Daily News

Oil prices rebounded after plunging more than 8% in the previous session, while technology stocks faced renewed pressure over AI regulation concerns.

Oil prices also edged higher as markets awaited Washington’s next move in the war in Iran.

Fiserv reaffirmed its 2026 outlook and expects revenue to resume growth in the fourth quarter as the turnaround under its new CEO gains traction.

Aehr Test Systems raised its fiscal 2027 revenue forecast to $150 million from a previous range of $130 million to $150 million, implying 200% growth over fiscal 2026.

Wall Street braces for election-driven uncertainty as strategists assess whether the outcome could trigger a relief rally or fresh selling.

Strategists are weighing risks to fiscal negotiations, Treasury yields and AI investment as Americans vote in the November 3 midterm elections.

CrowdStrike is expanding its Falcon platform with AI security testing, agent monitoring and new controls to stop unauthorized activity, alongside integrations with Anthropic, AWS and Lovable.

Oil prices gained on reports of a U.S. strike on Iran, while traders looked ahead to a busy earnings calendar, both before and after the bell.

UBS expects AI investment to support global equity returns in 2027 despite concerns over overinvestment, financing and cannibalization, but says greater selectivity is needed.

The maker of the Claude AI models returned to an operating loss in the third quarter, one quarter after its first operating profit.

Northland upgraded Coherent following a steep share-price pullback, while JPMorgan maintained its bullish outlook on optical demand ahead of the company's quarterly earnings.

CrowdStrike announced new AI security partnerships and expanded its European partner network, while Deutsche Bank upgraded its rating on the stock, citing a larger cybersecurity market opportunity driven by AI.

The company also cleared regulatory review of its pending acquisition of Personalis (PSNL), with a shareholder vote scheduled for November 30.

Check Point CEO Nadav Zafrir said fiscal third-quarter results were in line with the company's expectations, citing improving leading indicators despite a slower recovery.

Yardeni told CNBC-TV18 investors are rotating out of AI stocks into health care, financials and industrials rather than leaving U.S. equities, and that the pullback has lowered valuations even as earnings expectations rise.

U.S. stock futures edged higher after a bruising week for Wall Street, as investors looked ahead to major earnings, economic data, and the Nov. 3 midterm elections. Oil prices fell on hopes of progress in US-Iran negotiations.

Brent could average $88 a barrel in 2027 as Goldman Sachs reportedly factors in potential supply disruptions, while fresh peace talks weigh on near-term prices.

In an interview with CNBC, Michael Selig stated that the Binance hack reinforces the case for federal oversight of offshore cryptocurrency exchanges.

Roblox beat third-quarter revenue and bookings estimates, but its fourth-quarter bookings forecast of $1.89 billion to $2 billion came in below analysts’ expectations of about $2.01 billion.

Richmond Fed President Tom Barkin said a measured approach to monetary tightening makes sense as inflation remains elevated, unemployment stays low, and consumer demand holds up.

Needham said the Binance incident roiled crypto markets around Coinbase’s earnings report and flagged AI-derived hacking risk as a concern for the sector heading into 2027.

Niccol told CNBC that Starbucks sees significant growth opportunities across Asia and North America, supported by rising customer transactions and higher per-visit spending.

Reddit's earnings beat was overshadowed by disappointing user growth, weaker fourth-quarter revenue guidance and uncertainty surrounding its shift toward logged-in access.

SanDisk reported stronger-than-expected earnings, upbeat guidance and an eight-for-one stock split announcement, as analysts highlighted concerns about earnings sustainability and valuation.

CoinGlass data showed that over $1.6 billion in crypto bets had been wiped out, with long positions accounting for $1.35 billion.

Disappointing Big Tech earnings, rising AI financing costs and semiconductor weakness have weighed on the index despite continued optimism about AI demand.

Investors weigh mounting concerns over Big Tech spending, rising crude prices, and a mixed batch of corporate earnings on the final trading day of October.

Yardeni highlighted prospective AI financing, Anthropic's improving operating performance and strong semiconductor demand as reasons for his confidence in the AI investment boom.

ServiceNow shares plunged after its third-quarter results, with analysts highlighting softer contracted revenue growth despite the company's expanding AI opportunity.

Google stock slumped following disappointing third-quarter earnings, prompting several analysts to lower their price targets despite strong Google Cloud growth.

The Fed voted 10-2 on Wednesday to maintain interest rates at 3.75%–4%, with Lisa Cook and Beth Hammack favoring a quarter-point increase.

Howmet Aerospace projects 12% revenue growth in 2027, supported by strong commercial aerospace demand and accelerating gas turbine sales.

Fortinet raised its full-year 2026 revenue and billings guidance, but analysts expressed concerns about slowing product growth and weaker services performance.

Investors are widely expecting the central bank to leave its benchmark interest rate unchanged.

The proceedings reportedly follow a $6 million negligence verdict against Meta and YouTube in March, as thousands of similar lawsuits remain pending in U.S. courts.

Analysts remain divided over whether Seagate's pricing power and HAMR technology advantages can offset slower storage shipments and potential industry supply increases.

SK Hynix expects memory demand to outpace supply through 2030, citing AI adoption, the difficulty of advanced chipmaking and long lead times for new capacity.

Vertiv's third-quarter adjusted earnings topped Wall Street expectations by 21%, supported by stronger profitability and cash generation.

Hotter September inflation, rising oil prices and a 10-year Treasury yield above 5% are complicating the Fed’s outlook.

Investors await the Federal Reserve’s interest rate decision and major technology earnings as U.S. stock futures trade mixed and oil prices rise on Middle East tensions.

According to Bloomberg, Solidigm has told U.S. officials that investment in the proposed facility could eventually approach $100 billion, weeks after exploring plans for a U.S. IPO.

Analysts expect Seagate's first-quarter revenue to climb 58%; Rosenblatt sees further earnings upside as the company's advanced hard drives gain scale.

AMD's Helios systems are being tested at Meta, while the Facebook parent has increased its planned equity fundraising to support its AI infrastructure expansion.

Apple's latest MacBook launch follows the iPhone Duo's retail debut, as HSBC maintained its ‘Buy’ rating ahead of the company's November 2 earnings report.

Corning's generative AI product sales more than doubled in the fiscal third quarter, while management reiterated its goal of reaching a $40 billion annualized sales run rate by 2030.

Anthropic’s IPO filing detailed its extensive relationship with Broadcom, including a five-year equipment lease agreement involving approximately $125.2 billion in payments, excluding interest.

CoreWeave has brought most of its planned 22.5 megawatts of computing capacity online in Denmark, with a global AI network rollout targeted for completion by mid-2027.

Investors are preparing for a busy trading session, with a fresh batch of corporate earnings and the start of the Federal Reserve’s two-day policy meeting.

In an interview with CNBC, McCartney said investors need evidence that AI investments can generate enough revenue to justify infrastructure spending.

According to Lee, despite the sell-off, the crypto pullback this time has been comparatively shallow compared to previous iterations.