U.S. stock futures were fluctuating on Wednesday after Tuesday&#8217;s lower close. Futures of major benchmark indices were mixed.



Investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.



Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>), one of the poster children of this year's AI-fueled rally, <a href="https://www.benzinga.com/markets/equities/25/11/48645886/dan-ives-slams-michael-burry-for-betting-against-messi-of-ai-palantir-says-he-is-dead-wrong">slumped around 8%</a> despite easily beating Wall Street estimates and raising its full-year guidance.



President Donald Trump&#8216;s legal authority to impose his most sweeping duties faces a key test at the Supreme Court today. Justices will <a href="https://www.benzinga.com/markets/macro-economic-events/25/11/48582680/trump-wants-to-attend-supreme-courts-hearing-on-legality-of-his-tariffs-so-badly-but-wont-not-about-me-its-about-our-country">hear arguments in a case</a> whose decision could have significant reverberations for the global economy.



The 10-year Treasury bond yielded 4.08% and the two-year bond was at 3.58%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 70.1% likelihood of the Federal Reserve cutting the current interest rates during its December meeting. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>0.06%</td></tr><tr><td>S&amp;P 500</td><td>-0.10%</td></tr><tr><td>Nasdaq 100</td><td>-0.22%</td></tr><tr><td>Russell 2000</td><td>0.11%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPY">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Wednesday. The SPY was down 0.16% at $674.13, while the QQQ declined 0.34% to $617.15, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



<h2 class="wp-block-heading">Stocks In Focus</h2>



<h2 class="wp-block-heading">Advanced Micro Devices</h2>



<ul class="wp-block-list">
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) fell 2.81% in premarket on Wednesday despite better-than-expected financial results for the third quarter. It said it expects fourth-quarter revenue of approximately $9.6 billion, plus or minus $300 million.</li>
</ul>



<ul class="wp-block-list">
<li>Benzinga&#8217;s Edge Stock Rankings indicate that AMD maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5-1024x158.png" alt="Benzinga's Edge Stock Rankings for AMD." class="wp-image-1148833" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5-768x118.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042701/AMD-EDGE-NOV-5.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">Qualcomm</h2>



<ul class="wp-block-list">
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QCOM">QCOM</a>) was 0.42% lower ahead of its earnings scheduled to be released after the closing bell. Analysts expect it to report earnings of $2.87 per share on revenue of $10.77 billion.</li>
</ul>



<ul class="wp-block-list">
<li>QCOM maintained a stronger price trend over the short, medium, and long terms, with a solid growth ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="162" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1-1024x162.png" alt="Benzinga's Edge Stock Rankings for QCOM." class="wp-image-1148831" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1-1024x162.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1-768x121.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042614/QCOM-EDGE-NOV-5-1.png 1159w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Robinhood Markets</h2>



<ul class="wp-block-list">
<li>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HOOD">HOOD</a>) was 0.66% higher as analysts expect it to report earnings of $0.53 per share on the revenue of $1.21 billion after the closing bell.</li>
</ul>



<ul class="wp-block-list">
<li>It maintained a stronger price trend over the long, short, and medium terms, with a poor value ranking. Additional performance details, as per Benzinga's Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5-1024x158.png" alt="Benzinga's Edge Stock Rankings for HOOD." class="wp-image-1148830" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5-768x118.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042556/HOOD-EDGE-NOV-5.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Pinterest</h2>



<ul class="wp-block-list">
<li>Pinterest Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PINS">PINS</a>) tumbled 18.90% as it posted downbeat earnings for the third quarter with revenue of $1.05 billion, in line with analysts&#8217; estimates. The idea discovery platform company&#8217;s adjusted earnings of 38 cents per share missed analyst estimates of 42 cents per share.</li>
</ul>



<ul class="wp-block-list">
<li>PINS maintains a weaker price trend over the short, medium and long term, with a poor quality ranking. Additional information is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="157" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE--1024x157.png" alt="Benzinga's Edge Stock Rankings for PINS." class="wp-image-1148829" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE--1024x157.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE--300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE--768x118.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042542/PINS-EDGE-.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">McDonald&#8217;s</h2>



<ul class="wp-block-list">
<li>McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MCD">MCD</a>) slipped 0.36% before it is expected to report earnings of $3.33 per share on revenue of $7.09 billion before the opening bell.</li>
</ul>



<ul class="wp-block-list">
<li>MCD maintained a weaker price trend over short, medium, and long terms, with a strong growth ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="155" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5-1024x155.png" alt="Benzinga's Edge Stock Rankings for MCD." class="wp-image-1148823" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5-1024x155.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5-768x116.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/05042505/MCD-EDGE-NOV-5.png 1150w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Cues From Last Session</h2>



Sectors posting the biggest losses on Tuesday included communication services, consumer discretionary, and information technology, leading most S&amp;P 500 sectors to close on a negative note.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-2.04%</td><td>23,348.64</td></tr><tr><td>S&amp;P 500</td><td>-1.17%</td><td>6,771.55</td></tr><tr><td>Dow Jones</td><td>-0.53%</td><td>47,085.24</td></tr><tr><td>Russell 2000</td><td>-1.78%</td><td>2,427.34</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Insights From Analysts</h2>



BlackRock maintains a positive, overweight outlook on U.S. stocks, identifying the artificial intelligence theme as a powerful market driver. The firm's &#8220;Weekly commentary&#8221; highlights that recent &#8220;solid tech earnings&#8221; show &#8220;how the AI buildout remains a key equity driver.&#8221;



This is evidenced by mega-cap tech firms like Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOG">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOGL">GOOGL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/META">META</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/META">META</a>) significantly upping their capex spending on AI infrastructure, a trend BlackRock expects to continue.



This optimistic equity stance is &#8220;supported by Federal Reserve rate cuts.&#8221; While the Fed signaled a pause, BlackRock&#8217;s view is, &#8220;we think it will likely cut again,&#8221; likely in December. The rationale is that a &#8220;softening labor market gives the Fed space to cut.&#8221;



Economically, BlackRock anticipates &#8220;a notable slowing of activity without recession,&#8221; a scenario that it believes should support U.S. stocks. While acknowledging that &#8220;policy-driven volatility and supply-side constraints are pressuring growth,&#8221; the firm ultimately believes the powerful AI mega-force will continue to support corporate earnings.



BlackRock&#8217;s tactical view concludes that U.S. valuations are backed by &#8220;stronger earnings and profitability relative to other developed markets.&#8221;



See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How to Trade Futures</a>



<h2 class="wp-block-heading">Upcoming Economic Data</h2>



Here's what investors will be keeping an eye on Wednesday;



<ul class="wp-block-list">
<li>October&#8217;s ADP employment data will be out by 8:15 a.m., S&amp;P final U.S. services PMI by 9:45 a.m., and October&#8217;s ISM services data by 10:00 a.m. ET.</li>
</ul>



<h2 class="wp-block-heading">Commodities, Gold, Crypto, And Global Equity Markets</h2>



Crude oil futures were trading higher in the early New York session by 0.18% to hover around $60.67 per barrel.



Gold Spot US Dollar rose 1.31% to hover around $3,983.52 per ounce. Its last record high stood at $4,381.6 per ounce. The U.S. Dollar Index spot was 0.09% lower at the 100.1370 level.



Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was trading 1.92% lower at $101,947.22 per coin.



Asian markets closed lower on Wednesday, except China&#8217;s CSI 300 index. South Korea's Kospi, Japan's Nikkei 225, Australia's ASX 200, Hong Kong's Hang Seng, and India&#8217;s NIFTY 50 indices fell. European markets were also lower in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/11/48645965/jim-chanos-warns-iren-taking-all-the-risk-in-9-7-billion-microsoft-ai-pact-deal-will-decrease-eps">Jim Chanos Warns IREN Taking &#8216;All The Risk&#8217; In $9.7 Billion Microsoft AI Pact: &#8216;Deal Will Decrease EPS&#8217;</a></li>
</ul>



Photo courtesy: Shutterstock

Analyst Color

Earnings

Equities

Macro Economic Events

Market Summary

Short Sellers

Guidance

Futures

Commodities

Treasuries

Econ #s

Economics

Federal Reserve

Pre-Market Outlook

Markets

Trading Ideas

$BTC

GOOG

GOOGL

HOOD

NVDA

PINS

PLTR

QCOM

Stock Market Today: S&P 500, Nasdaq Futures Slip Amid Mixed Trade—McDonald's, AMD, Qualcomm, Robinhood In Focus

Zohran Mamdani challenged President Donald Trump in his victory speech, as <a href="https://www.benzinga.com/news/politics/25/11/48643743/zohran-mamdani-wins-nyc-mayor-race-abigail-spanberger-becomes-virginias-first-female-governor-in-historic-democratic-win">other winning Democratic candidates</a>, Virginia&#8217;s Rep. Abigail Spanberger and New Jersey&#8217;s  Rep. Mikie Sherrill, vowed economic prosperity for their states.



<h2 class="wp-block-heading">Mamdani Wins In &#8216;City Of Immigrants&#8217;</h2>



Democratic socialist Mamdani won New York City&#8217;s mayoral race with a campaign focused on free childcare, fast buses, city-run grocery stores, and a rent freeze. An immigrant himself and the city's youngest and first Muslim leader, Mamdani declared New York a &#8220;city of immigrants&#8221;. 



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="LIVE: Zohran Mamdani delivers victory speech in New York City" width="500" height="281" src="https://www.youtube.com/embed/y7ysB8KifC8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



The 34-year-old told NYC residents, &#8220;We have toppled a political dynasty.&#8221;



He also invoked the words of India&#8217;s first Prime Minister, Jawaharlal Nehru, from his historic 1947 "Tryst With Destiny" address, calling this &#8220;a moment [that] comes but rarely in history.&#8221;



Mamdani then <a href="https://www.benzinga.com/news/politics/25/10/48166395/nyc-mayoral-candidate-zohran-mamdani-calls-letitia-james-indictment-political-retribution-under-trump-administration">openly challenged</a> President Donald Trump, saying, &#8220;Donald Trump, since I know you're watching, I have four words for you: turn the volume up.&#8221; 



Meanwhile, Trump posted: &#8220;AND SO IT BEGINS!&#8221;



<h2 class="wp-block-heading">Virginia&#8217;s Spanberger Calls To End Shutdown</h2>



In Virginia, Spanberger secured a historic win, becoming the state&#8217;s first female governor. She focused her campaign on economic, public safety, and healthcare issues. 



"In 2025, Virginia chose pragmatism over partisanship,&#8221; said Spanberger in her victory speech.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="FULL SPEECH: Abigail Spanberger victory speech after winning Virginia governor&#039;s race" width="500" height="281" src="https://www.youtube.com/embed/TbzQLkv5QbE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



As an incoming governor, the Democrat said, &#8220;&#8230;this was never about just winning an election. It was about what comes next. It's about the governing."&nbsp;



Spanberger also urged Trump and lawmakers from both parties to come together to resolve the federal <a href="https://www.benzinga.com/markets/macro-economic-events/25/11/48594325/when-goverment-shutdown-ends-odds-kalshi-goldman-sachs-economic-outlook">government shutdown</a>, which has now lasted for more than a month.



See Also: <a href="https://benzinga.com/news/topics/25/11/48627600/billionaire-sam-altman-says-his-own-son-wont-ever-be-smarter-than-ai-but-hell-still-be-happy-because-its-the-only-world-theyll" target="_blank" rel="noreferrer noopener">Billionaire Sam Altman Says His Own Son &#8216;Won&#8217;t Ever Be Smarter Than AI&#8217; — But He&#8217;ll Still Be Happy Because &#8216;It&#8217;s The Only World They&#8217;ll Ever Know&#8217;</a>



<h2 class="wp-block-heading">New Jersey&#8217;s Mike Sherrill Promises &#8216;Different Future&#8217; </h2>



Similarly, in New Jersey, Sherrill won the governor&#8217;s office. She emphasized the importance of the election in the context of democracy and the MAGA movement. Sherill adhered to moderate policies and focused on cost-of-living issues, introducing measures to tackle the state's soaring utility costs.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="New Jersey Governor-elect Mikie Sherrill (D) Victory Speech" width="500" height="281" src="https://www.youtube.com/embed/A4bKczOjSZI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



Sherrill slammed Trump for &#8220;cutting SNAP, ripping away healthcare, terminating gateway,&#8221; and pledged to &#8220;fight&nbsp;for a different future&#8221; for the children of New Jersey, and to &#8220;build prosperity for all of&nbsp;our citizens.&#8221; 



She told New Jersey residents on Tuesday night, "take oaths to the Constitution, not a king."



<h2 class="wp-block-heading">A Comeback For Democrats?</h2>



This is the <a href="https://www.benzinga.com/news/politics/25/11/48643743/zohran-mamdani-wins-nyc-mayor-race-abigail-spanberger-becomes-virginias-first-female-governor-in-historic-democratic-win">first major electoral test</a> in Trump&#8217;s second term, where Democrats swept the major races in Virginia, New Jersey, and New York City, while voters in California approved a new congressional map that could help Democrats win five more House seats next year.



Trump attributed the GOP losses <a href="https://www.benzinga.com/news/politics/25/11/48644215/zohran-mamdanis-historic-victory-earns-him-congratulations-from-bill-ackman-bernie-sanders-trump-wasnt-on-the-ballot-says-president">to his absence</a> from the ballot and the impact of a prolonged federal shutdown.



While Mamdani&#8217;s win was historic, there could be challenges waiting for him. New York Gov. Kathy Hochul has opposed Mamdani&#8217;s idea of taxing the rich. She reiterated her stance in late October at Fox News's  <a href="https://www.youtube.com/watch?v=1bUkB-558O0" target="_blank" rel="noreferrer noopener">"Raging Moderates</a>" podcast, saying, "I also have to balance governing this state and making sure that those people who are actually the reason we have a generous, supportive budget that helps lift people up, it's their revenues that we tax."



Meanwhile, Spanberger and Sherrill minimized their emphasis on progressive causes such as LGBTQ rights and opposition to Trump's efforts to undermine American institutions. Spanberger seldom mentioned Trump during her campaign and chose not to participate in any of the <a href="https://www.benzinga.com/news/politics/25/10/48292902/donald-trump-faces-no-kings-day-protests-as-millions-march-nationwide-gop-stays-silent-amid-authoritarianism-claims">"No Kings" demonstrations</a> against him.



READ NEXT:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/11/48613063/trump-renews-push-to-scrap-nyc-congestion-fee-says-its-killing-the-city">Trump Renews Push To Scrap NYC Congestion Fee, Says It&#8217;s &#8216;Killing&#8217; The City</a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

News

Politics

Zohran Mamdani Tells Trump 'To Turn The Volume Up' As Spanberger, Sherrill Promise 'Pragmatism' And 'Prosperity' In Victory Speeches

US Transportation Secretary Sean Duffy has slammed the Democratic Party amid the government shutdown, highlighting delays and hinting at airspace closure. The shutdown has entered its 35th day <a href="https://www.benzinga.com/news/politics/25/10/47961129/us-government-shuts-down-as-trumps-last-ditch-effort-fails-from-jobs-to-travel-and-more-heres-the-potential-impact">since kicking into effect</a> on October 1.



<h2 class="wp-block-heading">May Be Forced To Close Airspace, Says Duffy</h2>



Duffy on Tuesday warned that the government might be forced to close parts of the national airspace amid the shutdown, according to a Reuters report.



&#8220;You will see mass flight delays. You&#8217;ll see mass cancellations, and you may see us close certain parts of the airspace, because we just cannot manage it,&#8221; Duffy said at a press conference, as per the report.



<h2 class="wp-block-heading">46% Delays Due To Shutdown, Says Duffy</h2>



Duffy pointed out that over 46% of the delays on November 3rd were due to staffing shortages, in a post on the social media platform X on Tuesday, sharing a video of the White House Press Secretary Karoline Leavitt slamming the Democrats ahead of the Thanksgiving holiday season.



&#8220;It is only going to get worse the longer the shutdown goes and the holiday travel season approaches,&#8221; Duffy said, urging Democrats to &#8220;END THE SHUTDOWN and pay our controllers.&#8221;



It&#8217;s worth noting that official FAA data shows that there were about 11,000 Certified Professional Controllers in the U.S. employed by the agency, who face paycheck issues amid the shutdown. 80% of the staff in New York City were absent, according to the FAA, last week. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yesterday 46% of flight delays were due to staffing issues in air traffic control towers.   This is UNACCEPTABLE! <a href="https://twitter.com/PressSec?ref_src=twsrc%5Etfw">@PressSec</a> is right: It is only going to get worse the longer the shutdown goes and the holiday travel season approaches. Democrats need to END THE SHUTDOWN and pay… <a href="https://t.co/o57XGSOAqr">pic.twitter.com/o57XGSOAqr</a>&mdash; Secretary Sean Duffy (@SecDuffy) <a href="https://twitter.com/SecDuffy/status/1985806308998537404?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading"></h2>



<h2 class="wp-block-heading">‘Schumer-Jefferies Shutdown'</h2>



Duffy also criticized the Democrats for affecting recruitment. "The damage from the Schumer-Jeffries shutdown is REAL and will be LONG-TERM," Duffy said. He added that the DoT was on the lookout for the "best and the brightest air traffic controllers," citing President Donald Trump's comments.



However, Duffy outlined that the ongoing shutdown has affected "the pipeline" of recruits, saying that paycheck uncertainties have affected potential candidates to reconsider becoming ATCs. "The consequences don't lift when the government re-opens," Duffy said.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The damage from the Schumer-Jeffries shutdown is REAL and will be LONG-TERM. <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> and I are bringing in the BEST and BRIGHTEST air traffic controllers. But the Democrats' shutdown is chilling our recruitment as potential controllers consider the possibility that they won't… <a href="https://t.co/4sbJlMdSp7">pic.twitter.com/4sbJlMdSp7</a>&mdash; Secretary Sean Duffy (@SecDuffy) <a href="https://twitter.com/SecDuffy/status/1985786618964283786?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Republicans Have Gone Too Far, Says Hakeem Jeffries</h2>



Meanwhile, in an address to the media, House Minority Leader Hakeem Jeffries slammed the Republicans and Trump over the shutdown. "There's nothing to be optimistic about… Donald Trump shut the government down, forcing hundreds of thousands of people to be out on furlough or to work without pay," Jeffries said. He added that the results of the elections would "decisively reflect" that the Republicans have "gone way too far."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/dTZERcjLn1">https://t.co/dTZERcjLn1</a>&mdash; Hakeem Jeffries (@RepJeffries) <a href="https://twitter.com/RepJeffries/status/1985755754540708251?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



It's worth noting that Democratic Mayoral candidate Zohran Mamdani <a href="https://www.benzinga.com/news/politics/25/11/48643743/zohran-mamdani-wins-nyc-mayor-race-abigail-spanberger-becomes-virginias-first-female-governor-in-historic-democratic-win">won the NYC Mayoral Race</a>, beating former New York State Governor Andrew Cuomo. Abigail Spanberger (D-Va.) also claimed victory and became Virginia&#8217;s first female governor.



<h2 class="wp-block-heading">NYC Officials Warn Of Delays, Sean Duffy Says ATCs Working Gig Economy Jobs</h2>



The news comes as officials in NYC <a href="https://www.benzinga.com/news/travel/25/11/48582775/as-government-shutdown-enters-33rd-day-nyc-officials-warn-of-potential-delays-ground-stoppage-at-newark-airport">warned of delays and cancellations</a> amid staff shortages at Newark Airport. Officials also warned that delays at Newark would also potentially affect operations at JFK, as well as LaGuardia airports in the city.



Meanwhile, Duffy claimed that ATCs working without paychecks were resorting to driving for DoorDash Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/DASH">DASH</a>) and Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UBER">UBER</a>) to <a href="https://www.benzinga.com/news/travel/25/10/48295748/sean-duffy-says-air-traffic-controllers-working-without-pay-doing-gigs-to-put-food-on-the-table-as-staffing-shortages-hit-major-airports">"put food on the table."</a>



Robert Isom, CEO of American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AAL">AAL</a>), on the other hand, said that the company is in <a href="https://www.benzinga.com/news/politics/25/10/48400651/american-airlines-ceo-in-constant-contact-with-sean-duffy-amid-shutdown-hopeful-that-government-will-reopen-soon">constant contact with Duffy</a>, working to find solutions amid delays and staff shortages, urging lawmakers to reopen the government.



Elsewhere, Jeffries and Senate Majority Leader Chuck Schumer criticized Trump's <a href="https://www.benzinga.com/news/politics/25/11/48577698/hakeem-jeffries-chuck-schumer-blast-trumps-white-house-bathroom-makeover-millions-of-americans-will-face-quadruple-health-insurance-premiums">decision to renovate the White House bathroom</a>, with Jeffries saying that millions of Americans would face "double, triple, or even quadruple health insurance premiums as a result of the Republican shutdown."



Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/10/48453735/ross-gerber-sounds-alarm-as-air-traffic-controllers-will-stop-getting-paid-amid-the-shutdown-thanksgiving-travel-season-is-just-around-the-corner">Ross Gerber Sounds Alarm As Air Traffic Controllers Will ‘Stop Getting Paid' Amid The Shutdown: ‘Thanksgiving Travel Season Is Just Around The Corner'</a></li>
</ul>



Photo courtesy: Joshua Sukoff / Shutterstock.com

SPACE

DASH

UBER

Sean Duffy Warns US May Be Forced To Close Some Airspace If Government Shutdown Continues: 'It's Only Going To Get Worse'

Editor's Note: Updates have been made to include recent developments. On Tuesday, Wall Street futures edged lower as Abigail Spanberger (D-Va.) made history in Virginia, defeating Republican Lt. Gov. Winsome Earle-Sears to become the state's first female governor in a closely watched race that flipped control of the governor's mansion. In New York, Democratic contender Zohran Mamdani won against former Gov. Andrew Cuomo.



<h2 class="wp-block-heading">Spanberger's Win Marks Major Shift in Virginia Politics</h2>



Former congresswoman Spanberger secured a decisive victory over Winsome Earle-Sears, earning 56.1% of the vote compared to her Republican opponent's 43.7%, <a href="https://apnews.com/live/2025-election-updates-news">according</a> to the Associated Press.



The win represents a significant Democratic comeback in the commonwealth, where local issues are intertwined with the national political climate.



President Donald Trump's influence over the Republican Party may have hindered Earle-Sears' chances, the report said.



See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/10/48549464/jim-cramer-says-apple-bears-owe-us-an-explanation-after-q4-report-dan-ives-calls-earnings-pound-the-table-moment-for-the-stock" target="_blank" rel="noreferrer noopener">Jim Cramer Says Apple Bears ‘Owe Us An Explanation' After Q4 Report, Dan Ives Calls Earnings ‘Pound-The-Table Moment' For The Stock</a>



<h2 class="wp-block-heading">Markets Dip As Investors React To Political Uncertainty</h2>



U.S. stock futures were trading lower at the time of writing, with Dow futures slipping 94 points, or 0.2%, to 47,114. S&amp;P 500 futures fell 0.7% to 6,775.50, while Nasdaq futures dropped 1.07% to 25,301.50.



The drop also comes amid <a href="https://www.benzinga.com/markets/equities/25/11/48614075/stock-market-today-sp-500-dow-jones-nasdaq-futures-plunge-as-uber-misses-q3-estimates-advanced-micro-devices-palantir-dennys-in-focus">growing talk of a potential AI bubble</a>, intensified by "Big Short" investor Michael Burry's purchase of more than $1 billion in put options on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) and Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>).



<h2 class="wp-block-heading">Mikie Sherrill Wins New Jersey's Gubernatorial Race</h2>



In New Jersey's 2025 gubernatorial race, Democratic Rep. Mikie Sherrill emerged victorious, according to the Associated Press, with 63% of votes counted.



Sherrill secured 57.0% of the vote, defeating Republican Jack Ciattarelli, who received 42.5%.



<h2 class="wp-block-heading">Mamdani Set To Become New York Mayor</h2>



The highly anticipated New York City mayoral race wrapped up tonight, featuring Democratic nominee Mamdani, former Gov. Cuomo running as an independent, and Republican Curtis Sliwa.&nbsp;Mamdani has won the race, according to the Associated Press. The democrat socialist will become New York&#8217;s first Muslim mayor and first person of South African heritage to hold the post, according to the report. He is also reportedly set to become the youngest Mayor of New York in more than a 100 years. Notably, the contest attracted a large turnout with nearly 2 million New Yorkers exercising their right to vote.



President Donald Trump has endorsed Cuomo in the mayoral race.



<h2 class="wp-block-heading">Abbott's Tariff Remark On New Yorkers Moving To Texas Draws Backlash</h2>



Gov. Greg Abbott (R-Texas) sparked controversy late Tuesday after posting on X, formerly Twitter, that he would "impose a 100% tariff on anyone moving to Texas from NYC" once polls closed. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">After the polls close tomorrow night, I will impose a 100% tariff on anyone moving to Texas from NYC.&mdash; Greg Abbott (@GregAbbott_TX) <a href="https://twitter.com/GregAbbott_TX/status/1985417851037991321?ref_src=twsrc%5Etfw">November 3, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read More:



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<li><a href="https://www.benzinga.com/markets/equities/25/11/48585829/palantirs-cto-shyam-sankar-warns-us-might-no-longer-frighten-its-adversaries-weve-lost-deterrence-as-a-nation" target="_blank" rel="noreferrer noopener">Palantir&#8217;s CTO Shyam Sankar Warns US Might No Longer Frighten Its Adversaries: ‘We&#8217;ve Lost Deterrence As A Nation&#8217;</a></li>
</ul>



Photo Courtesy: Lev Radin on Shutterstock.com



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Zohran Mamdani Wins NYC Mayor Race, Abigail Spanberger Becomes Virginia's First Female Governor In Historic Democratic Win (UPDATED)

A&nbsp;United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UPS">UPS</a>)&nbsp;cargo plane has reportedly crashed shortly after departing from Louisville, Ky., as confirmed by the Federal Aviation Administration. The incident took place&nbsp;after 5 p.m. local time&nbsp;on Tuesday.



<h2 class="wp-block-heading">Shelter-In-Place Order Issued</h2>



The aircraft, identified as UPS Flight 2976,&nbsp;was headed to Daniel K.&nbsp;Inouye International Airport in Honolulu, <a href="https://edition.cnn.com/2025/11/04/us/ups-plane-crash-louisville-airport">reported</a> CNN. The&nbsp;National Transportation Safety Board&nbsp;will lead the investigation, with assistance from the FAA. The&nbsp;Louisville Metro Police Department&nbsp;reported injuries and noted a large smoke plume near the&nbsp;Louisville Muhammad Ali International Airport.



Three crew members were on board,&nbsp;according to a statement from&nbsp;UPS, which has not confirmed any injuries or fatalities. The Louisville airport, a global hub for UPS, processes over two million packages daily at its Worldport facility. 



LMPD said on X that the accident site was an &#8220;active scene&#8221; and advised members of the public to stay away from fire and debris.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is an active scene with fire and debris. Stay away.&mdash; LMPD (@LMPD) <a href="https://twitter.com/LMPD/status/1985837646124380525?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



A shelter-in-place order has been issued for areas within a five-mile radius of the airport. Videos seen on social media show a huge fire in the affected area.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Injuries have been reported after a UPS plane heading to Honolulu, Hawaii, crashed near the Louisville International Airport on Tuesday, according to police. The Louisville Metro Police Department described the scene as active with "fire and debris," warning residents to stay… <a href="https://t.co/oYz9JeTdGM">pic.twitter.com/oYz9JeTdGM</a>&mdash; CBS News (@CBSNews) <a href="https://twitter.com/CBSNews/status/1985852116166951314?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">McDonnell Douglas MD-11F Popular As Freighters</h2>



The McDonnell Douglas MD-11F involved in the crash was manufactured in 1991. Initially, a passenger aircraft, many of these planes were converted to freighters due to rising fuel costs. The plane is capable of carrying over 38,000 gallons of fuel and has a maximum takeoff weight of 633,000 pounds. Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BA">BA</a>) took over McDonnell Douglas in August 1997.



<h2 class="wp-block-heading">Other Significant Incidents In 2025</h2>



The crash of the UPS cargo plane is the latest in a series of aviation incidents this year. On Oct. 19, 2025, a Boeing cargo plane operated by Emirates <a href="https://www.benzinga.com/news/travel/25/10/48294979/boeing-cargo-plane-veers-off-runway-at-hong-kong-airport-claims-two-lives">veered off the runway</a> at Hong Kong International Airport, resulting in two fatalities.



Just a day earlier, on Oct. 18, 2025, two <a href="https://www.benzinga.com/news/travel/25/10/48291559/united-airlines-plane-hits-parked-jet-at-ohare-all-passengers-safe">United Airlines</a> jets collided at Chicago O&#8217;Hare International Airport, though no injuries were reported.



Earlier in the year, on June 12, a Boeing Dreamliner <a href="https://www.benzinga.com/markets/equities/25/06/45899174/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedabad-ba-stock-falls-over-5-in-thursday-pre-market">crashed shortly</a> after takeoff near India&#8217;s Ahmedabad airport, impacting Boeing&#8217;s stock significantly. The flight en route to London had 242 passengers on board.



Price Action: UPS stock fell 1.6% to $91.75 in the after-hours trading. The shares closed 0.9% lower at $93.25 in regular trading on Tuesday. Boeing shares ended the day almost 3.2% lower at $198.05, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110425&amp;t=be2bearmibe3na1">data from Benzinga Pro.</a>



Benzinga's Edge Stock Rankings indicate UPS stock has Quality in the 46th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Here is how UPS ranks</a> on other parameters.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="337" height="105" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04192630/Screenshot-2025-11-05-at-9.26.10.png" alt="" class="wp-image-1147986" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04192630/Screenshot-2025-11-05-at-9.26.10.png 337w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04192630/Screenshot-2025-11-05-at-9.26.10-300x93.png 300w" sizes="(max-width: 337px) 100vw, 337px" /></a></figure>



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Photo Courtesy: Your Hand Please on Shutterstock.com



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Tech

UPS Cargo Plane Crashes Near Louisville Airport, Shelter-In-Place Order Issued Amid Fire And Debris

Leading cryptocurrencies sank deeper into misery on Tuesday, while stocks also closed down.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 8:25 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-7.06%</td><td>$99,477.87</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-12.48%</td><td>$3,183.64</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-8.72%</td><td>$2.13</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-9.94%</td><td>$150.48</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-6.65%</td><td>$0.1579</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Crypto Liquidations Top $2 Billion</h2>



Bitcoin crashed below $100,000 for the first time since early May, a sharp U-turn from its all-time highs only a month ago. The apex cryptocurrency&#8217;s trading volume surged 47% in the last 24 hours to a whopping $111 billion.



Bitcoin&#8217;s drop caused tremors across the market, with Ethereum plummeting over 12% and nearly sinking below $3,000. XRP and Dogecoin fell 8.72% and 6.65%, respectively.



A liquidation tsunami swept across the market, wiping off more than $2 billion in the last 24 hours. Long liquidations accounted for $1.70 billion.



Bitcoin's open interest plummeted 6% in the last 24 hours, while funds locked in Ethereum derivatives dropped by over 18%.



Interestingly, over 72% of Binance traders with open BTC positions were betting on the asset&#8217;s bullish recovery.



Top Gainers (24 Hours)&nbsp;



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency (Market Cap&gt;$100 M)</th><th>Gains +/-</th><th>Price (Recorded at 8:25 p.m. ET)</th></tr></thead><tbody><tr><td>Momentum (MMT )&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+319.89%</td><td>$2.06</td></tr><tr><td>DeAgentAI (AIA)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+127.06%</td><td>$2.69</td></tr><tr><td>Giggle Fund (GIGGLE )&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+67.12%</td><td>$100.88 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.31 trillion, collapsing by 6.52% in the last 24 hours.



<h2 class="wp-block-heading">Stocks Pressured By Palantir&#8217;s Decline</h2>



Stocks declined on Tuesday. The Dow Jones Industrial Average slipped 251.44 points, or 0.53%, to end at 47,085.24. The S&amp;P 500 fell 1.17% to close at 6,771.55, while the tech-focused Nasdaq Composite closed down 2.04% at 23,348.64.



The downsides came as Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>) shares <a href="https://www.benzinga.com/markets/equities/25/11/48629095/whats-going-on-with-palantir-technologies-stock-today-11">tumbled nearly 8% </a>despite the company's strong quarterly results.



Meanwhile, spot gold traded up 0.26% to $3,942.97, while the <a href="https://www.benzinga.com/topic/dollar-index#:~:text=The%20U.S.%20dollar%20commenced%20the,COVID%2D19%20cases%20in%20China.&amp;text=Dollar%20Index%20Up%2018%25%20In%202022.">U.S. dollar index </a>rose to a three-month high.



<h2 class="wp-block-heading">Analyst Expects BTC To Trade In This Range In Near Term</h2>



Lacie Zhang, Research Analyst at Bitget Wallet, said in a note to Benzinga that Bitcoin could trade within a $94,000–$118,000 range in the near term



"The lower bound represents a healthy retracement zone consistent with subdued ETF inflows, while the upper range reflects a measured recovery below the October high near $125,000," Zhang added.



The analyst projected Ethereum to fluctuate between $3,000 and $4,400.



On-chain analytics firm Santiment noticed a sharp increase in bearish social media commentary on Bitcoin and Ethereum, which has historically preceded market bottoms and relief rallies.



"Bitcoin&#8217;s drop to $98,900 and Ethereum&#8217;s to $3,090&nbsp; may have your timeline showing fellow traders left in shambles. But social data indicates there are still many buying dips with confidence," Santiment said.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f631; Bitcoin&#39;s drop to $98.9K and Ethereum&#39;s to $3.09K may have your timeline showing fellow traders left in shambles. But social data indicates there are still many buying dips with confidence. We look at <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>, <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, &amp; <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> sentiment after the bloodbath. &#x1f447;<a href="https://t.co/smG1LYyI77">https://t.co/smG1LYyI77</a> <a href="https://t.co/SdEusnzXUv">pic.twitter.com/SdEusnzXUv</a>&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1985875807923761280?ref_src=twsrc%5Etfw">November 5, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: vinnstock on Shutterstock.com



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Cryptocurrency

Movers

$DOGE

$ETH

$SOL

$XRP

Bitcoin Drowns Below $100,000; Ethereum, XRP, Dogecoin Also Fall: Analytics Firm Says Many Still 'Buying Dips With Confidence'

Wall Street faced a harsh reality check Tuesday as investors bailed on this year's most overbought tech stocks, erasing over $500 billion in market value <a href="https://www.benzinga.com/markets/earnings/25/11/48631295/markets-today-tuesday-wall-street-palantir-earnings-bitcoin-selloff-cryptocurrency-crypto-ethereum-price-today-uber">in just one day.</a>



At the center of the selloff was Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>), plunging 9.3% by afternoon in New York, even after topping analyst forecasts and raising its full-year outlook.



The reaction speaks volumes about where sentiment now stands: strong earnings are no longer good enough when your stock has already soared 170% <a href="https://www.benzinga.com/markets/tech/25/11/48623094/palantir-stock-earnings-reports-reaction-ai-government-defense-contracts-outlook">in less than a year.</a>



<h2 class="wp-block-heading">AI Euphoria Cracks: $500 Billion Erased From Wall Street&#8217;s Favorite Tech Stocks</h2>



After hitting record highs Monday and boasting a 40% year-to-date gain, the Global X Artificial Intelligence &amp; Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/AIQ">AIQ</a>) slid 3.6% Tuesday, as some of its top-performing holdings erased over half a trillion dollars in what appears—for now—to be a robust pullback.



<ul class="wp-block-list">
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) dropped 3.7%, losing $180.3 billion</li>



<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOGL">GOOGL</a>) fell 2.3%, erasing $76.9 billion</li>



<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TSLA">TSLA</a>) sank 4.5%, shedding $67 billion</li>



<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMZN">AMZN</a>) declined 1.8%, wiping out $48.3 billion</li>



<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>) plunged 8.8%, cutting $39.4 billion</li>



<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AVGO">AVGO</a>) dropped 2%, down $33.7 billion</li>



<li>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSFT">MSFT</a>) dipped 0.9%, losing $33.7 billion</li>



<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ORCL">ORCL</a>) fell 3.9%, trimming $27.6 billion</li>



<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/META">META</a>) dropped 1.2%, shedding $19.6 billion</li>



<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MU">MU</a>) tumbled 6.1%, erasing $15.1 billion</li>



<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) slid 2.9%, down $11.9 billion</li>



<li>Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UBER">UBER</a>) declined 5.7%, losing $11.1 billion</li>



<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SHOP">SHOP</a>) dropped 5%, cutting $10.6 billion</li>



<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/INTC">INTC</a>) fell 5.4%, wiping out $9.7 billion</li>



<li>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NOW">NOW</a>) slid 3.7%, down $6.8 billion</li>



<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CSCO">CSCO</a>) declined 2.3%, shedding $6.7 billion </li>
</ul>



<h2 class="wp-block-heading">A Valuation Check Long Overdue?</h2>



Some analysts highlight that Tuesday&#8217;s selloff it was only a matter of time. 



The Shiller CAPE ratio—a widely followed measure of long-term market valuation—climbed to 40.95 this week, its highest reading since August 2000, just before the dot-com bubble burst.



At these levels, history hasn't been kind to investors.



"We believe today's valuations might serve as a helpful indicator of longer-term stock market performance," said Phil Wool, chief research officer at Rayliant Research. 



Wool pointed to Robert Shiller's historical data, which shows that when CAPE exceeds 30x, "stock returns over the next 10 years have been slightly negative to low single digits."



Wool urged caution, pointing to international equities as a potential source of better value. The MSCI World ex-USA Index currently trades at a CAPE of just over 20, roughly in line with its 20-year average—far cheaper than the U.S. benchmark.



<blockquote class="twitter-tweet">U.S. Stocks Move Closer to Dot-Com Bubble Valuations The S&amp;P 500's surge has pushed valuations near dot-com bubble levels. While investors cheer record highs, the cyclically adjusted P/E ratio (CAPE)—Shiller's long-term measure of market pricing—has reached its second-highest… <a href="https://t.co/pppwI4L3QF">pic.twitter.com/pppwI4L3QF</a>&mdash; Rayliant (@rayliant) <a href="https://twitter.com/rayliant/status/1985766313021882545?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>



Read now:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/11/48630140/south-korea-stock-market-rally-2025-sk-hynix-samsung-electronics-ai-nvidia-ewy-e">World&#8217;s Hottest Stock Market Is Crushing Wall Street—And It&#8217;s Not What You&#8217;d Expect</a></li>
</ul>



Image: Shutterstock

Large Cap

Sector ETFs

Analyst Ratings

ETFs

AMZN

AVGO

CSCO

INTC

MSFT

ORCL

SHOP

TSLA

AI Stocks Wipe Out Over $500B As Palantir Reminds Traders The Party Can't Last Forever

Bitcoin tapped the $100,000 level on Tuesday, triggering over $1 billion in liquidations amid continued ETF outflows. 



Major altcoins including Ethereum, XRP, and Dogecoin have plunged around 10%, while the Crypto Fear and Greed Index has dropped to 27, signaling growing market fear.  



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$101,137.01</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,297.69</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$155.65</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.19</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.1589</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.058815</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 335,064 traders were liquidated in the past 24 hours for $1.27 billion.        </li>



<li>In the past 24 hours, top gainers include Decred, Internet Computer and Dash.</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48626786/ripple-expands-institutional-footprint-as-xrp-drops-below-2-30">Ripple Expands Institutional Footprint As XRP Drops Below $2.30</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48620626/donald-trump-says-china-is-getting-big-into-crypto-right-now-but-is-that-true">Donald Trump Says China &#8216;Is Getting Big Into Crypto Right Now&#8217;—But Is That True?</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48630583/mstr-drops-below-250-as-strategy-announces-new-bitcoin-linked-stock-offering">MSTR Drops Below $250 As Strategy Announces New Bitcoin-Linked Stock Offering</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48613531/amazon-google-deals-boosted-cipher-minings-credibility-says-ceo-but-admits-bias-linked-to-bitcoin-mining-background">Amazon, Google Deals Boosted Cipher Mining&#8217;s Credibility, Says CEO, But Admits &#8216;Bias&#8217; Linked To Bitcoin Mining Background</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48617413/bitcoins-downtrend-explained-by-wall-street-vet-its-an-ipo-style-distribution">Bitcoin&#8217;s Downtrend Explained By Wall Street Vet: It&#8217;s An &#8216;IPO-Style Distribution&#8217;</a></li>
</ul>



Trader Notes: IncomeSharks <a href="https://x.com/IncomeSharks/status/1985747047790809589">noted</a> that Bitcoin is holding above $100,000 despite widespread panic, viewing this level as a key support zone that could spark a rebound or "spring" to higher prices.



Crypto chart analyst Ali Martinez echoed this sentiment, suggesting Bitcoin could bounce toward $106,500 or even $112,000 as momentum builds.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> could rebound here to at least $106,500 or $112,000. <a href="https://t.co/BaWBJ7VCTx">pic.twitter.com/BaWBJ7VCTx</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1985760737424269366?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Castillo Trading <a href="https://x.com/CastilloTrading/status/1985761652852330498">described</a> the current setup as a "do or die" moment for Bitcoin after clearing all nPOC zones from May to October, potentially paving the way for a more sustainable upward move.



Michael van de Poppe <a href="https://x.com/CryptoMichNL/status/1985765737663996352">highlighted</a> that Bitcoin's liquidity from the Oct. 10 crash could serve as a crucial point for a bounce or bottom formation, emphasizing that $112,000 remains the level to reclaim for any attempt at new all-time highs. He called this as a &#8220;disastrous start of the month.&#8221;



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48623944/bitcoin-whales-continue-to-sell-heres-what-it-means-for-the-bull-market">Bitcoin Whales Continue To Sell—Here&#8217;s What It Means For The Bull Market</a></li>
</ul>

$SHIB

Bitcoin Plunges To $100,000 As $1 Billion In Liquidations Hit XRP, ETH, Dogecoin

Back in September 2020, when the world was under lockdowns, <a href="https://www.benzinga.com/topic/inflation">inflation</a> wasn't even considered "transitory" yet, and most of Wall Street was stocking up on hand sanitizers to make bold predictions — BCA Research did precisely that.



The firm <a href="https://www.linkedin.com/feed/update/urn:li:activity:7389447714087993344/">called</a> for the market to shrug off all the near-term and long-term concerns and more than double within the decade. They set a target for SPX to reach 7,000 by 2028. The logic was simple. A "structurally constructive" U.S. equity view, betting on peak-cycle earnings of $310 and a P/E of 23. They advised a long-short trade. Long 14 laggard "back-to-work" stocks and short 14 Covid-era high-flyers.



At the time, that sounded borderline reckless. The global economy had stuttered, oil prices had plummeted, and everyone was debating what the eventual reopening would look like. Five years later, here we are — the S&amp;P 500 is less than 2% away from 7,000. So, what's BCA Research saying now?



<h3 class="wp-block-heading">The Current Outlook</h3>



The tone has shifted. Their latest <a href="https://www.bcaresearch.com/marketing/insights">outlook</a> isn't about risk appetite but managing fragility. The firm sees weakening U.S. growth momentum, falling oil prices, and a Federal Reserve that's easing into softness. The market narrative has flipped from "how high can rates go" to "how many cuts will it take to keep things steady."



BCA's macro team says the data looks wobbly. Fewer soft indicators are improving, hard data is losing traction, and the Fed's next meetings are likely to keep easing.



In that environment, they're not chasing risk — neutral equities, overweight government bonds, or underweight credit. It's a defensive stance, but not one of doom and gloom. The goal? Protect capital until growth stops eroding.



<h3 class="wp-block-heading">Gold Is Solid, AI Needs Time, Rate Cuts Do Less Than Expected</h3>



BCA Research is staying constructive on gold. Strategist Chester Ntonifor <a href="https://www.linkedin.com/posts/bca-research_bcacotw-activity-7390341854258569216-baMT?utm_source=social_share_send&amp;utm_medium=member_desktop_web&amp;rcm=ACoAABxm8IkB2DbyJlhqoKMEiWjWhWOHCVOzJlw">argues</a> the recent correction isn't structural — just a pullback after a big run. Central banks are still buying, real yields aren't a headwind, and the gold/S&amp;P ratio suggests portfolio hedging isn't overcrowded yet. Gold has room to shine more.



On the tech side, Miroslav Aradski from BCA's Global Investment Strategy team <a href="https://www.linkedin.com/posts/bca-research_bcacotw-activity-7385268419891478528-2bKa?utm_source=social_share_send&amp;utm_medium=member_desktop_web&amp;rcm=ACoAABxm8IkB2DbyJlhqoKMEiWjWhWOHCVOzJlw">says</a> the AI story is real — but not ready to pay real dividends.



Companies are struggling to turn AI investment into profit. High costs, competitive intensity, and scaling friction mean this isn't the next internet boom… at least not yet. "The experimentation phase is over," Aradski notes. "Now comes the slow grind of operational reality."



And for all those betting that rate cuts will save the cycle, Ryan Swift, BCA's bond strategist, has a reality check.



"The labor market's slowdown is a bigger force than a few rate cuts," he <a href="https://www.linkedin.com/posts/bca-research_chief-strategist-for-us-bonds-ryan-swift-activity-7384226549824323585-OmiA?utm_source=social_share_send&amp;utm_medium=member_desktop_web&amp;rcm=ACoAABxm8IkB2DbyJlhqoKMEiWjWhWOHCVOzJlw">says</a>, clarifying that interest rate impact outside of real estate is not that big.



Cuts may come — maybe four next year — but they're unlikely to be magic bullets. The real easing, he adds, might not even kick in until 2026.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/10/48425464/trump-inherited-this-terrible-affordability-crisis-from-the-biden-says-scott-bessent-says-overall-inflation-has-come-down">Trump &#8216;Inherited This Terrible Affordability Crisis&#8217; From Biden, Says Scott Bessent: Says &#8216;Overall&#8217; Inflation Has Come Down</a></li>
</ul>



Image: Shutterstock

Bonds

S&P 500 At 7,000? This Team Called It Five Years Ago—Their Latest Outlook Might Surprise You

On Tuesday, Pfizer Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PFE">PFE</a>) reported third-quarter 2025 adjusted earnings of 87 cents, compared to $1.06 a year ago, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/11/48612898/pfizer-gears-up-for-q3-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts" rel="noreferrer noopener">consensus of 63 cents</a>.



<ul class="wp-block-list">
<li>PFE shares are experiencing downward pressure. <a href="https://www.benzinga.com/quote/PFE" target="_blank" rel="noreferrer noopener">Get the inside scoop here</a></li>
</ul>



Pfizer's third-quarter sales fell 6% year over year to $16.65 billion, beating the consensus of $16.59 billion. The revenue reflected an <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">operational decline of 7%</a>.



The operational decrease was primarily driven by a year-over-year decline in COVID-19 product revenues, mainly due to lower infection rates.



Also Read: <a target="_blank" href="https://www.benzinga.com/news/legal/25/11/48589754/pfizer-accuses-novo-nordisk-of-antitrust-violations-in-metsera-takeover-battle" rel="noreferrer noopener">Pfizer Accuses Novo Nordisk Of Antitrust Violations In Metsera Takeover Battle</a>



It impacted Paxlovid demand, as well as a narrower vaccine recommendation for COVID-19 in the U.S. that reduced the eligible population for Comirnaty.



<h2 class="wp-block-heading">Core Drugs</h2>



Heart drug Vyndaqel family sales increased 7% operationally, to $1.59 billion. The growth was driven largely by strong demand and continued uptake in patient diagnoses, primarily in the U.S. and certain international developed markets, as well as improved patient affordability in the U.S.



Cancer drug Ibrance sales fell 5% to $1.06 billion.



Blood thinner Eliquis revenues increased 22% operationally to <a target="_blank" href="https://www.benzinga.com/pressreleases/25/11/b48615892/pfizer-reports-solid-third-quarter-2025-results-raises-and-narrows-2025-eps-guidance" rel="noreferrer noopener">around $2.02 billion</a>, driven primarily by higher demand globally and favorable net price in the U.S. The growth was partially offset by generic entry and price erosion in certain international markets.



Comirnaty <a target="_blank" href="https://s206.q4cdn.com/795948973/files/doc_financials/2025/q3/Q3-2025-PFE-Earnings-Release-FINAL.pdf" rel="noreferrer noopener">sales</a> were $1.15 billion, down 20% operationally. The decline was mainly due to a narrower recommendation for vaccination in the U.S., as well as delayed approval of the new variant vaccine.



Paxlovid sales were down 55% operationally to $1.23 billion, primarily driven by lower COVID-19 infections across U.S. and international markets, as well as lower international government purchases.



<h2 class="wp-block-heading">Outlook</h2>



Pfizer raises fiscal 2025 adjusted earnings guidance <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/08/46859410/pfizer-cost-cut-initiatives-more-than-offset-tariffs-impact-raises-outlook" rel="noreferrer noopener">from $2.90-$3.10 per share</a> to $3.00-$3.15, <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus consensus of $3.04</a>.



The U.S. drug giant reaffirms its fiscal 2025 sales guidance of $61 billion to $64 billion, versus the consensus of $62.88 billion.



The company's guidance absorbs the impact of the currently imposed tariffs from China, Canada, and Mexico.



PFE Price Action: Pfizer shares were down 1.05% at $24.40 at the time of publication on Tuesday, <a target="_blank" href="https://www.benzinga.com/pro/" rel="noreferrer noopener">according to Benzinga Pro data</a>.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/11/48613730/trumps-trade-deal-with-china-could-send-this-amazon-rival-soaring-big-spike-in-growth-metrics" target="_blank" rel="noreferrer noopener">Trump's Trade Deal With China Could Send This Amazon Rival Soaring: Big Spike In Growth Metrics</a></li>
</ul>



Image via Shutterstock

Biotech

Health Care

General

Pfizer's Core Drugs Offset COVID Revenue Drop, Lifts 2025 Profit Outlook Despite Tariffs

Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SRPT">SRPT</a>) stock fell sharply Tuesday following disappointing results from a key clinical trial and ongoing concerns about its drug pipeline. However, "Pharma Bro" Martin Shkreli said he still<a href="https://www.benzinga.com/trading-ideas/movers/25/11/48608201/sarepta-therapeutics-stock-is-tumbling-after-the-close-heres-why"> likes the stock.&nbsp;</a>



<ul class="wp-block-list">
<li>SRPT stock is crashing. <a href="https://www.benzinga.com/quote/SRPT">See the real-time price action here. </a></li>
</ul>



Sarepta's Phase 3 ESSENCE study, which tested Amondys 45 and Vyondys 53 as treatments for Duchenne muscular dystrophy, failed to meet its primary endpoint of showing clear benefit over placebo.&nbsp;



Read Next: <a href="https://www.benzinga.com/markets/tech/25/11/48609597/michael-burry-is-super-bearish-on-palantir-with-5-million-puts">Michael Burry Is Super-Bearish On Palantir — With 5 Million Puts</a>



The trial failure intensified doubts about Sarepta's future in the DMD sector, and the stock fell dramatically on Tuesday, down more than 33% in midday trading.&nbsp;



Shkreli, ever the contrarian, jumped in with positivity as others were selling the stock.&nbsp;



"I still like SRPT. It&#8217;s been a hell of a year for them," he said in <a href="https://x.com/MartinShkreli/status/1985689943021072579">a post </a>on X.&nbsp;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">i still like <a href="https://twitter.com/search?q=%24SRPT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SRPT</a>. it&#39;s been a hell of a year for them.&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1985689943021072579?ref_src=twsrc%5Etfw">November 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



He's not kidding —&nbsp;it has been a hell of year for Sarepta.&nbsp;



Back in July, Sarepta announced the withdrawal of its Elevidys gene therapy following three patient deaths linked to acute liver failure.​



Sarepta's broader gene therapy and RNA drug pipeline is now under increased scrutiny by both regulators and investors due to the clinical and safety setbacks, eroding confidence in the company's future prospects.



Sarepta shares have now fallen more than 85% year-to-date.&nbsp;



SRPT Price Action: According to data from<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw"> Benzinga Pro</a>, Sarepta Therapeutics shares were down 33.7% at $16.21 at the time of publication Tuesday.&nbsp;



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/11/48597210/iren-and-cipher-bag-billion-dollar-ai-deals-whats-next">IREN, Cipher Bag Billion-Dollar AI Deals: Which Company Is Next?</a></li>
</ul>



Photo: Shutterstock&nbsp;

SRPT

Sarepta Stock Dumps: Pharma Bro Martin Shkreli Still Likes It

Uber Technologies&nbsp;(NYSE:&nbsp;UBER) stock declined on Tuesday after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/11/b48616042/uber-announces-results-for-third-quarter-2025" rel="noreferrer noopener">its fiscal third-quarter</a> 2025&nbsp;results.



<ul class="wp-block-list">
<li>UBER shares are sliding on disappointing news. <a href="https://www.benzinga.com/quote/UBER" target="_blank" rel="noreferrer noopener">Track the action here</a></li>
</ul>



The company reported a 20% year-over-year (Y/Y) revenue growth to $13.47 billion, surpassing the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a> of $13.28 billion.



Uber reported adjusted EPS of 81 cents, which beat the&nbsp;analyst consensus estimate&nbsp;of 69 cents.



Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/09/47737475/uber-bets-on-drones-with-flytrex-deal-to-speed-up-deliveries-and-cut-costs" rel="noreferrer noopener">Uber Bets On Drones With Flytrex Deal To Speed Up Deliveries And Cut Costs</a>



<h2 class="wp-block-heading">Key Metrics</h2>



Revenue from Mobility grew to $7.68 billion, up 20% Y/Y. Delivery&nbsp;was $4.48 billion, up 29%, and Freight was $1.31 billion, flat Y/Y.



Gross Bookings grew 21%&nbsp;Y/Y&nbsp;to $49.74 billion. Mobility Gross Bookings of $25.11 billion, up 20%&nbsp;Y/Y; Delivery Gross Bookings of $23.32 billion, up 25%; and Freight Gross Bookings of $1.31 billion, flat Y/Y.



Trips grew 22% Y/Y to 3.5 billion. Uber's Monthly Active Platform Consumers reached 189 million, up 17% Y/Y.



Uber clocked an Adjusted EBITDA of $2.26 billion, up 33% Y/Y, driven by Mobility. The&nbsp;Adjusted EBITDA margin as a percentage of Gross Bookings was 4.5%, up from 4.1% Y/Y.



As of September 30, 2025, Uber held $9.1 billion in unrestricted cash and equivalents and generated $2.2 billion in free cash flow.



Uber CEO Dara Khosrowshahi said the company accelerated its growth in the third quarter, achieving one of the largest increases in trip volume in its history.



He emphasized that Uber is building on this momentum by deepening customer relationships, advancing its local commerce strategy, and expanding investments in AI and autonomous technology.



<h2 class="wp-block-heading">Outlook</h2>



Uber&nbsp;expects&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">fiscal fourth-quarter</a> 2025&nbsp;gross bookings of $52.25 billion-$53.75 billion (implying 17%-21% growth) and adjusted EBITDA of $2.41 billion-$2.51 billion (signifying 31%-36% growth).



<h2 class="wp-block-heading">Conference Call</h2>



At the company's conference call, Uber Technologies' CEO said he expects robotaxis to remain unprofitable for a few years. He also expects millions in cost savings, which will be passed on to customers across the U.S. next year through lower fares.



The company also stated on the conference call that it is working to launch an Uber Elite product within the next quarter or two.



UBER Price Action: Uber Technologies shares were down 8.43% at $91.31 at the time of publication on Tuesday, <a target="_blank" href="https://www.benzinga.com/pro/" rel="noreferrer noopener">according to Benzinga Pro data</a>.



Read Next:



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<li><a href="https://www.benzinga.com/markets/tech/25/10/48303957/lucid-taps-nba-stars-jalen-brunson-josh-hart-to-rev-up-brand" target="_blank" rel="noreferrer noopener">Lucid Taps NBA Stars Jalen Brunson And Josh Hart To Rev Up Brand</a></li>
</ul>



Photo via Shutterstock

Uber's Strong Performance Gets Overshadowed By CEOs Robotaxi Comment

Richard (Dick) Bruce Cheney, the 46th vice president of the U.S., who demonstrated an unwavering belief in American exceptionalism and the necessity of strong leadership, has died. He was 84 years old.



According to a statement from his family, Cheney died from complications of pneumonia and cardiac and vascular disease.



&#8220;Dick Cheney was a great and good man who taught his children and grandchildren to love our country, and to live lives of courage, honor, love, kindness, and fly fishing,&#8221; the statement said. &#8220;We are grateful beyond measure for all Dick Cheney did for our country. And we are blessed beyond measure to have loved and been loved by this noble giant of a man.&#8221;



Cheney was born on Jan. 30, 1941, in Lincoln, Nebraska, to Richard Herbert Cheney, who worked for the U.S. Department of Agriculture as a soil conservation agent, and Marjorie Lorraine. Raised in Casper, Wyoming, Cheney attended Natrona County High School and excelled academically. He enrolled at Yale University but struggled to adapt to the rigorous academic environment and dropped out after a short period.



Determined to succeed, Cheney later attended the University of Wyoming, earning a bachelor's degree in political science in 1965 and a master's degree in political science in 1966.



Cheney began his career in politics as an intern for Congressman William A. Steiger (R-Wis.). This experience, combined with his studies, piqued his interest in public service. In 1969, Cheney joined the Nixon administration, working under Donald Rumsfeld at the Office of Economic Opportunity. His competence and political acumen quickly propelled him up the ranks.



By 1975, Cheney had become the White House Chief of Staff under President Gerald Ford, a pivotal role during a turbulent time in American politics. Cheney earned a reputation for his calm demeanor and ability to navigate political crises.



In 1978, Cheney was elected to represent Wyoming in the U.S. House of Representatives. He served six terms from 1979 to 1989. During his tenure, Cheney established himself as a staunch conservative and a reliable advocate for limited government and strong national defense. He served on key committees, including the House Intelligence Committee, where he gained expertise in security and foreign policy.



Cheney's work in Congress included support for the Reagan administration's policies and an unwavering commitment to a robust military. His leadership skills were recognized when he was elected House Minority Whip in 1988, a role in which he demonstrated his ability to unify his party.



In 1989, President George H.W. Bush appointed Cheney as Secretary of Defense, a role that would define much of his legacy. Cheney oversaw significant events during his tenure, including the U.S. military invasion of Panama in 1989 to oust dictator Manuel Noriega. His most notable achievement was managing the Gulf War in 1991.



Under Cheney's leadership, the U.S. military executed Operation Desert Storm, a coalition effort to liberate Kuwait from Iraqi occupation. Cheney worked closely with Gen. Colin Powell and other military leaders to ensure a swift and decisive victory, solidifying America's dominance on the global stage. The operation was widely regarded as a success, with minimal U.S. casualties and widespread public support.



Cheney also managed the post-Cold War drawdown of U.S. military forces, navigating budget cuts while maintaining the nation's defense capabilities. His tenure as Secretary of Defense earned him the Presidential Medal of Freedom in 1991.



<h3 class="wp-block-heading">Private Sector Career</h3>



After leaving the Pentagon, Cheney entered the private sector, serving as CEO of Halliburton, a multinational energy services company, from 1995 to 2000. At the company, Cheney expanded Halliburton's operations and oversaw significant mergers and acquisitions, transforming the company into a major player in the oil and gas industry.



Cheney's time at Halliburton was not without controversy. Critics questioned the company's dealings with governments in sanctioned countries and its reliance on government contracts.



<h3 class="wp-block-heading">Vice Presidency (2001-2009)</h3>



In 2000, Cheney was selected as George W. Bush's running mate in the presidential election. The Bush-Cheney ticket won a contentious election, and Cheney was sworn in as the 46th vice president on Jan. 20, 2001. His vice presidency was one of the most consequential and controversial in American history.



The terrorist attacks of Sept. 11, 2001, transformed Cheney's vice presidency into a critical leadership role. Cheney was instrumental in shaping the Bush administration's response to the attacks, including the invasion of Afghanistan to dismantle al-Qaeda and the subsequent invasion of Iraq in 2003. Cheney's unwavering belief in the necessity of preemptive action against perceived threats defined the administration's foreign policy.



Cheney was a strong advocate for expanding executive power in the name of national security. He supported enhanced interrogation techniques, the use of warrantless surveillance and the establishment of the Guantanamo Bay detention camp. While these measures were criticized by civil liberties advocates, Cheney defended them as necessary to protect the nation.



Domestically, Cheney played a key role in energy policy, advocating for increased domestic oil and gas production. His ties to the energy industry, particularly Halliburton, led to criticism that he prioritized corporate interests over environmental concerns. Nevertheless, Cheney's influence ensured that energy policy remained a central focus of the administration.



Cheney's time as vice president was marked by significant controversy. His involvement in promoting the Iraq War, particularly the claim that Iraq possessed weapons of mass destruction, drew widespread criticism when those claims proved unfounded. Cheney's former ties to Halliburton also raised questions about conflicts of interest, especially as the company received lucrative government contracts during the Iraq War.



Cheney's views on same-sex marriage ran counter to that of the Republican Party, no doubt in support of his daughter Mary, who is gay.



<h3 class="wp-block-heading">Later Years and Legacy</h3>



After leaving office in 2009, Cheney remained an influential figure in Republican politics and a vocal critic of the Obama administration's foreign policy. He published his memoir, "In My Time: A Personal and Political Memoir," in 2011, offering a robust defense of his decisions and policies.



Cheney faced significant health challenges throughout his life, including multiple heart attacks, starting at the age of 37. In 2012, he underwent a heart transplant, which greatly improved his quality of life.



Despite his health issues, Cheney has remained active in public life, frequently appearing in media interviews and political events. 



Director Adam McKay depicted his career and vice presidency in the 2018 film &#8220;Vice.&#8221; Actor Christian Bale portrayed Cheney and was nominated for an Academy Award. 



In the 2024 presidential election, Cheney said he would vote for Vice President Kamala Harris, warning that Trump "can never be trusted with power again," said CNN.



Cheney is survived by his wife, Lynne, and two daughters, Liz Cheney and Mary Cheney, and seven grandchildren. Liz Cheney, followed in his footsteps, serving as a congresswoman from Wyoming and emerging as a prominent voice within the Republican Party, particularly her own dislike of Donald Trump and the danger he posed to the presidency.



Image: Shutterstock

Dick Cheney, Former US Vice President, Dies At 84

(Editor&#8217;s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)



U.S. stock futures declined on Tuesday after Monday&#8217;s mixed moves. Futures of major benchmark indices were lower.



The declines come as chatter around an <a href="https://www.benzinga.com/markets/equities/25/11/48612258/michael-burry-warns-ai-boom-is-repeat-of-2000s-dot-com-bust-after-revealing-1-billion-bearish-bet-on-pltr-nvda">AI bubble gained more ground</a>, with Michael Burry, known for his "Big Short" bet against the 2008 housing market, buying <a href="https://www.benzinga.com/markets/tech/25/11/48609597/michael-burry-is-super-bearish-on-palantir-with-5-million-puts">put options worth over $1 billion</a> on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) and Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>).



Meanwhile, the U.S. Government shutdown stretched into its 34th day, with experts warning that the economic consequences are <a href="https://www.benzinga.com/markets/macro-economic-events/25/11/48610714/mohamed-el-erian-warns-government-shutdown-damage-is-intensifying-the-long-this-persists-the-slower-and-less-complete-the-bounce-back">becoming more severe</a> as the standoff continues. 



The 10-year Treasury bond yielded 4.08% and the two-year bond was at 3.58%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 70.1% likelihood of the Federal Reserve cutting the current interest rates during its December meeting. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>-1.02%</td></tr><tr><td>S&amp;P 500</td><td>-1.33%</td></tr><tr><td>Nasdaq 100</td><td>-1.67%</td></tr><tr><td>Russell 2000</td><td>-1.81%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPY">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Tuesday. The SPY was down 1.07% at $676.01, while the QQQ declined 1.36% to $623.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Stock Market News Today &#x7C; Uber, AMD, Denny&#039;s In Focus &#x7C; Nov 4, 2025" width="500" height="281" src="https://www.youtube.com/embed/bLaMv2QDx2A?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



<h2 class="wp-block-heading">Stocks In Focus</h2>



<h2 class="wp-block-heading">Advanced Micro Devices</h2>



<ul class="wp-block-list">
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) fell 2.22% in premarket on Tuesday ahead of its earnings scheduled to be released after the closing bell. Analysts expect it to report earnings of $1.16 per share on revenue of $8.74 billion.</li>
</ul>



<ul class="wp-block-list">
<li>Benzinga&#8217;s Edge Stock Rankings indicate that AMD maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href=" https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="156" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050812/AMD-EDGE-NOV-4-1024x156.png" alt="Benzinga's Edge Stock Rankings for AMD." class="wp-image-1146519" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050812/AMD-EDGE-NOV-4-1024x156.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050812/AMD-EDGE-NOV-4-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050812/AMD-EDGE-NOV-4-768x117.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050812/AMD-EDGE-NOV-4.png 1159w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Upwork</h2>



<ul class="wp-block-list">
<li>Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/UPWK">UPWK</a>) jumped 18.30% after reporting better-than-expected third-quarter financial results and issuing fourth-quarter guidance above estimates. Also, the company raised its FY25 guidance above estimates.</li>
</ul>



<ul class="wp-block-list">
<li>UPWK maintained a stronger price trend over the short, medium, and long terms, with a solid growth ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="152" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050841/UPWK-EDGE--1024x152.png" alt="Benzinga's Edge Stock Rankings for UPWK." class="wp-image-1146522" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050841/UPWK-EDGE--1024x152.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050841/UPWK-EDGE--300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050841/UPWK-EDGE--768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050841/UPWK-EDGE-.png 1152w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Denny's Corporation</h2>



<ul class="wp-block-list">
<li>Denny's Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/DENN">DENN</a>) surged 49.15% after the company announced late Monday it had entered a definitive agreement to be acquired and taken private for approximately $620 million.</li>
</ul>



<ul class="wp-block-list">
<li>It maintained a stronger price trend over the long, short, and medium terms, with a moderate growth ranking. Additional performance details, as per Benzinga's Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050910/DENN-EDGE-1-1024x158.png" alt="Benzinga's Edge Stock Rankings for DENN." class="wp-image-1146523" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050910/DENN-EDGE-1-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050910/DENN-EDGE-1-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050910/DENN-EDGE-1-768x118.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050910/DENN-EDGE-1.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Palantir Technologies</h2>



<ul class="wp-block-list">
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>) tumbled 7.51% despite strong earnings as Burry&#8217;s Scion Asset Management purchased $186.58 million worth of put options.</li>
</ul>



<ul class="wp-block-list">
<li>PLTR maintains a strong price trend over the short, medium and long term, with a poor value ranking. Additional information is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href=" https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="161" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050922/PLTR-EDGE-NOV.-4-1024x161.png" alt="Benzinga's Edge Stock Rankings for PLTR." class="wp-image-1146524" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050922/PLTR-EDGE-NOV.-4-1024x161.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050922/PLTR-EDGE-NOV.-4-300x47.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050922/PLTR-EDGE-NOV.-4-768x121.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050922/PLTR-EDGE-NOV.-4.png 1150w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Uber Technologies</h2>



<ul class="wp-block-list">
<li>Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UBER">UBER</a>) dropped 2.47% after it reported revenue of $11.2 billion, missing the $13.27 billion estimate, and its gross bookings grew 16% year-over-year to $41 billion, missing the management outlook between $48.25 billion and $49.25 billion.</li>
</ul>



<ul class="wp-block-list">
<li>UBER maintained a stronger price trend over short, medium, and long terms, with a strong growth ranking. Additional performance details, as per Benzinga&#8217;s Edge Stock Rankings, are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here.</a></li>
</ul>



<figure class="wp-block-image size-large"><a href=" https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="153" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050957/UBER-EDGE-NOV.-4-1024x153.png" alt="Benzinga's Edge Stock Rankings for UBER." class="wp-image-1146526" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050957/UBER-EDGE-NOV.-4-1024x153.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050957/UBER-EDGE-NOV.-4-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050957/UBER-EDGE-NOV.-4-768x115.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04050957/UBER-EDGE-NOV.-4.png 1150w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Cues From Last Session</h2>



Sectors gaining on Monday included consumer discretionary and information technology stocks.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>0.46%</td><td>23,834.72</td></tr><tr><td>S&amp;P 500</td><td>0.17%</td><td>6,851.97</td></tr><tr><td>Dow Jones</td><td>-0.48%</td><td>47,336.68</td></tr><tr><td>Russell 2000</td><td>-0.33%</td><td>2,471.24</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Insights From Analysts</h2>



According to the LPL Financial commentary, the outlook for the economy and stock market is mixed, as &#8220;monetary policy is less predictable, trade risks are easing, and earnings are surprising to the upside&#8221;.



The Federal Reserve delivered an expected 0.25% rate cut and ended its quantitative tightening (QT) program. However, Fed Chair Powell's subsequent warning that a December rate cut is &#8220;not a foregone conclusion, far from it&#8221; caught markets off guard and reduced visibility.



While a new U.S.-China trade truce provides a tailwind for corporate earnings and third-quarter results have been strong, the stock market rally is showing &#8220;structural cracks&#8221;.



Gains have been highly concentrated in a few mega-cap stocks, and investors are beginning to demand a &#8220;show me story&#8221; for the massive return on AI investments.



This narrow leadership has created a &#8220;growing divergence between price and breadth,&#8221; which introduces the &#8220;risk of a potential false breakout&#8221;. Given these conflicting signals, LPL's allocation committee maintains a &#8220;tactical neutral stance on equities,&#8221; suggesting a &#8220;selective and tactical approach may be warranted&#8221; heading into year-end.



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



<h2 class="wp-block-heading">Upcoming Economic Data</h2>



Here's what investors will be keeping an eye on Tuesday;



<ul class="wp-block-list">
<li>Fed Vice Chair for Supervision Michelle Bowman will speak at 6:35 a.m. ET and September&#8217;s U.S. trade deficit, factory orders, and job openings data will be delayed because of the shutdown.</li>
</ul>



<h2 class="wp-block-heading">Commodities, Gold, Crypto, And Global Equity Markets</h2>



Crude oil futures were trading lower in the early New York session by 1.64% to hover around $60.05 per barrel.



Gold Spot US Dollar fell 0.35% to hover around $3,997.17 per ounce. Its last record high stood at $4,381.6 per ounce. The U.S. Dollar Index spot was 0.12% higher at the 99.9940 level.



Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was trading 3.26% lower at $103,715.47 per coin.



Asian markets closed lower on Tuesday, including South Korea's Kospi, Japan's Nikkei 225, Australia's ASX 200, Hong Kong's Hang Seng, India&#8217;s NIFTY 50, and China&#8217;s CSI 300 indices. European markets were also lower in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/11/48613223/jim-cramer-says-forget-coreweave-as-he-reverses-on-iren-nebius-past-doubts-dont-matter-amid-that-much-demand">Jim Cramer Says Forget CoreWeave As He Reverses On IREN, Nebius: Past Doubts &#8216;Don&#8217;t Matter,&#8217; Amid &#8216;That Much Demand&#8217;</a></li>
</ul>



Photo courtesy: godongphoto / Shutterstock.com

Regulations

DENN

UPWK

Stock Market Today: S&P 500, Nasdaq Futures Fall As Uber Drops Nearly 6% After Q3 Miss—AMD, Palantir, Denny's In Focus (UPDATED)

Several prominent analysts are weighing in on Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMD">AMD</a>) ahead of the company&#8217;s third-quarter results on Tuesday.



<h2 class="wp-block-heading">&#8216;Exceptionally Positioned&#8217; For The AI Supercycle</h2>



According to Bank of America analyst Vivek Arya, AMD is among the top beneficiaries of the multiyear AI infrastructure buildout, pointing to a decade-long cycle fueled by hyperscaler capex and productivity gains across the real economy.



Arya said the AI-driven semiconductor expansion is still in its early innings, potentially lasting "another year to two years and perhaps even till 2030." He emphasized that most infrastructure cycles, such as 3G and 4G, tend to span a decade or more during his recent appearance on CNBC&#8217;s &#8216;Closing Bell Overtime&#8217; last week.



See Also: <a href="https://www.benzinga.com/markets/equities/25/11/48612764/uber-amd-and-3-stocks-to-watch-heading-into-tuesday">Uber, AMD And 3 Stocks To Watch Heading Into Tuesday</a>



He also referred to the company as being &#8220;exceptionally positioned,&#8221; alongside peers such as NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) to ride this multi-year tailwind.



<h2 class="wp-block-heading">Could Hit $300 &#8216;Relatively Quickly&#8217;</h2>



Analyst and investor Keith Fitz-Gerald, of the Fitz-Gerald Group, has a bullish outlook on AMD&#8217;s shares ahead of its third-quarter print. 



He said, &#8220;I&#8217;m expecting this one to go to 300 relatively quickly,&#8221; while appearing on Fox Business&#8217; &#8220;Varney &amp; Co,&#8221; on Monday, which represents an upside of nearly 16% from the stock&#8217;s Monday close at $259.65. 



According to Fitz-Gerald, AMD&#8217;s prospects don&#8217;t rely on the chips, but rather on its full-stack data center strategy, which he believes will be key in the company&#8217;s efforts to catch up with NVIDIA. &#8220;It&#8217;s all going to be in the note steward in the guidance,&#8221; he said, signaling that investors should look closely at its roadmap and competitive positioning.



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I was honoured to be invited back for another conversation with the venerable <a href="https://twitter.com/Varneyco?ref_src=twsrc%5Etfw">@Varneyco</a> this morning ahead of today's opening bell. Palantir and AMD are reporting this week, and he wanted my take on what's next, if I'm buying and where do both companies go from here! &#x1f600;<a href="https://twitter.com/search?q=%24PLTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PLTR</a>… <a href="https://t.co/y9H4Rl5foC">pic.twitter.com/y9H4Rl5foC</a>&mdash; Keith Fitz-Gerald (@fitz_keith) <a href="https://twitter.com/fitz_keith/status/1985384987516968969?ref_src=twsrc%5Etfw">November 3, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">AMD&#8217;s Chips Are &#8216;Catching Fire&#8217;</h2>



Analysts remain focused on the company&#8217;s data center performance, amid its push to secure the No. 2 position in the AI GPU market. Besides this, Ed Carson, a news editor at Investor&#8217;s Business Daily, sees a potential lift from a PC refresh cycle, especially after Microsoft officially ended support for Windows 10 last month. 



On IBD&#8217;s YouTube channel last week, Carson said that AMD&#8217;s &#8220;chips are really catching fire,&#8221; noting that hyperscaler spending from companies like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/META">META</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOG">GOOG</a>), and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSFT">MSFT</a>) remains &#8220;gargantuan.&#8221;



According to Carson, AMD shares are now trading nearly 40% above the 50-day moving average. &#8220;This is one you want to talk about, a stock that&#8217;s extended,&#8221; he said, while noting that &#8220;it's basically quadrupled since April.&#8221;



AMD shares were up 1.38% on Monday, closing at $259.65, and are currently down 2.08% overnight, ahead of its third-quarter results. The stock scores high on Momentum, Growth and Quality in Benzinga&#8217;s Edge Stock Rankings, with a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights on the stock.



<figure class="wp-block-image aligncenter size-large is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04032858/Screenshot-2025-11-04-at-1.58.44-PM-1024x148.png" alt="" class="wp-image-1146353" style="width:823px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04032858/Screenshot-2025-11-04-at-1.58.44-PM-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04032858/Screenshot-2025-11-04-at-1.58.44-PM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04032858/Screenshot-2025-11-04-at-1.58.44-PM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04032858/Screenshot-2025-11-04-at-1.58.44-PM.png 1534w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



Read More: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/11/48613079/amd-hit-with-two-lawsuits-from-adeia-alleging-massive-patent-violations-ahead-of-q3-earnings">AMD Hit With Two Lawsuits From Adeia Alleging Massive Patent Violations Ahead Of Q3 Earnings</a></li>
</ul>



Photo courtesy: Shutterstock

AMD 'Exceptionally Positioned' Ahead Of Q3: Chipmaker Is Just Getting Started In AI Supercycle That Could Run Through 2030, Says BofA's Vivek Arya

Cipher Mining Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CIFR">CIFR</a>)&nbsp;CEO Tyler Page shed light Monday on the substantial benefits the company has reaped from its big-ticket deals with Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMZN">AMZN</a>) and Fluidstack.



<h2 class="wp-block-heading">CEO Acknowledges Bitcoin &#8216;Bias&#8217;</h2>



During the company&#8217;s third-quarter earnings call, Page was asked about the effect these partnerships have had on the company&#8217;s image and credibility.



He pointed out that these collaborations have dispelled previous doubts regarding a former Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) miner&#8217;s capacity to &#8220;attract&#8221; traditional hyperscalers.



&#8220;I cannot tell you how many times we heard, &#8216;No one's ever going to sign at those sites. No one's ever going to sign with a former Bitcoin miner.&#8217; That discussion is now over,&#8221; the CEO said.



He added that a &#8220;traditional bias&#8221; exists against Bitcoin, but that seems to be changing.



&#8220;I think every deal adds credibility with everyone. Deals beget deals,&#8221; Page emphasized, adding that the company is achieving the exact results it aimed for.



See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/11/48581005/michael-saylor-once-called-tom-lee-ethereums-most-influential-spokesperson-whose-presence-brings-trust-to-ecosystem" target="_blank" rel="noreferrer noopener">Michael Saylor Once Called Tom Lee Ethereum&#8217;s &#8216;Most Influential Spokesperson&#8217; Whose Presence Brings &#8216;Trust&#8217; To Ecosystem</a>



<h2 class="wp-block-heading">Cipher Inks Deal With Popular Hyperscalers</h2>



Cipher Mining&#8217;s recent partnerships have been instrumental in its pivot from a Bitcoin miner to an AI-infrastructure provider, including the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47926373/cipher-stock-surged-5-as-google-backed-ai-deal-raises-target">$5.5 billion data center deal </a>with Amazon Web Services and a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47926373/cipher-stock-surged-5-as-google-backed-ai-deal-raises-target">$3 billion, 10-year colocation deal </a>with&nbsp;Fluidstack, including support and partial backing from&nbsp;Google (NASDAQ:&nbsp;GOOGL).



But it's not an isolated case. Across the industry, Bitcoin miners are increasingly converting their facilities into data centers to support high-performance computing and AI-driven services.



<h2 class="wp-block-heading">A Broader Industry-Wide Pivot?</h2>



Riot Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/RIOT">RIOT</a>) CEO said last week that the firm sees BTC mining as a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48552588/bitcoin-mining-not-end-goal-but-means-to-an-end-to-boost-data-center-business-says-riot-platforms-ceo">"means to an end,"</a> supporting its larger goal of data center development.



Analysts estimate&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40599343/amazon-microsoft-and-other-us-tech-giants-compete-with-bitcoin-miners-over-scarce-energy-s" target="_blank" rel="noreferrer noopener">20% of Bitcoin miner power capacity&nbsp;</a>will shift to AI and high-performance computing by the end of 2027.



Cipher reported t<a href="https://www.benzinga.com/markets/earnings/25/11/48590230/cipher-mining-stock-surges-on-5-5-billion-data-center-deal-with-amazon-web-services">hird-quarter revenue</a> of $71.71 million, missing analyst estimates of $78.6 million. However, its adjusted earnings came in at 10 cents per share, beating estimates of a loss of 2 cents per share.



Price Action: Cipher Mining shares dropped 4.22% in after-hours trading after closing 22.04% higher at $22.76 during Monday&#8217;s regular trading session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.



CIFR exhibited a very high momentum score as of this writing. How does it compare with similar cryptocurrency-relted stocks? Visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>&nbsp;to find out.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="966" height="197" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04031617/image-1-13.png" alt="" class="wp-image-1146328" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04031617/image-1-13.png 966w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04031617/image-1-13-300x61.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/04031617/image-1-13-768x157.png 768w" sizes="(max-width: 966px) 100vw, 966px" /></figure>



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/11/48601684/bitcoin-ethereum-xrp-dogecoin-extend-losses-as-crypto-liquidations-surpass-1-billion" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Extend Losses As Crypto Liquidations Surpass $1 Billion &#8211; Benzinga</a></li>
</ul>



Photo courtesy: Shutterstock

CIFR

RIOT

Amazon, Google Deals Boosted Cipher Mining's Credibility, Says CEO, But Admits 'Bias' Linked To Bitcoin Mining Background

Leading cryptocurrencies sank deeper on Monday as the market recorded over $1 billion in liquidations.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:30 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-2.46%</td><td>$106,971.41</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-5.62%</td><td>$3,632.86</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-6.39%</td><td>$2.33</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-10.27%</td><td>$167.42</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-7.55%</td><td>$0.1695</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">&#8216;Extreme Fear&#8217; Back In Crypto </h2>



Bitcoin tumbled below $106,000 as deleveraging continued in the market. The apex cryptocurrency's trading volume more than doubled to $74 billion over the last 24 hours.



Ethereum sank below $3,600 overnight, as trading volume surged significantly, suggesting high selling pressure.



Nearly $1.28 billion was liquidated from the cryptocurrency market in the last 24 hours, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass, with long positions accounting for 90% of the total.



Interestingly, Bitcoin's open interest rose marginally by 0.03% in the last 24 hours. An increase in open interest combined with a decline in price typically indicates the opening of new short positions.



Nearly 70% of Binance traders with open BTC positions were betting on the asset's price increase as of this writing.



The market plunged into "Extreme Fear," according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)&nbsp;



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency (Market Cap&gt;$100 M)</th><th>Gains +/-</th><th>Price (Recorded at 9:30 p.m. ET)</th></tr></thead><tbody><tr><td>Dash (DASH )&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+28.84%</td><td>$117.40</td></tr><tr><td>Zcash (ZEC)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+3.78%</td><td>$428.71</td></tr><tr><td>MemeCore (M )&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.21%</td><td>$2.34 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.55 trillion, shrinking by 0.39% in the last 24 hours.



<h2 class="wp-block-heading">Tech Stocks Rally After Amazon-OpenAI Deal</h2>



Major stock indexes closed in the green on Monday. The S&amp;P 500 rose 0.17% to finish at 6.851.97, while the tech-heavy Nasdaq Composite rallied 0.46% to settle at 23,834.72.



The Dow Jones Industrial Average, on the other hand, slid 226.19 points, or 0.48%, to 47,336.68.



Amazon. Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMZN">AMZN</a>) drove the tech rally, rallying 4% in the regular session after the tech giant <a href="https://www.benzinga.com/markets/tech/25/11/48610228/amazon-strikes-38b-openai-deal-wedbush-hikes-target-to-street-high">struck a $38 billion multi-year partnership</a> with OpenAI to provide computing infrastructure to support the latter's artificial intelligence workloads. The stock closed at a record high.



<h2 class="wp-block-heading">ETH In Final Stage Of Correction?</h2>



Ryan Lee, Chief Analyst at a Universal Exchange Bitget, said in a note to Benzinga that Bitcoin could test resistance at $115,000–$120,000 in the short term if macro sentiment improves, while Ethereum may climb toward $4,200.



"Key catalysts to monitor include upcoming Fed rate decisions, ongoing ETF inflows, and regulatory clarity from global bodies such as the SEC — all of which could accelerate mainstream integration," Lee added.



However, the analyst flagged "geopolitical tensions and unexpected inflation prints" as key downside risks.



Widely followed cryptocurrency commentator Wolf said ETH is entering the "final stage of the correction" and more downsides could be on the way.&nbsp;



"I still expect a sweep of the $3400s… unless ETH can reclaim the 3900s," the analyst predicted



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> UPDATE &#x26a0;&#xFE0F; My base case: we're entering the final stage of the correction that began in August, all part of the bigger picture that started back in the $1500s. I still expect a sweep of the 3400s… unless <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> can reclaim the 3900s. Check the chart &#x1f447; <a href="https://t.co/GNCsX2IShu">pic.twitter.com/GNCsX2IShu</a>&mdash; Wolf &#x1f43a; (@IamCryptoWolf) <a href="https://twitter.com/IamCryptoWolf/status/1985399558034059360?ref_src=twsrc%5Etfw">November 3, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: bitz100 on Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/11/48601127/tether-just-did-what-bitcoin-never-could-become-the-worlds-shadow-central-bank">Tether Just Did What Bitcoin Never Could — Become The World&#8217;s Shadow Central Bank</a></li>
</ul>

Bitcoin, Ethereum, XRP, Dogecoin Plummet As 'Extreme Fear' Grips Investors: Analyst Says ETH Entering 'Final Stage' Of Correction

On Monday, Cathie Wood-led Ark Invest made notable trades, including a significant purchase of Bullish (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BLSH">BLSH</a>) shares and a sell-off of Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>) stock. 



<h2 class="wp-block-heading">The Palantir Technologies Trade</h2>



Ark Invest reduced its holdings in Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>) by selling 38,338 shares through ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKK">ARKK</a>). This move comes after Palantir&#8217;s <a href="https://www.benzinga.com/markets/earnings/25/11/48606874/palantir-q3-earnings-revenue-eps-blow-past-estimates-as-us-commercial-business-booms">impressive third-quarter earnings report</a>, which saw the company exceed analyst expectations. Palantir reported a revenue of $1.18 billion, surpassing the anticipated $1.09 billion, and adjusted earnings of 21 cents per share, beating the forecasted 17 cents per share. The company&#8217;s U.S. commercial revenue soared by 121% year-over-year, reaching $397 million. 



Despite this positive performance, Ark Invest decided to trim its position. At the close of trading on Monday, Palantir&#8217;s stock was priced at $207.18, making the value of the shares sold approximately $7.9 million.



Notably, Cathie Wood's Ark has been <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/10/48548973/cathie-wood-just-dumped-7-4-million-worth-of-palantir-and-amd-shares-heres-what-ark-is-buying-instead">offloading Palantir stock</a>, selling about $3.9 million worth of shares on Thursday alone. The firm executed multiple transactions over the past week, unloading millions of dollars' worth of shares.



<h2 class="wp-block-heading">The Bullish Trade</h2>



Ark Invest made a substantial investment in Bullish (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BLSH">BLSH</a>), acquiring a total of 238,346 shares across ARKK, Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKF">ARKF</a>), and ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/quote/ARKW">ARKW</a>). This purchase follows Bullish&#8217;s <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47050423/peter-thiel-backed-crypto-company-upsizes-ipo-targets-nearly-5-billion-valuation">remarkable IPO</a>, which saw its stock open significantly above its initial offering price. 



Bullish, a cryptocurrency exchange backed by billionaire Peter Thiel, has been a <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/08/47111677/cathie-wood-pounces-on-peter-thiel-backed-bullish-stock-after-wild-ipo-surge-ark-buys-stock-worth-172-22-million">focal point</a> for Ark Invest since its IPO surge. 



The stock closed at $50.26 on Monday, valuing Ark&#8217;s purchase at approximately $11.9 million.



<h2 class="wp-block-heading">Other Key Trades</h2>



<ul class="wp-block-list">
<li>Beam Therapeutics Inc (BEAM): Ark Invest bought 56,833 shares through ARKG and 279,424 shares through ARKK.</li>



<li>Roku Inc (ROKU): Sold 21,793 shares through ARKK.</li>



<li>Guardant Health Inc (GH): Sold 13,426 shares through ARKG.</li>
</ul>



Benzinga&#8217;s Edge Stock Rankings indicate Palantir stock has a Momentum in the 97th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Here is how PLTR is ranked</a> on other metrics.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="441" height="325" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/03203240/Screenshot-2025-11-04-at-10.32.24.png" alt="" class="wp-image-1145747" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/03203240/Screenshot-2025-11-04-at-10.32.24.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/03203240/Screenshot-2025-11-04-at-10.32.24-300x221.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></a></figure>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/11/48582965/ron-desantis-slams-too-big-to-fail-label-for-openai-the-company-hasnt-yet-turned-a-profit-amid-deep-ties-to-big-tech">Ron DeSantis Slams &#8216;Too Big To Fail&#8217; Label For OpenAI: The Company &#8216;Hasn&#8217;t Yet Turned A Profit&#8217; Amid Deep Ties To Big Tech</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>



Photo: ChrisStock82 / Shutterstock.com

ARKF

ARKK

ARKW

BLSH

Cathie Wood Dumps $7.9 Million Worth Of Palantir Stock Despite 121% Revenue Surge — Ark Doubles Down On Peter Thiel's Buzzy Crypto Upstart

On Monday, Jim Cramer weighed in on President Donald Trump's latest comments about restricting <a href="https://www.benzinga.com/markets/tech/25/10/48486650/trump-to-discuss-nvidias-super-duper-ai-chips-with-xi-hints-at-meeting-jensen-huang">high-end AI chip exports</a> to China, saying the policy still leaves Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) with "a lot of latitude" to operate — and does not amount to a full ban.



<h2 class="wp-block-heading">Cramer Addresses Trump's Chip Policy After 60 Minutes Interview</h2>



Cramer took to X, formerly Twitter, to share his interpretation of President Trump's remarks from his "60 Minutes" interview with CBS anchor Norah O&#8217;Donnell.



"The 60 Minutes transcript of President Trump&#8217;s comments leave a lot of latitude for Nvidia and the PRC," Cramer wrote, adding, "Trump seems to have said fine to anything but the most powerful NVDA chips. He has NOT banned Nvidia from China."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The 60 Minutes transcript of President Trump&#39;s comments leave a lot of latitude for Nvidia and the PRC. Trump seems to have said fine to anything but the most powerful NVDA chips. He has NOT banned Nvidia from China&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1985303815826952494?ref_src=twsrc%5Etfw">November 3, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



During the Oct. 31 interview, Trump told O'Donnell that while the U.S. would <a href="https://www.benzinga.com/markets/equities/25/11/48583357/trump-says-will-not-let-anybody-have-nvidia-chips-but-satya-nadella-reveals-msfts-chips-are-lying-in-inventory-due-to-power-shortage">allow Nvidia to continue doing business</a> in China, the administration would restrict sales of its most advanced semiconductors.&nbsp;



"Will not let anybody have them other than the United States," Trump said.



See Also:&nbsp;<a href="https://benzinga.com/markets/large-cap/25/10/48477499/amazon-ups-slash-desk-jobs-ai-is-coming-for-your-manager" target="_blank" rel="noreferrer noopener">Amazon, UPS Slash Desk Jobs: AI Is Coming For Your Manager</a>



<h2 class="wp-block-heading">Jensen Huang Says Nvidia's China Market Share Has Collapsed</h2>



In October, Nvidia CEO Jensen Huang revealed that the company's market share in China had <a href="https://www.benzinga.com/markets/tech/25/10/48291362/jensen-huang-says-nvidia-went-from-95-market-share-to-0-in-china-i-think-its-a-mistake-for-us-not-to">plunged from 95% to zero</a> amid intensifying U.S.-China technology tensions.



Speaking at the Citadel Securities Future of Global Markets 2025 event, Huang said, "At the moment, we are 100% out of China&#8230; I can't imagine any policymaker thinking that's a good idea."



He added that Nvidia's financial forecasts now assume no revenue from China.



<h2 class="wp-block-heading">Huang Warns Against Underestimating China's AI Power</h2>



Huang last week told CNBC that he believes <a href="https://www.benzinga.com/markets/tech/25/11/48577683/nvidias-jensen-huang-downplays-trumps-national-security-concern-says-china-has-plenty-of-its-own-ai-chips-foolish-to-underestimate">China already produces plenty</a> of AI chips and doesn't rely solely on U.S. technology.



He also warned that it would be "foolish to underestimate" Chinese tech leaders like Huawei Technologies, which have rapidly advanced in semiconductor design and AI development.



Nvidia shares rose 2.17% on Monday to close at $206.88, before edging down 0.14% in after-hours trading. Benzinga's Edge Stock Rankings highlight the company's strong Momentum, Growth, and Quality, with a consistently positive price trend across short-, medium-, and long-term time frames. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares</a> with its peers and competitors.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/03205448/Screenshot-2025-11-04-at-6.02.51%E2%80%AFAM-1.png" alt="" class="wp-image-1145794"/></a></figure>



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<li><a href="https://benzinga.com/news/politics/25/10/48562778/nancy-pelosi-marjorie-taylor-greene-are-betting-on-the-same-6-stocks-heres-what-they-know" target="_blank" rel="noreferrer noopener">Nancy Pelosi, Marjorie Taylor Greene Are Betting On The Same 6 Stocks – Here's What They Know</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.



Photo Courtesy: Saulo Ferreira Angelo on Shutterstock.com

Jim Cramer Says Trump Has Not 'Banned' Nvidia From China: President's Comments Leave A 'Lot Of Latitude' For The Tech Giant And Beijing

Wall Street opened the week on a mixed note on Monday. Investors continue to pile into AI-driven mega-cap stocks while taking a more cautious stance on the broader market after last week's unexpectedly <a href="https://www.benzinga.com/markets/economic-data/25/10/48510387/jerome-powell-press-conference-fed-meeting-october-30-interest-rate-outlook-market-reactions">hawkish Federal Reserve meeting.</a>



By midday in New York, the S&amp;P 500 was up 0.2%, the Nasdaq 100 gained 0.6%, and both the Dow Jones Industrial Average and Russell 2000 edged lower. Among the Magnificent Seven, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>) jumped 3.3%, lifting its market capitalization to $5.08 trillion and further cementing its dominance. 



Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMZN">AMZN</a>) extended its post-earnings surge, climbing another 4.7% after Friday's 9.6% rally — its strongest two-day performance since November 2022. 



Kenvue Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/KVUE">KVUE</a>) was the standout gainer of the day, soaring 16% after Kimberly-Clark Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/KMB">KMB</a>) announced a $48.7 billion takeover at $21.01 per share. Kimberly-Clark shares sank 13% on the news. 



In earnings, IDEXX Laboratories Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/IDXX">IDXX</a>) rose 14% after beating Wall Street estimates and raising its full-year profit outlook. 



<h2 class="wp-block-heading">Commodities </h2>



U.S. natural gas futures at Henry Hub climbed 3% to above $4.20 per MMBtu, the highest since late March, driven by stronger heating demand and forecasts for colder weather. Natural gas producers Antero Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/AR">AR</a>) and EQT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/EQT">EQT</a>) gained 5% and 3.3%, respectively. West Texas Intermediate crude added 0.5% to $61 a barrel, as OPEC+ paused output increases amid slowing demand expectations and a looming supply glut.



Metals were muted, with gold steady at $4,000 per ounce, silver down 0.5% to $48.40, and copper slipping 0.3% to $5.07 per pound. 



Crypto losses deepened. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped 3% to $107,000 after U.S. spot Bitcoin ETFs saw $1.15 billion in outflows last week. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) slid 6.7% toward its lowest close since early August, while Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) tumbled 10%.



<h2 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg %</td></tr><tr><td>Nasdaq 100</td><td>26,024.37</td><td>+0.6%</td></tr><tr><td>S&amp;P 500</td><td>6,854.93</td><td>+0.2%</td></tr><tr><td>Dow Jones</td><td>47,361.35</td><td>-0.4%</td></tr><tr><td>Russell 2000</td><td>2,463.94</td><td>-0.6%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:30 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VOO">VOO</a>) rose 0.2% to $628.33.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DIA">DIA</a>) edged down 0.4% to $473.92.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>)&nbsp;rose 0.6% to $632.65.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IWM">IWM</a>) slipped 0.6% to $244.82.</li>



<li>The&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XLY">XLY</a>) outperformed, up 0.9%; the&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XLP">XLP</a>) lagged, down 1%.</li>
</ul>



<h2 class="wp-block-heading">Monday&#8217;s Earnings Movers</h2>



<ul class="wp-block-list">
<li>Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/JCI">JCI</a>) down 0.5%</li>



<li>IDEXX Laboratories Inc. up 13.6%</li>



<li>Ares Management Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ARES">ARES</a>) up 4.9%</li>



<li>ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ON">ON</a>) down 0.8%</li>



<li>CNA Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CNA">CNA</a>) down 1.3%</li>



<li>Pinnacle West Capital Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PNW">PNW</a>) down 0.1%</li>



<li>Affiliated Managers Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/AMG">AMG</a>) up 5.8%</li>



<li>Bruker Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BRKR">BRKR</a>) down 2.3%</li>
</ul>



Stocks slated to report earnings after the close include Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PLTR">PLTR</a>), Vertex Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/VRTX">VRTX</a>), The Williams Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/WMB">WMB</a>), Simon Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SPG">SPG</a>), Realty Income Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/O">O</a>), Diamondback Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FANG">FANG</a>), SBA Communications Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SBAC">SBAC</a>), BWX Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BWXT">BWXT</a>), Coterra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CTRA">CTRA</a>), Hologic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HOLX">HOLX</a>), The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CLX">CLX</a>), Unum Group (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UNM">UNM</a>), and Exact Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/EXAS">EXAS</a>).



Now Read:



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<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/11/48594325/when-goverment-shutdown-ends-odds-kalshi-goldman-sachs-economic-outlook">Shutdown Nears Its End — But Economic Damage Is Mounting, Goldman Says</a></li>
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Image: Shutterstock

Broad U.S. Equity ETFs

ARES

BRKR

BWXT

CTRA

EXAS

FANG

HOLX

IDXX

KVUE

SBAC

VRTX

Nvidia, Amazon Extend Rally, Bitcoin Sinks To $107,000: What's Moving Markets Monday?

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