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Top Stock Movers Now: Meta, Dollar General, Kroger, and More
Investopedia· 2025-12-04 19:06
Group 1: Market Overview - Major U.S. equities indexes showed mixed performance, with the Dow Jones Industrial Average down 0.1%, while the S&P 500 and Nasdaq both increased by 0.1% [1] - Tech stocks experienced gains, while consumer staples stocks faced losses [1] Group 2: Company Performances - Dollar General (DG) saw a significant stock increase of nearly 12% after reporting strong quarterly results, following a positive report from competitor Dollar Tree (DLTR) [1] - Meta Platforms (META) shares rose by 4% after news of potential spending cuts in its metaverse segment for the next year [2] - Kroger (KR) was the largest decliner in the S&P 500, with shares falling 6% due to quarterly sales that missed analysts' expectations [2] - Snowflake (SNOW) shares dropped 11% after a disappointing margin forecast raised concerns about its AI-related investments [3] - Intel (INTC) stock decreased by 6%, as the company decided to retain its networking and communications segment after a strategic review [3] Group 3: Commodity and Currency Movements - Oil and gold futures experienced an increase, while the yield on the 10-year Treasury note rose to 4.10% [4] - The U.S. dollar weakened against the euro and yen but strengthened against the pound [4] - Bitcoin's price fell to just above $92,000, while Ethereum gained, with most other major cryptocurrencies declining [4]
Why Snowflake's Stock Is Plummeting Thursday
Investopedia· 2025-12-04 18:05
Key Takeaways Investors are hammering Snowflake's stock despite quarterly results that topped analysts' expectations on the top and bottom lines. Snowflake CFO Brian Robins told analysts during the company's earnings call not to "read too much into" the company's fourth-quarter guidance, according to an AlphaSense transcript. "We will continue to invest in the business, but I think there is also substantial gains to be had in just how efficient we are as a company," CEO Sridhar Ramaswamy said, adding, "I do ...