Meta Brings the Heat, AMD Restarts Semi Furnace | Wall St Today

The market generally pulled back on Tuesday but advanced Wednesday morning.  Just past 11:30 am ET the $S&P 500 Index (.SPX.US)$ climed 1.91%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.93%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed a whopping 2.8%.

Investors can watch for PMI data on Thursday and Nonfarm monthly payroll employment data on Friday. Investors will alkso await two more Mag 7 earnings reports:   $Apple (AAPL.US)$ and   $Amazon (AMZN.US)$ on Thursday, alongside a host of other $100B+ market cap giants.

In commodities, $Crude Oil Futures(OCT4) (CLmain.US)$ jumped 5% after duel strikes against Israeli enemies in Iran, and Beirut fanned flames of tension in the Middle East. $Bitcoin (BTC.CC)$ rose to $66k, Gold and silver both climbed, while the U.S. 2-year fell and the U.S. 10-year fell.

$Advanced Micro Devices (AMD.US)$ was climbing 4% Wednesday after the chip company gave a third-quarter outlook that was better than expected and reported second-quarter earnings and revenue that beat estimates. On the news, the semiconductor industry started to pop off again. $NVIDIA (NVDA.US)$ climbed 12%, set to release earnings Aug 28th.   $ASML Holding (ASML.US)$, a semiconductor supplier, climbed 7%.   $Micron Technology (MU.US)$ climbed 7%,   $Arm Holdings (ARM.US)$ climbed 5%.   $Taiwan Semiconductor (TSM.US)$ climbed 6%.

$Meta Platforms (META.US)$ reported adjusted earnings of $5.16/share on revenue of $39.07B vs. estimates of $4.72/share on revenue of  $38.34B, according to Bloomberg.

$Arm Holdings (ARM.US)$ shares slumped 9.7% in after-hours trading after the company's second-quarter financial outlook missed analysts' estimates. The company sees Q2 revenue reaching $780 million to $830 million. The midpoint of that outlook is below the $806.2 million average of analyst estimates compiled by Bloomberg.

$Qualcomm (QCOM.US)$ reported adjusted earnings of $$$$/share on revenue of $$$$ vs. estimates of $4.75/share on revenue of  $38.34B.

$Microsoft (MSFT.US)$ meanwhile missed its report just barely and fell by 1%, after its revenue from data centers and the cloud, especially, was not enough.

Wednesday,   $Humana (HUM.US)$ posted second-quarter adjusted EPS of $6.96, down from $8.94 a year ago, beating the consensus of $5.85.

Shares of   $Vistra Energy (VST.US)$ jumped Wednesday after its request to extend its operation of the Comanche Peak nuclear power plant through 2053 was granted. It climbed 12%, the highest on the S&P 500 followed by   $Match group (MTCH.US)$, which was also up 12% after its earnings turn around Tuesday.

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