Let's delve into the developments on the US markets one hour before the close of the markets on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of freight carrier Old Dominion (NASDAQ:ODFL)
fell 8.7% in the afternoon session after the company reported second-quarter earnings and revenue that missed Wall Street expectations.
Seeking insights into today's market movers? Discover the S&P500 gap up and gap down stocks in today's session on Wednesday. Stay informed about the latest market trends.
Freight carrier Old Dominion (NASDAQ:ODFL) missed Wall Street’s revenue expectations in Q2 CY2025, with sales falling 6.1% year on year to $1.41 billion. Its GAAP profit of $1.27 per share was 1.1% below analysts’ consensus estimates.
The US market is yet to commence its session on Wednesday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Let's have a look at what is happening on the US markets before the opening bell on Friday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the ground transportation industry, including Old Dominion Freight Line (NASDAQ:ODFL) and its peers.
Large-cap stocks usually command their industries because they have the scale to drive market trends.
The flip side though is that their sheer size can limit growth as expanding further becomes an increasingly challenging task.
The Nasdaq 100 (^NDX) is home to some of the biggest success stories in tech and growth investing.
However, certain stocks in the index face challenges like profitability concerns, rising costs, or shifts in market trends.
While profitability is essential, it doesn’t guarantee long-term success.
Some companies that rest on their margins will lose ground as competition intensifies - as Jeff Bezos said, "Your margin is my opportunity".
Whether you see them or not, industrials businesses play a crucial part in our daily activities. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 10.4% over the past six months. This performance was worse than the S&P 500’s 1.9% loss.
