Shares of cloud monitoring software company Datadog (NASDAQ:DDOG) jumped 6.2% in the afternoon session as the Nasdaq and S&P 500 surged after solid earnings from tech giants, including Meta (NASDAQ:META), which soared more than 20% (MAU/DAU growth, guidance beat, and dividend initiation), and Amazon (solid revenue beat). In addition, yields surged, with the 2-year Treasury yield rising to 4.38%, while the 10-year Treasury yield broke past the 4% mark as fresh labor market data exceeded expectati
Enterprise workflow software maker ServiceNow (NYSE:NOW) beat analysts' expectations in Q4 FY2023, with revenue up 25.6% year on year to $2.44 billion. It made a non-GAAP profit of $3.11 per share, improving from its profit of $2.29 per share in the same quarter last year.
Shares of department store chain Macy’s (NYSE:M) jumped 5.6% in the morning session after a day after the company reported an impressive "beat and raise" quarter. Third quarter results significantly blew past analysts' EPS expectations, driven in part by same-store sales and revenue beats. Full year guidance was also raised slightly across the board, from same-store sales to revenue to EPS, demonstrating confidence in its holiday season strategy amid macroeconomic challenges.