Here are some of the biggest movers of the day:
Stock gainers
International Business Machines Corp.’s
IBM,
stock rose 2.9% after the tech giant reported better-than-expected second-quarter profit.
Shares of United Airlines Holdings Inc.
UAL,
rose 1% after the air carrier raised its full-year profit outlook following strong second-quarter results.
Zions Bancorp.
ZION,
shares jumped 8% after the regional bank reported a profit that topped expectations, with executives citing a rebound in customer deposits but higher resulting costs.
Stock decliners
Netflix Inc.’s
NFLX,
stock was off 8.7% after the streaming giant easily topped subscriber expectations but brought in less revenue than Wall Street was modeling and delivered a light top-line outlook for the current period.
Tesla Inc.
TSLA,
shares dropped 7.3% after the electric-vehicle maker beat Wall Street analysts for its second quarter but not in the blowout fashion that some market observers were expecting.
Shares of Discover Financial Services
DFS,
dropped 14.9% after the company reported above-expectations quarterly results but disclosed a FDIC probe.
Equifax Inc.
EFX,
shares fell 10.2% after the credit-reporting company reduced its full-year forecast, blaming a weak mortgage market.
Casino operator Las Vegas Sands Corp.
LVS,
reported second-quarter results that beat expectations amid a broader rebound in tourism spending at its properties in Singapore and Macau, but shares fell 3.1%.
The U.S.-listed shares of Taiwan Semiconductor Manufacturing Co.
TSM,
fell 5.2% after the contract semiconductor maker topped second-quarter earnings expectations but reported margins that contracted, while providing a somewhat downbeat outlook.
