Closing Bell Movers: Amazon gains on expanded Anthropic investment

Tensions in the Strait of Hormuz are percolating again as Iranian officials have walked back its messaging of a deal being reached and President Trump upped his bellicose rhetoric, stating that it is unlikely that Wednesday’s deadline for ceasefire will be extended.  Oil prices jumped on the news toward $90 per barrel and Energy was the best performing sector in the S&P 500, though the impact on broader sentiment was relatively mild, with U.S. indices finishing lower by less than 0.3%.  Communication Services was the worst performing area of the market as Netflix (NFLX) remained weak after last week’s post-earnings selloff and Meta (META) also turning in the worst performance among the MAG-7.

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In the opening hour of the evening session, index futures are more upbeat – S&P e-minis are up a decimal and Nasdaq 100 contract is up 0.2%.  Of note afterhours, Amazon.com (AMZN) has continued its climb toward record highs after announcing an expanded investment in Anthropic.  Apple (AAPL) meanwhile is laying the groundwork for a leadership transition, announcing John Ternus will be the company’s next CEO while  Tim Cook transitions to a role of Executive Chairman effective September 1.

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

• RBB Bancorp (RBB) up 4.2%
• CNB Financial (CCNE) up 2.0%
• Flexsteel Industries (FLXS) up 1.6%
• Steel Dynamics (STLD) up 0.5%
• NETSTREIT (NTST) up 0.5%

ALSO HIGHER –

• Amazon.com (AMZN) up 2.6% after announcing expanded investment in Anthropic

DOWN AFTER EARNINGS –

• Washington Trust Bancorp (WASH) down 7.1%
• Alaska Air Group (ALK) down 5.4%
• Zions Bancorporation (ZION) down 3.0%
• AMCON Distributing (DIT) down 1.8%

ALSO LOWER –

• Spruce Biosciences (SPRB) down 14.2% after equity offering
• AXT, Inc. (AXTI) down 11.9% after Q1 pre-announcement, equity offering
• Apple (AAPL) down 0.5% after announcing succession plan for CEO Cook