Palantir Technologies Inc rose after raising its annual revenue outlook on strong AI-powered software demand.
Snap Inc rallied as robust ad sales lifted quarterly revenue above estimates.
Powell Industries Inc tanked after a Q3 revenue miss.
Caterpillar Inc rose after lifting its 2026 sales growth forecast.
McDonald's Corp gained as quarterly profit beat estimates.
Merck & Co Inc climbed on a quarterly revenue beat.
On Semiconductor Corp gained as its forecast topped estimates and it beat Q2 results.
Nike Inc fell after JPM downgraded the stock on mounting challenges for Hill's turnaround.
Archer-Daniels-Midland Co rose after raising its annual profit outlook.
Prologis Inc slipped on a $2.1 billion equity raise for the Segro acquisition.
Meta Platforms Inc struggled to clear a short-term technical ceiling.
IDEXX Laboratories Inc rose after raising its annual profit forecast.
Leidos Holdings Inc gained after an upbeat annual revenue forecast.
Marathon Petroleum Corp climbed as quarterly profit beat estimates.
Zebra Technologies Corp gained after an annual forecast raise.
Fidelity National Information Services Inc tumbled after lower-than-expected Q3 revenue and profit forecasts.
Cummins Inc dropped after second-quarter profit missed estimates.
Pfizer Inc edged up after better-than-expected quarterly results.
Southern Co dipped after a boosted $2.4 billion convertible offering.
Expeditors International of Washington Inc gained as strong airfreight demand lifted profit.
Waters Corp gained on a raise to annual profit and revenue forecasts.
Wayfair Inc rose after quarterly revenue and profit beat estimates.
Other movers and sector table
The top three S&P 500 percentage gainers were Palantir Technologies Inc up 26.9%, Zebra Technologies Corp up 20.0%, and Gartner Inc up 15.8%.
The top three S&P 500 percentage losers were Aptiv PLC down 16.6%, NRG Energy Inc down 12.8%, and Rockwell Automation Inc down 7.0%.
The top three NYSE percentage gainers were Ibotta, Inc. up 49.3%, Medifast Inc up 32.1%, and Ameresco Inc up 29.3%.
The top three NYSE percentage losers were JBG SMITH Properties down 18.3%, Aptiv PLC down 16.7%, and LiveWire Group, Inc. down 16.7%.
The top three Nasdaq percentage gainers were Autonomix Medical Inc up 136.7%, Adagio Medical Holdings Inc up 74.8%, and TNL Mediagene up 56.9%.
The top three Nasdaq percentage losers were Next Technology Holding Inc down 60.1%, Reitar Logtech Holdings Ltd down 51.7%, and Adapthealth Corp down 39.6%.
S&P 500 sector performance showed Information Technology up 3.42%, Utilities down 0.82%, Consumer Discretionary down 0.63%, Materials up 1.15%, Industrials up 0.86%, Communication Services unchanged, Financials up 0.96%, Real Estate down 0.43%, Health Care down 0.52%, Consumer Staples down 0.51%, and Energy down 0.77%.
Market opens higher on strong forecasts and easing crude prices
The S&P 500 and the Dow hit record highs on Tuesday after strong forecasts from Caterpillar and Palantir reassured investors about AI-driven demand, while hopes for an imminent deal to end the Middle East conflict sent crude prices lower.
At 11:30 EDT, the Dow Jones Industrial Average was up 1.49% at 53,972.54. The S&P 500 was up 1.29% at 7,698.77, and the Nasdaq Composite was up 1.87% at 26,398.03.
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