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Dow Drops 150 Points as Aramark Disappoints on Quarterly Results

MarketDash Editorial Team
21 days ago
U.S. markets opened in the red Monday with major indexes falling roughly 0.4%. Aramark tumbled 6% after missing earnings and revenue estimates, while tech stocks led the decline and communication services bucked the trend with solid gains.

U.S. stocks stumbled out of the gate Monday, with all three major indexes trading lower in morning action. The Dow Jones shed more than 150 points, down 0.38% to 46,966.91, while the Nasdaq slipped 0.42% to 22,805.30. The S&P 500 matched the downbeat mood, falling 0.40% to 6,707.46.

Sector Action Shows Split Market

Not every corner of the market was feeling the pain. Communication services stocks rallied 2.1% on the day, providing a bright spot in an otherwise soggy session. On the flip side, information technology stocks took the biggest hit, dropping 1.1% and dragging on the broader indexes.

Aramark Stumbles on Weak Quarter

The headline story of the morning belonged to Aramark (ARMK), which tumbled about 6% after serving up disappointing fourth-quarter results. The food services giant posted earnings of 57 cents per share, missing the analyst consensus of 65 cents. Revenue also came up short at $5.048 billion versus expectations of $5.164 billion.

Looking ahead, Aramark guided for fiscal 2026 adjusted earnings between $2.18 and $2.28 per share on revenue of $19.550 billion to $19.950 billion.

Big Movers to Watch

Several stocks made outsized moves Monday. On the upside, Kaixin Holdings (KXIN) rocketed 104% to $0.6274. Autonomix Medical, Inc. (AMIX) surged 60% to $1.1602 after reporting post-hoc subgroup analysis results from its first-in-human study showing potential quality-of-life improvements with its targeted ablation therapy. PACS Group, Inc. (PACS) jumped 50% to $15.80 following its announcement that it will release third-quarter 2025 results on November 19.

The downside saw steeper drops. OneConstruction Group Limited (ONEG) plummeted 57% to $2.20. Taitron Components Incorporated (TAIT) fell 46% to $1.14 after announcing a voluntary delisting of its common shares from the Nasdaq. Republic Power Group Limited (RPGL) declined 36% to $0.5399.

Commodities and Global Markets

In commodity trading, oil edged up 0.3% to $60.29 while gold slipped 0.3% to $4,083.20. Silver gained 0.1% to $50.700, but copper fell 0.8% to $5.0235.

European markets mirrored U.S. weakness. The eurozone's STOXX 600 dropped 0.4%, Spain's IBEX 35 fell 0.9%, London's FTSE 100 declined 0.2%, Germany's DAX 40 slipped 0.6%, and France's CAC 40 dipped 0.4%.

Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 falling 0.10%, Hong Kong's Hang Seng down 0.71%, and China's Shanghai Composite declining 0.46%. India's BSE Sensex bucked the trend, rising 0.46%.

Economic Data

On the economic front, the NY Empire State Manufacturing Index delivered some positive news, climbing to 18.70 points in November from 10.70 points in October, signaling improved manufacturing conditions in the region.

Back to News

Dow Drops 150 Points as Aramark Disappoints on Quarterly Results

MarketDash Editorial Team
21 days ago
U.S. markets opened in the red Monday with major indexes falling roughly 0.4%. Aramark tumbled 6% after missing earnings and revenue estimates, while tech stocks led the decline and communication services bucked the trend with solid gains.

U.S. stocks stumbled out of the gate Monday, with all three major indexes trading lower in morning action. The Dow Jones shed more than 150 points, down 0.38% to 46,966.91, while the Nasdaq slipped 0.42% to 22,805.30. The S&P 500 matched the downbeat mood, falling 0.40% to 6,707.46.

Sector Action Shows Split Market

Not every corner of the market was feeling the pain. Communication services stocks rallied 2.1% on the day, providing a bright spot in an otherwise soggy session. On the flip side, information technology stocks took the biggest hit, dropping 1.1% and dragging on the broader indexes.

Aramark Stumbles on Weak Quarter

The headline story of the morning belonged to Aramark (ARMK), which tumbled about 6% after serving up disappointing fourth-quarter results. The food services giant posted earnings of 57 cents per share, missing the analyst consensus of 65 cents. Revenue also came up short at $5.048 billion versus expectations of $5.164 billion.

Looking ahead, Aramark guided for fiscal 2026 adjusted earnings between $2.18 and $2.28 per share on revenue of $19.550 billion to $19.950 billion.

Big Movers to Watch

Several stocks made outsized moves Monday. On the upside, Kaixin Holdings (KXIN) rocketed 104% to $0.6274. Autonomix Medical, Inc. (AMIX) surged 60% to $1.1602 after reporting post-hoc subgroup analysis results from its first-in-human study showing potential quality-of-life improvements with its targeted ablation therapy. PACS Group, Inc. (PACS) jumped 50% to $15.80 following its announcement that it will release third-quarter 2025 results on November 19.

The downside saw steeper drops. OneConstruction Group Limited (ONEG) plummeted 57% to $2.20. Taitron Components Incorporated (TAIT) fell 46% to $1.14 after announcing a voluntary delisting of its common shares from the Nasdaq. Republic Power Group Limited (RPGL) declined 36% to $0.5399.

Commodities and Global Markets

In commodity trading, oil edged up 0.3% to $60.29 while gold slipped 0.3% to $4,083.20. Silver gained 0.1% to $50.700, but copper fell 0.8% to $5.0235.

European markets mirrored U.S. weakness. The eurozone's STOXX 600 dropped 0.4%, Spain's IBEX 35 fell 0.9%, London's FTSE 100 declined 0.2%, Germany's DAX 40 slipped 0.6%, and France's CAC 40 dipped 0.4%.

Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 falling 0.10%, Hong Kong's Hang Seng down 0.71%, and China's Shanghai Composite declining 0.46%. India's BSE Sensex bucked the trend, rising 0.46%.

Economic Data

On the economic front, the NY Empire State Manufacturing Index delivered some positive news, climbing to 18.70 points in November from 10.70 points in October, signaling improved manufacturing conditions in the region.