Earnings
Uber shares rose about 7% after stronger third-quarter earnings and robust delivery growth offset slowing ride-hailing revenue, driver shortages, and higher fuel costs. Investors also weighed the company’s expanding autonomous vehicle plans.
Earnings
Duolingo shares surged more than 30% after daily active user growth accelerated and quarterly revenue exceeded expectations. Stronger engagement, improving bookings, and an upbeat fourth-quarter outlook helped offset weaker earnings and margin pressure.
Earnings
Booking Holdings shares surged more than 10% as investors focused on resilient travel bookings, stronger underlying revenue, and earnings growth despite an FTC-related charge. However, slowing international travel and geopolitical disruptions point to a weaker fourth quarter.
Earnings
Block shares jumped nearly 16% after stronger earnings and higher growth forecasts. Square’s payment momentum and lower operating costs supported profitability, while AI expansion, lending risks, and a proposed regulatory settlement remain in focus.
Earnings
McDonald's shares rose more than 5% after mixed third-quarter earnings. Improving traffic trends, renewed value promotions, and specialty beverages supported optimism despite weaker U.S. sales and a costly restaurant modernization plan.
Economy
The U.S. economy continues to expand as consumer spending and manufacturing strengthen. But persistent inflation, rising household expenses, and uneven labor-market conditions complicate the Federal Reserve's outlook.
Earnings
Pfizer raised its 2026 earnings and revenue forecasts after stronger-than-expected third-quarter results. Growth in oncology and newer medicines helped offset declining COVID-19 sales, while investors remained focused on the company's longer-term pipeline.
Earnings
Salesforce agreed to acquire voice AI company Cresta in a reportedly $2.7 billion deal, expanding its customer service automation capabilities. Shares declined as investors assessed acquisition costs, integration risks, and the company's broader AI strategy.
Business Trends
Disney is reportedly considering thousands of layoffs and operating cost reductions of up to 20% in selected areas. CEO Josh D’Amaro aims to redirect savings toward streaming, entertainment, technology, and theme parks ahead of November earnings.
Innovation & Tech
Amazon shares rebound as AWS growth accelerates and analysts raise price targets. Yet expanding AI infrastructure spending and negative free cash flow highlight the growing tension between cloud demand and investment costs.
Sector
Marriott raised its 2026 outlook as strong travel demand, higher room rates, and franchise fees supported earnings. Hyatt's results reinforced hospitality-sector resilience, although regional disruptions and development challenges remain.
Business Trends
Okta joins the S&P 500 on November 4, bringing new institutional attention to the identity security provider as AI-related cybersecurity demand grows. Strong enterprise bookings support its business momentum, while valuation and market volatility remain in focus.