U.S. STOCKS ON THE MOVE-Berkshire Hathaway, Super Micro Computer, Elf Beauty
28/08/2024 17:06
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The Nasdaq led declines among U.S. stock indexes on Wednesday, in the run-up to
AI-darling Nvidia's earnings report, with focus on if the recent bull market
rally that was led by the chip firm and other tech-related shares can be
sustained. .N
At 11:32 ET, the Dow Jones Industrial Average .DJI was down 0.22% at
41,161.48. The S&P 500 .SPX was down 0.66% at 5,588.66 and the Nasdaq
Composite .IXIC was down 1.37% at 17,511.225.
The top three S&P 500 .PG.INX percentage gainers:
** Insulet Corp PODD.N , up 3.6%
** Bristol-Myers Squibb Co BMY.N , up 3.3%
** Gilead Sciences Inc GILD.N , up 2.3%
The top three S&P 500 .PL.INX percentage losers:
** Super Micro Computer Inc SMCI.O , down 25.8%
** J M Smucker Co SJM.N , down 5.5%
** Bath & Body Works Inc BBWI.N , down 5.2%
The top two NYSE .PG.N percentage gainers:
** Ooma Inc OOMA.N , up 19.4%
** Chewy Inc CHWY.N , up 11.8%
The top three NYSE .PL.N percentage losers:
** Abercrombie & Fitch ANF.N , down 16.8%
** Gaotu Techedu Inc GOTU.N , down 15.6%
** Air Industries Group AIRI.N , down 15.5%
The top two Nasdaq .PG.O percentage gainers:
** Asset Entities Inc ASST.O , up 85.6%
** Exicure Inc XCUR.O , up 52.4%
The top two Nasdaq .PL.O percentage losers:
** Super Micro Computer Inc SMCI.O , down 25.8%
** Ascent Solar Technologies Inc ASTI.O , down 23.2%
** Nordstrom Inc JWN.N : up 6.9%
BUZZ - Rises after Q2 earnings beat estimates urn:newsml:reuters.com:*:nL4N3KF1EM
** nCino Inc NCNO.O : down 12.9%
BUZZ - Slides after unchanged annual revenue forecast urn:newsml:reuters.com:*:nL4N3KF0P0
** Coinbase Global Inc COIN.O : down 4.6%
** Riot Platforms Inc RIOT.O : down 3.6%
** Marathon Digital Holdings Inc MARA.O : down 5.3%
** Hut 8 Mining Corp HUT.O : down 9.4%
BUZZ - Crypto stocks fall in tandem with bitcoin urn:newsml:reuters.com:*:nL4N3KF0PZ
** Newmont Corp NEM.N : down 1.8%
** Barrick Gold Corp GOLD.N : down 2.9%
** Gold Fields Ltd GFI.N : down 2.3%
** AngloGold Ashanti Ltd AU.N : down 2.7%
BUZZ - Gold miners decline after bullion falls 1% urn:newsml:reuters.com:*:nL4N3KF11H
** PVH Corp PVH.N : down 6.5%
BUZZ - Drops after downbeat Q3 forecasts urn:newsml:reuters.com:*:nL4N3KF0ST
** Ambarella Inc AMBA.O : up 12.4%
BUZZ - Soars after Q3 revenue forecast above estimates urn:newsml:reuters.com:*:nL4N3KF0S4
** Foot Locker Inc FL.N : down 11.9%
BUZZ - Down on wider Q2 loss, lower annual gross margin target urn:newsml:reuters.com:*:nL4N3KF17T
** Kohl's Corp KSS.N : up 5.8%
BUZZ - Jumps on raising annual profit forecast urn:newsml:reuters.com:*:nL4N3KF13P
** Patterson Companies Inc PDCO.O : down 14.9%
BUZZ - Tumbles on Q1 profit miss urn:newsml:reuters.com:*:nL4N3KF0XX
** Nanobiotix SA NBTX.O : up 11.1%
BUZZ - Guggenheim initiates Nanobiotix coverage with 'buy', shares
rise urn:newsml:reuters.com:*:nL4N3KF193
** Bath & Body Works Inc BBWI.N : down 5.2%
BUZZ - Falls after annual sales forecast cut urn:newsml:reuters.com:*:nL4N3KF19E
** Chewy Inc CHWY.N : up 11.8%
BUZZ - Rises on Q2 profit beat urn:newsml:reuters.com:*:nL4N3KF0Y6
** Starwood Property Trust Inc STWD.N : up 0.8%
BUZZ - Raymond James raises Starwood Property Trust PT urn:newsml:reuters.com:*:nL4N3JV1OA
** J.M. Smucker Co SJM.N : down 5.5%
BUZZ - Down on trimming annual sales, profit forecasts urn:newsml:reuters.com:*:nL4N3KF13U
** Abercrombie & Fitch Co ANF.N : down 16.8%
BUZZ - Pares YTD gains after Q2 results urn:newsml:reuters.com:*:nL4N3KF167
** Maravai LifeSciences Holdings Inc MRVI.O : up 0.9%
BUZZ - Climbs on collaboration to launch DNA concentration testing kit
urn:newsml:reuters.com:*:nL4N3KF19T
** Exxon Mobil Corp XOM.N : down 0.6%
** Chevron Corp CVX.N : down 0.4%
** Marathon Oil Corp MRO.N : down 0.8%
** SM Energy Co SM.N : down 0.8%
BUZZ - Oil companies fall as demand concerns offset supply risks urn:newsml:reuters.com:*:nL4N3KF117
** Boston Properties Inc BXP.N : up 0.2%
BUZZ - Truist raises PT for Boston Properties, expects higher 2024 FFO
urn:newsml:reuters.com:*:nL4N3KF11K
** Hecla Mining Co HL.N : down 3.5%
** Coeur Mining Inc CDE.N : down 5.3%
** Silvercorp Metals Inc SVM.N : down 1.4%
BUZZ - Silver miners fall as US dollar strengthens urn:newsml:reuters.com:*:nL4N3KF17C
** Neurocrine Biosciences Inc NBIX.O : down 19.2%
BUZZ - Falls as investors question schizophrenia drug's trial data urn:newsml:reuters.com:*:nL4N3KF18Q
** AeroVironment Inc AVAV.O : up 13.0%
BUZZ - Soars after about $1 bln US Army contract win urn:newsml:reuters.com:*:nL1N3KF0K5
** Super Micro Computer Inc SMCI.O : down 25.8%
BUZZ - Slumps after company delays filing annual report urn:newsml:reuters.com:*:nL4N3KF16E
** HEICO Corp HEI.N : up 1.5%
BUZZ - Truist expects HEICO to outgrow overall market into FY25; raises PT
urn:newsml:reuters.com:*:nL4N3KF0ZG
** Royal Bank of Canada RY.N : up 2.2%
BUZZ - Rises after quarterly profit beat urn:newsml:reuters.com:*:nL4N3KF155
** Berkshire Hathaway Inc BRKa.N : up 1.1%
BUZZ - Hits $1 trillion in market value for first time urn:newsml:reuters.com:*:nL4N3KF17I
** SpringWorks Therapeutics Inc SWTX.O : up 2.4%
BUZZ - Rises as FDA grants priority review to genetic disorder drug
urn:newsml:reuters.com:*:nL4N3KF17H
** TransUnion TRU.N : down 1.5%
BUZZ - Dips after Needham downgrades to 'hold' urn:newsml:reuters.com:*:nL4N3KF0OZ
** Safety Shot Inc SHOT.O : up 9.3%
BUZZ - Climbs on partnership with ecommerce platform Vendo urn:newsml:reuters.com:*:nL4N3KF18Z
** Polestar Automotive Holding UK PLC PSNY.O : down 14.6%
BUZZ - Falls after naming new CEO urn:newsml:reuters.com:*:nL4N3KF1A8
** Equifax Inc EFX.N : up 1.0%
BUZZ - Rises after Needham lifts PT to $350 urn:newsml:reuters.com:*:nL4N3KF17U
** Arcutis Biotherapeutics Inc ARQT.O : up 1.2%
BUZZ - Climbs on positive trial results for skin disease treatment urn:newsml:reuters.com:*:nL4N3KF1BO
** Cleveland-Cliffs Inc CLF.N : down 3.0%
** Steel Dynamics Inc STLD.O : down 2.6%
** Alcoa Corp AA.N : down 5.9%
BUZZ - Steelmakers' shares fall; iron ore futures retreat from 3-week high
urn:newsml:reuters.com:*:nL4N3KF1BP
** Elf Beauty Inc ELF.N : up 1.4%
BUZZ - Rises on $500 mln share repurchase program urn:newsml:reuters.com:*:nL4N3KF1CH
** Fiserv Inc FI.N : up 1.0%
BUZZ - Rises after BTIG starts coverage with 'buy' rating urn:newsml:reuters.com:*:nL4N3KF1D3
** AvalonBay Communities Inc AVB.N : up 1.1%
** Equity Residential EQR.N : up 1.2%
** Essex Property Trust Inc ESS.N : up 0.5%
** UDR Inc UDR.N : up 1.0%
BUZZ - Evercore ISI raises PTs on some REITs ahead of Fed lowering rates
urn:newsml:reuters.com:*:nL4N3KF1CI
** Williams Companies Inc WMB.N : down 0.9%
** ConocoPhillips COP.N : down 0.9%
** Baker Hughes Co BKR.O : down 1.1%
** EQT Corp EQT.N : down 1.3%
BUZZ - US energy sector falls on EIA data, demand concerns urn:newsml:reuters.com:*:nL4N3KF1CW
The 11 major S&P 500 sectors:
Communication Services .SPLRCL down 1.16%
Consumer Discretionary .SPLRCD down 1.07%
Consumer Staples .SPLRCS down 0.13%
Energy .SPNY down 0.53%
Financial .SPSY up 0.46%
Health .SPXHC up 0.26%
Industrial .SPLRCI up 0.14%
Information Technology .SPLRCT down 1.69%
Materials .SPLRCM down 0.28%
Real Estate .SPLRCR down 0.11%
Utilities .SPLRCU up 0.34%
(Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com))