U.S. midday movers track earnings swings across tech, healthcare and mining

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U.S. midday movers: earnings swings

Highlights

Alphabet drops over 4% after announcing an AI division reshuffle and the departure of long-time chief scientist Jeff Dean.
SpaceX falls 8% as Q2 capital expenditures surge 550% to $18.37 billion on AI investment, despite revenue of $7.81 billion beating consensus.
Gold miners rally sharply with VanEck Gold Miners ETF up 6.8%, Gold Fields up nearly 10%, and Newmont and Barrick Mining rising 7% and 6%, respectively, as gold futures hit a near two-month high.

Earnings, guidance and company updates drive trading

As reported by CNBC, Alphabet is among the notable decliners, with shares sliding more than 4% after Google says it is reshuffling its artificial intelligence divisions and that chief scientist Jeff Dean is departing after 27 years.

SpaceX falls 8% after releasing its first quarterly report since going public in June. The company reports second-quarter capital expenditures of $18.37 billion, up 550% from a year earlier and largely driven by artificial intelligence, while revenue of $7.81 billion tops an LSEG consensus of $6.93 billion. The company also posts a loss of 9 cents per share, though comparability with an estimate for a 26 cent-per-share loss is unclear.

Shopify surges about 17% as third-quarter guidance exceeds expectations, with revenue growth projected in the low-30% range from a year earlier, above the FactSet consensus estimate of 26.5%. Arista Networks gains 4% after second-quarter earnings, revenue and non-GAAP operating margins beat estimates, while third-quarter profit and revenue guidance also comes in ahead. AMD, however, drops 6% even though second-quarter adjusted earnings and revenue slightly top consensus, as investors appear underwhelmed by results and third-quarter revenue guidance of about $13 billion that is roughly in line with expectations.

In healthcare, Insulet tumbles more than 20% after cutting its 2026 U.S. Omnipod growth forecast to 17% to 19% from 20% to 22%, despite second-quarter results that beat expectations. Amgen rises 4% to a 52-week high after posting adjusted earnings of $6.29 per share and revenue of $10.05 billion, both above FactSet estimates, and raising full-year guidance. Eli Lilly adds more than 3% after beating on earnings and revenue and increasing its 2026 revenue outlook as demand for Zepbound and Mounjaro continues to surge.

Other earnings-driven movers include Charles River Laboratories, up more than 11% after beating consensus and lifting adjusted earnings guidance; Booking Holdings, up more than 5% after stronger-than-expected second-quarter results but with a reduced gross bookings growth outlook; and Disney, up nearly 2% after a mixed fiscal third quarter in which earnings beat but revenue slightly misses. Wynn Resorts gains 7% after second-quarter adjusted earnings and revenue top LSEG estimates, while CVS Health reverses earlier gains and falls 5% despite better-than-expected results and a higher 2026 adjusted earnings per share forecast.

Pinterest drops 8% after third-quarter revenue guidance fails to impress, even though second-quarter results beat estimates. DaVita sinks around 19% despite better-than-expected second-quarter performance, with investors focusing on full-year adjusted earnings guidance that brackets the FactSet consensus. Teradata plunges about 20% after third-quarter earnings guidance trails Wall Street expectations, Uber falls 7% after third-quarter bookings and earnings guidance misses analyst estimates, and Flutter Entertainment declines more than 11% after announcing a CEO transition and lowering full-year revenue guidance.

Gold miners and sector reactions shape broader market tone

Mining stocks are among the strongest performers as gold futures touch their highest level since June 18. The VanEck Gold Miners ETF jumps 6.8%, while U.S.-traded shares of Gold Fields advance nearly 10%, and Newmont and Barrick Mining are up 7% and 6%, respectively.

The breadth of midday moves shows investors are placing greater weight on forward guidance and strategic developments than on headline earnings beats alone. Several companies that top analyst estimates are still falling, while others are rallying on improved outlooks, underscoring a market that is rewarding visibility on demand, margins and spending discipline.

Our earlier coverage of SpaceX’s first post-IPO quarterly earnings explained how a strong revenue beat was eclipsed by investor unease over a sharp, AI-driven surge in capital expenditures. We noted that the stock slid despite narrower-than-expected losses, as markets demanded clearer evidence that the spending will translate into sustainable profitability.

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