Biggest stock movers Wednesday: SYRE, INTU, SAP and more
Stock futures were mixed as investors awaited U.S. inflation data and Nvidia results. Semtech (SMTC) rose 3.2% on strong Q2 earnings, while HEICO gained 2.5% beating estimates. Spyre Therapeutics (SYRE) dropped ~12% due to mixed phase 2 trial results. Intuit (INTU) fell 11.7% after issuing weak FY2027 guidance below consensus. SAP declined 4.8% after UBS downgraded it to neutral, citing slow AI product adoption.
