Major Indexes Close Higher as Tech, Crypto-Related Stocks Rebound

Noteworthy S&P 500 Movers on Tuesday

2 hr 28 min ago

Advancers

• Boeing (BA) shares soared 10.2%, notching the top performance in the S&P 500, after Chief Financial Officer Jay Malave provided an optimistic outlook for the aircraft manufacturer heading into 2026. Speaking at an industry conference, the executive touted Boeing’s progress on its recovery plans and said the company expects to increase deliveries of its 737 and 787 jets next year. The plane maker also anticipates strong free cash flow growth in 2026. 
• Intel (INTC) shares jumped 8.7%, adding to gains posted late last week amid speculation that Apple (AAPL) could be poised to become a new Intel customer. A potential deal with the iPhone maker would come on top of a string of high-profile agreements for Intel this year, including a partnership with AI darling Nvidia (NVDA).
• Stifel upgraded Teradyne (TER) stock to “buy” from “hold,” and shares of the technology testing solutions provider gained 5.7%. Analysts pointed to a shift in Teradyne’s focus toward high-growth markets, with AI applications expected to account for a more substantial portion of the firm’s semiconductor test revenue as the business expands beyond its traditional smartphone and consumer markets.

Decliners

• Companies in the paper and packaging business came under pressure Tuesday. The industry has faced concerns about sluggish consumer spending, elevated costs, and excess supply. Packaging Corporation of America (PKG) shares sank 5.3%. In its most recent earnings report released in October, Packaging Corp. posted lower-than-expected profit. Shares of competitors International Paper (IP) and Smurfit WestRock (SW) each fell 3.4% on Tuesday.
• AutoZone (AZO) shares slipped 3.1% following cautious commentary about the auto parts retailer from analysts at Morgan Stanley. The investment bank noted that AutoZone could face cost headwinds related to tariffs and increases in selling, general, and administrative expenses, although analysts still believe the company is positioned to benefit from positive industry trends.

–Michael Bromberg

Could Strategy Sell From Its Huge Bitcoin Stockpile?

3 hr 34 min ago

Math is greater than faith, apparently.

Strategy (MSTR), the enterprise software company made famous for stockpiling bitcoin, stunned its investors with the possibility that it could sell. Though Strategy executive chairman and bitcoin evangelist Michael Saylor has long advocated for holding bitcoin indefinitely and recently said that he “won’t back down“, the company’s CEO Phong Le said last week that the company would, under certain conditions, sell.

The company’s about-face lands amid what would appear to be the onset of crypto winter, and after more than five years of holding onto every single bitcoin it bought since establishing a bitcoin treasury. Between bitcoin’s roughly 30% tumble from recent peaks and Strategy’s own stock performance, a near-term sale is in the realm of possibility and could drag coin prices even lower.

At least one of the two conditions Le outlined—if the company’s stock market capitalization falls below the net asset value of its bitcoin holdings—is close to being met. Strategy’s stock has fallen 60% since hitting a record high in July, bringing its market cap very close to the value of its bitcoin in spite of the lift shares are getting today along with a bitcoin bounce.

“My hope is our mNAV doesn’t go below one, but if we did and we didn’t have access to other capital, we would sell bitcoin,” he said in an interview last week. “There’s the mathematical side of me that says that would be the absolutely right thing to do.”

Strategy’s “mNAV” a valuation metric that compares the market value of its shares to the value of its bitcoin holdings on a fully diluted basis is 1.01, according to blockchain analytics firm Artemis.

Saylor on Monday justified the possibility of selling bitcoin. “We will make rational decisions that are in the best interest of the equity shareholders,” he said in an investor presentation. “Now there are some people that will say, ‘Well, if you sell bitcoin that means you’re not committed to bitcoin.’ Well, that’s not really true.”

While the news of Strategy’s possible plans for selling inspired some told-you-so posts on social media, others appear to be rallying behind the company as crypto prices rallied in recent sessions. Bitcoin was back above $91,000 Tuesday afternoon, after falling as low as $84,500 over the weekend. Strategy shares gained about 6% on Tuesday.

Meanwhile, the company on Monday announced that it bought 130 more bitcoin, boosting its stockpile to 650,000, valued at roughly $59 billion based on recent prices. It also set aside $1.44 billion to pay the dividends on its preferred stock and interest on its outstanding debt, and updated its 2025 earnings guidance assuming a lower year-end price for bitcoin of $85,000 to $110,000. The company previously set guidance around bitcoin being around $150,000 at the end of the year.

–Crystal Kim

Why Procter & Gamble Hit a Two-Year Low Tuesday

3 hr 39 min ago

Procter & Gamble (PG) shares hit their lowest point in two years on Tuesday after the consumer goods giant’s finance chief issued a warning about the health of the American economy.

“I think the context in the US is more volatile, probably the most volatile we’ve seen in a long time,” said P&G CFO Andre Schulten when asked at a Morgan Stanley conference about the state of the packaged goods business.

Sales appeared to be down “significantly” in both volume and value in October, said Schulten, who added he didn’t expect November’s results to be “materially different.”

“We knew the consumer was more nervous and cautious” coming into the quarter, and that a port strike last year that led customers to stockpile goods would make for tough year-over-year comparisons, he said. The government shutdown and delay of some SNAP benefits also weighed on sales.

Shares declined as much as 3% on Tuesday morning to trade at their lowest level since December 2023. The stock pared its losses and finished the session 1.1% lower.

Procter & Gamble has made a slew of changes this year. It announced a restructuring effort in June that would include layoffs of 7,000 employees and potential exits from certain sectors, and named a new CEO in July.

Last month, Schulten said that the company was seeing the most sales growth in the high end of its product lines, suggesting that higher-income households were “trading up” to premium products, while middle and lower-income consumers stretched budgets and opted for cheaper store brand products.

–Aaron McDade

Michael and Susan Dell Donate Billions to ‘Trump Accounts’ for Children—Here’s Who Qualifies for the $250 Benefit

5 hr 40 min ago

More children could be eligible for savings accounts after a charitable donation from one of the richest people in the country.

Michael Dell, founder and CEO of Dell Technologies (DELL), and his wife, Susan Dell, plan to donate $6.25 billion to fund so-called “Trump accounts” for children, according to a statement released Tuesday. The money will finance 25 million accounts and provide $250 of seed funding per account.

“We’re making a $6.25 billion investment in America’s kids through our charitable funds,” Michael Dell said in a video, adding that “we’ve seen what happens when a child gets even a small financial head start—their world expands.”

Read the full article here.

–Trina Paul

ChatGPT ‘Currently Experiencing Issues’ Day After OpenAI CEO Sam Altman Reportedly Declares ‘Code Red’

6 hr 9 min ago

It’s not been a great start to the week for Sam Altman.

A day after the OpenAI CEO reportedly declared a “code red” to improve ChatGPT, the generative AI chatbot malfunctioned Tuesday afternoon.

The OpenAI support website said it’s “currently experiencing issues,” noting that “we have identified that users are experiencing elevated errors for the impacted services. We are working on implementing a mitigation.”

Late Monday, The Wall Street Journal reported, citing an internal OpenAI memo it had viewed, that Altman declared a “code red” to improve the chatbot and delay other products like AI agents and advertising amid intense competition from the likes of Alphabet’s (GOOGL) Google and Anthropic.

Instacart Parent’s Stock Falls as Amazon Tests 30-Minute Deliveries

7 hr 1 min ago

Amazon (AMZN) is rolling out “ultra-fast” deliveries in Seattle and Philadelphia. The news is affecting shares of Instacart parent Maplebear (CART).

Shares of Maplebear were down 4% in recent trading after Amazon announced in a blog post that it’s “now testing an ultra-fast delivery offering of the items customers want and need most urgently in parts of Seattle and Philadelphia. Amazon Now brings thousands of household essential items and groceries to customers’ doorsteps in about 30 minutes or less.”

The e-commerce giant added that Amazon Prime members will receive “discounted delivery fees starting at just $3.99 per order (vs. $13.99 for non-Prime customers),” and that a “small basket fee of $1.99 will apply to orders below $15.”

Amazon shares, which ticked 0.5% higher, are up 7% this year. Maplebear shares are fractionally lower in 2025.

Mark Your Calendar: Some People Will Receive Two Social Security Payments in December

7 hr 38 min ago

The Social Security Administration distributes benefits to almost 74 million people each month. Here is when to expect yours in December.

Payments are primarily distributed according to beneficiaries’ birth dates. However, for those who began receiving retirement, spousal, or survivor benefits before May 1997, they typically receive their payments on the 3rd of every month.

Supplemental Security Income, a program that provides additional income for people with disabilities and adults aged 65 and older with limited or no income, is distributed separately from Social Security benefits at the beginning of every month.

In some cases, when the beginning of the month coincides with a weekend or holiday, SSI benefits will be distributed in the preceding month. Due to government holidays in December, Supplemental Security Income recipients will receive two checks before the end of the year.

Read the full article here.

–Elizabeth Guevara

Signet Jewelers Stock Falls on Soft Guidance

8 hr 9 min ago

Shares of Signet Jewelers (SIG) fell 4% Tuesday afternoon after the parent of Kay Jewelers, Zales, and Jared issued weaker-than-expected current-quarter projections.

Signet expects fiscal 2026 fourth-quarter sales of $2.24 billion to $2.37 billion, while analysts surveyed by Visible Alpha were looking for $2.38 billion. The company also sees same-store sales between a 5% year-over-year decline and a gain of 0.5%, while analysts were expecting an increase of 1.15%.

In addition, Signet’s projections for adjusted operating income and adjusted EBITDA were weaker than consensus.

Signet’s third-quarter adjusted earnings of $0.63 per share and sales of $1.39 billion were better than analysts expected.

Despite today’s declines, shares of Signet are up about 14% this year.

Top Stock Movers Now: Boeing, Intel, Sandisk, and More

8 hr 53 min ago

Major U.S. equities indexes gained ground on Tuesday, with tech stocks trending higher after a day of declines on Monday. The Dow Jones Industrial Average and benchmark S&P 500 gained 0.3% and 0.2%, respectively, and the tech-centric Nasdaq rose 0.4%.

Boeing (BA) shares surged 8%, the leading gainers on the S&P 500 after the plane maker’s new CFO said at a conference held by UBS that its plan to ramp up production after safety issues substantially slowed production last year are going according to schedule, and said Boeing expects to generate positive free cash flow next year after burning through billions in the last two years.

Intel (INTC) stock rose 7% as the chipmaker announced plans to invest about $200 million to increase its manufacturing footprint in Malaysia. The stock is also extending a rally that was sparked Friday by reports that Apple (AAPL) could be the company’s next big customer.

Shares of database software maker MongoDB (MDB) popped nearly 25% a day after the company’s latest quarterly results easily topped estimates as it also lifted forecasts for the full year, a month after appointing a new CEO.

Read the full article here.

–Aaron McDade

Costco Is Suing the Trump Administration—Here’s Why

10 hr 3 min ago

Warehouse retail giant Costco Wholesale (COST) has joined the list of companies looking for a refund on tariffs.

The company filed a lawsuit against U.S. Customs and Border Protection and the Trump administration on Friday. In the Court of International Trade, Costco said that it would seek a refund of the tariffs it has paid on imports in the last several months if the Supreme Court finds Trump’s tariffs unconstitutional.

Costco did not specify in the filing how much it has paid in tariffs, but executives have said in earnings calls that the company was working with its suppliers to minimize the impact and that it would work to keep prices as low as it could.

In its complaint, Costco is requesting that the trade court find the tariffs are invalid, prevent CBP from collecting further tariff payments, and guarantee a refund of the tariffs the company has paid and those it may pay before the case is decided.

Read the full article here.

–Aaron McDade

Boeing Stock Powers S&P 500, Dow Higher After CFO Comments on Deliveries, Cash Flow

10 hr 33 min ago

Comments by Boeing (BA) CFO Jay Malave at a conference Tuesday morning are lifting the company’s shares and major indexes.

Boeing stock soared 8% to lead the S&P 500 and Dow Jones Industrial Average after Malave said at the UBS Global Industrials and Transportation Conference that “we expect absolutely deliveries to be up (in 2026) in both cases, both 737 and both 787.”

In addition, Malave said that “we absolutely expect to grow year-over-year in cash flow,” adding that “what we expect anyway is in the low single digits in terms of positive free cash flow, which I think is pretty substantial growth year-over-year.”

Including Tuesday’s sharp gains, Boeing shares have risen about 14% this year, slightly better than the Dow’s advance but slightly worse than the S&P 500’s.

Here’s Why the Maker of Roundup Weedkiller’s Stock Is Surging Today

10 hr 58 min ago

Shares of pharmaceutical conglomerate Bayer are surging 13% on their home exchange in Germany after the U.S. Solicitor General supported its efforts to have the Supreme Court review prior rulings on whether Roundup weedkiller, produced by Bayer-owned Monsanto, needs a cancer risk warning label.

The solicitor general said in a Monday filing that the Environmental Protection Agency has for years said that glyphosate, a chemical used in Roundup, is “not likely to be carcinogenic in humans,” and said the Food and Drug Administration has approved “hundreds of labels for Roundup” that did not include any information about cancer.

Bayer has argued that since federal agencies have determined the chemical doesn’t require a cancer warning, customers should not be able to sue for violating state laws regarding a failure to warn customers about cancer risks. Bayer said most of the tens of thousands of outstanding lawsuits are “grounded in failure-to-warn theories,” meaning they would be invalidated by a ruling that Bayer isn’t bound by state failure-to-warn laws.

Bayer said it welcomes the support. It said a ruling from the Supreme Court on whether companies can be sued for violating state laws when complying with a federal agency’s determination of a chemical’s safety would provide clarity for the company and customers. Bayer said it “continues to advance its multi-pronged strategy designed to significantly contain the litigation by the end of 2026.”

Monsanto was acquired by Bayer in 2018 for $63 billion, and a California jury held Monsanto liable just months after the deal was closed for failing to warn about Roundup’s potential cancer risks after a groundskeeper was diagnosed with cancer.

–Aaron McDade

How You Should Tackle ‘Travel Tuesday’: Expert Views on the Promotion

11 hr 38 min ago

You may still be settling in from a Thanksgiving trip, but experts say it’s smart to start planning your next getaway.

Nearly all major airlines and several hotels will offer bargain rates tomorrow in what’s become known as “Travel Tuesday”. Travel companies now extend more deals on the Tuesday after Thanksgiving than on Black Friday and Cyber Monday combined, according to Hopper, a travel booking app.

The industrywide promotion grew out of an annual deal Hopper launched in 2017, and has become a bonafide opportunity for bargain-hunting, said Clint Henderson, managing editor of The Points Guy, a travel site.

“It’s probably the best time of the year to book cheap flights,” said Henderson, later explaining that he initially saw Travel Tuesday as a marketing move. “I used to tell people, ‘Don’t bother,’ but now I’m all in.”

Travel Tuesday airfare deals often promote winter travel, and only apply to flights departing in January or February. Warm destinations are widely touted. For instance, Delta Air Lines (DAL) is selling roundtrip tickets from New York City to the Dominican Republic, Cayman Islands and St. Thomas for less than $300.

But domestic airfare may be particularly inexpensive—Alaska Air Group (ALK) is promoting regional one-way tickets for as low as $29, and trips from California to Hawaii for $99, according to its website.

Read the full article here.

–Sarina Trangle

Credo Technology Stock Pops on Better-Than-Expected Results, Guidance

12 hr 24 min ago

Shareholders of Credo Technology Group Holding (CRDO) stock evidently were quite pleased with the company’s results and current-quarter projections.

Credo stock surged 17% before the bell Tuesday, a day after the high-speed connectivity solutions firm reported fiscal 2026 second-quarter results and issued third-quarter guidance well above analysts’ expectations.

San Jose, Calif.-based Credo posted Q2 adjusted earnings of $0.67 per share on revenue that skyrocketed 272% year-over-year to $268.0 million. Analysts polled by Visible Alpha had expected $0.49 and $234.8 million, respectively.

For the current quarter, Credo expects revenue between $335.0 million and $345.0 million, well above the consensus $247.8 million.

Shares of Credo—which says it provides “reliable, energy-efficient, system-level connectivity solutions for the next generation of AI-driven applications, cloud computing and hyperscale networks”—entered Tuesday having more than doubled year-to-date.

MongoDB Stock Soars After Results, Outlook Easily Top Estimates

13 hr 34 min ago

MongoDB’s (MDB) fiscal 2026 third-quarter results easily topped analysts’ expectations. So did the database software maker’s guidance.

Shares of MongoDB soared 23% in premarket trading Tuesday, a day after the company reported adjusted earnings of $1.32 per share on revenue that increased 19% year-over-year to $628.3 million. Analysts surveyed by Visible Alpha had expected $0.82 and $594.3 million, respectively.

For the current quarter, the New York-based company sees adjusted EPS of $1.44 to $1.48 on revenue of $665 million to $670 million, both well above consensus estimates.

“Q3 was an exceptional quarter,” MongoDB CEO CJ Desai said. “Existing customers are expanding with us and net-new customer additions continue to show strength. Companies across industries and geographies are choosing MongoDB because we provide a unified data platform that powers mission-critical workloads today and also positions them to capitalize on the emerging AI platform shift.”

Entering Tuesday, MongoDB shares have risen more than 40% this year.

Stock Futures Point Higher After Major Indexes Snap Five-Session Winning Streaks

14 hr 24 min ago

Futures contracts tied to the Dow Jones Industrial Average pointed 0.2% higher.

S&P 500 futures were up 0.3%.

Nasdaq 100 futures advanced 0.4%.