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.
«We delivered strong volume growth this quarter, reflecting the demand for our medicines and the impact we’re having on patients worldwide,» CEO Robert Bradway said. «With disciplined investment and a pipeline of first-in-class medicines, we’re focused on expanding access, advancing innovation, and sustaining long-term growth.» Shares of the Singapore-based firm, which supplies hard disk drives (HDDs) for data storage, surged after it said it had agreements with lenders to exchange $500 million in debt for cash and stock. The shares included in it are weighted according to price; the index level represents the average of the shares included in it.
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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.
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Despite today’s gains, Marriott shares remain slightly negative for the year. «The forward guidance was optimistic as well, looking to add around 5% in new rooms pushing them over 1.8 million rooms worldwide,» Mulberry said. «This scale and their strong cost management has produced durable earnings growth and supported a consistent dividend that has upside potential if these results continue.»
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.
Index , DJIA
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. Amgen (AMGN) was the best-performing stock in the Dow Jones Industrial Average on Wednesday morning after the biopharmaceutical firm posted third-quarter results that easily topped analysts’ estimates. Major stock indexes ended higher Wednesday, the record-breaking 36th day of the U.S. government shutdown, as investors shook off concerns about an AI bubble and the Supreme Court voiced skepticism about President Donald Trump’s tariffs. Denny’s, whose shares closed at $4.11 Monday, were trading at $6.15 about 90 minutes before the bell after it announced that its board unanimously approved a deal that would see stockholders receive $6.25 per share in cash for each share of company stock they own.
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.
- Including today’s sharp gains, shares of Hertz are up nearly 90% this year.
- The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
- Taser maker Axon Enterprises’ third-quarter sales jumped 31% year-over-year and topped analysts’ expectations.
- Corroborating with steady institutional demand, the retail demand is resurfacing, suggesting further gains for Solana.
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.
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Novo Nordisk, the company behind Wegovy and Ozempic, posted third-quarter adjusted earnings per share of DK4.50 ($0.69), DK20 ($0.03) below the average estimate of analysts surveyed by Visible Alpha. Revenue was up 5.1% to DK74.98 billion ($11.53 billion), also short of forecasts. Given the freeze on government economic data releases because of the shutdown, investors paid extra attention to this morning’s ADP employment report, which revealed that the private sector added 42,000 jobs in October, well ahead of expectations of an increase of 22,000. The shutdown is expected to delay Friday’s release of the October U.S. jobs report. The aggregate performance of the component companies revealed in quarterly company earnings reports is the main one. US and global macroeconomic data also contributes as it impacts on investor sentiment.
- 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.
- SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.
- Despite the strong results, several Wall Street analysts said they worry Palantir’s stock could be overvalued after a torrid rally this year.
- «This scale and their strong cost management has produced durable earnings growth and supported a consistent dividend that has upside potential if these results continue.»
- Apple shares were up nearly 1% Tuesday while many of its tech brethren are declining sharply.
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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.
Jefferies and HSBC analysts, who have «buy» or equivalent ratings for the stock and $300 price targets, said they came away from Tuesday’s results convinced of AMD’s potential for more AI-driven growth. Most Wall Street analysts, however, remain bullish on the chipmaker’s stock amid expectations of growing market share for AMD. Fellow data-storage firms Micron Technology (MU) and Western Digital (WDC) also were among the top gainers in the benchmark index today, rising 9% and 7%, respectively, to their own record highs. Investors also turned their attention to Tesla’s (TSLA) pocket option review shareholder meeting, scheduled to start at 4 p.m. A vote on Elon Musk’s proposed trillion-dollar pay package is the main event, amid worries he will quit as the EV maker’s CEO if the plan is rejected. Shares of other megacap chip giants like Nvidia (NVDA) and AMD (AMD) also declined to session lows after the Trump administration’s AI and crypto czar David Sacks said there would be «no federal bailout» for the artificial intelligence industry.
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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For the year, Marriott sees worldwide RevPAR up 1.5% to 2.5%, with the midpoint above consensus, and net rooms growth of 5%. This year, for the first time since 2021, there was an increase in the number of women who said their family is the reason they are not in the labor force, according to the bank. U.S.-listed shares of Novo Nordisk have lost about 46% of their value this year. Wegovy sales rose 18% to DK20.35 billion ($3.13 billion), below expectations.
«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.
Soaring prices combined with mortgage rates hovering between 6% and 7% in recent months have pushed up monthly mortgage, insurance, and tax payments for newly purchased houses to a median of $3,106, according to the Federal Reserve Bank of Atlanta. That’s a far cry from the 1980s, when typical first-time buyers were in their late 20s. Sales of $710.6 million were about $5 million above analysts’ projections. It was the seventh consecutive quarter that the company’s sales grew at least 30% from the prior-year period. 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. Average costs also surpassed the average annual tuition and fees at a four-year public college by nearly $1,800, according to a report from The Conference Board.
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.