Equity markets saw a broad mix of winners and losers on Thursday as company-specific developments and earnings-related headlines influenced price action. The day produced dramatic swings among mega-cap technology names as well as pronounced moves in industrial, travel and small-cap segments.
Mega-cap movers (Market cap $200B+)
- Microsoft (MSFT) -12.09%
- Salesforce (CRM) -7.37%
- Oracle (ORCL) -4.35%; IHG approves Oracle as property management system provider
- Palantir Technologies (PLTR) -4.42%
- Thermo Fisher Scientific (TMO) -3.15%
- IBM (IBM) +3.62%
- Mastercard (MA) +3.62%
- Caterpillar (CAT) +2.56%; AIP Corp, Caterpillar form alliance to deploy 2 GW power for AI data centers
- Kla-Tencor (KLAC) +2.57%
- Facebook (META) +10.11%
The top-tier group produced some of the session's most extreme moves, with Facebook posting the largest gain among mega-cap names and Microsoft among the largest declines.
Large-cap movers (Market cap $10B-$200B)
- Joby Aviation (JOBY) -17.49%; Joby Aviation plans to raise $1 billion through notes and stock offerings
- United Rentals (URI) -15.63%; United Rentals shares tumble after fourth quarter earnings miss
- Las Vegas Sands (LVS) -14.09%; Las Vegas Sands shares tumble as Q4 operating profit misses estimates
- HubSpot (HUBS) -12.19%
- First Solar (FSLR) -11.27%
- Atlassian (TEAM) -11.61%
- ServiceNow (NOW) -11.76%
- Bitmine Immersion Tech (BMNR) -11.69%
- LendingClub (LC) -15.1%; LendingClub falls 8% as credit loss provisions miss estimates
- Southwest Airlines (LUV) +17.69%; Southwest Airlines shares soar as 2026 guidance exceeds expectations
- Royal Caribbean (RCL) +14.37%
Large-cap names reacted to a mix of capital markets activity, earnings outcomes and forward guidance, with travel and leisure names also among the session's leaders.
Mid-cap movers (Market cap $2B-$10B)
- Modine Manufacturing (MOD) +18.6%; Gentherm and Modine's Performance Technologies business to combine in $1 billion thermal management deal
- Liberty Oilfield Services (LBRT) +17.5%
- TAL Education Group (TAL) +16.55%; TAL Education soars 9.5% after strong earnings beat
- Jds Uniphase / Viavi Solutions (VIAV) +13.6%; Viavi Solutions soars as earnings and guidance top expectations
- Applied Opt (AAOI) -13.72%
- Centrus Energy (LEU) -13.02%
- Mudrick Capital (HYMC) -12.6%
- EquipmentShare (EQPT) -12.53%
- Calix (CALX) -14.87%; Calix shares tumble despite in-line earnings as guidance disappoints
Mid-cap moves were driven by transaction news and mixed earnings outcomes, with some firms rallying on deals or beats while others ceded ground on guidance shortfalls.
Small-cap movers (Market cap $300M-$2B)
- MSFU (MSFU) -24.21%
- Richtech Robotics (RR) -20.57%
- Virtuix Holdings (VTIX) -16.03%
- Sizzle Acquisition (CRML) -16.35%
- United States Antimony (UAMY) -14.76%
- Velo3D (VELO) -14.79%
- METU (METU) +20.97%
- FBL (FBL) +20.47%
- BMNU (BMNU) -1.34%
- MSTU (MSTU) -3.83%
Smaller capitalization names saw outsized percentage moves in both directions, underscoring the volatility often present in that market segment.
Thursday's session highlighted how company-specific disclosures - including financing plans, quarterly results and revised guidance - can generate rapid and large adjustments across market-cap cohorts. The array of movers crossed sectors such as technology, industrial equipment, travel and leisure, energy services and small-cap innovation plays.