This picture shows a turkey standing next to cows in a field in Douville-en-Auge, northwestern France, on December 29, 2018.

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Stocks rise for the fourth consecutive session as tech rally leads gains

While tech was the best-performing sector ETF, the rally was broad-based, with all sector ETFs rising higher except for healthcare.

Tasha Matsumoto

11/26/25 4:02PM

All major US indexes rose ahead of tomorrow’s holiday. While tech was the best-performing sector ETF, the rally was broad-based, with every sector ETF gaining except for healthcare. The Google versus OpenAI split in the AI trade continued, but in a reversal of recent trends, stocks linked to OpenAI rallied, with Nvidia, CoreWeave, Oracle, and Advanced Micro Devices all gaining. Meanwhile, Alphabet was modestly lower.

Stocks that moved higher:

Robinhood was the best-performing stock in the S&P 500, rising after the brokerage announced yesterday a joint venture with Susquehanna to enhance its prediction markets business. (Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of my compensation.)
Dell was the benchmark index’s third-best performer after reporting upbeat Q4 guidance in yesterday’s Q3 earnings call.
Shares of Beyond Meat skyrocketed on heavy call activity and little news.
Netflix climbed ahead of tonight’s “Stranger Things” streaming premiere amid reports that it’s ramping up its efforts to acquire Warner Bros. Discovery.
Urban Outfitters soared after posting strong Q3 earnings, with revenue 3% ahead of expectations and adjusted earnings per share beating by 7%. Other retailers, like Kohl’s, Abercrombie & Fitch, and Best Buy, continued their rise, and Burlington Stores reversed yesterday’s slump. Macy’s also popped on the back of the strong results from peers.

Stocks that moved lower:

Deere was one of the worst-performing stocks in the S&P 500 as a sales and profit beat weren’t enough to stem investors’ tariff unease after the company dropped its fourth-quarter earnings report.
HP slumped after the computer and printer giant announced weaker-than-expected guidance for fiscal 2026 alongside plans for a roughly 10% cut to its workforce.

Luke Kawa1h

Nvidia’s strong results, guidance lift AI ecosystem

Data center stocks Applied Digital, IREN, CoreWeave, and Nebius as well as foundry giant TSMC and optical communications company Corning are catching a bid in after-hours trading thanks to strong results and guidance from Nvidia.

The chip designer’s massive outlook for Q1 sales — with the midpoint at $78 billion, versus a consensus estimate of $72.8 billion — underscores the magnitude of the near-term demand for AI compute and chips. As if the hyperscalers’ massive capex budgets hadn’t already done that!

To be sure, the advances in these stocks in after-hours trading are fairly mild, since most had been on fire in recent sessions in anticipation of a strong quarter.

Nvidia rises after better than expected Q4 results, big upside surprise in Q1 sales guidance

To be sure, the advances in these stocks in after-hours trading are fairly mild, since most had been on fire in recent sessions in anticipation of a strong quarter.

Luke Kawa

Nvidia rises after better-than-expected Q4 results, big upside surprise in Q1 sales guidance

The chip designer delivered its 13th consecutive bottom-line beat and 14th on the top line.

Max Knoblauch2h

Joby posts smaller loss, larger cash pile than expected in Q4, says it expects US early operations to begin this year

Air taxi maker Joby Aviation reported its fourth-quarter earnings after the bell on Wednesday. Shares climbed more than 3% in after-hours trading.

The company posted a loss of $0.14 per share, beating estimates of a $0.20 loss.

Joby ended the fourth quarter with $1.41 billion in cash (and cash equivalents), compared to Wall Street expectations of $1.01 billion.

Investors have closely watched Joby’s progress with FAA certification, which will be the determining factor for launching commercial air taxi services in the US. As of the end of Q4, Joby said it is 80% complete with the fourth stage of its five-stage certification process, up from 77% in the third quarter. Joby is 12% complete with the fifth stage, up from 10% in Q3.

Earlier on Wednesday, Joby announced it plans to partner with Uber to offer air taxi rides on the ride-hailing app in Dubai later this year. The companies already partner on Blade helicopter rides.

Joby also said it expects US early operations to begin this year, with the White House’s eVTOL (electric vertical takeoff and landing) Integration Pilot Program “set to select at least five sites for mature eVTOL aircraft to begin operating ahead of Type Certification.”

Matt Phillips2h

The Trade Desk plunges on weak Q1 sales guidance

Ad tech platform The Trade Desk offered weak Q1 sales guidance as part of its Q4 earnings numbers, sending the stock down sharply after-hours on Wednesday.

The advertising software company reported:

Adjusted Q4 earnings per share of $0.59 vs. the $0.58 consensus estimate, per FactSet.
Q4 revenue of $847 million vs. the $840.6 million expectation.
Q1 sales guidance of “at least” $678 million vs. Wall Street’s $688.6 million expectation.

The Trade Desk specializes in helping client advertisers shift their ads from traditional linear television toward online streaming services. And the shares posted some impressive gains at times, rising more than 400% over five years starting at the end of 2019.

But the company’s shares have cratered in recent years, in part because of a daunting competitive threat from Amazon’s demand-side advertising platform. Through Wednesday’s close, the stock was down roughly 80% from where it was trading at the end of 2024.

Max Knoblauch2h

Paramount misses on earnings and revenue in its fourth-quarter report

Paramount Skydance reported underwhelming fourth-quarter earnings after the bell on Wednesday, in the midst of its attempt to win the Warner Bros. Discovery bidding war.

For the last three months of 2025, Paramount reported:

An adjusted loss of $0.12 per share, compared to Bloomberg estimates of $0.07 earnings per share.
Revenue of $8.1 billion, missing Wall Street’s expectations of $8.15 billion.

Looking ahead, the company expects Q1 revenue of between $7.15 billion and $7.35 billion, below the $7.39 billion Wall Street consensus estimate.

Earlier this week, Paramount hiked its offer for Warner Bros. to $31 per share. Warner’s board, which has rejected Paramount’s acquisition attempts several times in recent months, said it’s reviewing the new bid.

If WBD determines the Paramount deal to be a superior offer, Netflix will have four days to match it, beat it, or exit the process. Paramount shares have fallen 24% since it made its initial offer for WBD in December.