U.S. Stocks on the Move-Meta, Kohl's, J.M. Smucker
SPY•Market backdrop
The S&P 500 and the Nasdaq were set for a lower open on Wednesday as hotter-than-expected inflation added to bets on a September interest rate hike, while markets awaited AI bellwether Nvidia's quarterly earnings.
Individual stock moves
- Intuit Inc (INTU.O): Shares fall after weak annual revenue forecast.
- Zoom Communications Inc (ZM.O): Falls after weak third-quarter profit forecast.
- Palantir Technologies Inc (PLTR.O): Software sector under pressure after Intuit outlook disappoints.
- Trupanion Inc (TRUP.O): Piper Sandler downgrades Trupanion; shares slip.
- Spyre Therapeutics Inc (SYRE.O): Falls after arthritis drug misses development target.
- Semtech Corp (SMTC.O): Jumps after Q2 results beat estimates.
- Boston Scientific Corp (BSX.N): Falls after cybersecurity incident causes disruption to operations.
- Donaldson Company Inc (DCI.N): Rises as Q4 profit tops estimates.
- Biohaven Ltd (BHVN.N): Jumps on SK Biopharma epilepsy licensing deal worth up to $795 million.
