Shares were little changed after rising for the seventh time in eight sessions; Dow and S&P 500 approach records

Kroger shares lead S&P 500 losers as third-quarter revenue declines, grocer swings to loss

20 minutes ago

Kroger (KR)’s third-quarter revenue missed the mark and turned into a loss. Investors punish stocks.

The Cincinnati-based department store chain was the worst performer in the S&P 500 on Thursday, with its shares falling 6%.

Kroger reported a GAAP loss of $2.02 per share after reporting a profit of $0.85 per share a year ago. Analysts surveyed by Visible Alpha were expecting earnings of $0.54 per share.

The company’s sales of $33.86 billion rose just 0.7% year over year, missing consensus expectations of $34.21 billion. Adjusted earnings per share of $1.05 beat estimates by a penny.

Including today’s declines, Kroger shares are up less than 2% this year.

Snowflake stock declines as operating margin outlook disappoints

Two hours and two minutes ago

Investors are attacking Snowflake (SNOW) stock despite third-quarter fiscal 2026 results that beat analysts’ expectations on both the top and bottom lines.

Shares of Snowflake sank 10% on Thursday, a day after the Bozeman, Mont.-based cloud data analytics company issued a forecast for operating margin for the current quarter lower than the third quarter.

Snowflake reported third-quarter adjusted earnings of $0.35 per share on revenue that increased 29% year over year to $1.21 billion. Analysts surveyed by Visible Alpha were expecting $0.31 billion and $1.19 billion, respectively.

For the quarter ended October 31, Snowflake reported operating income of $131.3 million, a margin of 11%. However, for the fourth quarter, the company expects an operating margin of 7%, lower than the 9% margin it guided for — and exceeded — in the third quarter.

“We will continue to invest in the business, but I think there are also significant gains to be made in terms of how efficient we are as a company,” Snowflake CEO Sridhar Ramaswamy said on the earnings call, according to an AlphaSense transcript. “And I don’t think of this as an either/or. We’ve had very healthy expansions in things like operating margin, but also things like [stock-based compensation] “Year after year, we will continue to push hard on these matters.”

Even with today’s decline, Snowflake stock is up more than 50% this year.

Trump’s name is not what it used to be on Wall Street

3 hours and 29 minutes ago

It’s been a worrying couple of months for investors, including the First Family.

Assets tied to President Donald Trump and his family have underperformed the broader market in recent months. The weakness has been most pronounced in cryptocurrency markets, where the association with the Trump family has at other times sent asset prices skyrocketing.

Shares of Eric Trump’s American Bitcoin (ABTC), which was formed through a merger with an existing bitcoin mining company, fell as much as 50% in early trading on Tuesday and ended the session down 39%. US bitcoin closed Tuesday at its lowest price since Trump’s involvement was announced in May, and closed Wednesday roughly 75% lower than its closing high in September.

Meanwhile, a broader cryptocurrency rally has pushed Bitcoin back above $93,000 and lifted shares of mining companies and bitcoin treasury companies like Strategy (MSTR) — the latter of which rose nearly 4% yesterday.

Read the full article here.

–Colin Ledley

The Dow Jones and S&P 500 are near all-time highs

4 hours and 12 minutes ago

With their recent string of gains, the Dow Jones Industrial Average and S&P 500 are approaching record closing highs.

Since the end of trading on November 20, the Dow Jones and S&P 500 have risen 4.7% and 4.8%, respectively, moving within 1% of their all-time closing highs.

The Dow entered Thursday at 47,882.90, close to its record close of 48,254.82 set on November 12. The S&P 500 stood at 6,849.72, near its record close of 6,890.89 on October 28.

The tech-heavy Nasdaq index entered the day down about 2% from the all-time closing high of 23,958.47 hit on October 29.

Prediction markets data is now available on CNN. Expect to see it everywhere soon

5 hours and 8 minutes ago

Prediction markets are becoming more visible to the masses day by day.

Calci recently announced a partnership with CNN that includes integrating its prediction markets data across the national media network’s programming. Certain sectors already display a scrolling banner detailing event contract odds on the exchange, and the announcement suggests the potential for many uses.

Prediction markets became a hot commodity after the US presidential election in 2024, when bettors on PollyMarket predicted the outcome more accurately than many traditional polls. This has drawn a raft of new players into the mix — including Robinhood (HOOD), Coinbase (COIN), and Trump Media (DJT) — as well as a wave of investment dollars.

Competition in prediction markets is heating up. Kalshi has signed deals with Google Finance, the National Hockey League, and Robinhood, the latter of which is planning to launch its own exchange. Polymarket is set to return to the US and has attracted investment from New York Stock Exchange parent company Intercontinental Exchange (ICE). FanDuel has entered into an agreement with CME Group (CME) to launch a platform this month.

A lot of money is at stake. “The time has finally come for prediction markets to reach their full potential, and we are determined to make it happen,” Tarek Mansour, co-founder and CEO of Calci, said in a social media post on Tuesday. Mansour’s post came after announcing that the company had raised $1 billion from raising new funds, setting its value at $11 billion.

Read the full article here.

–Crystal Kim

Stock futures were little changed after major indexes ended higher for the seventh time in 8 sessions

5 hours and 33 minutes ago

Futures tied to the Dow Jones Industrial Average rose nearly 0.1%.

S&P 500 futures were flat.

Nasdaq 100 futures fell by about 0.1%.