US Equity Markets Mixed After Major Technology Stocks Face Declines

MT Newswires Live
12 hours ago

US equity indexes were mixed on Tuesday, led by declines in the technology and communication services sectors, which pulled the Nasdaq Composite lower.

* The Senate approved a bill to end the longest government shutdown in US history, with the measure now awaiting a vote in the House of Representatives before heading to President Donald Trump for final approval, according to a note from D.A. Davidson. House Speaker Mike Johnson said the chamber could vote on the legislation as early as Wednesday, Reuters reported Tuesday.

* ADP's second weekly report on national employment showed private-sector payrolls declined by an average of 11,250 jobs over the four weeks ending Oct. 25.

* December West Texas Intermediate crude oil rose $0.82 to settle at $60.95 per barrel, while January Brent crude, the global benchmark, was last seen down $1.00 to $65.06.

* Paramount Skydance (PSKY) shares rose about 9.7% after the company posted stronger-than-expected Q4 revenue guidance and announced a significant workforce reduction. Benchmark raised its price target on the stock to $19 from $16 while keeping a buy rating.

* CoreWeave (CRWV) shares dropped nearly 16% after the company posted strong Q3 results but cut its fiscal 2025 revenue forecast by $150 million to $5.10 billion due to a specific supply chain issue.

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