Market Update
U.S. Movers: Cisco Systems, Firefly Aerospace, Sweetgreen
Scott Peters
13 Nov, 2025
New York City
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
U.S. Movers: Cisco Systems, Firefly Aerospace, Sweetgreen
Scott Peters
13 Nov, 2025
New York City
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
U.S. Government Prepares to Reopen and Defensive Stocks Shine
Barry Adams
13 Nov, 2025
New York City
Wall Street indexes struggled to advance amid market rotation as investors avoided increasing exposure to risk-on assets.
The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite declined 0.3% as investors awaited the resumption of key economic data.
The U.S. House of Representatives ended the record 43-day-long federal government shutdown after passing a spending resolution by a 222-209 vote.
The agreement between the Republicans and centrist Democrats approved government spending through January and financing of key government programs until the end of fiscal 2026.
Most of the furloughed federal employees are expected to be rehired, and the federal government will resume the funding of food and nutrition assistance provided to about 42 million people.
Financial markets have encountered additional challenges over the last six weeks due to a data blackout resulting from the prolonged government shutdown.
The reopening of government will facilitate the resumption of the flow of macroeconomic data, including inflation and nonfarm payrolls data for September.
U.S. Stock Movers
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
U.S. Government Prepares to Reopen and Defensive Stocks Fin
Barry Adams
13 Nov, 2025
New York City
Wall Street indexes struggled to advance amid market rotation as investors avoided increasing exposure to risk-on assets.
The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite declined 0.3% as investors awaited the resumption of key economic data.
The U.S. House of Representatives ended the record 43-day-long federal government shutdown after passing a spending resolution by a 222-209 vote.
The agreement between the Republicans and centrist Democrats approved government spending through January and financing of key government programs until the end of fiscal 2026.
Most of the furloughed federal employees are expected to be rehired, and the federal government will resume the funding of food and nutrition assistance provided to about 42 million people.
Financial markets have encountered additional challenges over the last six weeks due to a data blackout resulting from the prolonged government shutdown.
The reopening of government will facilitate the resumption of the flow of macroeconomic data, including inflation and nonfarm payrolls data for September.
U.S. Stock Movers
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
Japan's Producer Price Inflation Slowed In October, Toyota Plans Additional Investments In U.S. Operations
Akira Ito
13 Nov, 2025
Tokyo
Stock market indexes in Japan advanced amid receding global tensions and ahead of key earnings results.
The Nikkei 225 Stock Average increased 0.5% to 51,277.40, and the broader Topix advanced 0.7% to a record intraday high of 3,380.91.
Global market sentiment improved after the U.S. lawmakers and president signed a bill to reopen the federal government and pass key spending resolutions.
Despite the ending of the 43-day shutdown, investors could be staring at another shutdown in the months ahead, as the current passage funds government programs until the end of January.
For now, investors shifted focus away from tariff tensions and government shutdown to domestic corporate results and macroeconomic data.
Toyota Motor said it plans to invest up to $10 billion in the U.S. over the next five years, as the vehicle maker ramps up production of hybrid cars and lithium-ion batteries for electric vehicles.
Japan’s producer price inflation slowed in October from the previous month, according to the latest data released by the Bank of Japan.
Producer price inflation slowed to an annual rate of 2.7% from the annual rate of 2.8% in September, driven by a sustained increase in food & beverage prices, manufactured goods, and transportation equipment.
However, prices for chemicals, iron and steel, and petroleum and coal products are reflecting lower import costs.
On a monthly basis, prices rose 0.4%, slower than the 0.5% increase in the previous month, and gained for the second consecutive month.
Japan Indexes and Stocks
The Nikkei 225 Stock Average advanced 0.4% to 51,276.60, and the mainland-focused Topix increased 0.6% to 3,379.35.
Toyota Motor Corp. increased 0.2% to ¥3,197.0, Honda Motor Co. Ltd. inched up 0.9% to ¥1,558.0, and Nissan Motor Co. Ltd. advanced 2.7% to ¥373.90.
Nippon Yusen KK fell 1% to ¥4,921.0, Kawasaki Kisen Kaisha Ltd. edged up 0.1% to ¥2,100.0, and Mitsui O.S.K. Lines Ltd. fell 0.7% to ¥4,441.0.
Softbank Group Corp. decreased 4.5% to ¥20,845.0, and the AI-focused company extended its two-week losses to 35% from a record high after the company sold its stake in Nvidia and pared its holding in T-Mobile and sharpened its focus on OpenAI.
Japan's Producer Price Inflation Slowed In October, Toyota Plans Additional Investments In U.S. Operations
Akira Ito
13 Nov, 2025
Tokyo
Stock market indexes in Japan advanced amid receding global tensions and ahead of key earnings results.
The Nikkei 225 Stock Average increased 0.5% to 51,277.40, and the broader Topix advanced 0.7% to a record intraday high of 3,380.91.
Global market sentiment improved after the U.S. lawmakers and president signed a bill to reopen the federal government and pass key spending resolutions.
Despite the ending of the 43-day shutdown, investors could be staring at another shutdown in the months ahead, as the current passage funds government programs until the end of January.
For now, investors shifted focus away from tariff tensions and government shutdown to domestic corporate results and macroeconomic data.
Toyota Motor said it plans to invest up to $10 billion in the U.S. over the next five years, as the vehicle maker ramps up production of hybrid cars and lithium-ion batteries for electric vehicles.
Japan’s producer price inflation slowed in October from the previous month, according to the latest data released by the Bank of Japan.
Producer price inflation slowed to an annual rate of 2.7% from the annual rate of 2.8% in September, driven by a sustained increase in food & beverage prices, manufactured goods, and transportation equipment.
However, prices for chemicals, iron and steel, and petroleum and coal products are reflecting lower import costs.
On a monthly basis, prices rose 0.4%, slower than the 0.5% increase in the previous month, and gained for the second consecutive month.
Japan Indexes and Stocks
The Nikkei 225 Stock Average advanced 0.4% to 51,276.60, and the mainland-focused Topix increased 0.6% to 3,379.35.
Toyota Motor Corp. increased 0.2% to ¥3,197.0, Honda Motor Co. Ltd. inched up 0.9% to ¥1,558.0, and Nissan Motor Co. Ltd. advanced 2.7% to ¥373.90.
Nippon Yusen KK fell 1% to ¥4,921.0, Kawasaki Kisen Kaisha Ltd. edged up 0.1% to ¥2,100.0, and Mitsui O.S.K. Lines Ltd. fell 0.7% to ¥4,441.0.
Softbank Group Corp. decreased 4.5% to ¥20,845.0, and the AI-focused company extended its two-week losses to 35% from a record high after the company sold its stake in Nvidia and pared its holding in T-Mobile and sharpened its focus on OpenAI.
China Indexes Diverged Ahead of Key Economic Data and Quarterly Results
Li Chen
13 Nov, 2025
Hong Kong
Stock market indexes in China and Hong Kong diverged as investors awaited earnings from tech leaders and key macroeconomic data.
The Hang Seng index declined 0.6%, and the CSI 300 index rose 1.0% amid receding global tensions.
The U.S. government reopened after the longest shutdown as lawmakers approved short-term funding and passed several budgetary proposals to finance various government programs.
The 43-day shutdown also clouded the inner workings of the U.S. economy amid a data blackout, hampering rate decisions by policymakers.
Investor sentiment improved as the U.S. federal agencies are set to resume release of long-awaited macroeconomic data, including inflation and employment.
Closer to home, China's statistical bureau is scheduled to release updates on retail sales, fixed-asset investment, and industrial production.
Investors are looking for clues about the consumer spending and the impact of fading effects of front-loading ahead of the steep increase in U.S. tariffs.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 26,766.78, and the mainland-focused CSI 300 index advanced 1% to 4,690.71.
JD.com and Tencent Holdings were in focus ahead of the release of their quarterly results later in the evening.
Tencent Holdings decreased 1.1% to HK $649.50, JD.com dropped 2.2% to HK $122.0, and Alibaba Group Holding fell 1.2% to HK $154.90.
China Indexes Diverged Ahead of Key Economic Data and Quarterly Results
Li Chen
13 Nov, 2025
Hong Kong
Stock market indexes in China and Hong Kong diverged as investors awaited earnings from tech leaders and key macroeconomic data.
The Hang Seng index declined 0.6%, and the CSI 300 index rose 1.0% amid receding global tensions.
The U.S. government reopened after the longest shutdown as lawmakers approved short-term funding and passed several budgetary proposals to finance various government programs.
The 43-day shutdown also clouded the inner workings of the U.S. economy amid a data blackout, hampering rate decisions by policymakers.
Investor sentiment improved as the U.S. federal agencies are set to resume release of long-awaited macroeconomic data, including inflation and employment.
Closer to home, China's statistical bureau is scheduled to release updates on retail sales, fixed-asset investment, and industrial production.
Investors are looking for clues about the consumer spending and the impact of fading effects of front-loading ahead of the steep increase in U.S. tariffs.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 26,766.78, and the mainland-focused CSI 300 index advanced 1% to 4,690.71.
JD.com and Tencent Holdings were in focus ahead of the release of their quarterly results later in the evening.
Tencent Holdings decreased 1.1% to HK $649.50, JD.com dropped 2.2% to HK $122.0, and Alibaba Group Holding fell 1.2% to HK $154.90.
China Thursday
Li Chen
13 Nov, 2025
Hong Kong
Stock market indexes in China and Hong Kong diverged as investors awaited earnings from tech leaders and key macroeconomic data.
The Hang Seng index declined 0.6%, and the CSI 300 index rose 1.0% amid receding global tensions.
The U.S. government reopened after the longest shutdown as lawmakers approved short-term funding and passed several budgetary proposals to finance various government programs.
The 43-day shutdown also clouded the inner workings of the U.S. economy amid a data blackout, hampering rate decisions by policymakers.
Investor sentiment improved as the U.S. federal agencies are set to resume release of long-awaited macroeconomic data, including inflation and employment.
Closer to home, China's statistical bureau is scheduled to release updates on retail sales, fixed-asset investment, and industrial production.
Investors are looking for clues about the consumer spending and the impact of fading effects of front-loading ahead of the steep increase in U.S. tariffs.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 26,766.78, and the mainland-focused CSI 300 index advanced 1% to 4,690.71.
JD.com and Tencent Holdings were in focus ahead of the release of their quarterly results later in the evening.
Tencent Holdings decreased 1.1% to HK $649.50, JD.com dropped 2.2% to HK $122.0, and Alibaba Group Holding fell 1.2% to HK $154.90.