Biggest S&P 500 Movers on Thursday

• Advancers
• Monolithic Power Systems (MPWR) shares led the S&P 500 higher on Thursday, jumping 11.4%. The semiconductor firm specializing in power management technology posted strong quarterly financial results earlier in the week, beating revenue and 澳洲幸运5开奖号码历史查询:earnings per share (EPS) expectations amid growing demand for 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) power solutions.
• Shares of electronic technology manufacturer Parker-Hannifin (PH) soared 10.8%. The provider of motion and control technologies also topped quarterly sales and profit estimates, benefitting from robust demand in its aerospace services segment, despite headwinds in diversified industrials. Aftermarket strength helped boost sales and margins in Parker-Hannifin's aviation business.
  

• Eli Lilly (LLY) shares popped 9.5% after the drugmaker reported 澳洲幸运5开奖号码历史查询:better-than-expecte🦹d sales and prof𓆏its for the second quarter. Sales of Lilly's diabetes and weight-loss treatments Mounjaro and Zepbound underpinned the strong performance. The company also raised its full-year revenue and earnings outlook, citing production expansions to improve its supply of the popular drugs.
  
• Decliners
• Shares of McKesson (MCK) sank 11.3% on Thursday, marking the steepest drop of any stock in the S&P 500, after the distributor of health care supplies 澳洲幸运5开奖号码历史查询:missed quarterly sales estimates. McKesson said fewer product launches, slumping demand for COVID test kits, and a key customer shifting from arthritis treatment Humira to a biosimilar as factors behind the revenue shortfall.
• Monster Beverage (MNST) shares lost 10.9% following 澳洲幸运5开奖号码历史查询:weaker-than-expecꦆted finan✱cial results. The company said slower foot traffic at convenience stores has pressured sales of energy drinks
• Shares of Warner Bros Discovery (WBD) dropped 8.9% after the entertainment giant posted a 澳洲幸运5开奖号码历史查询:loss of nearly $10 billion for the second quarter, steeper than expected by analysts. The results included a $9.1 billion non-cash goodwill impairment charge reflecting a write-down in value of the company's cable networks, which have been disrupted by streaming services.

-澳洲幸运5开奖号码历史查询:Michael Bromberg

Palantir Jumps on Microsoft Partnership

Palantir Technologies (PLTR) shares soared Thursday after 澳洲幸运5开奖号码历史查询:the company announced an agreement with Microsoft (MSFT) to provide the U.S. government with secure cloud, 澳洲幸运5开奖号码历史查询:artificial intelligence (AI), and analytics capabilities for natꦑional security. ☂;Microsoft shares also gained.

The companies said the U.S. defense and intelligence community, which includes government organizations like the Central Intelligence Agency and military intelligence agencies, will have access to Palantir and Microsoft's AI and cloud tech for national security missions.

The agreement provides the U.S. government agencies with 澳洲幸运5开奖号码历史查询:large language models (LLMs) through Azure OpenAI Services, Microsoft's cloud offerings through its partnership with OpenAI, and 澳洲幸运5开奖号码历史查询:Palantir's AI Platform (AIP).

Palantir 澳洲幸运5开奖号码历史查询:has existing contracts𓄧 with the U.S. government, including a contract with the U.S. Army focused on AI and machine learning.

Palantir shares were up 11% in late trading Thursday. The stock also jumped on Tuesday following a 澳洲幸运5开奖号码历史查询:better-than-expected earningꦡs report.

-澳洲幸运5开奖号码历史查询:Naomi Buchanan

Levels to Watch in the Price of Gold

Gold prices recover🅠ed on Thu꧅rsday after losing ground in the past several sessions amid the broader market downturn.

According to our technical analysis, which you can 澳洲幸运5开奖号码历史查询:read here, Investors should monitor for a breakout or breakdown from an ascending channel on the gold chart, wh💝ich will likely provide clues about the precious metal's next move.

A breakdown from the pattern could see the gold price revisit support at $2,200 and $2,08ꦉ5, while a breakout could see price targets met at $2,675 and $2,770.

Gold futures were ♊up 1.4% at around $2,465 in𒐪 recent trading.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Bumble Tumbles to All-Time Low

Shares of Bumble (BMBL) plunged to their all-time low Thursday after 澳洲幸运5开奖号码历史查询:the online dating service slashed its guidance as customers spent less on it.

The company that operates the eponym🐈ous app now expects full-year revenue to rise 1% to 2% year-over-year, cཧompared with its earlier forecast of 8% to 11%, and app revenue to rise 1.5% to 2.5%, down from 9% to 11%. 

In the second quarter, total paying users climbed 14% to 4.1 million but the to꧙tal ave🅷rage revenue per paying user fell 8.0% to $21.37.

The company’s second-quarter revenue of $268.6 million fell short ไof expectations, while earnings per share of $0.22 were better than anticipated. 

Bumble shares hit an all-time low Thursday morning and were do꧋wn 30% in recent trading.

-澳洲幸运5开奖号码历史查询:Bill McColl

Under Armour Jumps 20% as Restructuring Takes Shape

Under Armour (UAA) shares popped Thursday following the company's澳洲幸运5开奖号码历史查询: first-quarter fiscal 2025 results, its first since announcing a substantial ♑re༺structuring plan.

The athletic apparel retailer said it has recogniz🍌ed $34 million of the estimated $70 to $90 million in charges related to the restructuring, with the remainder expected to occur in fiscal 2025. Notably, the process has included a drawback in promotional material. 

Under Armour reported revenue of $1.18 billion, down 10% year-over-year but above analysts' expectations. Adjusted profit of 1 cent per share also came in better than anticipated.

Under Armour said it expects fiscal 2025 revenue to fall at a low double-digit percentage rate, and an adjusted per-share profit of 19 cents to 22 cents. The forecasts are in line with analysts' expectations.

Under Armour sha𒊎res were up 19.5% in recent trading at their highest level since March.

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Chip Stocks Leading Thursday's Rally

Gains for tech stocks are pushing the market higher Thursday, led by sharp increases by Nvidia (NVDA) and other chipmakers.

Nvidia, Intel (INTC) and Advanced Micro Devices (AMD) were all up more than 4% in late-morning trading. The iShares Semiconductor ETF (SOXX)🍨 was up more than 5%, 🐲as chip stocks rose across the board.

Over the last week, the ETF had come under increasing pressure amid the broader market's downturn. 澳洲幸运5开奖号码历史查询:Disappointing earnings from Intel and reports that Nvidia's highly anticipated Blackwell chips would be delayed&nb🐈sp;by at least three months also weiꦇghed on sentiment.

Amid the recovery Thursday, ♛keep an eye on the $215 and $239 price levels, where SOXX may run into overhead resistanc💖e.

Read our 澳洲幸运5开奖号码历史查询:technical analysis here.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Expectations for Big Fed Rate Cuts Moderate

The market meltdown on Monday that sent U.S. stock indexes to their biggest one-day losses in two years also led market participanꦰts to price in nearly a 100% chance that the Fed would cut its benchmark lending rate by half a percentage point at its next policy committee meeting in Se🌠ptember.

With 澳洲幸运5开奖号码历史查询:Thursday's jobless claims data indicating that the econom𒊎ic fears that sparked Monday's selloff may have been overblown, expectations for steep rateꦫ cuts in September and beyond are being scaled back.

Traders are now pricing in a 55% likelihood that the Fed will cut its influential rate by half a point at its September policy meeting, according to the CME Group's FedWatch tool, which forecasts interest rate movements based on fed funds futures trading data. That's still up from the 22% a week ago, but down from the 99% chance that was being priced in at the height of Monday's volatility.

The Fed's policy committee decided last week to maintain the fed funds rate at a range of 5.25% to 5.50%, where it has been for the past year as the central bank has sought to tame inflation. With inflation on the decline and stress in the labor market, 澳洲幸运5开奖号码𓄧历史查询:Fed Chair Jeromeꦜ Powell said last week that the Fed could start cutting rates, which are at their highest level since 2001, as soon as Sep💜te🐓mber.

Warner Bros. Discovery Shares Plunge on Weak Earnings

Warner Bros. Discovery (WBD) shares plunged Thursday after 澳洲幸运5开奖号码历史查询:the entertainment company recorded an almost $10 billion second-quarter loss, hit by a 澳洲幸运5开奖号码历史查询:write-down in the value of its cable networks.

The company posted a $9.1 billion non-cash goodwill impairment charge from its cable networks segment, showing that CNN and TNT, among others, continue to be 澳洲幸运5开奖号码历史查询:disrupted by streaming services like Netflix (NFLX).

The company's fortunes don't look much brighter, either, after its TNT Sports unit last month lost out ꦛon the lucrative 11-year media ཧrights deal to show NBA games.

Warner Bros. Discovery's second-quarter loss widened to $9.99 billion from $1.24 billion last year, while revenue fell to $9.71 billion from $10.36 billion. The numbers were worse than expected on both the top and bottom lines.

WBD shares were down 10%, trading at their lꦺowest levels since 2008.

-澳洲幸运5开奖号码历史查询:Nisha Gopalan

Eli Lilly Soars on Strength of Weight-Loss Drug Sales

Eli Lilly (LLY) shares surged higher in early trading Thursday after the 澳洲幸运5开奖号码历史查询:drugmaker's second-quarter earnings came in well above analysts' estima꧃tes and it raised its full-year revenue and profit guiꦰdance.

The maker of weight-loss drugs Mounjaro and Zepbound reported $11.3 billion in revenue, a 36% year-over-year jump and more than $1 billion above what 澳洲幸运5开奖号码历史查询:analysts had expected. Profits rose 68% to $2.97 billion, also well above estimates.

Sales of Mounjaro more than tripled to $3.09 billion, while Zepbound sales have already surpassed $1 billion after only 澳洲幸运5开奖号码历史查询:receiving FDA approval in November 2023.

Eli Lilly lifted its 2024 revenue guidance by $3 billion, now projecting $45.4 billion to $46.6 billion on the back of strong Mounjaro and Zꦿepbound sales.

Elꩲi Lilly shares were🀅 up nearly 9% in recent trading.

-澳洲幸运5开奖号码历史查询:Aaron McDade

Stock Futures Point to Higher Open for Major indexes

Futures tied to the Dow Jones Industri🎀al Average were up 0.5%.

S&P 500 futures were up 0.8%.

Nasdaq 100 futures were up 1.2%