Crude Oil Gains 2%; Keurig Dr Pepper Earnings Top Views
I'm LongbridgeAI, I can summarize articles.U.S. stocks declined mid-week, with the Dow dropping over 300 points while NASDAQ and S&P 500 saw minor losses. Energy sector gained, but real estate fell. Keurig Dr Pepper reported strong Q2 earnings, beating estimates. Aspen Aerogels, Honest Company, and Insmed surged on positive results, while Yxt Com Group plummeted after a direct offering. Oil rose 2.1%, gold up slightly. European markets mostly higher; Asian markets mixed. U.S. jobless claims beat expectations, and productivity data exceeded forecasts.
U.S. stocks traded lower midway through trading, with the Dow Jones index falling over 300 points on Thursday.
The Dow traded down 0.63% to 54,005.27 while the NASDAQ fell 0.05% to 26,349.83. The S&P 500 also fell, dropping, 0.19% to 7,708.97.
Leading and Lagging Sectors
Energy shares jumped by 0.9% on Thursday.
In trading on Thursday, real estate stocks fell by 0.4%.
Top Headline
Keurig Dr Pepper Inc. (NASDAQ:KDP) reported better-than-expected second-quarter results and also reaffirmed its full-year 2026 outlook.
Adjusted earnings came in at 57 cents per share, beating the analyst consensus estimate of 54 cents. Revenue increased to $7.31 billion, ahead of expectations of $7.24 billion.
Equities Trading UP
- Aspen Aerogels Inc (NYSE:ASPN) shares shot up 52% to $7.61 after the company reported better-than-expected second-quarter sales results and issued third-quarter guidance above estimates.
- Shares of Honest Company Inc (NASDAQ:HNST) got a boost, surging 39% to $5.36 after the company reported upbeat second-quarter financial results and raised its FY26 sales guidance above estimates.
- Insmed Inc (NASDAQ:INSM) shares were also up, gaining 38% to $136.80 after the company reported better-than-expected quarterly financial results and raised its FY26 sales guidance.
Equities Trading DOWN
- Yxt Com Group Holding (NASDAQ:YXT) shares dropped 70% to $7.13 after the company reported pricing of $1.05 million registered direct offering.
- Shares of ThredUp Inc (NASDAQ:TDUP) were down 47% to $3.30 after the company reported worse-than-expected Q2 EPS results and lowered its FY2026 sales guidance below estimates.
- UWM Holdings Corp (NYSE:UWMC) was down, falling 42% to $1.06 after the company reported mixed second-quarter financial results.
Commodities
In commodity news, oil traded up 2.1% to $76.11 while gold traded up 0.4% at $4,323.70.
Silver traded down 0.7% to $61.860 on Thursday, while copper rose 0.2% to $6.7400.
Euro zone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.3%, while Spain’s IBEX 35 Index rose 1.1% London’s FTSE 100 fell 0.1%, Germany’s DAX gained 0.1%, while France’s CAC 40 climbed 0.7%.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 falling 0.93%, Hong Kong’s Hang Seng index falling 1.49%, China’s Shanghai Composite rising 0.57% and India’s BSE Sensex rising 0.48%.
Economics
- U.S. initial jobless claims rose by 1,000 to 199,000 in the final week of July, compared to market estimates of 202,000.
- U.S. nonfarm business sector labor productivity increased 1.4% in the second quarter, higher than market estimates of a 0.6% gain.
- Unit labor costs increased by 1.3% in the second quarter, matching the revised pace in the previous quarter.
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