U.S. stocks finish higher as Rubrik and Strategy jump while Marvell and IREN slide

Major U.S. stock indexes ended Thursday higher, with the Dow Jones Industrial Average up 0.2% at 53,569.44, the S&P 500 rising 0.72% to 7,730.99 and the Nasdaq climbing 1.57% to 26,541.35. Rubrik Inc. surged 11.33% to $107.02 after beating quarterly estimates and raising its fiscal 2027 outlook, while Strategy Inc. jumped 11.54% to $137.40 as Bitcoin broke above $80,000. Affirm Holdings Inc. gained 1.35% to $77.49 after reporting stronger revenue and gross merchandise volume, though its shares rose 9.7% after hours. Marvell Technology Inc. fell 1.49% to $241.45 despite exceeding second-quarter estimates and issuing stronger third-quarter guidance, with shares down 7.8% in extended trading. IREN Ltd. rose 2.40% to $40.53 during the regular session despite revenue missing estimates, then fell 8.45% after hours.

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