Stocks Mixed After Jumping Yesterday; Nvidia, Tech Shares Sink; Dow Rises

Zoom Communications Stock Pops on Strong Results, Raised Full-Year Outlook

2 minutes ago

Zoom Communications (ZM) stock finished trading yesterday in negative territory for the year. No longer.

Shares of the video-conferencing firm soared 13% Tuesday, a day after it reported better-than-expected fiscal 2026 third-quarter results and lifted its full-year outlook.

Zoom posted adjusted earnings of $1.52 per share on revenue that increased 4.4% year-over-year to $1.23 billion. Analysts surveyed by Visible Alpha expected $1.44 and $1.21 billion, respectively.

The San Jose, Calif.-based company now sees full-year adjusted EPS of $5.95 to $5.97, up from $5.81 to $5.84, and revenue of $4.852 billion to $4.857 billion, up from $4.825 billion to $4.835 billion. Both surpassed estimates.

With today’s gains, Zoom shares are up more than 8% in 2025.

Trump Could Name a New Fed Chair by Christmas, Treasury Secretary Bessent Says

1 hr 24 min ago

It won’t be long before we know who is on deck to replace Federal Reserve Chair Jerome Powell.

There is a “very good chance” President Donald Trump will name Powell’s replacement before Christmas, Treasury Secretary Scott Bessent said Tuesday on CNBC. Powell’s four-year term as Fed chair expires in May.

Trump is considering five candidates to be the next top banker: Fed Governors Michelle Bowman and Christoper Waller, former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett, and BlackRock director Rick Rieder, Bessent told reporters last month.

Trump has frequently criticized Powell for keeping interest rates too high and has threatened to fire him on multiple occasions. Earlier this month, Trump threatened to fire Bessent as well if he could not get Powell to cut rates. Trump was joking in those comments, Bessent said on CNBC.

Read the full article here.

–Diccon Hyatt

This Memory Stock’s Red-Hot Run Has It Joining the S&P 500 Index

1 hr 38 min ago

Another deal has created space for a shake-up in the S&P 500, which is now set to welcome one of the year’s hottest stocks.

S&P Dow Jones Indices late Monday announced that data storage company Sandisk (SNDK) would join the benchmark index before the start of trading Friday.

The company, which was spun off from Western Digital (WDC) in February, is set to take the space vacated by Interpublic Group (IPG), which is due to be acquired by Omnicom Group (OMC). That deal, the two marketing firms said Monday, is expected to be completed by the close of business Wednesday.

Sandisk stock has been a huge gainer this year, climbing as its business has benefited from demand for memory driven by the AI buildout; its stock, up more than 500% in 2025, has substantially outperformed the best-performing stocks in the S&P 500. Shares were down about 3% in early trading Tuesday, tracking a broader downturn in tech stocks this morning, after soaring 13% yesterday.

The company had a market capitalization above $33 billion as of Monday’s close, according to Visible Alpha data. It’s moving up from the S&P 600 index of small-cap companies, to be replaced by PTC Therapeutics (PTCT). The run higher for Sandisk stock this year already has it valued higher than several dozen S&P 500 components.

The last two companies to join the S&P 500—Solstice Advance Materials (SOLS) and Qnity (Q)—were also created by deals: Both were the result of spinoffs.

–David Marino-Nachison

Burlington Stores Stock Drops on Weak Comparable Sales

3 hr 8 min ago

Burlington Stores (BURL) reported higher net income than analysts had expected, and lifted its full-year profit forecast. Shares fell sharply anyway in premarket trading.

Shares of the Burlington, N.J.-based off-price retailer fell 5.5% after the company posted softer-than-expected third-quarter comparable sales.

Burlington Stores reported comparable sales growth of 1% year-over-year, well below the roughly 2.5% Visible Alpha consensus. Total sales of $2.71 billion came in a tick below estimates as well.

The firm’s adjusted earnings of $1.80 per share topped estimates of $1.62 per share, and it raised its full-year adjusted EPS guidance to $9.69 to $9.89 per share, also above expectation.

Entering Tuesday’s session, Burlington Stores stock was slightly negative for the year.

A Lot of Americans Will Hit the Road—and Sky—This Week. Here’s What to Expect

3 hr 39 min ago

If you’re traveling this week, you’ll be in good company.

A record 81.8 million Americans are expected to travel 50 miles or more for Thanksgiving, according to the American Automobile Association, likely leading to crowded roads, airports and airplanes from Tuesday onward. About 1.6 million more people are expected to travel this year than did in 2024, with nearly 90% driving to their destination, AAA said.

Some families may have decided driving was a better option, given that the Department of Transportation ordered flight traffic reduced during the government shutdown. Flight delay and cancellation rates are back to normal now that Washington, D.C., is back in business, said Ben Mutzabaugh, senior aviation editor at The Points Guy, a travel-focused website.

“I don’t think we’re going to see any lingering effects or hangover from the shutdown,” Mutzabaugh said. “Instead what travelers should really be worried about is weather. Fortunately, the forecast for this week looks relatively good.”

Storms could affect travel in the northeast and some northern states, according to AccuWeather, with the possibility of thunderstorms and snow. The areas that may see snow are adept at operating during winter weather, Mutzabaugh said, though thunderstorms in Texas and Georgia could cause issues over the next two days if they hit major hubs at inopportune times, Mutzabaugh said.

Read the full article here.

–Sarina Trangle

Stock Futures Tick Lower After Major Indexes Soar

4 hr 28 min ago

Futures contracts tied to the Dow Jones Industrial Average were down 0.2%.

S&P 500 futures also were 0.2% lower.

Nasdaq 100 futures pointed down 0.4%.