The pre-market trading session is showing significant volatility across major indices and individual stocks. Here’s a detailed look at today’s key movers and their impact on the market.

Major Indices Performance

• S&P 500 (ES): Down by 1.4%
• Nasdaq 100 (NQ): Down by 2.1%
• Russell 2000 (RTY): Down by 3.5%

Notable Stock Movers

1. Apple Inc. ($AAPL): Down by 1.5%

• Performance: Apple reported strong Q2 earnings and revenue, beating estimates across most metrics.
• Weakness: Revenue from Greater China fell short of expectations, which is impacting the stock negatively in pre-market trading.

1. Intel Corporation ($INTC): Down by 25%

• Performance: Intel missed both EPS and revenue targets and provided a poor outlook for Q3.
• Additional Concerns: The company suspended its dividend from Q4 and announced plans for a significant headcount reduction of more than 15%.

1. Microchip Technology Inc. ($MCHP): Down by 6.5%

• Guidance: Issued weak guidance for the next quarter, leading to a sharp pre-market decline.

1. Cloudflare Inc. ($NET): Up by 5%

• Outlook: Raised its full-year outlook, which has boosted investor confidence and driven the stock higher in pre-market trading.

1. Amazon.com Inc. ($AMZN): Down by 10%

• Performance: Missed revenue estimates and provided poor guidance for Q3, resulting in a significant drop in pre-market activity.

1. MercadoLibre Inc. ($MELI): Up by 6.5%

• Performance: Exceeded expectations in both revenue and income, leading to a strong pre-market performance.

1. Booking Holdings Inc. ($BKNG): Down by 6%

• Performance: Despite beating Q2 numbers, the company issued light guidance for the next quarter’s adjusted EBITDA, causing a decline in pre-market trading.

1. DoorDash Inc. ($DASH): Up by 8%

• Performance: Reported a revenue beat and provided upbeat communication, along with lifting the next quarter’s marketplace gross order value guidance.

1. Snap Inc. ($SNAP): Down by 20%

• Guidance: Provided weak guidance for Q3, leading to a sharp pre-market sell-off.

1. Chevron Corporation ($CVX): Down by 2%
   • Performance: Missed both top and bottom-line estimates, contributing to the stock’s decline in pre-market trading.
2. NVIDIA Corporation ($NVDA): Down by 5%
   • Investigation: The Department of Justice is investigating NVIDIA’s $700 million acquisition of startup Run:ai for potential antitrust violations, causing concern among investors.

Market Sentiment

The overall market sentiment is bearish, with significant declines across major indices and mixed performances from individual stocks. Earnings reports and forward guidance are driving most of the movement, with companies missing estimates or providing weak outlooks facing steep declines. Conversely, those with strong results and optimistic guidance are seeing gains.

Investors should stay tuned for further developments as the trading day progresses and more information becomes available.