Maplebear, the owner of Instacart, gained 3% on reports that DoorDash’s acquisition deal could be announced as soon as Thursday, while Chipotle rose more than 5% after beating comparable-store sales estimates. ServiceNow tumbled 15% because adjusted profit fell short of expectations, and Fortinet plummeted 25% after reporting a gross margin below the analysts’ consensus. Microsoft rose 2% after beating revenue and adjusted earnings forecasts, with Azure revenue increasing 48% year over year. Alphabet fell 9% after missing search-revenue forecasts and reporting negative free cash flow of $9.07 billion, while several other companies also moved sharply following their earnings.
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