Happy Thursday! Corporate profits are smashing records and guidance is stronger than ever, too, yet despite all the good news, the market seems to be stalling and running on fumes lately. Is market euphoria turning into exhaustion? Find out what the pros are doing next.

Also, in its latest quarterly filing, Amazon completely exited and dumped AMD, while doubling down on Rivian. Read on to see what other moves the tech titan is making.

Plus, Benzinga is hosting the biggest fintech conference of the year next week. Click here for all the details, and come join the biggest names in fintech.

Benzinga Survey: In Wednesday’s poll, RTB readers correctly predicted AppLovin (75%) and Robinhood (81%) would beat Wall Street estimates, helping to keep RTB’s perfect record this quarter.

Next up: Airbnb is set to report after the close today. Will they beat estimates? Vote and see the results.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKETOPOLIS SPOTLIGHT

• MARKET HISTORY

Earnings So Good It Hurts: Why One Of The Strongest Earnings Seasons On Record Is Suddenly Hitting The Wall

This earnings season has been nothing short of spectacular, with companies reporting record profits and future guidance coming in above expectations as well.

Yet despite all the good news, the market suddenly feels uneasy. With valuations stretching to levels not seen since the dot-com era and the AI boom showing early signs of fatigue, the rally that once felt unstoppable may be running on fumes.

Is it time to double down, or time to get out? Read on to see what smart investors are doing.

Fintech is Evolving Fast. Meet The Makers. Shape The Market.

If you're serious about fintech, there's only one place to be on November 10th, and that’s in NYC. The 2025 Benzinga Fintech Day & Awards isn’t just another conference — it’s the launchpad for what’s next in finance. We’re bringing together the sharpest minds, the boldest builders and the biggest dealmakers for a one-day blitz of innovation, insider insights and high-stakes networking.

Don’t miss out on creating lasting connections that matter. Be in the room where the future of fintech is being made — claim your discounted ticket today.

Yesterday: U.S. indexes rebounded Wednesday as upbeat economic data and strong tech earnings lifted sentiment. The ADP employment report showed private payrolls rising by 42,000 in October, surpassing expectations, while the ISM Services PMI climbed to an eighth-month high (52.4), reflecting solid demand and hiring momentum. Semiconductor and AI-related stocks helped lead the charge thanks to AMD’s better-than-expected quarterly results. In addition, the final two months of the year have historically delivered favorable returns. Since 1950, the S&P 500 has been positive 69% of the time for an average return of 1.9% in November. December has also performed well, with a win rate of 3% for a gain of 1.4%.

On Our Radar: One of the busiest earning weeks of the season continues with Airbnb (ABNB), Opendoor (OPEN), Block (XYZ) and The Trade Desk (TTD) all reporting after the market close today.

Pinterest (PINS), DoorDash (DASH) and Super Micro (SMCI) plunged, while Amgen (AMGN) and Snap (SNAP) soared. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Wednesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

‘Lovin It’: Shares of AppLovin were soaring after hours after the company reported Q3 results. Read on to see all the highlights and why Wall Street is buzzing.

Double Beat: Robinhood smashed Q3 expectations on the top and bottom lines with record revenue and earnings. Here’s what analysts loved the most from the record-breaking quarter.

Micro Crash: Super Micro Computer’s stock plunged after its latest earnings report shocked investors, missing expectations on multiple fronts. Click to uncover what went wrong and if the selloff is a buying opportunity or something to stay away from.

Buyout Buzz: Forge Global stock surged 53% after-hours on reports that Charles Schwab could acquire the private share exchange for $600 million. Don’t miss the details on how this potential fintech deal could reshape the market.

Crypto Crash: Bitcoin’s dip below $100,000 caused a big scare on Wall Street. Here’s what experts had to say about the selloff and what could set the stage for a rebound.

🤖 What’s The Value Of AI Home Buying For Companies And Buyers?

This week on Marketopolis, reAlpha ($AIRE) CEO Mike Logozzo explains how the company shifted into AI home buying and what that means for both the business model and the buyer experience.

A grounded conversation about strategy, trust and building models meant to last, not just trend.

On This Day In 1907…

During the height of the Panic of 1907, a crucial shipment carrying $7 million in gold from London arrived in New York to help stabilize the collapsing U.S. financial system. The gold, arranged by J. Pierpont Morgan and other financiers, bolstered bank reserves and restored confidence in the credit markets. Another shipment of $10 million would soon follow, which helped mark a turning point in the crisis. In addition, this event helped pave the way for the creation of the Federal Reserve System a few years later.

QUOTE OF THE DAY

“Investing without research is like playing stud poker and never looking at the cards.“

— Peter Lynch

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