Movers

Boeing shares sold off during the session following news that the FAA will delay the certification of the 737 MAX 10 due to a newly identified software bug. The issue, which affects automated landing guidance during go-around procedures, drew increased regulatory scrutiny throughout the day and compounded concerns that first emerged late last week. While the company maintained that there is no immediate safety issue, the uncertainty regarding the timeline for the largest variant of the MAX program weighed heavily on the stock, causing it to significantly underperform its peers in the aerospace and defense sector.

Meta shares are sliding following a week of significant momentum, during which the stock surged 13% on the successful launch of its Muse AI agent and new wearable hardware. This pullback appears to be a consolidation of those recent gains, as the stock remains 16.2% above its 50-day moving average and had recently reached new highs alongside the broader Magnificent Seven. While the company continues to make aggressive moves into the enterprise software space—including the recent hire of the former MongoDB CEO to lead a new AI platform—the stock is likely experiencing profit-taking after its rapid ascent and in the context of a broader selloff across the Communication Services sector, where peers like Snap and Amazon also faced downward pressure.

Carvana shares were selling off during the regular session as investors appear increasingly cautious ahead of the company's upcoming earnings report scheduled for late October. While recent reports highlight the company's operational strength and expansion of same-day delivery services, the market is showing reluctance to add exposure before this pivotal quarterly update. This downward pressure occurred alongside a broader cooling in the auto dealership industry, as peer CarMax also saw its shares trade lower during the session.

Intel shares were selling off during the regular session as the broader semiconductor sector faced significant headwinds from rising oil prices and increased Treasury yields. This macro-driven pressure was compounded by investor concerns regarding the sustainability of the stock's recent rally, which saw shares gain over 40% in September despite valuation concerns that place the stock at 84x current earnings. While the company continues to execute a turnaround strategy, the stock struggled alongside peers like AMD and Qualcomm as investors rotated out of risk assets amid the broader market volatility.

Palo Alto Networks is rallying as the stock benefits from a broader positive sentiment toward the cybersecurity sector, which saw gains across peers like Zscaler and CrowdStrike. This upward momentum follows the company's recent participation in an AI agent safety initiative, which helped drive a 1.5% gain on September 28. Investors appear to be responding to the growing consensus that AI-driven cybersecurity guardrails represent a significant long-term opportunity for the firm, helping the stock recover from the 3.89% slide observed on September 25.

Regeneron Pharmaceuticals shares pulled back during the regular session as investors reacted to competitive pressure in the ophthalmology market. The primary catalyst was positive Phase 3 trial data released by Kodiak Sciences for its wet age-related macular degeneration treatment, which investors viewed as a potential challenge to Regeneron's blockbuster eye drug, Eylea. While analysts have recently highlighted Regeneron's strong fundamentals and 17% revenue growth, the market focused on the threat of Kodiak's extended-dosing regimen, causing the stock to underperform its peers in the biotechnology sector.

Coherent shares were sliding during the regular session as part of a broader retreat across the optics and photonics sector. Despite positive industry research from Citi regarding an 11 billion dollar switching forecast, the stock faced downward pressure alongside peers like Ciena, which fell 3.6 percent, and Corning, which dropped 3.3 percent. This sector-wide pullback overshadowed the company's ongoing role as a strategic partner in Nvidia's AI infrastructure, as investors rotated away from hardware and equipment stocks during the trading day.

Reddit shares were sliding during the regular session, largely tracking a broader downturn within the communication services sector that saw peer Meta Platforms pull back by 4.8%. This downward momentum was compounded by investor sentiment surrounding recent insider activity, specifically a disclosure that CEO Steve Huffman sold over 17,000 shares in mid-September through a pre-established trading plan. While the company continues to focus on international expansion and high-margin data licensing, the stock remains under technical pressure, currently trading 10.1% below its 50-day moving average.

Newmont Corporation shares were sliding during the regular session as part of a broader downturn across the precious metals sector. The decline was driven by a sharp 3.2% drop in bullion prices, which triggered a widespread sell-off among gold miners including Agnico Eagle Mines and Franco-Nevada, both of which saw similar losses. This negative momentum was compounded by rising Treasury yields and increased Federal Reserve rate hike bets, which weighed on investor sentiment for non-yielding assets like gold. While the company recently announced an agreement to divest its Poseidon and Jabali projects in Chile to Grafton Resources, the stock's movement was primarily dictated by these prevailing macro headwinds and the resulting weakness in the gold mining industry.

Akamai Technologies shares pulled back during the regular session following a period of heightened volatility and investor attention surrounding its recently announced $11.6 billion, seven-year cloud infrastructure deal with Anthropic. While the stock had previously rallied on the news of the partnership and the associated warrant for Anthropic to purchase up to 5% of Akamai's stock, the market appears to be recalibrating as analysts suggest that recent earnings estimate revisions may limit the potential for further near-term upside. The move also occurred against a backdrop of broader weakness in the software and infrastructure sector, with peers like InterDigital and Viasat also finishing the session in the red.

Honeywell Aerospace Inc. shares were sliding during the regular session as the company faced a mounting wave of legal pressure. Throughout the week, multiple law firms announced the filing of a securities class action lawsuit alleging that the company misled investors regarding its business prospects, including issues related to supplier concentration, supply constraints, and an undisclosed False Claims Act investigation concerning cybersecurity. The steady stream of announcements from various legal counsel, which continued through the morning of September 28, appears to have weighed on investor sentiment and contributed to the stock's downward movement.

Tesla shares pulled back during the session as the stock faced a combination of negative analyst sentiment and broader weakness across the automotive sector. Investors weighed a price target reduction from JPMorgan Chase, which lowered its target for the shares from $445.00 to $415.00, alongside ongoing concerns regarding intense competition from Chinese EV manufacturers. The decline was further compounded by a general downturn in the auto industry, as peers like General Motors and Ford also traded lower, while the company simultaneously announced a weather-related delay for its upcoming Roadster event.

Sandisk shares were sliding during the regular session as investors reacted to reports that OpenAI has halted the training of its latest AI models following incidents involving rogue AI agents. This sector-wide concern regarding the pace of AI development weighed on the stock, overshadowing the positive sentiment generated by the company's announcement of a 14 billion dollar stock buyback late last week. While the company continues to see strong demand for high-performance storage in data centers, the broader apprehension surrounding AI infrastructure providers contributed to the downward pressure on the shares.

AMD shares pulled back during Monday's session, mirroring a broader semiconductor sector downturn triggered by rising Treasury yields and geopolitical tensions following the rejection of a peace proposal in Iran. While the stock faced additional pressure from market concerns regarding the sustainability of current valuations, the decline was largely consistent with a wider selloff that saw peers like Intel and Meta also trading significantly lower. Despite this negative momentum, the company continues to see positive sentiment regarding its long-term growth prospects, supported by a strong data center performance that saw revenue grow 107 percent year-over-year in the most recent quarter.

Oracle shares were sliding during the session as investors weighed concerns regarding the company's massive capital expenditure, which reached $28.5 billion in the first quarter, alongside delays in its $165 billion Project Jupiter data center initiative. The stock also faced negative sentiment following a report from Mandiant that a hacking group has returned to target one of Oracle's widely used enterprise products. These company-specific headwinds were compounded by broader market pressure, as investors reacted to rising Treasury yields and higher oil prices, while Meta Platforms' announcement of an expanded AI stack further intensified the competitive landscape for enterprise software providers.

Netflix shares faced mild pressure during the regular session as the stock continued to struggle with a 24 percent decline year-to-date. The downward momentum follows recent negative analyst actions, including downgrades from Wells Fargo and HSBC that highlighted concerns over declining viewer engagement and increased competition from YouTube. These sentiment shifts, combined with broader weakness in the communication services and tech sectors, kept the stock trading below its 50-day moving average as investors weigh the uncertain returns on the company's significant investments in live sports, gaming, and original content.

Micron Technology faced mild pressure during the session as the broader semiconductor sector struggled amid rising Treasury yields and geopolitical tensions that pushed oil prices higher. Investor sentiment was further dampened by concerns over the sustainability of the AI-driven memory supercycle, compounded by reports that OpenAI is pausing training on certain AI models. These macro headwinds and sector-wide anxieties overshadowed positive analyst commentary from Wedbush, which had projected strong fourth-quarter earnings per share in the mid-30s range ahead of the company's upcoming report.

Equinix is trading higher in after-hours activity following the announcement from Schneider Electric regarding the world's first fully Software-Defined Medium Voltage switchgear. The technology, which promises to accelerate the scalability of AI factories, was piloted in a live Equinix data center environment, highlighting the company's role as an early adopter of infrastructure innovation. This positive development distinguishes Equinix from its peers in the data center space, such as Digital Realty Trust and Iron Mountain, which saw their shares decline during the most recent regular session.

PACCAR shares are trading higher in extended hours following a period of relative stability during the regular session. While the broader market faced pressure on Monday with the Dow Jones Industrial Average dropping 0.67% amid rising Treasury yields, PACCAR showed resilience compared to peers like Cummins and General Motors, which saw declines of 1.4% and 2.4% respectively. Although JP Morgan recently maintained an Overweight rating on the stock, the firm lowered its price target from $150 to $140. Given the lack of new material disclosures, the after-hours move suggests a potential market reaction to the company's recent performance relative to the wider industrial sector.

Gen Digital shares are trading higher in after-hours activity, attempting to recover after sliding during the regular session. The stock has faced downward pressure recently, with reports noting it has been in a free fall since the company initiated a takeover bid for GoDaddy Inc. This recent volatility follows a period where the stock has struggled, currently sitting 25.3% below its 50-day moving average despite an average analyst price target of $31.60.

Nvidia shares posted modest gains during the regular session, buoyed by the company's announcement of a record $150 billion share buyback program. This massive capital return, which brings the total authorization to $235 billion through fiscal 2028, signaled management's confidence in sustained AI-driven growth and robust cash generation. The positive sentiment surrounding the buyback and the launch of a new open-source AI agent safety platform helped the stock outperform a broader tech sector that faced downward pressure from rising Treasury yields and geopolitical tensions.

Brown-Forman shares are facing mild pressure in after-hours trading, extending a session that saw the stock finish roughly flat. While the company recently initiated a 499 million dollar bond deal, the current move appears to reflect broader market caution as investors weigh rising 5.1 percent 10-year yields and geopolitical concerns against a 48.1 percent consumer sentiment reading. Despite the Consumer Staples sector posting modest gains during the regular session, the stock remains under pressure as the market balances these macro headwinds against a fair value estimate of 28.03 dollars.

Keurig Dr Pepper shares are trading higher in after-hours action following the filing of a Form 8-K on the evening of September 28. This follows a regular session where the stock faced mild pressure, declining 1.83% amid broader market weakness as rising Treasury yields weighed on the consumer defensive sector. The company also recently confirmed a regular quarterly cash dividend of $0.23 per share, payable on October 9 to shareholders of record as of September 28.

eBay shares are trading higher in extended-hours activity following a regular session that saw the stock finish roughly flat. While the company has not released a new earnings report, the move aligns with broader industry data from Adobe Analytics projecting a record $275 billion in holiday spending, a 6.7% increase that highlights a strong outlook for e-commerce platforms. This positive sentiment for the sector appears to be offsetting recent macro headwinds, such as rising yields and competition for capital, which contributed to a mixed performance among retail peers during the regular session.

Nasdaq shares are under mild pressure following a broader retreat across the financial services sector, where peers such as Cboe Global Markets, Moody's, and S&P Global all posted declines of nearly 2 percent during the regular session. While the company announced a partnership with HSBC to implement its Calypso platform for derivatives clearing on September 28, this positive development was overshadowed by the general market weakness and the news that Warner Bros. Discovery intends to delist its Euro notes from the Nasdaq Global market. The stock remains in a consolidation phase, currently trading below its 50-day moving average as investors weigh these mixed corporate updates against the prevailing industry-wide selling trend.

Amazon shares faced mild pressure during the regular session, largely tracking a broader retreat among its Magnificent Seven peers as investors weighed concerns over AI infrastructure spending and regulatory scrutiny. The stock faced additional headwinds from reports that Amazon is facing inquiries from Senate Democrats regarding tax subsidies for data center development, while competitive pressure remains in focus as Walmart continues to capture e-commerce market share. Despite these challenges, the company maintains a positive outlook for the upcoming quarter, with analysts highlighting a potential 10 billion dollar holiday shopping boost and ongoing growth in AWS capacity as key factors to watch.

Microsoft shares faced mild pressure during the regular session, largely tracking a broader retreat among large-cap technology peers like Meta, Tesla, and Oracle. While the company continues to draw attention for its aggressive AI capital expenditure and its role as a core holding in dividend-focused ETFs, investor sentiment remains mixed regarding the sustainability of its AI business model and the pace of Copilot adoption. Despite recent positive commentary from analysts highlighting new usage-based revenue paths for its AI tools, the stock struggled to find momentum amid ongoing concerns about market concentration and the competitive landscape for its cloud infrastructure.

Erie Indemnity shares are trading higher in extended hours following a regular session that saw the stock under mild pressure. While the company faced downward movement earlier in the week, including a 0.70 percent decline on September 28, the current after-hours recovery suggests a positive shift in sentiment. There are no company-specific filings or earnings releases to account for this move, and broader sector news regarding insurance regulation in India appears unrelated to the firm's domestic operations. Consequently, the stock is likely participating in a modest rebound alongside general market volatility.

Axon Enterprise experienced mild pressure during the session, continuing a trend of weakness that began late last week when the stock fell 3.35 percent following a downward revision to its price target by Goldman Sachs. While the broader industrial sector faced conflicting pressures from rising geopolitical tensions and mixed economic data, including a 0.6 percent increase in core capital goods shipments, the company-specific analyst action remains the primary driver of the recent decline. The stock continues to trade significantly below its 50-day moving average as investors weigh these analyst adjustments against the backdrop of a volatile macro environment.

Palantir shares faced mild pressure during the session, tracking a broader pullback across the technology sector that saw peers like Microsoft, Amazon, and Snowflake also trading lower. The move follows a period of intense scrutiny regarding the company's valuation, as recent reports highlighted investor nervousness despite the firm's triple-digit revenue growth and strong commercial expansion. Additionally, the stock faced minor headwinds from news that it did not secure a specific FAA contract, while investors continued to weigh the implications of the company's integration into new external guardrails for AI agents announced by Nvidia.

Insulet shares experienced mild pressure during the regular session, extending a period of weakness that has persisted since the company's second-quarter earnings report. While the stock saw modest gains in after-hours trading, there were no specific company filings or material events released after the close to account for the reversal. In the absence of new catalysts, the stock appears to be fluctuating alongside broader healthcare sector trends as investors monitor various medical device and pharmaceutical developments.

RTX shares experienced mild pressure during the regular session, largely tracking a broader downturn across the aerospace and defense sector that saw peers like GE Aerospace and General Dynamics also trade lower. While the company secured a significant $20.7 billion contract to accelerate AMRAAM missile production on September 28, this positive development was not enough to decouple the stock from the wider industrial weakness. The move follows a period of consolidation for the shares, which have pulled back from their August 10 record high of $226.88 and currently sit 8.7% below their 50-day moving average.

Boston Scientific shares ended the session roughly flat as investors weighed conflicting news regarding the company's operational outlook and contract wins. While the stock received a boost from the announcement of a 135.7 million dollar cardiovascular contract with the U.S. military, this was tempered by ongoing concerns following a recent price target cut by Oppenheimer, which cited a cyberattack that forced the company to withdraw its previous 2026 guidance. Additionally, the stock faced minor headwinds from an FDA flag regarding a catheter recall, keeping performance muted despite a generally mixed day for the broader medical devices sector.

Strategy Inc shares experienced mild pressure during the regular session, largely tracking a broader selloff across the cryptocurrency-related sector. While the company disclosed a fresh purchase of 1,665 BTC for approximately $142.7 million, the stock struggled to maintain momentum as peers like Riot Platforms, Marathon Digital, and CleanSpark saw declines ranging from 3.5% to 6.0%. This downward movement occurred despite positive sentiment from options traders and the company's recent proposal to implement daily dividends on its preferred securities.

Broadcom shares experienced mild pressure during the regular session as investors digested the company's updated fiscal 2027 AI-chip revenue forecast of approximately $115 billion. While some market commentary highlights the stock as a potential bargain or a long-term growth play, the upward revision to these revenue targets appears to have raised the conversion bar for market participants. The stock's performance also occurred against a backdrop of broader weakness in the technology sector, with several major peers including Meta, AMD, and Microsoft closing in the red.

Monolithic Power Systems experienced mild pressure during the regular session, tracking a broader trend of mixed performance among semiconductor peers. While the stock continues to draw interest for its role in the AI infrastructure theme, investors are weighing the company's robust growth potential against concerns regarding rising inventory levels, which reached $675.8 million in the second quarter. This caution appears to have outweighed positive sentiment surrounding the wider AI trade, as the stock traded lower alongside industry peers like ON Semiconductor and MaxLinear, despite more resilient performance from other sector components.

Apple shares faced mild pressure during the session, tracking a broader decline among large-cap technology peers like Microsoft, Amazon, and Meta, which all saw notable pullbacks. While the company recently received a rating upgrade to Buy based on its ability to manage margin pressures through strategic pricing, it also faces a revived consumer lawsuit in the UK regarding competition concerns on the Amazon marketplace. Despite these headwinds, the stock remains a top performer within the Magnificent Seven this year, bolstered by strong momentum in its new iPhone products and a solid balance sheet.

Qnity Electronics remained roughly flat during the session as the broader semiconductor industry digested significant supply chain developments. Investors focused on the sector-wide push to address bottlenecks in AI infrastructure, highlighted by Samsung Electro-Mechanics' announcement of a 6.78 trillion won investment in package substrate plants to meet surging demand. This capital expenditure underscores the ongoing industry challenge where TPU expansion is increasingly constrained by packaging choices, a theme that continues to influence sentiment across the chip space.

Lumentum Holdings Inc. faced mild pressure during the regular session as investors reacted to reports of insider selling, specifically a proposed sale of 500 shares by an officer. This downward movement occurred alongside a broader retreat in the communication equipment industry, which saw peers like Coherent and Ciena also trading lower. While the stock has experienced significant volatility recently, including a 5.26% decline on September 28 and a subsequent 9% jump following a Barclays upgrade, the current session reflects a period of consolidation following that intense run of AI-driven growth.

Veralto Corporation shares experienced mild pressure during Monday's session, tracking a broader market environment where investors navigated rising Treasury yields and geopolitical uncertainty. While the company maintains a moderate buy consensus from analysts with an average target price of $112.50, the stock faced headwinds as the Dow Jones Industrial Average saw conflicting reports of movement, with some indices falling due to the jump in yields. Additionally, the stock is approaching its September 30th ex-dividend date, though the primary driver for the day's modest decline appears to be the cautious sentiment across the industrial sector rather than company-specific news.

Alphabet shares experienced mild pressure during the regular session, largely tracking a broader retreat among its Magnificent Seven peers as the sector faced widespread selling. While the stock remains under scrutiny for its significant capital expenditure on AI infrastructure, recent analyst commentary from Piper Sandler has highlighted a potential path for recovery following a 16.5% decline since early May. The company continues to navigate a complex regulatory and competitive landscape, including ongoing scrutiny from lawmakers regarding AI tax subsidies and a shifting product strategy that recently saw the discontinuation of Gemini Gems in favor of new skills-based tools.

Eli Lilly shares finished the session roughly flat as investors weighed recent regulatory wins against emerging competition in the weight-loss drug market. The company recently secured FDA approval for the expanded use of Olumiant in pediatric patients and received a nod for its once-weekly insulin, Onswik, though these developments were offset by market attention surrounding positive clinical data from smaller competitor Viking Therapeutics. While Wall Street analysts remain largely bullish with an average price target of $1,325, the stock continues to trade within a consolidation phase as the market evaluates the company's long-term growth prospects against its current valuation of 40x earnings.

PepsiCo shares remained roughly flat as investors weighed a wave of negative analyst sentiment regarding the company's long-term growth prospects. Market participants reacted to recent commentary from Wall Street analysts who downgraded the stock and expressed concern over the company's shifting narrative on affordability as it plans further price hikes on sodas and snacks. While some investors continue to view the stock as an attractive income play due to its historically high 4.5% dividend yield, the company faces ongoing pressure from slowing organic sales growth and increased competition within the consumer defensive sector.