- GEA Group (G1A TH) +1.8%
- Porsche AG to Exit Germany’s DAX After Less Than Three Years
- Heidelberg Materials (HEI TH) +1.6%
- Heidelberg Materials Rated New Buy at Goldman; PT 240 euros
- Scout24 (G24 TH) +1.6%
- Porsche AG to Exit Germany’s DAX After Less Than Three Years
- STMicro (SGM TH) +1.3%
- Airbus (AIR TH) +1.3%
- MinRes safety complaint claims drivers asked to ‘falsify timesheet’
- Infineon (IFX TH) +1.2%
- Eni (ENI TH) +1.2%
- RWE (RWE TH) +1.1%
- Porsche SE (PAH3 TH) -0.8%
- Porsche AG to Exit Germany’s DAX After Less Than Three Years
- Getlink (TNU3 TH) -1%
- Ferrovial is Europe Infrastructure Pick at JPMorgan, Getlink Cut
- Hiscox (H2X3 TH) -1.2%
- Genmab (GE9 TH) -1.2%
- Fuchs (FPE3 TH) -1.3%
- Saab (SDV1 TH) -1.3%
- MTU Aero (MTX TH) -1.3%
- Nemetschek (NEM TH) -1.4%
DAX:
- Heidelberg Materials (HEI TH) +1.8%
- Heidelberg Materials Rated New Buy at Goldman; PT 240 euros
- Infineon (IFX TH) +1.4%
- MTU Aero (MTX TH) -1.3%
- Porsche (P911 TH) -1.3%
- Porsche AG to Exit Germany’s DAX After Less Than Three Years
MDAX:
- GEA Group (G1A TH) +2.2%
- Porsche AG to Exit Germany’s DAX After Less Than Three Years
- Scout24 (G24 TH) +1.8%
- Porsche AG to Exit Germany’s DAX After Less Than Three Years
- RENK Group (R3NK TH) +0.7%
- RENK Group Raised to Neutral at BNPP Exane; PT 68 euros
- Fuchs (FPE3 TH) -1.3%
- Nemetschek (NEM TH) -1.4%
- TeamViewer (TMV TH) -2.4%
- TeamViewer Holder TigerLuxOne Offers ~12.5m Shares: Terms
SDAX:
- SMA Solar (S92 TH) +2%
- SMA Solar Raised to Hold at Jefferies; PT 16 euros
- PNE AG (PNE3 TH) -1.2%
After Hours Summary: AEO +23.2%, ASAN +5.8%, CRDO +3.9% higher on earnings; FIG -13.8%, AI -10.4%, GTLB -6.9%, CRM -5.1% lower on earnings; NEON -61.8% on proceeds from patent lawsuit settlement
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: AEO +23.2%, ASAN +5.8%, CRDO +3.9%, BASE +0.6%
Companies trading higher in after hours in reaction to news: LFVN +7.1% (to acquire LoveBiome), NEXT +4.3% (LNG sale and purchase agreement between NEXT and EQT), COOP +2.5% (COOP shareholders approve merger with RKT), AVDL +2.1% (license agreement with XWPharma), NVAX +0.9% (issues statement on publicly available COVID-19 vaccine data), UPWK +0.6% (authorizes $100 mln increase in share repurchase program), GOOG +0.6% (Apple developing AI-powered web search tool, may use Google's Gemini for Siri AI, according to Bloomberg), MYGN +0.5% (announces publication of new meta-analysis of six studies), CRWV +0.3% (to acquire OpenPipe), AG +0.3% (exploration results at Los Gatos), RKT +0.2% (COOP shareholders approve merger with RKT), NDAQ +0.2% (reports August data), XPO +0.1% (reports August LTL metrics)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: FIG -13.8%, AI -10.4% (also names new CEO), GTLB -6.9% (also CFO to step down), YQ -6.3%, CRM -5.1%, CHPT -4.7%, PD -3.8%, DSGX -0.3%
Companies trading lower in after hours in reaction to news: NEON -61.8% (to receive $15-20 mln proceeds from patent lawsuit settlement), CUBI -6.1% (files mixed securities shelf offering; launches $150 mln stock offering), SHC -5.4% (20 mln share offering), DOLE -5.1% (stock offering by selling shareholders), DLO -4.1% (stock offering), SNOW -2.6% (names new CFO), JBTM -2.4% ($500 mln convertible notes offering), CTRI -2.1% (SWX to sell its entire stake in CTRI, comprised of 27.4 mln shares), FLR -1.1% (US Army contract), PSNL -1% (new data from lung cancer trial), SLI -0.3% (SLI and EQNR JV announces study results), AAPL -0.3% (Apple developing AI-powered web search tool, may use Google's Gemini for Siri AI, according to Bloomberg)
C3.ai misses by $0.16, misses on revs; guides Q2 revs below consensus
- Reports Q1 (Jul) loss of $0.37 per share, excluding non-recurring items, $0.16 worse than the FactSet Consensus of ($0.21); revenues fell 19.4% year/year to $70.26 mln vs the $93.84 mln FactSet Consensus.
- Co issues downside guidance for Q2, sees Q2 revs of $72.0-80.0 mln vs. $99.51 mln FactSet Consensus.
- During the quarter, C3 AI restructured its global sales and services organization with the addition of new sales leaders across all business units, including a new Chief Commercial Officer, General Manager of EMEA, new senior leadership in North America, the U.S. Federal business, the C3 AI Alliances program, and the new C3 AI Strategic Integrator Program that offers the opportunity for a new and expanding OEM line of business. In addition, sales and services have been combined, again under new leadership, to provide a more seamless, high-touch customer experience with a consistent focus on realizing significant economic benefit rapidly from each C3 AI customer engagement.
- Given the appointment of a new Chief Executive Officer and the recent restructuring of the sales and services organizations, the Company is withdrawing its previous full-year fiscal 2026 guidance. The Company will provide guidance for the third quarter of fiscal 2026 and full-year fiscal 2026 when it announces its financial results for the second quarter of fiscal 2026.
CarPlay is about to get the Messages feature I’ve been waiting for
It’s turning out to be a huge year for CarPlay, surprising many of us after years of middling updates. Among the host of new CarPlay features coming in iOS 26, there’s a key fix for what’s long been the most annoying Messages issue for me: the lack of tapbacks support.
CarPlay in iOS 26 adds support for Messages tapbacks
Ever since Apple unveiled the “next generation of CarPlay” in 2022, new updates for the standard CarPlay experience have been fairly underwhelming.
But things are starting to change, with CarPlay Ultra’s launch finally arriving and iOS 26 bringing a packed lineup of new CarPlay features.
One such feature is the kind of low-hanging fruit that serves as perfect evidence of CarPlay’s previous lack of attention from Apple.
Tapbacks are a core feature of the Messages app, and have been since they debuted almost a decade ago in iOS 10.
Yet until now, you could never send tapbacks over CarPlay.
This has proven especially annoying for me personally, as my typical Messages conversations almost always end with a tapback.
Using a thumbs up, heart, or laughing emoji has become extremely common for me. It’s a way to acknowledge the previous message but also intentionally not continue the conversation.
Now with iOS 26, tapbacks are finally supported in CarPlay’s Messages app.
The same simple convenience of tapbacks on the iPhone will be available inside the car too.
This isn’t the only Messages change: pinned conversations are now supported too.
These features join the variety of other iOS 26 upgrades coming to the Messages app on iPhone.
Here’s hoping Apple’s renewed CarPlay efforts are a sign that Apple won’t let similarly core app features, like tapbacks, go absent from the car for so long moving forward.
Are you excited for CarPlay to support tapbacks in Messages? Let us know in the comments.
losing Market Summary: Alphabet's gains enough for mixed finish despite broader market weakness
The stock market opened to substantial gains across its mega-cap components after a federal judge ruled that Alphabet (GOOG 231.10, +19.11, +9.01%) can retain its Chrome browser, though the broader market lagged behind, limiting index-level growth and keeping the major averages mixed.
The tech-heavy Nasdaq Composite (+1.0%) led the way, while the S&P 500 (+0.5%) secured a modest gain after slipping to its flatline, and the DJIA (-0.1%) spent the entirety of the session in negative territory.
Only three S&P 500 sectors finished (or spent any material amount of time) in positive territory, though the gains were concentrated enough in the market's largest names to carry the major averages.
Alphabet's rally pushed the communication services sector (+3.8%) to a record high level, while Apple (AAPL 238.47, +8.75, +3.81%) and the information technology sector (+0.5%) also benefited, as the ruling will allow Google to remain the default search engine on Apple's iPhone.
The consumer discretionary sector (+0.5%) benefitted from strong mega-cap leadership of its own, as Tesla (TSLA 334.09, +4.73, +1.44%) captured a nice gain.
The Vanguard Mega Cap Growth ETF finished the day with a 0.9% gain, and the market-weighted S&P 500 (+0.4%) decidedly outperformed the S&P 500 Equal Weighted Index (-0.4%), demonstrating the influence that the mega-cap cohort has over the broader market.
Outside of the mega-cap space, the consumer discretionary sector also benefited from relatively strong performances among retailer names. Though not a component of the sector, Macy's (M 16.28, +2.79, +20.68%) traded sharply higher after an impressive earnings beat today, though Dollar Tree (DLTR 102.03, -9.32, -8.37%) traded lower despite EPS and revenue beats of its own, with investors startled by flat Q3 guidance amid continued tariff volatility.
The SPDR S&P Retail ETF closed with a 0.5% gain for the day.
Seven other S&P 500 sectors closed lower, while some late-session buying activity saw the consumer staples sector finish flat. Though the majority of names sat out today's mega-cap-fueled rally, losses were relatively modest.
Only the energy sector (-2.3%) finished with a loss wider than 0.6%, with the sector facing pressure as crude oil settled today's session $1.60 lower, or -2.1%, to $64.00 per barrel. Reuters reported that OPEC+ may discuss an output increase at Sunday's meeting, which will include representatives from eight member nations.
Looking beyond the S&P 500, smaller cap names retreated, with the Russell 2000 finishing 0.2% lower and the S&P Mid Cap 400 finishing 0.4% lower.
Though Alphabet's antitrust ruling was the main catalyst behind today's actions, corporate headlines were relatively slim today. Monetary policy, however, received plenty of coverage as the market was inundated with headlines surrounding the FOMC.
Fed Governor Christopher Waller (FOMC voting member) told CNBC he supports a September rate cut, pointing to labor softness. Mr. Waller acknowledged the potential for a near-term inflation uptick but said he expects it to fall back to the 2.0% target within six to seven months.
A weaker-than-expected July JOLTS report added to evidence of a cooling labor market, strengthening expectations for policy easing.
St. Louis Fed President Alberto Musalem (FOMC voting member) also noted weakening labor conditions, though he cautioned that tariff-driven inflation could be more persistent than current forecasts suggest.
Atlanta Fed President Raphael Bostic (FOMC non-voting member) stated he could support a September cut if the job market deteriorates more than anticipated.
Beyond the policy debate, Fed independence was in the spotlight. Fed Governor Waller emphasized the central bank's independence when asked generally about governance, though he avoided direct comment on the mortgage fraud allegations facing Fed Governor Lisa Cook (FOMC voting member).
CNBC also reported that Senator Thom Tillis (R-NC) will not consider any replacement nominee for Cook until her case is resolved in court.
Rate expectations firmed further, with the CME FedWatch Tool now assigning a 95.6% probability to a 25-basis-point cut in September, up from 92.7% yesterday.
Ultimately, Tuesday's action underscored how heavily the market leans on its largest names for support. While Fed commentary and soft labor data strengthened conviction in a September rate cut, the broader market remains cautious, leaving mega-cap momentum as the primary driver of index-level gains.
U.S. Treasuries ended Wednesday with solid gains across the curve that wiped out the market's losses from the start of the week. The 2-year note yield settled down five basis points to 3.61%, and the 10-year note yield settled down seven basis points to 4.21%.
- Nasdaq Composite: +11.3% YTD
- S&P 500: +9.6% YTD
- DJIA: +6.4% YTD
- Russell 2000: +5.4% YTD
- S&P Mid Cap 400: +3.6% YTD
Reviewing today's data:
- Weekly MBA Mortgage Applications Index -1.2%; Prior -0.5%
- July Factory Orders -1.3% (consensus -1.4%); Prior -4.8%
- The key takeaway from the report is that the weakness in factory orders in July was concentrated in the transportation space, so the weakness was not as acute as the headline might suggest. New orders for primary metals (+1.6%), machinery (+1.9%), computers and electronic products (+1.2%), and electrical equipment, appliances, and components (+1.9%) were all up in a good sign for factory order activity.
- July JOLTS - Job Openings 7.181 mln; Prior was revised to 7.357 mln from 7.437 mln
- The Fed's Beige Book had some stagflation undertones, as eleven Districts described little or no net change in overall employment levels, while one District described a modest decline. Half of the Districts described modest growth in wages, while most of the others reported moderate growth. Two Districts noted little or no change in wages.
Most Districts reported that their firms were expecting price increases to continue in the months ahead, with three of those Districts noting that the pace of price increases was expected to rise further.
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