Earnings
Accenture (ACN) exceeded profit expectations in its fiscal third quarter, but a reduced revenue growth outlook, weaker bookings, and concerns about consulting demand sent shares sharply lower.
Earnings
CarMax (KMX) topped earnings and revenue expectations in its fiscal first quarter, but investors focused on shrinking vehicle margins, credit risks, and profitability concerns, sending shares sharply lower despite signs of improving sales trends.
Earnings
La-Z-Boy (LZB) surged after delivering a significant earnings beat, expanding margins, improving sales trends, and authorizing a new $300 million share repurchase program despite a challenging furniture market.
Sector
uniQure (QURE) surged after the FDA agreed that three-year clinical data may support an accelerated approval filing for AMT-130, reopening a regulatory pathway that had appeared uncertain just months ago.
Innovation & Tech
SpaceX (SPCX) surged for a third straight session after announcing a $60 billion acquisition of AI coding platform Cursor, while strong retail demand, ARK Invest buying, and post-IPO momentum pushed the company's valuation beyond Amazon and closer to Microsoft.
Innovation & Tech
CoreWeave (CRWV) climbed after strong contract disclosures, record AI training benchmark results, and growing expectations for Nasdaq-100-related buying reinforced confidence in the company's expanding AI infrastructure platform.
Business Trends
Tripadvisor (TRIP) surged after agreeing to sell TheFork to American Express (AXP) for $700 million in cash, a move that strengthens its balance sheet, supports potential buybacks, and sharpens its focus on the Experiences business.
Macro
Airline and cruise stocks rallied after a preliminary U.S.-Iran agreement sent crude oil prices sharply lower, easing concerns about fuel costs and improving sentiment toward travel-related companies.
Business Trends
Fox Corp. (FOXA) agreed to acquire Roku (ROKU) in a $22 billion cash-and-stock transaction, combining live television programming with one of the largest connected-TV platforms in the U.S. as media companies race to expand streaming scale and advertising reach.
Innovation & Tech
SpaceX (SPCX) opened above its IPO price after completing the largest public offering in market history, as demand from both institutional and retail investors pushed the company’s valuation near $2 trillion.
Sector
Lennar (LEN) lowered its full-year home delivery target after quarterly revenue missed Wall Street expectations, highlighting how elevated mortgage rates, affordability pressures, and cautious consumer sentiment continue to weigh on the U.S. housing market.
Business Trends
Robinhood expanded its Wall Street ambitions after reporting record platform assets and securing IPO underwriting approval, while a major insider purchase added to investor focus on the company’s growing role in capital markets.