Top 10 US Stock Losers (8.20)
Top Gainers&Losers·- On August 20, major U.S. stock indices declined, with the Nasdaq dropping 1%, the S P 500 falling 0.87%, and the Dow Jones losing 1.32%. - Advance Auto Parts (AAP) suffered a significant drop of 24.55% with a trading volume of $ 710 million. - Moderna (MRNA) and York Space (YSS) also recorded steep declines of 23.55% and 9.63% respectively.Stock Futures Pinched by Oil, Iran Escalation
Schaeffers·- Stock futures declined as rising oil prices and climbing bond yields pressured the market. - Crude prices surged 3.3% following geopolitical tensions involving Iran, while the 10 - year Treasury yield reached 4.7%. - Corporate earnings reports impacted major equities, with Walmart falling 5% on weak guidance, Wolfspeed dropping 10.7% on a revenue miss, and Moderna cooling off after recent gains.Wolfspeed Q4 2026 Earnings Call Transcript
benzinga_article·- Wolfspeed reported fourth-quarter fiscal 2026 revenue of $150 million, aligning with the midpoint of guidance and driven by a 6% sequential growth in device revenue due to AI data center strength. - The company ended the quarter with $1.1 billion in cash and short-term investments while reducing its net debt to approximately $600 million. - Management expects first-quarter fiscal 2027 revenue to range between $140 million and $160 million with non-GAAP operating expenses between $62 million and $66 million.