Earnings
Zoom Communications beat second-quarter expectations and raised its full-year outlook, but softer third-quarter guidance sent shares lower as investors weighed stronger Enterprise and AI adoption against sluggish Online growth and margin pressure.
Earnings
Abercrombie & Fitch delivered record second-quarter sales and raised its full-year outlook. Tariff refunds boosted reported profit, but stronger margins, full-price selling and growth across brands and regions showed strength beyond the one-time benefit.
Sector
Dick’s Sporting Goods warned of heavier promotions and weaker footwear trends, sending Nike and On Holding lower as investors reassessed demand, product momentum and pricing across the athletic footwear industry.
Rising yields and geopolitical pressure collide with semiconductor weakness and a major shift toward nearly round-the-clock U.S. stock trading.
Business Trends
United Airlines is adding 10 international cities to its 2027 summer schedule, building on strong overseas revenue even as broader travel demand cools and elevated fuel costs pressure the airline industry.
Innovation & Tech
Navitas Semiconductor is expanding deeper into AI data-center power infrastructure with a deal to acquire Claros for up to $232.8 million, more than doubling its identified 2030 addressable market while keeping its existing profitability timeline unchanged.
Business Trends
Kura Oncology CEO Troy Wilson has purchased roughly $2.4 million of KURA shares in two weeks as the company's newly launched leukemia treatment KOMZIFTI posts strong sequential growth in revenue, patient starts and prescriptions.
Earnings
Dick’s Sporting Goods cut its full-year outlook after Foot Locker sales weakened and promotional pressure intensified across athletic footwear and apparel, sending DKS shares sharply lower despite continued comparable-sales growth at the core Dick’s business.
Macro
Technology has weakened ahead of two major market catalysts, with Nvidia earnings and Fed Chair Kevin Warsh’s Jackson Hole speech arriving as semiconductor stocks retreat and rate-hike expectations rise.
Macro
The U.S. Treasury has launched an expanded economic campaign against Iran, targeting oil revenue, shipping, gold, digital assets, technology and aviation. The escalation adds a new geopolitical layer to markets already confronting elevated oil prices, rising bond yields and a sharp rebound in gold.
Sector
Micron and SanDisk fell sharply as reports of possible Chinese memory sourcing by Apple added pressure to an already weak semiconductor sector, while AMD declined ahead of Nvidia’s earnings despite receiving a bullish new Wall Street rating.
Business Trends
Nasdaq and the NYSE plan to expand U.S. stock trading to 23 hours a day starting Dec. 6, opening greater access for global investors while raising concerns about thin overnight liquidity, volatile prices and disadvantages for retail traders.