Earnings live: Moderna stock pops amid cost-cutting efforts, Snap stock soars, Duolingo plunges

Group 1 - The third quarter earnings season is currently underway, with several AI companies such as Palantir, AMD, and Supermicro reporting their results this week [1][4] - As of October 31, 64% of S&P 500 companies have reported their earnings, with analysts projecting a 10.7% increase in earnings per share for the third quarter, indicating a continuation of double-digit earnings growth for the fourth consecutive quarter, although this represents a slowdown from the 12% growth seen in Q2 [2][3] - Analysts had initially set lower expectations, forecasting a 7.9% increase in earnings per share for S&P 500 companies prior to the quarter [3] Group 2 - Key earnings reports this week will also come from other significant companies including Uber, Pfizer, Spotify, Marriott, Novo Nordisk, McDonald's, AppLovin, Robinhood, DoorDash, Snap, AstraZeneca, Airbnb, and Warner Bros. Discovery [4]