U.S. Steel accepted a merger proposal from Nippon Steel. Teamster Union members voted to authorize a strike at Anheuser-Busch plants across the U.S. in the event wage negotiations fail. Illumina said it plans to divest its interest in Grail after losing a court appeal in the U.S.

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Scholastic lowered its full-year revenue growth outlook. Quanex Building Products did not provide a full-year fiscal 2024 outlook, citing macroeconomic uncertainties.

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Solar stocks advanced after the Fed's signaled multiple rate cuts over the next two years. Merck and Moderna released a positive update for their experimental skin cancer vaccine. Adobe reported solid quarterly results but offered a muted 2024 outlook.

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Take-Two Interactive gained ahead of the company's inclusion in the Nasdaq 100 index. Tesla recalled two million vehicles to fix autopilot errors. Pfizer released weaker-than-expected 2024 annual sales outlook.

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Oracle reported weaker-than-expected revenue growth in its latest quarter. Google-parent Alphabet said it plans to appeal the latest antitrust verdict by a California jury.

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Occidental Petroleum agreed to acquire Permian Basin-based energy producer CrownRock for $12 billion. Macy's received a buyout offer from a consortium of two private equity investors.

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Lululemon estimated a muted holiday sales outlook. RH reported an unexpected quarterly loss. DocuSign reported strong quarterly results but offered a weaker-than-expected outlook.

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Chewy reported a smaller-than-expected increase in quarterly sales, but losses expanded. Dollar General reiterated its annual earnings outlook. ChargePoint attributed the quarterly revenue decline to macroeconomic headwinds.

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U.S. Movers: Box, MongoDB, Toll Brothers

Dec 6, 2023
Scott Peters
Toll Brothers reported a decline in revenue and earnings in the latest quarter, but gross margin improved. MongoDB reported a surge in quarterly revenue, and losses shrank.

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Gitlab reported its first-ever adjusted operating income and forecasted higher sales in the current quarter. Lands End said revenue in the third quarter declined and net losses expanded.

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Alaska Air agreed to acquire Hawaii Airlines, but the merger proposal is likely to face an uphill battle with regulators. Spotify said it plans to lay off 17% of its staff. Cryptocurrency-linked stocks soared after bitcoin jumped above the $40,000 mark.

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Disney reinstated its dividend as the company gears up for a proxy battle with an activist investor seeking board seats. Ulta Beauty reported strong quarterly sales and tightened its fourth quarter and annual outlook. Samsara said quarterly losses shrank.

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Salesforce reported a surge in quarterly earnings. Snowflake said quarterly sales and adjusted free cash flow jumped. Five Below offered the same store sales outlook during the holiday season.

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General Motors reinstated its annual guidance, increased its dividend, and announced a stock repurchase plan. Foot Locker reported better-than-expected quarterly results. Petco took a large goodwill impairment charge. NetApp estimated smaller-than-expected decline in annual sales.

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Fresenius raised its annual revenue and earnings growth outlook. HP reported a decline in fourth-quarter revenue but swung to a profit. Burlington Stores revenue and earnings jumped. Nvidia reported a surge in revenue and earnings in its latest quarter.

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