"With the government shut down, there's little hope of optimistic economic data goosing the market higher. Actually, the contrary is more likely, with investors wondering what bad news might be going unreported by government agencies that have gone silent. If there is good news to report, something to provide catalysts to drive stock prices higher, it's probably going to have to come from companies themselves. Luckily, earnings season ramps back up next week, with big banks starting to report their Q3 profits."
"Applied Digital ( Nasdaq: APLD) beat "earnings" by 11 cents last night, reporting a fiscal Q1 2026 loss of only $0.03 where Street analysts forecast a $0.14 loss. Even better, Applied did $64.2 million in revenue for the quarter, well ahead of the $51 million forecast. Jeans-maker Levi Strauss & Co. ( NYSE: LEVI) beat by four cents with a $0.34 per share third quarter 2025."
Vanguard S&P 500 ETF (VOO) fell 0.3% on Thursday amid the U.S. government shutdown and was up less than 0.1% premarket on Day 10. The shutdown has curtailed economic data releases and raised investor concern about unreported negative information. Market-moving news will likely come from corporate reports rather than government data. Earnings season intensifies next week with major banks reporting Q3 results. Early reporters included Applied Digital, which posted a fiscal Q1 2026 loss of $0.03 and $64.2 million in revenue, and Levi Strauss, which beat Q3 estimates but guided lower for full-year 2025.
Read at 24/7 Wall St.
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