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Wall Street's main indexes were lower on Wednesday ahead of Nvidia's earnings, with the Nasdaq leading declines, as focus was squarely on if the recent bull market rally that was led by the AI chip firm and other tech-related shares can be sustained. .N
At 13:37 ET, the Dow Jones Industrial Average .DJI was down 0.41% at 41,079.46. The S&P 500 .SPX was down 0.59% at 5,592.41 and the Nasdaq Composite .IXIC was down 1.05% at 17,568.595.
The top three S&P 500 .PG.INX percentage gainers:
** Insulet Corp PODD.O, up 4.7%
** Vertex Pharmaceuticals VRTX.O, up 2.6%
** Bristol-Myers Squibb BMY.N, up 2.4%
The top three S&P 500 .PL.INX percentage losers:
** Super Micro Computer SMCI.O, down 23.2%
** Bath & Body Works BBWI.N, down 7.6%
** lululemon athletica LULU.O, down 4.4%
The top two NYSE .PG.N percentage gainers:
** Ooma Inc OOMA.N, up 22.6%
** Chewy Inc CHWY.N, up 15.4%
The top three NYSE .PL.N percentage losers:
** ESS Tech GWH.N, down 19.2%
** Abercrombie & Fitch Co. ANF.N, down 18.2%
** Gaotu Techedu GOTU.N, down 16.5%
** Nordstrom Inc JWN.N: up 3.7%
BUZZ - Rises after Q2 earnings beat estimates nL4N3KF1EM
** nCino Inc NCNO.O: down 12.9%
BUZZ - Slides after unchanged annual revenue forecast nL4N3KF0P0
** Coinbase Global Inc COIN.O: down 4.2%
** Riot Platforms Inc RIOT.O: down 3.5%
** Marathon Digital Holdings Inc MARA.O: down 3.9%
** Hut 8 Mining Corp HUT.O: down 8.6%
BUZZ - Crypto stocks fall in tandem with bitcoin nL4N3KF0PZ
** Newmont Corp NEM.N: down 1.8%
** Barrick Gold Corp GOLD.N: down 2.7%
** Gold Fields Ltd GFI.N: down 1.5%
** AngloGold Ashanti Ltd AU.N: down 3.0%
BUZZ - Gold miners decline after bullion falls 1% nL4N3KF11H
** PVH Corp PVH.N: down 6.1%
BUZZ - Drops after downbeat Q3 forecasts nL4N3KF0ST
** Semtech Corp SMTC.O: up 8.3%
BUZZ - Gains on upbeat forecast, Q2 results beat nL4N3KF0TT
** Ambarella Inc AMBA.O: up 8.4%
BUZZ - Soars after Q3 revenue forecast above estimates nL4N3KF0S4
** Foot Locker Inc FL.N: down 10.4%
BUZZ - Down on wider Q2 loss, lower annual gross margin target nL4N3KF17T
** Kohl's Corp KSS.N: up 1.9%
BUZZ - Jumps on raising annual profit forecast nL4N3KF13P
** Patterson Companies Inc PDCO.O: down 12.3%
BUZZ - Tumbles on Q1 profit miss nL4N3KF0XX
** Nanobiotix SA NBTX.O: up 11.7%
BUZZ - Guggenheim initiates Nanobiotix coverage with 'buy', shares risenL4N3KF193
** Bath & Body Works Inc BBWI.N: down 7.6%
BUZZ - Falls after annual sales forecast cut nL4N3KF19E
** Chewy Inc CHWY.N: up 15.4%
BUZZ - Rises on Q2 profit beat nL4N3KF1J5
** Starwood Property Trust Inc STWD.N: up 0.3%
BUZZ - Raymond James raises Starwood Property Trust PT nL4N3JV1OA
** J.M. Smucker Co SJM.N: down 4.3%
BUZZ - Down on trimming annual sales, profit forecasts nL4N3KF13U
** Abercrombie & Fitch Co ANF.N: down 18.2%
BUZZ - Pares YTD gains after Q2 results nL4N3KF167
** APA Corp APA.O: down 0.2%
** Chesapeake Energy Corp CHK.O: down 2.3%
** Coterra Energy Inc CTRA.N: down 1.4%
** Devon Energy Corp DVN.N: down 0.2%
BUZZ - Citigroup cuts PTs on US oil and gas firms nL4N3KF0XH
** Maravai LifeSciences Holdings Inc MRVI.O: up 1.5%
BUZZ - Climbs on collaboration to launch DNA concentration testing kit nL4N3KF19T
** Exxon Mobil Corp XOM.N: down 1.0%
** Chevron Corp CVX.N: down 0.8%
** Marathon Oil Corp MRO.N: down 1.1%
** SM Energy Co SM.N: down 0.8%
BUZZ - Oil companies fall as demand concerns offset supply risks nL4N3KF117
** Neurocrine Biosciences Inc NBIX.O: down 19.1%
BUZZ - Falls as investors question schizophrenia drug's trial data nL4N3KF18Q
** AeroVironment Inc AVAV.O: up 10.3%
BUZZ - Soars after about $1 bln US Army contract win nL1N3KF0K5
** Super Micro Computer Inc SMCI.O: down 23.2%
BUZZ - Slumps after company delays filing annual report nL4N3KF16E
** HEICO Corp HEI.N: up 1.7%
BUZZ - Truist expects HEICO to outgrow overall market into FY25; raises PT nL4N3KF0ZG
** Royal Bank of Canada RY.N: up 2.8%
BUZZ - Rises after quarterly profit beat nL4N3KF155
** Berkshire Hathaway Inc BRKa.N: up 0.4%
BUZZ - Hits $1 trillion in market value for first time nL4N3KF17I
** SpringWorks Therapeutics Inc SWTX.O: up 2.8%
BUZZ - Rises as FDA grants priority review to genetic disorder drug nL4N3KF17H
** TransUnion TRU.N: down 1.1%
BUZZ - Dips after Needham downgrades to 'hold' nL4N3KF0OZ
** Safety Shot Inc SHOT.O: up 11.5%
BUZZ - Climbs on partnership with ecommerce platform Vendo nL4N3KF18Z
** Polestar Automotive Holding UK PLC PSNY.O: down 14.5%
BUZZ - Falls after naming new CEO nL4N3KF1A8
** Equifax Inc EFX.N: up 0.6%
BUZZ - Rises after Needham lifts PT to $350 nL4N3KF17U
** Arcutis Biotherapeutics Inc ARQT.O: up 2.0%
BUZZ - Climbs on positive trial results for skin disease treatment nL4N3KF1BO
** Cleveland-Cliffs Inc CLF.N: down 4.1%
** Steel Dynamics Inc STLD.O: down 2.2%
** Alcoa Corp AA.N: down 5.3%
BUZZ - Steelmakers' shares fall; iron ore futures retreat from 3-week high nL4N3KF1BP
** Elf Beauty Inc ELF.N: up 1.1%
BUZZ - Rises on $500 mln share repurchase program nL4N3KF1CH
** Fiserv Inc FI.N: up 1.1%
BUZZ - Rises after BTIG starts coverage with 'buy' rating nL4N3KF1D3
** AvalonBay Communities Inc AVB.N: up 0.6%
** Equity Residential EQR.N: up 0.9%
** Essex Property Trust Inc ESS.N: up 0.4%
** UDR Inc UDR.N: up 1.0%
BUZZ - Evercore ISI raises PTs on some REITs ahead of Fed lowering rates nL4N3KF1CI
** Williams Companies Inc WMB.N: down 1.4%
** Conocophillips COP.N: down 1.1%
** Baker Hughes Co BKR.O: down 1.1%
** EQT Corp EQT.N: down 1.6%
BUZZ - US energy sector falls on EIA data, demand concerns nL4N3KF1CW
** CrowdStrike Holdings Inc CRWD.O: down 2.1%
BUZZ - Falls heading into report with outage fallout in focus nL1N3KF0OG
** Nvidia Corp NVDA.O: down 2.1%
BUZZ - Drops ahead of highly-anticipated results [nL4N3KF1GF ]
** Freeport-McMoran Inc FCX.N: down 3.1%
** Southern Copper Corp SCCO.N: down 4.0%
** Rio Tinto PLC RIO.N: down 1.8%
** BHP Group Ltd BHP.N: down 2.3%
BUZZ - Copper miners slip on China demand concerns nL4N3KF1IP
** Li Auto Inc LI.O: down 16.5%
BUZZ - U.S.-listed shares drop as revenue forecast lags estimates nL4N3KF1KH
The 11 major S&P 500 sectors:
Communication Services | .SPLRCL | down 0.89% |
Consumer Discretionary | .SPLRCD | down 1.14% |
Consumer Staples | .SPLRCS | down 0.36% |
Energy | .SPNY | down 0.85% |
Financial | .SPSY | up 0.11% |
Health | .SPXHC | up 0.14% |
Industrial | .SPLRCI | up 0.01% |
Information Technology | .SPLRCT | down 1.19% |
Materials | .SPLRCM | down 0.29% |
Real Estate | .SPLRCR | down 0.43% |
Utilities | .SPLRCU | up 0.22% |
(Compiled by Vallari Srivastava and Rajarshi Roy)
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