Closing Bell Movers: Archer Daniels slips 6% on Trump's Coke comment
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Healthcare was the best performing sector on the S&P 500 on Wednesday, helped by stronger than expected results from Johnson & Johnson (JNJ) – that stock was one of just two names in the index to end the day up by more than 6%. Real Estate also performed well as rates came down despite the increase in tension between the White House and the Fed – Trump was reported ready to follow through on firing Fed Chair Powell before backing away on suggestion by Treasury Secy. Bessent.
Among key earnings, United Airlines did not have the same fortune as Delta's performance last quarter as the airline missed on both the top and bottom lines while cutting guidance. Also of note, Alcoa was up slightly despite a Q2 earnings miss.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
Monarch Casino & Resort (MC RI) up 15.6%
AAR Corp. (AIR) up 3.8%
Synovus Financial (SNV) up 1.7%
SL Green Realty (SLG) up 1.2%
Alcoa (AA) up 0.7%
Kinder Morgan (KMI) up 0.2%
ALSO HIGHER –
Sarepta Therapeutics (SRPT) up 35.0% after announcing strategic restructuring and job cuts
DOWN AFTER EARNINGS –
Triumph Financial (TFIN) down 5.5%
First Industrial Realty Trust (FR) down 2.7%
United Airlines (UAL) down 1.5%
ALSO LOWER –
BRC Inc. (BRCC) down 6.6%
Archer-Daniels-Midland (ADM) down 5.8% after Trump says Coke (KO) to use real sugar
Starwood Property Trust (STWD) down 3.3% after equity offering
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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