ADVFN US – Market Content Editor
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U.S. Private Employers Cut Jobs in November, ADP Reports
New data from ADP on Wednesday revealed an unexpected decline in U.S. private-sector hiring for November, reversing gains from the prior month. According to the payroll firm, private employers shed 32,000 jobs during the month, following an upwardly revised increase of 47,000 positions in October. Economists had projected a modest uptick of around 10,000 jobs,…
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Dow Jones, S&P, Nasdaq, Futures, Wall Street Set For a Higher Open as Rate-Cut Expectations Build
U.S. stock futures signaled a stronger start on Wednesday, suggesting that equities may extend the gains recorded in the previous session. Futures held in positive territory after new data from ADP showed an unexpected contraction in private-sector employment for November. According to the report, private payrolls declined by 32,000 last month, following a revised increase…
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Tesla Shares Inch Higher as Trump Administration Prepares Robotics Initiative
Tesla (NASDAQ:TSLA) gained about 1% on Wednesday after reports indicated that the Trump administration is preparing a major push to accelerate the U.S. robotics industry — a move that could lift companies tied to automation and advanced manufacturing. According to Politico, Commerce Secretary Howard Lutnick has recently held meetings with robotics industry leaders and is…
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Dollar Tree Beats Same-Store Sales Forecast as Halloween Demand Hits Record Levels
Dollar Tree (NASDAQ:DLTR) posted third-quarter same-store sales that edged past expectations, helped by exceptionally strong Halloween-related demand. Comparable sales increased 4.2% for the quarter ended November 1, slightly above the Bloomberg consensus projection of 4.17%. Net sales reached $4.75 billion, also topping estimates. Adjusted operating income rose 4.1% year over year to $345 million, resulting…
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Macy’s Shares Rise After Strong Q3 Beat and Upgraded Full-Year Forecast
Macy’s Inc. (NYSE:M) moved 3.5% higher in premarket trading on Wednesday after the retailer delivered third-quarter results that topped expectations and raised its full-year guidance, supported by its strongest comparable sales performance in more than three years. The company reported adjusted EPS of $0.09, easily outpacing analysts’ expectations of a $0.13 loss. Revenue reached $4.7…
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Astera Labs Shares Rebound as Analysts Back Company’s Role in NVLink Ecosystem
Astera Labs (NASDAQ:ALAB) gained 7% in premarket trading Wednesday, clawing back part of Tuesday’s steep 13.5% slide after several analysts pushed back against concerns over the company’s positioning in NVIDIA’s NVLink ecosystem. The sharp decline followed announcements at AWS re:Invent, where Amazon (NASDAQ:AMZN) revealed plans to integrate NVIDIA’s (NASDAQ:NVDA) NVLink Fusion technology into its upcoming…
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Sprinklr Shares Jump After Posting Q3 Beat and Issuing Strong Outlook
Sprinklr (NYSE:CXM) traded sharply higher in premarket action Wednesday after the software company delivered a solid fiscal third-quarter performance and raised its guidance above Wall Street expectations. By 07:16 ET, the stock was up 7.6%. The company reported earnings per share of $0.12, exceeding analyst estimates of $0.09. Revenue climbed 9% year over year to…
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Pharvaris Shares Surge After Strong Phase 3 Results for Oral HAE Treatment
Pharvaris N.V. (NASDAQ:PHVS) jumped 20% on Wednesday after the biotech announced highly positive topline findings from its Phase 3 RAPIDe-3 trial evaluating deucrictibant, its oral therapy designed to treat hereditary angioedema (HAE) attacks. The pivotal study achieved its primary goal, showing that patients receiving deucrictibant reached a median onset of symptom relief in just 1.28…
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Aeva Shares Jump After Securing Exclusive LiDAR Deal With Major European Carmaker
Aeva Technologies (NASDAQ:AEVA) climbed 8% on Wednesday after revealing it had won an exclusive, long-term contract to provide its LiDAR systems to a leading European passenger vehicle manufacturer. Under the multi-year production agreement, Aeva will serve as the sole Tier-1 LiDAR supplier for the automaker’s global vehicle platform outside of China. Production is expected to…
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Cassava Sciences Shares Drop as FDA Seeks Additional Data for Epilepsy Program
Cassava Sciences (NASDAQ:SAVA) slid 13% in early Monday trading after the company disclosed that the U.S. Food and Drug Administration has asked for more information related to its investigational new drug (IND) filing. According to the company, the FDA notified Cassava on December 2 that it requires further data to evaluate potential risks to human…