Market Quotes

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OCBC Raises 2026 Loan and Income Growth Targets

OCBC lifted its 2026 loan-growth target to the low double digits and raised its total-income outlook after third-quarter net profit increased 3%. The Singapore bank also expects net interest income to be flat or dip slightly, a better forecast than its earlier call for a slight decline.

Sony Shares Gain 2.5% as Profit Rises and Forecasts Improve

Sony Group shares advanced 2.5% in Tokyo on Friday even as the Nikkei Stock Average fell 6.3%. The Japanese entertainment and electronics company reported a 44% rise in quarterly net profit and raised its forecasts for the fiscal year ending March 2027.

Asian Stocks Slide as AI Selloff Spreads Across Chipmakers

Asian markets fell sharply Friday after Wall Street’s technology selloff intensified, with investors questioning whether political opposition and a possible slowdown in data-center construction will undermine the growth underpinning the artificial-intelligence trade.

DraftKings Drops 24% as Airbnb Shares Rise 11%

After-hours trading split sharply among four companies in focus: DraftKings fell 24% after cutting its guidance, while Airbnb gained 11% on a strong outlook. Cloudflare rose after lifting its forecast, and Affirm slipped as its sales-volume growth disappointed some investors.

Warburg Pincus Raises Ingenia Offer to A$5.55 a Share

Warburg Pincus has lifted its all-cash offer for Australian retirement-village operator Ingenia Communities to A$5.55 a share, valuing the proposal at US$1.67 billion. Ingenia said Friday it would consider the bid alongside a rival offer from AVID Properties.

JFrog Rises 22% After Raising Forecast and Beating Estimates

JFrog shares jumped 22% in after-hours trading to $91.00 after the software company raised its full-year outlook and reported third-quarter results above analyst expectations. The move followed a 14% drop in the regular session, when investors sold stocks linked to the artificial-intelligence industry.

Datavault AI Removes CEO Nathaniel Bradley

Datavault AI has removed Nathaniel Bradley as chief executive and president, with every board member except Bradley voting in favor, according to the company’s board decision. Bradley will retain his seat on the board.

Abacus Global Management Raises Annual Dividend 10%

Abacus Global Management’s annual dividend will rise to 22 cents per share from 20 cents, a 10% increase approved by the company’s board. The new payment is scheduled for Dec. 16, with shareholders of record on Dec. 1 eligible to receive it.

Natera Falls After Wider Loss and CEO Change

Natera shares fell sharply in after-hours trading Thursday after the molecular diagnostics company reported a quarterly loss that exceeded analysts’ expectations and announced that Chief Executive Steve Chapman would step down. The company also raised its full-year revenue forecast.

SoundHound AI Falls 11% After Announcing Workforce Cuts

SoundHound AI shares fell 11% in late trading Thursday, even as the voice AI company raised the low end of its full-year revenue forecast above Wall Street estimates. The decline followed its announcement of a restructuring plan that includes cutting roughly 27% of its workforce.

Affirm Raises GMV Outlook as Shares Fall After Results

Affirm lifted its full-year gross merchandise volume forecast after GMV rose 34% in the fiscal first quarter, but some investors had expected stronger growth. The company’s shares fell 10% to $62.99 in after-hours trading.

Energy Shares Rise as Oil Futures Recover Some Losses

Oil futures regained part of their postelection losses, lifting energy shares. New York crude settled just above $90 a barrel, while Brent, the globally traded benchmark, tested $100 as traders expressed skepticism about a U.S. exit from the Middle East.

Industrial Metals Losses Drag Materials Shares Lower

Gold rose 1% to close at $4,102.50 a troy ounce, but gains in the precious metal were not enough to offset weakness in industrial metals. Producers of metals, grains and other raw materials fell as copper prices slid to their lowest level since July.

Industrials Fall as Traders Pull Back From AI-Linked Stocks

Industrial and transportation shares fell as traders moved away from sectors seen as exposed to the artificial-intelligence boom, weighing on companies tied to data centers and factory automation. Toyota moved in the opposite direction after raising its annual earnings projection.

Consumer Stocks Fall as U.S. Growth Concerns Spread

Consumer companies fell as doubts grew about the durability of U.S. economic growth, with pressure spanning travel, dining and spirits. A selloff in artificial-intelligence stocks added to concern about an economy that has relied on activity in AI infrastructure, while a slight rebound in oil prices weighed on fuel-sensitive travel firms.

Tech Stocks Slide After Qualcomm and Arm Forecasts

A $2.5 trillion loss in Nasdaq market value marked the largest decline in the index’s history as technology shares tumbled after results from Qualcomm and Arm Holdings disappointed investors. The selloff spread across semiconductor stocks, with the sector’s benchmark suffering its steepest drop since the depths of the pandemic.

Communications Shares Fall as Traders Pull Back From Risk

Communications-services companies declined as investors retreated from risk, though results varied across the sector: News Corp. fell sharply after its latest earnings disappointed some investors, while Nexstar gained on strong revenue growth.

Boise Cascade to Buy Two Taiga Distribution Sites in California

Boise Cascade plans to acquire two building-materials distribution facilities from Taiga Building Products, one in Rocklin near Sacramento and the other in Sanger near Fresno. The company said the sites will expand its service reach across California and into Northern Nevada.

Utilities Fall Less Than the Broad Market as Investors Seek Safety

Power producers’ shares declined as traders moved back toward safe-haven assets, but the sector’s losses were smaller than those of the broader market. Duke Energy gained after raising the lower end of its annual adjusted earnings forecast, while Sempra fell despite lifting its outlook.