Walmart dropped 6 % despite beating revenue estimates in the second quarter, as U.S. comparable sales grew only 2.6 % versus the 3.5 % expected, while earnings per share guidance also missed analyst expectations. Crypto-related stocks rose as Bitcoin and ether surged following President Donald Trump’s push for Congress to pass crypto-friendly legislation: Coinbase gained nearly 7 %, Strategy jumped 10 % and Circle Internet added 7.5 %. Alibaba saw profits tumble 75 % in the June quarter due to soaring artificial intelligence investments, with capital expenditures up 75 % and U.S.-listed shares falling 3.4 %. Moderna shed 7 % after surging 177 % the prior day on promising late-stage trial results for a cancer vaccine developed with Merck, while Nordson advanced 5.4 % after raising its full-year adjusted earnings guidance to a range of $11.80 to $12 per share, above the FactSet consensus of $11.60.
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