TradingKey

TradingKey - U.S. stocks closed modestly lower as long-term Treasury yields climbed to their highest levels since 2002 and U.S. consumer confidence fell short of expectations. Some technology stocks rebounded, optical communications shares outperformed, and bank stocks lagged.

TradingKey - On September 30, Japanese and South Korean stock markets rose in tandem during early trading, with tech stocks showing active performance. Japan's Nikkei 225 Index opened 0.99% higher at 66,128.59 points, with gains later expanding to 1.33% at 66,350.59 points. South Korea's KOSPI Index opened 1.06% higher at 6,943.47 points, and subsequently stood 1.03% higher at 6,941.91 points.

Uranium Energy’s fiscal Q4 2026 production rose 157% sequentially as Christensen Ranch doubled output and Burke Hollow completed its first full quarter.

Carnival beat all Q3 2026 guidance measures, posted record revenue and net income, and lifted adjusted EPS guidance to $2.24 despite higher fuel costs.

CarMax’s fiscal Q2 EPS rose 81% as retail and wholesale volumes increased, CAF income grew and SG&A per unit declined.

Concentrix Q3 2026 earnings call: revenue fell 0.5% in constant currency, margins expanded, AI revenue passed 50%, and Q4 guidance was reduced.

• Meta introduced Muse for Small Business to expand enterprise artificial intelligence workflows. • Commercial software deployments provided investors with clear evidence of return on investment. • Technical indicators and bullish market sentiment drove strong institutional buying interest.

US stocks edged lower as US Treasury yields climbed to multi-year highs again. Some tech stocks rebounded, with optical communications shares leading the gains and bank stocks leading the declines. At the close, the Dow Jones Industrial Average fell 0.26% to 51,349.92; the Nasdaq Composite Index slipped 0.09% to 26,797.54; and the S&P 500 Index dropped 0.17% to 7,670.84.

CarMax fiscal Q2 2027 sales rose 19% to $7.9 billion, EPS increased 81%, and used unit comps gained 13% as pricing and CAF income improved.

Carnival’s fiscal Q3 2026 earnings call covered record revenue and yields, $2.24 EPS guidance, strong 2027 bookings, lower fuel use and debt below $24 billion.

According to people familiar with the matter, after postponing its initial public offering (IPO) plans, OpenAI aims to raise at least $30 billion in a new funding round, targeting a valuation of approximately $1.4 trillion (excluding the funds raised in this round).

OpenAI announced the launch of GPT-6.1 Sol, an upgraded version of GPT-6 Sol that focuses on enhancing agentic coding, computer use, and professional work capabilities. OpenAI stated that GPT-6.1 Sol approaches the performance of GPT-6 Astra across multiple benchmarks, while its standard input and output token prices are approximately one-fifth those of Astra. Additionally, the AI agent Dot was also unveiled.

Axios reported on Tuesday, citing people familiar with the matter, that OpenAI's annualized revenue is approaching $70 billion based on its current operational performance. By comparison, when Bloomberg News reported in August, OpenAI's annualized revenue run rate stood at "over $40 billion."

• United Rentals experienced selling pressure following a technical breakdown below key support levels. • Fleet expansion expenses and higher depreciation costs continue to create margin headwinds. • The company reports annual revenue of $16.10B and a net profit of $2.49B.

On September 29, Eastern Time, Oracle (ORCL) shares rose 5%, reclaiming the $140 mark. Oracle and intelligent data infrastructure provider NetApp announced plans to launch OCI NetApp Storage Service, natively integrating NetApp ONTAP's data management capabilities into Oracle Cloud Infrastructure (OCI). This fully managed service is expected to be generally available within the next 12 months.

• FHFA enabled equal mortgage adoption for FICO and VantageScore models. • TransUnion extended discounted VantageScore pricing, threatening FICO market share. • FICO technical indicators show oversold conditions with a negative MACD.

• Carnival beat earnings estimates, driving sector momentum and resilient consumer demand. • Major Wall Street banks upgraded Royal Caribbean following attractive valuation pullbacks. • Strategic resort expansions and strong annual revenues reinforce long-term earnings growth.

• Carnival Corporation reported fiscal third-quarter earnings exceeding Wall Street revenue and income estimates. • Management raised its full-year outlook based on record booking indicators and strong demand. • Multiple analysts rated the stock as Buy with an average price target of $33.83.

• Pershing Square faced sharp profit-taking following a rapid multi-week rally. • Wall Street analysts maintained lower consensus price targets due to elevated valuations. • The company reported an annual revenue of $348.77M and net profit of $249.78M.

• Barclays upgraded Lumentum to Overweight amid strong optical transceiver demand. • AI infrastructure growth and expanding foundry capacities boosted photonic chip volumes. • Lumentum reported annual revenue of $3.01B and a net loss.