Breaking News
WallStreetDigest's Breaking News: the day's close and the story behind it, published after the closing bell on trading days.
· Breaking News
Welltower rises 1.4% ahead of results that beat profit estimates
Welltower shares rose 1.4% in regular trading before the company reported after the 4 p.m. close. Quarterly earnings per share beat analyst estimates while sales fell just short, a mixed result that could move the stock in the next session.
· Breaking News
Coca-Cola slides 2.8% as Abarta Coca-Cola workers go on strike
Teamsters at Abarta Coca-Cola launched a strike over alleged unfair labor practices, seeking a fair contract and affordable health care. Consumer staples stocks also slid broadly. The strike may explain only part of the drop for shareholders.
· Breaking News
Nasdaq-100 slides 2.9% as space and tech stocks lose ground
AST SpaceMobile shares neared a 52-week low after ViaSat challenged its overseas spectrum request. A class action and a strong SpaceX quarter also weighed on the shares. A Nasdaq-100 index fund lost about $29 for each $1,000 held, and tech-heavy portfolios could stay sensitive to similar swings.
· Breaking News
Tesla beats third-quarter estimates after its stock rallies 3.4%
Tesla's adjusted profit and sales beat analyst estimates after the close, though profit fell from a year earlier. The stock rose 3.4% in regular trading beforehand. The results could sway the shares in coming sessions, which may matter for many index fund holders.
· Breaking News
SpaceX swings to a profit and tops sales forecasts after the close
SpaceX swung to a quarterly profit and beat analyst sales estimates in results released after the 4 p.m. close. Shares edged down 0.1% in regular trading. The results could matter for index funds that hold the stock.
· Breaking News
Alphabet rises 1.1% as tech shares lead a quiet Monday
Alphabet added $21 billion in market value as technology shares led the Nasdaq-100 higher. TeraWulf's chief executive separately pointed to Google backing for its data centers, a sign that Alphabet's AI spending could reach smaller suppliers.
· Breaking News
Nvidia slips 1.4% on claims it pressured smaller cloud firms
Research firm SemiAnalysis said on X that several smaller cloud providers were refused entry to Nvidia's GTC Berlin event after adding rival chips. Nvidia is a large holding in many index funds, so a move in its shares could reach everyday portfolios.
· Breaking News
Nvidia falls 1.8% despite Huang saying chip orders outpace supply
Nvidia lost $98 billion in market value as worries about debt-funded AI spending weighed on chip stocks. Chief executive Jensen Huang said new orders arrive almost daily. Index fund holders could still feel swings in a stock this large.