Thursday's big stock stories: What’s likely to move the market in the next trading session
CNBC previews Thursday’s market drivers. Oil rose as Brent crude crossed $80 after U.S. strikes on Iran-linked targets. Chip stocks were weak, with Nvidia down 14% from its May high and Micron down 24% from June 25. PepsiCo reports earnings Thursday. Key data include jobless claims (consensus 218,000) and existing homes (4.2M).
How this was made
The 30-second read
Why it matters
The only clearly time-sensitive company catalyst mentioned is PepsiCo’s earnings Thursday morning. Most other stock mentions are drawdown/performance context without new disclosures, so the actionable edge is limited.
Market read
Traders should mainly focus on PepsiCo earnings timing and the morning macro prints, while using oil’s geopolitical-driven move as a backdrop for energy beta.
What to watch
Geopolitical oil spikes can fade quickly if risk premium unwinds; semis’ drawdowns may reflect positioning rather than new fundamentals.
Background
This is a CNBC “Stocks @ Night” style wrap previewing what producers are watching for the next session, including oil moves, a macro calendar, and several earnings/market items.
Ticker impact
Article flags Nvidia is off 14% from the May high and up 3.3% in a week, setting near-term momentum context.
Likely supports continued volatility and technical/momentum trading rather than a fresh directional fundamental move.
The piece is a daily wrap with price-performance stats only; it does not introduce earnings, guidance, or a new event for NVDA.
Article notes Advanced Micro Devices is down 11.5% from the June 30 high and about 11% in July, highlighting ongoing weakness.
May face continued selling pressure if the market treats the move as trend-following weakness.
Only performance levels are provided; there is no new AMD-specific news such as guidance, product, or regulatory action.
Applied Materials is cited as down 22% from the June 30 high and 21% in July, implying sustained sector pressure.
Could remain pressured if traders extend the downtrend into the next session.
The article provides drawdown statistics only; no new AMAT catalyst is included.
Micron Technology is described as down 24% from the June 25 high and nearly 18% in July, signaling memory weakness.
May see continued volatility and downside bias if the market stays risk-averse on memory.
No new MU-specific fundamental disclosure appears; the content is a market wrap.
Microsoft is mentioned as an OpenAI investor and is down 31% from its July 31, 2025 high, affecting sentiment around the AI complex.
More likely to influence positioning around AI sentiment than to trigger a fresh MSFT-specific repricing.
The only MSFT detail is performance context; the OpenAI interview mention is not a new MSFT disclosure.
Chevron is also noted as off about 20% from its March 30 highs as Brent crossed above $80 following U.S. strikes.
May benefit from oil beta in the next session, but direction depends on broader risk conditions.
Only performance and macro/geopolitical context are given; no CVX news is disclosed.
PepsiCo is flagged for earnings Thursday morning, with shares down about 8% in three months and off 17% from the 52-week high.
Near-term volatility likely around the earnings print and conference call details.
The article explicitly states PEP reports earnings Thursday morning, which is a concrete time-based catalyst, though it provides no new earnings numbers.
Toll Brothers is mentioned as 13.5% from the February high and down 7% so far this week, indicating housing weakness.
Could remain under pressure if traders treat the move as trend weakness.
No new TOL-specific news is provided; it is a performance snapshot within a calendar wrap.
Market effects
Higher Brent above $80 after U.S. strikes on Iran-linked targets supports energy sentiment; tech is the only other sector up on the day.
U.S. macro calendar (jobless claims, existing homes) can swing rate expectations and cyclicals into the next session.
Middle East shipping and Strait of Hormuz risk is a direct input to global oil pricing and energy equity beta.
Counterpoint
The piece is largely a performance and calendar wrap; without company-specific catalysts, price action may revert rather than trend.
Key entities
- companyPepsiCo
Earnings scheduled Thursday morning; stock has been down over recent months per the article.
- commodityBrent crude futures
Crossed above $80 Wednesday after U.S. strikes in response to attacks in the Strait of Hormuz.
- macroJobless claims
Scheduled for 8:30 a.m. with a consensus estimate of 218,000 initial claims.
- macroExisting homes
Scheduled for 10:00 a.m. with a consensus estimate of 4.2 million.
