December 4, 2025
Image source: Adobe Stock
US stock futures were in a holding pattern on Thursday as Wall Street waited for fresh data to test baked-in expectations that the Federal Reserve will deliver a December rate cut.
Dow Jones Industrial Average futures traded broadly flat. Contracts on the S&P 500 and the tech-heavy Nasdaq 100 hovered just below the flatline on the heels of small closing gains for Wall Street stocks.
Buoying stocks is the growing conviction that the Fed will shift toward easing at its policy meeting next week, fueled by support from key officials and a lackluster run of economic data.
Traders are pricing in an 89% probability of a rate cut, per CME FedWatch, after a softer-than-expected ADP reading on private employment.
With earnings season in its final stretch, Salesforce (CRM) shares popped after the business software maker posted a raised outlook that both topped analyst expectations. Meanwhile, Snowflake (SNOW) stock tumbled over 8% after the AI data cloud provider's revenue guidance fell short, even as it deepened its partnership with Anthropic (ANTH.PVT).
Results from retailers Dollar General (DG) and Kroger (KR) could shed light on the resilience of the consumer, while Hewlett-Packard Enterprise (HPE) earnings are also on the docket on Thursday. Yahoo Finance reports.
☁️ Salesforce beats on earnings, issues better-than-expected revenue forecast
Salesforce reported better-than-expected earnings on Wednesday and topped Wall Street estimates with its revenue guidance for the fourth quarter.
The stock rose 2% in extended trading.
Here’s how the company did in comparison with LSEG consensus:
Earnings per share: $3.25 adjusted vs. $2.86 expected
Revenue: $10.26 billion vs. $10.27 billion expected
Revenue increased 8.6% from a year earlier in the fiscal third quarter, which ended on Oct. 31, according to a statement.
Net income increased to $2.09 billion, or $2.19 per share, from $1.53 billion, or $1.58 per share, in the same quarter last year, boosted by a $263 million gain from strategic investments.
Adjusted earnings per share exclude stock-based compensation. CNBC reports.
💵 Dollar General earnings on deck - stock eyeing breakout
Dollar General Corporation is set to release its latest earnings report this morning, with bulls eyeing a breakout from a range that has held for a number of months.
Dollar General's stock price currently sits at $113 in the pre-market, up 2.83% on the session, following a 10% rally over the past month of trading.
Analysts anticipate an earnings per share (EPS) of $0.93 for the current quarter.
This estimate represents a modest increase compared to the $0.89 EPS reported in the same quarter last year. Revenue is expected to come in at $10.6billion on the period for a 4.12% growth rate Y/Y. AskTraders reports.
❄️ Snowflake's product revenue outlook falls short of investor ambition, shares fall
Snowflake forecast fourth-quarter product revenue above analysts' estimates but falls short of lofty investor expectations for stronger growth, sending its shares down about 8% in extended trading.
The cloud data analytics firm, whose shares have surged more than 70% this year, expects product revenue of $1.19 billion to $1.20 billion for the fourth quarter, representing 27% growth.
The forecast was above analysts' estimates of $1.18 billion, according to data compiled by LSEG.
"Given the dramatic appreciation in share price this year, investors were expecting guidance of more than 30%.
We believe this growth will materialize next quarter allowing shares to continue appreciating," said D.A. Davidson analyst Gil Luria. MarketScreener reports.
🍿 Netflix targets Warner Bros Discovery and bets on bundled offers to seduce regulators
Netflix has entered advanced discussions regarding the acquisition of Warner Bros. Discovery's studios and streaming arm.
The company would highlight the benefits of a Netflix-HBO Max bundled offering, enabling price reductions for consumers, in order to anticipate antitrust concerns.
According to sources close to the matter, Netflix has proposed a largely cash deal and intends to integrate HBO content and DC Comics franchises into its catalog, without significantly increasing its market share.
Warner Bros Discovery, which is considering a partial or full divestiture of its assets, is also drawing interest from Paramount Skydance and Comcast.
These groups are also weighing the integration of HBO Max into their existing platforms (Paramount+ and Peacock) to more effectively compete with Netflix and Disney+. MarketScreener reports.
📊 Fiserv execs bet $1.5 million on a turnaround, and the stock pops
Two Fiserv executives are putting their money where their mouths are as they bet that the beleaguered financial-services company can see a turnaround.
Chief Legal Officer Adam Rosman and Chief Financial Officer Paul Todd both made open-market purchases of Fiserv’s stock this week, sending a bullish signal to the market. MarketWatch reports.
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.
1) PLRZ: Polyrizon
Total gain: +127.5%
2) CBIO: Crescent Biopharma
Total gain: +35.12%
3) BRR: Columbus Circle Capital
Total gain: +15.25%
4) HY: Hyster Yale
Total gain: +14.21%
5) FLYE: Fly-E Group
Total gain: +12.7%
The closing price of the top three market percent gainers trading near or above $3 on December 3.
Stock Analysis reports.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1) CAPR: Capricor Therapeutics, Inc.
Total gain: +371.07%
The stock appeared to be moving on no notable news.
2) IRBT: iRobot Corporation
Total gain: +73.85%
The stock appeared to be moving on no notable news.
3) QCLS: Q/C Technologies, Inc.
Total gain: +38.17%
The stock appeared to be moving on no notable news.
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
S: SentinelOne
Q3 2026
After Market Close
Estimate: 0.050
Actual: N/A
TTAN: ServiceTitan
Q3 2026
After Market Close
Estimate: 0.150
Actual: N/A
CRMT: America's Car-Mart
Q2 2026
Before Market Close
Estimate: -0.570
Actual: N/A
Time (ET)/ Report/ Period
8:30 AM - Initial jobless claims - Nov. 29
12:00 PM - Fed Vice Chair for Supervision Michelle Bowman speaks - N/A
“More money has been lost trying to anticipate corrections than has been lost in the corrections themselves.”
– Peter Lynch
Sourced in: Peter Lynch Quotes – MoneyControl.
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