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Global software stocks rally after Accenture reports strong earnings
Company News

Global software stocks rally after Accenture reports strong earnings

STREETINSIDER.COM

Investing.com -- Global software and IT services stocks rallied Thursday after Accenture PLC reported quarterly earnings and revenue that comfortably topped Wall Street estimates, sparking fresh optimism across a sector that had been grappling with cautious enterprise spending.

Accenture shares soared 18% in morning trading, lifting a wide swath of its industry peers. Globant SA surged 10%, while Capgemini SE climbed 9%. Cognizant Technology Solutions Corp. and Infosys Ltd. both advanced 8%, EPAM Systems Inc. jumped 7%, and International Business Machines Corp. added 5%.

For its fiscal fourth quarter, Dublin-based Accenture reported revenue of $18.7 billion, up 6.3% from a year earlier and well ahead of the $18.04 billion expected by analysts. Net income expanded sharply as earnings per share rose to $3.29 from $2.25 in the prior-year period.

The results were bolstered by robust order intake. New bookings for the quarter reached $22.2 billion, up 4.2% year-over-year and beating cons

A pilot brawl, then a rapid descent: passengers recount chaos on flydubai flight
Company News

A pilot brawl, then a rapid descent: passengers recount chaos on flydubai flight

INVESTING.COM

By Alexander Cornwell and Lina Obeid

JERUSALEM, Sept 30 - When flydubai flight FZ1073 suddenly plunged from over 30,000 feet on Wednesday, passenger Almog Italie said it felt like the plane was passing through "massive turbulence" before he realised a life-or-death struggle had unfolded in the cockpit.

Italie described passengers running to the front of the cabin and commotion in front of the cockpit, where Israeli officials said the co-pilot had stabbed the captain to try to crash the plane flying from Dubai to Tel Aviv with more than 170 Israelis on board.

"It was dropping like for 20, 30 seconds, and then balanced, and then started dropping again, and balanced again, and then we saw that (there) are people in the front, directly (in front of ) the cockpit," he told Reuters. "Crew members and passengers from the front of the airplane took over and got control of the two pilots."

Doron Spielman, a spokesperson for the Israeli prime minister’s office, said the wounded captain, bloo

Lilly’s Foundayo shows cardiovascular safety in diabetes trial
Company News

Lilly’s Foundayo shows cardiovascular safety in diabetes trial

INVESTING.COM

INDIANAPOLIS - Eli Lilly and Company (NYSE:LLY) announced results from its Phase 3 ACHIEVE-4 trial evaluating Foundayo (orforglipron) compared to insulin glargine in adults with type 2 diabetes and obesity or overweight at increased cardiovascular risk, according to a press release statement.

The trial, which enrolled 2,749 participants across 16 countries, met its primary objective of demonstrating non-inferiority for cardiovascular safety. Participants taking Foundayo experienced a 16% lower risk of MACE-4, which includes cardiovascular death, heart attack, stroke, or hospitalization for unstable chest pain, compared to insulin glargine (hazard ratio:0.84; 95.0% CI:0.59 to 1.20).

The risk of MACE-3, comprising cardiovascular death, heart attack, or stroke, was 23% lower for Foundayo versus insulin glargine (hazard ratio:0.77; 95.0% CI:0.52 to 1.13). In pre-planned analyses, cardiovascular death risk was 53% lower and all-cause death risk was 57% lower for Foundayo compared to insul

Raymond James sees broad pullback in retail stocks during 3Q26
Sector News

Raymond James sees broad pullback in retail stocks during 3Q26

STREETINSIDER.COM

Investing.com -- Raymond James reported that retail and digital commerce stocks declined during the third quarter of 2026, with softline retail and brand stocks falling an average of 8% and digital commerce stocks dropping 5%.

The decline occurred despite a solid second quarter 2026 earnings season where most companies exceeded expectations on revenue, margins and earnings. Raymond James attributed the recent pressure to macro factors, including rising oil prices, higher interest rates, and ongoing concerns about inflation's impact on spending power in the second half of the year.

In the active apparel and footwear sector, stocks fell 15% during the quarter. Price-to-earnings multiples contracted by 2 times to approximately 14 times, compared to a five-year average of 19 times. Under Armour, Birkenstock, and Deckers all declined more than 20%, while Nike, lululemon, and On also posted double-digit percentage losses. Steve Madden and Crocs performed better, with gains of 6% and a decl

These charts show how volatile the last quarter was for stocks and bonds
Market Summary

These charts show how volatile the last quarter was for stocks and bonds

CNBC.COM

In this article

The three months to September — the second full quarter of trading since the U.S. and Israel’s war with Iran started — brought more volatility for stocks.

Traders closely monitored headlines around developments in the Middle East, with the conflict lapsing into a standoff as U.S. President Donald Trump vowed to wreak “Economic D-Day” on Tehran and reportedly rejected an Iranian ceasefire proposal.

The Strait of Hormuz remained blocked, fueling fears for energy markets and of inflation, but equities broadly notched returns in the third quarter.

There was, however, a notable slowdown.

Wall Street’s major averages ended the third quarter in mixed territory. The S&P 500 index added 2.03%, while the Dow Jones Industrial Average fell 1.9% and the tech-heavy Nasdaq Composite ended the quarter 2.2% higher.

The average change across the three indexes was just 0.6%, marking a slowdown in the rally that saw double-digit gains in the previous quarter.

The slowdown was amid a

Shares of Indian auto companies slide as sales soften in September, after hitting record highs in August
Sector News

Shares of Indian auto companies slide as sales soften in September, after hitting record highs in August

CNBC.COM

Stocks of Indian auto companies fell on Thursday as September data revealed acute softening of sales, just a month after passenger vehicles, three-wheelers, and two-wheelers hit a record high in August.

Shares of Bajaj Auto, one of India’s leading two-wheeler companies, declined over 8% after the company reported a 12% year-on-year drop in domestic sales in September. Shares of Indian automaker Mahindra & Mahindra also fell over 3% before recovering slightly.

In September, M&M sold 64,092 passenger cars, up 14% from a year ago. But this monthly sales growth was a far cry from the 50% year-on-year record in August.

Shares of Japanese automaker Maruti Suzuki, which sells the highest number of cars in India, were also down over 2%. It will release its September sales data later today.

Indian auto sales have been robust for nearly a year and have been cited by economists as a key indicator for the country’s sustained economic growth amid geopolitical headwinds.

Passenger vehicles, thr

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Raymond James reports a significant Q3 2026 decline across retail and digital commerce stocks, driven by rising oil prices, higher interest rates, and inflation concerns 🔗.

Key impacts:

  • Softline Retail & Brands: Down 8% on average.
  • Digital Commerce: Dropped 5%.
  • Active Apparel/Footwear: Fell 15%, P/E multiples contracted to 14x (vs. 5-year avg. 19x). Under Armour, Birkenstock, Deckers, Nike, Lululemon, On all saw double-digit losses 🔗.
  • Premium Apparel/Accessories: Down 21%, P/E multiples contracted to 11x (vs. 5-year avg. 12.5x) 🔗.

This broad pullback occurred despite a solid Q2 earnings season, indicating macro factors are now outweighing company-specific performance for the sector 🔗.

Raymond James sees broad pullback in retail stocks during 3Q26

Raymond James sees broad pullback in retail stocks during 3Q26

STREETINSIDER.COMOct 1, 6:26 PM UTC
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Enerflex Ltd. (EFXT) shares jumped 11% premarket after securing a contract to supply approximately 450 megawatts of natural gas-fired power generation units for a North American data center developer 🔗.

Key details:

  • Contract Scope: Design, engineer, fabricate, and assemble behind-the-meter power generation units.
  • Timeline: Deliveries scheduled from 2027 to 2028.
  • Expansion: Enerflex is expanding its Engineered Systems business line, with $15M in 2026 capex and an additional $85M authorized for 2027 investments 🔗.

This contract highlights growing demand for reliable, off-grid power solutions for AI and digital infrastructure, leveraging Enerflex's integrated capabilities. The company's opportunity pipeline now exceeds 2 GW 🔗.

Enerflex spikes on 450 MW data center power contract

Enerflex spikes on 450 MW data center power contract

STREETINSIDER.COMOct 1, 1:23 PM UTC
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Accenture (ACN) shares surged 18% after reporting Q4 earnings and revenue that topped Wall Street estimates, alongside robust new bookings of $22.2B (vs. $20.04B consensus) and raised FY27 guidance. The strong performance lifted global software and IT services stocks, including Globant (+10%), Capgemini (+9%), Cognizant (+8%), Infosys (+8%), EPAM Systems (+7%), and IBM (+5%). The results signal renewed optimism for enterprise spending in the sector 🔗.

Global software stocks rally after Accenture reports strong earnings

Global software stocks rally after Accenture reports strong earnings

STREETINSIDER.COMOct 1, 1:27 PM UTC
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Jefferies has cut its view on the AI sector, citing intensifying competition and a widening US-China intelligence gap. The average API price gap between US and Chinese frontier models grew to 70% in September from 60% in August. OpenAI's GPT-6 Astra launched at a 150% premium, while other models saw significant price cuts, indicating a push into mid-to-low-end segments. This suggests a potential margin squeeze and increased volatility for AI players 🔗.

Jefferies cuts AI sector view as price war intensifies, US-China gap widens

Jefferies cuts AI sector view as price war intensifies, US-China gap widens

STREETINSIDER.COMOct 1, 10:01 AM UTC
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The AI infrastructure boom continues to drive significant market activity, with key players reporting strong results and receiving bullish analyst coverage:

  • Micron Technology (MU): Shares jumped 2% after a massive Q4 beat-and-raise, projecting Q1 FY27 revenue of $60.0-$63.0 billion and EPS of $37.15-$39.15. Unprecedented demand for High Bandwidth Memory (HBM) modules in AI data centers is cited as the primary driver 🔗.
  • Celestica (CLS): Bernstein named Celestica its top pick in networking and communications equipment, setting a $520 price target (46% upside). The firm sees consensus understating revenue opportunities from Google TPU, OpenAI Jalapeno, and AMD Helios programs, estimating $25 billion in incremental revenue through 2027-2028 🔗.
  • Alphabet (GOOGL): Rose 2% after unveiling Gemini 4 Argon, its next-generation flagship AI model, signaling accelerated deployment across Google Cloud and enterprise AI workflows 🔗.
  • Constellation Energy (CEG): Climbed 3% on a major long-term agreement with Amazon to expand the Calvert Cliffs Clean Energy Center, adding 190 MW of emissions-free nuclear capacity to power AWS data centers 🔗.
After-Hours Movers: GOOGL, MU, CEG, NU

After-Hours Movers: GOOGL, MU, CEG, NU

INVESTING.COMSep 30, 8:45 PM UTC
Bernstein Names Top Networking Stocks Led by Celestica

Bernstein Names Top Networking Stocks Led by Celestica

STREETINSIDER.COMSep 30, 8:47 PM UTC
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The AI boom continues to drive significant corporate actions and positive outlooks for key hardware and software providers.

  • Synopsys (SNPS) surged 4.97% after announcing a $1B+ multi-year licensing deal with Amazon AWS for silicon IP and a partnership with OpenAI for GPT-Synopsys. The company also raised its FY2027 revenue growth guidance to 15% from 11.19% consensus 🔗.
  • Hewlett Packard Enterprise (HPE) rallied 5% on a $1.2B AMD Helios AI server deal with Vultr and an increased FY2027 networking segment revenue growth target to high teens/low 20s from 14-17% 🔗.
  • Micron Technology (MU) jumped 2% after a Q4 earnings beat and issuing explosive Q1 FY2027 guidance, projecting $60-63B revenue and $37.15-39.15 EPS, driven by unprecedented High Bandwidth Memory (HBM) demand for AI data centers 🔗.
Synopsys stock analysis: what does today’s news tell investors?

Synopsys stock analysis: what does today’s news tell investors?

INVESTING.COMSep 30, 7:44 PM UTC
Hewlett Packard Enterprise Stock Soars to Fresh Record on Raised Revenue Targets, $1.2B Server Deal

Hewlett Packard Enterprise Stock Soars to Fresh Record on Raised Revenue Targets, $1.2B Server Deal

INVESTOPEDIA.COMSep 30, 7:45 PM UTC
After-Hours Movers: GOOGL, MU, CEG, NU

After-Hours Movers: GOOGL, MU, CEG, NU

INVESTING.COMSep 30, 8:45 PM UTC
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Peoples Bancorp (PEBO) will acquire Capital Bancorp (CBNK) in an all-stock transaction valued at approximately $728.1 million. Capital shareholders will receive 1.11 shares of PEBO for each CBNK share, valuing CBNK at $43.75 per share based on PEBO's 20-day VWAP 🔗. The deal is expected to be immediately accretive to Peoples' 2027 earnings and create a combined entity with $14 billion in assets. PEBO shares fell 6%, while CBNK surged 11% on the news 🔗.

Peoples Bancorp falls, Capital Bancorp rises amid all-stock deal

Peoples Bancorp falls, Capital Bancorp rises amid all-stock deal

STREETINSIDER.COMSep 30, 2:56 PM UTC
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The biotech sector is experiencing notable volatility following a wave of clinical trial results:

  • Candel Therapeutics (CADL): Shares likely to react positively after Phase 3 data showed a 41% reduction in prostate cancer recurrence risk for its drug aglatimagene. BLA submission planned for Q4 2026 🔗.
  • Rafael Holdings (RFL): Stock tumbled 25% as its Phase 3 trial for Niemann-Pick Disease Type C missed its primary endpoint, despite showing a statistically significant effect in a prespecified subgroup 🔗.
  • Sagimet Biosciences (SGMT): Stock surged over 12% on positive 52-week Phase 3 data for its acne drug denifanstat, showing a 57% treatment success rate. The company also announced a $115M stock offering 🔗.
  • Theriva Biologics (TOVX): Results from its Phase 2b pancreatic cancer trial, showing improved overall survival with VCN-01, were published in Nature Medicine 🔗.
  • Merck (MRK): Positive Phase 2b data for tulisokibart in hidradenitis suppurativa, meeting primary and key secondary endpoints. These findings will inform Phase 3 development 🔗.
  • Eli Lilly (LLY): Ebglyss met primary and secondary endpoints in a Phase 3b trial for hand and foot atopic dermatitis, showing 53% clear/almost clear skin vs. 27% for placebo 🔗.
  • Sarepta Therapeutics (SRPT): Presented new functional outcome data for its gene therapy Elevidys in older Duchenne muscular dystrophy patients, showing improved North Star Ambulatory Assessment scores 🔗.

These diverse outcomes highlight the high-stakes nature of clinical development, driving significant stock movements across the industry.

Candel Therapeutics reports immune activation data for prostate cancer drug

Candel Therapeutics reports immune activation data for prostate cancer drug

INVESTING.COMSep 30, 12:37 PM UTC
Rafael Holdings stock tumbles 25% as drug trial misses goal

Rafael Holdings stock tumbles 25% as drug trial misses goal

STREETINSIDER.COMSep 30, 1:21 PM UTC
Sagimet stock surges on positive acne trial data

Sagimet stock surges on positive acne trial data

STREETINSIDER.COMSep 30, 1:21 PM UTC
Theriva Biologics’ VCN-01 trial results published in Nature Medicine

Theriva Biologics’ VCN-01 trial results published in Nature Medicine

INVESTING.COMSep 30, 12:08 PM UTC
Merck’s tulisokibart meets goals in skin disease Phase 2b trial

Merck’s tulisokibart meets goals in skin disease Phase 2b trial

INVESTING.COMSep 30, 12:22 PM UTC
Lilly’s Ebglyss shows efficacy in hand, foot dermatitis trial

Lilly’s Ebglyss shows efficacy in hand, foot dermatitis trial

INVESTING.COMSep 30, 12:12 PM UTC
Sarepta presents Elevidys data in older Duchenne patients

Sarepta presents Elevidys data in older Duchenne patients

INVESTING.COMSep 30, 12:36 PM UTC
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The biotech sector is experiencing significant volatility driven by recent clinical trial data. Candel Therapeutics (CADL) surged on positive Phase 3 data for its prostate cancer drug, showing a 41% reduction in recurrence risk and plans for a Q4 2026 BLA submission 🔗. Similarly, Sagimet Biosciences (SGMT) rose over 12% after positive 52-week results for its acne drug, denifanstat, with a 57% treatment success rate 🔗. Theriva Biologics (TOVX) also announced improved overall survival in pancreatic cancer patients from its VCN-01 trial, published in Nature Medicine 🔗.

Conversely, Rafael Holdings (RFL) shares tumbled 25% as its Phase 3 trial for Niemann-Pick Disease Type C failed to meet its primary endpoint, despite a statistically significant effect in a subgroup 🔗. Merck (MRK) and Eli Lilly (LLY) also reported positive Phase 2b/3b data for their respective drugs in skin diseases, with Merck's tulisokibart meeting primary endpoints in hidradenitis suppurativa 🔗 and Lilly's Ebglyss showing efficacy in hand/foot atopic dermatitis 🔗.

Candel Therapeutics reports immune activation data for prostate cancer drug

Candel Therapeutics reports immune activation data for prostate cancer drug

INVESTING.COMSep 30, 12:37 PM UTC
Sagimet stock surges on positive acne trial data

Sagimet stock surges on positive acne trial data

STREETINSIDER.COMSep 30, 1:21 PM UTC
Theriva Biologics’ VCN-01 trial results published in Nature Medicine

Theriva Biologics’ VCN-01 trial results published in Nature Medicine

INVESTING.COMSep 30, 12:08 PM UTC
Rafael Holdings stock tumbles 25% as drug trial misses goal

Rafael Holdings stock tumbles 25% as drug trial misses goal

STREETINSIDER.COMSep 30, 1:21 PM UTC
Merck’s tulisokibart meets goals in skin disease Phase 2b trial

Merck’s tulisokibart meets goals in skin disease Phase 2b trial

INVESTING.COMSep 30, 12:22 PM UTC
Lilly’s Ebglyss shows efficacy in hand, foot dermatitis trial

Lilly’s Ebglyss shows efficacy in hand, foot dermatitis trial

INVESTING.COMSep 30, 12:12 PM UTC
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Meta Platforms' (META) new AI agent, Muse, is pressuring online travel agency (OTA) stocks, according to Truist analysts 🔗. Muse's ability to book travel, combined with Meta's consumer reach and data resources, poses significant downside risks to OTAs.

Truist highlights Expedia Group (EXPE) as particularly vulnerable, given Muse's North American launch and Expedia's two-thirds U.S.-based B2C operations. Booking Holdings (BKNG) has lower U.S. exposure. The extent of impact on bookings, commission rates, and competitive positioning remains uncertain, but investor sentiment is likely to be affected 🔗.

Meta's Muse AI agent pressures online travel stocks, Truist comments

Meta's Muse AI agent pressures online travel stocks, Truist comments

STREETINSIDER.COMSep 30, 9:36 AM UTC
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