New York, NY – August 12, 2025 – Wall Street erupted in a wave of optimism today, propelling major U.S. stock indexes, including the S&P 500 and Nasdaq Composite, to unprecedented record highs. The surge was ignited by the release of the July Consumer Price Index (CPI) report, which presented
Shares of luxury fashion conglomerate Tapestry (NYSE:TPR)
jumped 5.7% in the pre-market session after multiple analysts raised their price targets on the company, citing optimism ahead of its upcoming earnings report. This wave of optimism from Wall Street analysts comes just ahead of the company's fourth-quarter earnings report, scheduled for August 14. Telsey Advisory Group reiterated its "outperform" rating and significantly increased its price target on the stock to $125 from $92.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Thursday's session is showcasing interesting market movements in the S&P500 index, with notable gap up and gap down stocks. Stay updated with the gapping S&P500 stocks in today's session.
Shares of luxury fashion conglomerate Tapestry (NYSE:TPR)
jumped 3.6% in the afternoon session after the company completed the sale of its Stuart Weitzman brand, a strategic move that coincided with a broader market rally in consumer stocks. The divestment allowed Tapestry to concentrate its resources on its core Coach and Kate Spade brands. This corporate news was bolstered by a favorable economic backdrop, as weak U.S. jobs data fueled investor hopes for a potential interest rate cut by the Federal Reserve. The prospect of lower borrowing costs typically encouraged consumer spending, which benefited companies like Tapestry. Adding to the positive momentum, a UBS analyst maintained a neutral stance but significantly raised the price target on the stock.
The S&P 500 (^GSPC) is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability.
But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition.
A number of stocks fell in the afternoon session after the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending. While the Conference Board's headline Consumer Confidence Index rose to 97.2 in July, the details painted a more cautious picture for investors. The Present Situation Index, a measure of consumers' assessment of current business and labor market conditions, actually fell. More telling for the sector, the report showed a decline in buying intentions for major discretionary items such as homes, cars, and most appliances. This combination of factors signals potential weakness in future consumer spending, casting a shadow over companies that rely on non-essential purchases.
Stay informed about the performance of the S&P500 index in the middle of the day on Monday. Uncover the top gainers and losers in today's session for valuable insights.
Generating cash is essential for any business, but not all cash-rich companies are great investments.
Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Top performers last week: Venture Global up 18.96% on LNG deal, SoFi up 14.29% on analyst coverage, Delta up 11.91% on earnings, Unity up 9.17% on price forecast, Moderna up 10.66% on FDA approval, PTC up 10.06% on acquisition rumors.
