In midday trading, several companies made headlines. Moderna’s shares decreased over 3% after a downgrade to underweight from JPMorgan. Oracle saw a nearly 2% increase as it raised its revenue outlook for fiscal 2026 and issued strong guidance for fiscal 2029. Aptiv PLC’s stock climbed 3% after CEO Kevin Clark purchased 30,000 shares earlier in the week. Home furnishings retail company RH experienced a 25% jump in its stock price after reporting better-than-expected second-quarter earnings. Uber’s shares rose over 5% following news of an expanded partnership with Alphabet’s Waymo, allowing for robotaxi services in Austin, Texas, and Atlanta. Adobe, on the other hand, saw a 9% drop in its shares after issuing weaker-than-expected guidance for the current quarter.
Boeing faced a 4% decline in its stock price after factory workers went on strike and rejected a new labor contract, potentially affecting the production of the 737 Max. Unity Software’s shares increased by nearly 7% after Stifel raised its price target on the company. U.S. e-commerce stocks Etsy and Wayfair each advanced 7% following the Biden administration’s plans to close trade loopholes related to low-cost imports. China-based PDD Holdings, however, saw a decline of more than 3% in its shares. Real estate brokerage firm Redfin Corporation surged 21%, alongside other builder and real estate stocks, in anticipation of an expected rate cut from the Federal Reserve.
Warner Bros. Discovery’s shares rose about 9% after entering an early renewal agreement with Charter Communications. The media conglomerate’s CEO also projected adding more than six million subscribers in the current quarter. Overall, these companies experienced a mix of gains and losses in midday trading, driven by various factors such as earnings reports, partnerships, labor strikes, and government regulations. Investors are closely monitoring these developments as they navigate the fluctuating market conditions. It will be interesting to see how these companies continue to perform in the coming weeks and months.
