Earnings
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.
Macro
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
Earnings
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.
Business Trends
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.
Business Trends
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
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.
Innovation & Tech
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
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.
Price Action
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.
Price Action
Netflix (NFLX) rallied after Bill Ackman’s Pershing Square disclosed a new position following a roughly 50% decline from its 2025 high. The fund points to stronger margins, double-digit revenue growth and expanding advertising revenue as key changes since its 2022 exit.
Business Trends
Wendy’s shares surged after a report that Nelson Peltz’s Trian Partners is preparing a potential take-private bid, shifting investor attention from deteriorating traffic and a costly turnaround toward the possibility of a strategic transaction.
Earnings
CAVA shares surged after strong traffic drove 9% same-restaurant sales growth, while improving recent sales trends eased concerns about the impact of broader food-safety fears on the fast-casual chain.