Closing Bell Movers: Nordson up 5% after Q3 earnings beat
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Energy, Staples, and Health Care were once again the leading sectors on the S&P 500 while Tech and Consumer Discretionary fared the worst. Target (TGT) and Estee Lauder (EL) led the sellers in the consumer space after reporting results. In Tech, the 'wobble' in the AI space continued as Palantir (PLTR) – by far the best performing component of the index this year through the first week of August – faltered once again and has now lost 18% off its highs.
Ahead of the Jackson Hole address by Fed Chairman Powell on Friday, minutes from the prior FOMC decision saw committee members remaining concerned with inflationary pressures induced by the administration's trade policy, even though the Fed still sees longer-term expectations as 'well anchored'. On Thursday, investors will tune in for the release of the Weekly Jobless Claims from the Labor Department, along with the release of Flash PMI data as an early indicator of economic activity in August.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
Nordson (NDSN) up 4.9%
ALSO HIGHER –
Savara (SVRA) up 3.2% after publishing IMPALA-2 clinical trial results in NEJM
Flutter Entertainment (FLUT) up 2.5% after entering into new event contracts platform with CME (CME)
CoreWeave, Inc. (CRWV) up 1.0% after Jane Street disclosed 5.4% passive stake
DOWN AFTER EARNINGS –
Coty Inc. (COTY) down 15.6%
ALSO LOWER –
Invivyd, Inc. (IVVD) down 14.0% after equity offering
SharkNinja, Inc. (SN) down 2.2% after equity offering
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