S&P 500 Losses and Gains Today

Here a🅘re the S&P 500 stocks that gained and lost the most today.

Dow Higher Ahead of New Inflation Data

The 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average broke a two-day losing streak, gaining 116 points, or 0.35%, as Treasury yields pulled back from recent highs. Investors also prepared for fresh infl༒ation data on Friday, the last day of trading in September and the third quarter.

Intel (INTC) gained 1.6%, leading the Dow 30 for the second day in a row. 

Shares of 澳洲幸运5官方开奖结果体彩网:Caterpillar (CAT) jumped by 1.3% after it struck a deal with lithium miner Albemarle (ALB) t🍸o provide it with battery-powered mining equipment for its zero-emissions lithium mine in North Carolina.

JPMorgan Chase (JPM) shares gained 1.2% after reports that it would offer a 6% interest rate six-month 澳洲幸运5官方开奖结果体彩网:certificate of deposit (CD) for deposits of $5 million. Goldman Sachs (GS) gained 1% after reports that the U.K. would ease “ringfencing” rules restricting what banks can do with clients’ deposits, a change that would also benefit JPMorgan. Visa (V) shares were up 0.9%.

Nike (NKE) shares rose 0.3%, posting its first gain in 9 sessions ahead of its 澳洲幸运5官方开奖结果体彩网:earnings report, due after markets close.  

Boeing (BA) shares fell 2.6% after Irish airline Ryanair (RYAAY) announced cuts to its winter schedule due to delivery✅ delays of Boeing’s♛ 737 MAX. Ryanair shares gained 1.2%. 

IBM (IBM) shares slipped 1.1%, while Procter & Gamble (PG) shares declined 0.7%.

-Terry Lane

Surging Bond Yields, Dollar, and Oil Cool Off

Financial instruments that have been on a tear this week took a breather Thursday, giving stocks some room to 𒆙rise. 

Treasury yields, which started the week arouꦐnd 4.46% rose as high as surged to as much a🧜s 4.67% Thursday morning before pulling back.

The U.S. ꧑dollar climbed for seven conse🌱cutive sessions before dipping Thursday. 

And crude oil꧃ prices surged more than 3ꦇ% to about $95 a barrel yesterday before slipping nearly as much to trade under $92 today. 

CarMax Shares Sin🎶k as Used Car Demand Falls Amid Rising Loan Costs

CarMax (KMX) shares 澳洲幸运5官方开奖结果体彩网:tumbled over 10% Thursday after reporting a🐟 profit below forecasts as demand for use💎d vehicles slowed and the company spent more to cover potential losses from bad loans.

The largest seller of used vehicles posted second-quarter fiscal 2024 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.75, down $0.04 from a year ago and short of analysts’ estimates. Revenue dropped 13.1% to $7.1 billion, altho🍷ugh that was better than expected.

Inco♋me from the company’s financing unit sank 26.2% to $135 million. CarMax explained the slide was because of “compression in the net interest margin perc𝓰entage and a higher provision for loan losses.”

CarMax sh🃏ares plunged to their lowest level sinꦫce May following the news.

-Bill McColl

Midday Market Movers

Trimble Inc. (TRMB): Shares of the positioning technology developer gained more than 6% after agricultural tech maker AGCO (AGCO) agreed to acquire an 85% stake in Trimble’s aಌgricultural tech assets for $🎶2 billion. AGCO shares climbed 2.5%.

Albemarle Corp. (ALB): Shares of the lithium miner rose more than 6% after it announced a partnership with Caterpillar Inc. (CAT) to develop No﷽rth America’s first “zero-emissions” lithium mining site. Caterpillar gained about 1.5%.

Xerox Holdings Corp. (XRX): Shares of the printing company rose about �ꦓ�1% after it said it would purchase activist investor Carl Icahn and his associates’ stake in the company for $542 million.

Micron (MU): Micron shares dropped 4% after the semiconductor company offered weaker-than-expected current-quarter earnings guidance, as a ꦯrebound in memory chip dema🦹nd and prices remains elusive.  

Boeing (BA): Shares of the jet maker fell 1% after delivery delays caused Ryanair (RYAAY),🔥 Europe’s most-traveled airline, to cancel some holiday flights. Ryanair shares were unaffecꦆted. 

Toyota's Global Sales Hit Record High in August Amid Robust Production

Toyota Motors (TM) global sales, including subsidiaries Daihatsu Motor and Hino Motors, 澳洲幸运5官方开奖结果体彩网:surged 9% year-over-year in August, reaching an all-time high of 923,180 vehicles.

In the U.S., Toyota's sales jumped 15%, and domestic sales increased by a whopping 46%. However, sales declined by roughly 7% in China.

The Japanese carmaker sold 65,467 electric vehicles in the first eight𓂃 mon😼ths of this year, more than double its total in all of 2022. Despite the boost, it is far from its ambitious target of selling 1.5 million EVs by 2026.

The jump in sales underscores Toyota's, and the automotive industry's, recovery from last year's semiconductor shortage.

Toyota shares were little changed middayꦐ Thursday𝄹.

-Fatima Attarwala

Micron Shares Drop on Memory Chip Market's Sluggish Recovery

Shares of Micron Technology (MU) tumbled more than 5% in early trading Thursday after the company issued disappo🦹inting current-quarter guidance, despite beating revenue and profit expectations for the quarter ended Aug. 31.

Q4 Results

• Revenue: $4 billion vs. $3.95 billion expected
• Adjusted loss per share: $1.07 vs. $1.15 expected

At the same time, Micron issued guidance below analysts' expectations. The company projects an adjusted loss of $1.07 per share in the current quarter, while analysts polled by Refinitiv had projected 95 cents.

While the company said inventories are normalizing, demand and prices for memory chips remain depressed and executives see a slower recovery tha൲n an෴alysts expected.

Shares recovered some of their losses late Thursday morning, and were trading just 2% lower midday. Despite today's decline, Micron shares are still up almost 30% so far this year.

-Mack Wilowski

Pel🔯oton Shares Surged After Striking Partnership Deal With Lululemon

Peloton Interactive (PTON) shares surged more than 10% in early trading Thursday after 澳洲🌄幸运5官方开奖结果体彩网:announcing a five-year partnership with Lululemon (LULU).

The move could boost Peloton's popularity at a time when demand for its subscriptions has waned after skyrocketing during the pandemic. Peloton added more than 100,000 subscribers in its 2023 fiscal year but lost 29,000 subscribers in its fourth quarter.

Shares gave up most of their early gains to trade up about 2% at 10:30 a.m. ET. Despite Thursday's gains, Peloton shares have lost about two-fifths of their value so far this year.

-Fatima Attarwala

Stocks Making the Biggest Moves Premarket

Gains:

• Peloton Interactive Inc. (PTON): Shares of the fitness company rose more than 10% after it announced a strategic partnership with athletic apparel maker Lululemon (LULU). Peloton will provide Lululemon with fitness content, while the latter will become Peloton’s primary apparel provider. 
• GameStop Corp (GME): Shares of the video game retailer gained more than 7% after its board elected activist investor and Chewy founder Ryan Cohen as CEO. 
• Jabil Inc. (JBL): The electronics manufacturer’s shares rose more than 3% after it reported adjusted earnings per share of $2.45, beating analysts’ estimates.

Losses:

• CarMax Inc. (KMX): Shares fell more than 11% after the used-car retailer reported lower-than-expected profit last quarter, citing lower sales volume from higher interest rates. 
• Workday Inc. (WDAY): The HR software provider’s shares fell more than 10% after analysts were disappointed by the firm’s long-term revenue forecasts. Management said at an event yesterday they anticipate subscription revenue growth of between 17% and 19% through 2027. Wall Street estimated growth of more than 20%.
• Accenture Plc. (ACN): Shares of the management and IT consultant fell nearly 5% after it missed analysts’ revenue estimates in the most recent quarter and forecast lower-than-expected earnings for the year.

5 Things to Know Before Markets Opens

Here's 澳洲幸运5官方开奖结果体彩网:what investors need to know to start their day:

1. The United Auto Workers threatened to widen its 澳洲幸运5官方开奖结果体彩网:strike against the Detroit 𒁃“Big Three” automakers unless progress is made in negotiations, saying it would announce a new strike target at 10 a.m. on Friday.
2. GameStop (GME) named Ryan Cohen as its CEO and chair, leaving the role of executive chair that the billionaire activist investor took after GameStop ousted its former CEO in June.
3. 澳洲幸运5官方开奖结果体彩网:Delta Air Lines (DAL) CEO Ed Bastian said the airline went “too far” when it changed its frequent-flier SkyMiles program to reward spending over flights, while also curtailing access to its popular lounges for some credit-card holders.
4. 澳洲幸运5官方✤开奖结果体彩网:Federal Reserve Chair Jerome Powell will speak at 4 p.m. ET today when he gives opening remarks and participates in a panel featuring educators.
5. The Bureau of Economic Analysis kept its estimate of second-quarter 澳洲幸运5官方开奖结果体彩网:gross domestic product (GDP) steady at 2.1%. Economists had expected a slight upward revision to 2.2%.

-Terry Lane

Stock Futures See-Sawing in Premarket Trading

Futures contracts connected to the Dow Jones Industrial Average were swinging between gains and losses early Thursd🐷ay. They were up 0.2% and headed higher about an hour before markets ꦯopened.

🍨 S&P 500 futures were similarly volatile, but were up 0.1% before the open.

Nasdaq 100 contracts were in the red—down a bit less than 0.1%.