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Wall Street fell on Wednesday, with the tech-heavy Nasdaq leading declines after
lackluster quarterly results from Tesla and Alphabet raised questions about the
sustainability of the Big Tech and AI-led 2024 equity rally. .N
At 12:05 ET, the Dow Jones Industrial Average .DJI was down 0.78% at
40,043.52. The S&P 500 .SPX was down 1.73% at 5,459.64 and the Nasdaq
Composite .IXIC was down 2.85% at 17,484.604.
The top three S&P 500 .PG.INX percentage gainers:
** Enphase Energy ENPH.O , up 15.1%
** CoStar Group CSGP.O , up 8.9%
** AT&T T.N , up 5.3%
The top three S&P 500 .PL.INX percentage losers:
** Lamb Weston Holdings LW.N , down 26.4%
** Tesla TSLA.O , down 10.1%
** Roper Technologies ROP.O , down 8.6%
The top two NYSE .PG.N percentage gainers:
** KORE Group Holdings KORE.N , up 24.5%
** PROG Holdings PRG.N , up 21.9%
The top three NYSE .PL.N percentage losers:
** Bausch Health BHC.N , down 26.8%
** Lamb Weston Holdings LW.N , down 26.4%
** Catheter Precision VTAK.N , down 17.3%
The top three Nasdaq .PG.O percentage gainers:
** NuZee NUZE.O , up 169.9%
** Dermata Therapeutics DRMA.O , up 98.5%
** Pieris Pharmaceuticals PIRS.O , up 91.3%
The top three Nasdaq .PL.O percentage losers:
** Next Technology Holding NXTT.O , down 61.3%
** Nuwellis NUWE.O , down 39.8%
** Chijet Motor CJET.O , down 35%
** Alphabet GOOGL.O : down 5.1%
BUZZ - Down; Q2 revenue and profit beat expectations urn:newsml:reuters.com:*:nL4N3JG0PF
** Visa V.N : down 4.1%
BUZZ - Falls after Q3 revenue miss, drags rivals urn:newsml:reuters.com:*:nL4N3JG1CH
** Rivian Automotive RIVN.O : down 6.6%
BUZZ - Drops as co to face trial in Tesla trade secrets theft case urn:newsml:reuters.com:*:nL4N3JG0LK
** Enphase Energy ENPH.O : up 15.0%
BUZZ - Gains after US sales grow urn:newsml:reuters.com:*:nL4N3JG0SJ
** Verastem VSTM.O : down 19.9%
BUZZ - Sinks on $55 mln stock-and-warrants offering urn:newsml:reuters.com:*:nL1N3JG0EL
** AT&T T.N : up 5.3%
BUZZ - Rises as Q2 subscriber additions beat estimates urn:newsml:reuters.com:*:nL4N3JG0VO
** Thermo Fisher Scientific TMO.N : up 3.2%
BUZZ - Rises as it lifts annual profit forecast urn:newsml:reuters.com:*:nL4N3JG1CA
** Texas Instruments TXN.O : up 0.9%
BUZZ - Gains after Q2 profit beat on steady chip demand urn:newsml:reuters.com:*:nL4N3JG0YL
** Sage Therapeutics SAGE.O : down 21.4%
BUZZ - Shares decline on plans to scrap development of tremor drug urn:newsml:reuters.com:*:nL4N3JG1FE
** SFL Corporation SFL.N : down 16.2%
BUZZ - Slides on pricing $100 mln stock deal urn:newsml:reuters.com:*:nL1N3JG0I0
** Lumen Technologies LUMN.N : up 4.4%
BUZZ - Gains after announcing partnership with Microsoft urn:newsml:reuters.com:*:nL4N3JG13B
** Otis Worldwide OTIS.N : down 5.8%
BUZZ - Falls on lowering annual sales forecast urn:newsml:reuters.com:*:nL4N3JG144
** Tenet Healthcare THC.N : up 6.2%
BUZZ - Hits 22-year high after FY profit forecast raise urn:newsml:reuters.com:*:nL4N3JG1F9
** Geron GERN.O : down 3.8%
BUZZ - Falls as chief commercial officer set to leave urn:newsml:reuters.com:*:nL1N3JG0KJ
** Sangamo Therapeutics SGMO.O : up 35.9%
BUZZ - Rises on bleeding disorder gene therapy trial data urn:newsml:reuters.com:*:nL4N3JG163
** Flex FLEX.O : up 7.7%
BUZZ - Rises after Q1 results beat; CFO to step down urn:newsml:reuters.com:*:nL4N3JG1BE
** FTAI Aviation FTAI.O : up 4.7%
BUZZ - Soars after Q2 EBITDA beat urn:newsml:reuters.com:*:nL1N3JG0MN
** Lamb Weston Holdings LW.N : down 26.4%
BUZZ - Hits over two-year low on downbeat annual sales forecast urn:newsml:reuters.com:*:nL4N3JG1CF
** Check Point Software Technologies CHKP.O : up 6.9%
BUZZ - Rises on Q2 results beat; CEO appointment urn:newsml:reuters.com:*:nL4N3JG1BI
** Blackstone Mortgage Trust BXMT.N : down 9.5%
BUZZ - Slumps after dividend cut urn:newsml:reuters.com:*:nL4N3JG1BN
** EQT EQT.N : up 2.3%
BUZZ - Rises on smaller than expected Q2 lossrises on smaller than expected Q2
loss urn:newsml:reuters.com:*:nL4N3JG1EX
** Roper Technologies ROP.O : down 8.6%
BUZZ - Set for worst day in four years on lower-than-expected profit forecast
urn:newsml:reuters.com:*:nL4N3JG1FT
** Tesla TSLA.O : down 10.0%
BUZZ - Falls as profit margins drop to over five-year lows urn:newsml:reuters.com:*:nL4N3JG1ET
** Karooooo KARO.O : down 7.4%
BUZZ - Drops as CEO to trim stake in secondary offering urn:newsml:reuters.com:*:nL1N3JG0RO
The 11 major S&P 500 sectors:
Communication Services .SPLRCL down 3.37%
Consumer Discretionary .SPLRCD down 2.96%
Consumer Staples .SPLRCS down 0.18%
Energy .SPNY up 0.49%
Financial .SPSY down 0.44%
Health .SPXHC up 0.53%
Industrial .SPLRCI down 1.03%
Information Technology .SPLRCT down 3.40%
Materials .SPLRCM down 0.20%
Real Estate .SPLRCR up 0.45%
Utilities .SPLRCU up 1.25%
(Compiled by Rajarshi Roy and Anuja Bharat Mistry)
((Anuja Bharat.Mistry@thomsonreuters.com))