Top Stock Movers: CrowdStrike Wynn Resorts KB Home and More

Key Takeaways

• U.S. stocks gained mainly at midday, boosted by continued optimism over tariffs and a solid rise in home prices.
• CrowdStrike Holdings got an upgrade from BTIG, which said the cybersecurity firm's glitch that caused a global internet outage last year no longer is a concern.
• KB Home missed sales and profit estimates and lowered their guidance on the basis of high prices, consumer concerns and geopolitical and economic concerns.

The rally for U.S. equity markets mostly continued in the midday session on optimism that Trump’s tariffs may not be as severe as expected. Also, housing prices are growing strongly. The S&P 500 and Nasdaq were slightly higher, and the Dow Jones Industrial Average ticked lower. 

CrowdStrike Holdings’ (CRWD) share price soared on an upgrade by BTIG. The company noted that the global outage caused by the cybersecurity company in July was “in the rearview,” and that partners and customers had largely moved past it.

Shares in Wynn Resorts (WYNN), the hotel and casino operator, rose after its largest shareholder, billionaire Tilman Tertitta, increased his stake.

International Paper (IP), a paper products manufacturer, announced a long-term growth strategy at its Investor Day. 

KB Home shares (KBH), which are owned by KB Group, fell after the company’s results were below expectations and it reduced its outlook. This was due to consumers delaying purchases because of affordability issues and economic and geopolitical concerns.

Cintas’ (CTAS) decision to end negotiations with UniFirst (UNF), the workwear company, sent shares of UniFirst plummeting.

Oklo’s (OKLO) share price dropped after the nuclear company’s losses widened. It also warned that it expects to incur increased expenses and continue to suffer losses in the future. 

Oil and gold contracts, and the yield of the 10-year Treasury note all rose. The U.S. Dollar lost ground against the pound, yen and euro. Trading in the major cryptocurrencies were mixed.