News · Page 2
The latest WallStreetDigest stories: what moved in the markets, why it moved and what it could mean for a household's money.
· Companies
Coca-Cola slides 2.8% as Abarta Coca-Cola workers go on strike
Coca-Cola shares slid on Friday after Teamsters at Abarta Coca-Cola went on strike, though a broad drop in consumer staples stocks may account for much of the move.
· Companies
American Airlines rises despite fuel costs forcing outlook cut
American Airlines shares rose on Thursday after quarterly results beat analyst forecasts. Higher fuel costs still widened its loss and led the airline to cut its full-year outlook.
· Tech & AI
Chip stocks tumble as oil and AI financing worries weigh
Semiconductor funds and stocks fell sharply on Thursday as higher oil prices, worries about AI financing and a wider tech selloff weighed on the sector. Funds built to magnify chip moves took the hardest hit.
· Economy & Fed
Homebuilder stocks rally as Treasury yields fall on AI spending doubts
Homebuilder shares surged on Thursday as investors moved money from AI-linked stocks into Treasuries, pulling the 10-year yield down to 4.96% and raising the prospect of cheaper mortgages.
· Tech & AI
Meta says it can build superintelligence by scaling up its models
Mark Zuckerberg told analysts that Meta can reach superintelligence by scaling up its AI models, a plan that may keep chip and data center spending high. The shares tumbled 7.0%.
· Tech & AI
NextDC cuts guidance as power delays stall a Melbourne data center
Australia's largest listed data center operator cut its earnings forecast after local opposition to new power lines delayed its flagship Melbourne site. It is a sign that grid access could slow AI building.
· Companies
Procter & Gamble rallies after quarterly results beat estimates
Procter & Gamble shares gained on Thursday after the maker of Tide and Pampers beat profit and sales forecasts and kept its fiscal 2027 outlook, bucking a weak market.
· Tech & AI
Texas Instruments chief says data center demand is still growing
Texas Instruments beat profit forecasts and gave an upbeat outlook, yet its shares slid 1.8% on Thursday as technology stocks fell broadly.
· Earnings
Nasdaq-100 slides 2.9% as space and tech stocks lose ground
The Nasdaq-100 slid 2.9%. AST SpaceMobile neared a 52-week low over a spectrum challenge, and SpaceX shares fell. Tech-heavy funds carry these swings.
· Tech & AI
Amkor expands Nvidia chip packaging deal in South Korea
Amkor Technology signed a new agreement with Nvidia to add advanced chip packaging capacity in South Korea. The deal deepens a partnership built on rising demand for AI chips.
· Tech & AI
Lam Research falls after hours despite narrow earnings beat
Lam Research shares tumbled 7.4% after hours, even though the chip-equipment maker narrowly beat profit and revenue forecasts after a regular session in which the stock slid 1.0%.
· Tech & AI
Meta Platforms rises after hours as quarterly results beat estimates
Meta Platforms beat third-quarter estimates and its shares rose after hours. Higher spending plans and a new class of non-voting stock give shareholders more to weigh.
· Companies
Netflix tumbles after weaker fourth-quarter outlook
Netflix shares fell to a 52-week low after the company's forecast for the fourth quarter came in below expectations. The weak outlook outweighed a third-quarter profit result that topped estimates.
· Tech & AI
SpaceX shows AI revenue growth outpaced by heavy computing spending
SpaceX's third-quarter results show its AI computing unit growing quickly. But capital spending far exceeds the revenue it brings in, leaving Starlink to supply most of the company's operating profit.
· Companies
Thermo Fisher gains after lifting full-year profit outlook
Thermo Fisher Scientific shares rose after the lab supplier beat Q3 forecasts and raised its full-year profit outlook. It pointed to strong demand from drug and biotech customers.
· Tech & AI
Trump orders new AI data centers to generate their own power
President Trump said new large data centers are required to make their own electricity, which could raise building costs. Separately, BlackRock's Larry Fink warned that slower construction could push up inflation.
· Earnings
Tesla beats third-quarter estimates after its stock rallies 3.4%
Tesla's adjusted profit and sales topped analyst forecasts after Wednesday's close, though both came in lower than a year earlier. That gives shareholders and index fund owners a mixed picture.
· Companies
3M rallies after raising its earnings guidance
3M shares climbed 5.8% on Tuesday after the industrial company lifted its profit outlook for 2026, pointing to stronger orders tied to data centers and chipmakers.
· Tech & AI
Anthropic draft IPO filing shows a heavy loss driven by accounting charges
Anthropic's draft IPO filing shows a heavy first-half loss, mostly from accounting charges on convertible notes. The AI company's computing costs also rose ahead of a potential listing.
· Companies
Capital One rallies after hours as earnings top estimates
Capital One's third-quarter earnings and revenue topped analyst forecasts, and its shares climbed after hours. Moves in thin evening trading can change once the regular session opens.
