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Post-Bell｜Indexes Close Higher; IRobot Surged 74%; Richtech And Serve Rose 18%; UiPath Up 6%; Marvell Rose 8%; Microsoft Down 3%
U.S. stocks advanced to close higher on Wednesday, as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal Reserve next week, while a fall in Microsoft's shares curbed the advance.Market SnapshotThe Dow Jones Industrial Average rose 408.44 points, or 0.86%, to...Tiger News
Wed, Dec 3
Snowflake's product revenue outlook falls short of investor ambition, shares fall
By Kritika LambaDec 3 (Reuters) - Snowflake SNOW.N forecast fourth-quarter product revenue above analysts' estimates but falls short of lofty investor expectations for stronger growth, sending its shares down about 8% in extended trading.The cloud data analytics firm, whose shares have surged mo...Reuters
Wed, Dec 3
Salesforce raises annual forecasts as AI software adoption picks up steam
By Zaheer Kachwala Dec 3 (Reuters) - Salesforce CRM.N raised its fiscal 2026 revenue and adjusted profit forecasts on Wednesday, anticipating growth in its artificial intelligence agent platform due to strong enterprise demand, sending its shares up more than 2% in extended trading. The forecast ...Reuters
Wed, Dec 3
PVH shares fall after downbeat quarterly forecasts
Shares Tommy Hilfiger and Calvin Klein parent PVH PVH.N down ~2% at $85.75 after the bell on downbeat quarterly forecasts amid macroeconomic and global trade uncertaintiesCo sees Q4 adj. EPS in a range of $3.20 to $3.35, below estimates of $3.61, forecasts revenue to "increase slightly to up low...Reuters
Wed, Dec 3
MDU Resources falls after launching $200 million share sale
Electricity and natural gas utility provider MDU Resources' MDU.N shares fall 2.4% to $19.75 in extended tradingMDU unveils public offering of $200 million of shares with forward sale componentIt plans to enter into forward sale agreements with bookrunners Wells Fargo Securities, BofA Securities...Reuters
Wed, Dec 3
TRADING DAY-Fed hopes fire risk rally
By Jamie McGeever ORLANDO, Florida, Dec 3 (Reuters) - Stocks rose while U.S. bond yields and the dollar fell on Wednesday, after surprisingly weak private sector jobs data increased the likelihood that the Federal Reserve will lower interest rates again next week. More on that below. In my co...Reuters
Wed, Dec 3
Symbotic tumbles as SoftBank to trim stake in share offering
Shares of robotics vendor Symbotic SYM.O down 13.4% in extended trading to $63.40 after equity offering newsWilmington, Massachusetts-based SYM commences 10 mln share offering; SYM to sell 6.5 mln shares, while SoftBank 9984.T affiliate to part ways with 3.5 mln sharesSYM to use net offering proceed...Reuters
Wed, Dec 3
Intel says it will keep networking and communications unit
Dec 3 (Reuters) - Intel INTC.O said on Wednesday it has opted to keep its networking and communications unit in the company following a review of strategic options for the unit. Intel had previously explored selling various assets while it weighed options on how to improve its financial posit...Reuters
Wed, Dec 3
US STOCKS-Indexes close higher as data keeps Fed rate cut expectations elevated
Investors assess ADP employment and ISM services reports Microsoft pares declines after disputing report about AI sales quotasSmall caps outperformIndexes up: Dow 0.86%, S&P 0.30%, Nasdaq 0.17%By Chuck Mikolajczak NEW YORK, Dec 3 (Reuters) - U.S. stocks advanced to close higher on Wednesday, ...Reuters
Wed, Dec 3
CANADA STOCKS-TSX ends higher as oil prices rise, bank earnings beat estimates
By Fergal Smith Dec 3 (Reuters) - Canada's main stock index rose on Wednesday as higher oil prices boosted energy shares and the major banks continued to beat earnings estimates.The S&P/TSX Composite index .GSPTSE ended up 111.26 points, or 0.4%. It follows two consecutive days of losses ...Reuters
Wed, Dec 3
Salesforce climbs after raising annual revenue forecast
Shares of Salesforce CRM.N rise 4.5% to $249.35 after the bellCRM raises annual revenue forecast to between $41.45 billion and $41.55 billion, from between $41.1 billion and $41.3 billionAlso raises FY 2026 adj. EPS forecast range to $11.75 to $11.77, from $11.33-$11.37Posts Q3 revenue of $10.26 bil...Reuters
Wed, Dec 3
GLOBAL MARKETS-Stocks gain, US yields drop as markets weigh likely Fed rate cut
Wall Street stocks finish higherDollar drops again as investors bet on dovish Fed under HassettBrent crude settles higherSpot gold hovers around $4,200 per ounceBy Chibuike Oguh NEW YORK, Dec 3 (Reuters) - Global shares rose while U.S. Treasury yields fell after weak economic data solidified expe...Reuters
Wed, Dec 3
Five Below rises on upbeat annual forecast, quarterly results
Shares of discount retailer Five Below FIVE.O up 2.5% at $167.25 after the bellCo raises annual forecast, reports quarterly results beat on demand for discount goods among budget-conscious consumers amid macroeconomic uncertaintyFIVE now sees fiscal 2025 net sales in the range of $4.62 billion to $4...Reuters
Wed, Dec 3
LIVE MARKETS-US stocks shake off data, tech weakness, take solace in rate cut hopes
Main US indexes rise; Dow out front, up ~0.9%Energy leads S&P 500 sector gainers; Tech weakest groupDollar down; gold ~flat; crude gains; bitcoin up >1%US 10-Year Treasury yield edges dips to ~4.06%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You...Reuters
Wed, Dec 3
Fastly slides on planned $125 mln convertible bond sale
Shares of content-delivery network firm Fastly FSLY.N down 6.3% post-market to $11 as co looks to raise capital to reduce debtSan Francisco-based FSLY announces private offering of $125 mln 5-yr convertible bonds (CBs)Co plans to use net offering proceeds to repurchase a portion of its outstanding 0...Reuters
Wed, Dec 3
US STOCKS-Indexes close higher as data keeps Fed rate cut expectations elevated
Investors assess ADP employment and ISM services reports Microsoft pares declines after disputing report about AI sales quotasSmall caps outperformBy Chuck Mikolajczak NEW YORK, Dec 3 (Reuters) - U.S. stocks advanced to close higher on Wednesday, as a flurry of economic data kept expectations ele...Reuters
Wed, Dec 3
Adidas defeats appeal of lawsuit over imploded Ye partnership
Court says Adidas risk disclosures were not misleadingAdidas ended partnership with Ye after antisemitic rantsShareholders' lawyers not available for commentBy Jonathan Stempel Dec 3 (Reuters) - Adidas ADSGn.DE defeated an appeal on Wednesday by U.S. shareholders who said the footwear and app...Reuters
Wed, Dec 3
PREVIEW: Dollar General seen reporting rev, EPS increase in results early Thursday
Shares of Dollar General DG.N are up 1% on Wed, with the discount retailer seen reporting an increase in rev and EPS in its quarterly results, due before the bell on ThursShares of fellow discount retailer Dollar Tree DLTR.O were up 4.4% on Wed after the co raised its annual profit forecast and beat...Reuters
Wed, Dec 3
EMERGING MARKETS-LatAm FX hit record against weaker dollar as Fed rate cut bets firm
Stocks up 0.3%, FX rises 0.4%Brazil's service sector expands in November Brazil's president expects further US tariff cutsMexican government to raise minimum wageBy Twesha Dikshit Dec 3 (Reuters) - Latin American currencies hit a record high on Wednesday against a softer dollar, while...Reuters
Wed, Dec 3
PREVIEW: Salesforce seen reporting rev, EPS gain in qtrly results after the bell
Shares of Salesforce CRM.N are up 1.3% in afternoon trading Wed, with the software co seen reporting an increase in yr-over-yr rev and EPS in its quarterly results, due after the closing bellAnalysts on average expect Q3 rev of $10.27 bln vs $9.44 bln in the yr-ago period, and adj EPS of $2.86 vs $2...Reuters
Wed, Dec 3
