Daily Market Wrap: Paramount Skydance, CoreWeave, and SoftBank

Market Performance - The market had a mixed performance on November 11, with tech stocks underperforming due to Nvidia's lackluster performance [1] - The S&P 500 was up 0.2% at the close, led by strong performances from Viatris and Paramount Skydance, while the tech-heavy Nasdaq Composite slipped 0.3% [6] - The Dow Jones Industrial Average rose 1.2% at the close, with an intraday increase of more than 500 points [6] Company Highlights - Paramount Skydance's stock surged 9.8% after announcing strong Q3 2025 earnings, marking its first earnings report as a merged entity [10] - The company's Q3 revenue was flat at $6.7 billion, but its direct-to-consumer (DTC) business grew 17% year-over-year, driven by Paramount+ revenue and a steady 10% subscriber growth, reaching 79 million [11] - Viatris Inc saw a stock increase of 10.1%, while other notable stock movements included Moderna (+6.7%) and FedEx (+5.4%) [7] Notable Stock Movements - The worst-performing stocks included Applovin (-8.7%), Vistra (-4.8%), and Micron Technology (-4.8%) [7][8] - Other stocks worth noting included CoreWeave (-16.3%) and Rigetti Computing (-5.1%) [12]