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The Nasdaq plummeted to a one-month low on Wednesday after Tesla and Alphabet
disappointed with lackluster earnings, prompting investors to question if the
Big Tech and AI-fueled 2024 equity rally was sustainable in the long run. .N
At 13:39 ET, the Dow Jones Industrial Average .DJI was down 0.74% at
40,059.82. The S&P 500 .SPX was down 1.62% at 5,465.61 and the Nasdaq
Composite .IXIC was down 2.71% at 17,510.118.
The top three S&P 500 .PG.INX percentage gainers:
** Enphase Energy ENPH.O , up 12.2%
** CoStar Group CSGP.O , up 6.2%
** Seagate Technology Holdings plc STX.O , up 5.6%
The top three S&P 500 .PL.INX percentage losers:
** Lamb Weston LW.N , down 28.2%
** Tesla TSLA.O , down 10.4%
** Roper Technologies ROP.O , down 8.2%
The top two NYSE .PG.N percentage gainers:
** KORE Group Holdings KORE.N , up 29.2%
** 1847 Holdings LLC EFSH.N , up 22.2%
The top three NYSE .PL.N percentage losers:
** Lamb Weston LW.N , down 28.2%
** Bausch Health BHC.N , down 20.1%
** Catheter Precision VTAK.N , down 17.3%
The top three Nasdaq .PG.O percentage gainers:
** NuZee NUZE.O , up 286.4%
** Dermata Therapeutics DRMA.O , up 105.4%
** Pieris Pharmaceuticals PIRS.O , up 77.1%
The top three Nasdaq .PL.O percentage losers:
** Next Technology Holding NXTT.O , down 56.9%
** Nuwellis NUWE.O , down 40%
** BloomZ BLMZ.O , down 34%
** Alphabet GOOGL.O : down 4.4%
BUZZ - Down on higher capital expenditure despite Q2 results beat urn:newsml:reuters.com:*:nL4N3JG1N6
** Visa V.N : down 3.4%
BUZZ - Falls after Q3 revenue miss, drags rivals urn:newsml:reuters.com:*:nL4N3JG1CH
** Rivian Automotive RIVN.O : down 6.5%
BUZZ - Drops as co to face trial in Tesla trade secrets theft case urn:newsml:reuters.com:*:nL4N3JG0LK
** Enphase Energy ENPH.O : up 12.3%
BUZZ - Gains after US sales grow urn:newsml:reuters.com:*:nL4N3JG0SJ
** Verastem VSTM.O : down 17.3%
BUZZ - Sinks on $55 mln stock-and-warrants offering urn:newsml:reuters.com:*:nL1N3JG0EL
** AT&T T.N : up 4.9%
BUZZ - Rises as Q2 subscriber additions beat estimates urn:newsml:reuters.com:*:nL4N3JG0VO
** Thermo Fisher Scientific TMO.N : up 3.0%
BUZZ - Rises as it lifts annual profit forecast urn:newsml:reuters.com:*:nL4N3JG1CA
** Sage Therapeutics SAGE.O : down 19.3%
BUZZ - Shares decline on plans to scrap development of tremor drug urn:newsml:reuters.com:*:nL4N3JG1FE
** SFL Corporation SFL.N : down 14.5%
BUZZ - Slides on pricing $100 mln stock deal urn:newsml:reuters.com:*:nL1N3JG0I0
** Lumen Technologies LUMN.N : up 9.1%
BUZZ - Gains after announcing partnership with Microsoft urn:newsml:reuters.com:*:nL4N3JG13B
** Otis Worldwide OTIS.N : down 6.4%
BUZZ - Falls on lowering annual sales forecast urn:newsml:reuters.com:*:nL4N3JG144
** Tenet Healthcare THC.N : up 5.6%
BUZZ - Hits 22-year high after FY profit forecast raise urn:newsml:reuters.com:*:nL4N3JG1F9
** Geron GERN.O : down 5.6%
BUZZ - Falls as chief commercial officer set to leave urn:newsml:reuters.com:*:nL1N3JG0KJ
** Sangamo Therapeutics SGMO.O : up 44.2%
BUZZ - Rises on bleeding disorder gene therapy trial data urn:newsml:reuters.com:*:nL4N3JG163
** Flex FLEX.O : up 8.6%
BUZZ - Rises after Q1 results beat; CFO to step down urn:newsml:reuters.com:*:nL4N3JG1BE
** FTAI Aviation FTAI.O : up 3.9%
BUZZ - Soars after Q2 EBITDA beat urn:newsml:reuters.com:*:nL1N3JG0MN
** Lamb Weston Holdings LW.N : down 28.2%
BUZZ - Hits over two-year low on downbeat annual sales forecast urn:newsml:reuters.com:*:nL4N3JG1CF
** Check Point Software Technologies CHKP.O : up 8.0%
BUZZ - Rises on Q2 results beat; CEO appointment urn:newsml:reuters.com:*:nL4N3JG1BI
** Blackstone Mortgage Trust BXMT.N : down 10.9%
BUZZ - Slumps after dividend cut urn:newsml:reuters.com:*:nL4N3JG1BN
** EQT : up 2.8%
BUZZ - Rises on smaller than expected Q2 lossrises on smaller than expected Q2
loss urn:newsml:reuters.com:*:nL4N3JG1EX
** Roper Technologies ROP.O : down 8.2%
BUZZ - Set for worst day in four years on lower-than-expected profit forecast
urn:newsml:reuters.com:*:nL4N3JG1FT
** Tesla TSLA.O : down 10.4%
BUZZ - Falls as profit margins drop to over five-year lows urn:newsml:reuters.com:*:nL4N3JG1ET
** Karooooo KARO.O : down 8.3%
BUZZ - Drops as CEO to trim stake in secondary offering urn:newsml:reuters.com:*:nL1N3JG0RO
** Fiserv FI.N : up 2.1%
BUZZ - Up after raising FY earnings forecast, Q2 profit rise urn:newsml:reuters.com:*:nL4N3JG1LI
** AMC Entertainment Holdings AMC.N : down 7.4%
BUZZ - Down after forecasting Q2 loss on fewer movies urn:newsml:reuters.com:*:nL1N3JG0V1
** Philip Morris International PM.N : up 1.0%
BUZZ - Analysts hike PT on strong heated tobacco demand, forecast upgrade
urn:newsml:reuters.com:*:nL4N3JG1MD
** OneStream OS.O : up 31.2%
BUZZ - Soars in market debut urn:newsml:reuters.com:*:nL4N3JG1NJ
** Chipotle Mexican Grill CMG.N : down 1.2%
BUZZ - Dips ahead report due after the bell urn:newsml:reuters.com:*:nL1N3JG0Z2
** CoStar Group CSGP.O : up 6.2%
BUZZ - Shares jump after results, forecast urn:newsml:reuters.com:*:nL1N3JG0T1
** NextEra Energy NEE.N : up 3.9%
BUZZ - Rises on profit increase, renewables backlog growth urn:newsml:reuters.com:*:nL4N3JG1PZ
** Teledyne Technologies TDY.N : up 3.0%
BUZZ - Rises on second-quarter results beat urn:newsml:reuters.com:*:nL4N3JG1QA
** Old Dominion Freight Line ODFL.O : up 2.3%
BUZZ - Rises on beating quarterly profit estimates urn:newsml:reuters.com:*:nL4N3JG1QO
** Seagate Technology Holdings PLC STX.O : up 5.6%
BUZZ - Gains on upbeat first-quarter forecast, brokerages hike PT urn:newsml:reuters.com:*:nL4N3JG1RS
The 11 major S&P 500 sectors:
Communication Services .SPLRCL down 3.03%
Consumer Discretionary .SPLRCD down 2.96%
Consumer Staples .SPLRCS down 0.02%
Energy .SPNY up 0.45%
Financial .SPSY down 0.52%
Health .SPXHC up 0.82%
Industrial .SPLRCI down 1.12%
Information Technology .SPLRCT down 3.20%
Materials .SPLRCM down 0.42%
Real Estate .SPLRCR up 0.13%
Utilities .SPLRCU up 1.29%
(Compiled by Rajarshi Roy and Anuja Bharat Mistry)
((AnujaBharat.Mistry@thomsonreuters.com))