Investors monitored news from several corporations prior to the market open. American Express experienced a 3% dip despite reporting second-quarter earnings of $2.89 per share which surpassed expectations, however revenue came in lower-than-expected at $15.05 billion. AutoNation's shares also sank 3% despite second-quarter results beating forecasts, with the company delivering adjusted earnings of $6.29 per share on revenue of $6.89 billion. Sunnova Energy dropped 2% after BMO cut their rating to market perform due to the challenging climate for residential solar, as well as debt issuances that could have a negative impact on the stock. CSX observed a 4% retreat after the transportation company failed to meet revenue expectations in the second quarter, totaling $3.7 billion compared to the $3.74 billion consensus. Capital One Financial saw a slight upturn as the financial institution posted better-than-anticipated earnings for the recent quarter; however, revenue and deposits both decreased. PPG Industries dipped 2% even though they reported robust second-quarter figures with adjusted earnings of $2.25 on revenue of $4.87 billion. Intuitive Surgical slipped 4% as the healthcare business reported inadequate systems revenue, at $392.7 million, in their second quarter. Knight-Swift Transportation plunged more than 2% with earnings per share and revenue falling below expected figures. Lastly, Scholastic soared 6% after topping earnings-per-share expectations and announcing a $100 million increase in its share repurchase amount; however, their revenue fell short of the $541.8 million anticipated.
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