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SoundHound AI has reported a 68% year-over-year revenue increase to $42 million, but its stock has declined 44% year-to-date amid concerns over its net loss.
US stock futures fell on Tuesday, with major indices showing declines. The Senate passed a bill, and the Fed is likely to cut rates in December. Several companies reported mixed earnings.
Wall Street finished a volatile week with its first weekly loss in a month, as tech stocks wavered and a government shutdown withheld key economic data.
S&P 500 forward earnings per share have climbed to a new record high, nearing $300, propelled by the dominant performance of the "Magnificent 7" tech companies.
Cigna's stock fell over 17% despite reporting a 10% rise in Q3 revenue. Investor concern is focused on future profit pressure from new contracts and a shift to a rebate-free drug model.
Banco Santander has reported a record net profit of €3.50 billion for the third quarter, marking its sixth consecutive quarter of record earnings, largely due to strong performance in the U.S.
U.S. stock indexes hit new records as PayPal and UPS shares surged on positive corporate news, while companies like F5 and Royal Caribbean faced declines.
Global markets take a cautious stance as investors await a key interest rate decision from the U.S. Federal Reserve and digest a heavy slate of corporate earnings reports.
U.S. markets hit record highs Friday, driven by a positive inflation report and strong corporate earnings. Ford shares soared over 12%, while Deckers Outdoor plunged on a weak outlook.
U.S. stock futures fell on Thursday amid disappointing earnings from tech giants like Tesla and IBM, coupled with rising U.S.-China trade tensions.
General Motors raised its profit forecast for the year, leading to a nearly 10% stock surge, after scaling back its near-term electric vehicle production plans.
A strong start to the third-quarter earnings season is boosting investor confidence, with 86% of S&P 500 companies beating profit estimates so far.
