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What’s likely to move the market in the next trading session
Published
8 months agoon
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Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Wednesday and what’s on the radar for Thursday’s session. Stocks back on track Following Tuesday’s dip, the S & P 500 and Nasdaq scored new closing highs . AMD has surged 43% over the past three days, on pace for its best weekly performance since 2016, per CNBC’s Nick Wells. Among the “Magnificant Seven,” Nvidia posted a fresh closing high as Amazon posted its best day in a month. Meanwhile, Fair Isaac was the biggest laggard in the S & P 500, notching its worst day since late May. According to the Fed minutes , divided central bank officials split on whether there should be two or three interest rate cuts by the end of the year, including the September quarter-point reduction. Stuck on the runway Delta is scheduled to report its earnings Thursday morning. In July, Delta reinstated its 2025 profit outlook and forecast a stronger summer travel season than Wall Street expected. However, the stock has fallen more than 5% this year, putting it on track to snap two straight years of double-digit gains. Among the major carriers, only shares of United Airlines are trading in the green in 2025. Its stock is up 1% year to date. Don’t miss CNBC’s exclusive interview with Delta CEO Ed Bastian on “Squawk Box ” tomorrow at 7 a.m. ET. Looking to pop PepsiCo is also reporting its quarterly results before the opening bell tomorrow. Last quarter, the company projected that weak North American demand will rebound as strategy changes take hold. PepsiCo shares have lost their fizz — falling 8.7% this year. CEO Ramon Laguarta will be on CNBC tomorrow at 10 a.m. ET. PEP YTD mountain PepsiCo shares year to date Blue jeans, green gains If that wasn’t enough earnings action, Levi Strauss is posting its quarterly results after the bell. It’s early, but the stock is on track for its seventh straight positive month — its longest monthly winning streak on record. Levi Strauss has climbed more than 42% in 2025 — pacing for its best yearly performance ever. Macao’s hot hand CNBC’s Contessa Brewer will be reporting live from Macao, where the city is cashing in on a global travel rebound. Las Vegas Sands , Wynn Resorts and MGM Resorts all operate properties there. Wynn is up more than 40% in 2025 — on track for its best yearly performance since 2017. WYNN YTD mountain Wynn shares year to date.
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