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
** Visa V.N: down 3.4%
BUZZ - Falls after Q3 revenue miss, drags rivals
** Rivian Automotive RIVN.O: down 6.5%
BUZZ - Drops as co to face trial in Tesla trade secrets theft case
** Enphase Energy ENPH.O: up 12.3%
BUZZ - Gains after US sales grow
** Verastem VSTM.O: down 17.3%
BUZZ - Sinks on $55 mln stock-and-warrants offering
** AT&T T.N: up 4.9%
BUZZ - Rises as Q2 subscriber additions beat estimates
** Thermo Fisher Scientific TMO.N: up 3.0%
BUZZ - Rises as it lifts annual profit forecast
** Sage Therapeutics SAGE.O: down 19.3%
BUZZ - Shares decline on plans to scrap development of tremor drug
** SFL Corporation SFL.N: down 14.5%
BUZZ - Slides on pricing $100 mln stock deal
** Lumen Technologies LUMN.N: up 9.1%
BUZZ - Gains after announcing partnership with Microsoft
** Otis Worldwide OTIS.N: down 6.4%
BUZZ - Falls on lowering annual sales forecast
** Tenet Healthcare THC.N: up 5.6%
BUZZ - Hits 22-year high after FY profit forecast raise
** Geron GERN.O: down 5.6%
BUZZ - Falls as chief commercial officer set to leave
** Sangamo Therapeutics SGMO.O: up 44.2%
BUZZ - Rises on bleeding disorder gene therapy trial data
** Flex FLEX.O: up 8.6%
BUZZ - Rises after Q1 results beat; CFO to step down
** FTAI Aviation FTAI.O: up 3.9%
BUZZ - Soars after Q2 EBITDA beat
** Lamb Weston Holdings LW.N: down 28.2%
BUZZ - Hits over two-year low on downbeat annual sales forecast
** Check Point Software Technologies CHKP.O: up 8.0%
BUZZ - Rises on Q2 results beat; CEO appointment
** Blackstone Mortgage Trust BXMT.N: down 10.9%
BUZZ - Slumps after dividend cut
** EQT
BUZZ - Rises on smaller than expected Q2 lossrises on smaller than expected Q2 loss
** Roper Technologies ROP.O: down 8.2%
BUZZ - Set for worst day in four years on lower-than-expected profit forecast
** Tesla TSLA.O: down 10.4%
BUZZ - Falls as profit margins drop to over five-year lows
** Karooooo KARO.O: down 8.3%
BUZZ - Drops as CEO to trim stake in secondary offering
** Fiserv FI.N: up 2.1%
BUZZ - Up after raising FY earnings forecast, Q2 profit rise
** AMC Entertainment Holdings AMC.N: down 7.4%
BUZZ - Down after forecasting Q2 loss on fewer movies
** Philip Morris International PM.N: up 1.0%
BUZZ - Analysts hike PT on strong heated tobacco demand, forecast upgrade
** OneStream OS.O: up 31.2%
BUZZ - Soars in market debut
** Chipotle Mexican Grill CMG.N: down 1.2%
BUZZ - Dips ahead report due after the bell
** CoStar Group CSGP.O: up 6.2%
BUZZ - Shares jump after results, forecast
** NextEra Energy NEE.N: up 3.9%
BUZZ - Rises on profit increase, renewables backlog growth
** Teledyne Technologies TDY.N: up 3.0%
BUZZ - Rises on second-quarter results beat
** Old Dominion Freight Line ODFL.O: up 2.3%
BUZZ - Rises on beating quarterly profit estimates
** Seagate Technology Holdings PLC STX.O: up 5.6%
BUZZ - Gains on upbeat first-quarter forecast, brokerages hike PT
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)