Mar. 11 at 7:35 PM
Stocks were mixed Wednesday as Middle East tensions and steady U.S. inflation data weighed on markets.
Oracle surged after beating quarterly earnings and revenue estimates, becoming the top performer in the S&P 500. UniFirst jumped after agreeing to be acquired by Cintas in a
$5.5 billion deal.
Among decliners, Fair Isaac Corporation dropped after announcing a
$1 billion private offering of senior notes due 2034, while AeroVironment fell after missing fiscal third-quarter expectations and cutting full-year guidance. Campbell Soup Company also declined after weaker-than-expected earnings and outlook.
Elsewhere, Nebius Group surged following a strategic partnership and
$2 billion investment from Nvidia. CarMax rose after activist investor Starboard Value nominated new board members, while private-credit firms Ares Management and Blue Owl Capital declined after reports that JPMorgan Chase may tighten lending to the sector.
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