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The S&P 500 Index ($SPX) (SPY) today is down -0.61%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.88%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.80%.  June E-mini S&P futures (ESM26) are down -0.71%, and June E-mini Nasdaq futures (NQM26) are down -0.97%.

Stock indexes are sliding for a second day today, as chipmakers and AI-infrastructure stocks retreat.  Also, rising crude oil prices are weighing on airline stocks, and trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks found some support today after US May consumer prices came in as expected, easing inflation concerns.  Also, gains in crude oil prices today are lifting energy producers.

US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years.  May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.

US MBA mortgage applications rose +10.8% in the week ended June 5, with the purchase mortgage sub-index up +7.3% and the refinancing mortgage sub-index up +15.3%.  The average 30-year fixed rate mortgage rose +3 bp to 6.60% from 6.57% in the prior week.

WTI crude oil prices (CLN26) are up more than +1% today after the US and Iran exchanged strikes overnight.  The US said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz in retaliation for Iran shooting down a US Apache helicopter.  In response, Iran launched missiles at four US military targets and fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait.  Gains in crude prices accelerated today when President Trump said that Iran has taken too long to make a deal and that they will now have to “pay the price,” fueling concerns that the US may escalate military attacks on Iran.

The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are mixed today.  The Euro Stoxx 50 recovered from a 2.5-week low and is up +0.03%.  China's Shanghai Composite closed down -0.42%.  Japan's Nikkei Stock Average closed down -1.89%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -1 tick, and the 10-year T-note yield is up +0.2 bp to 4.519%.  T-notes are under slight pressure today after a +1% jump in WTI crude oil, which has raised inflation expectations.  Supply pressures are also weighing on T-note prices as the Treasury will auction $39 billion of 10-year T-notes later today.  T-notes recovered from their worst levels after the US May CPI report rose as expected, easing inflation concerns.

European government bond yields are moving higher today.  The 10-year German Bund yield climbed to a 2.5-week high of 3.088% and is up +1.7 bp to 3.060%.  The 10-year UK gilt yield is up +1.7 bp to 4.920%.

Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.

US Stock Movers

Chipmakers and AI-infrastructure stocks are leading the broader market lower today.  ON Semiconductor (ON) is down more than -5%, and Qualcomm (QCOM) is down more than -5% to lead losers in the Nasdaq 100.  Also, Western Digital (WDC) and Broadcom (AVGO) are down more than -4%, andAdvanced Micro Devices (AMD), NXP Semiconductors NV (NXPI), ARM Holdings Plc (ARM), and Microchip Technology (MCHP) are down more than -3%.  In addition,  Nvidia (NVDA), Marvell Technology (MRVL), and Micron Technology (MU) are down more than -2%.

Trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  Old Dominion Freight Line (ODFL) is down more than -4%, and FedEx Freight Holding Co (FDXF), ArcBest (ARCB), and XPO Inc (XPO) are down more than -3%.  Also, Saia Inc (SAIA) is down more than -2%, and CH Robinson Worldwide (CHRW) and JB Hunt Transport Services (JBHT) are down more than -2%.

Airline stocks and cruise line operators are falling today, as WTI crude oil is up more than 1%, which is boosting fuel costs and dampening profitability prospects.  United Airlines Holdings (UAL), Alaska Air Group (ALK), and Carnival (CCL) are down more than -4%, and American Airlines Group (AAL), Delta Air Lines (DAL), Royal Caribbean Cruises (RCL), and Norwegian Cruise Line Holdings (NCLH) are down more than -3%.  Also, Southwest Airlines (LUV) is down more than -2%.

Energy producers and service providers are moving higher today, with WTI crude oil up more than +1%.  Devon Energy (DVN) is up more than +5%, and APA Corp (APA) is up more than +3%.  Also, ConocoPhillips (COP), Marathon Petroleum (MPC), Phillips 66 (PSX), and Chevron (CVX) are up more than +2%.  In addition, Diamondback Energy (FANG), Exxon Mobil (XOM), Halliburton (HAL), and Valero Energy (VLO) are up more than +1%.

Super Micro Computer (SMCI) is down more than -17% to lead losers in the S&P 500 after saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases.

Dianthus Therapeutics (DNTH) is down more than -13% after peer developer Sanofi halted a late-stage trial of an experimental therapy for a rare autoimmune disorder, citing efficacy concerns.

Summit Therapeutics (SMMT) is down more than -7% after announcing it had commenced an underwritten public offering of $500 million of shares of its common stock.

Cracker Barrel Old Country Store (CBRL) is up more than +27% after raising its full-year revenue forecast to $3.27 billion to $3.30 billion from a previous estimate of $3.24 billion to $3.27 billion, stronger than the consensus of $3.25 billion.

Casey’s General Stores (CASY) is up more than +14% to lead gainers in the S&P 500 after reporting Q4 revenue of $4.57 billion, above the consensus of $4.32 billion.

Illumina (ILMN) is up more than +3% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $185.

Hinge Health (HNGE) is up more than +2% after raising its full-year revenue forecast to $818 million to $824 million from a previous estimate of $798 million to $804 million.

Earnings Reports(6/10/2026)

Chewy Inc (CHWY), Core & Main Inc (CNM), Oracle Corp (ORCL). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Check out some of the companies making the biggest moves midday: Trucking companies — Freight stocks sold off in reaction to Amazon saying it will open its less-than-truckload shipping services to companies outside its own network, posing a threat to industry incumbents. FedEx Freight Holding and Old Dominion Freight Line both slumped 5%; XPO dropped 4%; and Saia and ArcBest each fell 3%. Amazon itself dipped 2%. Super Micro Computer — The AI server maker plunged 18% after setting plans to raise $7 billion through the sale of equity- and equity-linked securities to help cover the cost of hardware component purchases. Chip stocks — Semiconductor companies continued their recent decline, with Micron Technology dropping 4%, Advanced Micro Devices falling almost 5% and Broadcom shedding 5%. Devon Energy — The oil and gas explorer rallied more than 6% after Evercore ISI raised Devon to outperform after what it called the company's "better-than-expected mid-month update." Devon management on Tuesday updated investors on its outlook following the purchase of Coterra Energy in early May for about $58 billion. Cracker Barrel — The Southern country-themed restaurant chain soared 24% after raising its full-year revenue and adjusted EBITDA guidance. Cracker Barrel also reported fiscal third-quarter earnings of 29 cents per share on $797.4 million in revenue, topping expectations. Analysts polled by FactSet had expected a loss of 48 cents per share and revenue of $776.7 million. Casey's General Stores — The convenience store and gas station chain surged 14%. Casey's posted better-than-expected fiscal fourth-quarter results, FactSet said, helped by rising fuel margins and prepared food and dispensed beverage sales ahead of last year. Fiscal 2027 EBITDA was forecast to grow 8%-10%. Gambling stocks — DraftKings climbed 5%, Rush Street Interactive rose more than 4%, Flutter Entertainment and SGHC Ltd. added 3% and Penn Entertainment advanced nearly 3%. DraftKings management told a Jefferies investor conference that it's confident of no material revenue cannibalization from prediction markets, and anticipated the World Cup will drive engagement and prediction volume in the second half, FactSet said. Robinhood Markets — The financial services trading platform jumped 5% after saying late Tuesday that total platform assets rose 9% in May compared with April, and 48% from the year-earlier period. CEO Vlad Tenev wrote in a social media post that Robinhood received regulatory approval to serve as an underwriter of initial public offerings. Oscar Health — The New York-based health insurer added 3% after Barclays upgraded Oscar to overweight Wednesday, saying it "offers the most direct leverage to a potential multi-year re-rating, alongside a margin recovery cycle as repricing actions take hold." Cava — The fast-casual restaurant chain was upgraded at UBS to buy from hold on its "compelling growth story." The stock climbed 6%. BILL Holdings — The cloud-based software provider dropped 4% to a 52-week low. Truist downgraded BILL to hold and slashed its 12-month price target to $38 from $45 previously. Gold miners — Gold miners fell alongside futures contracts for delivery of gold in August, which dropped 2%. Anglogold Ashanti tumbled nearly 6%, while Harmony Gold Mining fell more than 2% and Gold Fields lost more than 4%. Hecla Mining shed 2% and NovaGold Resources lost 3%. — CNBC's Michelle Fox, Lisa Kailai Han and Jordan Novet contributed reporting

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is down -0.28%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.28%.  June E-mini S&P futures (ESM26) are down -0.25%, and June E-mini Nasdaq futures (NQM26) are down -0.22%.

Stock indexes are sliding today, led by weakness in technology stocks, as investors rotate out of the sector, weighing on the broader market. Also, trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  However, stock indexes recovered from their worst levels after US May consumer prices came in as expected, easing inflation concerns.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years.  May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.

US MBA mortgage applications rose +10.8% in the week ended June 5, with the purchase mortgage sub-index up +7.3% and the refinancing mortgage sub-index up +15.3%.  The average 30-year fixed rate mortgage rose +3 bp to 6.60% from 6.57% in the prior week.

WTI crude oil prices (CLN26) are up more than +1% today after the US and Iran exchanged strikes overnight.  The US said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz in retaliation for Iran shooting down a US Apache helicopter.  In response, Iran launched missiles at four US military targets and fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait.  Losses in crude prices accelerated today when President Trump said that Iran has taken too long to make a deal and that they will now have to “pay the price,” fueling concerns that the US may escalate military attacks on Iran.

The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are lower today.  The Euro Stoxx 50 fell to a 2.5-week low and is down -0.34%. China's Shanghai Composite closed down -0.42%.  Japan's Nikkei Stock Average closed down -1.89%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -2 ticks, and the 10-year T-note yield is up +0.6 bp to 4.523%.  T-notes are under pressure today after a +1% jump in WTI crude oil, which has raised inflation expectations.  Supply pressures are also weighing on T-note prices as the Treasury will auction $39 billion of 10-year T-notes later today.

Today’s stock weakness has boosted some safe-haven demand for government debt securities and is limiting losses in T-notes.  Also, today’s as-expected US May CPI report limited the downside in T-notes.

European government bond yields are moving higher today.  The 10-year German Bund yield climbed to a 2.5-week high of 3.088% and is up +2.7 bp to 3.070%.  The 10-year UK gilt yield is up +2.1 bp to 4.924%.

Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.

US Stock Movers

The weakness in chipmakers and AI-infrastructure stocks is leading the broader market lower today.  Western Digital (WDC) and Broadcom (AVGO) are down more than -4%, and Seagate Technology Holdings Plc (STX) is down more than -3%.  Also, Micron Technology (MU) is down more than -2%, and Nvidia (NVDA), Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), and Qualcomm (QCOM) are down more than -1%.

Trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  ArcBest (ARCB) is down more than -7%, and Old Dominion Freight Line (ODFL) is down more than -6% to lead losers in the Nasdaq 100.  Also, Saia Inc (SAIA) and XPO Inc (XPO) are down more than -5%.  In addition, FedEx Freight Holding Co (FDXF), CH Robinson Worldwide (CHRW), and JB Hunt Transport Services (JBHT) are down more than -2%.

Airline stocks and cruise line operators are falling today, as WTI crude oil is up more than 1%, which boosts fuel costs and dampens profitability prospects.  United Airlines Holdings (UAL) and Alaska Air Group (ALK) are down more than -3%, and American Airlines Group (AAL), Delta Air Lines (DAL), and Royal Caribbean Cruises (RCL) are down more than -2%.  Also, Southwest Airlines (LUV), Carnival (CCL), and Norwegian Cruise Line Holdings (NCLH) are down more than -1%.

Energy producers and service providers are moving higher today, with WTI crude oil up more than +1%.  Devon Energy (DVN) is up more than +4%, and APA Corp (APA) is up more than +3%.  Also, ConocoPhillips (COP) is up more than +2%, and Marathon Petroleum (MPC), Phillips 66 (PSX), Chevron (CVX), Halliburton (HAL), and Valero Energy (VLO) are up more than +1%.

Dianthus Therapeutics (DNTH) is down more than -13% after peer developer Sanofi halted a late-stage trial of an experimental therapy for a rare autoimmune disorder, citing efficacy concerns.

Super Micro Computer (SMCI) is down more than -12% to lead losers in the S&P 500 after saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases.

Summit Therapeutics (SMMT) is down more than -3% after announcing it had commenced an underwritten public offering of $500 million of shares of its common stock.

Cracker Barrel Old Country Store (CBRL) is up more than +31% after raising its full-year revenue forecast to $3.27 billion to $3.30 billion from a previous estimate of $3.24 billion to $3.27 billion, stronger than the consensus of $3.25 billion.

Casey’s General Stores (CASY) is up more than +14% to lead gainers in the S&P 500 after reporting Q4 revenue of $4.57 billion, above the consensus of $4.32 billion.

Illumina (ILMN) is up more than +2% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $185.

Hinge Health (HNGE) is up more than +2% after raising its full-year revenue forecast to $818 million to $824 million from a previous estimate of $798 million to $804 million.

Earnings Reports(6/10/2026)

Chewy Inc (CHWY), Core & Main Inc (CNM), Oracle Corp (ORCL). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Amazon.com muscled into the less-than-truckload (LTL) freight business on Wednesday, driving S&P 500 members FedEx Freight and Old Dominion Freight Lines into a pothole. However, the freight stocks bounced back off early lows as investors saw a relatively modest near-term threat.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Amazon announced Wednesday that it is expanding its less-than-truckload freight service beyond shipments destined for its own warehouses, opening the offering to businesses of all sizes shipping to any destination in the U.S., including third-party warehouses, distribution centers, and retail partners.

The announcement triggered a broad selloff among established freight carriers. According to CNBC, shares of Old Dominion Freight Line shed more than 6%, and both Saia and XPO Logistics gave up 5%. ArcBest stock sank 4%. At the start of trading, FedEx Freight and Saia tumbled about 10%, though both stocks clawed back a portion of those declines by later in the session, Bloomberg reported. FedEx Freight began trading as an independent company following a spinoff from FedEx Corp. earlier this month.

In the LTL model, one trailer carries shipments from several customers at the same time. Each shipment usually ranges from one to six pallets and weighs between 150 and 15,000 pounds, instead of filling a whole truck. Amazon has offered an inbound-only LTL service to its partners and vendors since 2019, moving millions of pallets across the U.S. last year. The expanded service now uses over 80,000 trailers and 24,000 intermodal containers, according to the company.

"The feedback from Amazon selling partners using our LTL service was clear: the technology, visibility, and reliability were exactly what they needed — and they wanted to use it more broadly," Jim Ruiz, director of Amazon Freight, said in a statement. "Now Amazon LTL can move your freight wherever it needs to go, servicing destinations nationwide for businesses of all sizes."

The LTL expansion is the latest addition to Amazon Supply Chain Services, a suite of logistics offerings the company unveiled last month that gives businesses access to its freight, distribution, fulfillment, and parcel shipping infrastructure. When that broader program was first announced, stock in parcel carriers UPS and FedEx fell before recovering. Amazon drew an explicit parallel to its AWS cloud computing unit, which was built for internal use before being opened to outside customers.

In a note to clients, Morgan Stanley's Ravi Shanker suggested Amazon could gain significant ground in the market without necessarily matching the service quality of established players right away. A more cautious take came from Bloomberg Intelligence's Lee Klaskow, who argued in a report that the threat to established carriers was limited, reasoning that Amazon would mainly attract budget-driven customers shipping low-value goods rather than shippers who demand high service standards.

Wednesday's selloff came after a period of strong gains for LTL stocks. Heading into Wednesday's session, Old Dominion's stock had posted gains of nearly 60% since January, carrying a valuation of roughly 43 times forward earnings estimates.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is down -0.28%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.28%.  June E-mini S&P futures (ESM26) are down -0.25%, and June E-mini Nasdaq futures (NQM26) are down -0.22%.

Stock indexes are sliding today, led by weakness in technology stocks, as investors rotate out of the sector, weighing on the broader market. Also, trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  However, stock indexes recovered from their worst levels after US May consumer prices came in as expected, easing inflation concerns.

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US May CPI rose +4.2% y/y, right on expectations and the fastest pace of increase in 3 years.  May core CPI rose +2.9% y/y, right on expectations, and the fastest pace of increase in 7 months.

US MBA mortgage applications rose +10.8% in the week ended June 5, with the purchase mortgage sub-index up +7.3% and the refinancing mortgage sub-index up +15.3%.  The average 30-year fixed rate mortgage rose +3 bp to 6.60% from 6.57% in the prior week.

WTI crude oil prices (CLN26) are up more than +1% today after the US and Iran exchanged strikes overnight.  The US said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz in retaliation for Iran shooting down a US Apache helicopter.  In response, Iran launched missiles at four US military targets and fired drones at the main US naval base in the Middle East, located in Bahrain, and struck Ali Al Salem air base in Kuwait.  Losses in crude prices accelerated today when President Trump said that Iran has taken too long to make a deal and that they will now have to "pay the price," fueling concerns that the US may escalate military attacks on Iran.

The markets are discounting a 0% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are lower today.  The Euro Stoxx 50 fell to a 2.5-week low and is down -0.34%. China's Shanghai Composite closed down -0.42%.  Japan's Nikkei Stock Average closed down -1.89%.

Story Continues

Interest Rates

September 10-year T-notes (ZNU6) today are down -2 ticks, and the 10-year T-note yield is up +0.6 bp to 4.523%.  T-notes are under pressure today after a +1% jump in WTI crude oil, which has raised inflation expectations.  Supply pressures are also weighing on T-note prices as the Treasury will auction $39 billion of 10-year T-notes later today.

Today's stock weakness has boosted some safe-haven demand for government debt securities and is limiting losses in T-notes.  Also, today's as-expected US May CPI report limited the downside in T-notes.

European government bond yields are moving higher today.  The 10-year German Bund yield climbed to a 2.5-week high of 3.088% and is up +2.7 bp to 3.070%.  The 10-year UK gilt yield is up +2.1 bp to 4.924%.

Swaps are discounting a 100% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.

US Stock Movers

The weakness in chipmakers and AI-infrastructure stocks is leading the broader market lower today.  Western Digital (WDC) and Broadcom (AVGO) are down more than -4%, and Seagate Technology Holdings Plc (STX) is down more than -3%.  Also, Micron Technology (MU) is down more than -2%, and Nvidia (NVDA), Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), and Qualcomm (QCOM) are down more than -1%.

Trucking companies are under pressure today after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers, and retail partners.  ArcBest (ARCB) is down more than -7%, and Old Dominion Freight Line (ODFL) is down more than -6% to lead losers in the Nasdaq 100.  Also, Saia Inc (SAIA) and XPO Inc (XPO) are down more than -5%.  In addition, FedEx Freight Holding Co (FDXF), CH Robinson Worldwide (CHRW), and JB Hunt Transport Services (JBHT) are down more than -2%.

Airline stocks and cruise line operators are falling today, as WTI crude oil is up more than 1%, which boosts fuel costs and dampens profitability prospects.  United Airlines Holdings (UAL) and Alaska Air Group (ALK) are down more than -3%, and American Airlines Group (AAL), Delta Air Lines (DAL), and Royal Caribbean Cruises (RCL) are down more than -2%.  Also, Southwest Airlines (LUV), Carnival (CCL), and Norwegian Cruise Line Holdings (NCLH) are down more than -1%.

Energy producers and service providers are moving higher today, with WTI crude oil up more than +1%.  Devon Energy (DVN) is up more than +4%, and APA Corp (APA) is up more than +3%.  Also, ConocoPhillips (COP) is up more than +2%, and Marathon Petroleum (MPC), Phillips 66 (PSX), Chevron (CVX), Halliburton (HAL), and Valero Energy (VLO) are up more than +1%.

Dianthus Therapeutics (DNTH) is down more than -13% after peer developer Sanofi halted a late-stage trial of an experimental therapy for a rare autoimmune disorder, citing efficacy concerns.

Super Micro Computer (SMCI) is down more than -12% to lead losers in the S&P 500 after saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases.

Summit Therapeutics (SMMT) is down more than -3% after announcing it had commenced an underwritten public offering of $500 million of shares of its common stock.

Cracker Barrel Old Country Store (CBRL) is up more than +31% after raising its full-year revenue forecast to $3.27 billion to $3.30 billion from a previous estimate of $3.24 billion to $3.27 billion, stronger than the consensus of $3.25 billion.

Casey's General Stores (CASY) is up more than +14% to lead gainers in the S&P 500 after reporting Q4 revenue of $4.57 billion, above the consensus of $4.32 billion.

Illumina (ILMN) is up more than +2% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $185.

Hinge Health (HNGE) is up more than +2% after raising its full-year revenue forecast to $818 million to $824 million from a previous estimate of $798 million to $804 million.

Earnings Reports(6/10/2026)

Chewy Inc (CHWY), Core & Main Inc (CNM), Oracle Corp (ORCL).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Investing.com -- Shares of several trucking companies fell sharply on Tuesday after Amazon announced the U.S. expansion of its less-than-truckload freight service to any destination and any business size, rattling investors in the transportation and logistics sector.

Old Dominion Freight Line dropped 7.3%, FedEx Freight fell 5.2%, Knight-Swift slid 5.4%, and Saia moved 8.2% lower following the announcement.

Amazon is expanding its less-than-truckload service, which allows businesses to share trailer space for partial loads rather than reserving a full truckload, beyond its existing inbound-to-Amazon offering to include third-party warehouses, distribution centers, and retail partners.

The service, which has operated since 2019 and moved millions of pallets last year, is now open to businesses of all sizes shipping typically between one and six pallets.

The expanded offering is part of Amazon Supply Chain Services, a logistics portfolio backed by more than 80,000 trailers and 24,000 intermodal containers. Amazon is also offering next-day live pickup, same-day drop trailer pickup, real-time GPS tracking, and cargo camera monitoring as part of the service.

"Now Amazon LTL can move your freight wherever it needs to go, servicing destinations nationwide for businesses of all sizes," said Jim Ruiz, director of Amazon Freight.

The announcement adds to investor concern that Amazon's growing logistics ambitions pose a structural threat to freight carriers.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

(Bloomberg) -- Shares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors.

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Old Dominion Freight Line Inc., FedEx Freight Holding Co. and Saia Inc. all fell roughly 10% after Wall Street opened, before recovering some of the losses. The companies specialize in “less-than-truckload” services, carrying shipments that are larger than parcels but smaller than full truckloads.

Amazon said it was expanding its less-than-truckload offering to any kind of destination across the US, from third-party warehouses to “retail partners.” The offering is part of the Amazon Supply Chain Services suite that the company unveiled last month, raising fears that it would snatch business away from established players.

The e-commerce giant “may be able to capture meaningful market share even if they are unable to offer best-in-class service levels immediately,” Morgan Stanley analyst Ravi Shanker wrote in a note to clients. “This could strike at the perceived ‘moat’ of real estate footprint and service that form the central pillar of the LTL thesis today.”

When the new initiative was first announced, parcel carriers such as United Parcel Service Inc. and third-party logistics firms like CH Robinson Worldwide Inc. sold off heavily, though they later recovered those losses. Analysts expected that less-than-truckload companies would be relatively insulated from competition, given the specialized networks that their services require.

Bloomberg Intelligence analyst Lee Klaskow defended legacy carriers after the latest announcement, saying it was unlikely to have a significant impact. “Shippers that would likely leverage Amazon would be cost-conscious, shipping low-value freight with little concern over service,” Klaskow wrote in a report.

Wednesday’s selloff came on the heels of a furious rally in less-than-truckload names. Old Dominion shares had surged nearly 60% this year through Tuesday and were trading at 43 times the next year’s estimated earnings, with Saia commanding a valuation nearly as rich. The broader S&P 1500 Transportation Index had a price-to-earnings multiple of 19.

Story Continues

It also came a little more than a week after FedEx Freight began trading as an independent company following a spinoff from FedEx Corp. That stock had recovered from a first-day drop, rallying more than 25% through Tuesday.

--With assistance from Matt Turner.

(Updates shares in second paragraph; adds analyst commentary from fourth, recent share move details from fifth.)

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1 Cash-Producing Stock with Impressive Fundamentals and 2 We Find Risky

While strong cash flow is a key indicator of stability, it doesn't always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning.

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Two Stocks to Sell:

Saia (SAIA)

Trailing 12-Month Free Cash Flow Margin: 6.8%

Pivoting its business model after realizing there was more success in delivering produce than selling it, Saia (NASDAQ:SAIA) is a provider of freight transportation solutions.

Why Does SAIA Fall Short?

Underwhelming tons shipped over the past two years imply it may need to invest in improvements to get back on track Low free cash flow margin of -0.1% for the last five years gives it little breathing room, constraining its ability to self-fund growth or return capital to shareholders Diminishing returns on capital suggest its earlier profit pools are drying up

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Biogen (BIIB)

Trailing 12-Month Free Cash Flow Margin: 24.4%

Founded in 1978 and pioneering treatments for some of medicine's most complex challenges, Biogen (NASDAQ:BIIB) develops and markets therapies for neurological conditions, including multiple sclerosis, Alzheimer's disease, spinal muscular atrophy, and rare diseases.

Why Is BIIB Not Exciting?

Sales tumbled by 4.6% annually over the last five years, showing market trends are working against it during this cycle Sales were less profitable over the last five years as its earnings per share fell by 11.4% annually, worse than its revenue declines Diminishing returns on capital suggest its earlier profit pools are drying up

Biogen is trading at $196.98 per share, or 14.3x forward P/E. Check out our free in-depth research report to learn more about why BIIB doesn't pass our bar.

One Stock to Buy:

O'Reilly (ORLY)

Trailing 12-Month Free Cash Flow Margin: 10.4%

Serving both the DIY customer and professional mechanic, O'Reilly Automotive (NASDAQ:ORLY) is an auto parts and accessories retailer that sells everything from fuel pumps to car air fresheners to mufflers.

Why Should You Buy ORLY?

Locations open for at least a year are seeing increased demand as same-store sales have averaged 4.4% growth over the past two years Healthy operating margin of 19.4% shows it's a well-run company with efficient processes Industry-leading 42.4% return on capital demonstrates management's skill in finding high-return investments

Story Continues

O'Reilly's stock price of $89.74 implies a valuation ratio of 26.7x forward P/E. Is now a good time to buy? Find out in our full research report, it's free.

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Laut einem vorläufigen Bericht von ACT Research setzte sich die Erholung in der Nachfrage nach Lkw-Klassen 8 im Mai fort. Die Vorjahresvergleichsrate lag bei 26,5 Tausend Einheiten und war um 103 % gestiegen. Trotz des Mangel an Bauplätzen für 2026 und dem Eintreten in eine historisch schwache Saisonperiode bleibt die Nachfrage nach neuen Fahrzeugen durch verbesserte Spot- und Vertragsraten sowie regulatorische Klarheit unterstützt.