Closing Bell Movers: Archer Daniels slips 6% on Trump’s Coke comment

In the opening hour of the evening session, U.S. equity futures are all down a marginal 0.1%, with S&P 500 just below 6,300, Nasdaq 100 just above 23,000, and Dow Industrials just shy of 44,400.  In commodities, WTI Crude Oil briefly broke below the $66 level but bounced higher in latter part of the session, while Gold and Silver recovered some ground after two consecutive declining sessions.

Healthcare was the best performing sector on the S&P 500 on Wednesday, helped by stronger than expected results from Johnson & Johnson (JNJ) – that stock was one of just two names in the index to end the day up by more than 6%.  Real Estate also performed well as rates came down despite the increase in tension between the White House and the Fed – Trump was reported ready to follow through on firing Fed Chair Powell before backing away on suggestion by Treasury Secy. Bessent.  

Among key earnings, United Airlines did not have the same fortune as Delta’s performance last quarter as the airline missed on both the top and bottom lines while cutting guidance.  Also of note, Alcoa was up slightly despite a Q2 earnings miss.

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

HIGHER AFTER EARNINGS –

• Monarch Casino & Resort (MCRI) up 15.6%
• AAR Corp. (AIR) up 3.8%
• Synovus Financial (SNV) up 1.7%
• SL Green Realty (SLG) up 1.2%
• Alcoa (AA) up 0.7%
• Kinder Morgan (KMI) up 0.2% 

ALSO HIGHER –

• Sarepta Therapeutics (SRPT) up 35.0% after announcing strategic restructuring and job cuts

DOWN AFTER EARNINGS –

• Triumph Financial (TFIN) down 5.5%
• First Industrial Realty Trust (FR) down 2.7%
• United Airlines (UAL) down 1.5%

ALSO LOWER –

• BRC Inc. (BRCC) down 6.6%
• Archer-Daniels-Midland (ADM) down 5.8% after Trump says Coke (KO) to use real sugar
• Starwood Property Trust (STWD) down 3.3% after equity offering