Dow, S&P 500, Nasdaq futures pause with Supreme Court tariff hearing, Tesla vote in focus

📸 Snap shares surge as $400 million Perplexity deal rekindles AI ambitions

Snap shares jumped 18% in premarket trading on Thursday after its $400 million partnership with startup Perplexity AI reassured investors that the social media company could catch up to larger rivals in the artificial intelligence race.

The Snapchat parent's shares had risen 16% after market hours on Wednesday following the news.

Perplexity's artificial intelligence-powered search engine will be integrated into Snapchat, to better position it against rivals such as TikTok and Meta that are preferred by global marketers. Reuters reports.


🛵 DoorDash shares drop as new investment plan unnerves investors

DoorDash shares dropped nearly 9% in premarket trading on Thursday as the company's aggressive plan to invest several hundred million dollars more in 2026 in the face of cost pressures unnerved investors.

The San Francisco-based company also missed Wall Street estimates for third-quarter profit due to rising expenses.

DoorDash has ramped up investments on partnerships - including with Domino's Pizza, retailer Kroger and robotics firm Serve Robotics – as it broadens its last-mile delivery offerings to reach a wider customer base. Reuters reports.


🦉 Duolingo's soft bookings forecast overshadows revenue beat, shares plunge

Duolingo forecast fourth-quarter bookings below Wall Street estimates on Wednesday as the company prioritizes user growth and teaching ​quality on its app, sending its shares tumbling 20% before the bell on Thursday.

The company forecast bookings to be between $329.5 million and $335.5 million for the quarter, ‌below estimates of $343.6 million, according to analysts polled by Visible Alpha.

“We will focus on monetization, but the balance is shifting a little bit. On a relative basis, we're going to work more on teaching quality than we have in the recent ⁠past”, CEO Luis von ‌Ahn told Reuters. Yahoo Finance reports.


🏛️ Bank of America outlines plans for earnings growth and AI in first investors day in years

Bank of America CEO Brian Moynihan pledged that the nation's second-largest bank will deliver higher profits in the years ahead during its first investor day in nearly 15 years.

“There’s no cap to our ambition”, Moynihan said during a Q&A with analysts in Boston.

Bank of America laid out those ambitions in a presentation on Wednesday morning and forecast its earnings per share would grow 12% annually over the next three to five years. Yahoo Finance reports.


🚕 Uber still flying high

The number of monthly active users is up 17% compared to the same period last year, from 161 million to 189 million; booking volume rose by 21%, while revenue is up 20%. These are impressive results for a group whose revenues are soon expected to reach $50bn.

However, the situation is much less positive in terms of operating profit, which is under pressure, even though Uber reports a 33% increase in "adjusted" earnings.

However, this figure does not take into account stock option compensation or various costs that Uber considers exceptional - even though they have an unfortunate tendency to be quite recurrent.

Even so, Uber continues to enjoy success. Financed by its mobility business, its meal delivery business continues to expand and is now showing positive operating profits. Revenue in this segment increased by 29% this quarter. MarketScreener reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


AZN: AstraZeneca
Q3 2025
Before Market Open
Estimate: 1.140
Actual: 1.190

GMAB: Genmab
Q3 2025
Before Market Open
Estimate: 0.460
Actual: N/A

TRMD: TORM
Q3 2025
Before Market Open
Estimate: 0.700
Actual: 0.770

Time (ET)/ Report/ Period

8:30 AM - *Initial jobless claims - Nov. 1
8:30 AM - *U.S. productivity - Q3
10:00 AM - *Wholesale inventories - Sept.

“Survival as an investor over that famous long course depends from the very first on recognition that we do not know what is going to happen.”

– Peter Bernstein

Sourced in: Quotes on Risk Management – Novel Investor.

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