Price Action - Market Brief (Page 11)

Earnings

Marmaxx Weakness Weighs on TJX Despite Strong Q2 Margins and Higher Profit Outlook

TJX delivered 4% comparable-sales growth, stronger margins and a higher full-year profit forecast, but weakness at its largest division and softer near-term guidance pushed the stock lower.

Moderna and Merck cancer vaccine succeeds in Phase 3 melanoma trial

Innovation & Tech

Moderna’s Cancer Vaccine Breakthrough Validates mRNA Platform as Merck Gains

Moderna and Merck reported the first positive Phase 3 results for an individualized mRNA cancer therapy, sending MRNA stock sharply higher. The melanoma study met key endpoints when Moderna’s intismeran was combined with Merck’s Keytruda.

Marvell gains Google custom AI chip deal as Broadcom shares fall

Innovation & Tech

Google’s Marvell Chip Deal Expands AI Supply Chain as Broadcom Shares Slide

Google is expanding its custom AI silicon partnership with Marvell, giving the chipmaker a path to significant long-term revenue and Google a potential $12.2 billion stake. Marvell shares jumped while Broadcom fell as investors assessed the changing supplier mix.

Target sales and traffic improve as merchandising reset lifts 2026 outlook

Earnings

Target’s Traffic Recovery and Merchandising Reset Lift Outlook

Target delivered another quarter of sales and traffic growth as merchandise changes, lower prices and stronger digital demand gained traction. A tariff refund boosted headline earnings, but underlying margins and profit guidance also improved.

30-year Treasury yields surge as bond market pressure weighs on stocks and borrowing costs

Macro

30-Year Treasury Yield Surge Tightens Financial Conditions and Pressures Tech Stocks

Long-term U.S. borrowing costs climbed to levels not seen since 2007 as oil-driven inflation fears, heavy debt issuance and fiscal concerns hit the bond market. The rise in yields pressured technology stocks and pushed borrowing costs higher across the economy

Klarna stock falls as weaker European demand drives a 2026 guidance cut

Earnings

Klarna’s Guidance Cut Exposes European Consumer Weakness Despite Strong BNPL Growth

Klarna delivered double-digit growth in volume, revenue and transaction margins, but weaker European spending and currency effects forced a 2026 outlook reset. The guidance cut sent KLAR stock sharply lower despite improving profitability and strong U.S. growth.

SpaceX and Tesla stocks draw attention as ownership and merger speculation reshape sentiment

Business Trends

SpaceX Ownership Surge and Tesla Merger Speculation Put Musk’s Two Stocks on the Same Radar

SpaceX rallied as major institutional holdings came into view, while Tesla increasingly traded alongside Musk’s space and AI company as investors weighed merger speculation, AI ambitions and billions of shares scheduled to unlock.

Nike stock falls to an 11-year low as China and digital sales pressure its turnaround

Business Trends

Nike’s Turnaround Struggles Deepen as China, Digital Sales and Brand Momentum Weigh on the Stock

Nike shares fell to their lowest level since 2014 as weakness in China, shrinking direct and digital sales, and concerns about the cost of its turnaround continue to challenge confidence in a sustainable recovery.

Earnings

Improving Comps Signal Early Progress in Grocery Outlet Turnaround

Grocery Outlet’s Q2 results showed improving comparable sales, stronger-than-expected earnings and a higher full-year outlook. The gains support early stabilization at the extreme-value retailer, but negative comps, lower margins and debt keep the turnaround incomplete.

Micron and Sandisk memory chips benefiting from expanding AI data-center demand

Innovation & Tech

AI Memory Demand Drives Micron and Sandisk as Wall Street Rethinks the Cycle

Micron and Sandisk shares climbed as tight memory supply, rising DRAM and NAND prices, and expanding AI data-center demand strengthened the case that the current memory boom could prove more durable than previous cycles.

Earnings

Elevated Expectations Weigh on Applied Materials Despite AI-Driven Growth

Applied Materials delivered record Q3 revenue and stronger-than-expected Q4 guidance, but AMAT shares fell as investors focused on flat margin guidance and an elevated expectations bar following the stock’s sharp 2026 rally.

Reddit stock surges as S&P 500 inclusion creates new institutional demand

Price Action

S&P 500 Inclusion Drives Reddit Higher as Index Demand Meets Strong Revenue Growth

Reddit is joining the S&P 500 after eight straight quarters of revenue growth above 60%. The announcement sent RDDT sharply higher as index demand provides a new catalyst while investors weigh slowing U.S. user growth and AI-driven search disruption.