U.S. STOCKS Morgan Stanley, Intel, Guardant
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The Nasdaq Composite was set to plunge into a correction on Friday, falling more than 10% from its July peak after weak employment numbers aggravated worries of a slowdown in the U.S. economy, while Amazon and Intel's downbeat forecasts dampened sentiment. .N
At 11:33 AM ET, the Dow Jones Industrial Average .DJI was down 2.33% at 39,409.8. The S&P 500 .SPX was down 2.41% at 5,315.63 and the Nasdaq Composite .IXIC was down 2.70% at 16,729.639.
The top three S&P 500 .PG.INX percentage gainers:
** Godaddy Inc <GDDY.N>, up 5.5%
** MarketAxess Holdings <MKTX.N>, up 5.1%
** The Clorox Company <CLX.N>, up 3.7%
The top three S&P 500 .PL.INX percentage losers:
** Intel Corp <INTC.O>, down 26.2%
** Prudential Financial <PRU.N>, down 10%
** Norwegian Cruise Line Holdings <NCLH.N>, down 9.6%
The top three NYSE .PG.N percentage gainers:
** American Well Corporation AMWL.N, up 10.2%
** Fresh Del Monte Produce FDP.N, up 9.5%
** Rocket Companies RKT.N, up 9.3%
The top three NYSE .PL.N percentage losers:
** TELUS International TIXT.N, down 31.4%
** Tutor Perini Corporation TPC.N, down 30.4%
** Snap SNAP.N, down 24.9%
The top three Nasdaq .PG.O percentage gainers:
** VSee Health <VSEE.O>, up 118.9%
** Cetus Capital Acquisition Corp <MKDW.O>, up 55.5%
** Dermata Therapeutics <DRMA.O>, up 28.5%
The top three Nasdaq .PL.O percentage losers:
** Intel Corp <INTC.O>, down 26.2%
** Gyre Therapeutics <GYRE.O>, down 21.4%
** ARYA Sciences Acquisition Corp IV <ADGM.O>, down 21.2%
** Amazon.com Inc AMZN.O: down 9.2%
** ASML Holding NV ASML.O: down 8.5%
BUZZ - European tech stocks sell-off deepens after US jobs data nL4N3JP1E1
** Galapagos NV GLPG.O: down 4.2%
BUZZ - Slips after it pauses drug candidate study nL8N3JP0SC
** Nvidia Corp NVDA.O: down 2.3%
BUZZ - Slides after report of US antitrust probe nL4N3JP0VV
** Broadcom Inc AVGO.O: down 2.5%
** Marvel Technology Inc MRVL.O: down 5.5%
** Qualcomm Inc QCOM.O: down 0.8%
BUZZ - US chip stocks fall after Intel's downbeat rev forecast, dividend suspension nL4N3JP0VF
** Intel Corp INTC.O: down 26.2%
BUZZ - Eyes worst day on record after downbeat Q3 revenue forecast nL4N3JP1OE
** MercadoLibre Inc MELI.O: up 9.1%
BUZZ - Jumps after profit doubles, bucks broader market weakness nL4N3JP0Z4
** Chevron Corp CVX.N: down 3.0%
BUZZ - Down after Q2 profit miss nL4N3JP1KI
** DoorDash Inc DASH.O: up 5.7%
BUZZ - Leaps on projecting Q3 core profit above estimates nL4N3JP12L
** Xponential Fitness Inc XPOF.N: down 18.7%
BUZZ - Tumbles on surprise Q2 loss, soft 2024 guidance nL1N3JP0DO
** Church & Dwight Co Inc CHD.N: down 2.6%
BUZZ - Drops on seeing FY earnings at lower end of forecast nL4N3JP1CH
** United States Steel Corp X.N: down 1.9%
BUZZ - Falls after dour Q3 profit view on lower spot prices nL4N3JP1CC
** Alexandria Real Estate Equities Inc ARE.N: down 2.9%
BUZZ - Falls after Jefferies cuts to 'hold' nL4N3JP10E
** JPMorgan Chase & Co JPM.N: down 4.6%
** Wells Fargo & Co WFC.N: down 6.6%
** Citigroup Inc C.N: down 7.0%
BUZZ - US banks fall for second straight session after weak economic data nL4N3JP1SH
** Microchip Technology Inc MCHP.O: down 8.3%
BUZZ - Slides after downbeat current-quarter forecast nL1N3JP0IM
** Cboe Global Markets Inc CBOE.N: up 3.0%
BUZZ - Up after second-quarter profit beat nL4N3JP1G7
** Booking Holdings Inc BKNG.O: down 7.4%
BUZZ - Cut Booking's PT on dour Q3 growth view nL4N3JP17G
** Magna International Inc MGA.N: down 5.6%
BUZZ - Falls after quarterly results miss nL4N3JP1N7
** Morgan Stanley MS.N: down 5.4%
BUZZ - Declines after Wells Fargo downgrade, PT cut nL4N3JP1O5
** Apollo Global Management Inc APO.N: down 10.3%
BUZZ - Plunges after profit miss prompts PT cuts nL4N3JP1SI
** Guardant Health Inc GH.O: down 7.6%
BUZZ - Falls after revealing price of cancer-detecting blood test nL4N3JP1SM
The 11 major S&P 500 sectors:
Communication Services | .SPLRCL | down 2.00% |
Consumer Discretionary | .SPLRCD | down 5.25% |
Consumer Staples | .SPLRCS | down 1.01% |
Energy | .SPNY | down 2.47% |
Financial | .SPSY | down 2.84% |
Health | .SPXHC | down 1.64% |
Industrial | .SPLRCI | down 2.97% |
Information Technology | .SPLRCT | down 2.04% |
Materials | .SPLRCM | down 2.96% |
Real Estate | .SPLRCR | down 0.72% |
Utilities | .SPLRCU | down 1.16% |
(Compiled by Rajarshi Roy and Pratik Jain in Bengaluru)
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