Market news on 2 September included earnings-related developments at Dell and MongoDB, Dell's after-hours reaction, oil market trends and Ternus taking office as Apple's CEO. These developments were cited as having the potential to affect the market.
Market news on 2 September included developments related to DELL's and MongoDB's second-quarter earnings. DELL's operating income for the May-July quarter was reported to have tripled from the previous quarter, while revenue also reached a record high. MongoDB was likewise reported to have turned profitable on an operating basis in the second quarter, with revenue reaching a record high.
In addition to these earnings-related developments, DELL's share price was reported to have risen about 9% in after-hours trading following the earnings announcement, drawing attention as a stock-specific development in the US market. Crude oil prices rose at the close in the New York market, and developments in the foreign exchange market were also reported.
It was also reported that Ternus formally took office as Apple's CEO, making this another point of interest for the US equity market. These developments were reported as potentially affecting the market the following day.