What You Missed On Wall Street On Thursday
The major averages closed broadly lower amid a new wave of corporate earnings reports and renewed weakness in the semiconductor space. Earnings season has started off strong this week, as more than 87% of the 40 S&P 500 companies that have already released their results reported positive surprises. Big banks surpassed expectations earlier in the week, while multiple other significant companies have posted "beat and raise" reports since Wednesday's close. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: UnitedHealth (UNH) provided a "beat and raise" report for Q2 United Airlines (UAL) also reported upbeat Q2 results and raised its FY26 earnings guidance GE Aerospace (GE) also provided a "beat and raise" report for Q2 TSMC (TSM) reported better-than-expected Q2 earnings and revenue, adding it plans to invest an additional $100B in Arizona Eli Lilly (LLY) agreed to acquire AtaiBeckley (ATAI) for $6.75 per share plus $2.50 per share CVR 2. WALL STREET CALLS: Truist downgraded Lululemon (LULU) to Sell on meaningful pressure, limited visibility AeroVironment (AVAV) upgraded to Outperform at Raymond James Wells Fargo downgraded.
The major averages closed broadly lower amid a new wave of corporate earnings reports and renewed weakness in the semiconductor space.
Earnings season has started off strong this week, as more than 87% of the 40 S&P 500 companies that have already released their results reported positive surprises.
Big banks surpassed expectations earlier in the week, while multiple other significant companies have posted "beat and raise" reports since Wednesday's close.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1.
STOCK NEWS: UnitedHealth (UNH) provided a "beat and raise" report for Q2 United Airlines (UAL) also reported upbeat Q2 results and raised its FY26 earnings guidance GE Aerospace (GE) also provided a "beat and raise" report for Q2 TSMC (TSM) reported better-than-expected Q2 earnings and revenue, adding it plans to invest an additional $100B in Arizona Eli Lilly (LLY) agreed to acquire AtaiBeckley (ATAI) for $6.75 per share plus $2.50 per share CVR 2.
WALL STREET CALLS: Truist downgraded Lululemon (LULU) to Sell on meaningful pressure, limited visibility AeroVironment (AVAV) upgraded to Outperform at Raymond James Wells Fargo downgraded.