Memory chip stocks experienced a decline due to concerns over valuations following CXMT's announcement of a new chip set for release by the end of 2026. U.S.-listed shares of SK hynix, Western Digital, and Seagate fell over 5%, while Micron and Sandisk dropped 3.7% and 4.6%, respectively.
In the banking sector, JPMorgan Chase's shares rose nearly 1% after it raised its net interest income outlook, despite third-quarter earnings and revenue missing analyst expectations. Conversely, Wells Fargo's stock fell 1.1% due to mixed Q3 results, with earnings per share slightly exceeding estimates but revenue falling short.
Goldman Sachs saw a 2.8% increase in shares after reporting Q3 revenue of $18.68 billion, surpassing expectations. Johnson & Johnson reported better-than-expected earnings of $2.59 per share on revenue of $25.4 billion, yet its stock dropped over 2%.
Domino's Pizza shares fell nearly 3% despite exceeding earnings and revenue estimates, as U.S. same-store sales growth was only in line with expectations. Syndax Pharmaceuticals' shares plummeted 14% after its treatment for idiopathic pulmonary fibrosis failed to meet trial endpoints, disappointing investors.
Lastly, Six Flags' stock dropped 7% following a tragic incident at one of its parks, while UnitedHealth's shares rose 2% after reporting strong Q3 results that beat analyst forecasts