Thursday Ends in Index Declines | Wall Street Today

Overall, the market was falling after the Nasdaq hit a record over 20k Wednesday. Past 4:09 pm ET the $S&P 500 Index (.SPX.US)$ traded -0.54%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.53%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 0.66%.

Within industry themes tracked by moomoo, $Bitcoin (BTC.CC)$ a climb over $102k led to a rise in some Bitcoin stocks. Nvidia portfolio companies also climbed higher. 3D-Printing stocks climbed 4%, leading all investment themes, after Needham analysts raised their price target on $3D Systems (DDD.US)$, sending the stock up 21%.

Elsewhere in the economy, $Crude Oil Futures(MAY5) (CLmain.US)$ it remained at $69. Gold and silver fell, and treasuries that were not the 2-year climbed.

$Warner Bros Discovery (WBD.US)$ climbed 13%, the highest on the S&P 500 by percentage gain after the firm said Thursday it decided to cut its cable TV business from its streaming and studio operations into two segments, possibly planning for a sale of the declining segment under a more deal friend Trump administration. In August, the firm cut its TV assets by $9 billion over uncertainty.

$Riot Platforms (RIOT.US)$ options volume jumped as the stock rallied more than 10% after the Wall Street Journal reported that activist investor Starboard Value has built a significant position in the company and is pushing for changes in the bitcoin mining operator.

$Adobe (ADBE.US)$ fell 12%, the lowest percentage decliner on the S&P 500 after the Photoshop company posted earnings that beat but offered first-quarter guidance below expectations, with revenue of $5.63-$5.68B compared to conses for $5.7B.

$Ciena (CIEN.US)$ stock was trading higher after the optical networking equipment company missed earnings for the quarter but issued upbeat guidance Thursday morning. For its fiscal fourth quarter ended Nov. 2, the firm pulled in adjusted earnings of 54 cents, missing estimates for 65 cents. For the current quarter, they see revenue of $1.01B-$1.09B, above estimates for $1B.

$Broadcom (AVGO.US)$ reported Q4 Adjusted EPS of $1.42 estimates for $1.38, sending the stock slighlty higher Thursday after the bell. Sales missed estimates of 14.,091B by $0.037B. The firm said AI-driven revenue grew more than 200% in the quarter. The firm said it sees a first-quarter revenue at 14.6B, right at estimates.

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