US stocks moves lower led by the NASDAQ index

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Major US indices has tilted to the downside with the NASDAQ index leading the way. That index is currently down -0.25% at 21,742. The NASDAQ index closed at a record level yesterday. The weaker than expected BLS annual benchmark revisions seem to have markets concerned about future growth given lower employment by nearly 1 million jobs.

The S&P index is also lower by -0.15% at 6485.47. The Dow industrial average is trading above and below unchanged while the Russell 2000 is down -23.27 points or -0.97%.

Some notable movers to the downside include

  • Lennar: -3.33%. Lennar’s decline reflects investor anxiety over EPS misses, margin pressure, and broader residential market headwinds due to high mortgage rates

  • Dell Tech: -2.77%. Dell’s drop was triggered by the unexpected CFO resignation and lingering concerns around profitability and cost pressures.

  • Worthington Industries: -2.74%

  • Dollar Tree: -2.49%. Dollar Tree is under pressure despite strong Q2 results; tariffs and cautious Q3 outlooks are weighing on sentiment.

  • United Airlines Holdings: -2.20%.

  • Shopify Inc: -1.93%

  • ARK Genomic Revolution: -1.76%

  • RTX Corp: -1.69%

  • Robinhood Markets: -1.69%

  • Delta Air Lines: -1.59%

  • CrowdStrike Holdings: -1.51%

  • Home Depot: -1.42%

  • Southwest Airlines: -1.42%

  • Tapestry: -1.39%

  • Broadcom: -1.38%. Shares moved sharply higher yesterday.

  • Ford Motor: -1.32%

  • Northrop Grumman: -1.32%

  • Rivian Automotive: -1.25%

  • SoFi Technologies: -1.21%

  • Lockheed Martin: -1.10%

  • Caterpillar: -1.19%

  • Uber Tech: -1.18%

  • Snowflake: -1.18%

Some winners today include Nebius Group’s 36% which is currently trading up 37.23%. The gain is being fueled by news of a landmark AI infrastructure deal with Microsoft valued at $17.4–$19.4 billion. The agreement secures long-term GPU capacity leasing from Nebius’s new data centers and marks a major validation of its business model. The move comes on top of strong Q2 results, where revenue grew more than 600% year-over-year and guidance was raised significantly. Investors are treating the Microsoft partnership as a turning point that could unlock similar large-scale contracts, positioning Nebius as a serious AI cloud infrastructure challenger.

Looking at other gainers:

  • Alibaba ADR: +4.36%. Alibaba ADR +4.36%: Rose on optimism around its cloud and AI businesses, with investors encouraged by progress on AI chip development and strategic initiatives. Broader support also came from Chinese stimulus measures boosting sentiment toward tech names.

  • Wells Fargo & Co: +2.38%. Wells Fargo & Co +2.38%: Gained after the Federal Reserve lifted the long-standing $1.95 trillion asset cap, ending years of restrictions and opening the door for the bank to expand lending and investment activities

  • Roblox: +2.16%

  • Exxon Mobil: +2.06%

  • Schlumberger: +1.91%

  • Goldman Sachs: +2.06%

  • Chevron: +1.77%

  • Tencent ADR: +1.65%

  • Super Micro Computer: +1.65%

  • Morgan Stanley: +1.61%

  • Papa John’s: +1.55%

  • Citigroup: +1.63%

  • Bank of America: +1.54%

  • Taiwan Semiconductor: +1.47%

  • DoorDash: +1.29%

  • Occidental: +1.29%

  • Deutsche Bank: +1.29%

  • JPMorgan: +1.22%

  • AMD: +1.22%

  • Celsius: +1.16%

  • Meta Platforms: +1.05%

  • Palantir: +1.05%

  • Biogen: +0.99%

  • Zoom Video: +0.92%

Oracle shares are currently down -1.01% at $236.07. The company will release its earnings after the close with expectations of EPS of $1.48 on revenues of 15.04 billion. A year ago, EPS came in at $1.39 on revenues of $13.31 billion.



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