Here are some companies that are making headlines in intraday trading. Travelers — The insurance company soared about 8% after reporting significantly improved second-quarter earnings. Travelers earned $10.04 per share, compared to analyst estimates compiled by LSEG of $5.42 per share. Sales also exceeded analysts’ expectations at $11.53 billion. Travelers’ surge pushed the iShares U.S. Insurance ETF (IAK) up 2% on the day. Allstate Insurance and Hartford Insurance followed suit, rising more than 2%. GSK — The biopharmaceutical company’s U.S.-listed shares fell more than 2% after GSK said it would halt further development of its chronic cough treatment drug camlipixant. Late-stage clinical trials have been mixed, and the company said that “based on aggregate data, the limited efficacy demonstrated is unlikely to change patient care.” Nebius Group – The artificial intelligence infrastructure company advanced more than 4%. Nebius announced that it has raised $775 million in debt financing. The debt is supported by the company’s graphics processing unit infrastructure and contractual cash flow from contracts with investment grade customers, the company said. Nebius will use the proceeds to build a global AI cloud platform. Netflix — The streaming giant fell more than 7% after its second-quarter inline results failed to impress investors. Netflix earned 80 cents a share on revenue of $12.56 billion. Analysts polled by LSEG had expected sales of $12.59 billion and earnings of 79 cents a share. However, the company also announced that it will reduce the frequency of its “What We Watched” reports, which give investors visibility into engagement on the platform. Semiconductors — The iShares Semiconductor ETF (SOXX) fell nearly 1%, marking its fifth day of decline in the past six sessions and its worst week since April 2025. Taiwan Semiconductor Manufacturing fell nearly 2%, and Astera Labs fell 4%. Credo Technology fell more than 3%. Alphabet — Google’s parent company fell 2% for the second day in a row after Bloomberg reported Thursday that Google is months late in delivering its latest Gemini AI model. Alphabet fell nearly 4.5% on Thursday on the news. Intuitive Surgical — Shares fell more than 12% after the maker of surgical robotic tools reported second-quarter results. The company had adjusted earnings per share of $2.80 and revenue of $2.89 billion. Analyst estimates compiled by LSEG were for sales of $2.82 billion and earnings of $2.50 per share. Intuitive Surgical also maintained its full-year outlook for surgeries using its da Vinci robotic system. Growth is expected to be approximately 14%. SpaceX — Shares fell more than 4% after the launch of the company’s giant rocket, Starship, was canceled. CEO Elon Musk said in a post on X that some engines failed to start, forcing the company to abort the automatic launch, but promised to try again in the next few days. BP, ConocoPhillips — Shares of these energy companies rose about 1% after CNBC’s Brian Sullivan reported Friday that they would announce new investments in Iraq. Details of the individual commitments were not immediately available, but people familiar with the matter told Sullivan that the companies’ investments could amount to billions or even tens of billions of dollars. Alcoa — The aluminum producer fell 3% despite reporting second-quarter results that beat analysts’ expectations. Alcoa earned $2.12 per share, excluding certain items, on sales of $3.97 billion. Analysts had expected LSEG to report revenue of $3.94 billion and earnings per share of $2.06. The company also lowered its 2026 production forecast for alumina, which is used in aluminum smelting. Software stocks — Many stocks were lower as the iShares Expanded Technology Software Sector ETF (IGV) fell more than 1%, on pace for its sixth week of decline in the past seven weeks. Synopsys and Cadence Design Systems fell 8% and 9%, respectively, while Palantir Technologies and Microsoft fell about 2% each. Fifth Third Bancorp — Shares fell 2% after the regional bank reported a slight profit miss in its second-quarter financial report. However, Fifth Third reported that net interest income increased 48% year over year, in line with expectations. —CNBC’s Fred Imbert, Nick Wells and Darla Mercado contributed reporting.
