more mothers are opting out of a job and becoming full-time caregivers for their children.
- The shares included in it are weighted according to price; the index level represents the average of the shares included in it.
- Gold futures declined 1.6% to $3,950 an ounce, while West Texas Intermediate futures, the U.S. crude oil benchmark, fell 1.7% to $60.40 a barrel.
- The firm’s advice, he said, is to “look at your portfolio allocation and stay invested. And that advice has served people well.”
- One is to use ETFs which allow investors to trade the DJIA as a single security, rather than having to buy shares in all 30 constituent companies.
The level of interest rates, set by the Federal Reserve (Fed), also influences the DJIA as it affects the cost of credit, on which many corporations are heavily reliant. Therefore, inflation can be a major driver as well as other metrics which impact the Fed decisions. Yesterday, the indexes all finished in the red, with the Nasdaq dropping 2% as Palantir Technologies (PLTR) shares dropped even though the AI software company posted record quarterly results and raised its full-year revenue outlook. Palantir shares, which entered Wednesday up more than 150% this year, finished today down a further 1.5%. US stocks resumed a steep slide Thursday as concerns about Big Tech continued to dog markets and private jobs data showed a tough month for layoffs in October, spurring a rally in bonds. The Dow Jones tested back below the 47,000 handle, down around 2.6% peak-to-trough after posting record highs just above 48,000 at the end of October.
The Dow Jones Industrial Average (DJIA) tumbled 400 points at its lowest on Thursday, falling to its lowest valuation in nearly two weeks as equity indexes were crushed underfoot by a broad pivot out of AI tech stocks. US economic data is restricted to volatile private datasets amid the ongoing federal government closure, causing investors to fret about wonky release figures that have a poor historical correlation to large-scale government data collection and reporting. The Bethesda, Md.-based company posted adjusted earnings of $2.47 per share on revenue that increased 4% year-over-year to $6.49 billion. Analysts polled by Visible Alpha had expected $2.39 and $6.43 billion, respectively.
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“Marriott’s strong quarterly results underscore the resilience of the hospitality sector amidst an uneven global recovery,” said Brian Mulberry, Senior Client Portfolio Manager at Zacks Investment Management. “International momentum, particularly in the luxury segment, has been a bright spot helping to overcome a little softness in the US revenue per available room (down -0.5%) this quarter.” The shares were down about 2% recently amid a broader market decline led by the tech sector as worries about an AI bubble weigh heavy. Still, longtime bulls at Wedbush led by Dan Ives stood by the stock, saying they were encouraged by the “eye popping” results, and that they’d be buyers of any near-term weakness on a “this is as good as it gets” reaction from the market, with a $230 price target.
The falling price of bitcoin—it hasn’t been below $100,000 since May—comes amid mounting outflows in spot bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust (GBTC) collectively saw net outflows of some $1.3 billion since Oct. 29, according to data platform SoSoValue. Roughly $500 million ran out of spot ether ETFs over the same time period. Including today’s sharp gains, shares of Hertz are up nearly 90% this year.
Risk appetite has not fully enjoyed the treats of a Fed rate cut, strong earnings and trade peace. Fedspeak, the US Supreme Court and US data could challenge the Dollar’s current strength. Aussie and Pound are on divergent paths as respective central banks meet next week. US Challenger Job Cuts showed a net loss of a little over 153K employment positions in October. This marks the highest Challenger figure reported since April of this year, when the Trump administration formally announced its widespread tariff strategy that would take months and several delays to enact.
For the current quarter, Pinterest sees revenue in the range of $1.31 billion to $1.34 billion, while Visible Alpha analysts are anticipating $1.34 billion. The burger chain’s emphasis on inexpensive meals has ic markets review attracted more high-income Americans, the company said, though it hasn’t stemmed a two-year slide in traffic from low-income consumers. Traffic among high-earners increased by nearly double digits last quarter, while visits from low-income households fell by a similar amount, CEO Christopher Kempczinski said on a conference call Wednesday.