TREE NEWS update: FedEx now expects full-year adjusted earnings per share of $18 to $18.60, up from its previous forecast of $16.90 to $18.10. The company raised its guidance on the same day it reported results, signaling stronger-than-expected performance for the fiscal year.
TREE NEWS reports: Ford Motor reported third-quarter adjusted earnings per share of $0.49, beating the $0.41 analyst consensus by $0.08. The automaker’s quarterly result exceeded expectations on adjusted EPS, with no other figures disclosed in the release.
TREE NEWS update: Microsoft reported $92.3 billion in revenue for its fiscal 2027 first quarter ended Sept. 30, 2026, up 19% year over year, with net income of $36.6 billion, up 32%. Azure revenue rose 48% and Microsoft Cloud revenue reached $63.9 billion, up 30%, while commercial remaining performance obligations grew 73% to $677 billion. Capital expenditures on property and equipment were $39.4 billion for the quarter.
TREE NEWS reports: Alphabet reported third-quarter revenue of $127.58 billion, below the $127.93 billion consensus estimate. Google Cloud revenue came in at $30.71 billion, beating the $29.1 billion expected, while Google advertising revenue was $82.01 billion, short of the $83.57 billion estimate.
TREE NEWS update: Microsoft reported first-quarter revenue of $92.28 billion, topping the $90.63 billion consensus estimate. Cloud revenue came in at $63.9 billion, also above the $61.62 billion expected. The results, disclosed in the company’s fiscal first-quarter report, showed both headline sales and cloud performance exceeding analyst forecasts.
TREE NEWS reports: The three major US stock indexes closed higher, with the Dow up 0.50%, the Nasdaq up 0.95% and the S&P 500 up 0.58% on the day. Among notable names, SKHY rose 13.32%, SanDisk (SNDK) gained 7.39%, Riot Platforms (RIOT) climbed 6.47% and Micron (MU) added 6.04%, while Robinhood (HOOD) fell 3.61% and AMD rose 3.32%.
TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 1.8% in preliminary trading, with New Oriental falling 12.8% and Atour dropping 7.5%. Xunlei, Chagee and Lufax each fell at least 4%, while Ctrip lost 2.6%, Meituan 2.3% and Pinduoduo 1.2%. GDS rose 4.6%, Hesai gained 3.4% and Baidu added 1.4%, while the KWEB ETF slipped 0.7% and CQQQ rose 0.8%.
TREE NEWS reports: The S&P 500 initially closed up 0.3%, with financials, energy, technology, telecom and industrials gaining as much as 0.4%, while real estate fell 0.6% and utilities dropped 0.8%. The Nasdaq 100 rose 0.6%, led by SanDisk up 7.4%, CoreWeave up 7.2%, Nebius Group and GEHC up 6.9%, and Micron up 6.8%; Nvidia and Meta Platforms each fell 1.3%. SK Hynix ADR gained 13.2%.
TREE NEWS reports: The Hang Seng Index main futures contract closed up 0.13% at 23,103 points in overnight trading. The Hang Seng Tech Index main futures contract closed down 0.18% at 3,841 points in the same session.
TREE NEWS reports: Jeffrey Gundlach, known as the “new bond king,” said his equity allocation is about 30% and is held solely in the equal-weight S&P index. The remark, reported as a brief portfolio update, gives no further detail on timing or the size of the position. It marks a notably defensive stance on U.S. equities from the veteran bond investor.
TREE NEWS reports: Deutsche Telekom is set to hit the brakes on mergers and acquisitions involving T-Mobile, people familiar with the matter said. The German telecom group’s reported pause concerns deal activity around its U.S. wireless unit. No further details or timing were provided.
TREE NEWS reports: US stock-linked contracts extended gains over 24 hours, with ORCL rising 11.0% and gaining 12.3% in one hour to trade at 146.51 USDT.COM data. AXTI also climbed 11.0% to 63.97 USDT over the same period.
TREE NEWS update: Oracle said at its Las Vegas investor day that it expects positive free cash flow in the second half of fiscal 2028 and at least $30 billion in free cash flow for fiscal 2029, with self-funded growth from that year. The company set a fiscal 2030 revenue target above $225 billion, implying a compound annual growth rate above 35% from fiscal 2026, and capped additional financing at $20 billion through fiscal 2030. Shares briefly rose more than 9%.
TREE NEWS reports: Oracle shares climbed as much as 10% on Wednesday as company executives spoke at its investor day, marking one of the stock’s sharpest single-day gains. The move came during the event, where management addressed investors. No further details on the content of the remarks were provided.
TREE NEWS reports: Oracle (ORCL.N) shares extended gains to more than 7% after management issued optimistic guidance, reaffirming its fiscal 2027 revenue outlook of at least $90 billion. The move was reported based on MSX.COM data. The stock’s advance reflects investor reaction to the company’s forward-looking financial targets.
TREE NEWS reports: KPMG chief economist Swonk said the Fed may be concerned that tightening policy too quickly could damage the economy, adding that there are “fragilities” in the AI boom. She noted tech stocks saw a significant selloff in mid-October and that credit institutions have become more cautious about extending funding to hyperscalers for AI infrastructure at prior valuation levels.
TREE NEWS reports: Oracle shares extended gains to 4.4% on the day, touching a fresh intraday high. The move marks the stock’s strongest level of the session, with no further details disclosed in the available material.
TREE NEWS update: Strategy, the largest Bitcoin treasury company, has won shareholder approval to pay dividends daily on four preferred securities. Daily payments on STRC begin in November, with the three other preferred stocks following in January 2027. The change shifts the company’s preferred dividend schedule from periodic to daily payouts.
TREE NEWS update: Anthropic plans to sell shares to UK retail investors through investment platform RetailBook in its IPO, using the UK’s Public Offer Platform mechanism, which lets it avoid producing a UK prospectus. RetailBook, a licensed POP operator, will coordinate the offering and other platforms can submit orders to it. The company filed for its IPO on Monday and plans to list on Nasdaq under the ticker ANT. The plans are not final and may still change.
TREE NEWS reports: Ahead of the Federal Reserve’s rate decision statement, the 10-year Treasury yield rose about 2.3 basis points to 5.0196%, while the two-year yield gained 2.9 basis points to 4.7660%. Spot gold fell 0.5% to $4,040, and the ICE dollar index slipped 0.04%. The S&P 500 added 0.2%, the Dow rose 0.27%, the Nasdaq was roughly flat, and the Philadelphia Semiconductor Index climbed 1%.