Here are some of the biggest movers of the day:
Stock gainers
Digital World Acquisition Corp.
DWAC,
the special-purpose acquisition company (SPAC) looking to take Donald Trump’s Truth Social company public, soared nearly 60% after the SPAC reached a settlement with the Securities and Exchange Commission over fraud charges.
Harley-Davidson Inc.
HOG,
jumped 1.7% after D.A. Davidson upgraded it to buy from neutral ahead of the company’s second-quarter financial update on July 27.
Stock decliners
American Express
AXP,
shares dropped nearly 5% despite the credit-card giant beating its second-quarter profit forecast, as it increased total provisions for credit losses to $1.2 billion from $410 million in the year-ago quarter.
CSX Corp.
CSX,
shares fell 4.3% after the railroad operator reported second-quarter sales that missed expectations, dragged down by lower fuel and coal prices and weaker shipping volumes.
Sirius XM Holdings Inc.
SIRI,
shares were down about 14%. The stock jumped 42% on Thursday on an apparent combination of short covering, an unwinding of a spread trade involving Liberty SiriusXM and possible buying related to a rebalancing of the Nasdaq 100 index.
RedHill Biopharma Ltd.’s
RDHL,
stock fell 18% after the company said it had received an additional $1.7 million in U.S. government funding for its partner, Apogee, to develop a treatment for gastrointestinal acute radiation syndrome.
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