Market Update
Rate-Cut Optimism Keeps Market Indexes Pointing Higher
Barry Adams
04 Dec, 2025
New York City
Stocks in New York lacked direction as investors debated rate paths ahead of the Fed's rate actions next week.
The S&P 500 increased 0.1%, and the tech-heavy Nasdaq Composite decreased 0.2% as investors reviewed the latest batch of earnings.
Investors are increasingly factoring in a possible 25 basis-point rate cut after the Fed's policy meeting next week. However, those expectations could be dashed if the committee decides to wait and review the impact of the Trump administration's goods tariffs on inflation.
Private businesses trimmed jobs in November, according to the latest data released by ADP on Wednesday.
Businesses cut 32,000 net jobs in November, following an upwardly revised 47,000 gain in October. Employers cut payrolls in four of the last six months, declining by the largest amount since March 2023.
The small companies cut jobs by 120,000, while medium establishments added jobs by 51,000 and large firms increased payrolls by 39,000 in November, according to the ADP's report.
Traders interpreted the labor market's bad news as good news for stocks, and the job market weakness may convince the Fed to lower the fed funds rate range next week.
U.S. Stock Movers
Snowflake dropped 9.7% to $239.20, after the company's weaker-than-expected outlook overwhelmed the fiscal third quarter results.
Revenue increased 29% to $1.2 billion from $942 million, net loss shrank to $291.6 million from $327.9 million, and diluted loss per share eased to 87 cents from 98 cents a year ago.
Snowflake estimated fiscal fourth quarter product revenue to range between $1.195 billion and $1.20 billion, an increase of 27% from a year ago.
In addition, the company estimated product revenue in fiscal year 2026 at $4.446 billion, an increase of 28% from a year ago.
Salesforce increased 1.2% to $238.72 after the customer relations management software company reported mixed results in the fiscal third quarter ending in October.
Revenue increased 10% to $10.3 billion from $9.44 billion, net income advanced to $2.1 billion from $1.5 billion, and diluted earnings per share rose to $2.19 from $1.58 a year ago.
The company guided fiscal fourth-quarter revenue to range between $11.13 billion and $11.23 billion, an increase between 11% and 12% from a year ago.
Salesforce estimated diluted net income per share to fall between $1.47 and $1.49 and the current remaining performance obligation to rise by about 15% from a year ago.
For the full-year fiscal 2026, the company estimated revenue between $41.45 billion and $41.55 billion, an increase between 9% and 10%, and diluted earnings per share to range between $7.22 and $7.24.
Rate-Cut Optimism Keeps Market Indexes Pointing Higher
Barry Adams
04 Dec, 2025
New York City
Stocks in New York lacked direction as investors debated rate paths ahead of the Fed's rate actions next week.
The S&P 500 increased 0.1%, and the tech-heavy Nasdaq Composite decreased 0.2% as investors reviewed the latest batch of earnings.
Investors are increasingly factoring in a possible 25 basis-point rate cut after the Fed's policy meeting next week. However, those expectations could be dashed if the committee decides to wait and review the impact of the Trump administration's goods tariffs on inflation.
Private businesses trimmed jobs in November, according to the latest data released by ADP on Wednesday.
Businesses cut 32,000 net jobs in November, following an upwardly revised 47,000 gain in October. Employers cut in four of the last six months, and payrolls declined by the largest amount since March 2023.
The small companies cut jobs by 120,000, while medium establishments added jobs by 51,000 and large firms increased payrolls by 39,000 in November, according to the ADP's report.
Traders interpreted the labor market's bad news as good news for stocks, and the job market weakness may convince the Fed to lower the fed funds rate range next week.
U.S. Stock Movers
Snowflake dropped 9.7% to $239.20, after the company's weaker-than-expected outlook overwhelmed the fiscal third quarter results.
Revenue increased 29% to $1.2 billion from $942 million, net loss shrank to $291.6 million from $327.9 million, and diluted loss per share eased to 87 cents from 98 cents a year ago.
Snowflake estimated fiscal fourth quarter product revenue to range between $1.195 billion and $1.20 billion, an increase of 27% from a year ago.
In addition, the company estimated product revenue in fiscal year 2026 at $4.446 billion, an increase of 28% from a year ago.
Salesforce increased 1.2% to $238.72 after the customer relations management software company reported mixed results in the fiscal third quarter ending in October.
Revenue increased 10% to $10.3 billion from $9.44 billion, net income advanced to $2.1 billion from $1.5 billion, and diluted earnings per share rose to $2.19 from $1.58 a year ago.
The company guided fiscal fourth-quarter revenue to range between $11.13 billion and $11.23 billion, an increase between 11% and 12% from a year ago.
Salesforce estimated diluted net income per share to fall between $1.47 and $1.49, and current remaining performance obligation to rise about 15% from a year ago.
For the full-year fiscal 2026, the company estimated revenue between $41.45 billion and $41.55 billion, an increase between 9% and 10%, and diluted earnings per share to range between $7.22 and $7.24.
Broad Rally Powered 2% Surge In Japan Indexes, Defense and Tech Stocks Led Gainers
Akira Ito
04 Dec, 2025
Tokyo
Japan's market indexes extended this week's gains, reflecting advances in overnight trading in New York.
The Nikkei 225 Stock Average soared 2%, and the broader Topix increased 1.7% as investors debated future rate paths in the U.S. and Japan.
The yield on 10-year Japanese government bonds inched up to a 17-year high of 1.9%, and the Japanese yen hovered at 155.30 yen against the U.S. dollar.
The U.S. Federal Reserve is likely to deliver a 25 basis point rate cut after a two-day meeting on December 10. Policymakers are likely to focus on the rapidly cooling labor market, overlooking the higher-for-longer inflation fueled by a surge in import tariffs.
The Bank of Japan is likely to lift rates, shoring up the faltering yen, shrinking the rate gap between Japan and the U.S., and dampening the so-called "carry trade."
Japan Indexes and Stocks
The Nikkei 225 Stock Average jumped 2% to 50,862.29, and the broader Topix gained 1.7% to 3,392.45.
Industrial robot makers advanced amid renewed interest from foreign investors.
Fanuc Corp. soared 12.5% to ¥5,942.0, Yaskawa Electric jumped 11.3% to ¥4,767.0, and Nabtesco advanced 10.7% to ¥3,798.0.
Defense stocks advanced as Japan ramped up armament purchases and loosened export controls.
IHI Corp. advanced 1.7% to ¥2,955.0, Kawasaki Heavy Industries advanced 5.4% to ¥10,660.0, and Mitsubishi Heavy Industries gained 4% to ¥4,043.0.
Broad Rally Powered 2% Surge In Japan Indexes, Defense and Tech Stocks
Akira Ito
04 Dec, 2025
Tokyo
Japan's market indexes extended this week's gains, reflecting advances in overnight trading in New York.
The Nikkei 225 Stock Average soared 2%, and the broader Topix increased 1.7% as investors debated future rate paths in the U.S. and Japan.
The yield on 10-year Japanese government bonds inched up to a 17-year high of 1.9%, and the Japanese yen hovered at 155.30 yen against the U.S. dollar.
The U.S. Federal Reserve is likely to deliver a 25 basis point rate cut after a two-day meeting on December 10. Policymakers are likely to focus on the rapidly cooling labor market, overlooking the higher-for-longer inflation fueled by a surge in import tariffs.
The Bank of Japan is likely to lift rates, shoring up the faltering yen, shrinking the rate gap between Japan and the U.S., and dampening the so-called "carry trade."
Japan Indexes and Stocks
The Nikkei 225 Stock Average jumped 2% to 50,862.29, and the broader Topix gained 1.7% to 3,392.45.
Industrial robot makers advanced amid renewed interest from foreign investors.
Fanuc Corp. soared 12.5% to ¥5,942.0, Yaskawa Electric jumped 11.3% to ¥4,767.0, and Nabtesco advanced 10.7% to ¥3,798.0.
Defense stocks advanced as Japan ramped up armament purchases and loosened export controls.
IHI Corp. advanced 1.7% to ¥2,955.0, Kawasaki Heavy Industries advanced 5.4% to ¥10,660.0, and Mitsubishi Heavy Industries gained 4% to ¥4,043.0.
China and Hong Kong Indexes Hovered Near Record Levels
Li Chen
04 Dec, 2025
Hong Kong
Stocks in China struggled to advance amid a lack of near-term catalysts and worries about stretched valuations.
The Hang Seng Index and the mainland-focused CSI 300 Index edged up fractionally as investors debated future rate paths in the U.S. and policy outcomes from Beijing.
Benchmark indexes in China and Hong Kong are up 19% and 32% in the year so far, leading most major markets around the world, after expectations of earnings growth recovered.
Traders are hoping that the U.S. Federal Reserve and the Bank of Japan will deliver rate decisions, which could further boost market sentiment.
Closer to home, home builders remained in focus after a recent Hong Kong fire destroyed several buildings and killed at least 150 residents.
Hong Kong residents blamed shoddy construction, a weak regulatory regime, and widespread corruption for the fire.
China Indexes and Stocks
The Hang Seng Index added 0.2% to 25,809.45, and the mainland-focused CSI 300 index inched higher 0.3% to 4,543.93.
Li Auto Inc. decreased 1.5% to HK $68.70, and the company was dropped from the FTSE China indexes.
Zijin Mining Group added 2.2% to HK $33.52, tracking recent gains in the international price of gold and silver.
Industrial and Commercial Bank of China rebounded from morning weakness to an increase of 1% to HK $6.23.
China and Hong Kong Indexes Hovered Near Record Levels
Li Chen
04 Dec, 2025
Hong Kong
Stocks in China struggled to advance amid a lack of near-term catalysts and worries about stretched valuations.
The Hang Seng Index and the mainland-focused CSI 300 Index edged up fractionally as investors debated future rate paths in the U.S. and policy outcomes from Beijing.
Benchmark indexes in China and Hong Kong are up 19% and 32% in the year so far, leading most major markets around the world, after expectations of earnings growth recovered.
Traders are hoping that the U.S. Federal Reserve and the Bank of Japan will deliver rate decisions, which could further boost market sentiment.
Closer to home, home builders remained in focus after a recent Hong Kong fire destroyed several buildings and killed at least 150 residents.
Hong Kong residents blamed shoddy construction, a weak regulatory regime, and widespread corruption for the fire.
China Indexes and Stocks
The Hang Seng Index added 0.2% to 25,809.45, and the mainland-focused CSI 300 index inched higher 0.3% to 4,543.93.
Li Auto Inc. decreased 1.5% to HK $68.70, and the company was dropped from the FTSE China indexes.
Zijin Mining Group added 2.2% to HK $33.52, tracking recent gains in the international price of gold and silver.
Industrial and Commercial Bank of China rebounded from morning weakness to an increase of 1% to HK $6.23.
U.S. Indexes In Holding Pattern Amid Valuation Worries and Rate Path Uncertainty
Barry Adams
03 Dec, 2025
New York City
Stocks seesawed in early trading and attempted to extend the previous week's gains ahead of rate decisions next week.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite inched higher by 0.2% as investors speculated on the rate path.
The U.S. Federal Reserve is set to announce its rate decisions on December 10, and investors are hoping that policymakers will deliver a rate cut, setting aside worries of resurgent inflation.
Investors are cautiously optimistic about holiday sales, despite tariff-driven price increases and a softening job market.
Moreover, leading tech companies are likely to continue their elevated levels of investment in data centers, as tech players jostle for market share.
For the year so far as of Tuesday's close, the S&P 500 index is up 16%, and the Nasdaq Composite gained 21.3%.
In commodities, crude oil prices advanced 1.5% to $59.45 a barrel as traders weighed attacks on Russia's oil assets against oversupply in the seaborne export market.
Gold hovered around $4,210 an ounce as traders held out for a rebound in demand from major central banks in the months ahead as policymakers lighten their holdings of the U.S. dollar.
The Trump administration is actively seeking to devalue the U.S. dollar, and the worries of elevated federal government debt are pushing major central banks away from the world's most heavily traded currency.
U.S. Movers
Okta decreased 3.5% to $78.98 after the cybersecurity company reported results of the fiscal third quarter ending in October.
Revenue increased 12% to $742 million from $665 million, net income soared to $43 million from $16 million, and diluted earnings per share rose to 24 cents from breakeven a year ago.
Okta estimated fiscal 2026 revenue to range between $2.906 billion and $2.908 billion, adjusted operating income to fall between $753 million and $755 million, and adjusted diluted earnings per share between $3.43 and $3.44.
Marvell Technology soared 11.2% to $103.30 after the company reported better-than-expected fiscal third-quarter results and announced an acquisition.
Revenue increased to $2.1 billion from $1.5 billion, net income swung to a profit of $1.9 billion from a loss of $676.3 million, and diluted earnings per share increased to a profit of $2.20 from a loss of 78 cents a year ago.
Marvell estimated fiscal fourth-quarter revenue of $2.2 billion and diluted net income per share of 36 cents.
On August 14, Marvell completed the sale of its automotive Ethernet business to Infineon Technologies AG for $2.5 billion in cash, resulting in a pre-tax gain of $1.8 billion.
"Marvell's results for the third quarter of fiscal 2026 include the results of the automotive ethernet business through the sale date, while prior periods presented include the results of the automotive ethernet business for the entire period," the company added in a statement released to investors.
Marvell agreed to acquire Celestial AI for an upfront cost of $3.25 billion, including $1 billion in cash and 27.2 million of its common stock.
The company agreed to pay an additional $2.25 billion to Celestial AI shareholders if the data datacenter operator meets certain revenue milestones.
The full earnout would be paid if Celestial AI’s cumulative revenue by the end of Marvell’s fiscal year 2029 exceeds $2.0 billion.
U.S. Indexes In Holding Pattern Amid Valuation Worries and Rate Path Uncertainty
Barry Adams
03 Dec, 2025
New York City
Stocks seesawed in early trading and attempted to extend the previous week's gains ahead of rate decisions next week.
The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite inched higher by 0.2% as investors speculated on the rate path.
The U.S. Federal Reserve is set to announce its rate decisions on December 10, and investors are hoping that policymakers will deliver a rate cut, setting aside worries of resurgent inflation.
Investors are cautiously optimistic about holiday sales, despite tariff-driven price increases and a softening job market.
Moreover, leading tech companies are likely to continue their elevated levels of investment in data centers, as tech players jostle for market share.
For the year so far as of Tuesday's close, the S&P 500 index is up 16%, and the Nasdaq Composite gained 21.3%.
In commodities, crude oil prices advanced 1.5% to $59.45 a barrel as traders weighed attacks on Russia's oil assets against oversupply in the seaborne export market.
Gold hovered around $4,210 an ounce as traders held out for a rebound in demand from major central banks in the months ahead as policymakers lighten their holdings of the U.S. dollar.
The Trump administration is actively seeking to devalue the U.S. dollar, and the worries of elevated federal government debt are pushing major central banks away from the world's most heavily traded currency.
U.S. Movers
Okta decreased 3.5% to $78.98 after the cybersecurity company reported results of the fiscal third quarter ending in October.
Revenue increased 12% to $742 million from $665 million, net income soared to $43 million from $16 million, and diluted earnings per share rose to 24 cents from breakeven a year ago.
Okta estimated fiscal 2026 revenue to range between $2.906 billion and $2.908 billion, adjusted operating income to fall between $753 million and $755 million, and adjusted diluted earnings per share between $3.43 and $3.44.
Marvell Technology soared 11.2% to $103.30 after the company reported better-than-expected fiscal third-quarter results and announced an acquisition.
Revenue increased to $2.1 billion from $1.5 billion, net income swung to a profit of $1.9 billion from a loss of $676.3 million, and diluted earnings per share increased to a profit of $2.20 from a loss of 78 cents a year ago.
Marvell estimated fiscal fourth-quarter revenue of $2.2 billion and diluted net income per share of 36 cents.
On August 14, Marvell completed the sale of its automotive Ethernet business to Infineon Technologies AG for $2.5 billion in cash, resulting in a pre-tax gain of $1.8 billion.
"Marvell's results for the third quarter of fiscal 2026 include the results of the automotive ethernet business through the sale date, while prior periods presented include the results of the automotive ethernet business for the entire period," the company added in a statement released to investors.
Marvell agreed to acquire Celestial AI for an upfront cost of $3.25 billion, including $1 billion in cash and 27.2 million of its common stock.
The company agreed to pay an additional $2.25 billion to Celestial AI shareholders if the data datacenter operator meets certain revenue milestones.
The full earnout would be paid if Celestial AI’s cumulative revenue by the end of Marvell’s fiscal year 2029 exceeds $2.0 billion.
Japan Stocks Rebounded and Bond Yield Hovered Near Two-Decade Highs
Akira Ito
03 Dec, 2025
Tokyo
Stocks in Tokyo rebounded as investors returned and searched for bargains in AI-linked stocks.
The Nikkei 225 Stock Average soared 1.5%, and the broader Topix edged up a fraction ahead of rate decisions by the Bank of Japan later in the month.
Market sentiment improved, reflecting a rebound in overnight trading in New York, and tech stocks led gainers in Tokyo.
The yield on the Japanese 10-year bond edged up to 1.9%, and the Japanese yen weakened to 155.45 against the U.S. dollar.
The bond yield hovered near a two-decade high amid expectations that the Bank of Japan is likely to raise rates later in the month.
The U.S. Federal Reserve is set to announce its rate decisions on December 10, and investors are divided about a possible rate increase of 25 basis points.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1.5% to 50,061.65, and the broader Topix edged up 0.1% to 3,342.43.
Advantest Corp. increased 5.4% to ¥20,985.0, Tokyo Electron advanced 5% to ¥32,870.0, and Disco Corp. jumped 5.4% to ¥44,660.0.
Toyota Motor Corp. decreased 1.5% to ¥3,004.0, Honda Corp. declined 1.6% to ¥1,506.0, and Nissan Motor Co. Ltd. fell 1.6% to ¥362.70.
Japan Stocks Rebounded and Bond Yield Hovered Near wo-Decade Highs
Akira Ito
03 Dec, 2025
Tokyo
Stocks in Tokyo rebounded as investors returned and searched for bargains in AI-linked stocks.
The Nikkei 225 Stock Average soared 1.5%, and the broader Topix edged up a fraction ahead of rate decisions by the Bank of Japan later in the month.
Market sentiment improved, reflecting a rebound in overnight trading in New York, and tech stocks led gainers in Tokyo.
The yield on the Japanese 10-year bond edged up to 1.9%, and the Japanese yen weakened to 155.45 against the U.S. dollar.
The bond yield hovered near a two-decade high amid expectations that the Bank of Japan is likely to raise rates later in the month.
The U.S. Federal Reserve is set to announce its rate decisions on December 10, and investors are divided about a possible rate increase of 25 basis points.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 1.5% to 50,061.65, and the broader Topix edged up 0.1% to 3,342.43.
Advantest Corp. increased 5.4% to ¥20,985.0, Tokyo Electron advanced 5% to ¥32,870.0, and Disco Corp. jumped 5.4% to ¥44,660.0.
Toyota Motor Corp. decreased 1.5% to ¥3,004.0, Honda Corp. declined 1.6% to ¥1,506.0, and Nissan Motor Co. Ltd. fell 1.6% to ¥362.70.
China and Hong Kong Lacked Direction as Investors Held Out for Policy Outcomes
Li Chen
03 Dec, 2025
Hong Kong
Stocks in China and Hong Kong turned lower ahead of rate decisions from major central banks.
The Hang Seng Index fell 1%, and the mainland-focused CSI 300 index edged down a fraction as investors looked elsewhere in the absence of market-moving domestic news.
The U.S. Federal Reserve is set to announce its rate decisions on Dec. 10, and investors are holding out for a rate cut of 25 basis points. Despite the growing speculation about the rate cut, the policy committee may decide to wait until more signs emerge confirming the sustained downturn in inflation.
The Bank of Japan is set to deliver its rate decisions on Dec. 24, and investors are divided about the rate path outlook. The recent weakness in the Japanese yen may prompt policymakers to lift rates and support the yen.
The Reserve Bank of India is expected to hold rates steady after its 3-day policy meeting on Friday, following economic growth accelerating to 8.2% in September and inflation hovering near a record low in October.
Closer to home, investors have low expectations that the annual central economic work conference chaired by top leaders of the country is likely to yield additional stimulus measures.
China Indexes and Stocks
The Hang Seng Index decreased 1% to 25,842.77, and the mainland-focused CSI 300 index inched lower 0.01% to 4,553.74.
Alibaba Group Holding declined 2% to HK $153.90, Tencent Holding dropped 1% to HK $610.50, and Baidu Inc. dropped 0.6% to HK $115.0.
Lemo Services soared more than 60% to HK $62.50 after the company listed its stock on the Hong Kong Stock Exchange.
The mechanical massage space operator sold 5.55 million shares at a price of HK $40.0 per share and raised gross proceeds of HK $222.2 million.
Anhui Jinyan Kaolin New Materials increased 11% to HK $7.43, and the company raised gross proceeds of HK $177.39 million in its public offering.
The commodities company sold 24.3 million shares at a price of HK $7.30 per share, and 21.87 million shares were purchased by foreign investors.
China and Hong Kong Lacked Direction as Investors Held Out for Policy Outcomes
Li Chen
03 Dec, 2025
Hong Kong
Stocks in China and Hong Kong turned lower ahead of rate decisions from major central banks.
The Hang Seng Index fell 1%, and the mainland-focused CSI 300 index edged down a fraction as investors looked elsewhere in the absence of market-moving domestic news.
The U.S. Federal Reserve is set to announce its rate decisions on Dec. 10, and investors are holding out for a rate cut of 25 basis points. Despite the growing speculation about the rate cut, the policy committee may decide to wait until more signs emerge confirming the sustained downturn in inflation.
The Bank of Japan is set to deliver its rate decisions on Dec. 24, and investors are divided about the rate path outlook. The recent weakness in the Japanese yen may prompt policymakers to lift rates and support the yen.
The Reserve Bank of India is expected to hold rates steady after its 3-day policy meeting on Friday, following economic growth accelerating to 8.2% in September and inflation hovering near a record low in October.
Closer to home, investors have low expectations that the annual central economic work conference chaired by top leaders of the country is likely to yield additional stimulus measures.
China Indexes and Stocks
The Hang Seng Index decreased 1% to 25,842.77, and the mainland-focused CSI 300 index inched lower 0.01% to 4,553.74.
Alibaba Group Holding declined 2% to HK $153.90, Tencent Holding dropped 1% to HK $610.50, and Baidu Inc. dropped 0.6% to HK $115.0.
Lemo Services soared more than 60% to HK $62.50 after the company listed its stock on the Hong Kong Stock Exchange.
The mechanical massage space operator sold 5.55 million shares at a price of HK $40.0 per share and raised gross proceeds of HK $222.2 million.
Anhui Jinyan Kaolin New Materials increased 11% to HK $7.43, and the company raised gross proceeds of HK $177.39 million in its public offering.
The commodities company sold 24.3 million shares at a price of HK $7.30 per share, and 21.87 million shares were purchased by foreign investors.
U.S. Movers: Credo Technology, MongoDB
Scott Peters
02 Dec, 2025
New York City
Credo Technology Group soared 18% to $202.0, and the data center connectivity solution provider reported sharply higher revenue and earnings in the fiscal second quarter ending in October.
Revenue increased 272% to $268.0 million from $72.0 million, net income swung to a profit of $82.6 million from a loss of $4.2 million, and diluted earnings per share improved to a profit of 44 cents from a loss of 3 cents a year ago.
The company estimated fiscal third quarter revenue to range between $335 million and $345 million, gross margin between 63.8% and 65.8%, and operating expenses between $116 million and $120 million.
MongoDB jumped 22% to $404.0 after the database developer reported strong fiscal third-quarter results.
Revenue increased 19% to $628.3 million from $529.4 million, net loss shrank to $2.0 million from $9.8 million, and diluted loss per share dropped to 2 cents from 13 cents a year ago.
MongoDB estimated fourth quarter revenue to range between $665 million and $670 million, adjusted income from operations between $139 million and $143 million, and adjusted diluted earnings per share between $1.44 and $1.48.
For the fiscal year 2026, the database developer estimated revenue between $2.434 billion and $2.439 billion, adjusted income from operations between $436.4 million and $440.4 million, and adjusted diluted earnings per share between $4.76 and $4.80.
U.S. Movers: Credo Technology, MongoDB
Scott Peters
02 Dec, 2025
New York City
Credo Technology Group soared 18% to $202.0, and the data center connectivity solution provider reported sharply higher revenue and earnings in the fiscal second quarter ending in October.
Revenue increased 272% to $268.0 million from $72.0 million, net income swung to a profit of $82.6 million from a loss of $4.2 million, and diluted earnings per share improved to a profit of 44 cents from a loss of 3 cents a year ago.
The company estimated fiscal third quarter revenue to range between $335 million and $345 million, gross margin between 63.8% and 65.8%, and operating expenses between $116 million and $120 million.
MongoDB jumped 22% to $404.0 after the database developer reported strong fiscal third-quarter results.
Revenue increased 19% to $628.3 million from $529.4 million, net loss shrank to $2.0 million from $9.8 million, and diluted loss per share dropped to 2 cents from 13 cents a year ago.
MongoDB estimated fourth quarter revenue to range between $665 million and $670 million, adjusted income from operations between $139 million and $143 million, and adjusted diluted earnings per share between $1.44 and $1.48.
For the fiscal year 2026, the database developer estimated revenue between $2.434 billion and $2.439 billion, adjusted income from operations between $436.4 million and $440.4 million, and adjusted diluted earnings per share between $4.76 and $4.80.
U.S. Stocks Trade Sideways as Market Rally Loses Steam
Barry Adams
02 Dec, 2025
New York City
Stocks lacked direction in early trading in New York, and investors debated possible rate outlooks after the Fed's policy meeting next week.
The S&P 500 index increased 0.01%, the tech-heavy Nasdaq Composite advanced 0.02%, and crude oil hovered near a four-year low.
Popular indexes struggled to advance this week, and the Nasdaq Composite halted a multi-month rally, weighed down by higher-for-longer inflation and AI bubble worries.
Investors are hoping that the Fed's rate cut decision could spark a year-end tech stock rally, which could broaden to include a wider list of sectors.
Across the Atlantic, the eurozone's jobless rate in October stood at 6.4%, matching the rate in the previous month, according to the latest update from Eurostat.
Inflation in the currency zone edged up to 2.2% in November from 2.1% in the previous month, and the core rate held at 2.4%, the statistical agency said in a separate report.
U.S. Movers
MongoDB jumped 22% to $404.0 after the database developer reported strong fiscal third-quarter results.
Revenue increased 19% to $628.3 million from $529.4 million, net loss shrank to $2.0 million from $9.8 million, and diluted loss per share dropped to 2 cents from 13 cents a year ago.
MongoDB estimated fourth quarter revenue to range between $665 million and $670 million, adjusted income from operations between $139 million and $143 million, and adjusted diluted earnings per share between $1.44 and $1.48.
For the fiscal year 2026, the database developer estimated revenue between $2.434 billion and $2.439 billion, adjusted income from operations between $436.4 million and $440.4 million, and adjusted diluted earnings per share between $4.76 and $4.80.
Credo Technology Group soared 18% to $202.0, and the data center connectivity solution provider reported sharply higher revenue and earnings in the fiscal second quarter ending in October.
Revenue increased 272% to $268.0 million from $72.0 million, net income swung to a profit of $82.6 million from a loss of $4.2 million, and diluted earnings per share improved to a profit of 44 cents from a loss of 3 cents a year ago.
The company estimated fiscal third quarter revenue to range between $335 million and $345 million, gross margin between 63.8% and 65.8%, and operating expenses between $116 million and $120 million.