Closing Bell Movers: CoreWeave down 10% despite revenue beat, guidance raise

In the opening hour of the evening session, U.S. equity futures are little changed, with lacking follow through from S&P 500 and Nasdaq Composite hitting record highs in regular trading. In commodities, WTI Crude Oil is slipping again toward $63 per barrel mark, while Metals are little changed, with Gold around $3,400 and Silver near $38 per ounce levels.

Benign inflation data goosed market sentiment on Tuesday, with in-line CPI report containing little evidence of tariff-infused goods inflation demanding that the Fed prioritizes the full employment side of its mandate at the next FOMC decision. CME Fed Watch tool bolstered the odds of a September cut to over 90% on the release while the odds of a 3-cut 2025 scenario were back at an even 50%. Speaking after market close, Treasury Secretary Bessent opined that the CPI report bolsters the case for a 50bp cut next month, also arguing that if Fed had “accurate” jobs data, they would have been cutting in June and July. Rate-sensitive sectors were among the best performers on the S&P 500, Home Builders and Regional Banking names seeing especially strong gains.

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

HIGHER AFTER EARNINGS –

• WEBTOON Entertainment (WBTN) up 40.2% after earnings, Disney partnership
• Caris Life Sciences, Inc. (CAI) up 4.1%
• Intapp (INTA) up 22.8%
• Lumentum (LITE) up 1.1%

DOWN AFTER EARNINGS –

• Cava Group (CAVA) down 21.6%
• Luminar Technologies (LAZR) down 19.0%
• Hyliion Holdings (HYLN) down 11.2%
• CoreWeave (CRWV) down 10.1%

ALSO LOWER –

• Circle Internet Group (CRCL) down 5.9% after equity offering