Top Movers of the Day

Wall Street rallied Tuesday, surpassing pre-August 5 levels, driven by benign July Producer Price Index (PPI) data and strength in info tech stocks. 

The S&P 500 rose 1.68%, the Nasdaq 2.43%, and volatility (VIX) dropped. While PPI suggests easing inflation, caution remains ahead of Wednesday's Consumer Price Index (CPI) report, with the Fed likely considering a rate cut. 

The market remains sensitive to upcoming economic data and earnings reports, particularly Walmart's and Chinese companies later in the week. 

Here are the top movers and why they are moving today:

• Starbucks surged 21% after replacing its CEO with Chipotle's Brian Niccol; Chipotle fell 9% on the news.

• Home Depot rose 2% despite weak guidance predicting a 3-4% sales decline.

• Dell gained 6% after a Barclays upgrade.

• Tencent Music dropped 15% due to declining revenue and missed user expectations.

• Hormel increased 2% after a Citigroup upgrade.

• On Holding jumped 7% on strong revenue, despite a slight earnings miss.

• ViaSat fell 20% as major shareholders planned large sales.

• Rumble rose 5% after better-than-expected earnings and revenue.