Daily Pre-Market News11/06/2026 8:14:08 AM ET

Geopolitical Chaos, Tech Turmoil: $2.3T Nasdaq Sell-Off!

In today's volatile market landscape, the interplay between geopolitical tensions and sector-specific dynamics is palpable. The recent escalation in US-Iran tensions has exacerbated market uncertainty, contributing to a historic sell-off that saw $2.3 trillion erased from the Nasdaq. This turbulence underscores the fragility of investor sentiment, particularly in the face of inflationary pressures and macroeconomic instability. The tech sector, once buoyed by the AI boom, is now grappling with a significant backlash. The data center industry, a cornerstone of AI infrastructure, faces mounting regulatory and public opposition, reminiscent of Tesla's early struggles in the electric vehicle market. This sentiment has led to a sharp decline in chip stocks, with companies like Nvidia and Qualcomm experiencing substantial losses. The market's reaction reflects a broader reassessment of the sustainability of AI-driven growth, as investors recalibrate their expectations in light of potential slowdowns in data center expansion. Meanwhile, the airline sector is navigating a complex recovery landscape. As travel demand fluctuates, airlines are contending with operational challenges and fluctuating fuel prices, which are influenced by broader energy market dynamics. The energy sector itself is experiencing volatility, with oil prices bouncing back after a significant drop, highlighting the sector's sensitivity to geopolitical developments and supply chain disruptions. Corporate developments further illustrate the market's multifaceted challenges. Companies like Moderna and Vistra Corp. are at the forefront of investor attention, with their performance closely tied to broader economic indicators and sector-specific trends. The housing market, too, is undergoing a transformation, with a notable increase in cash transactions among first-time homebuyers, driven by the Great Wealth Transfer. As we approach the release of key economic data, including the jobs report, the market remains on edge. The anticipated modest job growth juxtaposed with muted layoffs suggests a labor market that is resilient yet cautious. This economic backdrop, coupled with corporate earnings reports, will be critical in shaping investor sentiment in the coming days. In summary, today's market is a microcosm of the broader economic and geopolitical challenges facing investors. The interplay between macroeconomic pressures, sector-specific rotations, and corporate developments will continue to drive market dynamics, requiring investors to remain vigilant and adaptable in an increasingly uncertain environment.

Companies Reporting Earnings Today

SymbolPriceChangeMarketCap
ENB48.1100-1.37%107229667472
MRNA241.4600-6.55%96399497758
BAM52.4600-3.05%83790704318
HUM411.5500-1.41%49418924000
VST112.8900-6.15%37889857164
PPLC46.71000.19%35151376950
UI514.2000-8.34%31109999336
PPL36.00000.78%27091620000
PAA24.5300-2.70%17307533980
BIP37.8100-0.94%17306204150
CHTR125.86004.67%16963094136
BEN32.2100-4.90%16365160170
BIP-PB15.64000.97%16303159257
BIP-PA15.83000.00%15733387389
EMA51.1900-0.21%15723008500
TU9.42002.17%14836500000
ELAN23.6700-6.48%11821971630
FRHC177.1700-5.17%11301260785
MSGK317.3500-2.35%7654170362
BPYPO14.9600-0.20%6682654141
BPYPN13.63001.34%6682654131
BPYPP15.10000.00%6334951577
ESNT68.6000-1.07%6165527900
FLR45.0400-5.40%6023697658
PAGP26.3900-2.01%5222689832
VEON75.3400-4.64%5188002431
WULF10.0800-13.85%5029604264
STWD12.8800-0.54%4767776720
BIPC37.9200-1.22%4664751438
AQN5.64000.00%4342246688
DK62.4000-4.67%3820889280
CLMT43.3500-0.57%3810386970
ATMU46.1600-3.49%3766449665
TDS-PU18.4700-0.75%3719238627
TDS-PV16.6900-1.24%3660266542
OKLO19.2000-13.20%3571538880
TDS32.3600-10.14%3481062280
NHC207.6200-2.25%3251618415
KYIV12.9600-4.85%2992251767
DKL51.2400-2.05%2961533652
AD31.3700-5.60%2711715467
BKD10.8100-3.40%2581611770
SHO-PH20.4300-0.10%2366056955
UAA5.5500-3.81%2346283163
UA5.3750-3.67%2308807165
SHO12.3500-5.07%2296408400
SHO-PI19.62000.61%2255524441
MSGR224.5000-2.02%2209249498
TILE37.8200-5.83%2186014910
AMR143.3500-6.80%1815943465
HE8.4400-0.71%1457824320
GLP41.6700-4.14%1410486955
SLVM33.0800-1.55%1315268878
UTZ14.2700-0.07%1264510364
PSQL4.1100-18.45%1086684000
MMI28.6600-3.01%1085382860
PSQLW0.9250-10.19%1069960169
BH-A1608.2000-9.85%1054826421
BH331.2400-11.17%1054826161
DCH4.4200-7.72%1050212341
SBR65.8600-2.60%960195662
BLMN10.4700-4.56%896450823
PRME4.4500-10.46%807127009
DCBO30.4000-1.59%758407040
KOP39.7000-7.44%750790520
OGG2.3300-1.27%735834970
JBGS12.45001.30%729267104
IMMX7.2000-9.66%596901247
YORW32.2200-0.12%522884815
GTN4.8800-2.01%502563804
NATH102.05000.00%418166203
GFR5.4800-3.18%396690772
QVCG7.7100-7.00%385499206
WSBF20.0600-2.15%360619182
GTN-A5.9500-6.45%337441428
CDZIP19.4000-0.05%330010141
THM1.2100-30.46%316580770
NODK15.3900-0.45%314028687
GOGO2.2650-10.47%306925307
CGC0.6757-10.11%285846557
TMCI4.1800-7.11%271844427
ANIK19.3300-5.25%258692733
TTGT3.4300-1.72%248101007
TG7.0400-3.30%246007168
CDR-PB17.36000.00%238147414
CDR-PC16.49000.79%226212607
SRZN29.0000-8.37%216845151
TROO1.7400-3.87%212558400
ACRE3.4000-3.13%188635784
ABAT1.1950-7.36%170380421
ALXO1.1500-15.44%159018547
INTT12.3000-12.14%157757168
CHTRP21.7400-0.96%156176073
NEN45.00000.00%156051765
OPTU0.5695-17.50%155226079
DOUG1.5700-5.99%142698043
NLOP9.02000.78%133622957
MRDN9.1700-8.85%115918539
AIRS1.4400-15.29%103817101
STHO7.5700-3.07%91511996
CPHC15.87000.70%81735801
MBOT1.0700-6.14%71866336
DIT65.97008.33%64388567
MAIA1.0400-8.77%64211624
KYIVW4.6800-5.45%61285784
EMPD2.0700-8.41%61121194
DGNX1.1500-13.53%57649649
SELF4.8600-0.82%55508101
RNTX0.6120-7.09%52795404
TCBS17.32500.73%49770047
HOWL1.0200-6.42%49571082
BTCS0.8700-16.35%46205961
XTNT0.30001.35%42086388
FJET0.7454-12.33%40994031
MAMO0.9585-0.16%39912851
PHUN1.7300-3.35%35769999
IBO4.0600-0.98%34687337
SNT1.3000-9.72%30331149
BRNS0.7401-2.49%30232266
RPID0.6200-9.01%28309200
CRVO1.4500-7.05%21922689
SNWV2.2500-60.73%19355195
TOMZ2.1800-2.24%17750824
QNTM2.1100-4.52%13566357
GTEC0.4890-5.96%12980124
CVR10.5000-4.55%10144386
AWX2.5100-4.56%9787569
CMMB1.25001.63%8912096
SNGX0.3333-4.99%7254434
KPRX1.5000-9.64%6636585
FBLG0.9567-1.22%6369893
PSQH1.6500-14.06%5553537
LGVN1.7100-3.93%5204040
CDIO1.67501.82%4957111
XBIO1.8650-7.21%4370031
AQMS1.1700-4.88%4169330
SQFTP6.75000.75%3211623
ERNA1.8300-8.04%2987312
MBIO0.3940-4.78%2652456
CAPS1.8969-8.36%1752041
CELZ0.6059-7.06%1563621
SQFT0.8300-4.47%1190577
SQFTW0.0105-0.94%1098200
HUMAW0.0009-78.05%1083313
CTNT1.6100-21.08%31727

6-K/8-K Form Update

CPTKW

Crown PropTech Acquisitions has secured compliance with the U.S. Securities and Exchange Commission (SEC) for its registration statement on Form F-4, effective as of November 5, 2026. This filing, initially submitted on May 20, 2026, pertains to a business combination involving Mkango Rare Earths Limited and its subsidiaries. The transaction, subject to various risks and conditions, aims to consolidate operations among Crown PropTech Acquisitions, Mkango Polska Sp. z o.o., and Mkango (Cayman) Limited.

MSGS

MSG Knickerbockers Corp. reported fiscal first quarter 2027 results, showing revenues of $45.5 million, a 15% increase from the prior year, driven by higher league distribution revenues and merchandise sales linked to the team's NBA Championship win. The company's operating loss improved to $25.5 million from $27.4 million, with adjusted operating loss reaching $20.0 million, a 4% increase, reflecting better performance despite higher selling, general and administrative expenses. The spin-off of the New York Rangers business was completed, with its financials included in the current fiscal year's consolidated results.

BAM

Brookfield Asset Management Ltd. reported robust third-quarter results, raising $25 billion in fundraising and achieving $864 million in fee-related earnings, up 15% year-over-year. Distributable earnings also increased by 15% to $763 million, while year-to-date fundraising reached $123 billion. The company's infrastructure group secured $50 billion in commitments, and its private equity arm raised $14 billion since September 2025, highlighting strong demand for industrial and essential services investments.

EBBGF

Enbridge Inc. reported robust third-quarter 2026 financial results, with GAAP earnings attributable to common shareholders reaching $1.3 billion or $0.59 per share, up from $0.7 billion or $0.30 per share in the same period of 2025. The company announced significant transactions, including a $2.6 billion acquisition of Tallgrass Energy LP's crude oil business and a $0.3 billion Pony Express 2 growth project, alongside a $0.6 billion acquisition of Salt Creek Midstream's crude oil gathering business. Enbridge completed a $3.0 billion equity offering to fund these acquisitions and enhance financial flexibility, while also placing the Aspen Point expansion and Tennessee Ridgeline projects into service.

CHTR

Charter Communications, Inc. announced its third quarter 2026 results, revealing a $2 billion annualized expense savings plan alongside over $1 billion in planned Cox Transactions synergies. The company launched a new operating model aimed at returning to growth, leveraging its expanded scale post-Cox Communications acquisition, and capitalizing on increased data demand. This model focuses on accelerating new customer connections, enhancing retention and satisfaction, and deepening relationships to maximize long-term revenue per passing.

CATX

Perspective Therapeutics, Inc. announced promising interim results from its Phase 1/2a trial of Bamzireotide Navoxetan in patients with SSTR2-expressing neuroendocrine tumors. The trial showed a progression-free survival rate of 75% at 18 months and disease control rates of 92% and 100% in Cohorts 2 and 3, respectively. The findings support a focus on SSTR2-expressing patient populations, with the drug demonstrating robust anti-tumor activity and low incidence of high-grade adverse events. Perspective Therapeutics is using these results to inform discussions with regulators for a registration-enabling study, targeting an end-of-Phase 2 meeting in Q1 2027.

STWD

Starwood Property Trust, Inc. reported a third-quarter GAAP net loss of $389.7 million, primarily due to a $336.6 million credit loss provision and $32.2 million in non-cash property impairments. Distributable Earnings were $116.8 million, with $155.2 million before realized commercial lending gains and losses. The company invested $3.2 billion in the quarter, with commercial lending at $2.4 billion, the highest in four years, bringing the portfolio to a record $17.8 billion.

ATMU

Atmus Filtration Technologies Inc. reported a 13.9% increase in third-quarter 2026 net sales to $510 million, driven by the Koch Filter Corporation acquisition, favorable volumes, currency benefits, and pricing increases, partially offset by tariff refunds. The company's adjusted EBITDA was $104 million, with an adjusted EBITDA margin of 20.4%, and adjusted earnings per share was $0.77. Atmus repurchased $20 million of common stock under a new $300 million share repurchase program and approved a 9% quarterly cash dividend increase to $0.06 per share.

DK

Delek US Holdings, Inc. reported a record third-quarter 2026 net income of $1,133.8 million, or $18.22 per share, with adjusted EBITDA reaching $1,280.4 million, driven by a significant increase in refining segment EBITDA to $1,242.1 million. The company purchased $50 million in common stock, plans to repurchase up to $100 million in Q4, and expects to repay its $850 million Term Loan. Delek US also increased its quarterly dividend by 18% to $0.30 per share, emphasizing its focus on value creation and operational efficiency.

GTN-A

Gray Media, Inc. (NYSE: GTN) reported a 30% increase in third-quarter 2026 total revenue to $972 million, driven by strong political advertising revenue of $198 million, surpassing expectations and prior election year records. The company extended approximately $2 billion of debt maturities, reducing outstanding first lien notes by nearly $1 billion and lowering future annual interest expense by over $30 million. Operating expenses rose by 10% in broadcasting and 11% in corporate categories, with retransmission consent revenue growing by 6% to $366 million.

AITX

Artificial Intelligence Technology Solutions, Inc. (AITX) has secured a fourth order for its ROAMEO autonomous security patrol vehicle from a global logistics client. This extends the client's adoption of ROAMEO across its facilities, building on a longstanding relationship with RAD. RAD's CEO/CTO, Steve Reinharz, emphasized the opportunity for growth within established accounts, highlighting potential recurring revenue contributions.

REE

REE Automotive Ltd. secured compliance with an equity commitment from Kukac LLC and Elljay Limited, collectively investing $4 million to support its debt restructuring under the Israeli Insolvency and Economic Rehabilitation Law. The Tel Aviv-Jaffa District Court authorized creditor meetings, which led to the approval of the Arrangement on October 28, 2026, with amendments for employee payments and other clarifications. This arrangement aims to sustain REE Automotive's operations as a private company on a going concern basis.

KYIVW

Kyivstar Group Ltd. reported robust financial performance for the third quarter and nine months ended September 30, 2026, with revenue rising 17.5% year-over-year to USD 349 million and EBITDA increasing 10.3% to USD 189 million. The telecommunications and infrastructure segment contributed 21.7% of total revenue, while digital revenue surged 68.9% to USD 76 million. Free cash flow reached USD 83 million in the third quarter and USD 274 million for nine months, up 56.8% year-over-year, as Kyivstar raised its 2026 revenue growth outlook to 15%-17% and EBITDA growth to 10%-12%.

TU

TELUS Corporation reported a net income of $431 million for the nine months ended September 30, 2026, reversing a net loss of $2,346 million in the same period in 2025. Operating revenues from contracts with customers were $15,116 million, a slight decrease from $15,245 million in 2025, while operating expenses led to a loss of $1,286 million, compared to an operating income of $742 million in 2025. Total assets stood at $57,334 million as of September 30, 2026.

BIP-PB

Brookfield Infrastructure Partners L.P. reported strong third quarter 2026 results, achieving its 10% growth target with funds from operations (FFO) per unit of $0.91, marking the third consecutive quarter of hitting this target. The company's strategic initiatives included deploying approximately $1.7 billion into organic growth projects and securing $1.5 billion from asset sales, with plans to exceed the $2 billion target for the year. Notable partnerships involved developing sovereign AI capabilities with NAVER and a potential large-scale AI factory with Drax in the U.K., alongside advanced sales processes nearing binding offers that could generate over $1 billion in incremental proceeds.

PHAR

Pharming Group N.V. secured approval from the Medicines and Healthcare products Regulatory Agency (MHRA) of the United Kingdom for Joenja® (leniolisib) as the first treatment for children aged 4 to 11 with activated PI3K delta syndrome (APDS). The approval extends the existing indication to include pediatric patients, with dosing options of 40 mg and 50 mg twice daily. Joenja is expected to be available to patients under the expanded indication starting February 2027, supported by data from Pharming's pediatric clinical program.

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