- Barry Adams
- 13 Nov, 2025
- New York City
Wall Street indexes struggled to advance amid market rotation as investors avoided increasing exposure to risk-on assets.
The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite declined 0.3% as investors awaited the resumption of key economic data.
The U.S. House of Representatives ended the record 43-day-long federal government shutdown after passing a spending resolution by a 222-209 vote.
The agreement between the Republicans and centrist Democrats approved government spending through January and financing of key government programs until the end of fiscal 2026.
Most of the furloughed federal employees are expected to be rehired, and the federal government will resume the funding of food and nutrition assistance provided to about 42 million people.
Financial markets have encountered additional challenges over the last six weeks due to a data blackout resulting from the prolonged government shutdown.
The reopening of government will facilitate the resumption of the flow of macroeconomic data, including inflation and nonfarm payrolls data for September.
U.S. Stock Movers
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
- Barry Adams
- 13 Nov, 2025
- New York City
Wall Street indexes struggled to advance amid market rotation as investors avoided increasing exposure to risk-on assets.
The S&P 500 index decreased 0.2%, and the tech-heavy Nasdaq Composite declined 0.3% as investors awaited the resumption of key economic data.
The U.S. House of Representatives ended the record 43-day-long federal government shutdown after passing a spending resolution by a 222-209 vote.
The agreement between the Republicans and centrist Democrats approved government spending through January and financing of key government programs until the end of fiscal 2026.
Most of the furloughed federal employees are expected to be rehired, and the federal government will resume the funding of food and nutrition assistance provided to about 42 million people.
Financial markets have encountered additional challenges over the last six weeks due to a data blackout resulting from the prolonged government shutdown.
The reopening of government will facilitate the resumption of the flow of macroeconomic data, including inflation and nonfarm payrolls data for September.
U.S. Stock Movers
Cisco Systems jumped 6.5% to $78.80 after the networking gear company's latest quarterly results surpassed market expectations.
Cisco Systems said revenue in the fiscal first quarter ending on October 25 rose 8% to $14.9 billion from $13.8 billion, net income advanced 5% to $2.9 billion from $2.7 billion, and diluted earnings per share increased 6% to 72 cents from 68 cents a year ago.
Firefly Aerospace soared 25% to $23.36 after the company reported better-than-expected third-quarter results.
Revenue increased to $30.8 million from $22.4 million, net loss expanded to $140.3 million from $46.2 million, and diluted loss per share shrank to $1.50 from $3.57 a year ago.
Outstanding shares jumped to 93.8 million from 12.9 million in the quarter a year ago.
In the latest quarter, the Texas-based company recorded a one-time charge of $30 million to extinguish debt and $42.2 million in change in the fair value of warrant liability.
Operating loss expanded to $62.2 million from $34.2 million in the quarter a year ago.
Firefly estimated 2025 full-year revenue to be between $150 million and $158 million.
Sweetgreen dropped 10% to $5.23 after the salad chain reported a wider-than-expected quarterly loss.
Revenue in the third quarter ending on September 25 decreased 0.6% to $172.4 million from $173.4 million, net loss expanded to $36.2 million from $20.8 million, and diluted loss per share expanded to 31 cents from 18 cents a year ago.
Same-store sales continued to shrink as the salad chains' core customers retrenched spending amid the cost of living crisis and avoided high-priced restaurants.
Same-store sales decreased 9.5%, compared to an increase of 5.6% in the prior-year period.
The company said it remained profitable at the restaurant level and earned $22.5 million compared to $34.9 million, but restaurant-level profit margin shrank to 13.1% compared to 20.1% a year ago, respectively.
- Akira Ito
- 13 Nov, 2025
- Tokyo
Stock market indexes in Japan advanced amid receding global tensions and ahead of key earnings results.
The Nikkei 225 Stock Average increased 0.5% to 51,277.40, and the broader Topix advanced 0.7% to a record intraday high of 3,380.91.
Global market sentiment improved after the U.S. lawmakers and president signed a bill to reopen the federal government and pass key spending resolutions.
Despite the ending of the 43-day shutdown, investors could be staring at another shutdown in the months ahead, as the current passage funds government programs until the end of January.
For now, investors shifted focus away from tariff tensions and government shutdown to domestic corporate results and macroeconomic data.
Toyota Motor said it plans to invest up to $10 billion in the U.S. over the next five years, as the vehicle maker ramps up production of hybrid cars and lithium-ion batteries for electric vehicles.
Japan’s producer price inflation slowed in October from the previous month, according to the latest data released by the Bank of Japan.
Producer price inflation slowed to an annual rate of 2.7% from the annual rate of 2.8% in September, driven by a sustained increase in food & beverage prices, manufactured goods, and transportation equipment.
However, prices for chemicals, iron and steel, and petroleum and coal products are reflecting lower import costs.
On a monthly basis, prices rose 0.4%, slower than the 0.5% increase in the previous month, and gained for the second consecutive month.
Japan Indexes and Stocks
The Nikkei 225 Stock Average advanced 0.4% to 51,276.60, and the mainland-focused Topix increased 0.6% to 3,379.35.
Toyota Motor Corp. increased 0.2% to ¥3,197.0, Honda Motor Co. Ltd. inched up 0.9% to ¥1,558.0, and Nissan Motor Co. Ltd. advanced 2.7% to ¥373.90.
Nippon Yusen KK fell 1% to ¥4,921.0, Kawasaki Kisen Kaisha Ltd. edged up 0.1% to ¥2,100.0, and Mitsui O.S.K. Lines Ltd. fell 0.7% to ¥4,441.0.
Softbank Group Corp. decreased 4.5% to ¥20,845.0, and the AI-focused company extended its two-week losses to 35% from a record high after the company sold its stake in Nvidia and pared its holding in T-Mobile and sharpened its focus on OpenAI.
- Akira Ito
- 13 Nov, 2025
- Tokyo
Stock market indexes in Japan advanced amid receding global tensions and ahead of key earnings results.
The Nikkei 225 Stock Average increased 0.5% to 51,277.40, and the broader Topix advanced 0.7% to a record intraday high of 3,380.91.
Global market sentiment improved after the U.S. lawmakers and president signed a bill to reopen the federal government and pass key spending resolutions.
Despite the ending of the 43-day shutdown, investors could be staring at another shutdown in the months ahead, as the current passage funds government programs until the end of January.
For now, investors shifted focus away from tariff tensions and government shutdown to domestic corporate results and macroeconomic data.
Toyota Motor said it plans to invest up to $10 billion in the U.S. over the next five years, as the vehicle maker ramps up production of hybrid cars and lithium-ion batteries for electric vehicles.
Japan’s producer price inflation slowed in October from the previous month, according to the latest data released by the Bank of Japan.
Producer price inflation slowed to an annual rate of 2.7% from the annual rate of 2.8% in September, driven by a sustained increase in food & beverage prices, manufactured goods, and transportation equipment.
However, prices for chemicals, iron and steel, and petroleum and coal products are reflecting lower import costs.
On a monthly basis, prices rose 0.4%, slower than the 0.5% increase in the previous month, and gained for the second consecutive month.
Japan Indexes and Stocks
The Nikkei 225 Stock Average advanced 0.4% to 51,276.60, and the mainland-focused Topix increased 0.6% to 3,379.35.
Toyota Motor Corp. increased 0.2% to ¥3,197.0, Honda Motor Co. Ltd. inched up 0.9% to ¥1,558.0, and Nissan Motor Co. Ltd. advanced 2.7% to ¥373.90.
Nippon Yusen KK fell 1% to ¥4,921.0, Kawasaki Kisen Kaisha Ltd. edged up 0.1% to ¥2,100.0, and Mitsui O.S.K. Lines Ltd. fell 0.7% to ¥4,441.0.
Softbank Group Corp. decreased 4.5% to ¥20,845.0, and the AI-focused company extended its two-week losses to 35% from a record high after the company sold its stake in Nvidia and pared its holding in T-Mobile and sharpened its focus on OpenAI.
- Li Chen
- 13 Nov, 2025
- Hong Kong
Stock market indexes in China and Hong Kong diverged as investors awaited earnings from tech leaders and key macroeconomic data.
The Hang Seng index declined 0.6%, and the CSI 300 index rose 1.0% amid receding global tensions.
The U.S. government reopened after the longest shutdown as lawmakers approved short-term funding and passed several budgetary proposals to finance various government programs.
The 43-day shutdown also clouded the inner workings of the U.S. economy amid a data blackout, hampering rate decisions by policymakers.
Investor sentiment improved as the U.S. federal agencies are set to resume release of long-awaited macroeconomic data, including inflation and employment.
Closer to home, China's statistical bureau is scheduled to release updates on retail sales, fixed-asset investment, and industrial production.
Investors are looking for clues about the consumer spending and the impact of fading effects of front-loading ahead of the steep increase in U.S. tariffs.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 26,766.78, and the mainland-focused CSI 300 index advanced 1% to 4,690.71.
JD.com and Tencent Holdings were in focus ahead of the release of their quarterly results later in the evening.
Tencent Holdings decreased 1.1% to HK $649.50, JD.com dropped 2.2% to HK $122.0, and Alibaba Group Holding fell 1.2% to HK $154.90.
- Li Chen
- 13 Nov, 2025
- Hong Kong
Stock market indexes in China and Hong Kong diverged as investors awaited earnings from tech leaders and key macroeconomic data.
The Hang Seng index declined 0.6%, and the CSI 300 index rose 1.0% amid receding global tensions.
The U.S. government reopened after the longest shutdown as lawmakers approved short-term funding and passed several budgetary proposals to finance various government programs.
The 43-day shutdown also clouded the inner workings of the U.S. economy amid a data blackout, hampering rate decisions by policymakers.
Investor sentiment improved as the U.S. federal agencies are set to resume release of long-awaited macroeconomic data, including inflation and employment.
Closer to home, China's statistical bureau is scheduled to release updates on retail sales, fixed-asset investment, and industrial production.
Investors are looking for clues about the consumer spending and the impact of fading effects of front-loading ahead of the steep increase in U.S. tariffs.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 26,766.78, and the mainland-focused CSI 300 index advanced 1% to 4,690.71.
JD.com and Tencent Holdings were in focus ahead of the release of their quarterly results later in the evening.
Tencent Holdings decreased 1.1% to HK $649.50, JD.com dropped 2.2% to HK $122.0, and Alibaba Group Holding fell 1.2% to HK $154.90.
- Li Chen
- 13 Nov, 2025
- Hong Kong
Stock market indexes in China and Hong Kong diverged as investors awaited earnings from tech leaders and key macroeconomic data.
The Hang Seng index declined 0.6%, and the CSI 300 index rose 1.0% amid receding global tensions.
The U.S. government reopened after the longest shutdown as lawmakers approved short-term funding and passed several budgetary proposals to finance various government programs.
The 43-day shutdown also clouded the inner workings of the U.S. economy amid a data blackout, hampering rate decisions by policymakers.
Investor sentiment improved as the U.S. federal agencies are set to resume release of long-awaited macroeconomic data, including inflation and employment.
Closer to home, China's statistical bureau is scheduled to release updates on retail sales, fixed-asset investment, and industrial production.
Investors are looking for clues about the consumer spending and the impact of fading effects of front-loading ahead of the steep increase in U.S. tariffs.
China Indexes and Stocks
The Hang Seng Index decreased 0.6% to 26,766.78, and the mainland-focused CSI 300 index advanced 1% to 4,690.71.
JD.com and Tencent Holdings were in focus ahead of the release of their quarterly results later in the evening.
Tencent Holdings decreased 1.1% to HK $649.50, JD.com dropped 2.2% to HK $122.0, and Alibaba Group Holding fell 1.2% to HK $154.90.
- Scott Peters
- 11 Nov, 2025
- New York City
CoreWeave Inc. dropped 10.2% to $94.84 after the cloud-infrastructure company's cofounder and chief executive, Michael Intrator, said on an earnings call that the company is struggling to secure access to data centers to place its equipment.
Revenue in the third quarter more than doubled to $1.36 billion from $583.9 million, net loss shrank to $110.1 million from $359.8 million, and diluted loss per share eased to 22 cents from $1.82 a year ago.
At the end of the third quarter, revenue backlog more than doubled to $55.6 billion, said CEO Intrator in a statement released to investors.
Stock plunged 10% after the company's 2025 revenue guidance fell short of market expectations.
CEO Intrator estimated full-year revenue to range between $5.05 billion and $5.15 billion and added that a delay in one of the data center buildouts is "impacting us, but it won't affect our backlog."
RealReal Inc. increased 17.3% to $13.15 after the operator of the online marketplace's third-quarter revenue surpassed market expectations and raised its full-year revenue outlook.
Revenue increased 17% to $173.5 million from $147.7 million, net loss attributable to stockholders surged to $54.0 million from $17.9 million, and diluted loss per share expanded to 47 cents from 16 cents a year ago.
The net loss included a change in warrant liability of $43.9 million; however, operating loss decreased to $7.6 million from $14.6 million a year ago.
The second-hand luxury goods marketplace operator guided fourth-quarter revenue between $188 million and $191 million and full-year revenue between $687 million and $690 million.
The company is a beneficiary of an emerging trend as customers turn to authenticated second-hand luxury goods amid elevated prices and a rising cost of living.
Gross merchandise volume increased 20% from a year ago to $520 million, and the company forecast fourth-quarter GMV to range between $585 million and $590 million.
Despite the rising revenue, the company has struggled to be profitable, and the online marketplace operator estimated fourth-quarter adjusted operating earnings between $17.5 million and $18.5 million.
Rocket Lab Corp. soared 9.4% to $56.72, and the company's revenue in the third quarter was ahead of expectations, and the net loss was smaller than expected.
Revenue increased to $155.1 million from $104.8 million, net loss shrank to $18.2 million from $51.9 million, and diluted loss per share eased to 3 cents from 10 cents a year ago.
The space company estimated fourth quarter revenue to range between $170 million and $180 million and adjusted operating loss between $23 million and $29 million.
- Scott Peters
- 11 Nov, 2025
- New York City
CoreWeave Inc. dropped 10.2% to $94.84 after the cloud-infrastructure company's cofounder and chief executive, Michael Intrator, said on an earnings call that the company is struggling to secure access to data centers to place its equipment.
Revenue in the third quarter more than doubled to $1.36 billion from $583.9 million, net loss shrank to $110.1 million from $359.8 million, and diluted loss per share eased to 22 cents from $1.82 a year ago.
At the end of the third quarter, revenue backlog more than doubled to $55.6 billion, said CEO Intrator in a statement released to investors.
Stock plunged 10% after the company's 2025 revenue guidance fell short of market expectations.
CEO Intrator estimated full-year revenue to range between $5.05 billion and $5.15 billion and added that a delay in one of the data center buildouts is "impacting us, but it won't affect our backlog."
RealReal Inc. increased 17.3% to $13.15 after the operator of the online marketplace's third-quarter revenue surpassed market expectations and raised its full-year revenue outlook.
Revenue increased 17% to $173.5 million from $147.7 million, net loss attributable to stockholders surged to $54.0 million from $17.9 million, and diluted loss per share expanded to 47 cents from 16 cents a year ago.
The net loss included a change in warrant liability of $43.9 million; however, operating loss decreased to $7.6 million from $14.6 million a year ago.
The second-hand luxury goods marketplace operator guided fourth-quarter revenue between $188 million and $191 million and full-year revenue between $687 million and $690 million.
The company is a beneficiary of an emerging trend as customers turn to authenticated second-hand luxury goods amid elevated prices and a rising cost of living.
Gross merchandise volume increased 20% from a year ago to $520 million, and the company forecast fourth-quarter GMV to range between $585 million and $590 million.
Despite the rising revenue, the company has struggled to be profitable, and the online marketplace operator estimated fourth-quarter adjusted operating earnings between $17.5 million and $18.5 million.
Rocket Lab Corp. soared 9.4% to $56.72, and the company's revenue in the third quarter was ahead of expectations, and the net loss was smaller than expected.
Revenue increased to $155.1 million from $104.8 million, net loss shrank to $18.2 million from $51.9 million, and diluted loss per share eased to 3 cents from 10 cents a year ago.
The space company estimated fourth quarter revenue to range between $170 million and $180 million and adjusted operating loss between $23 million and $29 million.