Estee Lauder's shares surged nearly 10% after the company and Puig ended merger talks, which may have alleviated investor concerns about potential disruptions. Workday's stock rose over 8% following stronger-than-expected quarterly results and an improved margin outlook, coinciding with the return of co-founder Aneel Bhusri as CEO.
Merck's shares increased by almost 3.5% after a phase 3 study showed its lung cancer treatment significantly reduced tumor progression risk by 65%. Zoom Communications experienced a 7% jump in shares after reporting better-than-expected earnings and revenue, along with a $1 billion increase in its stock repurchase authorization.
IMAX shares soared 14% amid reports of the company exploring a sale, indicating potential strategic shifts. Ross Stores also saw a 4.5% rise after a strong earnings report and raised sales forecasts.
Conversely, Futu's U.S.-listed shares plummeted 36% following China's crackdown on illegal cross-border securities trading, impacting other Chinese firms like PDD Holdings and Alibaba, which fell 6% and 4.5%, respectively. Deckers Outdoor's shares fell 2% despite beating earnings estimates, while BJ's Wholesale Club rose 2% after reporting better-than-expected earnings and reaffirming guidance.
Perpetua Resources shares jumped over 10% after securing a $2.9 billion loan for its Stibnite Gold project, which is significant for U.S. supply chains. Advanced Micro Devices saw a modest increase of 1.5% as CEO Lisa Su projected sustained demand for CPUs over the next five years.
Arm's shares fell over 2.5% after a substantial rally, while Booz Allen Hamilton's stock rose more than 5% after reporting earnings above expectations despite slightly missing revenue targets. Generac's shares increased over 3% following an upgrade from Jefferies, which sees potential growth from data center developments