Novartis shares rose 4% after the company reported second-quarter core earnings of $2.41 per share, surpassing the consensus estimate of $2.15, along with revenue of $14.41 billion, which exceeded the forecast of $13.95 billion.
General Motors also saw a positive response, with shares gaining over 1% after posting adjusted earnings of $3.57 per share on revenue of $48.03 billion, both figures beating analyst expectations.
Conversely, Domino's Pizza experienced a 1% decline in its stock price after reporting second-quarter earnings of $4.07 per share, which fell short of the expected $4.17, despite slightly exceeding revenue expectations with $1.19 billion against a forecast of $1.18 billion.
Nebius Group's stock surged 6% following Nvidia's announcement of a 9.3% stake in the AI cloud company, highlighting its growing significance in the AI compute sector. Additionally, 3M's stock jumped over 5% after it reported second-quarter earnings and revenue that exceeded expectations and raised its full-year guidance, reflecting strong performance in its diverse product lines