Big tech and earnings. Marcus Lindqvist is a pen name; every Mostly Markets writer uses one.
Why it movedReddit plunged 30.6% on Friday after its fourth-quarter revenue forecast fell short and it warned that shrinking Google search traffic could cut its daily users.
EarningsDoorDash's revenue rose 34% to $4.62 billion, beating the $4.56 billion expected, and it agreed to buy Instacart for about $17 billion. The stock jumped 5.6% on Thursday.
EarningsAWS grew 39%, ahead of estimates, but Amazon missed on earnings per share and ads and guided Q4 operating income below forecasts. The stock slid 6.5% after hours as of 5:20 p.m. ET.
Earnings previewApple reports after the close on Monday, 2 November. Analysts expect revenue of about $113 billion, up 10%, in the upper half of Apple's own forecast, with the stock at a record.
Earnings previewUber reports before the open on Wednesday, 4 November, with its stock down 19.5% this year. Analysts expect gross bookings of about $59.7 billion, in the upper half of its own forecast.
Why it movedAlphabet plunged 12.6% on Thursday, its worst day since Google's 2004 listing, after search revenue missed estimates and free cash flow came in at negative $9.07 billion.
ChartApple is up 28.3% this year as of Thursday's close. Alphabet's 12.6% drop after its results left it down 9.3%, one of three of the seven now below where they started 2026.
Why it movedMicrosoft closed down 0.2% at $530.14 on Thursday, erasing a 4% jump in Wednesday's after-hours trading, as investors looked past its earnings beat to capex $5.5 billion below estimates.
EarningsMicrosoft rose 4.0% after hours as revenue of $92.28 billion beat the $90.69 billion expected and Azure grew 48%, above the company's own forecast.
EarningsAlphabet plunged 10.8% after hours as revenue of $127.58 billion just missed estimates, search fell short and free cash flow turned to a $9.07 billion outflow.
EarningsVisa earned $3.48 a share on an adjusted basis, beating the $3.44 expected, on revenue up 13% to $12.1 billion, but guided to slower earnings growth in fiscal 2027.
Why it movedMeta slid 7.0% on Thursday after spending $34.91 billion on data centers and equipment in a quarter, leaving free cash flow at -$2.12 billion, and creating new nonvoting shares.
Why it movedSpotify soared 11.1% on Thursday after forecasting €820 million of fourth-quarter operating income, above the €813.4 million analysts expected, and beating its subscriber goal.
