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Market Update: Biggest Movers

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Stock Gainers

  • Applied Materials Inc. (AMAT, -0.48%) experienced a 3.5% increase during premarket trading. The chip industry equipment supplier reported earnings that exceeded Wall Street’s expectations and provided a positive outlook for the future.

  • Ross Stores Inc. (ROST, -1.88%) saw its shares rise over 5% after surpassing Wall Street’s expectations for its second quarter earnings. The retailer also raised its guidance, citing the positive response from budget-conscious customers to its off-price offerings.

Stock Decliners

  • Farfetch Ltd. (FTCH, -1.65%) witnessed a significant 35% decrease in its stock value following lower-than-expected sales results for the luxury fashion company.

  • Keysight Technologies Inc. (KEYS, -0.50%) experienced a 10% drop in its stock price due to an underwhelming outlook from the electronics-design and test-solutions company.

China-Listed ADRs

China-listed American Depositary Receipts (ADRs) faced pressure due to recent developments in China’s financial landscape. The People’s Bank of China’s strengthened defense of the yuan and the bankruptcy protection filing by property developer China Evergrande Group in New York contributed to the decrease in market value for various companies.

  • Shares of JD.com Inc. (JD, -0.34%), Bilibli Inc. (BILI, +0.72%), and NIO Inc. (NIO, +0.88%) all suffered declines of over 3%.

  • Additionally, shares of Alibaba Group Holding Ltd. (BABA, +1.72%) fell by 2.5%.

Stay informed with the latest market updates to make informed investment decisions.

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