Main Indexes Shut Sharply Decrease as Tech Shares Slide; Meta, Microsoft Drop After Earnings

Noteworthy S&P 500 Movers on Thursday

1 hr 25 min in the past

Decliners

• Fb, Instagram, and WhatsApp dad or mum Meta Platforms (META) reported third-quarter earnings per share that fell considerably shy of analysts’ forecasts, reflecting the affect of a $16 billion one-time tax cost associated to the One Huge Stunning Invoice. The social media large additionally lifted the low finish of its 2025 capital expenditure forecast and mentioned bills would develop “considerably sooner” subsequent yr, elevating considerations about its steep spending on synthetic intelligence. Meta shares tumbled 11.3%.
• Chipotle Mexican Grill (CMG) inventory fell 18.2%, essentially the most of any S&P 500 part, after the fast-casual burrito chain reported lower-than-expected third-quarter income and lowered its full-year forecast for comparable-restaurant gross sales. The corporate pointed to declines amongst 25- to 34-year-old prospects who make lower than $100,000, a key cohort that Chipotle says is popping to at-home meals choices amid a difficult macroeconomic surroundings.
• Shares of EMCOR Group (EME) dropped 16.6% after the mechanical and electrical building specialist posted its third-quarter outcomes. Though gross sales and earnings got here in forward of expectations, working margins had been down from a yr in the past, and EMCOR’s narrowed full-year steerage didn’t impress buyers.
• Though eBay (EBAY) surpassed third-quarter income and adjusted revenue estimates, its steerage for the important vacation quarter got here in beneath expectations, and its shares slid 15.9%. The e-commerce firm famous decelerating development within the quantity of products imported into the U.S. from key markets following the elimination of the de minimis exemption.

Advancers

• Shares of logistics firm C.H. Robinson Worldwide (CHRW) motored 19.7% larger, logging the S&P 500’s prime efficiency Thursday. The freight forwarder has built-in AI to automate varied processes, from offering quotes for delivery providers to monitoring shipments. AI-driven effectivity contributed to a big year-over-year decline in working bills, whereas C.H. Robinson’s worker headcount is down greater than 10% from a yr in the past.
• Medical and pharmaceutical distributor Cardinal Well being (CAH) beat gross sales and adjusted revenue estimates for its fiscal first quarter of 2026 and raised its full-year forecasts. The corporate benefited from sturdy demand for high-margin specialty medicines and branded medication. Its shares soared 15.4%.
• Moderna (MRNA) shares surged 13.9% following reviews that the vaccine maker has held talks with a big pharmaceutical firm a couple of potential main partnership or buyout settlement. The biotech agency has confronted strain as gross sales taper off for its COVID-19 vaccines. No particulars have emerged in regards to the nature or scope of a doable deal.

–Michael Bromberg

Apple Inventory Jumps as CEO Predicts Finest Vacation Season Ever

1 hr 34 min in the past

Apple is on a record-setting streak.

Shares of Apple (AAPL) had been up greater than 3% in prolonged buying and selling Thursday, topping their latest highs after the iPhone maker posted earnings that exceeded analysts’ estimates and CEO Tim Cook dinner gave an upbeat outlook for the vacation season.

Apple reported fiscal fourth-quarter earnings per share of $1.85 on income that rose 8% year-over-year to $102.47 billion. Each figures got here in forward of analysts’ estimates compiled by Seen Alpha, as Apple’s providers income climbed to a file excessive of $28.75 billion.

Development in Apple’s iPhone gross sales additionally helped drive the better-than-expected outcomes, after the corporate launched its iPhone 17 lineup in September. Gross sales of iPhones rose 6% to $49.03 billion within the fourth quarter, contributing the majority of Apple’s product income.

The determine additionally represented a September quarter income file for the iPhone, with CEO Tim Cook dinner suggesting that would imply a file vacation season forward.

“We count on December-quarter income to be one of the best ever for the corporate and one of the best ever for iPhone,” CEO Tim Cook dinner mentioned on the corporate’s earnings name Thursday, anticipating 10% to 12% income development.2

Apple shares had been up about 8% for 2025 by way of Thursday’s shut. This week’s positive aspects have boosted Apple’s market capitalization above $4 trillion, making it the phrase’s second-most-valuable firm behind solely AI chipmaker Nvidia (NVDA).

–Kara Greenberg

Amazon Inventory Pops as Earnings High Estimates

1 hr 57 min in the past

Amazon (AMZN) shares jumped in prolonged buying and selling Thursday after the e-commerce and cloud large posted third-quarter outcomes that blew previous analysts’ estimates, pushed by development in its cloud enterprise.

The shares had been up over 13% at round $252 after hours, at what can be their first all-time excessive since early February.

The net retail and cloud computing supplier reported earnings per share of $1.95, up from $1.43 the similar time a yr in the past, and effectively above the analyst consensus compiled by Seen Alpha. Income rose 13% year-over-year to $180.2 billion, additionally beating expectations as gross sales within the firm’s Amazon Internet Companies phase jumped 20% to $33 billion.

“We proceed to see sturdy momentum and development throughout Amazon as AI drives significant enhancements in each nook of our enterprise,” mentioned Amazon CEO Andy Jassy, including that the corporate has notably benefited from “sturdy demand in AI and core infrastructure, and we’ve been targeted on accelerating capability.”

Wanting forward, Amazon mentioned it expects fourth-quarter income to return in between $206 billion and $213 billion, in comparison with the analyst estimate of $208.66 billion.

Earlier this week, Amazon introduced what may very well be its largest layoffs in firm historical past, with plans to scale back its headcount by about 14,000 jobs, by way of layoffs and adjustments to their hiring plans because it and different tech firms look to trim prices elsewhere as they spend tons of of billions on increasing their synthetic intelligence infrastructure.

By way of Thursday’s shut, the shares had been up lower than 2% for 2025, as considerations about tariffs and lagging cloud development weighed on sentiment across the inventory.

–Aaron McDade

Why People Are Nonetheless Spending Huge—Whilst Inflation and Job Worries Develop

3 hr 37 min in the past

Rising inflation, a weak job market, the federal government shutdown and commerce tensions have shoppers on edge. Regardless of that pessimism, economists mentioned shoppers are ready to maintain spending forward of the upcoming vacation season. 

“These challenges might trigger shoppers to gradual their roll however will finally not cease them from getting out and spending this season,” wrote Wells Fargo economists Tim Quinlan, Shannon Grein, and Andrew Thompson. “The very uneasiness that’s spooking shoppers might itself be an element that drives consumption for households in quest of consolation and a way of normalcy.”

October’s client confidence survey, launched earlier this week, confirmed a decline in sentiment, persevering with a development of poor outcomes tied to Trump’s tariff bulletins. The month-to-month Convention Board report confirmed {that a} weak labor market has shoppers frightened about future enterprise circumstances, wages, and job availability. It additionally indicated that vacation spending would fall this yr.

However economists doubt customers will keep on the sidelines this season, with Wells Fargo projecting vacation retail gross sales to rise between 3.5% and 4% from final yr. 

“Now we have lengthy cautioned towards studying an excessive amount of into confidence and sentiment as they don’t all the time function dependable gauges for future client spending,” Wells Fargo wrote. “Retail remedy could also be simply the remedy for households feeling low this vacation season.”

Learn the complete article right here.

–Terry Lane

Starbucks Is Carrying Out a Main Revamp. There Are Indicators It is Working.

4 hr 7 min in the past

Starbucks is again in shoppers’ day by day grind.

The corporate’s year-long turnaround marketing campaign is gaining floor, executives mentioned on a convention name Wednesday. Identical-store gross sales began to develop on a year-over-year foundation within the fiscal fourth quarter after a year-and-a-half of declines. Enterprise improved amongst Starbucks Rewards members and less-frequent guests, displaying the Again to Starbucks marketing campaign is on observe, CEO Brian Niccol mentioned.

Comparable gross sales at Starbucks-operated shops within the U.S. “turned optimistic in September, pushed by transactions, and it [has] remained optimistic by way of October, reflecting the momentum taking form in our enterprise,” Niccol mentioned, in line with a transcript made out there by AlphaSense. 

Identical-store gross sales in North America had been flat within the quarter ended Sep. 28 in comparison with the year-earlier interval, snapping a six-quarter streak of damaging numbers, in line with knowledge from Seen Alpha. Globally, same-store gross sales reversed an equally lengthy interval of decline, rising 1% year-over-year.

Learn the complete article right here.

–Sarina Trangle

CH Robinson Worldwide Is High-Performing Inventory in S&P 500 Thursday

4 hr 42 min in the past

C.H. Robinson Worldwide (CHRW) was the top-performing inventory within the S&P 500 Thursday, a day after the transportation and logistics firm reported better-than-expected third-quarter revenue and lifted its fiscal 2026 working revenue goal.

Shares of the Eden Prairie, Minn.-based agency soared about 20% to an all-time excessive after it posted adjusted earnings of $1.40 per share. Analysts surveyed by Seen Alpha had anticipated $1.30.

Income of $4.14 billion was down almost 11% year-over-year and beneath estimates of $4.23 billion, which CEO Dave Bozeman attributed to “unfavorable circumstances for world transportation firms within the third quarter.”

Nevertheless, Bozeman mentioned that “there isn’t any doubt in our minds that we’re on the fitting path to ship sustainable outperformance. Our mannequin, with an industry-leading price to serve, is extremely scalable and we count on it’ll enhance additional as we harness the evolving energy of AI to drive automation throughout the quote-to-cash lifecycle of a load.”

Primarily based on what CFO Damon Lee mentioned was “confidence in our technique, our disciplined execution, and our vital runway for additional enchancment,” C.H. Robinson raised its fiscal 2026 working revenue forecast by roughly $50 million to a variety of $965 million to $1.04 billion. “The underside finish of this vary, which assumes zero market quantity development, equates to roughly $6 of earnings per share,” Lee added. Seen Alpha consensus had referred to as for fiscal 2026 earnings of $5.62 per share.

Together with as we speak’s sharp positive aspects, C.H. Robinson shares have added half their worth this yr.

Apple Is Set to Report Earnings Right this moment. This is What You Must Know

5 hr 52 min in the past

Apple (AAPL) is ready to report its fiscal fourth-quarter earnings after the closing bell as we speak, with Wall Avenue analysts on the lookout for sturdy outcomes on the highest and backside strains.

After some indicators of a sturdy begin to early gross sales of the iPhone 17 lineup, bullish analysts at JPMorgan and Morgan Stanley lately instructed shoppers their expectations round Apple’s outcomes have climbed, with that momentum prone to carry into an upbeat outlook for the present quarter and winter vacation season.

Extra particulars round broadly anticipated synthetic intelligence options and potential plans for a foldable telephone in 2026 may additionally drive extra enthusiasm for Apple’s inventory, they mentioned. Choices pricing suggests merchants count on Apple inventory may transfer about 3% in both route by the tip of this week following the corporate’s earnings name, which may drive the inventory to a brand new file.

Apple shares have climbed about 8% in 2025 up to now, lagging the S&P 500’s almost 17% acquire, after spending a few of the yr in damaging territory amid worries about its AI progress. Apple’s positive aspects have largely are available the previous few months, after some indicators of inroads with the Trump administration and easing commerce coverage headwinds, together with promising demand alerts for the iPhone 17.

Learn the complete article right here.

–Kara Greenberg

Amazon Is Set to Report Earnings Right this moment. This is What Buyers Ought to Know

6 hr 7 min in the past

Amazon is scheduled to report third-quarter earnings after markets shut on Thursday, and all eyes are prone to be on the e-commerce large’s cloud enterprise. 

Amazon is predicted to report third-quarter income of about $178 billion, a 12% improve from final yr, in line with analyst estimates compiled by Seen Alpha. Adjusted earnings are anticipated to carry regular at $1.95 a share. 

Whereas Amazon’s e-commerce operation makes up the majority of its enterprise, buyers can be most targeted on its AI efforts, represented by cloud income and capital expenditures. Amazon’s cloud development of 17.5% within the second quarter exceeded official expectations, however disillusioned Wall Avenue after two blowout reviews from rivals Microsoft (MSFT) and Alphabet (GOOG). On Wednesday, each of these firms once more posted cloud income effectively forward of Wall Avenue’s estimates, setting one other excessive bar for Amazon to clear. 

Buyers can also be primed for Amazon to extend its capital expenditures steerage after Alphabet and Meta Platforms (META) did so with their reviews Wednesday. Amazon’s second-quarter capex of $32.2 billion was about 25% larger than analysts anticipated. Wedbush analysts count on Amazon’s full-year capex to whole $119 billion, implying development of about 10% between the primary and second halves of this yr.

Learn the complete article right here.

–Colin Laidley

Core Scientific Shareholders Reject Proposed $9B Acquisition by CoreWeave

6 hr 29 min in the past

Core Scientific shareholders evidently didn’t suppose CoreWeave’s proposed acquisition of the agency valued it extremely sufficient.

Core Scientific (CORZ) introduced Thursday that its shareholders “didn’t obtain the votes essential to approve the beforehand introduced merger settlement with CoreWeave” at a particular assembly.

In July, CoreWeave (CRWV) reached an settlement to amass its longtime knowledge middle accomplice in an all-stock deal value roughly $9 billion. Nevertheless, final week proxy advisor Institutional Shareholder Companies, or ISS, panned the deal forward of as we speak’s shareholder vote, saying “the market believes the corporate’s worth is bigger than the provide.”

Core Scientific shares rose 4% after the vote, and are up greater than 50% this yr. Shares of CoreWeave—which rents out entry to Nvidia (NVDA) graphics processing models—fell 5% however have greater than tripled for the reason that agency’s IPO again in March.

Alphabet Inventory Hits Document Excessive After Google Guardian Experiences Robust Earnings—Monitor These Key Ranges

7 hr 33 min in the past

Alphabet (GOOGL) shares jumped to a file excessive Thursday after the Google dad or mum reported earnings that topped Wall Avenue estimates, as quarterly income surpassed $100 billion for the primary time.

The tech large’s prime line obtained a lift within the third quarter from Google Cloud posting a 34% soar in income from a yr earlier, as Alphabet prospects make investments billions increasing their AI infrastructure and knowledge analytics capabilities. In the meantime, income within the firm’s legacy promoting enterprise grew 13% within the interval, signaling that the digital advert market stays steady amid financial uncertainty and growing competitors. The corporate additionally raised its capital expenditure spending forecast for the yr to between $91 billion to $93 billion, citing booming AI demand.

Alphabet shares had been up almost 5% at round $288 in latest buying and selling and have now gained greater than 50% for the reason that begin of 2025, making it the top-performing Magnificent Seven-member inventory this yr, barely forward of AI favourite Nvidia (NVDA). Buyers have cheered the corporate’s accelerating development in AI and cloud, resilience in its promoting enterprise, and an antitrust win that allowed it to retain its Chrome browser. 

Alphabet shares broke out from a flag sample earlier this month, indicating a continuation of the inventory’s sturdy uptrend.

It’s value declaring that whereas the relative energy index confirms bullish worth momentum, the indicator sits in overbought territory, growing the probability of near-term profit-taking or consolidation.

Learn the complete technical evaluation piece right here.

–Timothy Smith

Fox Inventory Surges After Stronger-Than-Anticipated Outcomes, Powered by Tubi, Sports activities

8 hr 40 min in the past

Fox reported. Buyers determined.

Shares of Fox Corp. (FOX) jumped 6.5% Thursday after the media large reported better-than-expected fiscal 2026 first-quarter outcomes.

Fox posted adjusted earnings of $1.51 per share on income that elevated 5% year-over-year to $3.74 billion. Analysts polled by Seen Alpha had anticipated $1.08 and $3.57 billion, respectively.

The corporate mentioned that its “Tubi AVOD service, stronger information pricing and better sports activities pricing and scores led by the NFL” led to promoting positive aspects of 6%, regardless of decrease political promoting income.

“We’re delivering for audiences with continued engagement development throughout the portfolio which underpins the strong promoting demand we’re seeing throughout sports activities, information, leisure and Tubi,” Fox CEO Lachlan Murdoch mentioned.

Together with as we speak’s sharp positive aspects, Fox shares have added greater than 1 / 4 of their worth this yr.

Boeing Inventory Once more Leads Dow Decliners

9 hr 46 min in the past

For a second straight day, Boeing is the worst-performing inventory within the Dow Jones Industrial Common.

Boeing (BA) shares fell 3.3% to steer blue-chip decliners early Thursday, a day after the airplane maker posted weaker-than-expected revenue and a $4.9 billion cost “related to up to date 777X certification timing.”

Regardless of the two-day fall, shares of Boeing are up about 17% this yr, above the roughly 12% acquire within the Dow.

Eli Lilly Inventory Surges as Drugmaker Lifts Outlook Following Strong Mounjaro, Zepbound Gross sales

11 hr 25 min in the past

Robust gross sales of Eli Lilly’s blockbuster weight-loss therapies Mounjaro and Zepbound are powering its shares Thursday morning.

Eli Lilly (LLY) inventory surged 4% in premarket buying and selling after the maker of diabetes remedy Mounjaro and weight problems drug Zepbound lifted its full-year outlook following stronger-than-expected third-quarter outcomes.

The Indianapolis-based agency reported adjusted earnings of $7.02 per share on income that soared 54% year-over-year to $17.60 billion. Analysts surveyed by Seen Alpha had anticipated $5.91 and $16.06 billion, respectively.

Mounjaro gross sales greater than doubled to $6.52 billion, topping projections of $5.41 billion. Gross sales of Zepbound skyrocketed almost tripled to $3.59 billion, whereas analysts had estimated $3.37 billion.

Consequently, Lilly raised its full-year income steerage to a variety of $63.0 billion to $63.5 billion from the prior $60 billion to $62 billion, and its adjusted EPS outlook to $23.00 to $23.70 from $21.75 to $23.00.

Eli Lilly shares entered Thursday up simply 5% year-to-date, trailing the benchmark S&P 500’s 17% advance.

Chipotle Inventory Sinks on Comparable-Restaurant Gross sales Outlook Lower as Younger Prospects Go to Much less Usually

11 hr 56 min in the past

Younger prospects are making fewer visits to Chipotle.

Shares of Chipotle Mexican Grill (CMG) sank 17% in premarket buying and selling Thursday, a day after the fast-casual chain minimize its comparable-restaurant gross sales outlook because it mentioned inflation is taking a toll.

The Newport Seashore, Calif.-based firm reported third-quarter income of $3.00 billion, up 7.5% year-over-year however beneath the $3.06 billion consensus estimate of analysts polled by Seen Alpha. Adjusted earnings of $0.29 per share matched expectations.

Chipotle now sees full-year comparable-restaurant gross sales down “within the low-single-digit vary” versus its July forecast of “about flat” comparable gross sales. “We proceed to see persistent macroeconomic pressures,” CEO Scott Boatwright mentioned within the earnings launch.

On a later name with analysts Wednesday, Boatwright mentioned that Chipotle is seeing a “vital pullback” from prospects 25 to 34 years outdated who make lower than $100,000 a yr. “We’re dropping them to grocery and meals at dwelling,” he mentioned. “And so, that client is underneath strain. It’s considered one of our core client cohorts. And so, they really feel the pinch and we really feel the pullback from them as effectively.” 

Chipotle shares entered Thursday having misplaced a couple of third of their worth this yr.

How the Federal Reserve May Inflate or Pop an AI Bubble

12 hr 21 min in the past

Considerations about an AI bubble have some on Wall Avenue warily eyeing Silicon Valley, however others say they’re trying within the incorrect route. Washington, D.C.—particularly the Eccles Constructing, the place the Federal Open Market Committee units financial coverage—is the place the destiny of an AI bubble could also be determined, they are saying. 

“I believe you’re going to have a really exhausting time popping a bubble when the Fed is chopping charges,” mentioned Jeff deGraaf, Chair and Head of Technical Analysis at Renaissance Macro Analysis, on a latest episode of the agency’s weekly Youtube collection. The Dotcom bubble, the U.S. housing bubble, and the Japanese bubble of the late Eighties all popped both whereas or shortly after central banks hiked charges, in line with deGraaf.

Synthetic intelligence has propelled shares to file highs this yr, however latest developments have raised some pink flags. A collection of round offers by the likes of AI bellwethers Nvidia (NVDA) and OpenAI have drawn comparisons to the seller financing agreements that fueled bubbles within the Nineties. The Magnificent Seven account for 35% of the S&P 500, proof of an more and more concentrated inventory market. And the benchmark index’s price-to-earnings ratio isn’t far off the Dotcom Bubble’s peak.

“I believe it’s early,” DeGraaf mentioned of a possible AI bubble, proof of which he argued doesn’t seem like “rampant” but. Although, he warned, “you can have [a] world play out the place the economic system softens, the Fed is pressured to get extra aggressive, and the market completely goes into the stratosphere as a result of they’re trying on the liquidity. And I believe that’s an enormous disconnect that folks don’t admire.”

Learn the complete article right here.

–Colin Laidley

Inventory Futures Level Decrease After Trump-Xi Assembly, Powell Warning, Huge Tech Outcomes

12 hr 36 min in the past

Futures tied to the Dow Jones Industrial Common had been down 0.3%.

S&P 500 futures had been 0.1% decrease.

Nasdaq 100 futures additionally had been down 0.1%.