Midday Market Moves: AI Infrastructure, SpaceX, J.B. Hunt, and Energy Stocks Highlight Volatility
Several stocks saw significant midday moves as market participants reacted to a mix of earnings updates, strategic announcements, and sector-specific news. Artificial intelligence infrastructure companies like CoreWeave and Nebius rebounded after weeks of declines, while photonics firms Lumentum and Coherent also rose on renewed investor interest in AI-related sectors. SpaceX shares climbed 5% following the announcement of its upcoming Starship rocket test scheduled for September 22. On the downside, J.B. Hunt Transport Services fell nearly 13% after warning that third-quarter earnings could drop between 5-10%, citing internal adjustments to rising purchase transportation costs. Energy stocks also declined as U.S. oil prices dropped over 3% due to a rise in energy inventories; Diamondback Energy and Occidental Petroleum both lost more than 4%. Meanwhile, SK Hynix and Intel rose on reports of potential collaboration for chip manufacturing in the U.S., though no final decisions have been made.
Tickers: $COHR $DELL $DVN $EXPE $FANG $FTAI $HON $INTC $JBHT $LITE $OXY $SKHX $SKHYV $SPCE $XOM
Topics: AI infrastructure Energy stocks Expedia FTAI Aviation Honeywell Technologies Intel J.B. Hunt Transport Services SK Hynix SpaceX