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Dow Climbs Over 100 Points as Lululemon Crushes Q3 Expectations

MarketDash Editorial Team
1 day ago
U.S. stocks showed mixed performance Friday with the Dow gaining ground while tech stocks stumbled. Lululemon delivered standout quarterly results, while individual stock moves ranged from dramatic surges in cannabis-linked names to sharp declines following corporate announcements.

U.S. markets couldn't quite agree on a direction Friday morning, with the Dow Jones pushing higher while tech stocks pulled back from recent gains.

The Dow traded up 0.24% to 48,819.22 following the opening bell, but the NASDAQ fell 0.34% to 23,514.76. The S&P 500 also dipped 0.13% to 6,892.15, reflecting the mixed sentiment across different sectors.

Sector Spotlight

Materials stocks led the charge higher, jumping 0.9% on Friday as commodity prices showed strength. On the flip side, information technology stocks dropped 0.9%, weighing on the tech-heavy indexes.

Lululemon Flexes Strong Quarter

Lululemon Athletica Inc. (LULU) delivered impressive third-quarter results Thursday evening that exceeded Wall Street's expectations and prompted the athletic apparel maker to raise its full-year outlook.

The company posted earnings of $2.59 per share, crushing analyst estimates of $2.27 by a solid 14.15%. Revenue came in at $2.57 billion, topping the Street's $2.48 billion forecast and marking a healthy increase from the $2.4 billion reported in the same period last year.

Big Movers Higher

cbdMD Inc. (YCBD) absolutely exploded Friday, rocketing 101% to $1.26 after announcing it had regained full compliance with NYSE American listing standards. That's the kind of news that gets delisted stocks moving.

Akanda Corp (AKAN) surged 42% to $1.12, riding a broader wave of enthusiasm in cannabis-linked stocks. The rally followed reports suggesting President Trump is expected to reclassify marijuana as a Schedule III drug, a move that would represent a significant shift in federal drug policy.

Zedge Inc. (ZDGE) climbed 33% to $3.24 after delivering better-than-expected quarterly financial results.

Sharp Declines

Applied Therapeutics Inc. (APLT) plunged 48% to $0.11 after Cycle Pharmaceuticals announced plans to acquire the company.

Fermi Inc. (FRMI) dropped 40% to $9.19 following news that First Tenant had notified the company it is terminating the AICA agreement.

Tenaya Therapeutics Inc. (TNYA) fell 29% to $0.97 after announcing the pricing of a $60 million public offering of 50 million units at $1.20 per unit.

Commodities Round-Up

Oil edged down 0.2% to $57.49 per barrel, while gold climbed 1.5% to $4,376.20 as investors sought safe-haven assets. Silver gained 0.5% to $64.895, and copper rose 0.2% to $5.5095.

Global Markets

European markets showed mostly positive momentum. The eurozone's STOXX 600 rose 0.2%, Spain's IBEX 35 Index gained 0.7%, Germany's DAX 40 added 0.3%, and France's CAC 40 surged 0.6%. London's FTSE 100 bucked the trend, slipping 0.1%.

Asian markets closed higher across the board Friday. Japan's Nikkei gained 1.37%, Hong Kong's Hang Seng surged 1.75%, China's Shanghai Composite rose 0.41%, and India's BSE Sensex added 0.53%.

Economic Data Watch

The Baker Hughes oil rig count report is scheduled for release today, providing fresh insight into drilling activity and energy sector health.

Back to News

Dow Climbs Over 100 Points as Lululemon Crushes Q3 Expectations

MarketDash Editorial Team
1 day ago
U.S. stocks showed mixed performance Friday with the Dow gaining ground while tech stocks stumbled. Lululemon delivered standout quarterly results, while individual stock moves ranged from dramatic surges in cannabis-linked names to sharp declines following corporate announcements.

U.S. markets couldn't quite agree on a direction Friday morning, with the Dow Jones pushing higher while tech stocks pulled back from recent gains.

The Dow traded up 0.24% to 48,819.22 following the opening bell, but the NASDAQ fell 0.34% to 23,514.76. The S&P 500 also dipped 0.13% to 6,892.15, reflecting the mixed sentiment across different sectors.

Sector Spotlight

Materials stocks led the charge higher, jumping 0.9% on Friday as commodity prices showed strength. On the flip side, information technology stocks dropped 0.9%, weighing on the tech-heavy indexes.

Lululemon Flexes Strong Quarter

Lululemon Athletica Inc. (LULU) delivered impressive third-quarter results Thursday evening that exceeded Wall Street's expectations and prompted the athletic apparel maker to raise its full-year outlook.

The company posted earnings of $2.59 per share, crushing analyst estimates of $2.27 by a solid 14.15%. Revenue came in at $2.57 billion, topping the Street's $2.48 billion forecast and marking a healthy increase from the $2.4 billion reported in the same period last year.

Big Movers Higher

cbdMD Inc. (YCBD) absolutely exploded Friday, rocketing 101% to $1.26 after announcing it had regained full compliance with NYSE American listing standards. That's the kind of news that gets delisted stocks moving.

Akanda Corp (AKAN) surged 42% to $1.12, riding a broader wave of enthusiasm in cannabis-linked stocks. The rally followed reports suggesting President Trump is expected to reclassify marijuana as a Schedule III drug, a move that would represent a significant shift in federal drug policy.

Zedge Inc. (ZDGE) climbed 33% to $3.24 after delivering better-than-expected quarterly financial results.

Sharp Declines

Applied Therapeutics Inc. (APLT) plunged 48% to $0.11 after Cycle Pharmaceuticals announced plans to acquire the company.

Fermi Inc. (FRMI) dropped 40% to $9.19 following news that First Tenant had notified the company it is terminating the AICA agreement.

Tenaya Therapeutics Inc. (TNYA) fell 29% to $0.97 after announcing the pricing of a $60 million public offering of 50 million units at $1.20 per unit.

Commodities Round-Up

Oil edged down 0.2% to $57.49 per barrel, while gold climbed 1.5% to $4,376.20 as investors sought safe-haven assets. Silver gained 0.5% to $64.895, and copper rose 0.2% to $5.5095.

Global Markets

European markets showed mostly positive momentum. The eurozone's STOXX 600 rose 0.2%, Spain's IBEX 35 Index gained 0.7%, Germany's DAX 40 added 0.3%, and France's CAC 40 surged 0.6%. London's FTSE 100 bucked the trend, slipping 0.1%.

Asian markets closed higher across the board Friday. Japan's Nikkei gained 1.37%, Hong Kong's Hang Seng surged 1.75%, China's Shanghai Composite rose 0.41%, and India's BSE Sensex added 0.53%.

Economic Data Watch

The Baker Hughes oil rig count report is scheduled for release today, providing fresh insight into drilling activity and energy sector health.