By George Glover, Mackenzie Tatananni, and Connor Smith

Stocks fell Thursday as the odds of a December rate cut retreated and the end of the longest U.S. government shutdown in history failed to boost markets.

These stocks moved:

Disney shares tumbled 7.8% after the entertainment giant posted fiscal fourth-quarter results. Revenue was roughly flat year over year, while operating income declined 5% to $3.48 billion. Disney reiterated fiscal 2026 guidance for double-digit adjusted earnings growth and doubled its share repurchases target to $7 billion.

Tesla fell 6.6%. The stock has fallen three times and risen just once since the company's annual meeting on Nov. 6, where CEO Elon Musk learned that shareholders voted in favor of his trillion-dollar 2025 pay award by a margin of roughly three-to-one.

Cisco Systems rose 4.6%. The networking company reported better-than-expected earnings and revenue in its fiscal first quarter. Cisco also provided a strong financial forecast. For the current quarter, it expects earnings of between $1.01 and $1.03 a share, above analysts' estimates.

U.S.-listed shares of JD.com pared earlier gains to fall 1.7%. The Chinese e-commerce giant posted third-quarter revenue and net income that topped analysts' expectations. Revenue for JD's retail unit climbed 11% from a year ago to 250.6 billion yuan ($35.2 billion).

Dollar Tree slipped 2.9% to $103.15. Goldman Sachs double-downgraded shares of the discount retailer to Sell from Buy and lowered its price target to $103 from $133.

Nike rose 2.9% to $66.03. Wells Fargo upgraded the sportswear maker's shares to Overweight from Equalweight and hiked its price target on the stock to $75 from $60, suggesting it could rise 17% from Wednesday's closing price of $64.20.

Memory-chip stocks fell. Micron Technology declined 3.3%, Sandisk sank 14%, Western Digital was down 5.4%, and Seagate Technology fell 7.3%. The selloff came after Japanese peer Kioxia reported disheartening results for the six months ended Sept. 30. Operating profit sank 55% and revenue decreased 16% from a year ago.

Newmont fell 3.6% after rising in the premarket session. Shares ended Wednesday's session up 3.5%, boosted by a rally in precious metals. Coming into Thursday, the stock has risen 150% this year.

Sealed Air stock jumped 17%. Buyout firm Clayton Dubilier & Rice is in talks to take the packaging company private, The Wall Street Journal reported late Wednesday, citing people familiar with the matter. While the report is unconfirmed, investors have been pushing the company to "take drastic action" regarding its product portfolio, Mizuho analyst Edlain Rodriguez said.

Toyota Motor's American depositary receipts were down 1.9%. The Japanese auto maker said it would recall more than 126,000 U.S. vehicles, citing concerns that debris from the manufacturing process could contaminate the engine and cause it to stall.

CoreWeave slid 8.3%, following a broader slump in shares of companies focused on building and renting out cloud-computing facilities. CoreWeave fell 3.4% on Wednesday and slumped 16% on Tuesday.

Circle Internet Group declined 4.1% to $82.34. J.P. Morgan analyst Kenneth Worthington double-upgraded shares of the stablecoin issuer to Overweight from Underweight on Thursday with a $100 price target, up from $94. Worthington's updated target suggests shares could rise by nearly 20%.

Starbucks fell 0.9% to $86.44. More than 1,000 workers began striking on Thursday during the coffee chain's Red Cup Day promotional event. A Barron's technical analysis indicates the stock could break out as it moves above a bearish descending triangle pivot near $86.

Chip equipment manufacturer Applied Materials, meatpacker JBS, and media company Newsmax were set to report earnings after the closing bell Thursday.

Write to George Glover at george.glover@dowjones.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 13, 2025 16:19 ET (21:19 GMT)

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