Morning Movers: Walmart lower following Q2 earnings miss and guidance raise

Stock futures are slightly drifting after a four-day dip in the S&P 500, as investors await cues from the Jackson Hole symposium for signals on a potential September rate cut. Simultaneously, momentum has cooled in tech stocks following a sharp recent selloff.

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Commodity moves are modest. Gold has edged lower as the dollar strengthens, while Brent crude has gained ground. Defensive sectors, notably healthcare and insurance, are showing relative resilience as a rotation continues away from overheated tech names.

In pre-market trading, S&P 500 futures fell 0.42%, Nasdaq futures fell 0.44% and Dow futures fell 0.41%

Check out this morning’s top movers from around Wall Street, compiled by The Fly, and subscribe on YouTube for the daily Fly By.

UP AFTER EARNINGS –

Cato Corp. (CATO) up 21% SelectQuote (SLQT) up 15% ScanSource (SCSC) up 6% Full Truck Alliance (YMM) up 3% LSI Industries (LYTS) up 1%

DOWN AFTER EARNINGS –

Walmart (WMT) down 3% Canadian Solar (CSIQ) down 15% Bilibili (BILI) down 3% Coty (COTY) down 18%

LOWER –

Two Harbors (TWO) down 3% after entering into a settlement agreement resolving all claims in its litigation with Pine River under which the company has agreed to make a one-time cash payment of $375M

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ScanSource sees FY26 revenue $3.1B-$3.3B, consensus $3.15B ScanSource reports Q4 EPS $1.02, consensus 92c SCSC Upcoming Earnings Report: What to Expect?

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