Stock Market Update: Major Movers on Thursday
The stock market saw a decline overall, with the Dow Jones index dropping over 400 points on Thursday. However, some large-cap stocks showed notable gains during the session.
Datadog's Strong Performance
Datadog (NASDAQ: DDOG) surged sharply after reporting third-quarter financial results that exceeded expectations and issuing fourth-quarter guidance above analyst estimates. The company also raised its full-year 2025 guidance beyond prior forecasts.
- Reported earnings of 55 cents per share, beating the consensus estimate of 46 cents.
- Quarterly sales reached $885.651 million, surpassing the estimated $852.781 million.
- Shares jumped 20%, closing at $186.13 on Thursday.
Other Notable Gainers
Several other large stocks also recorded gains during the trading session, though specifics were not detailed.
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Disclaimer: Benzinga does not provide investment advice.
Author's summary: Despite broad market declines, Datadog and other major stocks showed strong gains on improved earnings and optimistic forecasts, highlighting selective strength amid volatility.
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