This information is as of Market shut at 4 pm ET on November 4, 2025.
The AI bubble/growth debate is now extending into the inventory market, very like the federal government shutdown, which, on its thirty fourth day, is now nearer to changing into the longest shutdown in historical past.
- The S&P 500 recorded a 1.2% decline amid issues about AI valuation and analysts’ claims {that a} bear market is imminent.
- The Nasdaq Composite slipped 2% following information of Palantir’s short-selling exercise.
- The Dow Jones Industrial Common closed 0.5% decrease, with the Russell 2000 down 1.8% on the shut.
There’s a looming concern that AI inventory valuations are inflated, the identical fear that has surrounded the marketplace for some time, inflicting a push and pull between earnings and AI infrastructure offers.
The affect was seen within the inventory market immediately, with all main indices within the purple, very like Gold, an investor’s haven, which additionally fell 1.8%, pushing additional under $4,000 per ounce, and nearer to the $ 3,900 mark.
Shopify’s inventory has gained 51% year-to-date.
Rafael Henrique/SOPA Pictures/LightRocket through Getty Pictures
The CBOE Volatility Index turned constructive after a very long time, rising 10.6%, edging nearer to twenty, which indicators elevated market uncertainty.
Quantum shares have been additionally decrease immediately. IONQ Inc. (IONQ) (-8.6%), Rigetti Computing (RGTI) (-10%), and D-Wave Quantum Inc. (QBTS) (-10%) posted main declines after a market frenzy over the past week.
Associated: Fund supervisor who predicted Nice Recession sparks fiery Palantir CEO rant
As earnings season continues and shares replicate the affect of their quarterly efficiency, one firm is already rising as a winner: Nvidia. Its earnings shall be reported on November 19.
Listed below are probably the most energetic shares immediately
5 S&P 500 shares making large strikes immediately are:
- Expeditors Worldwide of Washington: +10.8%
- Henry Schein: +10.8%
- Dupont De Nemours: +8.9%
- Yum! Manufacturers: +7.3%
- Waters Corp: +6.3%
The worst-performing 5 S&P 500 shares immediately are:
- Norwegian Cruise Line: -15.3%
- Zoetis Inc: -13.8%
- Carnival Corp: -9.1%
- CDW Corp: -8.5%
- Albemarle Corp: -8.5%
Shares additionally price noting embrace:
- Rigetti Computing: -10.1%
- Palantir: -7.9%
- AMD: -3.7%
- Shopify: -6.9%
- Tesla: +5.2%.
Shopify slips amid earnings launch
Shopify’s (SHOP) inventory fell 6.9% on Tuesday, extending its week-long decline of 10%. The drop comes regardless of sturdy third-quarter outcomes.
The e-commerce platform reported a powerful quarter with double-digit top-line and margin growth.
Shopify Q3 earnings at a look:
- Income $2.84 billion, up 32% year-over-year.
- Gross Merchandise Quantity (GMV) of $92 billion, up 32% 12 months over 12 months.
- Free money stream margin of 18%, marking 9 consecutive quarters of double-digit free money stream margins.
Extra Retail Shares:
- Financial institution of America revamps Amazon inventory value after earnings
- Kids’s retailer closing 150 shops, slashes jobs
- Greenback Tree CEO provides prospects a pricing promise
- Amazon simply cracked the final mile: what it means for world retail
Administration highlighted constant development in GMV and improved working leverage as key drivers forward of the vacation purchasing season.
Finkelstein famous a full-spectrum development in commerce that drove its sturdy Q3 outcomes and is optimistic a few busier season forward.
“Retail’s busiest season is here, and, as always, Shopify merchants are built for it,” mentioned Finklestein.
The corporate’s inventory, which has seen a 108% achieve over the 12 months, has been a explanation for rivalry for analysts. Canaccord analyst David Hynes famous that regardless of an across-the-board beat with a sturdy Q3 efficiency, the inventory didn’t do a lot.
This displays “where we are from a valuation standpoint versus any kind of questions tied to fundamentals,” including that the e-commerce large has carried out admirably and continues to optimize for development, and underscores future alternatives, as reported at TheFly.
Canaccord raised its value goal for Shopify to $185 from $165, protecting a Purchase ranking.
TD Securities analyst Daniel Chan, however, attributes the inventory pullback to Shopify’s “lofty” valuation and “soft” free money stream outlook. TD has a Maintain ranking on the shares, as famous by TheFly.
Yum! Manufacturers stories earnings amid Pizza Hut woes
Yum! Manufacturers (YUM), which operates a system of over 61,000 eating places in additional than 155 international locations, by means of its subsidiaries comparable to KFC, Taco Bell, Pizza Hut, and Habbit Burger & Grill, reported its Q3 2025 earnings on November 4, 2025.
It recorded a 7% inventory leap, pushed by strong outcomes, marking an 11% year-to-date inventory achieve.
Listed below are the highlights from Yum! Manufacturers’ Q3 earnings report:
- GAAP EPS $1.41 and $1.58 adjusted, which is up 15% year-over-year.
- Worldwide system gross sales grew 5%, led by Taco Bell and KFC.
- Income up 8% from Q3 2024, at $1.98 billion.
This efficiency was primarily pushed by sturdy stories from Taco Bell and KFC.
Associated: Chipotle sees regarding buyer development
Chris Turner, who stepped into Yum’s new CEO place, promised to unlock better worth for the meals large.
“Going forward, my three priorities for driving growth will be staying relevant with the next generation of consumers, leveraging our global scale to strengthen franchisees’ store-level economics, and expanding Byte across more restaurants worldwide.”
Byte is Yum! Manufacturers’ consolidated digital platform that powers ordering, supply, funds, advertising, and restaurant operations throughout KFC, Taco Bell, Pizza Hut, and Behavior Burger.
As well as, Yum! additionally introduced a evaluate of strategic choices for Pizza Hut, which has been struggling to retain prospects. The corporate famous on Tuesday that the beloved chain is perhaps up on the market quickly, however declined to reveal any additional particulars.
Pizza Hut has many strengths – together with deep client love, a world footprint, sturdy development in lots of markets, a proficient crew, and an more and more highly effective expertise platform,” famous CEO Chris Turner.
Starbucks makes large China transfer
Starbucks (SBUX) introduced its This fall 2025 earnings on twenty ninth October, wherein it talked about 27 retailer closures in North America.
Right now, it introduced a major change, referring to it as a “commitment to accelerating long-term growth in China.”
Starbucks has introduced a brand new settlement with Boyu Capital, which can give Boyu a 60% stake in Starbucks’ retail operations in China, marking a major shift in some of the essential and quickly rising markets globally.
The information impacted its already depleting inventory value, which fell 1.7% on Tuesday, marking a 12% year-to-date decline.
The settlement, valued at roughly $4 billion, shall be a cash-free, debt-free deal.
The change marks a major shift within the espresso business’s dynamics. Starbucks is battling to retain market share in opposition to native espresso outlets and types like Dunkin’ and Dutch Bros.
Associated: Chick-fil-A bucks buyer development crushing Wendy’s
