Lauding its success in clearing through a hefty inventory pile, Nike on Tuesday reported quarterly results that easily topped analyst expectations while raising its guidance.

On Thursday, Adobe announced fourth-quarter earnings and gave guidance that exceeded Wall Street estimates. While the stock is down 42% so far this year, shares of the software company rose 6% in extended trading following the results.

Walt Disney shares fell 4.8% on Monday following a disappointing opening box office weekend for James Cameron's "Avatar: The Way of Water."

In the latest sign that staff layoffs are accelerating across Wall Street, a source familiar with the matter said Goldman Sachs Group Inc. is planning to cut thousands of employees to navigate a challenging economic environment.

As Warner Bros. Discovery tries to pare down operations, the company on Wednesday said it expects to face charges as much as $5.3 billion related to its acquisition of AT&T's WarnerMedia.

In the biggest order by a US carrier for wide-body jets, United Airlines Holdings Inc. said it would buy 100 of Boeing Co.'s 787 Dreamliners with options to purchase an additional 100.

On Tuesday, shares of Moderna Inc. and Merck & Co. rose after the two companies said a potential mRNA vaccine they are developing helped reduce deaths in melanoma patients.

In a week when Tesla's CEO lost his title as the world's wealthiest man on Bloomberg's ranking, Elon Musk unloaded more than $3.5 billion worth of shares over three days, a regulatory disclosure revealed Wednesday.

On Monday, shares of Oracle Corp. climbed as much as 4% after the software company posted second-quarter revenue nearly $200 million above its own guidance.

On Monday, US tech giant Microsoft agreed to take 4% ownership of the London Stock Exchange Group and shift the exchange's financial data platform onto the tech giant's cloud computing platform.

Chipmaker Broadcom Inc. reported solid fiscal fourth-quarter earnings, with EPS of $10.45 coming in better than Wall Street estimates of $10.28, indicating that demand from the data center industry and corporate customers remain strong.

Shares of Carvana drastically plunged on Wednesday following news that the online car retailer signed an agreement with its largest creditors to act together in negotiations with the company.

On Wednesday, meme stock GameStop reported its steepest quarterly drop in revenue, missing Wall Street projections as the gaming retailer continues efforts to boost digital purchases and turn its business around.

Chief Executive Tim Cook of Apple Inc. said Tuesday that the company would build chips again in the US after a nearly decade-long hiatus, a critical step in reducing its reliance on Asia-based manufacturing.

As China continues to grapple with the impact of on-and-off recurrences of COVID-19, Tesla Inc. is offering further incentives to the country's customers who buy and take delivery of new cars this month.