| Friday's Markets | |
|---|---|
| S&P 500 6,870 (+0.19%) |
|
| Nasdaq 23,578 (+0.31%) |
|
| Dow 47,955 (+0.22%) |
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| Bitcoin $89,150 (-3.27%) |
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IBM (NYSE:IBM) is close to acquiring Confluent (NASDAQ:CFLT), reports The Wall Street Journal, for around $11 billion. It comes as the computing giant plans thousands of layoffs by the end of the year, after beating expectations in the third quarter with a 9% revenue rise.
Lululemon (NASDAQ:LULU) reports Q3 on Thursday, after Q2 contrasted international growth with a reset in the company's stalling U.S. business. Against a tough competitive environment, Fool analyst Sanmeet Deo, CFA, said at the time, "While the short-term situation seems dire (and could worsen in the quarters ahead), there is acknowledgment that the brand worth hasn't deteriorated."
We'll have Q4 figures from Broadcom (NASDAQ:AVGO) Thursday, with AI demand helping boost the chip and software maker in Q3 -- as AI semiconductor revenue climbed 63% year over year (YOY). It follows Wednesday's expected Q4 update from chip design software specialist Synopsys (NASDAQ:SNPS), after a miss against Q3 expectations led to a full-year guidance cut.
Markets held level last week, with the S&P 500 up 0.31% and the Nasdaq rising 0.91%. Futures for the two key indexes edged up in early trading this morning, 0.2% and 0.3%, respectively.
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