TREE NEWS reports: US sector ETFs closed mixed on Tuesday, October 27, with the semiconductor ETF up 3.02% and the global airlines ETF up 2.23%. Global tech and technology sector ETFs gained as much as 1.84%, while the energy sector ETF fell 2.05%. Among the S&P 500’s 11 sectors, information technology rose 1.49% and consumer discretionary added 1.36%, while energy dropped 2.2%.
TREE NEWS reports: Robinhood’s crypto revenue reached $120 million in the third quarter, with the company’s new Robinhood Chain network contributing $26 million, offsetting a decline in crypto revenue elsewhere. Company-wide revenue and earnings fell short of MarketBeat’s consensus. The chain’s contribution marks its first material revenue impact since launch.
TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index rose 1.12% to 2912.70 on Tuesday, October 27. The gauge climbed and then pulled back during Asia-Pacific trading hours before surging sharply at the US market open and gradually extending its gains through the session.
TREE NEWS reports: NXP Semiconductors fell more than 8% in after-hours trading after issuing fourth-quarter guidance below analyst estimates. The company reported third-quarter revenue of $3.79 billion versus the $3.75 billion expected, and adjusted EPS of $4.20 against a $4.12 consensus. It guided fourth-quarter revenue to $3.75 billion-$3.95 billion, below the $3.87 billion analysts expected, and adjusted operating profit of $1.37 billion-$1.51 billion versus the $1.45 billion consensus.
TREE NEWS reports: Seagate Technology reported first-quarter revenue of $4.2 billion, beating analysts’ $4.11 billion estimate, with adjusted earnings per share of $7.68 versus $7.39 expected. The company guided full-year revenue to $4.8 billion plus or minus $100 million and adjusted EPS to $9.20 plus or minus $0.20. Shares fell more than 8% in after-hours trading.
TREE NEWS reports: Robinhood reported third-quarter transaction-based revenue of $867 million, missing the analyst estimate of $874.3 million. The figure covers the brokerage’s trading-driven income for the quarter. No further details were disclosed in the release.
TREE NEWS reports: Visa reported fourth-quarter adjusted earnings per share of $3.48, beating the $3.44 analyst consensus by $0.04. The card network’s quarterly profit topped expectations, though the release provided no further figures on revenue or guidance. Visa shares were not immediately tracked in the material.
TREE NEWS reports: The three major US stock indices closed higher on October 28, with the Dow up 0.08%, the Nasdaq up 1.18% and the S&P 500 up 0.55%. Among notable names, Riot Platforms (RIOT) rose 7.09%, AMD gained 5.32%, Tesla (TSLA) added 3.96%, SanDisk (SNDK) climbed 3.82%, Intel (INTC) rose 3.64% and MARA advanced 3.28%.
TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 0.1% in preliminary trading. Among popular Chinese ADRs, VNET fell 3.9%, NetEase dropped 3.6% and Hesai lost 2.6%, while Alibaba was roughly flat. On the upside, Pinduoduo gained 0.3%, Baidu rose 0.5%, JD.com added 1.3%, XPeng climbed 1.6%, JinkoSolar rose 1.9%, Daqo New Energy jumped 8.3% and Canadian Solar surged 9.2%.
TREE NEWS reports: The Philadelphia Semiconductor Index climbed 3.5% and the memory-chip index rose 3.1%, while the AI Winners Index added 1.8% and the AI Software Pioneers Index was flat. The S&P 500 initially closed up 0.5%, with tech and consumer discretionary sectors gaining more than 1.4% and energy falling 2.1%. The Nasdaq 100 initially rose 1.2%, led by Nebius Group NV up 11.3%, ALAB, RKLB and CoreWeave up at least 7.9%, and Western Digital up 6.8%.
TREE NEWS reports: Corning reported third-quarter sales of $5.1 billion, up 19% year over year, with earnings per share rising 36% to $0.91 — both above the top end of its guidance. Gross margin expanded 150 basis points to 40.5% and operating margin rose 310 basis points to 22.7%, while free cash flow reached $661 million despite more than $500 million in capacity investment. The company guided fourth-quarter sales to $5.2–5.3 billion and EPS to $0.96–1.00, each up about 19% and 36% year over year.
TREE NEWS reports: The Hang Seng Index main futures contract closed up 0.29% at 23,093 in overnight trading. The Hang Seng Tech Index futures rose 0.68% to 3,824. The moves reflect overnight market activity in Hong Kong futures.
TREE NEWS update: Boeing has won the design, build and delivery rights for the US Navy’s F/A-XX next-generation fighter, making it sole developer of sixth-generation aircraft for both the Air Force and Navy. The planemaker delivered 161 commercial jets by the end of the third quarter, its highest level since 2018, with the 737-7 and 737-10 certified by the FAA in July and last week. Boeing said 737 output will take until next year to fully stabilize at 47 a month.
TREE NEWS update: JetBlue CEO Joanna Geraghty said the airline is not currently negotiating with creditors and is not considering a debt restructuring. Speaking at a conference, she said part of the meeting’s purpose was to clarify the facts and show progress in the core business. Geraghty reiterated that no debt restructuring is under consideration.
TREE NEWS update: General Motors plans to bring a hybrid SUV to market, the automaker said. The company did not disclose a launch date, pricing or which of its brands will carry the vehicle. The move adds a hybrid option to GM’s lineup as the industry continues to expand electrified offerings.
TREE NEWS update: ASM International reported third-quarter net profit of €308.1 million, topping the €302.3 million analyst estimate. The Dutch semiconductor equipment maker posted an operating margin of 32.7% versus 32% expected, and a gross margin of 52% against a 50.8% consensus. The results, released Thursday, show profitability ahead of forecasts on both operating and gross lines.
TREE NEWS reports: Chuck Todd described prediction markets as a “fact checker” for journalism as Kalshi, Polymarket and Robinhood pitched contracts extending well beyond elections. The three platforms presented their offerings at the NEXTPredict event, framing the products as a midterm test for the sector and highlighting retail participation. The discussion covered a $3 million hedge alongside the broader push into non-election contracts.
TREE NEWS reports: The MSCI Nordic Countries Index rose 0.6% to 399.37, its highest close since Sept. 9. Financials posted the biggest gain among the ten sectors, while Nokia led individual Nordic stocks with a 3.5% advance.
TREE NEWS reports: Germany’s DAX 30 index closed provisionally up 0.78% at 25,608 points. France’s benchmark index rose 0.61% and Italy’s gained 0.84%, with its bank index up 1.1%, while the UK index fell 0.75%. The moves reflect mixed European equity performance across the region’s major markets.
TREE NEWS reports: GQG Partners co-founder Rajiv Jain said investors are overreacting to Luiz Inácio Lula da Silva’s surprise re-election as Brazil’s president, calling selling Brazilian stocks a “mistake.” Jain, whose firm manages about $150 billion, told Bloomberg that Brazilian equities remain attractive on valuation, earnings and dividend yield, and that GQG may become a buyer if the selloff deepens.