U.S. equities extended their slide for a third straight session Thursday as investors weighed fresh economic data and corporate updates. The Dow, S&P 500, and Nasdaq all traded lower in morning activity.CarMax (KMX) shares sank after the country’s largest used-car retailer reported weaker-than-expected quarterly results, citing falling vehicle sales. CEO Bill Nash described the period as “challenging.”
Oracle (ORCL) also slipped after analysts at Rothschild Redburn began coverage with a sell rating, warning that expectations for cloud growth may be too high.
Intel (INTC) bucked the broader market trend, jumping after reports said the chipmaker is seeking a major investment from
Apple (AAPL). Apple stock edged higher.
IBM (IBM) advanced after HSBC said joint research with the tech giant showed quantum computing can improve bond-trading forecasts. HSBC’s U.S.-listed shares fell.
Lithium Americas (LAC) added to its prior gains on speculation the Trump administration could take a direct stake in the miner.