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Stock Market Live June 22, 2026: S&P 500 (SPY) Little Changed as Markets Wait on Iran Progress
Live Coverage Has Ended

Chewy’s News

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By Joel South Published

Live Blog Update #1 Published

← Back to Full Coverage: Stock Market Live December 10: S&P 500 (VOO) Flat As Investors Await Interest Rate News

Continuing with earnings news, popular pet food e-tailer Chewy’s (NYSE: CHWY | CHWY Price Prediction) beat earnings by a couple cents this morning. Q3 profit was $0.32 per share and sales edged out forecasts at just over $3.1 billion.

CEO Sumit Singh said: “Chewy continues to outperform the pet category and expand market share, with profits once again growing faster than sales,” and momentum is building.

Management raised the floor on its sales and earnings guidance for the full year. Previously expecting $12.5 billion to $12.6 billion in sales, and an EBITDA margin between 5.4% and 5.7%, Chewy now says sales will be at least $12.58 billion, and margins at least 5.6%.

Chewy stock is up about 6.5% premarket.

All Updates from Live Coverage

Eaton Dines on Data Center Demand

| Rich Smith
Live
S&P 500 component company Eaton (NYSE: ETN) will open a new manufacturing facility in Henrico County, Virginia in 2027.
“More than 50 new data centers [have been] permitted in Virginia this year,” says Eaton, and the company will double its capacity in Richmond for the producing static transfer switches, power distribution units, and remote power panels that these data centers need.
Eaton stock is up 1.5% on the news. The Voo is now in positive territory, up 0.1%.

B.Riley Starts Roblox at Buy

| Rich Smith
Live

B.Riley analyst Drew Crum initiated coverage of Roblox (NYSE: RBLX) stock with a buy rating and a $125 price target this morning. “Roblox has built arguably one of the premier next-generation entertainment platforms,” writes Crum, and is “benefiting from two mutually reinforcing network effects, content and social, often drawing parallels to YouTube.”

Unimpressive Q3 earnings and “tepid near-term guidance” have depressed Roblox stock, but Crum insists Roblox should be “a core holding,” and he recommends “initiating or adding to positions following a -30% correction.” Over time, Crum expects Roblox to capture 10% or more of the global videogaming market. As that happens, he predicts 20% annualized growth in bookings (that’s sales of Robux, which convert to revenue and profit as they’re spent).

Roblox stock opened 0.4% lower despite the report, and still falling, already down more than 2%. Really, the whole market looks kind of depressed this morning, as investors await news of the Fed’s next interest rate move. The Vanguard S&P 500 ETF is still basically at 0.0% change from yesterday’s close.

 

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About the Author Joel South →

Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.

He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.

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