Market Update
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.
China and Asia Markets Track Wall Street Lower Amid AI Bubble Worries
Li Chen
05 Nov, 2025
Hong Kong
Stocks in China and Asia fell sharply, mirroring losses in overnight trading in New York.
The Hang Seng Index decreased 0.6%, and the mainland-focused CSI 300 index eased 0.1% amid worries about stretched valuations of mega-cap tech stocks.
Tuesday's 2% decline in the tech-heavy Nasdaq Composite led to a 4.7% plunge in Tokyo and a 3.5% decline in Seoul, as AI-linked stocks retreated.
In addition, market sentiment was weak in Hong Kong amid uncertainty over the U.S. Federal Reserve's rate path.
Investors are dialing down expectations of a possible rate cut following a December policy meeting, but they are still holding out for an additional two rate cuts in the first half of 2026.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 25,807.73, and the CSI 300 index eased 0.1% to 4,615.21.
Alibaba Group Holding Ltd. decreased 1.3% to $157.20, Tencent Holdings declined 0.1% to HK $629.0, and JD.com Inc. dropped 1.1% to HK $123.10.
In Wednesday's trading in Hong Kong, BYD decreased 0.9% to HK $86.90, Xpeng Inc. fell 3.3% to HK $86.0, and Xiaomi Corp. dropped 1% to HK $43.0.
Two companies listed their shares amid strong demand for new listings from international investors.
Seres Group decreased 3% to HK $127.60, and the electric vehicle maker listed and priced its stock on the Hong Kong Stock Exchange at HK $131.50 per share.
The company's global offering of 100.2 million shares was 90% sold to foreign investors and raised a net proceed of HK $14.02 billion.
Suzhou Fengbei Biotech soared more than 180% to 69.92 yuan on the first day of its trading in Shanghai.
China and Asia Markets Track Wall Street Lower Amid AI Bubble Worries
Li Chen
05 Nov, 2025
Hong Kong
Stocks in China and Asia fell sharply, mirroring losses in overnight trading in New York.
The Hang Seng Index decreased 0.6%, and the mainland-focused CSI 300 index eased 0.1% amid worries about stretched valuations of mega-cap tech stocks.
Tuesday's 2% decline in the tech-heavy Nasdaq Composite led to a 4.7% plunge in Tokyo and a 3.5% decline in Seoul, as AI-linked stocks retreated.
In addition, market sentiment was weak in Hong Kong amid uncertainty over the U.S. Federal Reserve's rate path.
Investors are dialing down expectations of a possible rate cut following a December policy meeting, but they are still holding out for an additional two rate cuts in the first half of 2026.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 25,807.73, and the CSI 300 index eased 0.1% to 4,615.21.
Alibaba Group Holding Ltd. decreased 1.3% to $157.20, Tencent Holdings declined 0.1% to HK $629.0, and JD.com Inc. dropped 1.1% to HK $123.10.
In Wednesday's trading in Hong Kong, BYD decreased 0.9% to HK $86.90, Xpeng Inc. fell 3.3% to HK $86.0, and Xiaomi Corp. dropped 1% to HK $43.0.
Two companies listed their shares amid strong demand for new listings from international investors.
Seres Group decreased 3% to HK $127.60, and the electric vehicle maker listed and priced its stock on the Hong Kong Stock Exchange at HK $131.50 per share.
The company's global offering of 100.2 million shares was 90% sold to foreign investors and raised a net proceed of HK $14.02 billion.
Suzhou Fengbei Biotech soared more than 180% to 69.92 yuan on the first day of its trading in Shanghai.
U.S. Movers: Clorox, Palantir
Scott Peters
04 Nov, 2025
New York City
Palantir Technologies dropped 7% to $192.80, and the company reported better-than-expected third-quarter results and fourth-quarter guidance.
Revenue increased 63% to $1.2 billion from $725.5 million, net income advanced more than threefold to $476.7 million from $149.3 million, and diluted earnings per share rose to 18 cents from 6 cents a year ago.
For the fourth quarter, the company guided revenue between $1.327 billion and $1.331 billion, and adjusted income from operations between $695 million and $699 million.
Clorox Company increased 1.7% to $111.0, and the cleaning products maker reported better-than-expected fiscal first-quarter results.
Net sales decreased 19% to $1.4 billion from $1.7 billion, net income declined 20% to $80 million from $99 million, and diluted earnings per share fell 19% to 65 cents from 80 cents a year ago.
Adjusted earnings per share dropped 54% to 85 cents from $1.86 a year ago, primarily due to lower net sales related to its ERP transition.
U.S. Movers: Clorox, Palantir
Scott Peters
04 Nov, 2025
New York City
Palantir Technologies dropped 7% to $192.80, and the company reported better-than-expected third-quarter results and fourth-quarter guidance.
Revenue increased 63% to $1.2 billion from $725.5 million, net income advanced more than threefold to $476.7 million from $149.3 million, and diluted earnings per share rose to 18 cents from 6 cents a year ago.
For the fourth quarter, the company guided revenue between $1.327 billion and $1.331 billion, and adjusted income from operations between $695 million and $699 million.
Clorox Company increased 1.7% to $111.0, and the cleaning products maker reported better-than-expected fiscal first-quarter results.
Net sales decreased 19% to $1.4 billion from $1.7 billion, net income declined 20% to $80 million from $99 million, and diluted earnings per share fell 19% to 65 cents from 80 cents a year ago.
Adjusted earnings per share dropped 54% to 85 cents from $1.86 a year ago, primarily due to lower net sales related to its ERP transition.
U.S. Stocks Retreat from Record Highs as AI Trade Cools
Barry Adams
04 Nov, 2025
New York City
Wall Street indexes struggled to rise above the flatline amid worries about a market rally concentrated in a few mega-cap stocks.
The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite dropped 0.4% as investors debated the possible market correction.
Benchmark indexes have rebounded more than 37% from their lows in early April; however, those gains are powered by AI enthusiasm and earnings results surpassing market expectations.
Moreover, the Federal Reserve's two rate cuts in 2025 have supported market enthusiasm, and investors are looking for one additional rate cut this year followed by two more in the first half of 2026.
The U.S. federal government shutdown shows no signs of ending, and the data blackout has lowered visibility into the inner workings of the U.S. economy.
Investors are hoping that the labor market's conditions will improve and the jobless rate and churn will stabilize in the months ahead.
U.S. Stock Movers
Palantir Technologies dropped 7% to $192.80, and the company reported better-than-expected third-quarter results and fourth-quarter guidance.
Revenue increased 63% to $1.2 billion from $725.5 million, net income advanced more than threefold to $476.7 million from $149.3 million, and diluted earnings per share rose to 18 cents from 6 cents a year ago.
For the fourth quarter, the company guided revenue between $1.327 billion and $1.331 billion, and adjusted income from operations between $695 million and $699 million.
Clorox Company increased 1.7% to $111.0, and the cleaning products maker reported better-than-expected fiscal first-quarter results.
Net sales decreased 19% to $1.4 billion from $1.7 billion, net income declined 20% to $80 million from $99 million, and diluted earnings per share fell 19% to 65 cents from 80 cents a year ago.
Adjusted earnings per share dropped 54% to 85 cents from $1.86 a year ago, primarily due to lower net sales related to its ERP transition.
U.S. Stocks Retreat from Record Highs as AI Trade Cools
Barry Adams
04 Nov, 2025
New York City
Wall Street indexes struggled to rise above the flatline amid worries about a market rally concentrated in a few mega-cap stocks.
The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite dropped 0.4% as investors debated the possible market correction.
Benchmark indexes have rebounded more than 37% from their lows in early April; however, those gains are powered by AI enthusiasm and earnings results surpassing market expectations.
Moreover, the Federal Reserve's two rate cuts in 2025 have supported market enthusiasm, and investors are looking for one additional rate cut this year followed by two more in the first half of 2026.
The U.S. federal government shutdown shows no signs of ending, and the data blackout has lowered visibility into the inner workings of the U.S. economy.
Investors are hoping that the labor market's conditions will improve and the jobless rate and churn will stabilize in the months ahead.
U.S. Stock Movers
Palantir Technologies dropped 7% to $192.80, and the company reported better-than-expected third-quarter results and fourth-quarter guidance.
Revenue increased 63% to $1.2 billion from $725.5 million, net income advanced more than threefold to $476.7 million from $149.3 million, and diluted earnings per share rose to 18 cents from 6 cents a year ago.
For the fourth quarter, the company guided revenue between $1.327 billion and $1.331 billion, and adjusted income from operations between $695 million and $699 million.
Clorox Company increased 1.7% to $111.0, and the cleaning products maker reported better-than-expected fiscal first-quarter results.
Net sales decreased 19% to $1.4 billion from $1.7 billion, net income declined 20% to $80 million from $99 million, and diluted earnings per share fell 19% to 65 cents from 80 cents a year ago.
Adjusted earnings per share dropped 54% to 85 cents from $1.86 a year ago, primarily due to lower net sales related to its ERP transition.
Renewed Interest In AI Stocks Lifted Hong Kong Indexes
Li Chen
04 Nov, 2025
Hong Kong
China's tech stocks rebounded on Tuesday, mirroring renewed vigor in AI-linked stocks in New York.
The Hang Seng index gained 0.2%, and the mainland-focused CSI 300 index decreased 0.4% as investors awaited the release of key earnings later this week.
AI-related stocks advanced in China and Hong Kong following two large deals in the U.S., providing another leg of support to high-flying stocks in Hong Kong.
OpenAI struck a multi-year $38 billion data center "partnership" deal with Amazon.com and gained access to the computing power of servers using Nvidia's advanced AI chips.
Microsoft struck a $9.7 billion cloud computing deal with Australia-based IREN Ltd.
The five-year deal grants Microsoft access to NVIDIA's high-performance graphic processor GB300, hosted at the company's 750 MW campus in Texas.
China Indexes and Stocks
The Hang Seng Index increased 0.2% to 26,209.39, and the mainland-focused CSI 300 index fell 0.4% to 4,634.57.
Baidu Inc. jumped 6.5% to $126.20, Alibaba Group decreased 0.7% to HK $162.10, Meituan fell 1% to HK $101.30, Tencent Holdings gained 1.7% to HK $638.50, and SMIC advanced 1.4% to HK $73.85.
Renewed Interest In AI Stocks Lifted Hong Kong Indexes Ahead
Li Chen
04 Nov, 2025
Hong Kong
China's tech stocks rebounded on Tuesday, mirroring renewed vigor in AI-linked stocks in New York.
The Hang Seng index gained 0.2%, and the mainland-focused CSI 300 index decreased 0.4% as investors awaited the release of key earnings later this week.
AI-related stocks advanced in China and Hong Kong following two large deals in the U.S., providing another leg of support to high-flying stocks in Hong Kong.
OpenAI struck a multi-year $38 billion data center "partnership" deal with Amazon.com and gained access to the computing power of servers using Nvidia's advanced AI chips.
Microsoft struck a $9.7 billion cloud computing deal with Australia-based IREN Ltd.
The five-year deal grants Microsoft access to NVIDIA's high-performance graphic processor GB300, hosted at the company's 750 MW campus in Texas.
China Indexes and Stocks
The Hang Seng Index increased 0.2% to 26,209.39, and the mainland-focused CSI 300 index fell 0.4% to 4,634.57.
Baidu Inc. jumped 6.5% to $126.20, Alibaba Group decreased 0.7% to HK $162.10, Meituan fell 1% to HK $101.30, Tencent Holdings gained 1.7% to HK $638.50, and SMIC advanced 1.4% to HK $73.85.
Wall Street Indexes Looked Higher Amid Earnings Optimism, Berkshire Hathaway's Cash Soared to Record High
Barry Adams
03 Nov, 2025
New York City
Wall Street indexes flatlined on Monday, as investors looked forward to a new batch of earnings from leading corporations.
The S&P 500 index edged up 0.2%, and the tech-heavy Nasdaq Composite inched higher 0.3% amid earnings optimism.
Benchmark indexes extended their gains last week, and the tech-heavy Nasdaq Composite edged up 2.3%, and the S&P 500 index gained 4.7%.
This week investors are anticipating another batch of earnings releases and key economic updates on international trade, labor markets, and household spending.
The prolonged U.S. federal government shutdown is expected to continue, and investors are set to review key economic data, including ADP employment data, the University of Michigan Consumer Sentiment Index, and ISM Manufacturing and Services PMIs.
Investors are anticipating quarterly results from Berkshire Hathaway, Uber, AMD, Pfizer, Qualcomm, and ConocoPhillips.
In international trading, benchmark indexes in China, South Korea, India, and the eurozone edged higher as investors hoped that receding US-China trade tensions would bring near-term stability.
Under the latest framework agreement, the U.S. will pause additional 10% tariffs on Chinese goods, and China will curb its latest restrictions on rare-earth mineral exports to the U.S.
Gold extended its two-week losses after Fed Chair Jerome Powell said December's rate cut is not certain.
The U.S. federal government shutdown entered its sixth week, and lawmakers are not ready to compromise as a food-payment assistance program covering 42 million citizens runs out of money.
U.S. Stock Movers
Rare-earth stocks retained their upward bias as critical minerals became the latest focus of the US-China trade rivalry.
Critical Metals Corp. edged up 0.1% to $12.82, Energy Fuels Inc. decreased 1.0% to $20.10, NioCorp Developments declined 7.4% to $7.37, and Idaho Strategic Resources edged up 5.4% to $34.0.
Berkshire Hathaway Class B edged 1.2% to $484.20, and the diversified conglomerate said operating earnings rose 33% in the third quarter.
The property and casualty insurance company did not repurchase any of the stock in the latest quarter, as cash on hand surged to a record high of $382 billion.
Kimberly Clark agreed to acquire Kenvue for $48.7 billion, and the merged company with revenue of $32 billion will have a portfolio of 10 billion-dollar brands, including Kleenex, Huggies, Tylenol, and Band-Aid.
Kenvue was spun out of Johnson & Johnson in May 2023, at an initial price of $22 a share, valuing the company at $41 billion.
Wall Street Indexes Looked Higher Amid Earnings Optimism, Berkshire Hathaway's Cash Soared to Record High
Barry Adams
03 Nov, 2025
New York City
Wall Street indexes flatlined on Monday, as investors looked forward to a new batch of earnings from leading corporations.
The S&P 500 index edged up 0.2%, and the tech-heavy Nasdaq Composite inched higher 0.3% amid earnings optimism.
Benchmark indexes extended their gains last week, and the tech-heavy Nasdaq Composite edged up 2.3%, and the S&P 500 index gained 4.7%.
This week investors are anticipating another batch of earnings releases and key economic updates on international trade, labor markets, and household spending.
The prolonged U.S. federal government shutdown is expected to continue, and investors are set to review key economic data, including ADP employment data, the University of Michigan Consumer Sentiment Index, and ISM Manufacturing and Services PMIs.
Investors are anticipating quarterly results from Berkshire Hathaway, Uber, AMD, Pfizer, Qualcomm, and ConocoPhillips.
In international trading, benchmark indexes in China, South Korea, India, and the eurozone edged higher as investors hoped that receding US-China trade tensions would bring near-term stability.
Under the latest framework agreement, the U.S. will pause additional 10% tariffs on Chinese goods, and China will curb its latest restrictions on rare-earth mineral exports to the U.S.
Gold extended its two-week losses after Fed Chair Jerome Powell said December's rate cut is not certain.
The U.S. federal government shutdown entered its sixth week, and lawmakers are not ready to compromise as a food-payment assistance program covering 42 million citizens runs out of money.
U.S. Stock Movers
Rare-earth stocks retained their upward bias as critical minerals became the latest focus of the US-China trade rivalry.
Critical Metals Corp. edged up 0.1% to $12.82, Energy Fuels Inc. decreased 1.0% to $20.10, NioCorp Developments declined 7.4% to $7.37, and Idaho Strategic Resources edged up 5.4% to $34.0.
Berkshire Hathaway Class B edged 1.2% to $484.20, and the diversified conglomerate said operating earnings rose 33% in the third quarter.
The property and casualty insurance company did not repurchase any of the stock in the latest quarter, as cash on hand surged to a record high of $382 billion.
China Indexes Lacked Direction Amid Skepticism About the US-China Trade Agreement
Li Chen
03 Nov, 2025
Hong Kong
Stocks in China lacked direction as domestic investors focused on stretched valuation and foreign investors focused on receding US-China trade tensions.
The Hang Seng Index increased 0.5%, and the CSI 300 Index decreased 0.5% amid hopes that the mercurial U.S. president will not change his mind and fulfill the terms of the latest framework.
Despite the latest trade framework agreement, US-China trade relations are rocky, and tensions are likely to flare up amid constantly changing US trade policy and erratic Donald Trump.
Benchmark indexes in China and Hong Kong registered losses in October amid worries about stretched valuations, slowing economic growth, and persistent weakness in the residential real estate market.
The Hang Seng Index dropped 4%, and the CSI 300 Index decreased 1.9% in the previous month, the first monthly decline since April, when the U.S. president launched a global trade war.
China Indexes and Stocks
The Hang Seng Index gained 0.5% to 26,048.60, and the mainland-focused CSI 300 index decreased 0.5% to 4,619.67.
Chow Tai Fook Jewellery Group Ltd. dropped 7.6% to HK $14.05, Zijin Mining Group decreased 3% to HK $31.24, and Zijin Gold International Co. Ltd. fell 1.5% to HK $129.50.
Mininglamp Technology Group soared more than 100% to HK $286.0, and the company completed its initial public offering and listed its share on the Hong Kong Stock Exchange.
The data intelligence application software company sold 7.16 million shares at a price of HK $141 per share and raised a net proceed of HK $902.2 million.
Dynamiker Biotechnology Tianjin catapulted 500% to 102.53 yuan on the first day of its trading on the Beijing stock exchange.
China Indexes Lacked Direction Amid Skepticism About the US-China Trade Agreement
Li Chen
03 Nov, 2025
Hong Kong
Stocks in China lacked direction as domestic investors focused on stretched valuation and foreign investors focused on receding US-China trade tensions.
The Hang Seng Index increased 0.5%, and the CSI 300 Index decreased 0.5% amid hopes that the mercurial U.S. president will not change his mind and fulfill the terms of the latest framework.
Despite the latest trade framework agreement, US-China trade relations are rocky, and tensions are likely to flare up amid constantly changing US trade policy and erratic Donald Trump.
Benchmark indexes in China and Hong Kong registered losses in October amid worries about stretched valuations, slowing economic growth, and persistent weakness in the residential real estate market.
The Hang Seng Index dropped 4%, and the CSI 300 Index decreased 1.9% in the previous month, the first monthly decline since April, when the U.S. president launched a global trade war.
China Indexes and Stocks
The Hang Seng Index gained 0.5% to 26,048.60, and the mainland-focused CSI 300 index decreased 0.5% to 4,619.67.
Chow Tai Fook Jewellery Group Ltd. dropped 7.6% to HK $14.05, Zijin Mining Group decreased 3% to HK $31.24, and Zijin Gold International Co. Ltd. fell 1.5% to HK $129.50.
Mininglamp Technology Group soared more than 100% to HK $286.0, and the company completed its initial public offering and listed its share on the Hong Kong Stock Exchange.
The data intelligence application software company sold 7.16 million shares at a price of HK $141 per share and raised a net proceed of HK $902.2 million.
Dynamiker Biotechnology Tianjin catapulted 500% to 102.53 yuan on the first day of its trading on the Beijing stock exchange.
U.S. Movers: Amazon.com, Apple, Exxon Mobil
Scott Peters
31 Oct, 2025
New York City
Apple Inc. gained 1.7% to $276.0, and the mobile phone maker reported better-than-expected fiscal fourth-quarter earnings.
Total sales increased to $102.5 billion from $94.9 billion, net income advanced to $27.5 billion from $14.7 billion, and diluted earnings per share rose to $1.85 from 97 cents a year ago.
The company declared a quarterly cash dividend of 26 cents per share payable on November 13 to shareholders on November 10.
The popular electronic device maker provided strong guidance for the December quarter, driven by better-than-estimated demand for its iPhone 17 mobile devices.
Amazon.com Inc. soared 13% to $251.61, and the e-commerce company reported better-than-expected third-quarter results.
Net sales increased 13% to $180.2 billion from $158.9 billion, net income rose to $21.2 billion from $15.3 billion, and diluted earnings per share advanced to $1.95 from $1.43 a year ago.
Sales in North America increased 11% from a year ago to $106.3 billion, international segment sales rose 14% to $40.9 billion, and AWS, or cloud unit, revenue soared 20% to $33.0 billion.
The e-commerce company "expanded Same-Day Delivery of perishable groceries to 1,000+ cities and towns in the U.S., with plans to reach 2,300+ locations by the end of 2025."
The company guided fourth-quarter sales to fall in the range of $206 billion and $213 billion, an increase of between 10% and 13% from a year ago.
The company estimated operating income between $21 billion and $26 billion, compared to $21.2 billion in the quarter a year ago.
Exxon Mobil Corp. decreased 1.5% to $112.88, and the oil company reported a decline in earnings in the third quarter.
Total revenues decreased to $85.3 billion from $90.0 billion, net income fell to $7.5 billion from $8.6 billion, and diluted earnings per share dropped to $1.76 from $1.92 a year ago.
"Year-to-date net production was 4.7 million oil-equivalent barrels per day, highlighted by a new quarterly production record in both the Permian, with nearly 1.7 million oil-equivalent barrels per day, and Guyana, where gross production exceeded 700,000 oil-equivalent barrels per day," the company highlighted in its statement to investors.
The company increased its quarterly dividend by 4% to $1.03 per share payable on December 10 to shareholders recorded on November 14.
U.S. Movers: Amazon.com, Apple, Exxon Mobil
Scott Peters
31 Oct, 2025
New York City
Apple Inc. gained 1.7% to $276.0, and the mobile phone maker reported better-than-expected fiscal fourth-quarter earnings.
Total sales increased to $102.5 billion from $94.9 billion, net income advanced to $27.5 billion from $14.7 billion, and diluted earnings per share rose to $1.85 from 97 cents a year ago.
The company declared a quarterly cash dividend of 26 cents per share payable on November 13 to shareholders on November 10.
The popular electronic device maker provided strong guidance for the December quarter, driven by better-than-estimated demand for its iPhone 17 mobile devices.
Amazon.com Inc. soared 13% to $251.61, and the e-commerce company reported better-than-expected third-quarter results.
Net sales increased 13% to $180.2 billion from $158.9 billion, net income rose to $21.2 billion from $15.3 billion, and diluted earnings per share advanced to $1.95 from $1.43 a year ago.
Sales in North America increased 11% from a year ago to $106.3 billion, international segment sales rose 14% to $40.9 billion, and AWS, or cloud unit, revenue soared 20% to $33.0 billion.
The e-commerce company "expanded Same-Day Delivery of perishable groceries to 1,000+ cities and towns in the U.S., with plans to reach 2,300+ locations by the end of 2025."
The company guided fourth-quarter sales to fall in the range of $206 billion and $213 billion, an increase of between 10% and 13% from a year ago.
The company estimated operating income between $21 billion and $26 billion, compared to $21.2 billion in the quarter a year ago.
Exxon Mobil Corp. decreased 1.5% to $112.88, and the oil company reported a decline in earnings in the third quarter.
Total revenues decreased to $85.3 billion from $90.0 billion, net income fell to $7.5 billion from $8.6 billion, and diluted earnings per share dropped to $1.76 from $1.92 a year ago.
"Year-to-date net production was 4.7 million oil-equivalent barrels per day, highlighted by a new quarterly production record in both the Permian, with nearly 1.7 million oil-equivalent barrels per day, and Guyana, where gross production exceeded 700,000 oil-equivalent barrels per day," the company highlighted in its statement to investors.
The company increased its quarterly dividend by 4% to $1.03 per share payable on December 10 to shareholders recorded on November 14.