Midday trading saw several companies making the headlines, particularly Oracle whose shares dropped 12% after posting lower-than-anticipated second quarter earnings and revenue guidance. WestRock surged 4.8% in response to its merger with Smurfit Kappa, which saw its FTSE 100 shares tumble 9.8%. Apple shares lost 1.3% as the tech giant prepared to launch a new iPhone. Casey's General Stores rose 11% after their earnings beat the expected, and Beauty Health rose 23.2% as they announced a cost-cutting program. Meanwhile, Advance Auto Parts fell 6.2% to a 12-year low after S&P Global downgraded their credit rating, while CVS spiked 2% following an outperform rating upgrade. Block saw shares jump 1.5% after Baird reiterated and designated the stock as a fresh bullish pick, and Cintas was upgraded to buy from Bank of America. Geron stock added roughly 1% after Goldman Sachs issued a buy rating, while Exxon Mobil rose 2% with the increasing prices of oil.
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