Top Movers of the Day

Mover TrackerTuesday, Jul 30, 2024 4:50 pm ET
1min read
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Tech stocks tumbled Tuesday as Microsoft (MSFT) earnings approached. Semiconductor investors saw major losses with the PHLX Semiconductor Index down 17% from its July peak. Rotations into small caps, energy, financials, and real estate offered some market balance. 

Microsoft's earnings beat estimates but cloud growth fell short, leading to a sharp post-bell drop. Major benchmarks were mixed: S&P 500 down 0.5%, Dow up 0.5%, Nasdaq down 1.3%. Key earnings and central bank meetings, including the Fed and BoJ, are expected to impact market volatility this week.

Here are the top movers of the day:

  • CrowdStrike (-9.72%): Dropped nearly 10% after Delta Air Lines sought damages over a tech outage.

  • Microsoft (-0.89%): Fell slightly, with further declines after earnings report.

  • Nvidia (-7%): Declined due to competition concerns in AI.

  • Merck (-9.81%): Fell after earnings outlook disappointed.

  • Pfizer (+2.2%): Rose on better-than-expected earnings.

  • Procter & Gamble (-4.8%): Dropped on sales miss despite profit beat.

  • SoFi Technologies (+1.2%): Increased after beating earnings estimates.

  • PayPal (+8.6%): Jumped on strong earnings and raised guidance.

  • Corning (-6.9%): Fell after issuing disappointing guidance.

  • JetBlue Airways (+12%): Rose on unexpected profit.


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