U.S. Stocks Remained Under Pressure Amid Data Blackout and Labor Market Worries

Barry Adams
07 Nov, 2025
New York City

Stocks edged higher on the final trading day of a volatile week, and benchmark indexes struggled to advance amid mounting evidence of rising stress in the labor market.  

The S&P 500 index edged up 0.2%, and the tech-heavy Nasdaq Composite increased 0.3% amid a lackluster trading in tech stocks. 

The weakness in tech stocks was further exacerbated after a private report indicated that the job cuts in October soared to a two-decade high amid widespread layoffs ahead of the holiday season. 

Investors are struggling to decipher changing labor market conditions amid a data blackout because of the federal government shutdown. 

Friday would have seen the release of the nonfarm payrolls report from the U.S. Bureau of Labor Statistics, and the government agency missed the report for the second month in a row.

An informal survey of six labor economists conducted by Ticker.com showed that the U.S. labor market in October contracted by 73,000, the jobless rate inched higher to 4.5%, and wages increased by 3.8% from a year ago. 

After a week of volatile trading, the S&P 500 index declined 1.7%, and the Nasdaq Composite fell 3.7%. 

U.S. Stock Movers

Airbnb Inc. rose 4.6% to $126.02, and the short-term rental platform operator reported strong third-quarter results and outlook. 

Revenue increased 10% to $4.1 billion, net income advanced to $1.4 billion from $1.36 billion, and diluted earnings per share rose to $2.21 from $2.13 a year ago. 

Gross booking value jumped 14% to $22.9 billion, and nights and seats booked increased 9% to 133.6 million. 

The company guided fourth-quarter revenue to range between $2.66 billion and $2.72 billion, an increase between 7% and 10% from a year ago. 

The San Francisco, California-based company estimated gross booking value to increase "low double-digits," benefiting from a "modest increase in average daily rate" from a year ago. 

Take-Two Interactive Software, Inc. decreased 4.1% to $242.0 after the company's subsidiary announced an additional delay in the release of the highly anticipated game.

Rockstar Games said Grand Theft Auto VI will now be released in November 2026, later than the previous estimated release in May 2026. 

Tesla Inc. increased 0.8% to $449.65 after the company said shareholders overwhelmingly approved CEO Elon Musk's $1 trillion pay plan. 

About 76% of shareholders approved the revised milestone-based pay package, consisting of 12 blocks of shares over the next decade. 

After the vesting of all stock rewards, Musk's equity stake in the company could increase to 25% from the current 13%. 

U.S. Stocks Remained Under Pressure Amid Data Blackout and Labor Market Worries

Barry Adams
07 Nov, 2025
New York City

Stocks edged higher on the final trading day of a volatile week, and benchmark indexes struggled to advance amid mounting evidence of rising stress in the labor market.  

The S&P 500 index edged up 0.2%, and the tech-heavy Nasdaq Composite increased 0.3% amid a lackluster trading in tech stocks. 

The weakness in tech stocks was further exacerbated after a private report indicated that the job cuts in October soared to a two-decade high amid widespread layoffs ahead of the holiday season. 

Investors are struggling to decipher changing labor market conditions amid a data blackout because of the federal government shutdown. 

Friday would have seen the release of the nonfarm payrolls report from the U.S. Bureau of Labor Statistics, and the government agency missed the report for the second month in a row.

An informal survey of six labor economists conducted by Ticker.com showed that the U.S. labor market in October contracted by 73,000, the jobless rate inched higher to 4.5%, and wages increased by 3.8% from a year ago. 

In the week-to-date at the close of Thursday, the S&P 500 index declined 1.8%, and the Nasdaq Composite fell 2.8%. 

U.S. Stock Movers

Airbnb Inc. rose 4.6% to $126.02, and the short-term rental platform operator reported strong third-quarter results and outlook. 

Revenue increased 10% to $4.1 billion, net income advanced to $1.4 billion from $1.36 billion, and diluted earnings per share rose to $2.21 from $2.13 a year ago. 

Gross booking value jumped 14% to $22.9 billion, and nights and seats booked increased 9% to 133.6 million. 

The company guided fourth-quarter revenue to range between $2.66 billion and $2.72 billion, an increase between 7% and 10% from a year ago. 

The San Francisco, California-based company estimated gross booking value to increase "low double-digits," benefiting from a "modest increase in average daily rate" from a year ago. 

 Take-Two Interactive Software, Inc. decreased 4.1% to $242.0 after the company's subsidiary announced an additional delay in the release of the highly anticipated game.

Rockstar Games said Grand Theft Auto VI will now be released in November 2026, later than the previous estimated release in May 2026. 

Tesla Inc. increased 0.8% to $449.65 after the company said shareholders overwhelmingly approved CEO Elon Musk's $1 trillion pay plan. 

About 76% of shareholders approved the revised milestone-based pay package, consisting of 12 blocks of shares over the next decade. 

After the vesting of all stock rewards, Musk's equity stake in the company could increase to 25% from the current 13%. 

Nikkei 225 Stock Average Extended Weekly Losses to 5%, Household Spending Edged Higher In October

Akira Ito
07 Nov, 2025
Tokyo

Japan's benchmark indexes extended weekly losses driven by another down day in semiconductor equipment stocks.

The Nikkei 225 Stock Average decreased 1.7%, and the broader Topix declined 0.9% as investors reacted to a sharp sell-off in AI stocks in overnight trading in New York.

The mega-cap tech stocks dropped between 2% and 5% in New York amid worries of stretched valuation, circular AI spending, and growing skepticism about capital spending outlays. 

Japan's Household Spending Advanced Fifth Consecutive Month

Japan's real household spending advanced for the fifth consecutive month in September, and income stayed flat, according to the latest data released by the Ministry of Internal Affairs and Communication. 

Real spending among households of two or more increased 1.8% from a year ago to 303,214 yen, or $2,000, driven by an 11.5% increase in transportation and communication and a 6.4% rise in culture and recreation spending. 

Medical and healthcare spending jumped 11.1% from a year ago, driven by a higher expenditure in dental care.

Household income was flat, at 510,935 yen, compared to the previous month, according to data released by the ministry. 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average decreased 1.7% to 50,037.73, and the broader Topix index fell 0.9% to 3,285.11.  

For the week, the Nikkei 225 plunged 4%, and the Topix declined 1.5% amid persistent weakness in the AI supply chain companies.  

Softbank Group decreased 7% to ¥21,700.0, Tokyo Electron dropped 1.3% to ¥32,800.0, Advantest Corp. fell 5.5% to ¥19,960.0, and Disco Corp. declined 3.9% to ¥48,520.0. 

Nikkei 225 Stock Average Extended Weekly Losses to 5%, Household Spending Edged Higher In October

Akira Ito
07 Nov, 2025
Tokyo

Japan's benchmark indexes extended weekly losses driven by another down day in semiconductor equipment stocks.

The Nikkei 225 Stock Average decreased 1.7%, and the broader Topix declined 0.9% as investors reacted to a sharp sell-off in AI stocks in overnight trading in New York.

The mega-cap tech stocks dropped between 2% and 5% in New York amid worries of stretched valuation, circular AI spending, and growing skepticism about capital spending outlays. 

Japan's Household Spending Advanced Fifth Consecutive Month

Japan's real household spending advanced for the fifth consecutive month in September, and income stayed flat, according to the latest data released by the Ministry of Internal Affairs and Communication. 

Real spending among households of two or more increased 1.8% from a year ago to 303,214 yen, or $2,000, driven by an 11.5% increase in transportation and communication and a 6.4% rise in culture and recreation spending. 

Medical and healthcare spending jumped 11.1% from a year ago, driven by a higher expenditure in dental care.

Household income was flat, at 510,935 yen, compared to the previous month, according to data released by the ministry. 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average decreased 1.7% to 50,037.73, and the broader Topix index fell 0.9% to 3,285.11.  

For the week, the Nikkei 225 plunged 4%, and the Topix declined 1.5% amid persistent weakness in the AI supply chain companies.  

Softbank Group decreased 7% to ¥21,700.0, Tokyo Electron dropped 1.3% to ¥32,800.0, Advantest Corp. fell 5.5% to ¥19,960.0, and Disco Corp. declined 3.9% to ¥48,520.0. 

China's Exports Contracted In October as U.S. Shipments Plunged 25%

Li Chen
07 Nov, 2025
Hong Kong

China's stocks traded down, and investors reviewed the latest update on international trade. 

The Hang Seng Index decreased 1.6%, and the mainland-focused CSI 300 index declined 0.2% amid growing uncertainty about the U.S.-China trade relations. 

China's exports in October fell as the U.S. customers halted front-loading to avoid steep tariffs. 

Exports decreased 1.1% to $305.5 billion, and imports advanced 1% to $215.8 billion, resulting in a trade surplus of $90.1 billion, according to the National Bureau of Statistics. 

October's exports slowed sharply from an 8.3% annual increase in September, following a 25% plunge in shipments to the U.S. 

China's exports to the world's largest economy contracted in double digits for the seventh consecutive month in October.  

Imports from the U.S. dropped nearly 23%, as China shifted purchases of its agriculture products to Brazil, Argentina, and Peru. 

U.S. businesses have been stockpiling ahead of the implementation of aggressive U.S. tariffs and constantly changing U.S. trade policy. 

However, those orders have dried out as U.S. businesses shift their focus to the domestic economy amid worries of weakening consumer demand, rising logistics costs, and higher investments in inventories. 

The statistical bureau is set to release country- and sector-based breakdowns of exports on November 20. 

Rare-earth mineral exports in the period increased 8.6% by volume in October from the previous month to 4,343.50 tons. 

However, semiconductor chip exports in October decreased 15%, and imports declined 9.5% by volume from the previous month, respectively. 

Despite the elevated trade tensions with the U.S., China's overall exports increased 5.3% in the first ten months to October, the data from NBS showed.  

In the period, exports to the U.S. dropped 17.8%, the ASEAN region advanced 14.3%, the European Union increased 4.0%, Japan increased 7.5%, and Africa 26.1%. 

China's goods trade surplus advanced 23% from a year ago to $964.8 billion in the first 10 months to October. 

China Indexes and Stocks 

The Hang Seng Index decreased 1.6% to 26,184.19, and the mainland-focused CSI 300 index declined 0.2% to 4,683.66. 

For the week, the Hang Seng index trimmed gains to 1%, and the CSI 300 index advanced 1.3% amid fragile market sentiment and volatile tech stocks. 

Alibaba Group Holding decreased 2.8% to HK $160.40, Tencent Holdings dropped 2.1% to HK $631.0, Baidu Inc. eased 1.2% to HK $123.50, and Kuaishou Technology declined 5.7% to HK $68.45. 

China's Exports Contracted In October as U.S. Shipments Plunged 25%

Li Chen
07 Nov, 2025
Hong Kong

China's stocks traded down, and investors reviewed the latest update on international trade. 

The Hang Seng Index decreased 1.6%, and the mainland-focused CSI 300 index declined 0.2% amid growing uncertainty about the U.S.-China trade relations. 

China's exports in October fell as the U.S. customers halted front-loading to avoid steep tariffs. 

Exports decreased 1.1% to $305.5 billion, and imports advanced 1% to $215.8 billion, resulting in a trade surplus of $90.1 billion, according to the National Bureau of Statistics. 

October's exports slowed sharply from an 8.3% annual increase in September, following a 25% plunge in shipments to the U.S. 

China's exports to the world's largest economy contracted in double digits for the seventh consecutive month in October.  

Imports from the U.S. dropped nearly 23%, as China shifted purchases of its agriculture products to Brazil, Argentina, and Peru. 

U.S. businesses have been stockpiling ahead of the implementation of aggressive U.S. tariffs and constantly changing U.S. trade policy. 

However, those orders have dried out as U.S. businesses shift their focus to the domestic economy amid worries of weakening consumer demand, rising logistics costs, and higher investments in inventories. 

The statistical bureau is set to release country- and sector-based breakdowns of exports on November 20. 

Rare-earth mineral exports in the period increased 8.6% by volume in October from the previous month to 4,343.50 tons. 

However, semiconductor chip exports in October decreased 15%, and imports declined 9.5% by volume from the previous month, respectively. 

Despite the elevated trade tensions with the U.S., China's overall exports increased 5.3% in the first ten months to October, the data from NBS showed.  

In the period, exports to the U.S. dropped 17.8%, the ASEAN region advanced 14.3%, the European Union increased 4.0%, Japan increased 7.5%, and Africa 26.1%. 

China's goods trade surplus advanced 23% from a year ago to $964.8 billion in the first 10 months to October. 

China Indexes and Stocks 

The Hang Seng Index decreased 1.6% to 26,184.19, and the mainland-focused CSI 300 index declined 0.2% to 4,683.66. 

For the week, the Hang Seng index trimmed gains to 1%, and the CSI 300 index advanced 1.3% amid fragile market sentiment and volatile tech stocks. 

Alibaba Group Holding decreased 2.8% to HK $160.40, Tencent Holdings dropped 2.1% to HK $631.0, Baidu Inc. eased 1.2% to HK $123.50, and Kuaishou Technology declined 5.7% to HK $68.45. 

Skeptical U.S. Supreme Court Questions Trump's Power to Impose Tariffs

Barry Adams
06 Nov, 2025
New York City

Stocks in New York traded down, and investors grew more confident that the U.S. Supreme Court is more likely to rule Trump's global tariffs illegal. 

The S&P 500 index edged down 0.2%, and the tech-heavy Nasdaq Composite decreased 0.3%, and traders debated the future path for high-priced "Magnificent Seven" technology stocks. 

Justices appeared skeptical about the legality of the U.S. president's use of emergency power to slap sweeping global tariffs to generate revenues for the federal government. 

"Tariffs are taxes, and that is exactly what they are," pointedly said Justice Sonia Sotomayor to U.S. Solicitor General Dean John Sauer. 

"Generating money from the American citizens, revenue" and "you say its incidental to the regulatory purpose, but I don't see how a quota is equivalent to revenue raising. A quota sets the limit to what you can import in, but it does not generate revenue," added Sotomayor.

Investors lowered the odds of the Trump administration winning the tariffs case, and the White House is likely to pursue other ways to impose import taxes on goods. 

"The vehicle is imposition of taxes on Americans, and that has always been the core power of Congress," stressed Chief Justice John Roberts.   

U.S. Stock Movers 

Lyft Inc. increased 2.2% to $20.63, and the ride-hailing company reported better-than-expected third-quarter results. 

Revenue increased 11% to $1.7 billion from $1.5 billion, net income advanced to a profit of $46.1 million from a loss of $12.4 million, and diluted earnings per share were 11 cents compared to a loss of 3 cents.

Gross bookings advanced 16% to $4.8 billion, active riders increased to 28.7 million from 24.4 million, and rides advanced to 248.8 million from 216.7 million a year ago, respectively.  

In the quarter, net cash provided by operating activities was $291.3 million compared to $264 million a year ago. 

For the fourth quarter, the company estimated gross bookings to rise to between $5.0 billion and $5.13 billion, an increase of between 17% and 20% from a year ago. 

The company projected adjusted earnings per share to be between $135 million and $155 million, and adjusted EBITDA margin to range between 2.7% and 3.0%. 

Figma Inc. jumped 7.8% to $47.46 after the software tool developer reported better-than-expected third-quarter results. 

Revenue increased 38% to $274.1 million from $198.6 million, net loss soared to $1.1 billion from $15.6 million, and diluted loss per share expanded to $2.72 from 7 cents a year ago. 

The company guided fourth-quarter revenue between $292 million and $294 million, implying a 35% growth rate at the midpoint of the range. 

 Snap Inc. soared 19% to $8.67, and the social media platform operator issued a strong fourth-quarter outlook. 

Revenue increased 10% to $1.5 billion from $1.37 million, net loss decreased 32% to $103.5 million compared to $153.2 million, and diluted loss per share shrank 33% to 6 cents from 9 cents a year ago. 

In the quarter, daily active users increased 8% to 477 million, and monthly active users rose 7% to 943 million from a year ago, respectively. 

The company's board authorized a stock repurchase program of up to $500 million, using $3 billion of the company's cash, cash equivalents, and marketable securities. 

Skeptical U.S. Supreme Court Justices Question Trump's Power to Impose Tariffs

Barry Adams
06 Nov, 2025
New York City

Stocks in New York traded down, and investors grew more confident that the U.S. Supreme Court is more likely to rule Trump's global tariffs illegal. 

The S&P 500 index edged down 0.2%, and the tech-heavy Nasdaq Composite decreased 0.3%, and traders debated the future path for high-priced "Magnificent Seven" technology stocks. 

Justices appeared skeptical about the legality of the U.S. president's use of emergency power to slap sweeping global tariffs to generate revenues for the federal government. 

"Tariffs are taxes, and that is exactly what they are," pointedly said Justice Sonia Sotomayor to U.S. Solicitor General Dean John Sauer. 

"Generating money from the American citizens, revenue" and "you say its incidental to the regulatory purpose, but I don't see how a quota is equivalent to revenue raising. A quota sets the limit to what you can import in, but it does not generate revenue," added Sotomayor.

Investors lowered the odds of the Trump administration winning the tariffs case, and the White House is likely to pursue other ways to impose import taxes on goods. 

"The vehicle is imposition of taxes on Americans, and that has always been the core power of Congress," stressed Chief Justice John Roberts.   

U.S. Stock Movers 

Lyft Inc. increased 2.2% to $20.63, and the ride-hailing company reported better-than-expected third-quarter results. 

Revenue increased 11% to $1.7 billion from $1.5 billion, net income advanced to a profit of $46.1 million from a loss of $12.4 million, and diluted earnings per share were 11 cents compared to a loss of 3 cents.

Gross bookings advanced 16% to $4.8 billion, active riders increased to 28.7 million from 24.4 million, and rides advanced to 248.8 million from 216.7 million a year ago, respectively.  

In the quarter, net cash provided by operating activities was $291.3 million compared to $264 million a year ago. 

For the fourth quarter, the company estimated gross bookings to rise to between $5.0 billion and $5.13 billion, an increase of between 17% and 20% from a year ago. 

The company projected adjusted earnings per share to be between $135 million and $155 million, and adjusted EBITDA margin to range between 2.7% and 3.0%. 

Figma Inc. jumped 7.8% to $47.46 after the software tool developer reported better-than-expected third-quarter results. 

Revenue increased 38% to $274.1 million from $198.6 million, net loss soared to $1.1 billion from $15.6 million, and diluted loss per share expanded to $2.72 from 7 cents a year ago. 

The company guided fourth-quarter revenue between $292 million and $294 million, implying a 35% growth rate at the midpoint of the range. 

 Snap Inc. soared 19% to $8.67, and the social media platform operator issued a strong fourth-quarter outlook. 

Revenue increased 10% to $1.5 billion from $1.37 million, net loss decreased 32% to $103.5 million compared to $153.2 million, and diluted loss per share shrank 33% to 6 cents from 9 cents a year ago. 

In the quarter, daily active users increased 8% to 477 million, and monthly active users rose 7% to 943 million from a year ago, respectively. 

The company's board authorized a stock repurchase program of up to $500 million, using $3 billion of the company's cash, cash equivalents, and marketable securities. 

China Indexes Halted 2-Day Sell-Off as Bargain Hunters Stepped In

Li Chen
06 Nov, 2025
Hong Kong

Stocks in China and Hong Kong rebounded, tracking gains in overnight trading in New York. 

The Hang Seng Index increased 1.7%, and the mainland-focused CSI 300 index advanced 1.3% as bargain hunters returned.

Technology stocks led gainers in Hong Kong, and financials dominated trading in Shanghai ahead of quarterly results and international trade data. 

Investors reviewed the U.S. Supreme Court's oral arguments in tariff cases, and justices appear skeptical about the U.S. president's authority to impose sweeping tariffs without approvals from the U.S. Congress.

The Trump administration is likely to seek other ways to impose import taxes, but those taxes will be limited in scope and targeted to certain industries. 

The tariffs case filed by seven small businesses and 12 U.S. states led by Oregon was consolidated by the U.S. Supreme Court, and the court is set to announce its decision before the end of its term in July 2026.

The Trump administration's tariffs faced significant opposition from two lower courts, and they ruled them illegal.  

China Indexes and Stocks 

The Hang Seng Index advanced 1.7% to 26,362.15, and the mainland-focused CSI 300 index increased 1.3% to 4,686.45. 

Four mainland China-based companies listed their stocks on the Hong Kong Stock Exchange. 

Ningbo Joyson Electronic decreased 3% to HK $21.35, and the automotive supplier priced its initial public offering at HK $22.0 a share and raised net proceeds of HK $3.2 billion. 

Pony.ai Inc. dropped 12% to HK $122.60, and the autonomous driving company priced its offering at HK $139.0 a share and raised net proceeds of HK $6.5 billion. 

WeRide Inc. dropped 14% to HK $23.40, and the autonomous driving company priced its initial offering at HK $27 a share and raised net proceeds of HK $2.2 billion. 

Vigonvita Life Sciences soared more than 145% to HK $85.10, and the neuropsychiatry- and reproductive health-focused company priced its initial public offering at HK $33.37 a share and raised net proceeds of HK $527.4 million. 

China Indexes Halted 2-Day Sell-Off as Bargain Hunters Stepped In

Li Chen
06 Nov, 2025
Hong Kong

Stocks in China and Hong Kong rebounded, tracking gains in overnight trading in New York. 

The Hang Seng Index increased 1.7%, and the mainland-focused CSI 300 index advanced 1.3% as bargain hunters returned.

Technology stocks led gainers in Hong Kong, and financials dominated trading in Shanghai ahead of quarterly results and international trade data. 

Investors reviewed the U.S. Supreme Court's oral arguments in tariff cases, and justices appear skeptical about the U.S. president's authority to impose sweeping tariffs without approvals from the U.S. Congress.

The Trump administration is likely to seek other ways to impose import taxes, but those taxes will be limited in scope and targeted to certain industries. 

The tariffs case filed by seven small businesses and 12 U.S. states led by Oregon was consolidated by the U.S. Supreme Court, and the court is set to announce its decision before the end of its term in July 2026.

The Trump administration's tariffs faced significant opposition from two lower courts, and they ruled them illegal.  

China Indexes and Stocks 

The Hang Seng Index advanced 1.7% to 26,362.15, and the mainland-focused CSI 300 index increased 1.3% to 4,686.45. 

Four mainland China-based companies listed their stocks on the Hong Kong Stock Exchange. 

Ningbo Joyson Electronic decreased 3% to HK $21.35, and the automotive supplier priced its initial public offering at HK $22.0 a share and raised net proceeds of HK $3.2 billion. 

Pony.ai Inc. dropped 12% to HK $122.60, and the autonomous driving company priced its offering at HK $139.0 a share and raised net proceeds of HK $6.5 billion. 

WeRide Inc. dropped 14% to HK $23.40, and the autonomous driving company priced its initial offering at HK $27 a share and raised net proceeds of HK $2.2 billion. 

Vigonvita Life Sciences soared more than 145% to HK $85.10, and the neuropsychiatry- and reproductive health-focused company priced its initial public offering at HK $33.37 a share and raised net proceeds of HK $527.4 million. 

U.S. Movers: AMD, Pinterest, Super Micro Computer

Scott Peters
05 Nov, 2025
New York City

Advanced Micro Devices declined 4.4% to $239.76 despite the company's third-quarter results surpassing market expectations. 

Revenue in the third quarter soared 36% to $9.2 billion from $6.8 billion, net income jumped 61% to $1.2 billion from $771 million, and diluted earnings per share advanced 60% to 75 cents from 47 cents a year ago. 

Data center segment revenue jumped 22% to $4.3 billion, client and gaming segment revenue surged 73% to $4.0 billion, and embedded segment revenue decreased 8% to $857 million. 

The company guided fourth-quarter revenue of $9.6 billion with a band of $300 million, representing an annual increase of 25% and a sequential rise of 4% when measured from the midpoint of the revenue range. 

AMD said that the fourth-quarter revenue estimate does not include advanced chip MI308 shipments to China because of the uncertainty surrounding the U.S. trade policy and export controls. 

The advanced chipmaker guided a non-GAAP gross margin of 54.5% in the period.

Super Micro Computer dropped 9.2% to $43.11 after the company reported weaker-than-expected earnings in the fiscal first quarter ending in September. 

Revenue in the quarter declined to $5.0 billion from $5.9 billion, net income plunged to $168 million from $424 million, and diluted earnings per share dropped to 26 cents from 67 cents a year ago. 

Moreover, the company's fiscal year 2026 revenue of $36 billion fell short of market expectations. 

The company estimated fiscal second quarter net sales between $10.0 billion and $11.0 billion, diluted net income per share between 37 cents and 45 cents, and non-GAAP earnings per share between 46 cents and 54 cents. 

Pinterest Inc. plunged 17.7% to $27.10 after the company's third-quarter results disappointed investors. 

Revenue increased 17% to $1.1 billion from $898 million, net income jumped more than threefold to $92 million from $30 million, and diluted earnings per share advanced to 13 cents from 4 cents a year ago.

The company estimated fourth-quarter revenue to range between $1.31 billion and $1.34 billion, representing an annual increase between 14% and 16%. 

The image-sharing platform estimated adjusted operating income between $533 million and $558 million in the period.  

U.S. Movers: AMD, Pinterest, Super Micro Computer

Scott Peters
05 Nov, 2025
New York City

Advanced Micro Devices declined 4.4% to $239.76 despite the company's third-quarter results surpassing market expectations. 

Revenue in the third quarter soared 36% to $9.2 billion from $6.8 billion, net income jumped 61% to $1.2 billion from $771 million, and diluted earnings per share advanced 60% to 75 cents from 47 cents a year ago. 

Data center segment revenue jumped 22% to $4.3 billion, client and gaming segment revenue surged 73% to $4.0 billion, and embedded segment revenue decreased 8% to $857 million. 

The company guided fourth-quarter revenue of $9.6 billion with a band of $300 million, representing an annual increase of 25% and a sequential rise of 4% when measured from the midpoint of the revenue range. 

AMD said that the fourth-quarter revenue estimate does not include advanced chip MI308 shipments to China because of the uncertainty surrounding the U.S. trade policy and export controls. 

The advanced chipmaker guided a non-GAAP gross margin of 54.5% in the period.

Super Micro Computer dropped 9.2% to $43.11 after the company reported weaker-than-expected earnings in the fiscal first quarter ending in September. 

Revenue in the quarter declined to $5.0 billion from $5.9 billion, net income plunged to $168 million from $424 million, and diluted earnings per share dropped to 26 cents from 67 cents a year ago. 

Moreover, the company's fiscal year 2026 revenue of $36 billion fell short of market expectations. 

The company estimated fiscal second quarter net sales between $10.0 billion and $11.0 billion, diluted net income per share between 37 cents and 45 cents, and non-GAAP earnings per share between 46 cents and 54 cents. 

Pinterest Inc. plunged 17.7% to $27.10 after the company's third-quarter results disappointed investors. 

Revenue increased 17% to $1.1 billion from $898 million, net income jumped more than threefold to $92 million from $30 million, and diluted earnings per share advanced to 13 cents from 4 cents a year ago.

The company estimated fourth-quarter revenue to range between $1.31 billion and $1.34 billion, representing an annual increase between 14% and 16%. 

The image-sharing platform estimated adjusted operating income between $533 million and $558 million in the period.  

Caution Prevails Ahead of Possible Market Pullback, Supreme Court to Hear Arguments On Legality of Trump's Tariffs

Barry Adams
05 Nov, 2025
New York City

Popular benchmark indexes attempted to rebound on Wednesday, and investors debated the future path of mega-cap tech stocks. 

The S&P 500 index increased 0.2%, and the tech-heavy Nasdaq Composite advanced 0.4% on Wednesday following sharp losses in the previous trading session. 

Market participants are increasingly focused on a possible drawdown of as much as 15% amid a list of growing worries, including the high valuation of AI-linked tech stocks, circular AI trade, and the uncertainty surrounding the Fed's December rate cut.  

The U.S. government's prolonged shutdown is also keeping market anxieties at elevated levels, as lawmakers show no interest in compromise in the immediate future. 

In addition, investors are worried that the US-China trade tensions could resurface if the erratic U.S. president changes his mind and imposes additional duties on Chinese goods.  

U.S. Stock Movers 

Advanced Micro Devices declined 4.4% to $239.76 despite the company's third-quarter results surpassing market expectations. 

Revenue in the third quarter soared 36% to $9.2 billion from $6.8 billion, net income jumped 61% to $1.2 billion from $771 million, and diluted earnings per share advanced 60% to 75 cents from 47 cents a year ago. 

Data center segment revenue jumped 22% to $4.3 billion, client and gaming segment revenue surged 73% to $4.0 billion, and embedded segment revenue decreased 8% to $857 million. 

The company guided fourth-quarter revenue of $9.6 billion with a band of $300 million, representing an annual increase of 25% and a sequential rise of 4% when measured from the midpoint of the revenue range. 

AMD said that the fourth-quarter revenue estimate does not include advanced chip MI308 shipments to China because of the uncertainty surrounding the U.S. trade policy and export controls. 

The advanced chipmaker guided a non-GAAP gross margin of 54.5% in the period.

Super Micro Computer Micro dropped 9.2% to $43.11 after the company reported weaker-than-expected earnings in the fiscal first quarter ending in September. 

Revenue in the quarter declined to $5.0 billion from $5.9 billion, net income plunged to $168 million from $424 million, and diluted earnings per share dropped to 26 cents from 67 cents a year ago. 

Moreover, the company's fiscal year 2026 revenue of $36 billion fell short of market expectations. 

The company estimated fiscal second quarter net sales between $10.0 billion and $11.0 billion, diluted net income per share between 37 cents and 45 cents, and non-GAAP earnings per share between 46 cents and 54 cents. 

Pinterest Inc. plunged 17.7% to $27.10 after the company's third-quarter results disappointed investors. 

Revenue increased 17% to $1.1 billion from $898 million, net income jumped more than threefold to $92 million from $30 million, and diluted earnings per share advanced to 13 cents from 4 cents a year ago.

The company estimated fourth-quarter revenue to range between $1.31 billion and $1.34 billion, representing an annual increase between 14% and 16%. 

The image-sharing platform estimated adjusted operating income between $533 million and $558 million in the period.  

Caution Prevails Ahead of Possible Market Pullback, Supreme Court to Hear Arguments On Legality of Trump's Tariffs

Barry Adams
05 Nov, 2025
New York City

Popular benchmark indexes attempted to rebound on Wednesday, and investors debated the future path of mega-cap tech stocks. 

The S&P 500 index increased 0.2%, and the tech-heavy Nasdaq Composite advanced 0.4% on Wednesday following sharp losses in the previous trading session. 

Market participants are increasingly focused on a possible drawdown of as much as 15% amid a list of growing worries, including the high valuation of AI-linked tech stocks, circular AI trade, and the uncertainty surrounding the Fed's December rate cut.  

The U.S. government's prolonged shutdown is also keeping market anxieties at elevated levels, as lawmakers show no interest in compromise in the immediate future. 

In addition, investors are worried that the US-China trade tensions could resurface if the erratic U.S. president changes his mind and imposes additional duties on Chinese goods.  

U.S. Stock Movers 

Advanced Micro Devices declined 4.4% to $239.76 despite the company's third-quarter results surpassing market expectations. 

Revenue in the third quarter soared 36% to $9.2 billion from $6.8 billion, net income jumped 61% to $1.2 billion from $771 million, and diluted earnings per share advanced 60% to 75 cents from 47 cents a year ago. 

Data center segment revenue jumped 22% to $4.3 billion, client and gaming segment revenue surged 73% to $4.0 billion, and embedded segment revenue decreased 8% to $857 million. 

The company guided fourth-quarter revenue of $9.6 billion with a band of $300 million, representing an annual increase of 25% and a sequential rise of 4% when measured from the midpoint of the revenue range. 

AMD said that the fourth-quarter revenue estimate does not include advanced chip MI308 shipments to China because of the uncertainty surrounding the U.S. trade policy and export controls. 

The advanced chipmaker guided a non-GAAP gross margin of 54.5% in the period.

Super Micro Computer Micro dropped 9.2% to $43.11 after the company reported weaker-than-expected earnings in the fiscal first quarter ending in September. 

Revenue in the quarter declined to $5.0 billion from $5.9 billion, net income plunged to $168 million from $424 million, and diluted earnings per share dropped to 26 cents from 67 cents a year ago. 

Moreover, the company's fiscal year 2026 revenue of $36 billion fell short of market expectations. 

The company estimated fiscal second quarter net sales between $10.0 billion and $11.0 billion, diluted net income per share between 37 cents and 45 cents, and non-GAAP earnings per share between 46 cents and 54 cents. 

Pinterest Inc. plunged 17.7% to $27.10 after the company's third-quarter results disappointed investors. 

Revenue increased 17% to $1.1 billion from $898 million, net income jumped more than threefold to $92 million from $30 million, and diluted earnings per share advanced to 13 cents from 4 cents a year ago.

The company estimated fourth-quarter revenue to range between $1.31 billion and $1.34 billion, representing an annual increase between 14% and 16%. 

The image-sharing platform estimated adjusted operating income between $533 million and $558 million in the period.  

Sharp Sell-Off In Global AI Stocks Dragged Down Japan's Nikkei 225 by 5%

Akira Ito
05 Nov, 2025
Tokyo

Japan's benchmark indexes plunged as much as 5% following steep losses in tech stocks in New York in overnight trading. 

The Nikkei 225 Stock Average dropped nearly 5%, and the broader Topix declined nearly 2% before recovering from the worst losses of the session. 

In overnight trading, the S&P 500 index closed down 1.1%, and the Nasdaq Composite dropped 2% amid worries about sky-high valuations of mega-cap tech stocks. 

Those worries boomeranged across Asia, and markets in Shanghai, Hong Kong, Tokyo, and Seoul dropped between 1% and 4%. 

Investors are increasingly preparing for the U.S. benchmark indexes to ease 15% from record highs, as circular AI trade lifted a select list of tech stocks from the lows in early April.  

Despite receding trade tensions between the U.S. and China, investors are concerned that relations between the two countries are likely to remain volatile. 

Moreover, Japan's new prime minister Sanae Takaichi's support of the ultra-loose monetary policy may support higher inflation for longer.

Japan is facing renewed pressure from the Trump administration to sharply increase its defense spending and lower its reliance on the U.S., as the world's largest economy investigates how to lower its global defense commitments. 

The Japanese yen weakened to 153.47 against the U.S. dollar amid expectations that the Bank of Japan is likely to leave its key short-term rates unrevised at the last policy meeting of 2025 in December. 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average plunged 3% to 49,925.47, and the broader Topix fell 1.7% to 3,253.89. 

Softbank Group plunged 9.8% to ¥22,850.0, Tokyo Electron Ltd. decreased 3.8% to ¥33,460.0, and Advantest Corp. dropped 6.9% to ¥20,280.0. 

Mitsubishi UFJ Financial Group decreased 2.2% to ¥2,278.0, Sumitomo Mitsui Financial Group eased 1.8% to ¥4,077.0, and Mizuho Financial Group fell 2.2% to ¥4,990.0.