S&P 500, Nasdaq Slide as Huge Tech Shares Droop; Dow Touches All-Time Excessive as Residence Depot Rises After Earnings

Finest Purchase Launches U.S. Digital Market

34 minutes in the past

Now you can go to Finest Purchase’s web site for every part from a statue of Ganesh enjoying the flute to a set of champagne flutes.

Finest Purchase (BBY) doubled the variety of merchandise accessible via its web site and app whereas launching a U.S. market Tuesday that’s open to a whole lot of manufacturers not carried in its shops, similar to Martha Stewart, Crock-Pot, and World Vast Stereo. {The marketplace} affords extra know-how and faucets into new classes, together with sports activities staff merch, seasonal decorations, and musical devices, in addition to toys and puzzles, Finest Purchase stated in a press launch and Q&A.

“Our prospects have all the time appeared to us to carry pleasure and inspiration in methods solely know-how can,” Frank Bedo, chief market and eCommerce officer at Finest Purchase, stated in an announcement. By {the marketplace}, “we will really supply the complete expertise they want,” the assertion stated.

The electronics big, which already has a third-party platform in Canada, is the newest retailer to launch a web based market—a transfer that permits firms to increase their product portfolio with out investing in stock or cupboard space. Walmart (WMT), Goal (TGT), Lowe’s (LOW), Nordstrom, and Ulta (ULTA) have launched or shared plans to launch a market, in response to firm bulletins. Digital marketplaces are estimated to facilitate a whole lot of billions of {dollars} in annual gross sales.

Buyers cannot at present have market purchases shipped to a retailer for pickup, however Finest Purchase places will facilitate returns, a spokesman stated.

Finest Purchase shares have been up about 4% in current buying and selling however are down greater than 12% for the 12 months. In late Could, the corporate reported blended first-quarter outcomes and lowered its full-year outlook due to tariffs.

–Sarina Trangle

Palo Alto Networks Shares Surge on Sturdy Earnings, Outlook

1 hr 44 min in the past

Shares of Palo Alto Networks (PANW) jumped Tuesday, a day after the cybersecurity agency posted better-than-expected outcomes and steerage as prospects demanded more and more highly effective instruments to struggle hackers.

The corporate reported fiscal 2025 fourth-quarter adjusted earnings per share of $0.95, with income up 16% year-over-year to $2.54 billion. Each exceeded estimates of analysts surveyed by Seen Alpha.

CEO Nikesh Arora stated the efficiency “displays a basic market shift through which prospects perceive {that a} fragmented protection is not any protection in any respect in opposition to trendy threats. They’re partnering with us as a result of our platforms are designed to work in live performance, creating highly effective operational synergies that ship superior, close to real-time outcomes and the effectivity our prospects want.” 

Palo Alto Networks sees fiscal 2026 adjusted EPS of $3.75 to $3.85, and income of $10.475 billion to $10.525 billion. Seen Alpha forecasts have been for $3.67 and $10.431 billion, respectively. Its current-quarter revenue and income projections additionally topped estimates.

Together with the outcomes, the corporate additionally introduced that its founder, Nir Zuk, was retiring as Chief Technical Officer and stepping down as a member of the board. Zuk is being changed by Chief Product Officer Lee Klarich in each positions.

Palo Alto shares have been up 4.5% in current buying and selling, pushing the inventory into constructive territory for the 12 months.

–Invoice McColl

Residence Depot Inventory Jumps as Firm Affirms Outlook

2 hr 26 min in the past

Residence Depot (HD) shares rose in early buying and selling Tuesday after the largest home-improvement retailer affirmed its steerage as do-it-yourself and enormous challenge demand elevated.

The corporate reiterated its full-year outlook for gross sales rising about 2.8%, and comparable retailer gross sales progress of roughly 1.0%.

CEO Ted Decker stated that the “momentum that started within the again half of final 12 months continued all through the primary half as prospects engaged extra broadly in smaller residence enchancment initiatives.” In an interview, CFO Richard McPhail famous that the corporate noticed comparable gross sales improve each month within the quarter.

The feedback got here as Residence Depot reported blended second-quarter outcomes. Gross sales gained 4.9% year-over-year to $45.28 billion, a tad increased than estimates of analysts surveyed by Seen Alpha. Adjusted earnings per share of $4.68 narrowly missed forecasts.

Comparable retailer gross sales have been 1.0% increased, and whereas that was a tick under expectations, it was properly above final 12 months’s decline of three.3%. Comparable common tickets superior 1.4%, in comparison with a drop of 1.3% in 2024. 

Residence Depot shares have been up about 4% in current buying and selling.

–Invoice McColl

Intel Jumps as SoftBank to Make investments $2 Billion

2 hr 55 min in the past

Intel (INTC) shares surged in early buying and selling Tuesday on information that Japan’s SoftBank Group is making a $2 billion funding within the struggling U.S. chipmaker.

SoftBank can pay $23 for every Intel share, a slight low cost to Monday’s closing worth of $23.66, the businesses introduced.

“This strategic funding displays our perception that superior semiconductor manufacturing and provide will additional increase in america, with Intel enjoying a crucial function,” stated SoftBank CEO Masayoshi Son, who final December introduced plans for the agency to make investments round $100 billion within the U.S. with President-elect Donald Trump.

Final week, Bloomberg reported that the Trump administration was in talks to take a stake within the chipmaker, and yesterday reported the U.S. would purchase round 10% of Intel by changing some or all the firm’s CHIPS and Science Act grants into fairness. Such a stake would make the U.S. the embattled chipmaker’s largest shareholder, the report stated. The White Home did not instantly reply to a request for remark.

Final month, Intel’s second-quarter gross sales topped analysts’ estimates however the firm unexpectedly swung to an adjusted loss and CEO Lip-Bu Tan introduced layoffs in a memo to workers.

Intel shares have been up greater than 10% at round $26 in current buying and selling.

–Nisha Gopalan

Main Index Futures Little Modified

4 hr 27 min in the past

Futures tied to the Dow Jones Industrial Common have been up 0.1%.

S&P 500 futures slipped 0.1%.

Nasdaq 100 futures have been additionally down 0.1%.