Top Movers of the Day

Stocks attempted to rebound but lost some gains as investors awaited the Fed's preferred inflation gauge. Small-cap stocks rose, with the Russell 2000 up nearly 1.5%. Disappointing earnings from Tesla and Alphabet caused a tech sell-off, leading to the Nasdaq's biggest drop since October 2022. Technical factors aided Thursday's early gains. The S&P 500 and Nasdaq faced volatility amid strong GDP growth. Investors anticipate the PCE price index release. Major indices ended mixed; S&P 500 down 0.5%, Dow up 0.2%, Nasdaq down 0.9%. 

Here are the top movers of the day:

Ford shares fell 18% after missing Q2 earnings estimates and maintaining its profit outlook. 

Tesla rose 2% after a steep decline due to missed earnings. 

Alphabet dropped 3.1% following a disappointing YouTube ad revenue report. 

Nvidia closed down 1.7%, IBM gained 4.3% with strong AI-driven results, and ServiceNow surged 13% on strong revenue and upgraded outlook. 

Viking Therapeutics soared 28% on positive drug trial news. 

Southwest Airlines and American Airlines rose 5.5% and 4.2%, respectively, despite profit warnings. 

Edwards Lifesciences fell 31% on missed revenue, while Honeywell and RTX had mixed results. 

AbbVie gained 3.4% on strong sales.