PYMNTS.comยท2025-09-01 08:00Market Performance - The CE 100 Index posted a 0.5% gain leading into the Labor Day weekend, contrasting with declines in broader benchmarks like the Nasdaq and S&P 500 [1] - Over the past 5 days, the CE 100 rose by 0.47%, while the Nasdaq fell by 0.27%, S&P 500 by 0.04%, and Dow by 0.12% [3] - Year-to-date, the CE 100 has increased by 16.59%, outperforming the Nasdaq (11.57%), S&P 500 (10.06%), and Dow (7.19%) [3] - In the past year, the CE 100 saw a 33.75% increase, significantly higher than the Nasdaq (21.19%), S&P 500 (15.53%), and Dow (10.19%) [3] Company Highlights - MongoDB's stock surged over 44% following earnings, reporting total revenue of $591.4 million, a 24% year-over-year increase, with subscription revenue at $572.4 million (23% increase) and services revenue at $19 million (33% increase) [6] - MongoDB's Atlas cloud platform revenue grew 29% year-over-year, contributing 74% of total Q2 revenue, with 2,800 new customers added, totaling over 59,900 customers [6] - Snowflake's stock advanced 21.3%, reporting product revenue of nearly $1.1 billion, reflecting a 32% year-over-year growth, with overall revenue also at $1.1 billion [7] - Snowflake has 654 customers generating over $1 million in trailing 12-month product revenue, indicating strong enterprise metrics [7] Sector Trends - The Buy Now, Pay Later (BNPL) segment showed continued momentum, with Affirm reporting gross merchandise volumes soaring 34% to $10.4 billion and revenues increasing by 33% to $876 million [8] - Affirm Card gross merchandise volume grew 132% to $1.2 billion, with active cardholders increasing by 97% to 2.3 million, and in-store spending on those cards rising 187% year-over-year [8] - Authvia integrated Visa's real-time money movement capabilities, allowing for real-time disbursements across various industries, enhancing its TXT2PAY capabilities [9] - Mastercard partnered with Circle to enable the settlement of USDC and EURC stablecoins for acquirers in Eastern Europe, the Middle East, and Africa, facilitating digital trade in emerging markets [10] Other Company Developments - Ocado shares fell by 5.9% within the Shop pillar, while Walmart's shares remained slightly positive as the company supports U.K. and European businesses to utilize its online marketplaces for cross-border sales [11] - Walmart will host a UK Walmart Seller Summit to provide insights and guidance for manufacturers and exporters [11]