Closing Bell Movers: Centene down 24% after pulling 2025 guidance

In the opening hour of the evening session, U.S. equity futures are trading little changed, with S&P 500 around 6,250, Dow Industrials above 44,800, and Nasdaq 100 at 22,700.  WTI crude oil is also flat around $65.50 despite a slight build in API crude oil inventories data following two consecutive weeks of large draws, while precious metals are holding on to earlier gains – Gold is around $3,350 and Silver is still above $36 per ounce.   Investors will get a first hint of this week’s June employment data with the release of ADP private payrolls report which had printed a multi-year low last month.

Major indices traded mixed during regular hours on Tuesday, with S&P500 down marginally on losses in the Tech and Communication Services sectors, even though the other 9 sectors of the index were higher.  Dow Industrials rose thanks to strength in the heavily weighted Healthcare components, while Nasdaq Composite fell nearly 1%.  Faltering AI trade dragged down the tech-heavy index as  the Senate voted to strike a provision in the budget bill that would have blocked states from regulating AI – Nvidia (NVDA) was down %, Palantir (PLTR) was down %, Broadcom (AVGO) was down %, and Meta (META) was off by 2.6%.

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

HIGHER AFTER EARNINGS –

• The Greenbrier Companies. (GBX) up 11.3%

ALSO HIGHER –

• Apple (AAPL) up 0.7% after upgrade to Hold at Jefferies
• JPMorgan Chase  (JPM) up 0.5% after dividend hike, $50B buyback following Dodd-Frank stress test results
• Morgan Stanley (MS) up 0.3% after dividend hike following Dodd-Frank stress test results

DOWN AFTER EARNINGS –

• Constellation Brands (STZ) down 0.4%

ALSO LOWER –

• Centene (CNC) down 24.5%  after withdrawing guidance in response to Marketplace membership data from Wakely, finding overall market growth in the 22 states is lower than expected; Humana (HUM) down 1.6%, Cigna (CI) down 1.6%, Oscar Health (OSCR) down 11.8%, Molina Healthcare (MOH) down 10.2% in sympathy
• BrightView Holdings (BV) down 8.7% after cutting FY25 guidance