On November 6, 2025, major market trends revealed soft earnings for the food delivery firm DoorDash, whose shares plummeted over 17% after missing profit estimates and projecting increased spending on new technology. Concurrently, cloud security company Datadog exceeded quarterly expectations, driven by AI growth, leading to a 23% surge in its stock price. Other notable declines included Robinhood Markets, down nearly 11%, due to high operating expenses and disappointing crypto revenue, and Paycom Software, which fell almost 11% amid lower-than-expected earnings and increased technology investments. Tapestry also faced a decline of 9.6% despite surpassing sales forecasts, as their holiday guidance disappointed. Conversely, Texas Pacific Land shares rose 10% after reporting record revenue, and Air Products and Chemicals gained 8.9% on a mixed earnings report following a strategic revival plan. Overall, tech stocks led the drop in major U.S. indexes, amid rising concerns of job cuts hitting a 20-year high in October.
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