Wall Street witnessed a flurry of activity on Thursday as corporate earnings reports swung stocks in both directions, while cryptocurrency markets saw Bitcoin edge lower in tandem with premarket futures. Bitcoin dropped 1.12% to $64,198 as S&P 500 futures fell 0.24%, reflecting cautious investor positioning ahead of economic data. The broader market’s risk-off tone came despite standout performances from several transportation and energy companies.
J.B. Hunt Transport Services surged as much as 9.5% in after-hours trading after a stellar second quarter. The logistics giant posted earnings per share of $1.91, a 45% year-over-year jump, on revenue of $3.50 billion, both well above analyst estimates. Operating income climbed 32%, aided by a 22% revenue increase in its key Intermodal segment and a 49% revenue surge in Integrated Capacity Solutions. A Citi analyst raised the price target to $309, citing tightening supply-demand conditions and market share gains.
Eos Energy Enterprises jumped 14% following news of a U.S. Department of War contract to supply its zinc-based energy storage system for the Golden Dome missile defense program. The company also logged its highest-ever quarterly revenue of $68–69 million, though rising production costs kept gross margins deeply negative.
On the losing side, AST SpaceMobile tumbled 13% after pricing a $1 billion convertible notes offering with a 1.625% coupon. Taiwan Semiconductor slipped 3% despite beating earnings and raising Q3 guidance, as investors mulled a $265 billion U.S. expansion plan. The mixed equity performance left Bitcoin clinging to support near $64,000, extending the mild downturn seen in premarket trade.
