Stock Market Today: Futures Point to Lower Open After Losing Week; Oil Slips Ahead of Bessent Press Conference on Iran

Temu Parent PDD Stock Gains Despite Revenue Miss as Profit Tops Expectations

FROM 28 minutes ago

Temu’s parent company reported second-quarter revenue early Monday that came up short of analysts’ estimates. Its stock is rising regardless.

U.S.-listed shares of PDD Holdings (PDD) are advancing 3.5% in premarket trading after the Chinese e-commerce company posted better-than-expected profit.

PDD, which also owns discount shopping platform Pinduoduo as well as fast-fashion marketplace Temu, registered Q2 adjusted earnings per ADS of 19.33 Chinese yuan ($2.88). Analysts surveyed by Visible Alpha had expected 18.44 yuan ($2.74).

PDD’s revenue of 112.4 billion yuan ($16.72 billion) increased 8% year-over-year but was below Visible Alpha consensus of 115.3 billion ($17.15 billion).

Temu and fast-fashion rival Shein have had to deal with the May expiration of the de minimis loophole, which had exempted imported packages worth less than $800 from U.S. taxes, duties, and tariffs.

“Since the start of the year, global trade and regulatory landscapes have continued to evolve, creating significant challenges while also presenting new opportunities,” PDD Holdings CEO Lei Chen said. “We feel a strong sense of responsibility that comes with our unique position in global trade and will work diligently to build a trustworthy platform that consumers can rely on over the long run.”

U.S.-listed shares of PDD entered Monday down 22% this year.

Alibaba Shares Fall After $10.2B Share Placement to Fund AI Ambitions

FROM 1 hr 8 min ago

U.S.-listed shares of Alibaba (BABA) fell in premarket trading, after the Chinese e-commerce and cloud giant raised 80 billion Hong Kong dollars ($10.2 billion) in a secondary share sale to fund its AI goals.

The move comes amid intensifying competition in the space, with leading American firms such as Amazon (AMZN) and Google parent Alphabet (GOOGL) pledging hundreds of billions of dollars in capital expenditures this year to fund their AI buildout.

Alibaba shares were down 2% recently.

–Kara Greenberg

Here’s How Much CrowdStrike Stock Is Expected to Move After Earnings

FROM 1 hr 42 min ago

CrowdStrike is scheduled to report earnings after markets close on Wednesday, with traders anticipating a big move from the cybersecurity giant’s stock.

Based on current options pricing, CrowdStrike (CRWD) shares are seen swinging up to 8% in either direction by the end of the week. A move of that size from Friday’s close could send the shares as high as $206, approaching their highs earlier this month, or drag them below $175.

CrowdStrike shares have surged more than 60% since the start of the year, as the cybersecurity industry has managed to shake off worries about AI disruption. Strong first-quarter results and a string of high-profile security incidents in recent months have boosted expectations that growing AI adoption and related risks will drive enterprise spending on cybersecurity software.

Bank of America analysts wrote recently that expectations are running high heading into the report, which could make it harder for CrowdStrike to impress with its results. The analysts said investors will likely be focused on the company’s “ability to convert AI-driven security demand” into sales for its Falcon platform. 

Read the full article here.

–Aaron McDade

What to Expect in Markets This Week: Nvidia Earnings; Software Firms, Discount Stores Also Report

FROM 2 hr 14 min ago

Anxious about Nvidia’s results? You’re likely not alone.

The stock sold off in the wake of its last three quarterly reports. Another re-evaluation could come Wednesday, when the world’s most valuable company hands in its second-quarter results.1

The AI chipmaker has had an active summer. CEO Jensen Huang announced a new chip purpose-built to power on-device AI agents, while the company made progress on its attempts to sell chips in China, and struck deals to help finance the AI data center buildout. The stock, meanwhile, has had a volatile year, but it’s mostly risen, up 15% in 2025 though off its May highs.

Last quarter, Nvidia beat expectations and brightened its outlook, with Huang saying demand “has gone parabolic” as companies race to build AI infrastructure. Revenue climbed 85% year-over-year, with data center sales nearly doubling.

Read the full article here.

–Sarina Trangle

Stock Futures Point to Lower Open After Losing Week

FROM 2 hr 40 min ago

Futures contracts tied to the Dow Jones Industrial Average pointed fractionally lower.

S&P 500 futures were down 0.2%.

Nasdaq 100 futures were 0.5% lower.