BUSINESS

RingCentral shares jumped more than 18% after the company beat third-quarter earnings estimates, raised its outlook and reported that AI products now generate over $400 million in annual recurring revenue.

Crown Castle shares rose more than 12% after reports said SpaceX was negotiating access to at least 80,000 US mobile sites as it develops a nationwide wireless network.

Robert Half shares rose more than 14% after quarterly earnings increased, its staffing division returned to growth and the company forecast stronger fourth-quarter profit amid cautious hiring demand.

American Tower shares rose nearly 7% after a report that SpaceX is seeking access to at least 80,000 US cell sites, potentially creating major new demand for tower operators.

SBA Communications shares rose nearly 9% after reports that SpaceX is seeking access to at least 80,000 US cell sites, lifting tower operators while pressuring major carriers.

US natural gas prices fell to a two-month low as forecasts for mild weather reduced expected heating demand, outweighing tighter storage data and strong LNG exports.

Bitcoin rose 0.47% to $81,690.50 after Thursday's 3.3% drop, as technology stocks, higher oil prices and $635.6 million in spot ETF outflows pressured cryptocurrencies.

Gold fell towards $4,000 an ounce as higher oil prices intensified inflation concerns and boosted expectations of further US interest rate rises, pressuring bullion and mining stocks.

Premier Investments shares rose nearly 4% as investors moved towards Australian retail stocks, despite ongoing concerns over Smiggle, weak consumer spending and the company's subdued share performance.

Whitehaven Coal shares rose 3.2% after record first-quarter production exceeded expectations, supported by Queensland operations and stronger prices despite port disruptions that delayed sales.

Charter Hall shares rose 3.1% as lower US bond yields and defensive-sector rotation supported property stocks, while investors assessed interest-rate risks and the fund manager's growth outlook.

Commonwealth Bank shares rose 3.09% to A$162.03 as investors moved into defensive sectors after a Wall Street technology sell-off, despite broader ASX 200 losses.

Amcor shares rose 3% on the ASX as investors shifted towards defensive stocks after a sharp Wall Street technology sell-off, ahead of the company's November results.

Alkane Resources shares fell nearly 10% as weaker gold prices outweighed steady September-quarter production, lower costs, strong cash generation and reaffirmed fiscal 2027 guidance.

Sunrise Energy Metals shares fell 15.11% to A$12.47, extending a 40% decline since the company announced plans to redomicile in the US and list on Nasdaq.

Zip shares suffered their steepest one-day fall after the company disclosed a coordinated US fraud attack, rising bad debts and higher costs despite continued growth in transactions and income.

Southern Cross Gold shares dropped 9.07% as gold fell to a two-month low, weighing on Australian mining stocks despite continued high-grade drilling results at Sunday Creek.

The ASX 200 fell 0.15% as losses in mining, energy and technology stocks outweighed gains in banks and consumer shares, while Zip plunged after disclosing a US fraud event.

TTM Technologies shares fell 28% after its record third-quarter results and strong AI-driven growth were overshadowed by fourth-quarter revenue guidance slightly below analyst expectations.

Forgent Power Solutions shares fell 23% to a record low after CFO Ryan Fiedler announced his departure, despite strong revenue, bookings and backlog growth.

Carpenter Technology shares fell 21% after quarterly revenue missed forecasts, overshadowing higher profits, record margins and management's optimistic outlook for aerospace demand and orders.

Oceaneering shares fell nearly 17% after third-quarter adjusted earnings missed expectations and the company forecast weaker fourth-quarter EBITDA, despite higher revenue and strong cash flow.

Solaris Energy shares fell 14.42% amid a broader retreat from AI-related stocks, as investors questioned high valuations, rising spending and uncertain returns from data centre expansion.

Badger Meter shares rose nearly 10% after the water technology company exceeded earnings expectations, expanded margins and raised its dividend, despite slightly weaker-than-expected revenue.

Spotify shares rose 9.2% after the streaming company reported stronger-than-expected premium subscriber growth, record third-quarter gross margins and a confident outlook for revenue and profitability.

Pool Corp. shares jumped 9.5% after third-quarter sales and adjusted earnings exceeded expectations, while the company reaffirmed its full-year profit forecast despite margin pressure.

Celcuity shares rose nearly 8% after Cantor Fitzgerald initiated coverage with an overweight rating, citing Revtorpyk's growth potential ahead of new breast cancer trial data.

Biohaven shares rose nearly 30% after the FDA accepted a resubmitted application for Vyglxia, an experimental treatment for spinocerebellar ataxia previously rejected over efficacy concerns.

American Express customers reported service problems on Thursday, while Downdetector flagged a possible outage. The disruption's cause, scope and affected services remained unclear.