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☆ Palo Alto Networks soars 15% after earnings report. What the pros say to do next
▼ + stars: | 2023-08-21 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto Networks soars 15% after earnings report. What the pros say to do nextJim Cramer, Dan Ives of Wedbush Securities, Joe Terranova of Virtus Investment Partners and Steve Weiss of Short Hills Capital discussed Palo Alto Networks after the cybersecurity company reported better-than-expected earnings.

Persons: Jim Cramer, Dan Ives, Joe Terranova, Steve Weiss Organizations: Wedbush Securities, Virtus Investment Partners, Short Hills Capital, Palo Alto Networks

☆ Palo Alto Networks rewards our faith in the stock, leading us to adjust our price target
▼ + stars: | 2023-08-21 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Palo Alto Networks (PANW) shares jumped more than 15% on Monday, clawing back in one session most of the damage they incurred since the beginning of August. PANW YTD mountain Palo Alto Networks YTD performance Bottom line The concern over whether a summer Friday evening earnings release might mean bad news proved unwarranted. Palo Alto Networks delivered largely better-than-expected quarterly numbers, with even better guidance for the current quarter (fiscal 2024 first quarter), full-year fiscal 2024, and beyond. Roadmap for AI Palo Alto management also talked about how artificial intelligence will revolutionize their ability to safeguard computer networks and catch hackers in the act of a breach. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: clawing, That's, Nikesh Aurora, Fortinet, billings, we're, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, Refinitiv, billings, Alto Networks, Management, Alto, Palo, Billings, TAM, CNBC, Bloomberg, Getty Locations: Palo, billings, Palo Alto, Santa Clara , California, U.S

☆ Companies need 2-3 year road maps to modernize and create an AI stack: Palo Alto Networks CEO
▼ + stars: | 2023-08-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies need 2-3 year road maps to modernize and create an AI stack: Palo Alto Networks CEOPalo Alto Networks Chairman and CEO Nikesh Arora goes one-on-one with 'Mad Money' host Jim Cramer to talk quarterly results, cybersecurity, competition in the space and more.

Persons: Nikesh Arora, Jim Cramer Organizations: Companies, Alto, Palo Alto Networks

☆ Stocks making the biggest moves midday: Palo Alto Networks, Nvidia, Tesla, Marvell and more
▼ + stars: | 2023-08-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Palo Alto Networks — The security software provider jumped 15.2% after Palo Alto beat expectations for earnings when reporting after the bell Friday. Goldman Sachs reiterated the stock as a buy following its report. Permian shares were flat. Xpeng — The Chinese electric vehicle maker jumped 9.8% following an upgrade to buy from neutral by Bank of America. Farfetch — The e-commerce fashion company's shares jumped more than 5% Monday.

Persons: Goldman Sachs, Earthstone, Baird, Napco, Xpeng, Tesla, Farfetch, Acushnet, Jefferies, —, Sarah Min, Hakyung Kim, Samantha Subin Organizations: Nvidia, Palo Alto Networks, Palo Alto, Earthstone, Nvidia —, HSBC, Napco Security Technologies, Bank of America, Volkswagen, VMWare, Broadcom, United Kingdom's, Markets Authority, Acushnet Holdings Locations: Santa Clara , California, China

☆ Stocks making the biggest premarket moves: Palo Alto Networks, Earthstone Energy, Nvidia, VMware and more
▼ + stars: | 2023-08-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. Palo Alto Networks — The security software vendor soared 12.5% following an earning's beat after the Friday market close. Earthstone Energy , Permian Resources — Earthstone jumped 7.5% in the premarket after Permian Resources agreed to buy the oil and gas company in an all-stock deal valued at about $4.5 billion, including debt. Nvidia — The leading AI semiconductor maker gained 2.6% premarket after HSBC reiterated a buy rating and raised its target price. The e-commerce fashion platform's shares tanked after second quarter revenue came in lower than expected.

Persons: Earthstone, Baird, Gross, Napco, XPeng, Tesla, —, Samantha Subin, Alex Harring, Hakyung Kim, Pia Singh Organizations: Palo Alto Networks, Refinitiv, Earthstone, Resources, Nvidia, HSBC, Napco Security, Bank of America, Volkswagen, VMware, Broadcom, United Kingdom's, Markets Authority Locations: Palo, Santa Clara , California, U.S, Refinitiv ., China

☆ Palo Alto Networks CEO warns companies need modern, integrated cybersecurity: 'the bad actors are moving faster'
▼ + stars: | 2023-08-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Palo Alto Networks CEO Nikesh Arora told CNBC's Jim Cramer on Monday that companies need integrated, modernized cybersecurity systems in order to protect themselves from "bad actors" who are getting faster at gaining access to sensitive information. Arora said the problem isn't that companies lack cybersecurity vendors. "It's important for us to make sure we're ready to deflect the stuff in hours, not in days," Arora continued. Palo Alto Networks' stock was up nearly 15% by Monday's close, likely driven by a Friday after-hours earnings report that showed the company's revenue increased 26% compared with the year-ago quarter. Palo Alto Networks' revenue came in at $1.95 billion, slightly below $1.96 billion consensus estimates, according to Refinitiv.

Persons: Nikesh Arora, CNBC's Jim Cramer, Arora, Estee Lauder, Monday's Organizations: Palo Alto, Securities, Exchange Commission, SEC, Alto Networks, Palo Alto Networks Locations: Freeport

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Nvidia, Disney, Salesforce, Palo Alto & more
▼ + stars: | 2023-08-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs reiterates Palo Alto Networks as buy Goldman said it's standing by its buy rating on the stock following its earnings report on Friday evening. Citi reiterates Snowflake as buy Citi said it's sticking with its buy rating heading into earning later this week. Bank of America reiterates Amazon as buy Bank of America said Amazon continues to gain share. Bank of America reiterates Walmart as buy Bank of America said Walmart is better positioned in the current environment over Target. Bank of America reiterates Salesforce as buy Bank of America said Salesforce is the "next quality GARP stock."

Persons: Goldman Sachs, Goldman, Snowflake, Morgan Stanley, Jefferies, Read, Tim Hortons, Burger King, Patrick Doyle, Salesforce, Baird, it's, Raymond James, Marvell, Scott Mlyn Organizations: Credit Suisse, Disney, Networks, Citi, Taiwan Semiconductor, Bank of America, of America, China, Volkswagen, VW, JPMorgan, Brands, Restaurant Brands, " Bank of America, Walmart, Nvidia, Live Nation Entertainment, CNBC Locations: New York

☆ Cramer tells investors to stick with their convictions during a tough market
▼ + stars: | 2023-08-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday encouraged investors to stick with their own convictions when the market is turbulent or confusing. The market, he said, is currently tough, with the S&P 500 and the Nasdaq coming off three weeks of losses. "This market's best buys come not immediately after the quarter, but when the wrongheaded sellers or buyers come in," Cramer said. "Don't respect their vision, respect your own. When Palo Alto Networks ended up reporting a solid quarter, its stock recovered from the drop and was up nearly 15% by Monday's close.

Persons: CNBC's Jim Cramer, Cramer, Nikesh Arora, Monday's Organizations: Nasdaq, Palo Alto Networks, Apple, Meta, GE HealthCare, Walmart, Microsoft, Nvidia Locations: Palo, Palo Alto

☆ Monday, Aug. 21, 2023: Cramer buys more of these two stocks
▼ + stars: | 2023-08-21 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Monday, Aug. 21, 2023: Cramer buys more of these two stocksJim Cramer and Jeff Marks share why they are buying more shares of two portfolio holdings after exiting an oil position. Jim breaks down the latest earnings report from Palo Alto Networks and what it means for the company's near-term outlook. Jim also discusses what stocks are in good position to be bought with the S&P Oscillator showing oversold market conditions.

Persons: Cramer, Jim Cramer, Jeff Marks, Jim Organizations: Palo Alto Networks

☆ Jim Cramer looks back on Palo Alto Networks' earnings report
▼ + stars: | 2023-08-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer looks back on Palo Alto Networks' earnings report'Mad Money' host Jim Cramer talk the day's market action, how to play the current market and more.

Persons: Jim Cramer Organizations: Palo Alto Networks

☆ Palo Alto Networks shares rise more than 14% after earnings report
▼ + stars: | 2023-08-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Shares of Palo Alto Networks rose more than 14% in Monday morning trading, continuing a rally that began when the security software vendor reported stronger-than-expected fiscal fourth-quarter earnings last week. The company reported adjusted quarterly earnings per share of $1.44 versus a Refinitiv analyst consensus of $1.28 per share. There had been some concern among analysts that Palo Alto was slated to report bad news alongside its earnings, since it scheduled its earnings release date for after the bell Friday. As a result, Palo Alto stock fell as far as $208.02 after it announced its earnings release date. Palo Alto CEO Nikesh Arora described the pre-earnings concern as making for "some very interesting reading" in analyst reports.

Persons: Nikesh Arora, Brad Zelnick, Zelnick, Tal Liani Organizations: Palo Alto Networks, Palo Alto, Palo, Deutsche Bank, Bank of America, " Bank of America Locations: Palo Alto

☆ S&P 500 futures are little changed Sunday after another losing week: Live updates
▼ + stars: | 2023-08-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. U.S. S&P 500 futures were little changed on Sunday night after another losing week for the major averages. Meanwhile, the S&P 500 edged down 0.01%, while the Nasdaq Composite fell 0.2%. The Nasdaq Composite closed the week lower about 2.6%, down for a third straight week for the first time since December. And the S&P 500 dropped 2.1% and posted its third consecutive losing week, which hadn't happened since February.

Persons: Quincy Krosby, They're, Jerome Powell Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Palo Alto Networks, Investors, Dow Jones, Dow, LPL, Nvidia, Federal Locations: New York City ., China, , Wyoming

☆ On tap next week: 2 housing reports and 2 Cub earnings releases. Here's what we're looking for
▼ + stars: | 2023-08-19 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

All three major U.S stock indices pulled back this week, as earnings season wound down and retail earnings painted a mixed picture of the state of the economy. Looking to next week, we'll be watching how shares of Club name Palo Alto Networks (PANW) open on Monday. With mortgage rates hitting the highest level in over two decades this week, affordability remains a major impediment for the housing market. Earnings : Club name Foot Locker (FL) reports quarterly results Wednesday before the opening bell, while Club holding Nvidia (NVDA) releases after the close that same day. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: we'll, Locker, Mary Dillon, Lowe's, Jim Cramer's, Jim Cramer, Jim, Kelter Davis Organizations: Nasdaq, Dow Jones, TJX, Walmart, Federal Reserve, U.S, Palo Alto Networks, Palo, Club, Nvidia, Lufax, Baidu, Dick's Sporting, Coty, COTY, Urban Outfitters, Parts, Devices, Sonoma, Body, Abercrombie, Fitch, Autodesk, TD Bank, Royal Bank of Canada, Marvell Technology, Intuit, Nordstrom, Jim Cramer's Charitable, CNBC, Shoppers, Bloomberg, Getty Locations: U.S, China, Friday's, Williams, Burlington, Chicago , Illinois

REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Aug 18 (Reuters) - Lawyers for Sam Bankman-Fried on Friday rejected as "entirely inadequate" the U.S. government's plan for letting the jailed founder of the collapsed FTX cryptocurrency exchange prepare for his October fraud trial. Bankman-Fried's lawyers asked that he be allowed to meet with them five days a week at the Manhattan federal courthouse in preparation for the Oct. 2 trial. The Brooklyn jail, with about 1,549 inmates, has been plagued by conditions that public defenders have called "inhumane." A federal judge suggested in 2021 that the jail and a now-closed federal jail in Manhattan were "run by morons." Bankman-Fried's lawyers previously represented Ghislaine Maxwell, the former girlfriend of disgraced financier Jeffrey Epstein, who complained for months that she could not prepare effectively in the Brooklyn jail for her sex trafficking trial.

Persons: Sam Bankman, Mike Segar, District Judge Lewis Kaplan, Fried, Damian Williams, Prosecutors, Kaplan, Bankman, Ghislaine Maxwell, Jeffrey Epstein, Jonathan Stempel, Rosalba O'Brien Organizations: Court, REUTERS, District, Google, Metropolitan Detention, morons, Thomson Locations: New York City , New York, U.S, Manhattan, Brooklyn , New York, Brooklyn, Palo Alto , California, New York

☆ Palo Alto's surge in product growth is undergoing digestion, says Jefferies' Joseph Gallo
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto's surge in product growth is undergoing digestion, says Jefferies' Joseph GalloJoseph Gallo, software analyst at Jefferies, joins 'The Exchange' to discuss conspiracy theories circulating around Palo Alto Networks, worrisome earnings results from Fortinet, and more.

Persons: Jefferies, Joseph Gallo Joseph Gallo Organizations: Jefferies, Palo Alto Networks Locations: Palo

☆ Palo Alto shares rise on earnings beat, surprising investors who worried about a Friday report
▼ + stars: | 2023-08-18 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022. Palo Alto Networks shares jumped as much as 9% in extended trading on Friday after the security software vendor reported earnings that exceeded analysts' estimates. Revenue in its fiscal fourth quarter increased 26% from $1.6 billion a year earlier, Palo Alto said. Palo Alto announced its earnings date on Aug. 2. WATCH: Jim Cramer interviews Palo Alto Networks CEO Nikesh Arora

Persons: Arora, Palo, Nikesh Arora, Jim Cramer Organizations: Palo Alto Networks, Refinitiv, Refinitiv ., Refinitiv . Revenue, Palo, Palo Alto Locations: Palo, Davos, Switzerland, Refinitiv ., Palo Alto, West

☆ Cybersecurity firm Palo Alto projects strong annual billings, shares rally
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Aug 18 (Reuters) - Palo Alto Networks (PANW.O) forecast annual billings above market estimates on Friday, in a sign that more businesses were turning to its integrated cybersecurity offerings to combat rising digital threats. Palo Alto projected full-year billings to be between $10.9 billion and $11.0 billion, compared with the Visible Alpha consensus estimate of $10.80 billion. Shares of Santa Clara, California-based Palo Alto have declined around 17% since it set Friday as its earnings date earlier this month — a move some analysts termed as "head scratching". Its fourth-quarter revenue grew about 26% to $1.95 billion, roughly in line with analysts' expectations, according to Refinitiv data. Palo Alto expects annual adjusted profit per share to be between $5.27 and $5.40, compared with analysts' expectations of $4.98.

Persons: billings, Nikesh Arora, Jaspreet Singh, Shilpi Majumdar Organizations: Palo Alto Networks, Palo Alto, platformization, Global, Palo, Software Technologies, Thomson Locations: billings, Santa Clara , California, Alto, Bengaluru

☆ Stocks making the biggest moves premarket: Estee Lauder, Bloomin' Brands, Palo Alto Networks and more
▼ + stars: | 2023-08-18 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Palo Alto Networks — Shares of the cybersecurity company edged 1.8% lower in premarket trading Friday. Palo Alto Networks' fiscal fourth-quarter earnings are expected to come out Friday afternoon. Analysts surveyed by FactSet's StreetAccount called for $1.96 billion in revenue and earnings per share of $1.29. The company reported adjusted earning per share of 7 cents, while analysts surveyed by Refinitiv had forecast a loss of 4 cents per share. The electronic design company said it anticipates adjusted earnings of $1.83 to $1.89 per share on revenue of $1.29 billion to $1.31 billion.

Persons: FactSet's StreetAccount, Alibaba, PDD, Nio, Estee Lauder —, Estee Lauder, Refinitiv, Keysight, Jeffrey Smith's, — CNBC's Michelle Fox Theobald, Jesse Pound Organizations: Palo Alto, Palo Alto Networks, Ross, Ross Stores, Refinitiv . Revenue, Technologies, Street Journal

☆ Bonds find respite but China crisis festers
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. But equally there was little let-up in the bad news from China's ailing economy and real estate sector. China's securities regulator said on Friday it would cut trading costs, support share buybacks and introduce long-term capital as it unveiled a package of measures aimed at reviving the stock market and boosting investor confidence. Other Asian bourses and European stocks fell too, with U.S. stock futures also in the red before the open. Emerging market equity indices (.MSCIEF) teetered near two-month lows too.

Persons: Brendan McDermid, Mike Dolan, HSI, teetered, Estee Lauder, Joe Biden, Fumio Kishida, Yoon Suk, Elaine Hardcastle Organizations: New York Stock Exchange, REUTERS, Bank of America, Federal, Jackson, China, HK, People's Bank of, U.S, Japan's, Palo Alto Networks, Deere, Treasury, Japan, South, Camp David Reuters Graphics Reuters, Reuters, Reuters Graphics, Thomson Locations: New York City, U.S, China, Treasuries, Beijing, Philadelphia, Shanghai, Hong Kong, People's Bank of China, South Korea

☆ With the market oversold, we're going to hold our noses and do some buying
▼ + stars: | 2023-08-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Stocks fall, market oversold Stocks are lower again Friday, putting the S & P 500 on track for a third-straight week of declines for the first time since February. But the market is, at least, finally oversold, with the S & P 500 Short Range Oscillator at minus 4.54% following Thursday's sell-off. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Estee Lauder, That's, Fabrizio Freda, We'll, Palo, let's, Nikesh Arora, Jim Cramer's, Jim Organizations: CNBC, Prestige, Palo Alto Networks, Nvidia Locations: Palo, FL

☆ Three-Stock Lunch: Palo Alto Networks, Deere & Ross Stores
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Palo Alto Networks, Deere & Ross StoresGina Sanchez, Lido Advisors chief market strategist, joins ‘Power Lunch’ to discuss three stocks: Palo Alto, Deere and Ross.

Persons: Gina Sanchez Organizations: Alto Networks, Deere, Ross, Lido Advisors, Palo Locations: Palo Alto, Ross

☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

☆ Cybersecurity 'still number one on the agenda in boardrooms,' Cramer says as Palo Alto reports
▼ + stars: | 2023-08-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Palo Alto Networks is set to release earnings for its fiscal fourth quarter on Friday after the closing bell. The firm predicted Palo Alto could reach a valuation of $100 billion over the next few years, a sizeable upside from its current $65 billion market capitalization. Palo Alto's edge Palo Alto has a track record of overcoming market headwinds in the long term. In a saturated cybersecurity market, Palo Alto is the "only real soup-to-nuts cyber play ," Jim said recently, allowing it to dominate the field. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Palo, Jim Cramer, Wolfe, Nikesh Arora's, That's, Tenable, Jim, Jim Cramer's, David Paul Morris Organizations: Palo Alto Networks, Alto Networks, Palo Alto, Barclays, RBC Capital Markets, Nike Inc, Wolfe Research, Palo, CNBC, Bloomberg, Getty Locations: Palo Alto, Palo, PANW, Santa Clara , California, U.S

☆ S&P 500 futures are little changed after major indexes post third straight losing day: Live updates
▼ + stars: | 2023-08-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Thursday night after the major averages dropped for a third straight day. Dow Jones Industrial Average futures rose by 11 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.02% and 0.12%, respectively. Meanwhile, the S&P 500 declined 0.77%, and the Nasdaq Composite slid 1.17%. Meanwhile, the S&P 500 is headed for a third straight week of losses, a streak that hasn't happened since February.

Persons: Group's Guy Adami, CNBC's, Dow Organizations: NYSE, Dow Jones Industrial, Nasdaq, Materials, Ross Stores, Dow, Treasury, Federal Reserve, Dow Transports, Russell, Palo Alto Networks

☆ It's peak petty season for tech bros right now
▼ + stars: | 2023-08-16 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Pettiness is the order of the day for prominent tech bros.Elon Musk, Mark Zuckerberg, and others are behaving similarly amid their rivalries with each other. It comes at an awkward moment: petty season has come straight after layoff season. Whatever the case, it's got tech bros stooping to new depths of pettiness. Musk's response, in peak petty fashion, was to suggest that he'd rock up at Zuck's home in Palo Alto and fight him there. Tens of thousands of tech workers have been laid off in recent months amid claims that they need to get serious.

Persons: Pettiness, Elon Musk, Mark Zuckerberg, it's, Dana White, Zuck, Satya Nadella, Microsoft's, OpenAI, Nadella, Jack Dorsey, Jeff Bezos Organizations: bros, Morning, New York Times, Facebook, Washington Post, UFC, Tech bros Locations: Silicon Valley, Musk's, Palo Alto, Zuck

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