Micron Technology's shares fell over 10%, marking its worst day since June 5, as part of a broader tech selloff that also affected Marvell Technology and Sandisk, which dropped 8% and 11%, respectively. In contrast, Accenture's stock rose nearly 2% after announcing a $2 billion increase in its share repurchase program, bringing the total to over $7 billion.
IBM experienced a 4% increase following an upgrade to overweight by JPMorgan, which highlighted the company's strong software performance driving recurring revenue and profitability. Zeta Global's shares rose 7% after announcing a partnership with Palantir, while Cerebras Systems saw a slight decline ahead of its first quarterly results as a public company.
Carnival's stock fell 6% due to weaker-than-expected third-quarter guidance, projecting adjusted earnings of $1.35 per share, below the consensus estimate of $1.42. Exxon Mobil gained around 1% after a Supreme Court ruling allowed a lawsuit regarding property seized in Cuba.
SpaceX shares rose nearly 6% after a previous decline, while AMC Entertainment's stock plummeted 25% following a share sale agreement that raised approximately $200 million. Primoris Services dropped 22% after lowering guidance due to cost overruns and the departure of its COO.
Edgewell Personal Care's shares surged over 14% after rejecting a $30 per share takeover offer, deemed too low by its board. Avis Budget Group gained 3% after announcing a $650 million cash settlement with Pentwater Capital