Wall Street split in two at midday Thursday. Alphabet Inc.
(NASDAQ:GOOGL) dragged the Nasdaq 100 lower after a costly quarter, while small caps and most other stocks moved higher. 8%, on track for its worst session on record.
4 billion and free cash flow turned negative for a second straight quarter. 7 billion.
Read Also: QUICK SPARK: Alphabet Stock Eyes Worst Day in Company's History, Wipes Out $500 Billion in Value The economy gave investors a reason to look elsewhere. 2% in the second quarter.
1% from a year earlier in September, in line with estimates. 2% while the Nasdaq 100 lost 1%.
If those moves hold into the close, it would be the first session since July 2024 in which small caps rose more than 1% while the Nasdaq 100 fell more than 1%. Breadth told the same story.
In the Russell 1000, 764 stocks were higher and 256 lower, roughly three gainers for every loser. 99%, back below the 5% mark it held before the data.
33%. 00%.
Before Thursday’s data, traders priced an 83% probability of a 25-basis-point hike at the Dec. 9 meeting, according to the CME FedWatch tool.
Oil retreated. 61.
50. 5% to about $81,611.
2% to 7,726, down 18 points. 2% to 52,363.
Caterpillar Inc. 1% after third-quarter revenue missed forecasts.
However, Merck & Co. Inc.
3% after lifting the midpoint of its 2026 guidance. The Nasdaq 100 fell 1% to 29,502.
Microsoft Corp. 72 consensus.
In contrast, Meta Platforms Inc. 6% and Apple Inc.
5%. 2% to 2,864.
m. 4%.
5%. 3%.
1%. Drugmakers Lead as Software Sinks Health care led the S&P 500’s sectors.
The State Street Health Care Select Sector SPDR ETF (NYSE:XLV) rose 2%, lifted by strong drugmaker earnings. Eli Lilly and Co.
4 billion. S.
6%. Communication services lagged.
6%, as Alphabet is among its largest holdings. 8%, with Mastercard Inc.
4%. 1%.
ServiceNow Inc. 6%, heading for its worst day on record.
5% in constant currency. Fortinet Inc.
5%. 31 billion.
Sprouts Farmers Market Inc. 7% decline in full-year comparable store sales.
Alnylam Pharmaceuticals Inc. S.
demand growth for its amyloidosis drugs slowed to $81 million from $129 million in the second quarter. Service Corp.
04 per share. On the Upside ADT Inc.
6% premium to its Oct. 27 close.
Crocs Inc. 7% after raising its full-year revenue and adjusted earnings outlook, as both the Crocs and HeyDude brands grew in the third quarter.
Insmed Inc. 4 billion.
Carvana Co. 1% after quarterly revenue topped $8 billion for the first time.
Textron Inc. 55 a year earlier and it raised its full-year earnings and cash flow outlook.
33%Service Corp. com Inc.
7% ahead of its report, which is due after today’s market closes. 97 per share.
Gilead Sciences Inc. 19 per share.
