US stocks suffer as speculative stock selloff and financials weigh on markets |
Bitcoin, banks, and speculative pockets of the market beloved by retail traders (from quantum computing to nuclear energy) were bludgeoned on Thursday.
The S&P 500 and Nasdaq 100 closed 0.4% and 0.6% lower, respectively, while the Russell 2000 fell about 2%. Stocks that moved higher: |
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Salesforce rose after forecasting strong revenue, with double-digit sales growth expected to return.
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Oracle jumped as executives said the company expects 35% gross margins on large AI infrastructure projects and expects to see $166 billion in cloud infrastructure revenue by FY 2030.
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— Luke Kawa, Markets Editor & Toby Bochan, Managing Editor |
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In the last couple of years, protein has even overtaken carbs in the diet discourse: Google search interest for “high protein” has surged ahead of that for “low carb,” and America’s favorite toaster pastry wants in. Read more. |
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United and rival airlines battered as analyst criticizes the industry’s capacity growth |
Shares of United Airlines fell as much as 9.3% in Thursday afternoon trading during the company’s third-quarter earnings call. Traders exchanged about 16 million shares by 1:10 p.m. ET, nearly three times the full day average volume over the past 30 days. Potentially spooking investors were comments from Bloomberg Intelligence analyst George Ferguson, who doubted capacity numbers amid “pretty soft” fares.
Read more. |
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Salesforce said it expects annual revenue to top $60 billion by fiscal 2030, ahead of Wall Street’s $58.37 billion estimate, per CNBC. The forecast excludes any impact from Salesforce’s pending $8 billion acquisition of data management firm Informatica, slated to close by mid-2026.. Read more.
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