Stock Market Live November 7: S&P 500 (VOO) Tumbles as Earnings Weaken
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Key Earnings Highlights
- Canopy Growth (Nasdaq: CGC), a notable Canadian marijuana stock, reported a fiscal Q2 2026 loss of Cdn$0.01, which was better than the expected loss of Cdn$0.13.
- The company’s revenue reached Cdn$67 million for the quarter, exceeding estimates by more than Cdn$15 million.
- Following the news, Canopy Growth shares rose over 3%, while the Vanguard S&P 500 ETF (VOO) declined by 1%.
- Contrasting losses from Constellation, Duke Energy (NYSE: DUK) surprised investors with a Q3 profit of $1.81 per share, beating estimates by five cents.
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Market movements reflect mixed earnings reports, with some sectors showing resilience despite broader market weakness.
Author’s summary: Despite weak earnings depressing the S&P 500, companies like Canopy Growth and Duke Energy delivered positive surprises, highlighting contrasting sector performances.
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