Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as a post-earnings fall in Microsoft dragged down the S & P 500, and what's on the radar for the next session. Apple " Worldwide Exchange " with Morgan Brennan picks up coverage of Apple 's earnings report . At one point, the stock was up 4% after hours, but then the sellers took a slice. By 5:30 p.m. on the East Coast the stock was up just 1% after the tech giant beat earnings and revenue estimates. Counting the action in extended trading, shares are down about 4% in 2026. The stock is up 8% in the last year. AAPL 1Y mountain Apple shares in the past 12 months Big Oil ExxonMobil and Chevron will report Friday morning. Results will be on " Squawk Box " with Becky Quick, Joe Kernen and Andrew Ross Sorkin. Darren Woods, CEO of ExxonMobil, will join the Squawk team after the numbers cross. Mike Wirth, CEO of Chevron, will be on " Squawk on the Street " in the 9 a.m. hour. Shares of ExxonMobil hit a new high Thursday. The stock has surged 20% in the past three months Shares of Chevron also hit a new high. The stock has gained 10% in three months. Brent crude futures settled above $70. One reason for the rise in prices is the possibility of a U.S. attack on Iran. West Texas Intermediate crude futures are up about 13% in a month. Brent crude futures are up 14% in a month. American Express reports before the bell The quarterly numbers will come out during "Squawk Box." The team will have full coverage and instant stock reaction. Shares have been flat over the past three months. American Express is off 7.5% from the December high. AXP 1Y mountain American Express in the past 12 months New CEOs at two retail giants John Furner takes the helm at Walmart next week. Michael Fiddelke starts his new role at Target next week. CNBC TV's Courtney Reagan will run through the challenges and opportunities for both companies and their shareholders. Shares of Walmart are up 5.4% so far in 2026. The stock is down 3.5% from last week's new high. Shares of Target are off 27% from the high dating all the way back to January 2025. Shares are up 5.2% in 2026. Hard day for software Microsoft was beat up from the feet up , losing about 10% on Thursday. It's now down 2% in the past 12 months. Some of Thursday's decline was related to Wall Street not being happy with how much the company was spending on investments for the future (capital expenditures), and the cloud business Azure may not have done as well as some hoped. The worst performing S & P industry was Software & Services on Thursday, falling about 7%. It is now down 19.3% from the October high. Microsoft was the worst performer in the index followed closely by ServiceNow . Almost every stock in the industry fell on Thursday. The State Street SPDR S & P Software & Services ETF (XSW) dropped almost 4%. Microsoft wasn't even the worst performing component in the ETF. Klaviyo , ServiceTitan , HubSpot , Atlassian and Blend Labs all fared worse. ServiceNow lost almost 10% and Datadog was down nearly 9% amid fears that AI could take away more of their business . Microsoft is a large investor in OpenAI, but there's growing competition in the AI space, especially from Google's Gemini. In a note to investors on Thursday, JPMorgan wrote "OpenAI's competitive positioning may be tested, but we expect user durability." The note also said, "Google Gemini remains the competitive threat given its strong search position, leading ad model, scaled distribution advantages, and access to data." Meta Platforms is also forecasting sizable capital expenditures , but the stock was rewarded. The stock jumped 10.4% Thursday, and it is off 7.3% from the August high. The stock is up about 12% in 2026.
