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CNBC

We're upgrading Palo Alto as shares tumble 10% despite strong earnings

* S&P 500 edges up, bonds stabilize after yield spike. * Dell surges 13.5% on strong AI-server demand. * Palo Alto cut to Hold; Broadcom earnings due tonight. S&P 500 rose modestly Wednesday, aiming to end a three-day losing streak. Bonds steadied after the 10-year yield hit its highest level since November 2023. Dell jumped 13.5% on upbeat AI-server demand, lifting Nvidia 3%. Palo Alto Networks fell more than 10% despite solid results; the Club trimmed the position pre-earnings and now rates it Hold with a $400 target. GE Vernova recovered after news of a potential Venezuela power-grid deal. Broadcom, Snowflake, HPE, NetApp, Five Below and PVH report after the bell.
September 2, 2026 at 3:09 PMDELLNVDAPANWGEVAVGOSNOWHPENTAPFIVEPVH
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