Walmart fell 9% Thursday after the largest U.S. brick-and-mortar retailer posted second-quarter revenue that beat estimates but same-store sales of 2.6%, short of the 3.5% FactSet consensus. Earnings-per-share guidance for the fiscal third quarter and the full year also missed.
Deere jumped almost 9% after fiscal third-quarter results cleared the tape. The Moline, Illinois, tractor maker earned $5.10 a share on $11 billion in revenue, against LSEG estimates of $4.70 and $10.73 billion. It raised the low end of full-year net income to $4.75 billion to $5 billion, versus a FactSet call of $4.88 billion.
Moderna dropped 25% a day after the stock jumped 177% on late-stage data for a Merck-partnered melanoma vaccine used with Keytruda. CrowdStrike lost 4% after Axios reported chief technology officer Elia Zaitsev is leaving to start Cognition, an AI-focused cyber venture fund.
Crypto names followed bitcoin and ether higher on President Donald Trump's push for Congress to pass crypto legislation. Coinbase, Strategy, and Circle Internet each gained about 8%. MARA Holdings climbed 12%. American Bitcoin added 7%.
Webull rose more than 4% after second-quarter adjusted operating income of $62.6 million beat a $33.5 million FactSet estimate. Nordson gained about 7% after lifting full-year adjusted EPS guidance to $11.80 to $12. Advance Auto Parts slid 25% on a revenue miss and a 0.5% same-store sales drop. Coty fell 9% after a wider quarterly loss. Wolfspeed dropped 15% on a slight revenue miss.
It was a split tape: retailers and biotech giving back, equipment and crypto catching a bid. The headline names all moved on numbers or news, not a single index story.