Stock Market Today: MongoDB and Boeing Define Tuesday Rebound Trade; American Eagle, CrowdStrike, and Marvell Report

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Happy Tuesday. This is TheStreet’s Stock Market Today for Dec. 2, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 4:14 p.m. ET

After Hours Earnings

Estimates are provided by LSEG unless otherwise stated

• CrowdStrike : Adjusted EPS of $0.96 (vs. 0.94*) | Revenue of $1.234 billion (vs. $1.216 billion)

• Marvell Technology : Adj. EPS of $0.76 (vs. $0.73 consensus) | $2.07 billion (+37% YoY) ($2.07 billion consensus)

• GitLab : Adj. EPS of $0.26 (vs. $0.20) | $244.4 million (vs. $239.7 million)

• Box Inc : Adj. EPS of $0.31% (vs. $0.31) | Revenue of $301 million (vs. $299.1 million)

• American Eagle : EPS of $0.53 | $1.362 billion (vs. $1.31 billion)

Other News

• Nike will eliminate CTO role; appoint supply chain lead as COO as part of "Win Now" business goals.

• Netflix, Comcast, and Paramount Skydance submit revised offers for Warner Bros. Discovery in new bidding round

• Omnicom to cut over 4,000 jobs in reorganization

• Microchip Technology raises Q3 guidance; expects revenue +12% YoY and non-GAAP EPS about $0.40 as activity remains strong

• Jessica Ross will join GitLab as Chief Financial Officer on Jan. 15, 2026

• Accel Entertainment will acquire Nevada-based Dynasty Games

Update: 4:00 p.m. ET

Closing Bell

The U.S. equity markets are now closed. Despite a tepid showing in the midday, equities finished out the day fairly strong -- at least if you were in the large cap camp.

The Nasdaq (+0.59%), Dow (+0.39%), and S&P 500(+0.25%) all showed out, while the Russell 2000 (-0.20%) registered a small decline. In total, the number of declining equities (50.5%) narrowly edged advancing names (46.5%) by the end of the day, due in part to a late downturn in the small cap index.

In Focus: Russell 2000

There's a lot to take in here, but here's the Russell 2000 at the end of the day for context -- the brightest red names (in biotech and capital markets, namely) saw the largest declines. The brightest green (namely in semiconductors and industrials) saw the largest gains:

Update: 12:56 p.m. ET

Midday Movers: MongoDB, Boeing, Symbotic, Hut 8

Equity benchmarks have faced a modest pullback, but all four indexes remain in the green for now. If we can zoom out and look at the whole market, about half of the issues (49.8% or 2,758) are in decline right now. Let's take a look at the top and bottom 20 among firms with at least a $2 billion market cap:

Winners

Atop the list today, MongoDB (+23.2%), which is soaring after topping expectations and raising its outlook. It reached a new 52-week high on the results, which came courtesy of AI growth.

It's joined by Falcon's Beyond Global (+22%), a name which has gyrated in recent days. Go back over the last few days and you'll see it constantly switches between the best and worst performers. Today, it's up on news it's joining the Russell 2000 Index.

Rounding out the top three, there's Vera Therapeutics (+19%), which is experiencing some classic biotech volatility. A few weeks back, the company submitted an application for atacicept to the FDA, seeking accelerated approval for the investigational drug for IgA nephropathy.

Also notable in this list: Boeing (+9.1%) is having a banner day after weeks of seeing its stock price decline. The news comes after the CFO of the company stressed more deliveries of its flagship 737 and 787 aircraft next year, plus a return to positive free cash flow.

Here's the full list:

Losers

On the other end of the market, robotics and automation firm Symbotic (-17.6%) is coming back to earth after reaching a 52-week high in recent trading sessions, downgraded by Goldman Sachs amid worries about a significant pullback. The company's largest customers include Walmart and Target.

It's joined by Hut 8 Corp (-12%), which is declining as its investment in the Trump-associated American Bitcoin (-38%) gets hammered. At one point, the decline in the lesser-known bitcoin miner was upwards of 51%. It also came despite the wider crypto market, including bitcoin, being up -- perhaps a testament to worries with the risk of bitcoin miners becoming unprofitable.

Finally, ImmunityBio (-9.1%) is facing declines without any clear news. It's now down more than 21% this year.

Here's the bottom 20:

Update: 12:31 p.m. ET

Midday Moment: S&P 500

Among large cap indexes, the S&P 500 (+0.33%) is currently sitting backseat to a strong Dow (+0.57%) -- buoyed by Boeing (+8%) -- and tech-heavy Nasdaq (+0.78%). Here's how that looks as we roll into midday:

Update: 9:42 a.m. ET

Opening Bell

The U.S. markets have now been open for a few minutes. At last glance, all four equity indexes are in the green. The Nasdaq (+0.71%) and Russell 2000 (+0.61%) are repping the large cap and small cap trade, while the S&P 500 (+0.27%) and Dow (+0.07%) lag a little further behind.

Continuous futures for Crude Oil (-1.5% to $62.23), Gold (-0.55% to $4,251), and Silver (-0.92% to $58.59) are facing declines today. In addition, the 10Y Treasury is 1 bip higher at 4.106%.

Here are some of the big stories this morning (this will be updated periodically):

• MongoDB (+26%) after strong earnings, driven by AI growth

• Credo Technology Group (+19.4%), a key provider of wired connection infrastructure, sees revenue jump 272% thanks to hyperscaler spending

• Adobe reports that Black Friday online spending set new record at $11.8 billion, bringing five-day holiday shopping season to $44.2 billion

• Nvidia(+2.75%) gets nice bump to start trading day as it presents at UBS Conference

• Apple (+0.5%) hits fresh record at $284.53 after announcing AI leadership changes

• Amazon (+2%) announces new 'TPU-like' AI chip in direct shot at Nvidia

• OpenAI's Sam Altman circulates "code red" memo to employees after Alphabet and Anthropic launch strong new models to compete with ChatGPT

• Boeing (+8%) breaks out, lifting Dow as CFO promises "higher" 737 and 787 delivers next year; positive free cash flow

• Strategy (+6.2%) rebounds as Bitcoin jumps 5.9% in the last 24 hours; eclipses $90K

• Eventbrite (+47%) to be acquired for $500 million by Bending Spoons

• Michael and Susan Dell will contribute $250 to individual investment accounts for 25 million American children -- over $6 billion in total -- as part of new "Trump accounts" initiative, per NYT

Update: 7:42 a.m. ET

A.M. Update

Good morning. Futures are currently tilted to the upside after a so-so start to the week, which saw U.S. equities book declines after the abbreviated Thanksgiving holiday week. Here's what is on deck for today:

Earnings Today: BHP Group, CrowdStrike, American Eagle

This morning, MongoDB's after hour earnings have been the talk of the street. It was among the sole reports in yesterday's after hour slate, with its stock up more than 20% in the premarket. We'll get to see if today's largest reports can also deliver surprises of their own.

Here are all of the companies reporting today with at least a $1 billion market cap, per Nasdaq:

Economic Data + Events: Redbook, Vehicle Sales, Fed's Bowman to Speak

Today will be a sort of 'calm before the storm', with just a handful of economic data points and events on today's slate before a comparatively busy end to the week -- which will include the ISM PMI, Michigan Consumer Sentiment, and the last Jobless Claims before the Fed's December policy meeting.

Here's everything on deck today, per data from TradingEconomics:

This story was originally published by TheStreet on Dec 2, 2025, where it first appeared in the Latest Business & Market News section. Add TheStreet as a Preferred Source by clicking here.