European stocks slipped on Tuesday: STOXX 600 -0.1%, DAX -0.2%, FTSE 100 -0.7%, while CAC 40 gained 0.2%. Tech stocks fell on Apple's margin warning and Oracle's $20 billion fundraising plan, while Philips and Bayer gained 6% each.
Palantir shares fell over 5% in Tuesday’s premarket trading despite Q3 revenue surging 96% to $2.31 billion and EPS reaching $0.44. Investors focused on slowing contract growth, which dropped to 6% from 49% in the previous quarter.
Gold fell on Tuesday, with spot prices down 0.7% to $3,920.44 and futures losing 1% to $3,929.67. Renewed selling across precious metals and pressure from the tech stock selloff weighed on gold despite easing inflation concerns.
U.S. stocks were mixed on Monday: Dow +0.41%, S&P 500 -0.51% and Nasdaq -1.07%, as tech stocks remained under pressure. Oracle plunged 8.76% after announcing a $20 billion fundraising plan, while investors continued shifting away from AI-related stocks.
Asian stocks were mixed on Tuesday as Apple’s weaker outlook weighed on tech shares ahead of the U.S. midterm elections, while Australia raised interest rates again. South Korea’s KOSPI fell over 3% and China’s CSI 300 lost 0.2%, while Hong Kong’s Hang Seng gained 0.5%.
PayPal shares rose 1.2% on Tuesday after Q3 adjusted EPS beat estimates at $1.45, despite revenue missing expectations at $8.58 billion. The company raised its 2026 EPS outlook to $5.60 from $5.38, supported by lower transaction costs and savings.
Anthropic has officially filed for a Nasdaq IPO under the ticker ANT, setting the stage for a major AI listing. Its first-half 2026 revenue surged to $16.29 billion, but the company reported a massive $80.7 billion loss.
Zip shares plunged as much as 50.5% on Friday after a U.S. fraud incident disrupted transaction volumes and pushed bad debts higher. The stock later pared losses, while first-quarter transaction volume still grew 18% year over year.
