Reddit surged 12% after being added to the S&P 500 starting August 18, replacing AvalonBay Communities. Applied Materials dropped more than 5% following disappointing quarterly results, with adjusted EPS of $3.50 and revenue of $9.12 billion. Wayfair rose 4% after an upgrade from Bernstein, while Workday gained around 2% after jumping nearly 18% the previous day on reports of buyout talks with Silver Lake. Fox Corporation (+2%) and Sandisk (+5%) also advanced, supported by analyst upgrades from JPMorgan and Wells Fargo.
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