Bill Mccoll

Key Takeaways Major U.S. indexes pulled back from their post-election rally, losing ground at midday Tuesday as shares of some of last week big winners fell. Bitcoin came off its all-time high, and shares of crypto-related companies declined. Nvidia shares gained as several analysts raised their price targets for the AI chipmaker's stock.

Shopee parent Sea Limited reported strong sales from its e-commerce and financial services units, sending its U.S.-listed shares higher Tuesday.

The Mosaic Company missed third-quarter profit and revenue estimates as its operations were impacted by recent hurricanes.

On Holding posted record sales, but expenses and negative foreign currency exchange hurt profits.

Key Takeaways Rocket Companies had a big revenue miss and issued weak guidance as mortgage rates remain high. CEO Varun Krishna said even though the Federal Reserve cut interest rates, they didn't come down for home loans. CFO Brian Brown explained that Rocket expects the mortgage market in the current quarter to be smaller than it was in the third quarter.

Key Takeaways Shares of Instacart, trading under the name of its parent, Maplebear, tumbled Wednesday, after the grocery delivery service issued soft guidance, noting that one of its partners was hit with an internet outage. The grocery delivery firm said the problem affected deliveries for grocers operated by Ahold Delhaize. Instacart beat profit and sales estimates in the third quarter, and turned profitable. It also raised its stock buyback program.

Rivian Automotive shares soared Wednesday, a day after the electric vehicle manufacturer expanded its partnership with Volkswagen in a move aimed at helping both firms find ways to grab more of the market for EVs.

U.S. equities made small gains at midday as the October Consumer Price Index was in line with economists' estimates.

Key Takeaways Gambling company Flutter Entertainment reported better-than-expected revenue on strong wagering on NFL games. The parent of FanDuel said peak bets per minute for NFL games was already higher than during the last Super Bowl. Flutter Entertainment shares traded at an all-time high.

Key Takeaways Shares of SoundHound AI sank as the AI-based voice software maker's margins dropped. The company's revenue set a record, and its loss was less than analysts had anticipated. SoundHound AI boosted its revenue outlook for both 2024 and 2025.