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This article will be updated throughout the day, so check back often for more daily updates.
Cryptocurrency investors had a bad day on Monday, as Bitcoin prices fell 6%, Ether 8%, and Solana 9%. The Vanguard S&P 500 ETF (NYSEMKT: VOO) lost 0.5%.
Crypto prices are turning around early Tuesday, however, with Bitcoin, for example, gaining back 2% this morning as traders seek a bottom. Some tech shares are also reversing higher, and premarket, the Voo is up 0.3%.
There’s no positive economic news behind the reversal — yet. But next week, the Federal Open Markets Committee is scheduled to meet and perhaps decide to lower interest rates again, which traders would consider a bullish development. Market pundits put the chance of another rate cut at nearly 88%.
Earnings
Database software company MongoDB (Nasdaq: MDB) beat earnings by 51 cents last night, reporting $1.32 per share in fiscal Q3 2026 profit. Revenue for the quarter also exceeded expectations at $628.3 million, and MongoDB guided higher as well. For all of fiscal 2026, MongoDB forecasts earnings between $4.76 and $4.80, and revenue of more than $2.4 billion.
Wall Street was only looking for $2 billion, and so MongoDB stock is soaring 23% premarket.
A second tech company pulling the market higher is Credo Technology Group (Nasdaq: CRDO). Credo beat earnings by 18 cents last night with a Q2 profit of $0.67 per share. Revenue was an unexpectedly strong $268 million, and Credo guided for fiscal Q3 2026 revenue of $335 million to 345 million.
The stock is up more than 15% premarket.
The good earnings news is continuing into the morning, with Signet Jewelers (NYSE: SIG) beating by 39 cents today — a $0.63 per share Q3 profit. Revenue edged out consensus forecasts at $1.4 billion versus the consensus estimate of $1.36 billion.
Turning to guidance, however, Signet had cautious words about the “measured consumer environment” and “tariff impacts on holiday receipts.” The stock is down nearly 3% as investors worry Q4 won’t be as strong as Q3 was.