AP News & Events

Investors bought the early-session dip in the Tech space on Wednesday, helping the sector join Energy as the only two areas of the market to register gains.  Consequently, Nasdaq Composite finished the day up 0.2% and S&P 500 was well off the intra-day lows to end the session down just 0.3%, rising above 7,480 into the close after dipping as low as 7,420 earlier.  Semiconductors, memory, and servers were especially strong within the broader AI bounce-back theme, while Software stocks softened after Tuesday's rally.  Large-cap Growth performance also exceeded that of SMID and Value.Markets remain on edge however, with volatility in the Tech arena compounded by the ongoing geopolitical concerns.  Headlines questioning whether the overall state of U.S.-Iran ceasefire can be preserved after the two sides exchanged attacks over the past 48 hours have propped up Energy prices.  In the evening session, WTI Crude Oil is now above $74 per barrel.  S&P e-minis and Nasdaq 100 index futures are down by about a decimal.  Precious metals also remain under pressure, with higher oil price narrative and its inflationary implications supporting the US Dollar vis-a-vis an up-creep in yields and assumptions of tighter-for-longer Fed policy.  This was further reinforced in today's FOMC minutes from last month's meeting tilting decidedly more hawkish.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -AZZ Inc.up 8.3%ALSO HIGHER -Ampco-Pittsburghup 13.7% after announcing increase in customer order activityLarimar Therapeuticsup 3.3% after insider buyAeroVironmentup 1.2% after providing medium-term targetsDOWN AFTER EARNINGS -Levi Straussdown 6.0%PriceSmartdown 2.7%ALSO LOWER -MDA Space Ltd.down 6.9% after equity offeringCostco Wholesaledown 1.2% after June comps data

Ampco-Pittsburgh "announced that customer order activity during the first six months of 2026 totaled approximately $268 million, an increase of 32% compared to approximately $204 million for the same period in 2025. The increase in customer order activity reflected strength across both of the Company's operating segments. During the first six months of 2026, Forged and Cast Engineered Products experienced customer order activity of approximately $153 million, up 25% compared to the prior-year period, while Air and Liquid Processing experienced customer order activity of approximately $116 million, up 42% year over year. Within FCEP, the Company continues to see improving order activity for roll products, particularly in North America, while demand for its specialty forged engineered products remains solid. The recent quota and tariff protections in Europe will positively impact production of steel in one of our largest markets."

Reports that the easing chokehold on a critical global energy supply that is the Straight of Hormuz helped sentiment recover on Monday as WTI Crude Oil prices fell over $7 below $93 per barrel and major indices bounced for the first time in five trading sessions.   Some of the higher-beta areas of the market outperformed and even Energy names traded firmer, while the more defensively oriented consumer staples underperformed.  Tech Hardware and Semis were especially strong, with names like Sandiskup 6.4% and Micronup 3.7% approaching 2026 highs.In the opening hour of the evening session, sentiment is less exuberant - both S&P 500 and Nasdaq 100 futures are down by over a decimal.   WTI has also come off its Monday lows to trade above $94.50, while precious metals are seeing little volatility as USD rally appears to have stalled.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Babcock & Wilcox Enterprisesup 8.5%ALSO HIGHER -New Era Energy & Digitalup 8.9% after naming new CFODOWN AFTER EARNINGS -Bakktdown 6.6%Ampco-Pittsburghdown 6.0%ALSO LOWER -LENSARdown 24.2% after terminating Alcon mergerRhythm Pharmaceuticalsdown 5.0% after announcing EMANATE trial substudies did not meet primary endpoints