US stocks on the move: Wesco, Mobileye, Glaukos
SPY•The Nasdaq fell 1.46% as Alphabet's results renewed concerns about AI spending, while Glaukos rose 31.7% after posting a surprise profit. Wesco gained after raising its annual forecast and beating third-quarter earnings estimates; Mobileye declined after tempering its adjusted operating income forecast.
1. Stocks move on earnings
At 13:30 EDT, the Dow was down 0.43%, the S&P 500 fell 0.48% and the Nasdaq Composite dropped 1.46%. Alphabet's results rekindled concerns about rising AI costs, while earnings continued to dominate investor focus.
2. Company shares diverge
Wesco gained after raising its annual forecast and beating third-quarter earnings estimates. Mobileye declined after tempering its adjusted operating income forecast. Glaukos climbed 31.7%, placing it among the NYSE's top three percentage gainers, after posting a surprise profit.
