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U.S. stocks drifted lower midday Wednesday after July PCE inflation met monthly forecasts but ran hotter than expected annually, while second-quarter GDP growth was confirmed at an annualized 1.5%.
Bitcoin briefly tops $80,000 while crude oil falls after President Donald Trump says the U.S. Navy removed “all mines” from the Strait of Hormuz.
Moderna, Cadeler and Marvell Technology trade higher Tuesday alongside other names after analyst upgrades, a higher FY26 sales guide and other company-specific developments.
Walmart falls 9.4% after reporting adjusted EPS of $0.81 and revenue of $187.9 billion that topped consensus, while U.S. comparable sales rose 2.6% versus 3.8% expected and the company lifted full-year adjusted EPS guidance to $2.80-$2.87.
CoreWeave Inc. (NASDAQ: CRWV) trades lower as a broad rotation hits leveraged high-growth technology shares, with higher Treasury yields, rising crude oil and geopolitical tensions cited.
The Nasdaq 100 falls 0.6% as a chip rout and AI-infrastructure unwind drag US equities into mixed territory
Moderna shares are down 7.4% after a near 40% surge in the past six sessions
Moderna shares are down 7.4% after a near 40% surge in the past six sessions